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 | $0.08 | $0.13 | +62.5% | — | $124.5M | — |
| Q1 26 | $0.08 | $0.1 | +25.0% | — | $117.2M | — |
| Q4 25 | $0.09 | $0.1 | +11.1% | — | $114.7M | — |
| Q2 25 | $0.06 | $0.03 | -50.0% | — | $102M | — |
| Q1 25 | $0.05 | $0.05 | 0.0% | — | $93.1M | — |
| Q4 24 | $0.05 | -$0.05 | -200.0% | — | $89.2M | — |
| Q3 24 | $0.05 | $0.06 | +20.0% | — | $88.8M | — |
| Q2 24 | $0.02 | -$0.01 | -150.0% | — | $78M | — |
| Q1 24 | $0.01 | $0.04 | +300.0% | — | $74.5M | — |
| Q4 23 | $0.04 | $0.07 | +75.0% | — | $74.6M | — |
| Q3 23 | $0.02 | $0.03 | +50.0% | — | $72.8M | — |
| Q2 23 | $0.01 | -$0.02 | -300.0% | — | $64.9M | — |
| Q1 23 | -$0.01 | -$0.05 | -400.0% | — | $59.6M | — |
| Q4 22 | $0.02 | -$0.06 | -400.0% | — | $63.6M | — |
| Q3 22 | $0.01 | $0.01 | 0.0% | — | $62.7M | — |
| Q2 22 | -$0.01 | -$0.01 | 0.0% | — | $55.7M | — |
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 | — | $0.17 | — | — | $419.5M | — |
| FY24 | — | -$0.16 | — | — | $330.5M | — |
| FY23 | — | -$0.12 | — | — | $271.8M | — |
| FY22 | — | -$0.23 | — | — | $232.3M | — |
| 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 | $116.1M | $151.5M | $191.9M | $232.3M | $271.8M | $330.5M | $419.5M |
| YoY change | — | +30.5% | +26.6% | +21.1% | +17% | +21.6% | +26.9% |
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 | 116.1M | 151.5M | 191.9M | 232.3M | 271.8M | 330.5M | 419.5M |
| Cost of revenue | 36.4M | 40.3M | 53M | 66.3M | 77.5M | 82.5M | 108.8M |
| Gross profit | 79.7M | 111.2M | 138.9M | 166.1M | 194.4M | 248M | 310.7M |
| Gross margin | 68.6% | 73.4% | 72.4% | 71.5% | 71.5% | 75% | 74.1% |
| Research & development | 11.1M | 12.2M | 32.1M | 31.4M | 36.3M | 48.7M | 52.6M |
| Selling, general & administrative | 86.5M | 113.4M | 160.3M | 175.8M | 173.4M | 192.1M | 225.1M |
| Operating expenses | 97.7M | 125.6M | 192.4M | 207.1M | 209.7M | 240.8M | 277.7M |
| Operating income | -19M | -15.4M | -53.5M | -41.1M | -15.4M | 7.2M | 33M |
| Operating margin | -16.4% | -10.2% | -27.9% | -17.7% | -5.65% | 2.17% | 7.87% |
| Non-operating income, net | -604K | -511K | 20.6M | 7.5M | -3.3M | -31.7M | 2.9M |
| Pretax income | -19.6M | -15.9M | -32.8M | -33.6M | -18.6M | -24.4M | 40.5M |
| Income tax | 614K | 1.1M | 457K | 5M | 2.9M | 4.7M | 5.4M |
| Net income | -20.2M | -17M | -33.2M | -38.7M | -21.5M | -29.1M | 35.1M |
| Net margin | -17.4% | -11.2% | -17.3% | -16.7% | -7.91% | -8.82% | 8.37% |
| EBITDA | -18M | -14.4M | -72.6M | -37.5M | -7.3M | 41.2M | 36.6M |
| EPS | -0.71 | -0.29 | -0.48 | -0.23 | -0.12 | -0.16 | 0.17 |
| Diluted EPS | -0.71 | -0.29 | -0.48 | -0.23 | -0.12 | -0.16 | 0.15 |
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 | 72.8M | 74.6M | 74.5M | 78M | 88.8M | 89.2M | 93.1M | 102M | 109.7M | 114.7M | 117.2M | 124.5M |
| Cost of revenue | 20.2M | 19.6M | 20.4M | 18.9M | 21.2M | 21.9M | 23.9M | 26.5M | 28.1M | 30.3M | 31.9M | 33.5M |
| Gross profit | 52.6M | 55M | 54.1M | 59M | 67.6M | 67.3M | 69.2M | 75.5M | 81.6M | 84.4M | 85.4M | 91M |
| Gross margin | 72.3% | 73.7% | 72.6% | 75.7% | 76.1% | 75.4% | 74.3% | 74% | 74.4% | 73.6% | 72.8% | 73.1% |
| Research & development | 8.6M | 9.4M | 10.5M | 12.5M | 12.8M | 12.9M | 12.7M | 13M | 13.9M | 13M | 13.8M | 16.6M |
| Selling, general & administrative | 44.3M | 44.7M | 46.8M | 48.7M | 47.1M | 49.5M | 53.2M | 55.5M | 59.5M | 56.9M | 58.9M | 64.2M |
| Operating expenses | 52.9M | 54.1M | 57.3M | 61.2M | 59.9M | 62.4M | 65.9M | 68.4M | 73.5M | 69.9M | 72.6M | 80.8M |
| Operating income | -313K | 878K | -3.2M | -2.1M | 7.7M | 4.9M | 3.3M | 7.1M | 8.1M | 14.5M | 12.7M | 10.2M |
| Operating margin | -0.43% | 1.18% | -4.29% | -2.74% | 8.62% | 5.44% | 3.53% | 6.95% | 7.41% | 12.7% | 10.9% | 8.21% |
| Non-operating income, net | -1.3M | -870K | 3.4M | -7M | -4.6M | -23.5M | 1.9M | -1.6M | 2.3M | 330K | 3.6M | 3.3M |
| Pretax income | -1.4M | -809K | 203K | -9.1M | 3.1M | -18.6M | 4.9M | 6.9M | 12.8M | 16M | 16.5M | 12M |
| Income tax | 2.8M | -5.2M | 2.2M | 3.8M | 183K | -1.4M | 1.3M | 4M | -210K | 323K | 1.3M | -15.6M |
| Net income | -4.2M | 4.4M | -2M | -12.9M | 2.9M | -17.2M | 3.6M | 2.9M | 13M | 15.6M | 15.3M | 27.6M |
| Net margin | -5.81% | 5.94% | -2.62% | -16.6% | 3.3% | -19.3% | 3.83% | 2.84% | 11.9% | 13.6% | 13% | 22.1% |
| EBITDA | 2.2M | -1.5M | -5.2M | 6.2M | 11M | 29.4M | 2.7M | 10.2M | 7.9M | 15.8M | 10.8M | 8.7M |
| EPS | -0.02 | — | -0.01 | -0.07 | 0.01 | -0.09 | 0.02 | 0.01 | 0.06 | 0.07 | 0.07 | 0.13 |
| Diluted EPS | -0.02 | — | -0.01 | -0.07 | 0.01 | -0.09 | 0.02 | 0.01 | 0.06 | 0.07 | 0.07 | 0.12 |
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 | 1.8B | 2.7B | — | — | 1.5B | 3B | — | 2.9B |
| Enterprise value | 1.8B | 2.6B | — | — | 1.3B | 2.8B | — | 2.5B |
| Shares outstanding | 180.3M | 180.3M | 141.6M | 182M | 182.3M | 183.7M | 207.6M | 207.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 41.4 |
| P/S | 15.3 | 17.9 | — | — | 5.5 | 9.18 | — | 6.2 |
| P/B | — | 134 | — | — | 6.65 | 11.2 | — | 6.62 |
| EV/EBITDA | -99.1 | -183.3 | — | — | -175.3 | 66.9 | — | 47.6 |
| EV/Sales | 15.3 | 17.4 | — | — | 4.72 | 8.35 | — | 5.37 |
| Earnings yield | — | — | — | — | — | — | — | 2.41% |
| FCF yield | -0.18% | 0.67% | — | — | 2.08% | 2.79% | — | 2.82% |
| PEG | — | — | — | — | — | — | — | 0.03 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 68.6% | 73.4% | 72.4% | 71.5% | 71.5% | 75% | 74.1% | 73.1% |
| Operating margin | -16.4% | -10.2% | -27.9% | -17.7% | -5.65% | 2.17% | 7.87% | 8.21% |
| Net margin | -17.4% | -11.2% | -17.3% | -16.7% | -7.91% | -8.82% | 8.37% | 15.3% |
| ROE | — | -84.1% | -13% | -15.9% | -9.56% | -10.8% | 7.34% | 16.2% |
| ROA | — | -10% | -8.55% | -9.31% | -4.86% | -5.61% | 4.45% | 3.96% |
| ROIC | — | 30.9% | 355.1% | -136.5% | -121.1% | -209.5% | 377.5% | 126.9% |
| Return on tangible assets | — | -10% | -8.55% | -10.9% | -5.61% | -6.26% | 5.1% | 10.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.31 | 3.01 | 2.15 | 1.84 | 1.77 | 2.28 | 2 |
| Quick ratio | — | 1.31 | 3.01 | 2.15 | 1.84 | 1.77 | 2.28 | 2 |
| Debt / equity | — | — | 0 | 0.07 | 0.07 | 0.06 | 0.02 | 0.06 |
| Debt / assets | — | — | 0 | 0.04 | 0.03 | 0.03 | 0.01 | 0.02 |
| Net debt / EBITDA | — | — | 3.73 | 5.68 | 29 | -6.65 | -12.9 | -9.27 |
| Interest coverage | — | — | — | -840.3 | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 13.3% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.64 | 0.84 | 1.36 | 1.28 | 1.49 | 1.8 | 2.02 | 2.19 |
| EPS (basic) | -0.71 | -0.29 | -0.48 | -0.23 | -0.12 | -0.16 | 0.17 | 0.17 |
| EPS (diluted) | -0.71 | -0.29 | -0.48 | -0.23 | -0.12 | -0.16 | 0.15 | 0.33 |
| Book value per share | — | 0.11 | 1.8 | 1.34 | 1.23 | 1.47 | 2.31 | 2.07 |
| FCF per share | -0.02 | 0.1 | 0.02 | -0.03 | 0.17 | 0.46 | 0.39 | 0.45 |
| Cash per share | — | 0.39 | 1.91 | 1.26 | 1.24 | 1.58 | 2.32 | 1.97 |
| Capex per share | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.93% | 0.68% | 1.28% | 1.66% | 0.77% | 0.92% | 0.39% | 0.38% |
| Capex / operating cash flow | -37.7% | 5.84% | 25.5% | 126.2% | 5.66% | 3.33% | 1.9% | 1.7% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| -$0.48 |
| — |
| — |
| $191.9M |
| — |
| FY20 | — | -$0.29 | — | — | $151.5M | — |
| FY19 | — | -$0.71 | — | — | $116.1M | — |
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $72.8M | $74.6M | $74.5M | $78M | $88.8M | $89.2M | $93.1M | $102M | $109.7M | $114.7M | $117.2M | $124.5M |
| YoY change | +16% | +17.3% | +25.1% | +20.2% | +22.1% | +19.5% | +24.9% | +30.9% | +23.6% | +28.6% | +26% | +22% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 70.1M | 270.6M | 229.8M | 226.9M | 290.9M | 481.1M |
| Receivables | 33.5M | 38M | 47M | 60.5M | 68M | 98.1M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 120.7M | 334.2M | 306.3M | 325.6M | 394.8M | 625.3M |
| Property, plant & equipment | 1.9M | 3.1M | 20.7M | 18.3M | 20.6M | 22.1M |
| Goodwill & intangibles | — | 0 | 60M | 59.4M | 53.2M | 100.1M |
| Total assets | 169.1M | 388.7M | 415.5M | 442.6M | 519.1M | 789.2M |
| Accounts payable | 774K | 1.8M | 1.5M | 1.4M | 2.4M | 3.8M |
| Short-term debt | — | — | 5.4M | 5.3M | 6.6M | — |
| Total current liabilities | 92.2M | 111.2M | 142.7M | 176.7M | 223M | 273.7M |
| Long-term debt | — | 0 | 11.3M | 9.4M | 9.9M | 9.9M |
| Total liabilities | 148.9M | 133.2M | 172.4M | 217.7M | 248.1M | 310.5M |
| Shareholders' equity | 20.2M | 255.6M | 243.2M | 224.8M | 270.9M | 478.7M |
| Total debt | — | 0 | 16.7M | 14.7M | 16.5M | 9.9M |
| Net debt | — | -268.2M | -210.4M | -208.4M | -274.2M | -471.1M |
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 | 209.3M | 226.9M | 219.3M | 230.8M | 250M | 290.9M | 351.8M | 430.1M | 471.6M | 481.1M | 444.1M | 417.3M |
| Receivables | 50.7M | 60.5M | 47M | 52M | 57.4M | 68M | 60.1M | 71.6M | 66M | 98.1M | 78.8M | 89.7M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 286.9M | 325.6M | 303.7M | 316.9M | 341M | 394.8M | 446.6M | 539.8M | 580.7M | 625.3M | 562.2M | 557.5M |
| Property, plant & equipment | 19.5M | 18.3M | 17.8M | 17.9M | 19.5M | 20.6M | 23.8M | 24.6M | 24.5M | 22.1M | 28.3M | 32.9M |
| Goodwill & intangibles | 58M | 59.4M | 57.7M | 56.6M | 57.4M | 53.2M | 96.6M | 100.8M | 100.5M | 100.1M | 97.4M | 95.8M |
| Total assets | 398.2M | 442.6M | 413.8M | 427.3M | 463M | 519.1M | 598.8M | 700.1M | 743.5M | 789.2M | 734.2M | 757M |
| Accounts payable | 1.9M | 1.4M | 7.3M | 7.5M | 3.9M | 2.4M | 2.3M | 1.8M | 2.5M | 3.8M | 4M | 3.3M |
| Short-term debt | — | 5.3M | — | — | — | 6.6M | — | — | — | — | — | — |
| Total current liabilities | 148.8M | 176.7M | 163.5M | 172.7M | 194.7M | 223M | 208.2M | 228.2M | 244.9M | 273.7M | 260.3M | 278.9M |
| Long-term debt | 10M | 9.4M | 8.1M | 8.4M | 9M | 9.9M | 11.6M | 11.6M | 11.3M | 9.9M | 13.3M | 16.3M |
| Total liabilities | 184.1M | 217.7M | 201.1M | 219.9M | 247.2M | 248.1M | 237.4M | 257M | 276.7M | 310.5M | 295.4M | 320.1M |
| Shareholders' equity | 214.1M | 224.8M | 212.7M | 207.4M | 215.7M | 270.9M | 361.5M | 443.1M | 466.8M | 478.7M | 438.8M | 436.9M |
| Total debt | 10M | 14.7M | 8.1M | 8.4M | 9M | 16.5M | 11.6M | 11.6M | 11.3M | 9.9M | 13.3M | 16.3M |
| Net debt | -195.8M | -208.4M | -207.4M | -218.6M | -240.8M | -274.2M | -339.8M | -418.2M | -460.3M | -471.1M | -430.9M | -400.9M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -20.2M | -17M | -33.2M | -38.7M | -21.5M | -29.1M | 35.1M |
| Depreciation & amortization | 1M | 1.1M | 1.2M | 3.5M | 4.7M | 5.4M | 6.2M |
| Stock-based compensation | 13.9M | 33.8M | 59.5M | 37.2M | 36M | 39.1M | 39.3M |
| Change in working capital | 4M | 100K | 4.3M | -3.6M | -268K | 32.1M | -7.7M |
| Operating cash flow | -2.9M | 17.5M | 9.6M | 3.1M | 36.9M | 91.4M | 85.3M |
| Capital expenditure | -1.1M | -1M | -2.5M | -3.9M | -2.1M | -3M | -1.6M |
| Investing cash flow | -1.5M | 1.4M | -3.4M | -19.8M | -4.2M | -1.4M | -16.5M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -179M | -33.7M | -132.6M | -19.9M | -39M | -33.1M | -49.8M |
| Financing cash flow | -182K | 34.9M | 299.2M | -20M | -39.2M | -39.8M | -61.9M |
| Net change in cash | -4.5M | 53.8M | 305.5M | -36.8M | -6.6M | 50.2M | 6.8M |
| Free cash flow | -3.1M | 18.1M | 2.6M | -6.2M | 31.2M | 84.6M | 80M |
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 | -4.2M | 4.4M | -2M | -12.9M | 2.9M | -17.2M | 3.6M | 2.9M | 13M | 15.6M | 15.3M | 27.6M |
| Depreciation & amortization | 1.2M | 1.2M | 1.3M | 1.3M | 1.4M | 1.4M | 1.5M | 1.6M | 1.5M | 1.6M | 1.7M | 1.7M |
| Stock-based compensation | 9.3M | 9.1M | 9.5M | 10.5M | 9.8M | 9.3M | 9.6M | 11.1M | 10.7M | 7.9M | 7.3M | 9.6M |
| Change in working capital | -6.8M | 720K | -3.1M | 2.9M | 15M | 17.3M | -19M | -3.9M | 7.1M | 10.7M | -2.7M | -1.6M |
| Operating cash flow | 8.4M | 20.7M | 6.9M | 5M | 35.5M | 38.2M | -1.9M | 20.3M | 34.8M | 29.7M | 24.3M | 15.9M |
| Capital expenditure | -689K | -609K | -502K | -394K | -1.4M | -741K | -1.5M | -360K | -350K | -462K | -432K | -533K |
| Investing cash flow | -458K | -978K | -1.2M | -1.2M | 1.4M | -968K | -16.4M | -12.5M | -12.5M | 11.7M | -327K | -621K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -16.6M | -5.4M | -13.7M | -5.4M | -2.6M | -11.3M | -11.9M | -7M | -8.4M | -22.4M | -59.8M | -50.5M |
| Financing cash flow | -16.6M | -5.4M | -13.7M | -5.4M | -2.6M | -11.9M | -11.9M | -7.1M | 9.9M | -40.7M | -59.8M | -52.4M |
| Net change in cash | -8.7M | 14.3M | -7.9M | -1.6M | 34.4M | 25.3M | -30.3M | 711K | 32.2M | 683K | -35.9M | -37M |
| Free cash flow | 3M | 20.4M | 6.9M | 15.4M | 30.6M | 31.8M | -1.5M | 18.9M | 34M | 28.5M | 22.6M | 14.2M |