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 | $2.14 | $1.84 | -14.0% | — | $1.3B | — |
| Q1 26 | $1.47 | $1.99 | +35.4% | — | $1.2B | — |
| Q4 25 | $1.5 | $1.25 | -16.7% | — | $1.1B | — |
| Q3 25 | $1.75 | $2.9 | +65.7% | — | $1.2B | — |
| Q2 25 | $0.15 | $0.32 | +113.3% | — | $773.7M | — |
| Q1 25 | -$0.37 | -$0.01 | +97.3% | — | $594.2M | — |
| Q4 24 | -$0.14 | $0.06 | +142.9% | — | $593.2M | — |
| Q3 24 | -$0.39 | -$0.5 | -28.2% | — | $500.9M | — |
| Q2 24 | -$0.69 | $0.56 | +181.2% | — | $659.8M | — |
| Q1 24 | -$0.63 | -$0.16 | +74.6% | — | $494.3M | — |
| Q4 23 | -$0.77 | -$0.77 | 0.0% | — | $439.7M | — |
| Q3 23 | -$0.96 | $1.74 | +281.3% | — | $750.5M | — |
| Q2 23 | -$1.34 | -$1.62 | -20.9% | — | $318.8M | — |
| Q1 23 | -$1.43 | -$1.06 | +25.9% | — | $319.3M | — |
| Q4 22 | -$1.48 | -$1.39 | +6.1% | — | $335M | — |
| Q3 22 | -$1.38 | -$1.58 | -14.5% | — | $264.3M | — |
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 | — | $2.39 | — | — | $3.7B | — |
| FY24 | — | -$2.18 | — | — | $2.2B | — |
| FY23 | — | -$3.52 | — | — | $1.8B | — |
| FY22 | — | -$9.3 | — | — | $1B |
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 | $47.2M | $89.9M | $74.9M | $219.8M | $492.9M | $844.3M | $1B | $1.8B | $2.2B | $3.7B |
| YoY change | +14.8% | +90.7% | -16.7% | +193.4% | +124.3% | +71.3% | +22.9% | +76.2% | +23% | +65.2% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 47.2M | 89.9M | 74.9M | 219.8M | 492.9M | 844.3M | 1B | 1.8B | 2.2B | 3.7B |
| Cost of revenue | 0 | 0 | 1.8M | 25.1M | 78.1M | 140.1M | 168.8M | 310.4M | 323.4M | 681.9M |
| Gross profit | 47.2M | 89.9M | 73.1M | 194.7M | 414.8M | 704.1M | 868.6M | 1.5B | 1.9B | 3B |
| Gross margin | 100% | 100% | 97.6% | 88.6% | 84.2% | 83.4% | 83.7% | 83% | 85.6% | 81.6% |
| Research & development | 382.4M | 390.6M | 505.4M | 655.1M | 654.8M | 792.2M | 883M | 1B | 1.1B | 1.3B |
| Selling, general & administrative | 89.4M | 199.4M | 382.4M | 479M | 588.4M | 620.6M | 770.7M | 795.6M | 975.5M | 1.2B |
| Operating expenses | 471.7M | 590M | 887.8M | 1.1B | 1.2B | 1.4B | 1.7B | 1.8B | 2.1B | 2.5B |
| Operating income | -424.6M | -500.1M | -814.7M | -939.4M | -828.4M | -708.7M | -785.1M | -282.2M | -176.9M | 501.6M |
| Operating margin | -900.3% | -556.2% | -1.1K% | -427.5% | -168.1% | -83.9% | -75.7% | -15.4% | -7.87% | 13.5% |
| Non-operating income, net | 6.2M | -3M | 24.7M | 20.7M | 45.5M | -2M | -210.8M | -125.7M | -180.6M | -37.3M |
| Pretax income | -410.1M | -490.9M | -760.7M | -885.3M | -855.6M | -852.1M | -1.1B | -433.5M | -377.4M | 323.2M |
| Income tax | 0 | 0 | 823K | 863K | 2.7M | 680K | 4.2M | 6.7M | -99.2M | 9.4M |
| Net income | -410.1M | -490.9M | -761.5M | -886.1M | -858.3M | -852.8M | -1.1B | -440.2M | -278.2M | 313.7M |
| Net margin | -869.6% | -545.9% | -1K% | -403.2% | -174.1% | -101% | -109% | -24.1% | -12.4% | 8.45% |
| EBITDA | -409.5M | -488.2M | -769.6M | -842.2M | -733.5M | -636.7M | -680.9M | -107.3M | -5.1M | 676.2M |
| EPS | -4.79 | -5.42 | -7.57 | -8.11 | -7.46 | -7.2 | -9.3 | -3.52 | -2.18 | 2.39 |
| Diluted EPS | -4.79 | -5.42 | -7.57 | -8.11 | -7.46 | -7.2 | -9.3 | -3.52 | -2.18 | 2.33 |
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 | 750.5M | 439.7M | 494.3M | 659.8M | 500.9M | 593.2M | 594.2M | 773.7M | 1.2B | 1.1B | 1.2B | 1.3B |
| Cost of revenue | 84.3M | 85.9M | 66M | 68.7M | 85.9M | 102.8M | 71M | 143M | 200.2M | 267.7M | 211.1M | 298.5M |
| Gross profit | 666.2M | 353.9M | 428.4M | 591.2M | 415M | 490.3M | 523.1M | 630.7M | 1B | 829.3M | 956.1M | 992.5M |
| Gross margin | 88.8% | 80.5% | 86.7% | 89.6% | 82.9% | 82.7% | 88% | 81.5% | 84% | 75.6% | 81.9% | 76.9% |
| Research & development | 253.2M | 272.1M | 261M | 294.1M | 270.9M | 300.2M | 265.1M | 323.6M | 358.8M | 372.2M | 364.9M | 413.1M |
| Selling, general & administrative | 199.2M | 198.1M | 210.8M | 248.4M | 221M | 295.3M | 239.9M | 323.3M | 322.1M | 325.4M | 322.6M | 347.9M |
| Operating expenses | 452.4M | 470.3M | 471.8M | 542.5M | 491.9M | 595.5M | 505.1M | 646.9M | 680.9M | 697.6M | 687.4M | 761.1M |
| Operating income | 213.9M | -116.4M | -43.4M | 48.6M | -76.9M | -105.2M | 18.1M | -16.2M | 368M | 131.7M | 268.6M | 231.4M |
| Operating margin | 28.5% | -26.5% | -8.79% | 7.37% | -15.4% | -17.7% | 3.04% | -2.09% | 29.5% | 12% | 23% | 17.9% |
| Non-operating income, net | -57.7M | -20.4M | -14.5M | -55.7M | -29.5M | -80.8M | -49.7M | -6.4M | -113.3M | 132.1M | -4.3M | 273K |
| Pretax income | 150.7M | -137.7M | -63.6M | -11.2M | -108.7M | -194M | -41.6M | -35.4M | 239M | 161.1M | 221.7M | 177.8M |
| Income tax | 3M | 183K | 2.3M | 5.7M | 2.9M | -110.2M | 15.9M | 30.9M | -12.1M | -25.3M | 15.7M | 13.3M |
| Net income | 147.8M | -137.9M | -65.9M | -16.9M | -111.6M | -83.8M | -57.5M | -66.3M | 251.1M | 186.4M | 206M | 164.5M |
| Net margin | 19.7% | -31.4% | -13.3% | -2.56% | -22.3% | -14.1% | -9.67% | -8.57% | 20.1% | 17% | 17.6% | 12.7% |
| EBITDA | 253.2M | -60M | 5.7M | 115.8M | 12.2M | -84.5M | 71.3M | 35.4M | 401M | 168.5M | 304.5M | 273.8M |
| EPS | 1.18 | -1.1 | -0.52 | -0.13 | -0.87 | — | -0.44 | -0.51 | 1.91 | 0.84 | 1.55 | 1.23 |
| Diluted EPS | 1.15 | -1.1 | -0.52 | -0.13 | -0.87 | — | -0.44 | -0.51 | 1.84 | 0.82 | 1.51 | 1.21 |
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 | 3.2B | 11.5B | — | 12.6B | 14.9B | 20.1B | 28.9B | 23.9B | 30B | 52.1B | 34.2B |
| Enterprise value | 2.7B | 9.8B | — | 11.4B | 13.6B | 18.6B | 28B | 22.8B | 28.6B | 50.5B | 33.8B |
| Shares outstanding | 85.6M | 90.6M | 100.6M | 109.3M | 115M | 118.5M | 121.7M | 124.9M | 127.7M | 131M | 131M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | 166 | 44.6 |
| P/S | 68 | 128 | — | 57.3 | 30.3 | 23.8 | 27.9 | 13.1 | 13.4 | 14 | 7.11 |
| P/B | 3.48 | 6.51 | — | 8.75 | 14.7 | 34.1 | -182.8 | -108.4 | 447.7 | 66 | 25.2 |
| EV/EBITDA | -6.66 | -20.2 | — | -13.5 | -18.5 | -29.3 | -41.2 | -212.2 | -5.7K | 74.6 | 32.1 |
| EV/Sales | 57.8 | 109.5 | — | 51.7 | 27.6 | 22.1 | 27 | 12.5 | 12.7 | 13.6 | 7.05 |
| Earnings yield | — | — | — | — | — | — | — | — | — | 0.6% | 2.24% |
| FCF yield | -11.6% | -4.23% | — | -3.33% | -4.59% | -3.57% | -2.12% | 0.18% | -0.14% | 0.89% | 0.79% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.13 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 100% | 100% | 97.6% | 88.6% | 84.2% | 83.4% | 83.7% | 83% | 85.6% | 81.6% | 76.9% |
| Operating margin | -900.3% | -556.2% | -1.1K% | -427.5% | -168.1% | -83.9% | -75.7% | -15.4% | -7.87% | 13.5% | 17.9% |
| Net margin | -869.6% | -545.9% | -1K% | -403.2% | -174.1% | -101% | -109% | -24.1% | -12.4% | 8.45% | 16.1% |
| ROE | -44.6% | -27.8% | -58.5% | -61.6% | -84.5% | -145% | 714.9% | 199.5% | -414.6% | 39.8% | 96.6% |
| ROA | -32.5% | -24.6% | -48.4% | -37% | -25.2% | -23.4% | -31.9% | -11.5% | -6.56% | 6.32% | 12.3% |
| ROIC | -95.8% | -472.6% | -328.7% | -455.3% | 245.9% | 83.4% | 76.2% | 20.8% | 13.3% | -57.9% | -145.6% |
| Return on tangible assets | -32.5% | -24.6% | -48.4% | -37% | -25.2% | -23.4% | -31.9% | -11.5% | -6.56% | 6.32% | 14.5% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 5.1 | 12.2 | 6.69 | 4.87 | 4.47 | 4.04 | 3.51 | 3.08 | 2.78 | 2.76 | 3.06 |
| Quick ratio | 5.1 | 12.2 | 6.56 | 4.71 | 4.34 | 3.91 | 3.34 | 2.99 | 2.71 | 2.71 | 2.99 |
| Debt / equity | 0.16 | 0.02 | 0.02 | 0.21 | 0.51 | 1.7 | -8.34 | -5.92 | 19.3 | 1.62 | 2.21 |
| Debt / assets | 0.12 | 0.02 | 0.02 | 0.13 | 0.15 | 0.27 | 0.37 | 0.34 | 0.31 | 0.26 | 0.23 |
| Net debt / EBITDA | 1.16 | 3.4 | 1.37 | 1.46 | 1.84 | 2.26 | 1.28 | 10.6 | 276.6 | -2.41 | -1.78 |
| Interest coverage | — | — | — | — | -9.13 | -4.96 | -6.23 | -2.58 | -1.66 | 2.28 | 3.46 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2.91% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.55 | 0.99 | 0.74 | 2.01 | 4.29 | 7.13 | 8.53 | 14.6 | 17.6 | 28.3 | 36.2 |
| EPS (basic) | -4.79 | -5.42 | -7.57 | -8.11 | -7.46 | -7.2 | -9.3 | -3.52 | -2.18 | 2.39 | 2.39 |
| EPS (diluted) | -4.79 | -5.42 | -7.57 | -8.11 | -7.46 | -7.2 | -9.3 | -3.52 | -2.18 | 2.33 | 5.72 |
| Book value per share | 10.8 | 19.5 | 12.9 | 13.2 | 8.84 | 4.97 | -1.3 | -1.77 | 0.53 | 6.02 | 10.1 |
| FCF per share | -4.35 | -5.38 | -6.85 | -3.83 | -5.96 | -6.06 | -5.04 | 0.34 | -0.33 | 3.55 | 5.93 |
| Cash per share | 7.32 | 18.7 | 10.8 | 14.1 | 16.3 | 20.6 | 18 | 19.5 | 21.1 | 22.2 | 24.7 |
| Capex per share | 0.75 | 1.15 | 1.26 | 1.28 | 0.61 | 0.64 | 0.59 | 0.5 | 0.27 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 136.9% | 115.9% | 169.4% | 63.8% | 14.3% | 9.05% | 6.95% | 3.4% | 1.52% | — | — |
| Capex / operating cash flow | -21.1% | -26.3% | -21.8% | -54.4% | -12.3% | -12.9% | -10.2% | 1.2K% | -18.5% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$7.2 | — | — | $844.3M | — |
| FY20 | — | -$7.46 | — | — | $492.9M | — |
| FY19 | — | -$8.11 | — | — | $219.8M | — |
| FY18 | — | -$7.57 | — | — | $74.9M | — |
| FY17 | — | -$5.42 | — | — | $89.9M | — |
| FY16 | — | -$4.79 | — | — | $47.2M | — |
| 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 | $750.5M | $439.7M | $494.3M | $659.8M | $500.9M | $593.2M | $594.2M | $773.7M | $1.2B | $1.1B | $1.2B | $1.3B |
| YoY change | +184% | +31.2% | +54.8% | +107% | -33.3% | +34.9% | +20.2% | +17.3% | +149.3% | +84.9% | +96.4% | +66.9% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 626.8M | 1.7B | 1.1B | 1.5B | 1.9B | 2.4B | 2.2B | 2.4B | 2.7B | 2.9B |
| Receivables | 23.3M | 34M | 18.8M | 43M | 102.4M | 198.6M | 238M | 327.8M | 405.3M | 777.6M |
| Inventory | — | 0 | 24.1M | 56.3M | 75.2M | 86.4M | 129M | 89.1M | 78.5M | 82.7M |
| Total current assets | 671.9M | 1.8B | 1.2B | 1.7B | 2.6B | 2.8B | 2.7B | 3B | 3.3B | 4.1B |
| Property, plant & equipment | 114.6M | 181.9M | 320.7M | 396M | 443.9M | 471M | 469.3M | 454.1M | 399.4M | 410.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 1.3B | 2B | 1.6B | 2.4B | 3.4B | 3.6B | 3.5B | 3.8B | 4.2B | 5B |
| Accounts payable | 54.5M | 28.4M | 59.7M | 49.9M | 52M | 73.4M | 98.1M | 55.5M | 88.4M | 115.7M |
| Short-term debt | — | — | — | 27.7M | 36.9M | 40.5M | 42M | 41.5M | 41.9M | 45.5M |
| Total current liabilities | 131.7M | 144.3M | 179.5M | 352.6M | 585.3M | 695.7M | 767.9M | 967.8M | 1.2B | 1.5B |
| Long-term debt | 150M | 30M | 30M | 276.1M | 484.3M | 957M | 1.3B | 1.3B | 1.3B | 1.2B |
| Total liabilities | 342.6M | 228.3M | 272.8M | 956.4M | 2.4B | 3.1B | 3.7B | 4.1B | 4.2B | 4.2B |
| Shareholders' equity | 920.2M | 1.8B | 1.3B | 1.4B | 1B | 588.2M | -158.2M | -220.6M | 67.1M | 789.2M |
| Total debt | 150M | 30M | 30M | 303.8M | 521.2M | 997.6M | 1.3B | 1.3B | 1.3B | 1.3B |
| Net debt | -43.6M | -615.4M | -390.1M | -243.4M | 24.6M | 177.6M | 453.9M | 492.7M | 329.6M | -378.9M |
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 | 2.4B | 2.4B | 2.4B | 2.6B | 2.8B | 2.7B | 2.6B | 2.9B | 2.7B | 2.9B | 3B | 3.3B |
| Receivables | 325.4M | 327.8M | 321.4M | 309.5M | 353.9M | 405.3M | 418M | 567.1M | 964.8M | 777.6M | 884M | 912.7M |
| Inventory | 95.8M | 89.1M | 94M | 84M | 76M | 78.5M | 65.6M | 71.7M | 75.4M | 82.7M | 84M | 97.1M |
| Total current assets | 3B | 3B | 3B | 3.2B | 3.4B | 3.3B | 3.3B | 3.6B | 4B | 4.1B | 4.2B | 4.6B |
| Property, plant & equipment | 729.1M | 454.1M | 718.9M | 715.5M | 703.4M | 399.4M | 695.9M | 692.2M | 693.1M | 410.4M | 707.6M | 737.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 3.8B | 3.8B | 3.8B | 4B | 4.2B | 4.2B | 4.2B | 4.6B | 4.9B | 5B | 5.1B | 5.6B |
| Accounts payable | 73.8M | 55.5M | 78.1M | 74M | 70.8M | 88.4M | 97.4M | 102.4M | 117.6M | 115.7M | 126.6M | 108M |
| Short-term debt | 41.5M | 41.5M | 41.7M | 41.7M | 42.1M | 41.9M | 46M | 46.1M | 44.8M | 45.5M | 45.7M | 45.9M |
| Total current liabilities | 949.8M | 967.8M | 941.7M | 1.1B | 1.2B | 1.2B | 1.1B | 1.3B | 1.6B | 1.5B | 1.3B | 1.5B |
| Long-term debt | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.2B | 1.2B | 1.2B |
| Total liabilities | 4B | 4.1B | 4B | 4B | 4.2B | 4.2B | 4.1B | 4.3B | 4.6B | 4.2B | 4.1B | 4.2B |
| Shareholders' equity | -165.9M | -220.6M | -219.3M | -3.1M | 32.4M | 67.1M | 115.4M | 250.6M | 233.9M | 789.2M | 1.1B | 1.4B |
| Total debt | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B |
| Net debt | 276M | 492.7M | 619.4M | 335.2M | 201.9M | 329.6M | 282M | 183.4M | -181.8M | -378.9M | -437.7M | -440.9M |
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 | -410.1M | -490.9M | -761.5M | -886.1M | -858.3M | -852.8M | -1.1B | -440.2M | -278.2M | 313.7M |
| Depreciation & amortization | 15.1M | 11.9M | 15.2M | 54.4M | 74.4M | 89.7M | 85.5M | 97M | 56.7M | 55.7M |
| Stock-based compensation | 75.5M | 92.8M | 157.8M | 174.8M | 139.9M | 165.7M | 230.6M | 221.7M | 272.1M | 348.2M |
| Change in working capital | 11.8M | -13.8M | 20.8M | 411.9M | -25.7M | -130.7M | 3M | 19.8M | -217.3M | -327.1M |
| Operating cash flow | -306.1M | -395.5M | -583.3M | -257.6M | -573.9M | -592.3M | -707.3M | 5.2M | -185.3M | 524.1M |
| Capital expenditure | -64.6M | -104.2M | -126.9M | -140.2M | -70.4M | -76.4M | -72.1M | -62.2M | -34.3M | — |
| Investing cash flow | 142.6M | -290.4M | 272.9M | -417.7M | -435.5M | -273.3M | 169.4M | -336.4M | -116.8M | 495M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -596K | -257K | -3.5M | — | — | — | — | — | — | — |
| Financing cash flow | 163.7M | 1B | -3.5M | 721.9M | 794.5M | 1B | 166.4M | 24.7M | -8.8M | -555.2M |
| Net change in cash | 175K | 354.9M | -313.9M | 46.6M | -215M | 135.2M | -371.6M | -306.4M | -311M | 463.9M |
| Free cash flow | -372.3M | -487M | -689.5M | -418.6M | -685.3M | -718.1M | -613.3M | 41.9M | -42.6M | 465.4M |
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 | 147.8M | -137.9M | — | — | -111.6M | -83.8M | — | — | 217.8M | 186.4M | 206M | 164.5M |
| Depreciation & amortization | 23.5M | 24M | — | — | 48.7M | -20.5M | — | — | 13.8M | 13.5M | 13.6M | 13.9M |
| Stock-based compensation | 63.9M | 42M | — | — | 45.8M | 91.6M | — | — | 108.2M | 71.6M | 70.2M | 86.6M |
| Change in working capital | 28.8M | -16.6M | — | — | 39M | -137.3M | — | — | -158M | -2.2M | -291.4M | 31.1M |
| Operating cash flow | 314.7M | -75.5M | 454K | 340K | 38.7M | -121.5M | 9.6M | 9.7M | 351M | 163.6M | 70.5M | 326.7M |
| Capital expenditure | -17.1M | -15.3M | — | — | -4.2M | -9.1M | — | — | — | — | — | — |
| Investing cash flow | -6.3M | -240.7M | — | — | -11.1M | -52.9M | — | — | 515.4M | -13.9M | -3.7M | -328.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 8.3M | 8.3M | — | — | -5.3M | -5.3M | — | — | -60.4M | 3.6M | 2.6M | 2.7M |
| Net change in cash | 316.7M | -307.9M | 454K | 340K | 22.4M | -179.6M | 9.6M | 9.7M | 806M | 153.3M | 69.4M | 623K |
| Free cash flow | 342.3M | -45.1M | — | — | 39.5M | -103.8M | — | — | 338.9M | 140.3M | 48.7M | 292M |