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 | -$0.78 | -$0.99 | -26.9% | — | $218.4M | — |
| Q1 26 | -$0.86 | -$1.26 | -46.5% | — | $191.2M | — |
| Q4 25 | -$0.73 | -$0.56 | +23.3% | — | $196M | — |
| Q3 25 | -$0.9 | -$0.94 | -4.4% | — | $171M | — |
| Q2 25 | -$1.09 | -$0.97 | +11.0% | — | $150M | — |
| Q1 25 | -$1.35 | -$1.22 | +9.6% | — | $121.5M | — |
| Q4 24 | -$1.05 | -$1.54 | -46.7% | — | $118.8M | — |
| Q3 24 | -$1.39 | -$1.34 | +3.6% | — | $104.8M | — |
| Q2 24 | -$1.33 | -$1.67 | -25.6% | — | $87.2M | — |
| Q1 24 | -$1.22 | -$1.44 | -18.0% | — | $75M | — |
| Q4 23 | -$1.19 | -$2.08 | -74.8% | — | $71.5M | — |
| Q3 23 | -$1.19 | -$1.32 | -10.9% | — | $57.8M | — |
| Q2 23 | -$1.2 | -$1.54 | -28.3% | — | $46.7M | — |
| Q1 23 | -$1.04 | -$0.26 | +75.0% | — | $94.6M | — |
| Q4 22 | -$1.14 | -$1.41 | -23.7% | — | $24.4M | — |
| Q3 22 | -$1.1 | -$1.07 | +2.7% | — | $16.8M | — |
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 | — | -$3.68 | — | — | $638.5M | — |
| FY24 | — | -$5.99 | — | — | $385.7M | — |
| FY23 | — | -$5.27 | — | — | $270.6M | — |
| FY22 | — | -$4.6 | — | — | $50M |
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 | $0 | $0 | $0 | $0 | $0 | $0 | $50M | $270.6M | $385.7M | $638.5M |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +440.8% | +42.5% | +65.5% |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 50M | 270.6M | 385.7M | 638.5M |
| Cost of revenue | — | — | — | — | 0 | 0 | 5.2M | 26.1M | 33.3M | 47.5M |
| Gross profit | — | — | — | — | 0 | 0 | 44.8M | 244.5M | 352.4M | 591M |
| Gross margin | — | — | — | — | — | — | 89.6% | 90.4% | 91.4% | 92.6% |
| Research & development | 21.2M | 20M | 23.5M | 53.6M | 70.2M | 58.1M | 57.9M | 97.9M | 187.1M | 183.3M |
| Selling, general & administrative | 6.3M | 7.2M | 9.4M | 13.6M | 28.9M | 66.6M | 159.3M | 323.1M | 411.4M | 570.6M |
| Operating expenses | 27.5M | 27.2M | 32.8M | 67.2M | 99.1M | 124.7M | 217.2M | 421.1M | 598.4M | 753.9M |
| Operating income | -27.1M | -27M | -32.6M | -67.1M | -99.1M | -124.7M | -176.5M | -182.9M | -252.4M | -169.2M |
| Operating margin | — | — | — | — | — | — | -352.7% | -67.6% | -65.5% | -26.5% |
| Non-operating income, net | 474.3K | -646K | 2.8M | 139.4K | -1.2M | — | -3.3M | -48.9M | -28.1M | -7.9M |
| Pretax income | -27.2M | -28.9M | -31M | -68.3M | -102.9M | -130.4M | -187.1M | -238.3M | -287.1M | -183.7M |
| Income tax | — | — | — | — | — | 0 | 0 | 960K | 85K | -530K |
| Net income | -27.2M | -28.9M | -31M | -68.3M | -102.9M | -130.4M | -187.1M | -239.2M | -287.2M | -183.2M |
| Net margin | — | — | — | — | — | — | -374% | -88.4% | -74.5% | -28.7% |
| EBITDA | -27M | -26.9M | -32.6M | -67.1M | -99M | -124.6M | -172.1M | -176.1M | -244.5M | -160.2M |
| EPS | -1.42 | -1.27 | -1.15 | -2.01 | -2.77 | -3.47 | -4.6 | -5.27 | -5.99 | -3.68 |
| Diluted EPS | -1.42 | -1.27 | -1.15 | -2.01 | -2.77 | -3.47 | -4.6 | -5.27 | -5.99 | -3.68 |
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 | 57.8M | 71.5M | 75M | 87.2M | 104.8M | 118.8M | 121.5M | 150M | 171M | 196M | 191.2M | 218.4M |
| Cost of revenue | 6.5M | 7.4M | 6.3M | 8.1M | 8.4M | 10.5M | 9.8M | 13.4M | 11.9M | 12.3M | 14.7M | 13.6M |
| Gross profit | 51.3M | 64.2M | 68.7M | 79.1M | 96.3M | 108.3M | 111.7M | 136.6M | 159.1M | 183.7M | 176.5M | 204.8M |
| Gross margin | 88.7% | 89.7% | 91.6% | 90.8% | 91.9% | 91.1% | 91.9% | 91% | 93% | 93.7% | 92.3% | 93.8% |
| Research & development | 28.8M | 30.8M | 36.8M | 49.9M | 45.4M | 55M | 44.8M | 49.5M | 40.2M | 48.8M | 52.7M | 46.2M |
| Selling, general & administrative | 83.2M | 86.8M | 99M | 103.6M | 95.6M | 113.3M | 120.8M | 130.3M | 150.2M | 169.3M | 185M | 208.1M |
| Operating expenses | 112M | 117.6M | 135.8M | 153.4M | 141M | 168.3M | 165.6M | 179.8M | 190.4M | 218.1M | 237.7M | 254.4M |
| Operating income | -62.3M | -55.1M | -68.7M | -75.9M | -46.2M | -61.6M | -55.5M | -44.8M | -32.9M | -36M | -62.8M | -51.1M |
| Operating margin | -107.8% | -77% | -91.6% | -87.1% | -44.1% | -51.9% | -45.7% | -29.9% | -19.3% | -18.4% | -32.8% | -23.4% |
| Non-operating income, net | 180K | -43.2M | 1.4M | -2.2M | -16.4M | -11M | -1.5M | -2.3M | -13.2M | 9.1M | -590K | 1.5M |
| Pretax income | -62.9M | -99M | -68.4M | -79.3M | -64.6M | -74.8M | -59.4M | -48.9M | -47.2M | -28.1M | -64.5M | -51.2M |
| Income tax | -678K | -325K | 0 | 0 | 0 | 85K | 0 | -960K | 0 | 430K | 0 | 128K |
| Net income | -62.2M | -98.7M | -68.4M | -79.3M | -64.6M | -74.9M | -59.4M | -48M | -47.2M | -28.6M | -64.5M | -51.3M |
| Net margin | -107.6% | -137.9% | -91.1% | -91% | -61.7% | -63.1% | -48.9% | -32% | -27.6% | -14.6% | -33.8% | -23.5% |
| EBITDA | -60.6M | -53.3M | -66.9M | -73.9M | -44.2M | -59.6M | -53.3M | -42.6M | -30.5M | -33.8M | -60.4M | -48.3M |
| EPS | -1.32 | -2.08 | -1.44 | -1.67 | -1.34 | -1.54 | -1.22 | -0.97 | -0.94 | -0.56 | -1.26 | -0.99 |
| Diluted EPS | -1.32 | -2.08 | -1.44 | -1.67 | -1.34 | -1.54 | -1.22 | -0.97 | -0.94 | -0.56 | -1.26 | -0.99 |
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 | — | — | — | — | 3B | 1.4B | 3.1B | — | 4.1B | 9.1B | 10.2B |
| Enterprise value | — | — | — | — | 2.9B | 1.4B | 3B | — | 3.9B | 9B | 10.1B |
| Shares outstanding | 19.2M | 22.8M | 26.9M | 34M | 37.2M | 37.6M | 40.7M | 45.4M | 47.9M | 49.7M | 49.7M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -52.7 |
| P/S | — | — | — | — | — | — | 62.7 | — | 10.5 | 14.2 | 13.3 |
| P/B | — | — | — | — | 26.6 | 90.9 | 28.6 | — | 71.1 | 102.9 | 123.5 |
| EV/EBITDA | — | — | — | — | -29.3 | -11.1 | -17.6 | — | -16.1 | -56.1 | -58.5 |
| EV/Sales | — | — | — | — | — | — | 60.5 | — | 10.2 | 14.1 | 13 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -1.9% |
| FCF yield | — | — | — | — | -2.59% | -7.64% | -3.74% | — | -3.17% | -1.03% | -0.05% |
| PEG | — | — | — | — | — | — | — | — | — | — | -25.5 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | 89.6% | 90.4% | 91.4% | 92.6% | 93.8% |
| Operating margin | — | — | — | — | — | — | -352.7% | -67.6% | -65.5% | -26.5% | -23.4% |
| Net margin | — | — | — | — | — | — | -374% | -88.4% | -74.5% | -28.7% | -24.7% |
| ROE | -126.1% | -173.1% | -3.3K% | -38.2% | -90.4% | -834.3% | -170.8% | -125.3% | -503.8% | -207.5% | -245.1% |
| ROA | -71.2% | -81.4% | -201.3% | -31% | -55.3% | -148.5% | -56.5% | -40.7% | -50.5% | -26.6% | -16.3% |
| ROIC | — | — | — | — | — | 590.1% | -5.2K% | 2.1K% | 386.1% | 1K% | 1.5K% |
| Return on tangible assets | -71.2% | -81.4% | -201.3% | -31% | -55.3% | -148.5% | -97.7% | -52.3% | -63.7% | -31.3% | -28.9% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 5.3 | 2.9 | 1.41 | 9 | 7.85 | 3.75 | 2.54 | 3.63 | 2.11 | 1.55 | 1.43 |
| Quick ratio | 5.3 | 2.9 | 1.41 | 9 | 7.85 | 3.75 | 2.5 | 3.52 | 2.04 | 1.48 | 1.34 |
| Debt / equity | 0.45 | 0.59 | 7.37 | 0.11 | 0.44 | 3.18 | 0.86 | 0.98 | 3.38 | 2.47 | 2.7 |
| Debt / assets | 0.25 | 0.28 | 0.45 | 0.09 | 0.27 | 0.57 | 0.29 | 0.32 | 0.34 | 0.32 | 0.3 |
| Net debt / EBITDA | 0.99 | 0.9 | 0.22 | 2.98 | 1.35 | 0.29 | 0.62 | 1.13 | 0.5 | 0.65 | 0.55 |
| Interest coverage | -204.4 | -20.6 | -26.5 | -54.1 | -39.1 | -21.9 | -24.5 | -35.9 | -42.7 | -27 | -37.1 |
| Effective tax rate | — | — | — | — | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 1.23 | 5.96 | 8.05 | 12.8 | 15.3 |
| EPS (basic) | -1.42 | -1.27 | -1.15 | -2.01 | -2.77 | -3.47 | -4.6 | -5.27 | -5.99 | -3.68 | -3.68 |
| EPS (diluted) | -1.42 | -1.27 | -1.15 | -2.01 | -2.77 | -3.47 | -4.6 | -5.27 | -5.99 | -3.68 | -3.75 |
| Book value per share | 1.13 | 0.73 | 0.03 | 5.25 | 3.06 | 0.42 | 2.69 | 4.2 | 1.19 | 1.77 | 1.59 |
| FCF per share | -1.12 | -1.16 | -1.12 | -1.36 | -2.11 | -2.89 | -2.88 | -3.21 | -2.69 | -1.89 | -1.39 |
| Cash per share | 1.91 | 1.49 | 0.52 | 6.47 | 4.94 | 2.3 | 4.94 | 8.5 | 6.58 | 6.49 | 6.11 |
| Capex per share | 0.01 | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0.01 | 0.01 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | — | 1.4% | 0.22% | 0.07% | — | — |
| Capex / operating cash flow | -0.45% | -0.04% | -0.12% | -0.03% | -0.06% | -0.28% | -0.45% | -0.33% | -0.15% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$3.47 | — | — | $0 | — |
| FY20 | — | -$2.77 | — | — | $0 | — |
| FY19 | — | -$2.01 | — | — | $0 | — |
| FY18 | — | -$1.15 | — | — | $0 | — |
| FY17 | — | -$1.27 | — | — | $0 | — |
| FY16 | — | -$1.42 | — | — | $0 | — |
| 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 | $57.8M | $71.5M | $75M | $87.2M | $104.8M | $118.8M | $121.5M | $150M | $171M | $196M | $191.2M | $218.4M |
| YoY change | +243.1% | +193.5% | -20.7% | +86.7% | +81.3% | +66% | +62% | +72.1% | +63.2% | +65% | +57.4% | +45.5% |
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 | 36.6M | 34M | 14M | 220M | 183.9M | 86.5M | 200.8M | 386.2M | 315.4M | 322.9M |
| Receivables | — | — | — | — | — | 0 | 37.7M | 94.8M | 142M | 224.5M |
| Inventory | — | — | — | — | — | 0 | 4.3M | 15.1M | 15.7M | 27.9M |
| Total current assets | 38M | 35.3M | 15.2M | 220.4M | 184M | 86.5M | 245.6M | 504.3M | 485.1M | 589M |
| Property, plant & equipment | 201.5K | 136.1K | 103.7K | 61.2K | 1.8M | 283.8K | 722K | 846K | 584K | 562K |
| Goodwill & intangibles | — | — | — | — | — | 0 | 139.9M | 130.7M | 117.9M | 105.1M |
| Total assets | 38.2M | 35.6M | 15.4M | 220.5M | 186.1M | 87.8M | 331.5M | 588.2M | 568.5M | 689.8M |
| Accounts payable | 4.1M | 3.4M | 3.7M | 10.9M | 13.5M | 13.1M | 38.6M | 40.7M | 72M | 65.5M |
| Short-term debt | 269.2K | 3.3M | 3.3M | 2.6M | 1.2M | 620.7K | 425K | 1.3M | 3.3M | 73M |
| Total current liabilities | 7.2M | 12.2M | 10.8M | 24.5M | 23.4M | 23.1M | 96.6M | 138.9M | 230.1M | 378.8M |
| Long-term debt | 9.5M | 6.7M | 3.6M | 17.3M | 48.9M | 49.1M | 94.3M | 185.1M | 189.7M | 145.1M |
| Total liabilities | 16.6M | 18.8M | 14.4M | 41.8M | 72.3M | 72.2M | 221.9M | 397.3M | 511.5M | 601.5M |
| Shareholders' equity | 21.6M | 16.7M | 937.9K | 178.7M | 113.8M | 15.6M | 109.6M | 191M | 57M | 88.3M |
| Total debt | 9.7M | 9.9M | 6.9M | 19.9M | 50.1M | 49.7M | 94.7M | 186.4M | 193M | 218.1M |
| Net debt | -26.9M | -24.1M | -7.1M | -200M | -133.8M | -36.8M | -106.2M | -199.8M | -122.4M | -104.8M |
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 | 416.6M | 386.2M | 331.4M | 315.7M | 327.3M | 315.4M | 300.9M | 303M | 325.3M | 322.9M | 305.1M | 319.9M |
| Receivables | 78.4M | 94.8M | 101.4M | 120.3M | 124.1M | 142M | 161.4M | 198.8M | 196.5M | 224.5M | 251.1M | 277.5M |
| Inventory | 10M | 15.1M | 15.6M | 15.2M | 14.3M | 15.7M | 16.3M | 18.4M | 23.8M | 27.9M | 31.5M | 37.9M |
| Total current assets | 511.8M | 504.3M | 460.5M | 463M | 479.1M | 485.1M | 494.6M | 536.6M | 565.3M | 589M | 611.2M | 656.6M |
| Property, plant & equipment | 8M | 846K | 7.2M | 6.8M | 6.4M | 584K | 24.1M | 23.1M | 22.3M | 562K | 20.6M | 20M |
| Goodwill & intangibles | 133.9M | 130.7M | 127.5M | 124.3M | 121.1M | 117.9M | 114.7M | 111.5M | 108.3M | 105.1M | 102M | 98.8M |
| Total assets | 600.9M | 588.2M | 545.7M | 548.2M | 561.5M | 568.5M | 596.7M | 639.8M | 669.3M | 689.8M | 713.6M | 761.4M |
| Accounts payable | 29.1M | 40.7M | 53.8M | 61.3M | 64.3M | 72M | 85.7M | 91.6M | 54.2M | 65.5M | 106.7M | 79M |
| Short-term debt | 438K | 1.3M | 1.8M | 2.6M | 2.9M | 3.3M | 2.3M | 72.4M | 73.2M | 73M | 73.8M | 76.1M |
| Total current liabilities | 114.7M | 138.9M | 144M | 186.6M | 196.2M | 230.1M | 243.9M | 342.1M | 360.3M | 378.8M | 439.2M | 460.4M |
| Long-term debt | 185.1M | 185.1M | 187.6M | 189.2M | 189.4M | 189.7M | 209M | 145M | 145.4M | 145.1M | 146.1M | 148.6M |
| Total liabilities | 331.3M | 397.3M | 401.7M | 445.4M | 468.6M | 511.5M | 543.5M | 566.7M | 595.5M | 601.5M | 659M | 678.1M |
| Shareholders' equity | 269.5M | 191M | 144M | 102.9M | 92.9M | 57M | 53.2M | 73.1M | 73.7M | 88.3M | 54.6M | 83.3M |
| Total debt | 185.6M | 186.4M | 189.4M | 191.8M | 192.3M | 193M | 211.2M | 217.3M | 218.6M | 218.1M | 219.9M | 224.7M |
| Net debt | -231M | -199.8M | -142M | -123.9M | -135M | -122.4M | -89.7M | -85.7M | -106.7M | -104.8M | -85.2M | -95.2M |
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 | -27.2M | -28.9M | -31M | -68.3M | -102.9M | -130.4M | -187.1M | -239.2M | -287.2M | -183.2M |
| Depreciation & amortization | 20.5K | 42.6K | 48.9K | 37.3K | 77.7K | 76K | 4.4M | 6.8M | 8M | 9.1M |
| Stock-based compensation | 2M | 2.1M | 1.8M | 6.1M | 14.8M | 20.8M | 37.7M | 62.6M | 85.2M | 93.8M |
| Change in working capital | 2M | -796K | 403K | 7.2M | 2M | -366.5K | -17.5M | -59.5M | -18.3M | -104.6M |
| Operating cash flow | -23.1M | -27.2M | -28.4M | -54.3M | -78.1M | -108.9M | -157.7M | -176.2M | -180.6M | -93.4M |
| Capital expenditure | -104.6K | -9.9K | -32.7K | -16.1K | -45.9K | -308K | -702K | -582K | -270K | — |
| Investing cash flow | -104.6K | -9.9K | -32.7K | -16.1K | -45.9K | -308K | -53.7M | -582K | -270K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 9.9M | 23.4M | 9.5M | 251M | 41.4M | 6.7M | 278.3M | 318.6M | 27.2M | 41.9M |
| Net change in cash | -13.2M | -3.8M | -18.9M | 196.6M | -36.8M | -102.5M | 66.9M | 141.8M | -153.7M | -51.5M |
| Free cash flow | -21.4M | -26.5M | -30.1M | -46.4M | -78.5M | -108.5M | -117.2M | -145.7M | -128.7M | -93.9M |
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 | 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 | -62.2M | -98.7M | -68.4M | -79.3M | -64.6M | -74.9M | -59.4M | -48M | -47.2M | -28.6M | -64.5M | -51.3M |
| Depreciation & amortization | 1.7M | 1.7M | 1.8M | 2M | 2.1M | 2.1M | 2.1M | 2.2M | 2.4M | 2.3M | 2.4M | 2.9M |
| Stock-based compensation | 14.8M | 18.9M | 20.2M | 21.4M | 21.7M | 22M | 23.3M | 24.6M | 23.1M | 22.7M | 23.4M | 27.1M |
| Change in working capital | -22.1M | -6.6M | 5.5M | -10.8M | 1.3M | -14.3M | -6.9M | -35.5M | -42M | -20.1M | 9.7M | -59.2M |
| Operating cash flow | -66.6M | -40.4M | -41.1M | -63.8M | -22.4M | -53.3M | -40.2M | -32.4M | 1M | -18.7M | -20.7M | -33M |
| Capital expenditure | -371K | -7K | -98K | -52K | -90K | -30K | -338K | — | — | — | — | — |
| Investing cash flow | -371K | -7K | -98K | -52K | -90K | -30K | -338K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 29.1M | -1.1M | -3.7M | 7.6M | 10.1M | 13.1M | 12.2M | 22.9M | 5.7M | 1M | -7M | 6.2M |
| Net change in cash | -38M | -41.6M | -44.9M | -56.2M | -12.3M | -40.2M | -28.3M | -9.5M | 6.8M | -17.6M | -27.7M | -26.8M |
| Free cash flow | -53.9M | -30.4M | -53.6M | -30.2M | -18.7M | -26.2M | -43.7M | -32.4M | 988K | -18.7M | -20.8M | -33.4M |