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 | -$0.01 | -$0.01 | 0.0% | — | $100.9M | — |
| Q1 26 | -$0.01 | -$0.02 | -100.0% | — | $93.5M | — |
| Q4 25 | $0.05 | $0.04 | -20.0% | — | $91.4M | — |
| Q3 25 | $0.01 | $0.02 | +100.0% | — | $88.6M | — |
| Q2 25 | $0.01 | $0.01 | 0.0% | — | $83.3M | — |
| Q1 25 | -$0.19 | -$0.17 | +10.5% | — | $80M | — |
| Q4 24 | $0.01 | $0.02 | +100.0% | — | $78.1M | — |
| Q3 24 | $0.01 | $0.04 | +300.0% | — | $75.2M | — |
| Q1 24 | — | $0.01 | — | — | $72.6M | — |
| Q4 23 | $0.03 | $0.04 | +33.3% | — | $71.4M | — |
| Q3 23 | $0.03 | $0.05 | +66.7% | — | $70.6M | — |
| Q2 23 | $0.02 | $0.02 | 0.0% | — | $67.8M | — |
| Q1 23 | -$0.06 | -$0.04 | +33.3% | — | $66.5M | — |
| Q4 22 | -$0.04 | -$0.03 | +25.0% | — | $65.3M | — |
| Q3 22 | -$0.08 | -$0.03 | +62.5% | — | $61.6M | — |
| Q2 22 | -$0.12 | -$0.08 | +33.3% | — | $58.1M | — |
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 | — | -$0.67 | — | — | $343.2M | — |
| FY24 | — | -$0.76 | — | — | $299.3M | — |
| FY23 | — | -$0.77 | — | — | $276.3M | — |
| FY22 | — | -$0.84 | — | — | $238.1M | — |
| 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 | $68.4M | $102.5M | $167.3M | $238.1M | $276.3M | $299.3M | $343.2M |
| YoY change | — | +49.7% | +63.2% | +42.3% | +16.1% | +8.32% | +14.7% |
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 | 68.4M | 102.5M | 167.3M | 238.1M | 276.3M | 299.3M | 343.2M |
| Cost of revenue | 22.1M | 30.5M | 51.8M | 70.4M | 71.9M | 76.9M | 89.3M |
| Gross profit | 46.3M | 72M | 115.5M | 167.6M | 204.4M | 222.3M | 253.9M |
| Gross margin | 67.7% | 70.3% | 69.1% | 70.4% | 74% | 74.3% | 74% |
| Research & development | 19M | 26.1M | 48.3M | 80.6M | 90.1M | 97.6M | 97.6M |
| Selling, general & administrative | 61.6M | 69.9M | 141.4M | 183.6M | 208.6M | 232.2M | 252.4M |
| Operating expenses | 80.7M | 96M | 189.6M | 264.2M | 298.7M | 329.7M | 349.9M |
| Operating income | -34.3M | -24M | -74.1M | -96.6M | -94.4M | -107.4M | -96M |
| Operating margin | -50.2% | -23.4% | -44.3% | -40.6% | -34.2% | -35.9% | -28% |
| Non-operating income, net | 1.5M | 269K | 195K | 4M | 5.3M | 14.9M | 10.7M |
| Pretax income | -32.9M | -23.7M | -74M | -92.6M | -89.1M | -92.5M | -85.3M |
| Income tax | 663K | 833K | 1M | 796K | 1.3M | 1.8M | 3.2M |
| Net income | -33.5M | -24.6M | -75M | -93.4M | -90.4M | -94.3M | -88.5M |
| Net margin | -49% | -24% | -44.8% | -39.2% | -32.7% | -31.5% | -25.8% |
| EBITDA | -33.6M | -22.3M | -71.1M | -91.9M | -80.6M | -101.3M | -86.4M |
| EPS | -0.34 | -0.25 | -1.46 | -0.84 | -0.77 | -0.76 | -0.67 |
| Diluted EPS | -0.34 | -0.25 | -1.46 | -0.84 | -0.77 | -0.76 | -0.67 |
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 | 70.6M | 71.4M | 72.6M | 73.3M | 75.2M | 78.1M | 80M | 83.3M | 88.6M | 91.4M | 93.5M | 100.9M |
| Cost of revenue | 17.3M | 18.3M | 18.9M | 19.5M | 18.7M | 19.8M | 20.2M | 22.8M | 23.1M | 23.2M | 25.2M | 31.8M |
| Gross profit | 53.3M | 53.1M | 53.7M | 53.8M | 56.5M | 58.3M | 59.7M | 60.5M | 65.5M | 68.2M | 68.3M | 69.1M |
| Gross margin | 75.5% | 74.4% | 74% | 73.4% | 75.1% | 74.7% | 74.7% | 72.6% | 73.9% | 74.6% | 73% | 68.5% |
| Research & development | 21.8M | 22.2M | 23M | 21.1M | 19M | 34.4M | 23.5M | 24.1M | 26.6M | 23.3M | 25.3M | 33.7M |
| Selling, general & administrative | 52.5M | 52.5M | 55.5M | 59.8M | 57.4M | 59.4M | 60.4M | 63.5M | 64.5M | 64M | 67.1M | 68.5M |
| Operating expenses | 74.3M | 74.7M | 78.4M | 81M | 76.5M | 93.8M | 83.9M | 87.6M | 91.1M | 87.3M | 92.4M | 102.2M |
| Operating income | -20.9M | -21.6M | -24.7M | -27.2M | -20M | -35.5M | -24.2M | -27.1M | -25.6M | -19.1M | -24.1M | -33.1M |
| Operating margin | -29.6% | -30.2% | -34% | -37.1% | -26.6% | -45.4% | -30.3% | -32.5% | -29% | -20.8% | -25.8% | -32.8% |
| Non-operating income, net | 3.4M | 3.6M | 3.7M | 4M | 3.9M | 3.3M | 2.7M | 3M | 2.6M | 2.4M | 2M | -350K |
| Pretax income | -17.5M | -18M | -21M | -23.2M | -16.1M | -32.2M | -21.5M | -24.1M | -23.1M | -16.7M | -22.2M | -33.4M |
| Income tax | 268K | 543K | 426K | 205K | 742K | 418K | 778K | 554K | 926K | 947K | 1.1M | 1.2M |
| Net income | -17.7M | -18.5M | -21.5M | -23.4M | -16.9M | -32.6M | -22.2M | -24.7M | -24M | -17.7M | -23.3M | -34.6M |
| Net margin | -25.1% | -26% | -29.5% | -31.9% | -22.4% | -41.7% | -27.8% | -29.6% | -27.1% | -19.3% | -24.9% | -34.3% |
| EBITDA | -19.5M | -20.2M | -23.3M | -25.8M | -18.6M | -33.5M | -21.9M | -24.7M | -23.2M | -16.6M | -21.4M | -27.6M |
| EPS | -0.15 | — | -0.18 | -0.19 | -0.14 | -0.26 | -0.17 | -0.19 | -0.18 | -0.13 | -0.17 | -0.27 |
| Diluted EPS | -0.15 | — | -0.18 | -0.19 | -0.14 | -0.26 | -0.17 | -0.19 | -0.18 | -0.13 | -0.17 | -0.27 |
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 | — | — | — | — | 1.5B | 1.3B | 1.5B | 1.7B |
| Enterprise value | — | — | — | — | 1.2B | 1.1B | 1.3B | 1.5B |
| Shares outstanding | 99.3M | 99.3M | 51.4M | 111.4M | 116.9M | 123.9M | 132M | 132M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -19.9 |
| P/S | — | — | — | — | 5.38 | 4.37 | 4.45 | 4.44 |
| P/B | — | — | — | — | 5.05 | 4.41 | 6.23 | 12.2 |
| EV/EBITDA | — | — | — | — | -14.6 | -10.6 | -15.6 | -15.9 |
| EV/Sales | — | — | — | — | 4.25 | 3.58 | 3.92 | 4.09 |
| Earnings yield | — | — | — | — | — | — | — | -5.03% |
| FCF yield | — | — | — | — | 1.51% | 0.9% | 1.54% | 4.28% |
| PEG | — | — | — | — | — | — | — | -0.47 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 67.7% | 70.3% | 69.1% | 70.4% | 74% | 74.3% | 74% | 68.5% |
| Operating margin | -50.2% | -23.4% | -44.3% | -40.6% | -34.2% | -35.9% | -28% | -32.8% |
| Net margin | -49% | -24% | -44.8% | -39.2% | -32.7% | -31.5% | -25.8% | -26.6% |
| ROE | 53.3% | 36.6% | -24.5% | -31.7% | -30.7% | -31.8% | -36.1% | -47.9% |
| ROA | -29.6% | -14% | -18.7% | -22.6% | -20.8% | -21.2% | -21% | -15.5% |
| ROIC | 24.1% | 13% | 8.3K% | -127.7% | 484.7% | -175.9% | -152.6% | -1.9K% |
| Return on tangible assets | -29.6% | -14.5% | -19.5% | -23.3% | -21.3% | -24.3% | -24.8% | -36.2% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.68 | 2.79 | 3.92 | 2.61 | 2.87 | 2.1 | 1.56 | 1.05 |
| Quick ratio | 2.68 | 2.79 | 3.92 | 2.61 | 2.87 | 2.1 | 1.56 | 1.05 |
| Debt / equity | — | — | 0 | 0.04 | 0.03 | 0.02 | 0.04 | 0.07 |
| Debt / assets | — | — | 0 | 0.03 | 0.02 | 0.01 | 0.02 | 0.03 |
| Net debt / EBITDA | — | — | 4.33 | 2.39 | 3.9 | 2.33 | 2.11 | 1.47 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.69 | 1.03 | 3.26 | 2.14 | 2.36 | 2.42 | 2.6 | 2.83 |
| EPS (basic) | -0.34 | -0.25 | -1.46 | -0.84 | -0.77 | -0.76 | -0.67 | -0.67 |
| EPS (diluted) | -0.34 | -0.25 | -1.46 | -0.84 | -0.77 | -0.76 | -0.67 | -0.75 |
| Book value per share | -0.63 | -0.68 | 5.97 | 2.65 | 2.52 | 2.39 | 1.86 | 1.09 |
| FCF per share | -0.17 | -0.13 | -0.68 | -0.1 | 0.19 | 0.09 | 0.18 | 0.19 |
| Cash per share | 0.8 | 1.19 | 5.99 | 2.07 | 2.76 | 1.95 | 1.45 | 1.13 |
| Capex per share | 0.01 | 0.01 | 0.03 | 0.03 | 0.01 | 0.01 | 0.04 | 0.03 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.95% | 0.96% | 0.91% | 1.53% | 0.46% | 0.58% | 1.38% | 1.16% |
| Capex / operating cash flow | -3.4% | -9.24% | -6.1% | -40.6% | 12.7% | 16.7% | 15.8% | 13.7% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| -$1.46 |
| — |
| — |
| $167.3M |
| — |
| FY20 | — | -$0.25 | — | — | $102.5M | — |
| FY19 | — | -$0.34 | — | — | $68.4M | — |
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $70.6M | $71.4M | $72.6M | $73.3M | $75.2M | $78.1M | $80M | $83.3M | $88.6M | $91.4M | $93.5M | $100.9M |
| YoY change | +14.6% | +9.42% | +9.25% | +8.16% | +6.48% | +9.42% | +10.1% | +13.6% | +17.7% | +17% | +16.9% | +21.2% |
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 | 79.8M | 117.8M | 307.4M | 230.5M | 322.4M | 241.1M | 192M |
| Receivables | 12.1M | 17.4M | 20.4M | 22.7M | 29.5M | 26.3M | 23.4M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 100.6M | 148.7M | 355.1M | 284.4M | 380M | 303.6M | 256.7M |
| Property, plant & equipment | 1.4M | 2.7M | 4.8M | 19M | 16.9M | 21.6M | 27.7M |
| Goodwill & intangibles | 0 | 5.9M | 15.3M | 12.2M | 9.4M | 57.5M | 63.1M |
| Total assets | 113.2M | 175.1M | 400.4M | 413.8M | 433.7M | 445.9M | 420.7M |
| Accounts payable | 2M | 4.4M | 3.4M | 490K | 3.1M | 991K | 5.7M |
| Short-term debt | — | — | — | 4M | 4.6M | 3.8M | 2.7M |
| Total current liabilities | 37.5M | 53.3M | 90.6M | 109.2M | 132.3M | 144.5M | 164.7M |
| Long-term debt | — | — | 0 | 7.1M | 3.6M | 1.8M | 6.9M |
| Total liabilities | 176.1M | 242.2M | 93.8M | 118.8M | 138.9M | 149.4M | 175.3M |
| Shareholders' equity | -62.9M | -67.1M | 306.5M | 295M | 294.8M | 296.6M | 245.3M |
| Total debt | — | — | 0 | 11.1M | 8.2M | 5.6M | 9.6M |
| Net debt | — | — | -307.4M | -207.4M | -240.3M | -166.1M | -71.6M |
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 | 321.5M | 322.4M | 316.1M | 318.3M | 319.9M | 241.1M | 209M | 208.1M | 189.2M | 192M | 181.9M | 140.5M |
| Receivables | 32.8M | 29.5M | 36.1M | 34.8M | 29.3M | 26.3M | 41.7M | 36.7M | 34.8M | 23.4M | 40.9M | 37.5M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 386.2M | 380M | 384.1M | 388.1M | 388.1M | 303.6M | 286M | 286.8M | 265.8M | 256.7M | 263.2M | 220.3M |
| Property, plant & equipment | 17.2M | 16.9M | 16.8M | 18.5M | 19.6M | 21.6M | 21.6M | 22.1M | 21.8M | 27.7M | 28.6M | 27.3M |
| Goodwill & intangibles | 10M | 9.4M | 8.7M | 8.5M | 8.4M | 57.5M | 56.8M | 57.2M | 64M | 63.1M | 66.1M | 81.5M |
| Total assets | 441.3M | 433.7M | 437.9M | 445.4M | 445.6M | 445.9M | 445.8M | 456.6M | 438.1M | 420.7M | 401.7M | 356.6M |
| Accounts payable | 6.2M | 3.1M | 14.6M | 2.3M | 2.7M | 991K | 2.2M | 1.9M | 5.5M | 5.7M | 3M | 803K |
| Short-term debt | 4.3M | 4.6M | 4.5M | 4.4M | 4.1M | 3.8M | 3.3M | 2.6M | 2M | 2.7M | 3.6M | 4.2M |
| Total current liabilities | 142.5M | 132.3M | 143.6M | 153.9M | 152.4M | 144.5M | 151.2M | 171.5M | 170.8M | 164.7M | 173.7M | 210.4M |
| Long-term debt | 4.5M | 3.6M | 2.5M | 1.5M | 518K | 1.8M | 2.1M | 2.3M | 1.8M | 6.9M | 6.6M | 5.5M |
| Total liabilities | 149.7M | 138.9M | 148.7M | 158.1M | 155.6M | 149.4M | 156.3M | 177.1M | 175.9M | 175.3M | 184.4M | 220.4M |
| Shareholders' equity | 291.6M | 294.8M | 289.2M | 287.3M | 290M | 296.6M | 289.5M | 279.5M | 262.2M | 245.3M | 217.3M | 136.2M |
| Total debt | 8.9M | 8.2M | 7.1M | 5.9M | 4.6M | 5.6M | 5.4M | 4.9M | 3.8M | 9.6M | 10.1M | 9.7M |
| Net debt | -229.7M | -240.3M | -258.6M | -276.4M | -312.8M | -166.1M | -125.8M | -114.8M | -78.4M | -71.6M | -76.4M | -64.1M |
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 | -33.5M | -24.6M | -75M | -93.4M | -90.4M | -94.3M | -88.5M |
| Depreciation & amortization | 720K | 1.7M | 3.1M | 4.7M | 5.6M | 6.1M | 9.6M |
| Stock-based compensation | 7.3M | 16.6M | 34.4M | 67.2M | 88.3M | 100M | 92.1M |
| Change in working capital | 6.3M | -4.6M | 10.6M | 8.8M | 2.9M | -5.8M | 2.9M |
| Operating cash flow | -19.1M | -10.6M | -25M | -8.9M | 10M | 10.3M | 29.8M |
| Capital expenditure | -648K | -984K | -1.5M | -3.6M | -1.3M | -1.7M | -4.7M |
| Investing cash flow | -648K | -4.7M | 195K | -87.2M | 11.2M | -70.3M | -53.5M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -30.7M |
| Financing cash flow | 495K | 49.8M | 200.9M | -1.1M | -9.6M | -26.4M | -70.2M |
| Net change in cash | -19.2M | 34.5M | 176M | -97.2M | 11.7M | -86.4M | -93.8M |
| Free cash flow | -16.7M | -12.6M | -34.9M | -11.2M | 22.4M | 11.7M | 23.5M |
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 | -17.7M | -18.5M | -21.5M | -23.4M | -16.9M | -32.6M | -22.2M | -24.7M | -24M | -17.7M | -23.3M | -34.6M |
| Depreciation & amortization | 1.4M | 1.4M | 1.4M | 1.3M | 1.4M | 2M | 2.3M | 2.4M | 2.5M | 2.5M | 2.8M | 3.3M |
| Stock-based compensation | 23.1M | 23.3M | 21.1M | 22.7M | 21.1M | 35.1M | 20.6M | 24.5M | 25.1M | 21.9M | 20M | 26.8M |
| Change in working capital | 1.1M | -9.3M | 867K | 7.6M | -6.7M | -7.5M | -9.8M | 17.9M | -2.3M | -2.9M | -12.5M | 19.4M |
| Operating cash flow | 8.5M | -1.5M | 2.7M | 8.8M | 530K | -1.7M | -7.8M | 20.1M | 5M | 12.8M | -11.6M | 25.6M |
| Capital expenditure | 0 | -284K | -357K | -606K | -16K | -746K | -439K | -1.3M | -1.1M | -1.5M | -1.1M | -602K |
| Investing cash flow | 0 | -284K | 23.8M | 14.4M | 33.7M | -126.2M | -25.6M | -17.7M | -21.4M | 12.1M | 42.6M | 38.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | -2.5M | -11.7M | -16.5M | -20.7M | -68.7M |
| Financing cash flow | -5.2M | -5.1M | -7.6M | -6.7M | -5.5M | -6.7M | -7.6M | -13.6M | -22.4M | -26.6M | -25.5M | -75.8M |
| Net change in cash | 3.3M | -6.9M | 18.9M | 16.5M | 28.8M | -134.6M | -41M | -11.2M | -38.9M | -1.7M | 5.5M | -12M |
| Free cash flow | 7.5M | 1.5M | -1.1M | 6.8M | 4.5M | 1.5M | -9.2M | 18.2M | 3.4M | 11.2M | -13.2M | 23.7M |