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 | -$0.78 | -$0.7 | +10.3% | — | — | — |
| Q2 26 | -$0.64 | -$0.68 | -6.3% | — | — | — |
| Q1 26 | -$0.54 | -$0.7 | -29.6% | — | — | — |
| Q4 25 | -$0.49 | -$0.65 | -32.7% | — | — | — |
| Q3 25 | -$0.42 | -$0.5 | -19.0% | — | — | — |
| Q2 25 | -$0.36 | -$0.45 | -25.0% | — | — | — |
| Q1 25 | -$0.31 | -$0.32 | -3.2% | — | — | — |
| Q4 24 | -$0.3 | -$0.28 | +6.7% | — | — | — |
| Q3 24 | -$0.26 | -$0.31 | -19.2% | — | — | — |
| Q2 24 | -$0.28 | -$0.27 | +3.6% | — | — | — |
| Q1 24 | -$0.3 | -$0.24 | +20.0% | — | — | — |
| Q4 23 | -$0.32 | -$0.4 | -25.0% | — | — | — |
| Q3 23 | -$0.3 | -$0.26 | +13.3% | — | — | — |
| Q2 23 | -$0.23 | -$0.33 | -43.5% | — | — | — |
| Q1 23 | -$0.33 | -$0.25 | +24.2% | — | $0 | — |
| Q3 22 | -$0.24 | -$0.24 | 0.0% | — | $0 | — |
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 | — | -$2.31 | — | — | $0 | — |
| FY24 | — | -$1.18 | — | — | $0 | — |
| FY23 | — | -$1.19 | — | — | $0 | — |
| FY22 | — | -$0.63 | — | — | $0 | — |
| FY21 | — | -$0.4 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 0% | 0% |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 3.7M | 7.4M | 8.9M | 24.8M | 29.9M | 45.4M |
| Selling, general & administrative | 2.1M | 2.4M | 4M | 6.8M | 10.1M | 38.8M |
| Operating expenses | 5.7M | 9.8M | 12.8M | 31.7M | 40M | 84.2M |
| Operating income | -5.7M | -9.8M | -12.8M | -31.7M | -40M | -84.2M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | — | 126K | 166K | -4K | 141K | -41K |
| Pretax income | -5.8M | -9.7M | -12.6M | -31.6M | -36.1M | -77.6M |
| Income tax | 1K | 0 | 0 | 9K | 6K | 0 |
| Net income | -5.8M | -9.7M | -12.6M | -31.6M | -36.1M | -77.6M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -5.7M | -9.6M | -12.4M | -31.2M | -35.7M | -77.1M |
| EPS | -0.24 | -0.4 | -0.63 | -1.19 | -1.18 | -2.31 |
| Diluted EPS | -0.24 | -0.4 | -0.63 | -1.19 | -1.18 | -2.31 |
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 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 8.7M | 4.9M | 6.8M | 9.1M | 6.8M | 7.3M | 9.4M | 11M | 10.3M | 14.6M | 15.7M | 18.2M |
| Selling, general & administrative | 2.2M | 2.1M | 1.6M | 1.4M | 2.9M | 4.2M | 6.1M | 6.5M | 12.7M | 13.5M | 17M | 16.7M |
| Operating expenses | 11M | 7M | 8.3M | 10.5M | 9.7M | 11.5M | 15.5M | 17.6M | 23M | 28.1M | 32.7M | 34.9M |
| Operating income | -11M | -7M | -8.3M | -10.5M | -9.7M | -11.5M | -15.5M | -17.6M | -23M | -28.1M | -32.7M | -34.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 27K | -85K | 463K | 977K | 1.1M | -2.4M | 1.2M | 1.3M | -2.1M | -417K | 5.7M | 6.5M |
| Pretax income | -10.9M | -7M | -7.9M | -9.5M | -8.7M | -10.1M | -14.3M | -16.3M | -21.7M | -25.3M | -26.9M | -28.4M |
| Income tax | 1K | -1K | 6K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 55K |
| Net income | -10.9M | -7M | -7.9M | -9.5M | -8.7M | -10.1M | -14.3M | -16.3M | -21.7M | -25.3M | -26.9M | -28.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -11M | -6.9M | -8.3M | -10.5M | -9.7M | -7.5M | -15.5M | -17.6M | -23M | -21.4M | -32.7M | -34.9M |
| EPS | -0.4 | — | -0.27 | -0.31 | -0.28 | -0.32 | -0.45 | -0.5 | -0.65 | -0.7 | -0.68 | -0.7 |
| Diluted EPS | -0.4 | — | -0.27 | -0.31 | -0.28 | -0.32 | -0.45 | -0.5 | -0.65 | -0.7 | -0.68 | -0.7 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 5.4B | 5.4B |
| Enterprise value | — | — | — | — | — | 4.9B | 4.9B |
| Shares outstanding | 24.1M | 24.1M | 20M | 26.6M | 30.5M | 33.5M | 33.5M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/B | — | — | — | — | — | 6.96 | 6.96 |
| EV/EBITDA | — | — | — | — | — | -63.2 | -63.2 |
| FCF yield | — | — | — | — | — | -0.69% | -0.69% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| ROE | 81.8% | 64% | -30.5% | -35% | -24.8% | -10.1% | -10.1% |
| ROA | -22.3% | -52.7% | -28.6% | -33.4% | -23.8% | -9.94% | -9.94% |
| ROIC | 17.6% | 30.2% | -4.6K% | -1K% | -3.3K% | -30.2% | -30.2% |
| Return on tangible assets | -22.3% | -52.7% | -28.6% | -35.9% | -25.1% | -10.1% | -10.1% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 26.4 | 10.7 | 20.3 | 24.8 | 24.3 | 50 | 50 |
| Quick ratio | 26.4 | 10.7 | 20.3 | 24.8 | 24.3 | 50 | 50 |
| Debt / equity | — | 0 | 0.02 | 0.01 | 0 | 0 | 0 |
| Debt / assets | — | 0 | 0.02 | 0.01 | 0 | 0 | 0 |
| Net debt / EBITDA | — | 1.8 | 3.32 | 2.8 | 4.05 | 6.38 | 6.38 |
| Interest coverage | -272.9 | — | -789.5 | -1.3K | -1.8K | -38.8K | -38.8K |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.24 | -0.4 | -0.63 | -1.19 | -1.18 | -2.31 | -2.31 |
| EPS (diluted) | -0.24 | -0.4 | -0.63 | -1.19 | -1.18 | -2.31 | -2.31 |
| Book value per share | -0.29 | -0.63 | 2.08 | 3.4 | 4.78 | 23 | 23 |
| FCF per share | -0.19 | -0.31 | -0.59 | -1.12 | -0.96 | -1.11 | -1.11 |
| Cash per share | 1.06 | 0.72 | 2.11 | 3.31 | 4.75 | 14.7 | 14.7 |
| Capex per share | 0 | 0 | 0.02 | 0 | 0 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.46% | -0.69% | -3.56% | -0.23% | -0.38% | — | — |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Jun 7, 2022 | $6.49 |
| Dec 7, 2021 | $2.30 |
| Jun 8, 2021 | $0.20 |
| Jun 4, 2019 | $3.08 |
| Jun 6, 2017 | $2.13 |
| Jun 1, 2015 | $1.36 |
| — |
| $0 |
| — |
| FY20 | — | -$0.24 | — | — | $0 | — |
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
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 | 25.6M | 17.3M | 42.1M | 88.2M | 145.1M | 492.4M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 25.7M | 17.4M | 42.8M | 89.9M | 147.1M | 494.3M |
| Property, plant & equipment | 66K | 94K | 1.4M | 1.3M | 965K | 777K |
| Goodwill & intangibles | — | — | 62K | 6.5M | 8M | 9.8M |
| Total assets | 25.7M | 18.3M | 44.3M | 94.6M | 152.1M | 780.6M |
| Accounts payable | — | — | — | — | — | — |
| Short-term debt | — | — | 198K | 308K | 276K | 241K |
| Total current liabilities | 972K | 1.6M | 2.1M | 3.6M | 6M | 9.9M |
| Long-term debt | — | 0 | 668K | 578K | 261K | 188K |
| Total liabilities | 32.8M | 33.4M | 2.8M | 4.2M | 6.3M | 10.1M |
| Shareholders' equity | -7M | -15.1M | 41.5M | 90.4M | 145.8M | 770.5M |
| Total debt | — | 0 | 866K | 886K | 537K | 429K |
| Net debt | — | -17.3M | -41.2M | -87.3M | -31.1M | -352.5M |
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 | — | 88.2M | — | — | — | 145.1M | — | — | 275.6M | 492.4M | — | — |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 56.1M | 89.9M | 96.5M | 113.9M | 111.3M | 147.1M | 159.3M | 151M | 277.2M | 494.3M | 521.9M | 501.6M |
| Property, plant & equipment | — | 1.3M | — | — | — | 965K | — | — | 826K | 777K | — | — |
| Goodwill & intangibles | — | 6.5M | — | — | — | 8M | — | — | 48K | 9.8M | — | — |
| Total assets | 57.6M | 94.6M | 101.1M | 118.4M | 115.8M | 152.1M | 164.2M | 156.4M | 282.4M | 780.6M | 811.3M | 791.6M |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | — | 308K | — | — | — | 276K | — | — | 265K | 241K | — | — |
| Total current liabilities | — | 3.6M | — | — | — | 6M | — | — | 8.1M | 9.9M | — | — |
| Long-term debt | — | 578K | — | — | — | 261K | — | — | 245K | 188K | — | — |
| Total liabilities | — | 4.2M | 4.7M | 3.8M | 3.6M | 6.3M | 6.1M | 6.5M | 8.3M | 10.1M | 15.5M | 14.9M |
| Shareholders' equity | 52.8M | 90.4M | 96.5M | 114.6M | 112.2M | 145.8M | 158.1M | 149.9M | 274.1M | 770.5M | 795.8M | 776.6M |
| Total debt | — | 886K | — | — | — | 537K | — | — | 510K | 429K | — | — |
| Net debt | — | -87.3M | — | — | — | -31.1M | — | — | -156.5M | -352.5M | — | — |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -5.8M | -9.7M | -12.6M | -31.6M | -36.1M | -77.6M |
| Depreciation & amortization | 17K | 30K | 198K | 399K | 449K | 464K |
| Stock-based compensation | 1.4M | 1.5M | 1.5M | 3.8M | 9M | 38.9M |
| Change in working capital | 4K | 0 | -103K | -316K | -231K | -367K |
| Operating cash flow | -4.4M | -8.1M | -11.1M | -27.7M | -30.5M | -37M |
| Capital expenditure | -20K | -56K | -394K | -63K | -116K | — |
| Investing cash flow | -20K | -56K | -394K | -63K | -110.5M | -304.9M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 28M | -815K | 37M | 54M | 41.9M | 552.4M |
| Net change in cash | 23.6M | -9M | 25.5M | 26.2M | -99.2M | 210.5M |
| Free cash flow | -4.5M | -7.5M | -11.9M | -29.9M | -29.4M | -37.2M |
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 | Q4 24 | Q4 25 |
|---|---|---|
| Net income | -10.1M | -25.3M |
| Depreciation & amortization | 118K | 117K |
| Stock-based compensation | 4.2M | 11.7M |
| Change in working capital | -77K | -134K |
| Operating cash flow | -7.1M | -10.4M |
| Capital expenditure | 0 | — |
| Investing cash flow | -26M | -303.6M |
| Dividends paid | — | — |
| Share repurchases | — | — |
| Financing cash flow | 10.3M | 406.1M |
| Net change in cash | -22.7M | 92.2M |
| Free cash flow | -4.6M | -10.6M |