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 | -$0.36 | -$0.39 | -8.3% | — | $0 | — |
| Q1 26 | -$0.34 | -$0.37 | -8.8% | — | $0 | — |
| Q4 25 | -$0.34 | -$0.3 | +11.8% | — | $0 | — |
| Q3 25 | -$0.43 | -$0.37 | +14.0% | — | $0 | — |
| Q2 25 | -$0.45 | -$0.46 | -2.2% | — | — | — |
| Q1 25 | -$0.5 | -$0.42 | +16.0% | — | — | — |
| Q4 24 | -$0.59 | -$0.55 | +6.8% | — | — | — |
| Q3 24 | -$0.91 | -$1.07 | -17.6% | — | — | — |
| Q2 24 | -$0.82 | -$0.62 | +24.4% | — | — | — |
| Q1 24 | -$0.01 | -$0.12 | -1100.0% | — | — | — |
| Q4 23 | $0.23 | $0.07 | -69.6% | — | — | — |
| Q3 23 | $0.44 | $0.3 | -31.8% | — | — | — |
| Q2 23 | $0.1 | $0.31 | +210.0% | — | $98.2M | — |
| Q1 23 | -$0.24 | $0.02 | +108.3% | — | $71.4M | — |
| Q4 22 | -$0.82 | -$0.65 | +20.7% | — | $21.9M | — |
| Q3 22 | -$0.97 | -$0.92 | +5.2% | — | $345K | — |
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 | — | -$1.53 | — | — | $0 | — |
| FY24 | — | -$4.43 | — | — | $87.4M | — |
| FY23 | — | $0.73 | — | — | $380.8M | — |
| FY22 | — | -$3.39 | — | — | $22.2M | — |
| FY21 | — | -$1.59 |
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 | $0 | $0 | $0 | $22.2M | $380.8M | $87.4M | $0 |
| YoY change | — | 0% | 0% | +InfinityT% | +1.6K% | -77.1% | -100% |
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 | 0 | 0 | 0 | 22.2M | 380.8M | 87.4M | 0 |
| Cost of revenue | — | — | 0 | 3M | 25.4M | 124.6M | 0 |
| Gross profit | — | — | 0 | 19.2M | 355.3M | -37.3M | 0 |
| Gross margin | — | — | — | 86.5% | 93.3% | -42.6% | — |
| Research & development | 11.9M | 24.6M | 44M | 93.5M | 128.2M | 104.1M | 90.4M |
| Selling, general & administrative | 3.1M | 15.1M | 38.9M | 127.1M | 188.4M | 114.3M | 62.9M |
| Operating expenses | 13.6M | 39M | 82.7M | 220.6M | 316.5M | 218.4M | 153.3M |
| Operating income | -13.6M | -39M | -82.7M | -201.3M | 38.8M | -255.7M | -153.3M |
| Operating margin | — | — | — | -905.7% | 10.2% | -292.6% | — |
| Non-operating income, net | 938K | -1M | -5.3M | -551K | -660K | -60.3M | -700K |
| Pretax income | -13.7M | -42.3M | -87.9M | -197.6M | 54.3M | -302.1M | -144.7M |
| Income tax | — | — | 0 | 774K | 5M | -393K | 46K |
| Net income | -13.7M | -42.3M | -87.9M | -198.4M | 49.3M | -301.7M | -144.7M |
| Net margin | — | — | — | -892.4% | 12.9% | -345.4% | — |
| EBITDA | -13.4M | -38.7M | -82.6M | -200.9M | 39.9M | -195.7M | -152.8M |
| EPS | -0.3 | -0.92 | -1.59 | -3.39 | 0.73 | -4.43 | -1.53 |
| Diluted EPS | -0.3 | -0.92 | -1.59 | -3.39 | 0.7 | -4.43 | -1.53 |
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 | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | 0 | 0 | 0 | — |
| Gross profit | — | — | — | — | — | — | — | — | 0 | 0 | 0 | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | 19.9M | 21.2M | 27.6M | 23.8M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 16.2M | 15.4M | 16.2M | 21.9M |
| Operating expenses | — | — | — | — | — | — | — | — | 36M | 36.6M | 43.8M | 45.7M |
| Operating income | 18.7M | 1.9M | -122.1M | -53.4M | -39.5M | -40.7M | -37.8M | -42.9M | -36M | -36.6M | -43.8M | -45.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | -180K | 362K | -75K | -53K |
| Pretax income | — | — | — | — | — | — | — | — | -34.4M | -33M | -41.3M | -43.4M |
| Income tax | — | — | — | — | — | — | — | — | 0 | 46K | — | — |
| Net income | — | — | — | — | — | — | — | — | -34.4M | -33M | -41.3M | -43.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — | -35.9M | -36.5M | -43.7M | -45.6M |
| EPS | 0.31 | 0.07 | -1.75 | -1.07 | -1.07 | -0.55 | -0.42 | -0.46 | -0.37 | -0.3 | -0.37 | -0.39 |
| Diluted EPS | 0.3 | 0.07 | -1.75 | -1.07 | -1.07 | -0.55 | -0.42 | -0.46 | -0.37 | -0.3 | -0.37 | -0.39 |
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 | — | — | — | 2.2B | — | 257.6M | — | 3.8B |
| Enterprise value | — | — | — | 1.8B | — | 83.1M | — | 3.1B |
| Shares outstanding | 45.6M | 46M | 55.2M | 58.5M | 67.2M | 68.1M | 94.6M | 94.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 2.54 |
| P/S | — | — | — | 97.2 | — | 2.95 | — | — |
| P/B | — | — | — | 6.35 | — | 1.56 | — | 13.9 |
| EV/EBITDA | — | — | — | -9.07 | — | -0.42 | — | -19 |
| EV/Sales | — | — | — | 81.9 | — | 0.95 | — | — |
| Earnings yield | — | — | — | — | — | — | — | 39.4% |
| FCF yield | — | — | — | -8.44% | — | -65.1% | — | -2.03% |
| PEG | — | — | — | — | — | — | — | -0.17 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | 86.5% | 93.3% | -42.6% | — | — |
| Operating margin | — | — | — | -905.7% | 10.2% | -292.6% | — | 0% |
| Net margin | — | — | — | -892.4% | 12.9% | -345.4% | — | 0% |
| ROE | 54.1% | 63.4% | 58.2% | -58.2% | 11.4% | -183.1% | -47.4% | -74.7% |
| ROA | -426% | -299.8% | -83.3% | -50.7% | 9.52% | -155.8% | -43.5% | -44.1% |
| ROIC | — | — | 33.4% | 330.1K% | 53.1% | 2.6K% | 2.7K% | 2.7K% |
| Return on tangible assets | -426% | -299.8% | -83.3% | -50.7% | 9.52% | -155.8% | -43.5% | -57.5% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.71 | 1.86 | 6.03 | 8.2 | 5.66 | 6.67 | 14.3 | 12.1 |
| Quick ratio | 0.71 | 1.86 | 6.03 | 7.99 | 5.2 | 6.67 | 14.3 | 12.1 |
| Debt / equity | -0.59 | -0.02 | 0 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 |
| Debt / assets | 4.64 | 0.1 | 0 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 |
| Net debt / EBITDA | -0.89 | 0.3 | 1.16 | 1.7 | -9.2 | 0.89 | 2.04 | 1.52 |
| Interest coverage | -9.75 | -17.5 | — | — | — | — | — | — |
| Effective tax rate | — | — | 0% | 0% | 9.26% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0.38 | 5.66 | 1.28 | 0 | 0 |
| EPS (basic) | -0.3 | -0.92 | -1.59 | -3.39 | 0.73 | -4.43 | -1.53 | -1.53 |
| EPS (diluted) | -0.3 | -0.92 | -1.59 | -3.39 | 0.7 | -4.43 | -1.53 | -1.43 |
| Book value per share | -0.56 | -1.45 | -2.74 | 5.82 | 6.45 | 2.42 | 3.23 | 2.15 |
| FCF per share | -0.23 | -0.8 | -1.36 | -3.12 | 0.16 | -2.46 | -1.31 | -1.14 |
| Cash per share | 0.07 | 0.28 | 1.74 | 5.93 | 5.52 | 2.59 | 3.35 | 2.25 |
| Capex per share | 0 | 0 | 0.01 | 0.04 | 0.02 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 11.4% | 0.33% | 0.18% | — | — |
| Capex / operating cash flow | 0% | -0.39% | -0.45% | -1.27% | 24.4% | -0.07% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.92 | — | — | $0 | — |
| FY19 | — | -$0.3 | — | — | $0 | — |
| Q1 24 |
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| Q2 24 |
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| Q3 24 |
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| Q4 24 |
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| Q1 25 |
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| Q2 25 |
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| Q3 25 |
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| Q4 25 |
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| Q1 26 |
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| Q2 26 |
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| Revenue | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | 3.1M | 12.9M | 96.1M | 346.9M | 371.4M | 176.5M | 317M |
| Receivables | — | — | 0 | 15.3M | 40M | 447K | 88K |
| Inventory | — | — | 0 | 9.8M | 38.3M | 0 | — |
| Total current assets | 3.2M | 13.6M | 105M | 382.1M | 464.7M | 189.4M | 323.7M |
| Property, plant & equipment | — | 151K | 474K | 8.1M | 6.4M | 2.7M | 5.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 3.2M | 14.1M | 105.6M | 391.5M | 517.5M | 193.6M | 332.6M |
| Accounts payable | 2.2M | 3.6M | 4.4M | 6.3M | 22.1M | 2.9M | 3.5M |
| Short-term debt | — | — | — | 2M | 2.3M | 1.5M | 1.3M |
| Total current liabilities | 4.5M | 7.3M | 17.4M | 46.6M | 82M | 28.4M | 22.7M |
| Long-term debt | 14.9M | 1.4M | 0 | 4.2M | 2M | 463K | 4.7M |
| Total liabilities | 28.6M | 80.8M | 256.8M | 50.8M | 84M | 28.9M | 27.4M |
| Shareholders' equity | -25.4M | -66.7M | -151.2M | 340.6M | 433.4M | 164.8M | 305.3M |
| Total debt | 14.9M | 1.4M | 0 | 6.3M | 4.2M | 2M | 6M |
| Net debt | 11.9M | -11.5M | -50.2M | -56.2M | -166M | -75.4M | -220.7M |
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 | 355M | 371.4M | 373.3M | 309.8M | 234.4M | 176.5M | 204.1M | 180.8M | 344M | 317M | 279.8M | 250.8M |
| Receivables | 29.4M | 40M | 20.4M | 4.1M | 1.7M | 447K | 300K | 103K | 132K | 88K | — | — |
| Inventory | 32.4M | 38.3M | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Total current assets | 434.1M | 464.7M | 410.5M | 326.7M | 245.3M | 189.4M | 216.1M | 186.9M | 353.4M | 323.7M | 285M | 256.3M |
| Property, plant & equipment | 7M | 6.4M | 5.7M | 4.2M | 3.5M | 2.7M | 2.1M | 6.3M | 5.9M | 5.5M | 5.1M | 4.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 466.6M | 517.5M | 417.5M | 332.2M | 250.7M | 193.6M | 219.7M | 194.6M | 362.7M | 332.6M | 293.6M | 264.6M |
| Accounts payable | 6.4M | 22.1M | 21.5M | 5M | 1.5M | 2.9M | 4.8M | 3.3M | 5.3M | 3.5M | 3.5M | 5.5M |
| Short-term debt | 2.2M | 2.3M | 2.3M | 2.4M | 2M | 1.5M | 1.1M | 665K | 981K | 1.3M | 1.2M | 1M |
| Total current liabilities | 45.6M | 82M | 91.6M | 70.1M | 53.9M | 28.4M | 17.9M | 21.4M | 25.8M | 22.7M | 16M | 21.1M |
| Long-term debt | 2.6M | 2M | 1.4M | 772K | 595K | 463K | 327K | 5.3M | 5M | 4.7M | 4.5M | 4.2M |
| Total liabilities | 48.2M | 84M | 93M | 70.9M | 54.5M | 28.9M | 18.3M | 26.7M | 30.7M | 27.4M | 20.4M | 25.4M |
| Shareholders' equity | 418.4M | 433.4M | 324.4M | 261.3M | 196.2M | 164.8M | 201.4M | 167.9M | 332M | 305.3M | 273.2M | 239.2M |
| Total debt | 4.8M | 4.2M | 3.7M | 3.1M | 2.6M | 2M | 1.4M | 6M | 5.9M | 6M | 5.6M | 5.3M |
| Net debt | -130.5M | -166M | -166.9M | -71.9M | -69.3M | -75.4M | -58.4M | -52.1M | -219.2M | -220.7M | -223.5M | -44.1M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -13.7M | -42.3M | -87.9M | -198.4M | 49.3M | -301.7M | -144.7M |
| Depreciation & amortization | 0 | 1K | 52K | 487K | 1.1M | 904K | 525K |
| Stock-based compensation | 108K | 243K | 3.1M | 21.7M | 37.2M | 33M | 27.6M |
| Change in working capital | 1.3M | 1.3M | 651K | -22.5M | -82.4M | 9M | 1.5M |
| Operating cash flow | -12M | -39M | -78.9M | -198.6M | 5.1M | -221.6M | -123.3M |
| Capital expenditure | 0 | -151K | -353K | -2.5M | -1.2M | -157K | — |
| Investing cash flow | 0 | -151K | -46.4M | -239M | 92.1M | 75.7M | 14.2M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 641K | 46.8M | 158.2M | 429.6M | -3.5M | -1.8M | 253M |
| Net change in cash | -11.3M | 7.6M | 32.9M | -8M | 93.7M | -147.8M | 143.8M |
| Free cash flow | -10.7M | -36.8M | -75.2M | -182.4M | 10.7M | -167.8M | -123.5M |
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 | 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 | 20.9M | 4.7M | -118.8M | -72.7M | -72.7M | -37.5M | -35.9M | -41.4M | -34.4M | -33M | -41.3M | -43.4M |
| Depreciation & amortization | 302K | 301K | 315K | 208K | 221K | 160K | 156K | 141K | 120K | 108K | 98K | 43K |
| Stock-based compensation | 10.2M | 9.5M | 9.9M | 9.6M | 6.8M | 6.7M | 6.8M | 7.3M | 7.1M | 6.4M | 6.1M | 8.3M |
| Change in working capital | -27.6M | -22M | 10M | 73K | -1.3M | 1.9M | 2M | -1.3M | 191K | 619K | -19K | 2M |
| Operating cash flow | 1.3M | -7.4M | -98.5M | -62M | -30.8M | -28.6M | -26.9M | -25.2M | -30.4M | -27.9M | -36.9M | -31.4M |
| Capital expenditure | -357K | -356K | -67K | -89K | 19K | -20K | -11K | — | — | — | — | — |
| Investing cash flow | -108.1M | 20.9M | 819K | -29M | 75M | 65M | -43.7M | 23M | 5.3M | 29.6M | 36.3M | -149.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -95K | -117K | -1.3M | -20K | -411K | -38K | 64.7M | -103K | 188.9M | -584K | -3.9M | -494K |
| Net change in cash | -106.9M | 13.4M | -99M | -91M | 43.8M | 36.3M | -5.9M | -2.3M | 163.8M | 1.1M | -4.6M | -181.7M |
| Free cash flow | -5.5M | 13.2M | -556K | -66.7M | -41.6M | -59M | -39.8M | -25.3M | -30.4M | -28M | -36.9M | -31.5M |