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 | $0.69 | $0.8 | +15.9% | — | $392.4M | — |
| Q1 26 | $0.54 | $0.61 | +13.0% | — | $308.4M | — |
| Q4 25 | $0.51 | $0.58 | +13.7% | — | $270.6M | — |
| Q3 25 | $0.39 | $0.49 | +25.6% | — | $230.6M | — |
| Q2 25 | $0.32 | $0.44 | +37.5% | — | $191.9M | — |
| Q1 25 | $0.28 | $0.33 | +17.9% | — | $159.4M | — |
| Q4 24 | $0.26 | $0.37 | +42.3% | — | $141.1M | — |
| Q3 24 | $0.17 | $0.23 | +35.3% | — | $113.1M | — |
| Q2 24 | $0.11 | $0.13 | +18.2% | — | $76.8M | — |
| Q1 24 | $0.07 | $0.27 | +285.7% | — | $65.3M | — |
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 | — | $1.32 | — | — | $852.5M | — |
| FY24 | — | -$0.64 | — | — | $396.3M | — |
| FY23 | — | -$0.17 | — | — | $115.8M | — |
| FY22 | — | -$0.45 | — | — | $79.9M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $79.9M | $115.8M | $396.3M | $852.5M |
| YoY change | — | +45% | +242.2% | +115.1% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| 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, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 79.9M | 115.8M | 396.3M | 852.5M |
| Cost of revenue | 21.2M | 36M | 93.6M | 207.3M |
| Gross profit | 58.7M | 79.8M | 302.7M | 645.3M |
| Gross margin | 73.5% | 68.9% | 76.4% | 75.7% |
| Research & development | 73.7M | 73.4M | 200.8M | 304M |
| Selling, general & administrative | 45.2M | 35.9M | 217.9M | 167.8M |
| Operating expenses | 118.9M | 109.3M | 418.8M | 471.8M |
| Operating income | -60.2M | -29.5M | -116.1M | 173.4M |
| Operating margin | -75.4% | -25.5% | -29.3% | 20.3% |
| Non-operating income, net | — | — | — | — |
| Pretax income | -57.6M | -22.9M | -81.8M | 218.2M |
| Income tax | 764K | 3.3M | 1.6M | -981K |
| Net income | -58.3M | -26.3M | -83.4M | 219.1M |
| Net margin | -73% | -22.7% | -21.1% | 25.7% |
| EBITDA | -59.4M | -27.7M | -112.9M | 180.3M |
| EPS | -0.45 | -0.17 | -0.64 | 1.32 |
| Diluted EPS | -0.45 | -0.17 | -0.64 | 1.22 |
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 | 36.9M | 50.5M | 65.3M | 76.8M | 113.1M | 141.1M | 159.4M | 191.9M | 230.6M | 270.6M | 308.4M | 392.4M |
| Cost of revenue | 8.8M | 11.5M | 14.7M | 17M | 25.2M | 36.6M | 40M | 46.4M | 54.8M | 66.1M | 73.2M | 104.8M |
| Gross profit | 28.1M | 39M | 50.5M | 59.9M | 87.9M | 104.4M | 119.4M | 145.6M | 175.8M | 204.5M | 235.1M | 287.6M |
| Gross margin | 76.1% | 77.3% | 77.4% | 77.9% | 77.7% | 74% | 74.9% | 75.8% | 76.2% | 75.6% | 76.3% | 73.3% |
| Research & development | 20.6M | 19.7M | 53.6M | 40.1M | 50.7M | 56.5M | 64.6M | 66.7M | 78.9M | 93.8M | 125.6M | 135.9M |
| Selling, general & administrative | 9.5M | 10.4M | 79.9M | 44.1M | 46.1M | 47.8M | 43.6M | 39.1M | 41.5M | 43.7M | 47.7M | 62.4M |
| Operating expenses | 30.1M | 30M | 133.5M | 84.2M | 96.8M | 104.3M | 108.1M | 105.8M | 120.4M | 137.5M | 173.3M | 198.3M |
| Operating income | -2M | 9M | -83M | -24.3M | -8.9M | 144K | 11.3M | 39.8M | 55.4M | 67M | 61.8M | 89.2M |
| Operating margin | -5.35% | 17.9% | -127.1% | -31.7% | -7.87% | 0.1% | 7.08% | 20.7% | 24% | 24.7% | 20.1% | 22.7% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -253K | 10.7M | -80.4M | -14.1M | 2M | 10.7M | 21.7M | 50.7M | 66.9M | 78.9M | 73.4M | 102.8M |
| Income tax | 2.9M | -3.6M | 12.6M | -6.5M | 9.6M | -14M | -10.1M | -560K | -24.3M | 33.9M | -6.9M | -50.3M |
| Net income | -3.1M | 14.3M | -93M | -7.5M | -7.6M | 24.7M | 31.8M | 51.2M | 91.1M | 45M | 80.3M | 153.1M |
| Net margin | -8.46% | 28.4% | -142.5% | -9.82% | -6.71% | 17.5% | 20% | 26.7% | 39.5% | 16.6% | 26% | 39% |
| EBITDA | -1.5M | 9.6M | -82.4M | -23.6M | -8M | 1.1M | 12.4M | 41.2M | 56.9M | 69.8M | 65.5M | 93.2M |
| EPS | -0.02 | — | -1.77 | -0.05 | -0.05 | 0.15 | 0.19 | 0.31 | 0.54 | 0.27 | 0.47 | 0.89 |
| Diluted EPS | -0.02 | — | -1.77 | -0.05 | -0.05 | 0.14 | 0.18 | 0.29 | 0.5 | 0.25 | 0.44 | 0.83 |
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 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 60.9B |
| Enterprise value | — | — | — | — | 62B |
| Shares outstanding | 130.5M | 152.5M | 131.3M | 166.4M | 166.4M |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | 178.7 |
| P/S | — | — | — | — | 52.6 |
| P/B | — | — | — | — | 36.7 |
| EV/EBITDA | — | — | — | — | 217.4 |
| EV/Sales | — | — | — | — | 51.6 |
| Earnings yield | — | — | — | — | 0.56% |
| FCF yield | — | — | — | — | 0.15% |
| PEG | — | — | — | — | 0.96 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Gross margin | 73.5% | 68.9% | 76.4% | 75.7% | 73.3% |
| Operating margin | -75.4% | -25.5% | -29.3% | 20.3% | 22.7% |
| Net margin | -73% | -22.7% | -21.1% | 25.7% | 30.7% |
| ROE | 68.4% | 26.9% | -8.65% | 16.1% | 25.8% |
| ROA | -27.6% | -13.4% | -7.91% | 14.3% | 10.7% |
| ROIC | 24.4% | 12% | -224.1% | 96.9% | 57.8% |
| Return on tangible assets | -27.6% | -13.4% | -7.91% | 14.3% | 21.1% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Current ratio | 5.14 | 5.3 | 11.7 | 10.2 | 10.1 |
| Quick ratio | 4.42 | 4.61 | 11.2 | 9.79 | 9.36 |
| Debt / equity | -0.02 | -0.02 | 0 | 0 | 0.03 |
| Debt / assets | 0.01 | 0.01 | 0 | 0 | 0 |
| Net debt / EBITDA | 2.72 | 5.31 | 8.09 | -6.57 | -4.23 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Revenue per share | 0.61 | 0.76 | 3.02 | 5.12 | 7.07 |
| EPS (basic) | -0.45 | -0.17 | -0.64 | 1.32 | 1.32 |
| EPS (diluted) | -0.45 | -0.17 | -0.64 | 1.22 | 2.04 |
| Book value per share | -0.65 | -0.64 | 7.35 | 8.19 | 9.95 |
| FCF per share | -0.3 | -0.1 | 0.78 | 1.69 | 1.51 |
| Cash per share | 1.25 | 0.98 | 6.97 | 7.14 | 7.22 |
| Capex per share | 0.03 | 0.02 | 0.26 | — | — |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Capex / revenue | 4.85% | 2.38% | 8.64% | — | — |
| Capex / operating cash flow | -7.68% | -12.9% | 27.3% | — | — |
| Payout ratio | — | — | — | — | 0% |
| Revenue | $36.9M | $50.5M | $65.3M | $76.8M | $113.1M | $141.1M | $159.4M | $191.9M | $230.6M | $270.6M | $308.4M | $392.4M |
| YoY change | — | — | +269.4% | +619% | +206.2% | +179.3% | +144.3% | +149.7% | +103.9% | +91.8% | +93.4% | +104.5% |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 163.1M | 149.3M | 914.3M | 1.2B |
| Receivables | 10.7M | 8.3M | 38.8M | 83.2M |
| Inventory | 28.9M | 24.1M | 43.2M | 59M |
| Total current assets | 206M | 185.8M | 1B | 1.4B |
| Property, plant & equipment | 3.5M | 4.7M | 35.7M | 92M |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 211.7M | 196.3M | 1.1B | 1.5B |
| Accounts payable | 10.3M | 6.3M | 26.9M | 42.4M |
| Short-term debt | 1.6M | 2.2M | 1.3M | 4.1M |
| Total current liabilities | 40.1M | 35.1M | 86.5M | 133M |
| Long-term debt | — | — | — | — |
| Total liabilities | 297M | 294M | 89.7M | 168.2M |
| Shareholders' equity | -85.3M | -97.7M | 964.8M | 1.4B |
| Total debt | 1.6M | 2.2M | 1.3M | 4.1M |
| Net debt | -74.5M | -42.9M | -78.3M | -163.5M |
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 | 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 | 149.3M | 801.4M | 831M | 886.8M | 914.3M | 924.7M | 1.1B | 1.1B | 1.2B | 1.2B | 1.3B |
| Receivables | 8.3M | 16.8M | 22.2M | 25.4M | 38.8M | 69.8M | 24.3M | 42.9M | 83.2M | 134.8M | 192.5M |
| Inventory | 24.1M | 29.6M | 28.6M | 24.4M | 43.2M | 51.1M | 58.6M | 51.7M | 59M | 60.2M | 113.8M |
| Total current assets | 185.8M | 854.4M | 891.2M | 945.6M | 1B | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B | 1.7B |
| Property, plant & equipment | 4.7M | 7.6M | 21.8M | 35.1M | 35.7M | 39.5M | 62.1M | 72.5M | 92M | 97.2M | 119.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | 175.4M | 183.1M |
| Total assets | 196.3M | 864.9M | 915.5M | 983.1M | 1.1B | 1.1B | 1.3B | 1.4B | 1.5B | 1.7B | 1.9B |
| Accounts payable | 6.3M | 11.5M | 14.6M | 18.6M | 26.9M | 29.5M | 31.6M | 25.8M | 42.4M | 55.8M | 53.9M |
| Short-term debt | 2.2M | 2.3M | 2.1M | — | 1.3M | — | — | — | 4.1M | — | — |
| Total current liabilities | 35.1M | 45.6M | 64.1M | 88M | 86.5M | 77.3M | 106.4M | 101M | 133M | 125M | 164.3M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 294M | 56.1M | 70.3M | 93.5M | 89.7M | 80.1M | 135.7M | 129.5M | 168.2M | 165.3M | 205.8M |
| Shareholders' equity | -97.7M | 808.8M | 845.3M | 889.6M | 964.8M | 1B | 1.1B | 1.3B | 1.4B | 1.5B | 1.7B |
| Total debt | 2.2M | 2.3M | 2.1M | — | 1.3M | — | — | — | 4.1M | — | — |
| Net debt | -42.9M | -693.7M | -418.9M | — | -78.3M | — | — | — | -163.5M | — | — |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -58.3M | -26.3M | -83.4M | 219.1M |
| Depreciation & amortization | 807K | 1.8M | 3.2M | 6.8M |
| Stock-based compensation | 30.2M | 10.7M | 234.6M | 160M |
| Change in working capital | -24.6M | -8.8M | -31.3M | -48M |
| Operating cash flow | -50.4M | -21.4M | 125.5M | 319.3M |
| Capital expenditure | -3.9M | -2.8M | -34.2M | — |
| Investing cash flow | -90.6M | -17.8M | -757.6M | -203.9M |
| Dividends paid | — | — | — | — |
| Share repurchases | -313K | -210K | -1.1M | 0 |
| Financing cash flow | 149.6M | -1.6M | 646.2M | 0 |
| Net change in cash | 8.5M | -40.7M | 14.1M | 115.4M |
| Free cash flow | -39.8M | -15.5M | 102.4M | 281.8M |
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 | -3.1M | 14.3M | -93M | -7.5M | -7.6M | 24.7M | 31.8M | 51.2M | 91.1M | 45M | 80.3M | 153.1M |
| Depreciation & amortization | 478K | 540K | 614K | 717K | 849K | 974K | 1.1M | 1.4M | 1.5M | 2.8M | 3.7M | 3.9M |
| Stock-based compensation | 2.7M | 3.3M | 97.8M | 43.1M | 45.5M | 48.2M | 42.4M | 35.5M | 40.7M | 41.4M | 48.9M | 64M |
| Change in working capital | -9.7M | -1.2M | -9.8M | -5.3M | 6.8M | -23M | -36.2M | 38.8M | -18.2M | -32.3M | -52.1M | -107.6M |
| Operating cash flow | -9.3M | 17.3M | -3.9M | 31.1M | 44.7M | 51.6M | 38.8M | 135.4M | 78.2M | 95.3M | 74.6M | 87.7M |
| Capital expenditure | -736K | -1M | -3.4M | 1.3M | -16.7M | -15.4M | -4.5M | — | — | — | — | — |
| Investing cash flow | -56.3M | -6M | -4.3M | -302.5M | -359.4M | -90M | -3.9M | -61.7M | -88.3M | -25.3M | -86.4M | -111.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | -1.3M | 650.3M | -3M | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Net change in cash | -65.5M | 10M | 642.2M | -274.4M | -314.7M | -38.4M | 34.9M | 73.7M | -10.1M | 69.9M | -11.8M | -23.4M |
| Free cash flow | -1.1M | 13.4M | 228K | 31.1M | 46.8M | 24.3M | 6M | 133.3M | 65.9M | 76.6M | 67M | 67.2M |