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 | — | — | — | — | $3M | — |
| FY24 | — | — | — | — | $0 | — |
| FY23 | — | — | — | — | $0 | — |
| FY22 | — | — | — | — | $68M | — |
| FY21 | — | — | — | — | $82M | — |
| FY20 | — | — | — | — | $0 | — |
| FY19 | — | — | — | — | $19.6M | — |
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 | $19.6M | $0 | $82M | $68M | $0 | $0 | $3M |
| YoY change | — | -100% | +InfinityT% | -17.1% | -100% | 0% | +InfinityT% |
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 | 19.6M | 0 | 82M | 68M | 0 | 0 | 3M |
| Cost of revenue | 160K | 0 | 0 | — | — | — | 17M |
| Gross profit | 19.4M | 0 | 82.5M | — | — | — | -14M |
| Gross margin | 99.2% | — | 100.7% | — | — | — | -466.7% |
| Research & development | 107.4M | 179.4M | 697M | 677M | 716M | 676M | 745M |
| Selling, general & administrative | 25.6M | 38.7M | 116M | 129M | 119M | 110M | 142M |
| Operating expenses | 133M | 218.1M | 813M | 806M | 835M | 786M | 887M |
| Operating income | -113.5M | -218.1M | -731M | -738M | -835M | -786M | -901M |
| Operating margin | -579.1% | — | -891.5% | -1.1K% | — | — | -30K% |
| Non-operating income, net | -31K | -45K | -29M | -985M | 39M | 38M | 85M |
| Pretax income | -101.8M | -214.4M | -760M | -1.7B | -796M | -748M | -816M |
| Income tax | -7.8M | 2K | -5M | 0 | 0 | 0 | 0 |
| Net income | -94.1M | -214.4M | -755M | -1.7B | -796M | -748M | -816M |
| Net margin | -480% | — | -920.7% | -2.5K% | — | — | -27.2K% |
| EBITDA | -111.7M | -215M | -695M | 284M | -794M | -741M | -900M |
| EPS | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — | — |
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 | 0 | 0 | 0 | 1M | 1M | 1M | 1M | 2M |
| Cost of revenue | — | — | — | — | — | — | — | 5M | 6M | 6M | 6M | 7M |
| Gross profit | — | — | — | — | — | — | — | -4M | -5M | -5M | -5M | -5M |
| Gross margin | — | — | — | — | — | — | — | -400% | -500% | -500% | -500% | -250% |
| Research & development | 182M | 170M | 166M | 170M | 169M | 171M | 182M | 190M | 179M | 194M | 195M | 211M |
| Selling, general & administrative | 30M | 28M | 27M | 28M | 27M | 28M | 29M | 36M | 38M | 39M | 44M | 50M |
| Operating expenses | 212M | 198M | 193M | 198M | 196M | 199M | 211M | 226M | 217M | 233M | 239M | 261M |
| Operating income | -212M | -198M | -193M | -198M | -196M | -199M | -211M | -230M | -222M | -238M | -244M | -266M |
| Operating margin | — | — | — | — | — | — | — | -23K% | -22.2K% | -23.8K% | -24.4K% | -13.3K% |
| Non-operating income, net | 22M | 6M | 28M | 16M | -12M | 6M | 3M | 29M | 21M | 32M | 21M | -4M |
| Pretax income | -190M | -192M | -165M | -182M | -208M | -193M | -208M | -201M | -201M | -206M | -223M | -270M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -190M | -192M | -165M | -182M | -208M | -193M | -208M | -201M | -201M | -206M | -223M | -270M |
| Net margin | — | — | — | — | — | — | — | -20.1K% | -20.1K% | -20.6K% | -22.3K% | -13.5K% |
| EBITDA | -212M | -179M | -200M | -193M | -164M | -184M | -196M | -241M | -221M | -242M | -237M | -244M |
| EPS | — | — | — | — | — | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | — | — | — | — | — | 0 |
| Enterprise value | — | — | — | — | — | — | — | -137M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | — | — | 0.04 |
| EV/EBITDA | — | — | — | — | — | — | — | 0.15 |
| EV/Sales | — | — | — | — | — | — | — | -45.7 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 99.2% | — | 100.7% | — | — | — | -466.7% | -250% |
| Operating margin | -579.1% | — | -891.5% | -1.1K% | — | — | -30K% | -13.3K% |
| Net margin | -480% | — | -920.7% | -2.5K% | — | — | -27.2K% | -466.7% |
| ROE | -4.16% | 77.5% | -22.6% | -96.6% | -40.1% | -39.9% | -38.1% | -45.6% |
| ROA | -0.75% | -34.7% | -20.5% | -86.1% | -35.6% | -35% | -34.8% | -27.7% |
| ROIC | -1.79% | 38.9% | -38.9% | -90.1% | -92.1% | -101.7% | -95% | -118.6% |
| Return on tangible assets | -1.66% | -47.3% | -331.1% | -225.2% | -79.5% | -49.2% | -47.3% | -58.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.25 | 12.7 | 18.4 | 13.5 | 11 | 11.9 | 11.9 | 11.4 |
| Quick ratio | 1.91 | 12.7 | 18.4 | 13.5 | 11 | 11.9 | 11.9 | 11.4 |
| Debt / equity | 2.43 | -0.38 | 0.04 | 0.08 | 0.06 | 0.06 | 0.04 | 0.04 |
| Debt / assets | 0.44 | 0.17 | 0.04 | 0.07 | 0.05 | 0.06 | 0.04 | 0.04 |
| Net debt / EBITDA | -36.5 | 1.32 | 2.11 | -3.4 | 1.36 | 1.49 | 1.32 | 1.2 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | — | — | — | — | — | 0 |
| EPS (diluted) | — | — | — | — | — | — | — | -2.27 |
| Book value per share | — | — | — | — | — | — | — | 0.98 |
| FCF per share | — | — | — | — | — | — | — | -0.21 |
| Cash per share | — | — | — | — | — | — | — | 0.61 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 19.5% | — | 58.5% | 22.1% | — | — | — | — |
| Capex / operating cash flow | -4.46% | -3.45% | -7.69% | -0.99% | -2.54% | -5.6% | — | — |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Jul 12, 2022 | $0.493 |
| Jun 20, 2022 | $0.40 |
| Jul 6, 2021 | $0.40 |
| Jul 5, 2021 | $0.40 |
| Jun 8, 2020 | $0.40 |
| May 14, 2019 | $0.3833 |
| Jul 10, 2012 | $0.6229 |
| Jan 5, 2012 | $0.6229 |
| Date | Ratio |
|---|---|
| Jun 8, 2020 | 24:23 |
| 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 | $0 | $0 | $0 | $1M | $1M | $1M | $1M | $2M |
| YoY change | -100% | -100% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | +100% |
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 | 1.4B | 387.3M | 1.6B | 1.1B | 1.2B | 1.2B | 1.3B |
| Receivables | 1.5B | — | — | — | — | — | — |
| Inventory | 603.8M | — | — | — | — | — | — |
| Total current assets | 4B | 406.4M | 1.7B | 1.1B | 1.2B | 1.3B | 1.3B |
| Property, plant & equipment | 1.9B | 101.8M | 244.2M | 159M | 134M | 127M | 109M |
| Goodwill & intangibles | 6.9B | 165.5M | 3.5B | 1.2B | 1.2B | 617M | 617M |
| Total assets | 12.6B | 618.9M | 3.7B | 2B | 2.2B | 2.1B | 2.3B |
| Accounts payable | 1.2B | 6.5M | 7.9M | — | — | — | — |
| Short-term debt | 641.8M | 6.7M | 12M | 13M | 15M | 16M | 11M |
| Total current liabilities | 1.8B | 32M | 91M | 83M | 111M | 105M | 111M |
| Long-term debt | 4.8B | 97.2M | 135M | 123M | 107M | 105M | 73M |
| Total liabilities | 6.8B | 895.5M | 348M | 217M | 250M | 263M | 203M |
| Shareholders' equity | 2.3B | -276.6M | 3.3B | 1.8B | 2B | 1.9B | 2.1B |
| Total debt | 5.5B | 103.8M | 147M | 136M | 122M | 121M | 84M |
| Net debt | 4.3B | -283.5M | -1.5B | -126M | -379M | -90M | -137M |
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 | 1.5B | 1.2B | 1.1B | 1B | 1.2B | 1.2B | 1.2B | 1.3B | 1.2B | 1.3B | 1.2B | 1.2B |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.5B | 1.2B | 1.1B | 1B | 1.3B | 1.3B | 1.2B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B |
| Property, plant & equipment | 138M | 134M | 127M | 123M | 133M | 127M | 124M | 118M | 116M | 109M | 116M | 166M |
| Goodwill & intangibles | 617M | 1.2B | 617M | 617M | 617M | 617M | 617M | 617M | 617M | 617M | 617M | 617M |
| Total assets | 2.4B | 2.2B | 2.1B | 1.9B | 2.3B | 2.1B | 2.1B | 2.2B | 2.5B | 2.3B | 2.2B | 2.2B |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 14M | 15M | 15M | 15M | 15M | 16M | 16M | 13M | 12M | 11M | 12M | 12M |
| Total current liabilities | 91M | 111M | 110M | 81M | 93M | 105M | 125M | 79M | 84M | 111M | 134M | 110M |
| Long-term debt | 111M | 107M | 103M | 98M | 109M | 105M | 99M | 98M | 95M | 73M | 67M | 70M |
| Total liabilities | 220M | 250M | 231M | 196M | 247M | 263M | 286M | 223M | 219M | 203M | 221M | 214M |
| Shareholders' equity | 2.1B | 2B | 1.9B | 1.7B | 2B | 1.9B | 1.8B | 2B | 2.3B | 2.1B | 2B | 2B |
| Total debt | 125M | 122M | 118M | 113M | 124M | 121M | 115M | 111M | 107M | 84M | 79M | 82M |
| Net debt | -828M | -379M | -336M | -289M | -139M | -90M | -55M | -95M | 20M | -137M | -194M | -54M |
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 | -94.1M | -214.4M | -755M | -1.7B | -796M | -748M | -816M |
| Depreciation & amortization | 1.8M | 3.1M | 16M | 22M | 21M | 21M | 30M |
| Stock-based compensation | 28.1M | 16.9M | 220M | 156M | 160M | 144M | 188M |
| Change in working capital | -18.1M | -13.4M | -137.1M | 12M | -2M | -51M | 29M |
| Operating cash flow | -85.7M | -193.7M | -624.1M | -1.5B | -590M | -607M | -581M |
| Capital expenditure | -3.8M | -6.7M | -48M | -15M | -15M | -34M | — |
| Investing cash flow | -372.5M | 343.3M | 250M | -852M | 8M | -172M | -214M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | -532K | 0 | — | — | — | — |
| Financing cash flow | 634.3M | 2.1M | 1.5B | 11M | 831M | 492M | 834M |
| Net change in cash | 176M | 151.7M | 1.2B | -2.3B | 249M | -287M | 39M |
| Free cash flow | -98.6M | -198.6M | -612M | -523M | -613M | -645M | -612M |
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 | -190M | -192M | -165M | -182M | -208M | -193M | -208M | -201M | -201M | -206M | -223M | -270M |
| Depreciation & amortization | 5M | 6M | 5M | 6M | 4M | 6M | 6M | 5M | 6M | 13M | 6M | 6M |
| Stock-based compensation | 41M | 37M | 36M | 38M | 35M | 35M | 34M | 55M | 51M | 48M | 46M | 60M |
| Change in working capital | 2M | 4M | -13M | -37M | -2M | 1M | 15M | 9M | -5M | 10M | 14M | -43M |
| Operating cash flow | -136M | -138M | -130M | -169M | -164M | -144M | -146M | -144M | -149M | -146M | -159M | -225M |
| Capital expenditure | -5M | -4M | -8M | -11M | -7M | -8M | -8M | — | — | — | — | — |
| Investing cash flow | 104M | -324M | 101M | 155M | -466M | 73M | 19M | -111M | -411M | 281M | 234M | -78M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 832M | 4M | 2M | 4M | 469M | 17M | 82M | 298M | 448M | 6M | 4M | 199M |
| Net change in cash | 800M | -458M | -27M | -10M | -161M | -54M | -45M | 43M | -112M | 141M | 79M | -104M |
| Free cash flow | -152M | -137M | -158M | -187M | -150M | -150M | -150M | -151M | -157M | -154M | -184M | -256M |