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 | $0.2 | $0.25 | +25.0% | — | $1.3B | — |
| Q1 26 | $0.09 | $0.12 | +33.3% | — | $1.2B | — |
| Q3 25 | -$0.01 | $0.1 | +1100.0% | — | $993.7M | — |
| Q2 25 | $0.01 | $0.14 | +1300.0% | — | $1B | — |
| Q1 25 | -$0.04 | $0.04 | +200.0% | — | $926.9M | — |
| Q4 24 | -$0.1 | -$0.06 | +40.0% | — | $701.2M | — |
| Q3 24 | -$0.08 | -$0.14 | -75.0% | — | $692.4M | — |
| Q2 24 | -$0.08 | -$0.03 | +62.5% | — | $681.3M | — |
| Q1 24 | -$0.16 | -$0.12 | +25.0% | — | $628.6M | — |
| Q4 23 | -$0.17 | -$0.16 | +5.9% | — | $465.4M | — |
| Q3 23 | -$0.18 | -$0.18 | 0.0% | — | $456.7M | — |
| Q2 23 | -$0.22 | -$0.15 | +31.8% | — | $462.4M | — |
| Q1 23 | -$0.25 | -$0.2 | +20.0% | — | $439.2M | — |
| Q4 22 | -$0.3 | -$0.31 | -3.3% | — | $361.8M | — |
| Q3 22 | -$0.25 | -$0.22 | +12.0% | — | $360.3M | — |
| Q2 22 | -$0.26 | -$0.06 | +76.9% | — | $366.5M | — |
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 | — | $0 | — | — | $3.9B | — |
| FY24 | — | -$0.67 | — | — | $2.7B | — |
| FY23 | — | -$0.79 | — | — | $1.8B | — |
| FY22 | — | -$0.83 | — | — | $1.4B | — |
| FY21 | — | -$1.14 |
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 |
|---|---|---|---|---|---|---|---|
| Revenue | $757M | $959.2M | $1.2B | $1.4B | $1.8B | $2.7B | $3.9B |
| YoY change | — | +26.7% | +21.7% | +22.8% | +27.2% | +48.3% | +46.1% |
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 |
|---|
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 |
|---|---|---|---|---|---|---|---|
| Revenue | 757M | 959.2M | 1.2B | 1.4B | 1.8B | 2.7B | 3.9B |
| Cost of revenue | 661.4M | 793M | 1B | 1.2B | 1.6B | 2.4B | 3.5B |
| Gross profit | 95.6M | 166.2M | 128.7M | 184.3M | 201M | 296.7M | 488.6M |
| Gross margin | 12.6% | 17.3% | 11% | 12.8% | 11% | 11% | 12.4% |
| Research & development | — | — | — | — | — | — | — |
| Selling, general & administrative | 110.1M | 156.4M | 291M | 295.6M | 307.4M | 371.4M | 443.4M |
| Operating expenses | 110.1M | 156.4M | 291M | 295.6M | 307.4M | 371.4M | 443.4M |
| Operating income | -29.5M | -5.3M | -178.1M | -128.6M | -127.8M | -101.6M | 14.8M |
| Operating margin | -3.9% | -0.55% | -15.2% | -8.97% | -7.01% | -3.76% | 0.37% |
| Non-operating income, net | -351K | -732K | 229K | -2.4M | 853K | -2.9M | 89K |
| Pretax income | -44.7M | -22.9M | -195.3M | -149.3M | -148.2M | -128.1M | -958K |
| Income tax | 0 | 0 | 0 | 339K | -22K | 21K | 20K |
| Net income | -44.7M | -22.9M | -195.3M | -149.6M | -148.2M | -128.1M | -978K |
| Net margin | -5.91% | -2.39% | -16.7% | -10.4% | -8.13% | -4.74% | -0.02% |
| EBITDA | -13.3M | 9.5M | -161.8M | -111.3M | -105.3M | -74.4M | 45.3M |
| EPS | -0.29 | -0.12 | -1.14 | -0.83 | -0.79 | -0.67 | 0 |
| Diluted EPS | -0.29 | -0.12 | -1.14 | -0.83 | -0.79 | -0.67 | 0 |
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 | 456.7M | 465.4M | 628.6M | 681.3M | 692.4M | 701.2M | 926.9M | 1B | 993.7M | 1B | 1.2B | 1.3B |
| Cost of revenue | 397.9M | 417.8M | 573.2M | 605.3M | 613.4M | 614.9M | 820.9M | 881.7M | 868M | 889.5M | 1.1B | 1.2B |
| Gross profit | 58.8M | 47.6M | 55.4M | 76M | 79M | 86.3M | 106M | 133.5M | 125.7M | 123.3M | 144.5M | 181M |
| Gross margin | 12.9% | 10.2% | 8.81% | 11.2% | 11.4% | 12.3% | 11.4% | 13.2% | 12.6% | 12.2% | 11.7% | 13.5% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 83.1M | 83.7M | 90.5M | 87.9M | 90.9M | 102.1M | 103.8M | 103.8M | 110M | 125.8M | 121.1M | 131M |
| Operating expenses | 83.1M | 83.7M | 90.5M | 87.9M | 90.9M | 102.1M | 103.8M | 103.8M | 110M | 125.8M | 121.1M | 131M |
| Operating income | -29.8M | -41.9M | -41.1M | -18.4M | -19.5M | -22.5M | -5.4M | 22.7M | 7.7M | -10.3M | 15.5M | 42.1M |
| Operating margin | -6.52% | -9.01% | -6.54% | -2.7% | -2.82% | -3.22% | -0.58% | 2.24% | 0.77% | -1.02% | 1.26% | 3.15% |
| Non-operating income, net | 145K | 142K | -42K | 92K | 22K | -3M | 10K | 79K | — | 0 | — | 1K |
| Pretax income | -35.1M | -47.3M | -46.6M | -24M | -26.4M | -31.1M | -9.3M | 18.9M | 3.7M | -14.2M | 11.4M | 37.8M |
| Income tax | 0 | -24K | 0 | 22K | -8K | 7K | 21K | 3.2M | 2K | -3.2M | 25K | 1.3M |
| Net income | -35.1M | -47.2M | -46.6M | -24M | -26.4M | -31.1M | -9.4M | 15.7M | 3.7M | -11M | 11.4M | 36.6M |
| Net margin | -7.68% | -10.1% | -7.41% | -3.52% | -3.82% | -4.43% | -1.01% | 1.54% | 0.38% | -1.09% | 0.92% | 2.74% |
| EBITDA | -24.1M | -35.9M | -35.1M | -11.8M | -11.8M | -18.8M | 2.2M | 29.9M | 15.7M | -2.5M | 23.4M | 50M |
| EPS | -0.19 | -0.25 | -0.25 | -0.13 | -0.14 | -0.16 | -0.05 | 0.08 | 0.02 | -0.05 | 0.06 | 0.18 |
| Diluted EPS | -0.19 | -0.25 | -0.25 | -0.13 | -0.14 | -0.16 | -0.05 | 0.07 | 0.02 | -0.05 | 0.05 | 0.17 |
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 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 1.6B |
| Enterprise value | — | — | — | — | — | — | — | 1.3B |
| Shares outstanding | 152.1M | 187.3M | 172M | 181.2M | 186.2M | 190.8M | 198M | 198M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 44.1 |
| P/S | — | — | — | — | — | — | — | 0.36 |
| P/B | — | — | — | — | — | — | — | 6.2 |
| EV/EBITDA | — | — | — | — | — | — | — | 14.6 |
| EV/Sales | — | — | — | — | — | — | — | 0.28 |
| Earnings yield | — | — | — | — | — | — | — | 2.27% |
| FCF yield | — | — | — | — | — | — | — | 11.5% |
| PEG | — | — | — | — | — | — | — | 0.35 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 12.6% | 17.3% | 11% | 12.8% | 11% | 11% | 12.4% | 13.5% |
| Operating margin | -3.9% | -0.55% | -15.2% | -8.97% | -7.01% | -3.76% | 0.37% | 3.15% |
| Net margin | -5.91% | -2.39% | -16.7% | -10.4% | -8.13% | -4.74% | -0.02% | 0.89% |
| ROE | 56.8% | -74.9% | -63.8% | -62.5% | -93.7% | -126.9% | -0.55% | 20% |
| ROA | -23.1% | -6.77% | -31% | -23.6% | -25% | -16.4% | -0.09% | 3.07% |
| ROIC | 108.2% | 23.6% | 6K% | 2.3K% | -1.3K% | 251.2% | -15.5% | -51.8% |
| Return on tangible assets | -36.2% | -8.52% | -34.8% | -27% | -29% | -18.2% | -0.1% | 3.38% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.98 | 1.72 | 3.31 | 2.37 | 1.84 | 1.88 | 1.71 | 1.7 |
| Quick ratio | 0.98 | 1.72 | 3.31 | 2.37 | 1.84 | 1.88 | 1.71 | 1.7 |
| Debt / equity | -1.75 | 5.05 | 0.51 | 0.69 | 1.08 | 3.26 | 1.84 | 1.25 |
| Debt / assets | 0.71 | 0.46 | 0.25 | 0.26 | 0.29 | 0.42 | 0.31 | 0.26 |
| Net debt / EBITDA | -3.88 | -5.59 | 1.91 | 2.2 | 1.41 | 1.9 | -6.06 | -4.29 |
| Interest coverage | -2 | -0.35 | -10.2 | -7.16 | -5.98 | -4.44 | 0.94 | 3.39 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 4.98 | 5.12 | 6.79 | 7.91 | 9.79 | 14.2 | 19.9 | 22.5 |
| EPS (basic) | -0.29 | -0.12 | -1.14 | -0.83 | -0.79 | -0.67 | 0 | 0 |
| EPS (diluted) | -0.29 | -0.12 | -1.14 | -0.83 | -0.79 | -0.67 | 0 | 0.18 |
| Book value per share | -0.52 | 0.16 | 1.78 | 1.32 | 0.85 | 0.53 | 0.91 | 1.28 |
| FCF per share | -0.01 | -0.04 | -0.56 | -0.38 | -0.51 | -0.03 | 0.57 | 0.83 |
| Cash per share | 0.57 | 1.11 | 2.71 | 2.26 | 1.71 | 2.47 | 3.05 | 3.38 |
| Capex per share | 0.07 | 0.08 | 0.11 | 0.13 | 0.19 | 0.22 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.35% | 1.63% | 1.57% | 1.66% | 1.97% | 1.53% | — | — |
| Capex / operating cash flow | -38.6% | 130.4% | -22.7% | -37.1% | -36.7% | -64.7% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $1.2B |
| — |
| FY20 | — | -$0.12 | — | — | $959.2M | — |
| FY19 | — | -$0.29 | — | — | $757M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $456.7M | $465.4M | $628.6M | $681.3M | $692.4M | $701.2M | $926.9M | $1B | $993.7M | $1B | $1.2B | $1.3B |
| YoY change | +26.7% | +28.6% | +43.1% | +47.3% | +51.6% | +50.7% | +47.5% | +49% | +43.5% | +44.4% | +33.3% | +31.6% |
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 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 86.5M | 207.3M | 466.6M | 409.5M | 318.8M | 470.6M | 604.2M |
| Receivables | 35.6M | 40.1M | 58.5M | 92.9M | 119.7M | 153.9M | 253.2M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 127.4M | 264.7M | 552.9M | 544.5M | 483.5M | 661.6M | 951.6M |
| Property, plant & equipment | 27.4M | 37M | 38.2M | 43M | 61.9M | 75M | 71.3M |
| Goodwill & intangibles | 69.9M | 69.3M | 70.2M | 80.6M | 80.2M | 78.8M | 73.2M |
| Total assets | 193.4M | 338.5M | 630.9M | 633.9M | 591.9M | 782.1M | 1.1B |
| Accounts payable | 117.7M | 128.3M | 17.4M | 171.9M | 170.1M | 242.5M | 415.7M |
| Short-term debt | — | — | — | — | — | — | — |
| Total current liabilities | 130.3M | 153.5M | 167.2M | 230M | 263M | 351.8M | 556.9M |
| Long-term debt | 138M | 154.4M | 157.6M | 164.6M | 170.8M | 329.3M | 329.6M |
| Total liabilities | 272.2M | 307.9M | 324.8M | 394.6M | 433.8M | 681.1M | 886.5M |
| Shareholders' equity | -78.7M | 30.6M | 306.1M | 239.3M | 158.1M | 101M | 179.3M |
| Total debt | 138M | 154.4M | 157.6M | 164.6M | 170.8M | 329.3M | 329.6M |
| Net debt | 51.5M | -52.9M | -309M | -244.9M | -32.1M | -103.6M | -246.2M |
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 | 515.6M | 318.8M | 301.7M | 363.7M | 381M | 470.6M | 479.5M | 503.8M | 644.1M | 604.2M | 726.3M | 701.7M |
| Receivables | 105.5M | 119.7M | 165.1M | 183.2M | 138.9M | 153.9M | 214.1M | 282.9M | 219.8M | 253.2M | 277.7M | 296.9M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 667M | 483.5M | 520.6M | 599.1M | 573.6M | 661.6M | 774.5M | 880.1M | 985.3M | 951.6M | 1.1B | 1.2B |
| Property, plant & equipment | 57.6M | 61.9M | 65.8M | 70.5M | 72.8M | 75M | 76.3M | 77.1M | 74.4M | 71.3M | 70.9M | 73.5M |
| Goodwill & intangibles | 80.2M | 80.2M | 80.1M | 80.1M | 78.8M | 78.8M | 77.5M | 73.2M | 73.2M | 73.2M | 73.2M | 73.2M |
| Total assets | 770.8M | 591.9M | 633.2M | 716.3M | 692.3M | 782.1M | 895.6M | 1B | 1.1B | 1.1B | 1.3B | 1.3B |
| Accounts payable | 228.8M | 170.1M | 223.9M | 249M | 225.8M | 242.5M | 308.7M | 361.4M | 406.7M | 415.7M | 494.4M | 413.8M |
| Short-term debt | — | — | — | — | 1.6M | — | — | — | — | — | — | — |
| Total current liabilities | 410.3M | 263M | 330.7M | 371.5M | 358.1M | 351.8M | 457.1M | 529.5M | 611.1M | 556.9M | 724.8M | 683.4M |
| Long-term debt | 170.9M | 170.8M | 170.5M | 219.9M | 218.6M | 329.3M | 329.5M | 329.7M | 329.7M | 329.6M | 330M | 330.5M |
| Total liabilities | 581.2M | 433.8M | 501.2M | 591.5M | 576.7M | 681.1M | 786.6M | 859.2M | 940.7M | 886.5M | 1.1B | 1B |
| Shareholders' equity | 189.6M | 158.1M | 132M | 124.8M | 115.6M | 101M | 109M | 141M | 161.9M | 179.3M | 206.9M | 265.1M |
| Total debt | 170.9M | 170.8M | 170.5M | 219.9M | 220.2M | 329.3M | 329.5M | 329.7M | 329.7M | 329.6M | 330M | 330.5M |
| Net debt | -220.7M | -32.1M | -68.4M | -119.1M | -120.1M | -103.6M | -116.7M | -140.6M | -288.4M | -246.2M | -375.6M | -363M |
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 |
|---|---|---|---|---|---|---|---|
| Net income | -44.7M | -22.9M | -195.3M | -149.6M | -148.2M | -128.1M | -978K |
| Depreciation & amortization | 16.6M | 15.5M | 16M | 17.5M | 21.7M | 27.1M | 30.5M |
| Stock-based compensation | 1.2M | 2.1M | 110.6M | 81.7M | 66.8M | 71.1M | 62.1M |
| Change in working capital | -4.9M | 8.8M | -21.6M | -21.3M | -36.9M | -37.2M | -91.3M |
| Operating cash flow | -26.5M | 12M | -81.1M | -64.2M | -98M | -64M | 139.9M |
| Capital expenditure | -10.2M | -15.6M | -18.4M | -23.8M | -36M | -41.4M | — |
| Investing cash flow | -10.2M | -16.4M | -20.8M | -28.2M | -147.3M | 39.2M | 11.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -2M | -1.5M | -1.5M | 0 | 0 | — | — |
| Financing cash flow | 52.7M | 130.1M | 360.1M | 16.6M | 105K | 155.9M | -26K |
| Net change in cash | 15.9M | 125.7M | 258.3M | -75.8M | -245.1M | 131M | 151.6M |
| Free cash flow | -1M | -8.1M | -97.1M | -69.2M | -95.2M | -6.6M | 113.1M |
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 | -35.1M | -47.2M | -46.6M | -24M | -26.4M | -31.1M | -9.4M | 15.7M | 3.7M | -11M | 11.4M | 36.6M |
| Depreciation & amortization | 5.6M | 5.9M | 6M | 6.5M | 7.7M | 6.8M | 7.6M | 7M | 8M | 7.8M | 7.9M | 7.9M |
| Stock-based compensation | 13.6M | 15.7M | 20.9M | 16.8M | 17.3M | 16.2M | 17.2M | 15.6M | 16.2M | 13.1M | 14M | 18.2M |
| Change in working capital | -13.9M | -16.9M | -46.2M | -17.6M | 45.9M | -19.4M | -54.9M | -65.9M | 64.3M | -35M | -24.7M | -21.6M |
| Operating cash flow | -29.2M | -46.6M | -64.9M | -17.8M | 45.2M | -26.7M | -38.6M | 29.1M | 144.6M | -50.4M | 128.7M | -17.3M |
| Capital expenditure | -9.6M | -10.6M | -11.1M | -11.7M | -9.3M | -9.3M | -8.3M | — | — | — | — | — |
| Investing cash flow | -9.6M | -1M | 42.7M | 27M | -24.6M | -5.9M | -3.5M | 199K | 7.8M | -2.1M | 7.9M | 12.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 45K | -335K | -512K | 0 | 321.7M | -26K | 0 | 0 | 0 | -1.7M | -739K |
| Net change in cash | -38.8M | -47.6M | -22.5M | 8.7M | 20.7M | 289.1M | -42.1M | 29.3M | 152.4M | -52.5M | 135M | -5.5M |
| Free cash flow | -3.6M | -198.1M | -17.4M | 11.8M | 16.9M | -18M | 8.4M | 21.1M | 139.1M | -55.4M | 121.3M | -27.5M |