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 % |
|---|---|---|---|---|---|---|
| Q2 26 | -$1.66 | -$1.69 | -1.8% | — | $44.7M | — |
| Q1 26 | -$1.79 | -$1.69 | +5.6% | — | $20.7M | — |
| Q4 25 | -$1.94 | -$1.85 | +4.6% | — | $20M | — |
| Q2 25 | -$1.75 | -$1.93 | -10.3% | — | $12.5M | — |
| Q1 25 | -$1.76 | -$1.55 | +11.9% | — | $8.7M | — |
| Q4 24 | -$1.63 | -$1.74 | -6.7% | — | $10.7M | — |
| Q3 24 | $7.91 | -$1.47 | -118.6% | — | $9M | — |
| Q2 24 | -$1.61 | -$1.69 | -5.0% | — | $8.6M | — |
| Q1 24 | -$1.68 | -$1.45 | +13.7% | — | $8.2M | — |
| Q4 23 | -$1.64 | -$1.72 | -4.9% | — | $7.1M | — |
| Q3 23 | -$1.64 | -$1.64 | 0.0% | — | $7.4M | — |
| Q2 23 | -$1.5 | -$1.51 | -0.7% | — | $6.7M | — |
| Q1 23 | -$1.72 | -$1.47 | +14.5% | — | $5.6M | — |
| Q4 22 | -$1.53 | -$1.66 | -8.5% | — | $4.3M | — |
| Q3 22 | -$1.71 | -$1.49 | +12.9% | — | $3.5M | — |
| Q2 22 | -$1.78 | -$1.68 | +5.6% | — | $5.6M | — |
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 % |
|---|---|---|---|---|---|---|
| FY25 | — | -$7.12 | — | — | $54M | — |
| FY24 | — | $11.9 | — | — | $36.5M | — |
| FY23 | — | -$6.33 | — | — | $26.8M | — |
| FY22 | — | -$4.23 | — | — | $14.2M |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $69.9M | $43M | $94.4M | $0 | $0 | $0 | $14.2M | $26.8M | $36.5M | $54M |
| YoY change | +18.2% | -38.5% | +119.4% | -100% | 0% | 0% | +InfinityT% | +88.4% | +36.1% | +48% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 69.9M | 43M | 94.4M | 0 | 0 | 0 | 14.2M | 26.8M | 36.5M | 54M |
| Cost of revenue | 0 | 0 | 1.4M | 1.3M | 2.8M | 0 | 1.7M | 2.9M | 4.2M | 6.3M |
| Gross profit | 69.9M | 43M | 93M | 116.6M | 200.4M | 0 | 12.5M | 23.9M | 32.3M | 47.7M |
| Gross margin | 100% | 100% | 98.5% | — | — | — | 88% | 89.3% | 88.6% | 88.3% |
| Research & development | 220.2M | 292.7M | 341.3M | 214.3M | 220.8M | 257M | 279.9M | 295.5M | 301.3M | 339.5M |
| Selling, general & administrative | 50.7M | 71.1M | 114.1M | 102M | 115.1M | 121.4M | 121.7M | 119.9M | 156.8M | 180.3M |
| Operating expenses | 270.9M | 363.8M | 455.5M | 316.3M | 335.9M | 378.4M | 401.6M | 415.4M | 458.1M | 519.8M |
| Operating income | -201M | -320.8M | -362.5M | -316.3M | -335.9M | -378.4M | -389M | -391.5M | -425.7M | -472.1M |
| Operating margin | -287.6% | -745.8% | -384% | — | — | — | -2.7K% | -1.5K% | -1.2K% | -873.9% |
| Non-operating income, net | — | — | — | — | — | 21.1M | 144.5M | 6.1M | 1.1B | 2M |
| Pretax income | -198.5M | -314.7M | -346M | -301.4M | -329.3M | -356.5M | -231.8M | -352.1M | 718M | -413.8M |
| Income tax | 0 | — | — | — | — | — | — | — | 44.2M | -1M |
| Net income | -198.5M | -314.7M | -346M | -411.5M | -327.4M | 1.6B | -231.8M | -352.1M | 673.7M | -412.8M |
| Net margin | -284% | -731.6% | -366.6% | — | — | — | -1.6K% | -1.3K% | 1.8K% | -764% |
| EBITDA | -195.3M | -314.4M | -338.9M | -308.2M | -326.1M | -375.8M | -518.2M | -384.9M | -1.5B | -467M |
| EPS | -5.07 | -6.75 | -6.03 | -6.86 | -4.74 | 26.6 | -4.23 | -6.33 | 11.9 | -7.12 |
| Diluted EPS | -5.07 | -6.75 | -6.03 | -6.86 | -4.74 | 26.6 | -4.23 | -6.33 | 11.6 | -7.12 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.4M | 7.1M | 8.2M | 8.6M | 9M | 10.7M | 8.7M | 12.5M | 12.9M | 20M | 20.7M | 44.7M |
| Cost of revenue | 633K | 586K | 627K | 1.5M | 783K | 1.3M | 1.1M | 1.7M | 1.7M | 1.9M | 1.3M | 3M |
| Gross profit | 6.8M | 6.5M | 7.6M | 7.1M | 8.2M | 9.5M | 7.6M | 10.8M | 11.2M | 18.1M | 19.4M | 41.7M |
| Gross margin | 91.4% | 91.7% | 92.3% | 82.6% | 91.3% | 88.3% | 87.6% | 86.3% | 87% | 90.6% | 93.6% | 93.3% |
| Research & development | 81.8M | 77.5M | 68.6M | 77.4M | 72.5M | 82.8M | 72.7M | 91.9M | 86.8M | 88.1M | 81.1M | 100.8M |
| Selling, general & administrative | 25.8M | 35.3M | 31M | 35.5M | 38.5M | 51.7M | 41.5M | 45.9M | 41.3M | 51.6M | 48.3M | 51.5M |
| Operating expenses | 107.7M | 112.8M | 99.6M | 112.9M | 111M | 134.5M | 114.3M | 137.8M | 128.1M | 139.7M | 129.5M | 152.3M |
| Operating income | -100.9M | -106.3M | -92.1M | -105.8M | -102.8M | -125M | -106.6M | -127.1M | -116.9M | -121.6M | -110M | -110.6M |
| Operating margin | -1.4K% | -1.5K% | -1.1K% | -1.2K% | -1.1K% | -1.2K% | -1.2K% | -1K% | -907.4% | -608.9% | -530.3% | -247.1% |
| Non-operating income, net | 1.2M | 1.7M | 1.6M | 1.6M | 1.1B | 1.6M | 1.3M | 523K | 67K | 113K | 119K | 119K |
| Pretax income | -91.3M | -95.9M | -81.5M | -96.1M | 1B | -105.4M | -89.3M | -112M | -103.4M | -109.1M | -99.1M | -100.7M |
| Income tax | — | — | — | — | 53.1M | -8.9M | — | — | 0 | -1M | — | — |
| Net income | -91.3M | -95.9M | -81.5M | -96.1M | 947.9M | -96.5M | -89.3M | -112M | -103.4M | -108M | -99.1M | -100.7M |
| Net margin | -1.2K% | -1.4K% | -995.8% | -1.1K% | 10.6K% | -899.6% | -1K% | -899.4% | -803.1% | -541.1% | -477.7% | -225.1% |
| EBITDA | -99.3M | -104.9M | -90.7M | -104.2M | -1.2B | -123.7M | -105.4M | -125.8M | -115.5M | -120.3M | -108.7M | -109.2M |
| EPS | -1.64 | — | -1.45 | -1.69 | 16.6 | — | -1.55 | -1.93 | -1.78 | — | -1.69 | -1.69 |
| Diluted EPS | -1.64 | — | -1.45 | -1.69 | 16.2 | — | -1.55 | -1.93 | -1.78 | — | -1.69 | -1.69 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | 1.6B | — | — | 2.9B | — | — | 1.5B | 1.2B | 1.9B | 1.6B | 2B |
| Enterprise value | 1.1B | — | — | 2.4B | — | — | 841M | 534.4M | 1B | 763.8M | 1.4B |
| Shares outstanding | 39.1M | 46.6M | 57.4M | 60M | 69M | 60.4M | 54.8M | 55.7M | 56.8M | 58M | 58M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 2.77 | — | 3.82 |
| P/S | 23.4 | — | — | — | — | — | 108 | 46.2 | 51.1 | 29.2 | 20.2 |
| P/B | 4.55 | — | — | 4.47 | — | — | 1.4 | 1.53 | 1.21 | 1.32 | 1.93 |
| EV/EBITDA | -5.59 | — | — | -7.83 | — | — | -1.62 | -1.39 | -0.68 | -1.64 | -3 |
| EV/Sales | 15.6 | — | — | — | — | — | 59.1 | 19.9 | 28.2 | 14.1 | 13.8 |
| Earnings yield | — | — | — | — | — | — | — | — | 36.1% | — | 26.1% |
| FCF yield | 1.75% | — | — | -13.4% | — | — | -20.4% | -25.4% | -21% | -24.5% | -13.8% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.31 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 100% | 100% | 98.5% | — | — | — | 88% | 89.3% | 88.6% | 88.3% | 93.3% |
| Operating margin | -287.6% | -745.8% | -384% | — | — | — | -2.7K% | -1.5K% | -1.2K% | -873.9% | -247.1% |
| Net margin | -284% | -731.6% | -366.6% | — | — | — | -1.6K% | -1.3K% | 1.8K% | -764% | 88.3% |
| ROE | -55.3% | -83.8% | -50.3% | -64.2% | -81.9% | 124.2% | -21.1% | -43.4% | 43.7% | -34.6% | -34.3% |
| ROA | -32.1% | -51.2% | -40.3% | -46.2% | -38.4% | 111.6% | -18.7% | -37.6% | 40.5% | -31.8% | -22.2% |
| ROIC | 110% | — | — | — | — | — | — | — | -56.7% | -124.6% | -124.6% |
| Return on tangible assets | -32.1% | -51.2% | -40.3% | -46.2% | -38.4% | 111.6% | -18.7% | -37.6% | 40.5% | -31.8% | -37.1% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 6.33 | 4.69 | 6.56 | 6.59 | 6.74 | 17.8 | 13.3 | 12.3 | 11.9 | 11.5 | 10.2 |
| Quick ratio | 6.33 | 4.69 | 6.55 | 6.51 | 6.59 | 17.8 | 13.2 | 12 | 11.6 | 11.1 | 9.79 |
| Debt / equity | — | — | 0 | 0.18 | 0.26 | 0.08 | 0.08 | 0.09 | 0.04 | 0.03 | 0.03 |
| Debt / assets | — | — | 0 | 0.13 | 0.12 | 0.07 | 0.07 | 0.08 | 0.03 | 0.03 | 0.03 |
| Net debt / EBITDA | — | — | 1.73 | 1.46 | 1.43 | 2.46 | 1.35 | 1.83 | 0.55 | 1.74 | 1.29 |
| Interest coverage | — | — | — | — | -18.8 | — | — | — | — | — | — |
| Effective tax rate | 0% | — | — | — | — | — | — | — | 6.16% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.79 | 0.92 | 1.64 | 0 | 0 | 0 | 0.26 | 0.48 | 0.64 | 0.93 | 1.68 |
| EPS (basic) | -5.07 | -6.75 | -6.03 | -6.86 | -4.74 | 26.6 | -4.23 | -6.33 | 11.9 | -7.12 | -7.12 |
| EPS (diluted) | -5.07 | -6.75 | -6.03 | -6.86 | -4.74 | 26.6 | -4.23 | -6.33 | 11.6 | -7.12 | -6.74 |
| Book value per share | 9.16 | 8.06 | 12 | 10.7 | 5.79 | 21.4 | 20.1 | 14.6 | 27.1 | 20.6 | 17.2 |
| FCF per share | 0.73 | -6.22 | -5.42 | -6.38 | -4.42 | -6.83 | -5.74 | -5.65 | -6.89 | -6.68 | -6.56 |
| Cash per share | 13.8 | 9.1 | 10.2 | 9.42 | 8.3 | 16.9 | 14.3 | 14 | 15.7 | 14.7 | 10.3 |
| Capex per share | 0.25 | 0.1 | 0.12 | 0.2 | 0.2 | 0.09 | 0.07 | 0.01 | 0.03 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 14.2% | 10.8% | 7.4% | — | — | — | 27.5% | 1.22% | 4.51% | — | — |
| Capex / operating cash flow | 42.5% | -1.63% | -2.25% | -4.51% | -4.37% | -1.95% | -1.28% | -0.11% | -0.95% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | $26.6 | — | — | $0 | — |
| FY20 | — | -$4.74 | — | — | $0 | — |
| FY19 | — | -$6.86 | — | — | $0 | — |
| FY18 | — | -$6.03 | — | — | $94.4M | — |
| FY17 | — | -$6.75 | — | — | $43M | — |
| FY16 | — | -$5.07 | — | — | $69.9M | — |
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.4M | $7.1M | $8.2M | $8.6M | $9M | $10.7M | $8.7M | $12.5M | $12.9M | $20M | $20.7M | $44.7M |
| YoY change | +110.4% | +64.8% | +46% | +28.4% | +21.2% | +51.1% | +6.56% | +44.6% | +43.7% | +86.1% | +137.7% | +259.3% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 541.3M | 423.9M | 585.3M | 564.9M | 572.9M | 1B | 783.1M | 776.9M | 893.7M | 854.4M |
| Receivables | 4.9M | 3.7M | 10.4M | 15.3M | 25.4M | 0 | 2.2M | 2.8M | 4.1M | 10.6M |
| Inventory | — | 0 | 869K | 7.3M | 14.7M | 0 | 8.5M | 19.1M | 27.6M | 32.9M |
| Total current assets | 559.9M | 445.3M | 613.8M | 611.7M | 636.7M | 1.1B | 832.8M | 833.8M | 965.6M | 942.1M |
| Property, plant & equipment | 25.3M | 24.4M | 24.3M | 32.5M | 31.4M | 29.1M | 23M | 15.4M | 11.7M | 10.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 619.1M | 614.4M | 858.5M | 890.7M | 853M | 1.4B | 1.2B | 937.1M | 1.7B | 1.3B |
| Accounts payable | 17.1M | 22.8M | 17.9M | 21.9M | 17.7M | 16.7M | 18.6M | 9.8M | 16.6M | 18.4M |
| Short-term debt | — | — | — | 6.9M | 7.4M | 11.2M | 13.7M | 15M | 16.8M | 18.4M |
| Total current liabilities | 88.4M | 94.9M | 93.5M | 92.9M | 94.4M | 59.8M | 62.6M | 68M | 81.2M | 82.2M |
| Long-term debt | — | — | 0 | 106.7M | 97.8M | 85.9M | 72M | 57M | 40.2M | 21.8M |
| Total liabilities | 260.5M | 238.9M | 170.9M | 250.2M | 453.5M | 145.8M | 137.9M | 126.1M | 122.2M | 104.1M |
| Shareholders' equity | 358.6M | 375.5M | 687.5M | 640.5M | 399.5M | 1.3B | 1.1B | 811M | 1.5B | 1.2B |
| Total debt | — | — | 0 | 113.7M | 105.2M | 97.1M | 85.7M | 72M | 57M | 40.2M |
| Net debt | — | — | -70.5M | 32.7M | -22.2M | -106M | -53.6M | -16.2M | -19.3M | -48.9M |
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 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 647.5M | 776.9M | 598M | 569.9M | 1B | 893.7M | 893.4M | 938.9M | 952.9M | 854.4M | 113.6M | 617.6M |
| Receivables | 1.2M | 2.8M | 3.5M | 3.8M | 3.1M | 4.1M | 3.3M | 5M | 5M | 10.6M | 16.1M | 20.1M |
| Inventory | 17.3M | 19.1M | 23.1M | 23.9M | 26.4M | 27.6M | 29.6M | 30.8M | 32M | 32.9M | 35.1M | 30.2M |
| Total current assets | 704.4M | 833.8M | 663.6M | 632.1M | 1.1B | 965.6M | 968.6M | 1B | 1B | 942.1M | 834.8M | 717.7M |
| Property, plant & equipment | 16.8M | 15.4M | 14.1M | 12.7M | 11.8M | 11.7M | 11.1M | 10.6M | 10.7M | 10.8M | — | 9.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 1B | 937.1M | 849.7M | 773.1M | 1.8B | 1.7B | 1.6B | 1.5B | 1.4B | 1.3B | 1.2B | 1.1B |
| Accounts payable | 13.3M | 9.8M | 11.2M | 10M | 17.1M | 16.6M | 13.7M | 17.5M | 19.6M | 18.4M | 13.7M | 16.3M |
| Short-term debt | 14.7M | 15M | 15.4M | 15.9M | 16.3M | 16.8M | 17.2M | 17.6M | 18M | 18.4M | — | 19.2M |
| Total current liabilities | 58.4M | 68M | 51.7M | 62.6M | 119.5M | 81.2M | 52.4M | 70.4M | 74.8M | 82.2M | 58.8M | 70.2M |
| Long-term debt | 60.8M | 57M | 52.9M | 48.8M | 44.5M | 40.2M | 35.7M | 31.2M | 26.5M | 21.8M | 16.9M | 11.9M |
| Total liabilities | 120.4M | 126.1M | 105.8M | 112.6M | 165.1M | 122.2M | 89M | 101.7M | 101.4M | 104.1M | 75.9M | 82.4M |
| Shareholders' equity | 886.8M | 811M | 743.9M | 660.5M | 1.6B | 1.5B | 1.5B | 1.4B | 1.3B | 1.2B | 1.1B | 1B |
| Total debt | 75.5M | 72M | 68.3M | 64.6M | 60.8M | 57M | 52.9M | 48.8M | 44.5M | 40.2M | 16.9M | 31.2M |
| Net debt | 11.2M | -16.2M | -50.4M | -19.9M | -192.9M | -19.3M | -26M | -32.1M | -48.2M | -48.9M | -96.7M | -68.5M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -198.5M | -314.7M | -346M | -301.4M | -329.3M | -356.5M | -231.8M | -352.1M | 673.7M | -412.8M |
| Depreciation & amortization | 5.7M | 6.4M | 7.2M | 8.1M | 9.8M | 9.2M | 8.6M | 6.6M | 5.7M | 5.2M |
| Stock-based compensation | 42.1M | 47.8M | 73.4M | 58M | 61.6M | 53.5M | 49.3M | 44.8M | 42.8M | 52.6M |
| Change in working capital | 174M | -22.8M | -44.9M | -40.2M | -73.7M | -10M | -14.6M | -35.7M | -18.5M | -27.6M |
| Operating cash flow | 23.4M | -283.2M | -310.4M | -266.9M | -322.6M | -294.3M | -306.4M | -308.2M | -173.9M | -373M |
| Capital expenditure | -9.9M | -4.6M | -7M | -12M | -14.1M | -5.7M | -3.9M | 326K | -1.6M | — |
| Investing cash flow | -119.3M | -57.9M | -273.8M | 91.6M | 76.5M | -554.2M | 375M | 257.1M | 363.4M | 391.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | 0 | 0 | -802.5M | 0 | 0 | — | — |
| Financing cash flow | 161.9M | 270.9M | 515.8M | 277.1M | 250.2M | -803.1M | -331K | 0 | 0 | — |
| Net change in cash | 65.9M | -70.2M | -68.4M | 101.8M | 4.1M | -1.7B | 68.3M | -51.1M | 189.5M | 18.5M |
| Free cash flow | 28.6M | -289.9M | -311.4M | -382.6M | -304.9M | -413.1M | -314.4M | -314.6M | -391.5M | -387.3M |
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 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -91.3M | -95.9M | -81.5M | -96.1M | 947.9M | -96.5M | -89.3M | -112M | -103.4M | -108M | -99.1M | -100.7M |
| Depreciation & amortization | 1.6M | 1.4M | 1.3M | 1.6M | 1.3M | 1.4M | 1.3M | 1.3M | 1.4M | 1.3M | 1.4M | 1.4M |
| Stock-based compensation | 9.1M | 13.8M | 9.2M | 11.6M | 11.1M | 10.9M | 11.4M | 14.7M | 12.4M | 14.1M | 15.5M | 15.9M |
| Change in working capital | -2.3M | -10.5M | -6.9M | -6.1M | 1.5M | -7.1M | -8.1M | -3.9M | -3.7M | -11.9M | -17.2M | -4.5M |
| Operating cash flow | -62.8M | -88.4M | -75M | -86.2M | 75.6M | -88.3M | -81.7M | -77.1M | -88.2M | -96.2M | -118.9M | -57.3M |
| Capital expenditure | 806K | -234K | -101K | -158K | -419K | -967K | -766K | — | — | — | — | — |
| Investing cash flow | 56.8M | 95.5M | 124.6M | 37.2M | -838.3M | -49.2M | 112.6M | 89.8M | 97.1M | 91.2M | 142.1M | 66.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | -5.9M | 7.1M | 49.5M | -48.9M | -762.7M | -137.5M | 30.9M | 12.7M | 9M | -5M | 23.2M | 9.1M |
| Free cash flow | -79.5M | -72.7M | -100M | -72.7M | -84.6M | -134.1M | -112.3M | -88M | -89.7M | -97.3M | -119.7M | -83.5M |