Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q4 26 | $0.85 | $4.97 | +484.7% | — | $1.2B | — |
| Q2 26 | $0.84 | $0.72 | -14.3% | — | $1.1B | — |
| Q1 26 | $0.62 | $0.61 | -1.6% | — | $933.3M | — |
| Q4 25 | $0.43 | $0.53 | +23.3% | — | $876.4M | — |
| Q3 25 | $0.4 | $0.19 | -52.5% | — | $783.1M | — |
| Q2 25 | $0.43 | $0.76 | +76.7% | — | $866.4M | — |
| Q1 25 | $0.17 | $0.36 | +111.8% | — | $698.5M | — |
| Q4 24 | -$0.26 | -$0.14 | +46.2% | — | $659.2M | — |
| Q3 24 | -$0.3 | -$0.41 | -36.7% | — | $576.2M | — |
| Q2 24 | -$0.55 | -$0.54 | +1.8% | — | $591.1M | — |
| Q1 24 | -$0.7 | -$0.57 | +18.6% | — | $496.5M | — |
| Q4 23 | -$0.85 | -$0.69 | +18.8% | — | $445.8M | — |
| Q3 23 | -$0.92 | -$0.69 | +25.0% | — | $381M | — |
| Q2 23 | -$0.98 | -$1.1 | -12.2% | — | $399.6M | — |
| Q1 23 | -$0.83 | -$0.86 | -3.6% | — | $361.6M | — |
| Q4 22 | -$0.63 | -$0.65 | -3.2% | — | $364.1M | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY26 | — | — | — | — | $4.3B | — |
| FY25 | — | $0.16 | — | — | $3.2B | — |
| FY24 | — | -$1.67 | — | — | $2.3B | — |
| FY23 | — | -$3.34 | — | — | $1.6B | — |
| FY22 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $264.4M | $509.5M | $870.5M | $1.3B | $1.6B | $2.3B | $3.2B | $4.3B |
| YoY change | — | +92.7% | +70.8% | +55% | +17.7% | +46.3% | +38.8% | +32.2% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 264.4M | 509.5M | 870.5M | 1.3B | 1.6B | 2.3B | 3.2B | 4.3B |
| Cost of revenue | 108.7M | 172.2M | 322.9M | 576.5M | 873.2M | 845.1M | 1B | 1.4B |
| Gross profit | 155.6M | 337.3M | 547.5M | 772.8M | 714.8M | 1.5B | 2.2B | 2.9B |
| Gross margin | 58.9% | 66.2% | 62.9% | 57.3% | 45% | 63.6% | 67.5% | 68.1% |
| Research & development | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 105.8M | 146.3M | 565.9M | 1.1B | 1.2B | 1.1B | 979.9M | 920.8M |
| Operating expenses | 179.1M | 307.7M | 812.6M | 1.3B | 1.4B | 1.3B | 1.2B | 1.2B |
| Operating income | -101.5M | -75.5M | -331M | -796.4M | -982M | -264.8M | 338M | 871M |
| Operating margin | -38.4% | -14.8% | -38% | -59% | -61.8% | -11.4% | 10.5% | 20.4% |
| Non-operating income, net | 7M | -4.4M | -59.7M | 141.2M | 175.7M | 93.6M | 148.9M | 75.8M |
| Pretax income | -120.4M | -112.2M | -443.4M | -724.8M | -989.2M | -515.5M | 61.5M | 492.7M |
| Income tax | 36K | 376K | -2.3M | -17.4M | -3.9M | 2.2M | 9.3M | -1.4B |
| Net income | -120.5M | -112.6M | -441M | -707.4M | -985.3M | -517.8M | 52.2M | 1.9B |
| Net margin | -45.6% | -22.1% | -50.7% | -52.4% | -62.1% | -22.3% | 1.62% | 45.3% |
| EBITDA | -89.3M | -70.5M | -370.7M | -602.4M | -635.7M | 4.5M | 711.8M | 1.3B |
| EPS | -0.65 | -0.61 | -2.72 | -2.51 | -3.34 | -1.67 | 0.16 | — |
| Diluted EPS | -0.65 | -0.61 | -2.88 | -2.51 | -3.34 | -1.67 | 0.15 | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 496.5M | 591.1M | 576.2M | 659.2M | 698.5M | 866.4M | 783.1M | 876.4M | 933.3M | 1.1B | 1B | 1.2B |
| Cost of revenue | 208.6M | 210M | 213M | 213.4M | 229.4M | 264.2M | 271M | 282.9M | 301.9M | 343.5M | 353.9M | 361.5M |
| Gross profit | 287.9M | 381.1M | 363.1M | 445.8M | 469M | 602.2M | 512.1M | 593.5M | 631.4M | 779.6M | 684.9M | 804.5M |
| Gross margin | 58% | 64.5% | 63% | 67.6% | 67.2% | 69.5% | 65.4% | 67.7% | 67.7% | 69.4% | 65.9% | 69% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 287.2M | 294M | 261.7M | 258.8M | 283.7M | 275.4M | 208.3M | 212.4M | 223.4M | 240M | 218.2M | 239.2M |
| Operating expenses | 322.1M | 347.7M | 305.8M | 306.5M | 338M | 345.7M | 265.6M | 272.9M | 295M | 336.1M | 286.1M | 315.5M |
| Operating income | -133.9M | -87.5M | -65.1M | 21.6M | -28.7M | 103.5M | 99.2M | 164M | 173.7M | 229.3M | 202.2M | 265.8M |
| Operating margin | -27% | -14.8% | -11.3% | 3.28% | -4.11% | 11.9% | 12.7% | 18.7% | 18.6% | 20.4% | 19.5% | 22.8% |
| Non-operating income, net | 37M | 4.5M | 22.5M | 29.5M | 34.6M | 87.1M | 13.7M | 13.5M | 19.4M | 15.6M | 18.9M | 21.8M |
| Pretax income | -170.7M | -167.6M | -133M | -44.1M | -98.3M | 82.9M | 5.3M | 71.6M | 83M | 133.2M | 107.4M | 169.1M |
| Income tax | 1M | -700K | 890K | 997K | 1.9M | 2.5M | 2.5M | 2.3M | 2.3M | 3.7M | 4.5M | -1.4B |
| Net income | -171.8M | -166.9M | -133.9M | -45.1M | -100.2M | 80.4M | 2.8M | 69.2M | 80.7M | 129.6M | 102.9M | 1.6B |
| Net margin | -34.6% | -28.2% | -23.2% | -6.85% | -14.3% | 9.28% | 0.36% | 7.9% | 8.65% | 11.5% | 9.91% | 138.7% |
| EBITDA | -55M | -56.4M | -382K | 116.3M | 52.3M | 245.6M | 172.5M | 241.5M | 258.4M | 320.5M | 296.2M | 375M |
| EPS | -0.57 | -0.54 | -0.43 | — | -0.31 | 0.25 | 0.01 | 0.21 | 0.23 | 0.39 | 0.31 | 4.77 |
| Diluted EPS | -0.57 | -0.54 | -0.43 | — | -0.31 | 0.23 | 0.01 | 0.2 | 0.23 | 0.37 | 0.3 | 4.62 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 4.5B | 9.4B | 22.3B | — | 22.7B |
| Enterprise value | — | — | — | — | 7.9B | 13.8B | 27.9B | — | 32.5B |
| Shares outstanding | 206.5M | 206.5M | 158.4M | 281.7M | 295.3M | 309.9M | 322.9M | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 427.7 | — | 12.4 |
| P/S | — | — | — | — | 2.85 | 4.03 | 6.92 | — | 5.42 |
| P/B | — | — | — | — | 1.79 | 3.43 | 7.27 | — | 4.21 |
| EV/EBITDA | — | — | — | — | -12.4 | 3K | 39.3 | — | 43.9 |
| EV/Sales | — | — | — | — | 4.98 | 5.95 | 8.67 | — | 7.62 |
| Earnings yield | — | — | — | — | — | — | 0.23% | — | 8.08% |
| FCF yield | — | — | — | — | -2.4% | 3.11% | 2.7% | — | 2.11% |
| PEG | — | — | — | — | — | — | — | — | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 58.9% | 66.2% | 62.9% | 57.3% | 45% | 63.6% | 67.5% | 68.1% | 69% |
| Operating margin | -38.4% | -14.8% | -38% | -59% | -61.8% | -11.4% | 10.5% | 20.4% | 12.6% |
| Net margin | -45.6% | -22.1% | -50.7% | -52.4% | -62.1% | -22.3% | 1.62% | 45.3% | 45.3% |
| ROE | 45.7% | 30.7% | -17.1% | -27% | -38.9% | -19% | 1.7% | 35.2% | 45.1% |
| ROA | -10.5% | -8.03% | -9.06% | -10.1% | -12.1% | -5.44% | 0.47% | 12.2% | 1.93% |
| ROIC | -4.9K% | -26.7% | -10.8% | -20.4% | -16.6% | -3.68% | 3.3% | 6.75% | 6.75% |
| Return on tangible assets | -10.5% | -8.07% | -11.9% | -12.3% | -14.1% | -6.14% | 0.52% | 13.1% | 13.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 54.7 | 36.9 | 35.8 | 53 | 74.3 | 65.7 | 54.2 | 55.1 | 12 |
| Quick ratio | 54.7 | 36.9 | 35.8 | 53 | 74.3 | 65.7 | 54.2 | 55.1 | 55.1 |
| Debt / equity | -2.22 | -2.5 | 0.77 | 1.58 | 2.15 | 2.42 | 2.56 | 1.83 | 1.83 |
| Debt / assets | 0.51 | 0.65 | 0.41 | 0.59 | 0.67 | 0.69 | 0.7 | 0.63 | 0.63 |
| Net debt / EBITDA | -2.97 | -9.23 | -1.35 | -2.15 | -5.32 | 984.9 | 7.91 | 5.94 | 5.94 |
| Interest coverage | -3.65 | -2.47 | -7.41 | -9.4 | -4.41 | -0.5 | 1.14 | 2.09 | 2.09 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 15.1% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.28 | 2.47 | 5.5 | 4.79 | 5.38 | 7.5 | 9.99 | — | 12.7 |
| EPS (basic) | -0.65 | -0.61 | -2.72 | -2.51 | -3.34 | -1.67 | 0.16 | — | — |
| EPS (diluted) | -0.65 | -0.61 | -2.88 | -2.51 | -3.34 | -1.67 | 0.15 | — | 5.53 |
| Book value per share | -1.28 | -1.78 | 16.3 | 9.29 | 8.58 | 8.82 | 9.51 | — | 16.3 |
| FCF per share | -0.53 | -0.45 | -1.35 | -0.97 | -0.37 | 0.94 | 1.86 | — | 2.84 |
| Cash per share | 1.55 | 1.29 | 9.36 | 10.1 | 7 | 6.92 | 6.89 | — | 5.04 |
| Capex per share | 0.09 | 0.1 | 0.13 | 0.31 | 0.41 | 0.51 | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 7.34% | 4.13% | 2.33% | 6.4% | 7.61% | 6.86% | — | — | — |
| Capex / operating cash flow | -9.73% | -11.8% | -4.86% | -11.2% | -21.2% | -35.9% | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$2.51 |
| — |
| — |
| $1.3B |
| — |
| FY21 | — | -$2.72 | — | — | $870.5M | — |
| FY20 | — | -$0.61 | — | — | $509.5M | — |
| FY19 | — | -$0.65 | — | — | $264.4M | — |
| Period |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 26 |
|---|
| Q4 26 |
|---|
| Revenue | $496.5M | $591.1M | $576.2M | $659.2M | $698.5M | $866.4M | $783.1M | $876.4M | $933.3M | $1.1B | $1B | $1.2B |
| YoY change | +37.3% | +47.9% | +51.2% | +47.9% | +40.7% | +46.6% | +35.9% | +33% | +33.6% | +29.6% | +32.6% | +33% |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 320.4M | 267.1M | 1.5B | 2.9B | 2.1B | 2.1B | 2.2B | 2.6B |
| Receivables | 43.1M | 59M | 91.6M | 142.1M | 199.1M | 353M | 426.2M | 284.4M |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 1.1B | 1.3B | 3.9B | 5.7B | 6.9B | 8.2B | 9.8B | 12.8B |
| Property, plant & equipment | 33.6M | 48.1M | 120.3M | 222.2M | 320.3M | 449.5M | 591.8M | 708.8M |
| Goodwill & intangibles | — | 7.5M | 1.2B | 1.2B | 1.2B | 1.1B | 1.1B | 1.1B |
| Total assets | 1.1B | 1.4B | 4.9B | 7B | 8.2B | 9.5B | 11.2B | 15.8B |
| Accounts payable | 10.8M | 18.4M | 57.8M | 33.1M | 28.6M | 41M | 82.8M | 84.6M |
| Short-term debt | — | — | — | — | — | — | — | — |
| Total current liabilities | 19.8M | 36.3M | 108.2M | 107.1M | 92.8M | 125M | 180.1M | 232M |
| Long-term debt | 586M | 917.1M | 2B | 4.1B | 5.5B | 6.6B | 7.9B | 10B |
| Total liabilities | 1.4B | 1.8B | 2.3B | 4.4B | 5.6B | 6.8B | 8.1B | 10.3B |
| Shareholders' equity | -263.4M | -367.1M | 2.6B | 2.6B | 2.5B | 2.7B | 3.1B | 5.5B |
| Total debt | 586M | 917.1M | 2B | 4.1B | 5.5B | 6.6B | 7.9B | 10B |
| Net debt | 265.5M | 650.1M | 515.7M | 2.9B | 4.6B | 5.6B | 6.5B | 8.4B |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 2.1B | 1B | 1.3B | 1B | 1B | 1.2B | 1.4B | 1.4B | 2.2B | 2.3B | 2.5B | 2.6B |
| Receivables | 236.2M | — | — | — | — | — | — | — | 283.7M | 268.2M | 230.7M | 284.4M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 7.1B | — | — | — | — | — | — | — | 10.1B | 11.5B | 11.6B | 12.8B |
| Property, plant & equipment | 366M | — | — | — | — | — | — | — | 630.7M | 665.8M | 691.8M | 708.8M |
| Goodwill & intangibles | 1.1B | 558.6M | 551.1M | 546.9M | 550.2M | 533.9M | 534.8M | 547.1M | 1.1B | 1.1B | 1.1B | 1.1B |
| Total assets | 8.4B | — | — | — | — | — | — | — | 11.5B | 13B | 13.1B | 15.8B |
| Accounts payable | 27.3M | — | — | — | — | — | — | — | 58M | 57.2M | 59.6M | 84.6M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 89.1M | — | — | — | — | — | — | — | 159.3M | 171.4M | 205.1M | 232M |
| Long-term debt | 5.7B | — | — | — | — | — | — | — | 8B | 9.2B | 9.1B | 10B |
| Total liabilities | 5.8B | — | — | — | — | — | — | — | 8.2B | 9.4B | 9.4B | 10.3B |
| Shareholders' equity | 2.6B | — | — | — | — | — | — | — | 3.3B | 3.5B | 3.8B | 5.5B |
| Total debt | 5.7B | — | — | — | — | — | — | — | 8B | 9.2B | 9.1B | 10B |
| Net debt | 4.6B | — | — | — | — | — | — | — | 6.5B | 7.7B | 7.4B | 8.4B |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Net income | -120.5M | -112.6M | -441M | -707.4M | -985.3M | -517.8M | 52.2M | 1.9B |
| Depreciation & amortization | 5.3M | 9.4M | 20M | 52.7M | 134.6M | 169M | 225.1M | 303.3M |
| Stock-based compensation | 33.7M | 29.6M | 292.5M | 391M | 451.7M | 344.5M | 321.4M | 304.7M |
| Change in working capital | -54.6M | 28.3M | -199.8M | -102.4M | -87.2M | -124.1M | -55.3M | 84.3M |
| Operating cash flow | -199.5M | -178.6M | -416.7M | -767.2M | -569.2M | -444.3M | 793.9M | 1.2B |
| Capital expenditure | -19.4M | -21M | -20.3M | -86.3M | -120.8M | -159.3M | — | — |
| Investing cash flow | -2.1B | -253.1M | -1B | -2B | -1.7B | -1.3B | -890.9M | -2.3B |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | -17.1M | -41.4M | -813K | -86K | -109K | 0 | -250M | 0 |
| Financing cash flow | 555.2M | 292M | 2.5B | 2B | 1.3B | 880M | 690.7M | 1.9B |
| Net change in cash | -1.7B | -139.7M | 1.1B | -789.9M | -888.1M | -889.4M | 593.8M | 766.7M |
| Free cash flow | -108.9M | -92.3M | -213.4M | -273.9M | -108.6M | 290.8M | 601.7M | 992.6M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -171.8M | -166.9M | -133.9M | -45.1M | -100.2M | 80.4M | 2.8M | 69.2M | 80.7M | 129.6M | 102.9M | 1.6B |
| Depreciation & amortization | 40.1M | 26.5M | 37M | 65.4M | 46.7M | 54.9M | 59.5M | 64M | 65.3M | 75.6M | 75.1M | 87.3M |
| Stock-based compensation | 112.4M | 90.2M | 77.1M | 64.9M | 94.2M | 86.1M | 75.6M | 65.5M | 85.9M | 77.8M | 73.8M | 67.2M |
| Change in working capital | -56M | -70.9M | 86M | -83.1M | 50.8M | 75.1M | -20M | -161.3M | 145M | -59.7M | 41.8M | -42.7M |
| Operating cash flow | -126.6M | -160.9M | 15.4M | -172.2M | -4.3M | 136.1M | 15.7M | 74.6M | 374.6M | 173.7M | 386.5M | 296.2M |
| Capital expenditure | -35.8M | -38.7M | -46.5M | -38.3M | -44.2M | -43.9M | -53M | — | — | — | — | — |
| Investing cash flow | -15.9M | -624.9M | -146.8M | -537.6M | -575M | -89.1M | 35.5M | -403.4M | -85.2M | -1.3B | 210.8M | -1.1B |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | 0 | 0 | — | — | 0 | 0 | — | — | 0 | 0 |
| Financing cash flow | 145.2M | 484.8M | 110.9M | 139.2M | 462M | 358.3M | -256.1M | 376.5M | 15.3M | 1.2B | -191.2M | 849.4M |
| Net change in cash | 2.7M | -301M | -20.5M | -570.6M | -117.3M | 405.4M | -204.9M | 47.7M | 304.6M | 41.8M | 406.1M | 14.2M |
| Free cash flow | 63.1M | 35.6M | 161.7M | 30.5M | 152.7M | 268.1M | 157.4M | 23.5M | 320.2M | 118M | 325.1M | 229.3M |