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 | $0.16 | $0.16 | 0.0% | — | $129.8M | — |
| Q1 26 | $0.18 | $0.17 | -5.6% | — | $126.1M | — |
| Q4 25 | $0.14 | $0.09 | -35.7% | — | $120.8M | — |
| Q3 25 | $0.12 | $0.13 | +8.3% | — | $113M | — |
| Q2 25 | $0.08 | $0.07 | -12.5% | — | $112.1M | — |
| Q1 25 | $0.09 | $0.06 | -33.3% | — | $97.8M | — |
| Q4 24 | $0.08 | $0.11 | +37.5% | — | $89.7M | — |
| Q3 24 | $0.06 | $0.09 | +50.0% | — | $85.9M | — |
| Q2 24 | $0.03 | $0.05 | +66.7% | — | $82.2M | — |
| Q1 24 | $0.02 | $0.05 | +150.0% | — | $76.1M | — |
| Q4 23 | $0.02 | $0.02 | 0.0% | — | $71.4M | — |
| Q2 23 | -$0.05 | -$0.03 | +40.0% | — | $65.8M | — |
| Q1 23 | -$0.06 | -$0.03 | +50.0% | — | $60M | — |
| Q4 22 | -$0.07 | -$0.05 | +28.6% | — | $55.5M | — |
| Q3 22 | -$0.07 | -$0.06 | +14.3% | — | $53.4M | — |
| Q2 22 | -$0.08 | -$0.07 | +12.5% | — | $50.5M | — |
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 | — | -$0.46 | — | — | $443.6M | — |
| FY24 | — | -$0.41 | — | — | $333.8M | — |
| FY23 | — | -$0.67 | — | — | $264.8M | — |
| FY22 | — | -$0.64 | — | — | $204.3M | — |
| FY21 | — |
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 | $73.5M | $112.1M | $152.2M | $204.3M | $264.8M | $333.8M | $443.6M |
| YoY change | — | +52.5% | +35.7% | +34.2% | +29.6% | +26.1% | +32.9% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 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 | 73.5M | 112.1M | 152.2M | 204.3M | 264.8M | 333.8M | 443.6M |
| Cost of revenue | 43.1M | 53M | 68.4M | 95.9M | 120.7M | 137.2M | 187M |
| Gross profit | 30.4M | 59.2M | 83.8M | 108.3M | 144.1M | 196.6M | 256.6M |
| Gross margin | 41.4% | 52.8% | 55.1% | 53% | 54.4% | 58.9% | 57.8% |
| Research & development | 32.7M | 40.2M | 48.8M | 69.3M | 84.7M | 96.2M | 118.4M |
| Selling, general & administrative | 40.2M | 53.1M | 74.6M | 108.1M | 121.5M | 143.4M | 181M |
| Operating expenses | 73M | 93.3M | 123.4M | 177.4M | 206.1M | 239.6M | 299.4M |
| Operating income | -42.5M | -34.3M | -39.9M | -70.2M | -63.4M | -44.4M | -48.5M |
| Operating margin | -57.8% | -30.6% | -26.2% | -34.4% | -24% | -13.3% | -10.9% |
| Non-operating income, net | 509K | -16.7M | -6M | 12.3M | -138K | -195K | -5.1M |
| Pretax income | -41.9M | -51.4M | -46.6M | -59.1M | -62.9M | -40.5M | -59M |
| Income tax | 0 | 0 | 172K | -461K | 44K | 308K | -11.3M |
| Net income | -41.9M | -51.4M | -46.8M | -58.6M | -62.9M | -40.8M | -47.7M |
| Net margin | -56.9% | -45.8% | -30.8% | -28.7% | -23.8% | -12.2% | -10.7% |
| EBITDA | -40M | -31.4M | -36M | -59.4M | -44.7M | -29.4M | -17.4M |
| EPS | -0.52 | -0.68 | -0.73 | -0.64 | -0.67 | -0.41 | -0.46 |
| Diluted EPS | -0.52 | -0.68 | -0.73 | -0.64 | -0.67 | -0.41 | -0.46 |
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 | 67.7M | 71.4M | 76.1M | 82.2M | 85.9M | 89.7M | 97.8M | 112.1M | 113M | 120.8M | 126.1M | 129.8M |
| Cost of revenue | 31.2M | 31.4M | 32.1M | 33.4M | 35.3M | 36.4M | 40.1M | 46.4M | 48.8M | 51.7M | 52.3M | 56M |
| Gross profit | 36.5M | 39.9M | 44M | 48.8M | 50.6M | 53.2M | 57.8M | 65.6M | 64.1M | 69.1M | 73.9M | 73.8M |
| Gross margin | 54% | 56% | 57.8% | 59.4% | 58.9% | 59.3% | 59% | 58.6% | 56.8% | 57.2% | 58.6% | 56.8% |
| Research & development | 21.8M | 21.5M | 22.8M | 23.9M | 24.1M | 25.3M | 26.9M | 30.2M | 30.1M | 31.2M | 31M | 31.4M |
| Selling, general & administrative | 30.2M | 31.2M | 33.2M | 37.6M | 36.6M | 36.1M | 41.7M | 49M | 45M | 45.4M | 46.9M | 48.4M |
| Operating expenses | 52M | 52.6M | 56M | 61.5M | 60.7M | 61.5M | 68.6M | 79.3M | 75.1M | 76.5M | 77.9M | 79.8M |
| Operating income | -15.8M | -13.1M | -12.3M | -13.1M | -10.4M | -8.6M | -11.4M | -15.3M | -12.6M | -9.2M | -5.7M | -7.7M |
| Operating margin | -23.3% | -18.3% | -16.2% | -15.9% | -12.1% | -9.62% | -11.6% | -13.7% | -11.2% | -7.59% | -4.52% | -5.93% |
| Non-operating income, net | 201K | -339K | 52K | -247K | — | 0 | -4M | -513K | -247K | -325K | — | — |
| Pretax income | -15.4M | -13M | -11.2M | -12.1M | -9.5M | -7.7M | -15.1M | -17.9M | -14.8M | -11.1M | -7.2M | -9.1M |
| Income tax | 39K | -279K | 189K | 185K | -19K | -47K | -7.3M | -4.3M | -29K | 300K | 2.8M | -212K |
| Net income | -15.5M | -12.7M | -11.4M | -12.3M | -9.4M | -7.6M | -7.8M | -13.6M | -14.8M | -11.4M | -10M | -8.9M |
| Net margin | -22.9% | -17.8% | -15% | -15% | -11% | -8.52% | -7.99% | -12.1% | -13.1% | -9.47% | -7.9% | -6.85% |
| EBITDA | -11M | -8M | -8.7M | -9.2M | -6.6M | -4.9M | -6.8M | -6.4M | -3.7M | -440K | 3.2M | 1.3M |
| EPS | -0.16 | -0.13 | -0.12 | -0.13 | -0.09 | -0.08 | -0.08 | -0.13 | -0.14 | -0.11 | -0.09 | -0.08 |
| Diluted EPS | -0.16 | -0.13 | -0.12 | -0.13 | -0.09 | -0.08 | -0.08 | -0.13 | -0.14 | -0.11 | -0.09 | -0.08 |
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 | — | — | — | — | 2.3B | 3.6B | 2.4B | 1.4B |
| Enterprise value | — | — | — | — | 2.2B | 3.5B | 2.7B | 1.7B |
| Shares outstanding | 83.1M | 83.1M | 64.5M | 91M | 94.1M | 98.9M | 103.9M | 103.9M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -29.1 |
| P/S | — | — | — | — | 8.61 | 10.9 | 5.4 | 2.92 |
| P/B | — | — | — | — | 7.02 | 10.2 | 6.62 | 3.95 |
| EV/EBITDA | — | — | — | — | -49.4 | -120.2 | -152.8 | -77.2 |
| EV/Sales | — | — | — | — | 8.34 | 10.6 | 6.01 | 3.49 |
| Earnings yield | — | — | — | — | — | — | — | -3.43% |
| FCF yield | — | — | — | — | -1.04% | 0.3% | 1.43% | 5.79% |
| PEG | — | — | — | — | — | — | — | 0.76 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 41.4% | 52.8% | 55.1% | 53% | 54.4% | 58.9% | 57.8% | 56.8% |
| Operating margin | -57.8% | -30.6% | -26.2% | -34.4% | -24% | -13.3% | -10.9% | -5.81% |
| Net margin | -56.9% | -45.8% | -30.8% | -28.7% | -23.8% | -12.2% | -10.7% | -9.21% |
| ROE | -285.9% | -28.6% | -13.6% | -17.5% | -19.4% | -11.4% | -13.2% | -12.8% |
| ROA | -79.4% | -20.6% | -10.7% | -12% | -15.7% | -9.34% | -5.62% | -2.59% |
| ROIC | -1.6K% | -90.6% | -65.8% | -29% | -25.2% | -17.1% | -7.68% | -5.5% |
| Return on tangible assets | -79.5% | -25.7% | -14.7% | -54.4% | -195.9% | -49.1% | 15.2% | 16.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.54 | 9.43 | 10.4 | 5.82 | 3.77 | 3.98 | 2.09 | 2.13 |
| Quick ratio | 1.54 | 9.43 | 10.4 | 5.82 | 3.77 | 3.98 | 2.09 | 2.13 |
| Debt / equity | 0 | 0.14 | 0.07 | 0.31 | 0.06 | 0.05 | 1.02 | 0.99 |
| Debt / assets | 0 | 0.1 | 0.06 | 0.21 | 0.05 | 0.04 | 0.44 | 0.43 |
| Net debt / EBITDA | 0.3 | 4.51 | 7.89 | 1.55 | 1.63 | 3.31 | -15.4 | 1K |
| Interest coverage | -379.6 | -104 | -38.3 | -14.3 | -7.51 | -86.9 | -5.22 | -3.29 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.88 | 1.35 | 2.36 | 2.25 | 2.81 | 3.38 | 4.27 | 4.63 |
| EPS (basic) | -0.52 | -0.68 | -0.73 | -0.64 | -0.67 | -0.41 | -0.46 | -0.46 |
| EPS (diluted) | -0.52 | -0.68 | -0.73 | -0.64 | -0.67 | -0.41 | -0.46 | -0.42 |
| Book value per share | 0.18 | 2.16 | 5.34 | 3.67 | 3.45 | 3.61 | 3.48 | 3.39 |
| FCF per share | -0.51 | -0.48 | -0.51 | -0.47 | -0.25 | 0.11 | 0.33 | 0.52 |
| Cash per share | 0.14 | 2.01 | 4.78 | 2.16 | 0.98 | 1.17 | 0.95 | 0.76 |
| Capex per share | 0.04 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.07 | 0.07 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 5.02% | 1.91% | 0.74% | 0.52% | 0.4% | 0.36% | 1.61% | 1.63% |
| Capex / operating cash flow | -8.9% | -4.07% | -2.86% | -3.14% | -5.91% | 6.21% | 16.7% | 12.4% |
| Payout ratio | 0% | 0% | -10.6% | 0% | 0% | — | — | 0% |
| Dividend yield | — | — | — | — | 0% | — | — | — |
| -$0.73 |
| — |
| — |
| $152.2M |
| — |
| FY20 | — | -$0.68 | — | — | $112.1M | — |
| FY19 | — | -$0.52 | — | — | $73.5M | — |
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $67.7M | $71.4M | $76.1M | $82.2M | $85.9M | $89.7M | $97.8M | $112.1M | $113M | $120.8M | $126.1M | $129.8M |
| YoY change | +26.8% | +28.5% | +26.9% | +24.9% | +26.9% | +25.6% | +28.5% | +36.4% | +31.5% | +34.7% | +28.9% | +15.9% |
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 | 12M | 166.8M | 308.6M | 196.4M | 92.1M | 115.7M | 99.1M |
| Receivables | 8.7M | 11.8M | 16M | 21.7M | 30.1M | 32.9M | 44.1M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 28.3M | 193.2M | 345.2M | 242.2M | 148.6M | 181.4M | 187.2M |
| Property, plant & equipment | 11.3M | 10.5M | 11.8M | 28.2M | 32.7M | 36.6M | 22.2M |
| Goodwill & intangibles | 50K | 49M | 118.5M | 381.2M | 367.7M | 354.1M | 1.2B |
| Total assets | 52.7M | 249.2M | 436.5M | 488.9M | 399.8M | 437.3M | 847.2M |
| Accounts payable | 354K | 360K | 3.6M | 4.3M | 7.5M | 6.1M | 5.8M |
| Short-term debt | 11K | 313K | 1.6M | 6.8M | 1.2M | 1.3M | 1.6M |
| Total current liabilities | 18.4M | 20.5M | 33.2M | 41.6M | 39.4M | 45.6M | 89.5M |
| Long-term debt | — | 24.6M | 23.1M | 97.2M | 18.1M | 17.1M | 367M |
| Total liabilities | 38.1M | 69.4M | 91.9M | 154.8M | 74.9M | 80.2M | 485.2M |
| Shareholders' equity | 14.6M | 179.7M | 344.6M | 334M | 324.9M | 357M | 362M |
| Total debt | 11K | 24.9M | 24.6M | 104.1M | 19.3M | 18.5M | 368.5M |
| Net debt | -12M | -141.9M | -284M | -4.7M | -21.7M | -75.9M | 305.1M |
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 | 178.2M | 92.1M | 87.3M | 87.4M | 101M | 115.7M | 95.3M | 87.1M | 90.9M | 99.1M | 77.6M | 81M |
| Receivables | 26.2M | 30.1M | 29M | 31.7M | 33.9M | 32.9M | 36.2M | 41.3M | 44M | 44.1M | 44.3M | 49.7M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 232.7M | 148.6M | 145.6M | 152M | 169M | 181.4M | 174.2M | 177.8M | 174.9M | 187.2M | 169.5M | 177.5M |
| Property, plant & equipment | 32.3M | 32.7M | 33.7M | 34.7M | 35.9M | 36.6M | 37.6M | 38.4M | 39.3M | 22.2M | 45.7M | 45.8M |
| Goodwill & intangibles | 371.1M | 367.7M | 364.3M | 360.9M | 357.5M | 354.1M | 1.2B | 1.2B | 1.1B | 1.2B | 1.1B | 1.1B |
| Total assets | 482.2M | 399.8M | 397.6M | 403.9M | 422.2M | 437.3M | 837.2M | 840.4M | 835.2M | 847.2M | 829.3M | 831.1M |
| Accounts payable | 5.7M | 7.5M | 6.5M | 5.8M | 5.6M | 6.1M | 5.2M | 6.7M | 7.3M | 5.8M | 4M | 12.3M |
| Short-term debt | 7.9M | 1.2M | 1.2M | 1.3M | 1.3M | 1.3M | 1.6M | 1.6M | 1.6M | 1.6M | 2.2M | 2.2M |
| Total current liabilities | 49.2M | 39.4M | 37.2M | 40.5M | 48M | 45.6M | 63.3M | 66.4M | 80.6M | 89.5M | 73.8M | 83.2M |
| Long-term debt | 94.4M | 18.1M | 18.1M | 17.7M | 17.4M | 17.1M | 411.6M | 401.7M | 376.9M | 367M | 356M | 356M |
| Total liabilities | 160.5M | 74.9M | 74.7M | 76.7M | 83.7M | 80.2M | 503.1M | 496.4M | 485.1M | 485.2M | 458.7M | 468.4M |
| Shareholders' equity | 321.7M | 324.9M | 322.9M | 327.2M | 338.5M | 357M | 334M | 344M | 350.1M | 362M | 370.7M | 362.7M |
| Total debt | 102.3M | 19.3M | 19.3M | 19M | 18.7M | 18.5M | 413.2M | 403.3M | 378.4M | 368.5M | 358.2M | 358.2M |
| Net debt | 25.9M | -21.7M | -24.9M | -42.4M | -62.3M | -75.9M | 351.5M | 350.9M | 321.1M | 305.1M | 317.8M | 312.6M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -41.9M | -51.4M | -46.8M | -58.6M | -62.9M | -40.8M | -47.7M |
| Depreciation & amortization | 2.2M | 2.8M | 3.4M | 8.1M | 10.6M | 10.5M | 26.9M |
| Stock-based compensation | 1.3M | 2M | 14.5M | 44.6M | 51.2M | 59.4M | 76.2M |
| Change in working capital | -3.1M | -6.2M | -10.5M | -11.3M | -13.3M | -9.1M | -13.9M |
| Operating cash flow | -41.4M | -52.8M | -39.2M | -33.7M | -17.9M | 19.2M | 42.9M |
| Capital expenditure | -3.7M | -2.1M | -1.1M | -1.1M | -1.1M | -1.2M | -7.1M |
| Investing cash flow | -3.7M | -27.2M | -19.4M | -220.4M | 39.1M | 29.7M | -396.1M |
| Dividends paid | 0 | 0 | -5M | 0 | 0 | — | — |
| Share repurchases | 0 | -14.5M | -3.5M | 0 | 0 | — | — |
| Financing cash flow | 29.9M | 210.1M | 179.5M | 55.9M | -104.9M | -13.2M | 269.7M |
| Net change in cash | -15.3M | 130M | 120.9M | -198.2M | -83.7M | 35.8M | -83.4M |
| Free cash flow | -42.8M | -40.3M | -32.7M | -42.5M | -23.8M | 10.7M | 34.2M |
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 | -15.5M | -12.7M | -11.4M | -12.3M | -9.4M | -7.6M | -7.8M | -13.6M | -14.8M | -11.4M | -10M | -8.9M |
| Depreciation & amortization | 2.7M | 2.8M | 2.6M | 2.6M | 2.7M | 2.7M | 3.4M | 7.8M | 7.9M | 7.9M | 8.1M | 8.3M |
| Stock-based compensation | 13.5M | 13.3M | 13.6M | 15M | 15.3M | 15.6M | 16.1M | 19.5M | 20.7M | 19.9M | 17.3M | 17.5M |
| Change in working capital | -2.8M | -5.6M | 2.1M | -5.5M | -5.6M | -118K | -3.2M | -5M | -3.6M | -2.1M | -1.7M | -6.9M |
| Operating cash flow | -3.2M | -3.5M | 6.6M | -627K | 2.8M | 10.5M | 99K | 5.3M | 30.8M | 16.6M | -4.8M | 22M |
| Capital expenditure | -357K | -284K | -306K | -425K | -305K | -159K | -485K | -397K | -2M | -1.9M | -2.2M | -1.9M |
| Investing cash flow | -15.1M | 51.7M | 8.2M | 17.1M | 5.8M | -1.4M | -388M | -1.2M | -830K | -3.7M | -3.8M | 34K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -5.3M | -90.4M | -5.7M | -7.1M | -388K | 0 | 360.9M | -11.1M | -25M | -70M | -15M | 0 |
| Net change in cash | -23.6M | -42.3M | 9.1M | 9.4M | 8.2M | 9.1M | -27M | -7M | 5M | -57.1M | -23.6M | 22.1M |
| Free cash flow | 1.6M | -7M | -718K | -1.5M | 8.7M | 4.3M | -7.6M | -1M | 28.5M | 14.3M | -7.4M | 19.8M |