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 % |
|---|---|---|---|---|---|---|
| Q3 26 | -$1.23 | -$1.36 | -10.6% | — | $75.3M | — |
| Q2 26 | -$1.11 | -$0.93 | +16.2% | — | $73.7M | — |
| Q1 26 | -$0.37 | $0.22 | +159.5% | — | $264M | — |
| Q4 25 | -$0.16 | -$0.18 | -12.5% | — | $256.5M | — |
| Q3 25 | -$1.1 | -$1.26 | -14.5% | — | $27.8M | — |
| Q2 25 | -$0.46 | $2.75 | +697.8% | — | $542.7M | — |
| Q1 25 | -$0.72 | -$1.39 | -93.1% | — | $2.5M | — |
| Q4 24 | -$0.92 | -$1.37 | -48.9% | — | $0 | — |
| Q3 24 | -$0.59 | -$1.38 | -133.9% | — | $0 | — |
| Q2 24 | -$0.2 | -$1.02 | -410.0% | — | $0 | — |
| Q1 24 | -$0.83 | -$1.24 | -49.4% | — | $3.6M | — |
| Q4 23 | -$0.6 | -$1.02 | -70.0% | — | $16.1M | — |
| Q3 23 | -$0.65 | -$0.96 | -47.7% | — | $15.8M | — |
| Q2 23 | -$0.64 | $0.45 | +170.3% | — | $146.3M | — |
| Q1 23 | $0.44 | -$0.39 | -188.6% | — | $62.5M | — |
| Q4 22 | -$0.17 | -$0.81 | -376.5% | — | $31.6M | — |
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 | — | -$0.01 | — | — | $829.4M | — |
| FY24 | — | -$5 | — | — | $3.6M | — |
| FY23 | — | -$1.91 | — | — | $240.7M | — |
| FY22 | — | -$1.63 | — | — | $243.2M |
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 | $158.3K | $31.4M | $16.1M | $168.8M | $88M | $138.3M | $243.2M | $240.7M | $3.6M | $829.4M |
| YoY change | -58.6% | +19.7K% | -48.6% | +945.7% | -47.9% | +57.2% | +75.9% | -1.03% | -98.5% | +23.3K% |
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 | 158.3K | 31.4M | 16.1M | 168.8M | 88M | 138.3M | 243.2M | 240.7M | 3.6M | 829.4M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 62.1M | 50.9M | 53M | 81M | 128.9M | 206.3M | 297.3M | 353.2M | 505.9M | 607.2M |
| Selling, general & administrative | 23.6M | 17.5M | 19.1M | 26.6M | 52.3M | 81M | 124.4M | 90.9M | 96.8M | 121.9M |
| Operating expenses | 79.9M | 68.4M | 72.1M | 107.6M | 181.2M | 287.3M | 421.7M | 444.1M | 602.7M | 729.1M |
| Operating income | -79.7M | -37M | -55.9M | 61.2M | -93.2M | -149M | -178.5M | -205M | -601.1M | 98.3M |
| Operating margin | -50.3K% | -117.8% | -346.5% | 36.3% | -105.9% | -107.8% | -73.4% | -85.2% | -16.9K% | 11.9% |
| Non-operating income, net | -2.3M | 2.2M | 439.6K | — | -583K | 2.1M | 765K | 1.5M | -1.7M | 5.3M |
| Pretax income | -81.7M | -34.4M | -54.4M | 68.1M | -84.6M | -140.8M | -172.7M | -206.5M | -612.5M | 51.5M |
| Income tax | 2.4K | 2.4K | 2.4K | 174K | 2K | 2K | 3.8M | 2.8M | -2.8M | 21.4M |
| Net income | -81.7M | -34.4M | -54.5M | 68M | -84.6M | -140.8M | -176.5M | -209.3M | -609.7M | 30.1M |
| Net margin | -51.6K% | -109.5% | -337.3% | 40.3% | -96.1% | -101.9% | -72.6% | -86.9% | -17.2K% | 3.63% |
| EBITDA | -74.1M | -33.2M | -51.7M | 65.6M | -87.2M | -132.6M | -162.3M | -175.7M | -561.5M | 164.8M |
| EPS | -1.34 | -0.47 | -0.65 | 0.72 | -0.84 | -1.36 | -1.63 | -1.91 | -5 | -0.01 |
| Diluted EPS | -1.34 | -0.47 | -0.65 | 0.69 | -0.84 | -1.36 | -1.67 | -1.92 | -5 | -0.01 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16.1M | 3.6M | 0 | 0 | 0 | 2.5M | 542.7M | 27.8M | 256.5M | 264M | 73.7M | 75.3M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 99.9M | 116.5M | 101.1M | 152.4M | 135.8M | 137M | 133.1M | 162.4M | 174.7M | 177.2M | 173.3M | 198.2M |
| Selling, general & administrative | 24.2M | 23.2M | 24.6M | 23.2M | 25.8M | 26.4M | 27.9M | 30.4M | 37.2M | 45.5M | 41.2M | 46.6M |
| Operating expenses | 124M | 139.7M | 125.8M | 175.6M | 161.6M | 163.4M | 161M | 192.8M | 211.9M | 222.7M | 214.5M | 244.9M |
| Operating income | -108.3M | -136.5M | -126.2M | -176.1M | -162.2M | -161.4M | 381.2M | -165.6M | 44.1M | 40.8M | -141.3M | -170.1M |
| Operating margin | -673% | -3.8K% | — | — | — | -6.5K% | 70.2% | -596.2% | 17.2% | 15.5% | -191.6% | -226% |
| Non-operating income, net | 717K | 421K | 189K | 760K | -3.1M | 341K | 438K | -176K | 4.7M | 277K | 10.7M | -1.2M |
| Pretax income | -109M | -138.7M | -127M | -174M | -172.8M | -175.1M | 369.6M | -179.1M | 36.1M | 28.3M | -137.6M | -178.9M |
| Income tax | 2M | -3.3M | 0 | 0 | 546K | 103K | 1.8M | -437K | 20M | 29K | 7K | 11K |
| Net income | -111M | -135.4M | -127M | -174M | -173.3M | -175.2M | 367.9M | -178.7M | 16.1M | 28.2M | -137.6M | -178.9M |
| Net margin | -689.7% | -3.8K% | — | — | — | -7K% | 67.8% | -643.4% | 6.29% | 10.7% | -186.6% | -237.8% |
| EBITDA | -99.9M | -129.1M | -115.2M | -164.1M | -153.1M | -148.2M | 397.3M | -148.5M | 64.2M | 57.2M | -126.4M | -147.7M |
| EPS | — | -1.24 | -1.02 | -1.38 | — | -1.39 | 2.78 | -1.26 | — | 0.22 | -0.93 | -1.36 |
| Diluted EPS | — | -1.24 | -1.02 | -1.38 | — | -1.39 | 2.75 | -1.26 | — | 0.22 | -0.93 | -1.36 |
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 | 448.7M | — | — | — | 4.3B | 6.5B | 3.5B | 2.9B | — | — | 9.2B |
| Enterprise value | 366.1M | — | — | — | 4B | 6.1B | 3.2B | 2.6B | — | — | 9.1B |
| Shares outstanding | 61.1M | 73.9M | 83.6M | 93.9M | 100.7M | 103.7M | 106M | 107.3M | 119.8M | 133.8M | 133.8M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 47.1 |
| P/S | 2.8K | — | — | — | 49.3 | 46.8 | 14.4 | 12 | — | — | 13.9 |
| P/B | 4.72 | — | — | — | 9.39 | 15.8 | 8.37 | 10 | — | — | 20 |
| EV/EBITDA | -4.94 | — | — | — | -46.4 | -46.3 | -19.8 | -14.8 | — | — | -45.3 |
| EV/Sales | 2.3K | — | — | — | 45.9 | 44.4 | 13.2 | 10.8 | — | — | 13.6 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 2.12% |
| FCF yield | -15.2% | — | — | — | -2.48% | 2.28% | -5.39% | -11.5% | — | — | -0.53% |
| PEG | — | — | — | — | — | — | — | — | — | — | 5.93 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -50.3K% | -117.8% | -346.5% | 36.3% | -105.9% | -107.8% | -73.4% | -85.2% | -16.9K% | 11.9% | -226% |
| Net margin | -51.6K% | -109.5% | -337.3% | 40.3% | -96.1% | -101.9% | -72.6% | -86.9% | -17.2K% | 3.63% | -47.8% |
| ROE | -86% | -42.5% | -57.2% | 27.9% | -18.3% | -34.5% | -42.2% | -72.9% | -319.1% | 5.98% | -55.2% |
| ROA | -63.8% | -33.1% | -48.8% | 19.4% | -16.2% | -19.8% | -25.5% | -27.3% | -53.5% | 2.17% | -8.1% |
| ROIC | -643.4% | -207.9% | -265.9% | -416.1% | -55.6% | -223.9% | -144.5% | 15.9K% | -2.9K% | -115.7% | 148.8% |
| Return on tangible assets | -97.5% | -54.5% | -73.5% | 21.5% | -17.2% | -20.6% | -26.4% | -28.1% | -54.3% | 2.2% | -13% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.53 | 3.63 | 6.37 | 2.73 | 7.92 | 2.62 | 2.92 | 3.95 | 6.74 | 4.86 | 5.9 |
| Quick ratio | 3.53 | 3.63 | 6.37 | 2.73 | 7.92 | 2.62 | 2.92 | 3.95 | 6.74 | 4.86 | 5.9 |
| Debt / equity | 0.03 | 0.03 | 0.02 | 0 | 0.05 | 0.06 | 0.19 | 0.4 | 2.67 | 0.73 | 2.96 |
| Debt / assets | 0.02 | 0.02 | 0.02 | 0 | 0.04 | 0.04 | 0.12 | 0.15 | 0.45 | 0.26 | 0.47 |
| Net debt / EBITDA | 1.12 | 1.9 | 1.44 | -3.94 | 3.37 | 2.58 | 1.82 | 1.64 | 0.3 | -3.36 | 4.05 |
| Interest coverage | — | — | — | — | — | — | — | -10.3 | -17.9 | 1.58 | -1.72 |
| Effective tax rate | 0% | 0% | 0% | 0.26% | 0% | 0% | 0% | 0% | 0% | 41.6% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.43 | 0.19 | 1.8 | 0.87 | 1.33 | 2.3 | 2.24 | 0.03 | 6.2 | 4.77 |
| EPS (basic) | -1.34 | -0.47 | -0.65 | 0.72 | -0.84 | -1.36 | -1.63 | -1.91 | -5 | -0.01 | -0.01 |
| EPS (diluted) | -1.34 | -0.47 | -0.65 | 0.69 | -0.84 | -1.36 | -1.67 | -1.92 | -5 | -0.01 | -2.28 |
| Book value per share | 1.56 | 1.09 | 1.14 | 2.6 | 4.58 | 3.94 | 3.95 | 2.68 | 1.6 | 3.76 | 3.3 |
| FCF per share | -1.12 | -0.43 | -0.58 | 1.72 | -1.07 | 1.42 | -1.78 | -3.08 | -5.05 | 1.17 | -0.52 |
| Cash per share | 1.4 | 0.89 | 0.92 | 2.76 | 3.13 | 3.55 | 3.55 | 3.76 | 5.68 | 6.87 | 11.3 |
| Capex per share | 0.06 | 0.11 | 0.02 | 0.13 | 0.12 | 0.23 | 0.5 | 1.65 | 1.18 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.4K% | 25.2% | 8.8% | 7.11% | 13.6% | 17% | 21.7% | 73.4% | 4K% | — | — |
| Capex / operating cash flow | -5.95% | -31.1% | -2.95% | 6.89% | -12.3% | 14.4% | -38% | -119% | -28.9% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$1.36 | — | — | $138.3M | — |
| FY20 | — | -$0.84 | — | — | $88M | — |
| FY19 | — | $0.72 | — | — | $168.8M | — |
| FY18 | — | -$0.65 | — | — | $16.1M | — |
| FY17 | — | -$0.47 | — | — | $31.4M | — |
| FY16 | — | -$1.34 | — | — | $158.3K | — |
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.1M | $3.6M | $0 | $0 | $0 | $2.5M | $542.7M | $27.8M | $256.5M | $264M | $73.7M | $75.3M |
| YoY change | -49% | -94.3% | -100% | -100% | -100% | -29.6% | +InfinityT% | +InfinityT% | +InfinityT% | +10.5K% | -86.4% | +171% |
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 | 85.4M | 65.6M | 76.5M | 258.7M | 315.5M | 367.8M | 376.4M | 403.6M | 681M | 919.4M |
| Receivables | 75K | 67.8K | 327.4K | 661.4K | 846K | 10.3M | 1.4M | 0 | — | 6.8M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 90.5M | 67.9M | 78.8M | 265.2M | 322.4M | 384.6M | 405.3M | 416.5M | 695.5M | 950.6M |
| Property, plant & equipment | 15.4M | 15.5M | 13.9M | 23.2M | 47M | 66M | 168.6M | 335.6M | 355.3M | 175.1M |
| Goodwill & intangibles | 44.3M | 40.9M | 37.5M | 34.1M | 30.7M | 27.3M | 23.9M | 20.5M | 17.1M | 13.7M |
| Total assets | 128.2M | 104M | 111.6M | 349.8M | 522.5M | 710.1M | 691.9M | 765.6M | 1.1B | 1.4B |
| Accounts payable | 12.2M | 4.1M | 2.8M | 7.6M | 6.8M | 9.5M | 2.9M | 35.9M | 11.4M | 17.7M |
| Short-term debt | 194.3K | 208.5K | 223.8K | — | 1.1M | 2.3M | 2.8M | 10.6M | 6.3M | 47.3M |
| Total current liabilities | 25.6M | 18.7M | 12.4M | 97.1M | 40.7M | 146.5M | 138.8M | 105.5M | 103.2M | 195.5M |
| Long-term debt | 2.5M | 2.3M | 2.1M | 0 | 20M | 23.3M | 78.8M | 104.6M | 504.2M | 319M |
| Total liabilities | 33.2M | 23.2M | 16.4M | 105.8M | 60.7M | 301.3M | 273.6M | 478.4M | 948.7M | 881.9M |
| Shareholders' equity | 95M | 80.9M | 95.2M | 244M | 461.8M | 408.8M | 418.3M | 287.2M | 191.1M | 503.4M |
| Total debt | 2.7M | 2.5M | 2.3M | 0 | 21.1M | 25.5M | 81.6M | 115.2M | 510.6M | 366.3M |
| Net debt | -82.6M | -22.3M | -27.8M | -221.8M | -122.4M | -158.9M | -26.4M | 4.3M | 407.9M | 277.6M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 403.6M | 220.3M | 523.1M | 434.5M | 681M | 552.9M | 1.1B | 900.4M | 919.4M | 916.6M | 1.8B | 1.6B |
| Receivables | 0 | — | — | — | — | 2.5M | 2.4M | 9.7M | 6.8M | 218.9M | 15.7M | 8.6M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 416.5M | 237.9M | 541.6M | 450.1M | 695.5M | 570.5M | 1.1B | 946.9M | 950.6M | 1.2B | 1.8B | 1.7B |
| Property, plant & equipment | 335.6M | 306.5M | 328.6M | 300M | 355.3M | 193.2M | 180.4M | 175.8M | 175.1M | 169.4M | 164.7M | 174.1M |
| Goodwill & intangibles | 20.5M | 19.7M | 18.8M | 18M | 17.1M | 16.3M | 15.4M | 14.6M | 13.7M | 12.9M | 12M | 11.2M |
| Total assets | 765.6M | 626.3M | 955.1M | 883.8M | 1.1B | 1B | 1.6B | 1.4B | 1.4B | 1.6B | 2.3B | 2.1B |
| Accounts payable | 35.9M | 4.5M | 8.5M | 26.6M | 11.4M | 14.5M | 10M | 33M | 17.7M | 32.9M | 30.7M | 27.8M |
| Short-term debt | 10.6M | 3.4M | 5.3M | 6.1M | 6.3M | 8.2M | 71.8M | 47M | 47.3M | 47.5M | 47.8M | 45.3M |
| Total current liabilities | 105.5M | 63.7M | 65.2M | 96.7M | 103.2M | 93.8M | 220.5M | 194.5M | 195.5M | 347.4M | 295.2M | 283.3M |
| Long-term debt | 104.6M | 115.2M | 113.6M | 112M | 504.2M | 517.1M | 316.5M | 306M | 319M | 265.2M | 941.7M | 938.4M |
| Total liabilities | 478.4M | 452.6M | 459.7M | 544.8M | 948.7M | 957.6M | 889.3M | 860.8M | 881.9M | 1B | 1.7B | 1.6B |
| Shareholders' equity | 287.2M | 173.7M | 495.4M | 339M | 191.1M | 56.1M | 684.2M | 519.8M | 503.4M | 562.7M | 598.9M | 466M |
| Total debt | 115.2M | 118.6M | 118.9M | 118.1M | 510.6M | 525.3M | 388.2M | 353M | 366.3M | 312.8M | 989.5M | 983.7M |
| Net debt | 4.3M | 60.4M | -8.8M | 50.9M | 407.9M | 471.4M | 202.5M | 223.2M | 277.6M | 241.4M | 841.9M | 964M |
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 | -81.7M | -34.4M | -54.5M | 68M | -84.6M | -140.8M | -176.5M | -209.3M | -609.7M | 30.1M |
| Depreciation & amortization | 3.3M | 4.7M | 4.7M | 4.4M | 5.9M | 8.3M | 10.4M | 12.5M | 18.6M | 23.9M |
| Stock-based compensation | 11.6M | 7.9M | 8.5M | 12.4M | 43.4M | 76.7M | 120.9M | 78.1M | 74M | 63.4M |
| Change in working capital | 7.6M | -3.6M | -7.2M | 88.4M | -62.7M | 219.5M | -96.8M | -48.2M | -5.4M | -49.8M |
| Operating cash flow | -64.9M | -25.5M | -48.1M | 174.3M | -97.4M | 163.9M | -139M | -148.5M | -490.1M | 179.6M |
| Capital expenditure | -3.9M | -7.9M | -1.4M | -12M | -12M | -23.6M | -52.8M | -176.7M | -141.5M | — |
| Investing cash flow | 13.4M | -48.6M | -7.4M | -47.7M | -240.8M | -141.7M | -5.4M | -96.2M | -420.1M | -106.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 51.4M | 11.8M | 56.3M | 58.1M | 250.5M | 0 | 60M | 250M | 868.1M | 45M |
| Net change in cash | -59.3K | -62.3M | 760K | 184.7M | -87.7M | 22.2M | -84.4M | 5.3M | -42.1M | 117.9M |
| Free cash flow | -68.3M | -31.9M | -48.6M | 161M | -107.8M | 147.7M | -188.9M | -330.6M | -604.3M | 156.9M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -111M | -135.4M | -127M | -174M | -173.3M | -175.2M | 367.9M | -178.7M | 16.1M | 28.2M | -137.6M | -178.9M |
| Depreciation & amortization | 3.9M | 4.3M | 4.5M | 4.8M | 5M | 5.2M | 6.1M | 6.2M | 6.4M | 6.4M | 6.4M | 6.7M |
| Stock-based compensation | 18.2M | 19.7M | 17.8M | 17.1M | 19.5M | 15.2M | 16M | 13M | 19.1M | 19.4M | 16.7M | 14.9M |
| Change in working capital | 58.6M | -9.5M | 8.5M | 10.7M | -7.3M | 843K | 37M | -5.6M | -84.3M | -35.1M | 191.6M | -30.9M |
| Operating cash flow | -24M | -115.6M | -89M | -136.4M | -141.5M | -132.3M | 448.6M | -154.7M | 20.5M | 13.5M | 84.4M | -177.5M |
| Capital expenditure | -63.9M | -68.7M | -34.1M | -14.4M | -24.3M | -7.5M | -5.3M | — | — | — | — | — |
| Investing cash flow | 30.5M | 64.8M | -268.9M | 6.9M | -222.9M | 76.9M | -420.2M | 143.8M | 80.1M | -21.6M | -891.7M | 47.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -669K | — | — | 0 | -3.1M | -5M | 89.8M | -50M | 0 | -19.8M | -16.5M | -3.1M |
| Net change in cash | 5.8M | -50.7M | -357.9M | -129.5M | -367.5M | -60.4M | 118.2M | -61M | 100.6M | -28M | -823.8M | -133M |
| Free cash flow | -89.2M | -186.5M | -126.5M | -129.9M | -161.5M | -153.8M | 454.8M | -157.1M | 13M | 11.3M | 81.9M | -181.3M |