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 | -$0.34 | -$0.39 | -14.7% | — | $228.8M | — |
| Q1 26 | -$0.34 | -$0.46 | -35.3% | — | $188.9M | — |
| Q4 25 | -$0.11 | -$0.31 | -181.8% | — | $224.8M | — |
| Q3 25 | -$0.13 | -$0.16 | -23.1% | — | $169.7M | — |
| Q2 25 | -$0.09 | -$0.13 | -44.4% | — | $155.6M | — |
| Q1 25 | -$0.29 | -$0.47 | -62.1% | — | $70.1M | — |
| Q4 24 | -$0.13 | -$0.22 | -69.2% | — | $69M | — |
| Q3 24 | -$0.05 | -$0.18 | -260.0% | — | $62M | — |
| Q2 24 | $0.02 | $0.04 | +100.0% | — | $99.2M | — |
| Q1 24 | $0.12 | $0.01 | -91.7% | — | $119.5M | — |
| Q4 23 | $0.14 | -$0.04 | -128.6% | — | $114.8M | — |
| Q3 23 | -$0.04 | -$0.02 | +50.0% | — | $87.3M | — |
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 | — | $0.32 | — | — | $620.3M | — |
| FY24 | — | -$4.36 | — | — | $349.8M | — |
| FY23 | — | -$0.51 | — | — | $368.6M | — |
| FY22 | — | -$0.54 | — | — | $333.3M | — |
| 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 | $88.8M | $186.4M | $394.7M | $333.3M | $368.6M | $349.8M | $620.3M |
| YoY change | — | +110% | +111.7% | -15.5% | +10.6% | -5.09% | +77.3% |
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 | 88.8M | 186.4M | 394.7M | 333.3M | 368.6M | 349.8M | 620.3M |
| Cost of revenue | 98.8M | 209.6M | 153.3M | 250.1M | 290.7M | 283.4M | 559.3M |
| Gross profit | -10.1M | -23.2M | 241.4M | 83.3M | 77.8M | 66.4M | 61M |
| Gross margin | -11.3% | -12.4% | 61.2% | 25% | 21.1% | 19% | 9.83% |
| Research & development | 4.7M | 9.8M | 29.5M | 35.4M | 29.5M | 76.9M | 153.9M |
| Selling, general & administrative | 10.7M | 25.8M | 98.2M | 105.1M | 74.7M | 72.4M | 91.1M |
| Operating expenses | 15.3M | 35.1M | 131.3M | 140.5M | 134M | 155.8M | 245.6M |
| Operating income | -25.4M | -58.2M | 110.1M | -57.3M | -56.2M | -89.4M | -184.6M |
| Operating margin | -28.6% | -31.3% | 27.9% | -17.2% | -15.3% | -25.6% | -29.8% |
| Non-operating income, net | -5.5M | -4.5M | 20.5M | -6.2M | 3M | -501.9M | 347.7M |
| Pretax income | -30.8M | -63.8M | 130.9M | -64.8M | -51M | -601.6M | 70.8M |
| Income tax | -2.9M | -8M | 48.2M | -4.4M | 5.7M | -2.4M | 5.2M |
| Net income | -27.9M | -55.8M | 82.6M | -60.4M | -56.7M | -599.2M | 65.6M |
| Net margin | -31.4% | -30% | 20.9% | -18.1% | -15.4% | -171.3% | 10.6% |
| EBITDA | 23.5M | 52.9M | 179.4M | 13.3M | 26.2M | -587K | -6.9M |
| EPS | -0.25 | -0.5 | 0.74 | -0.54 | -0.51 | -4.36 | 0.32 |
| Diluted EPS | -0.25 | -0.5 | 0.74 | -0.54 | -0.51 | -4.36 | -1.43 |
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 | 87.3M | 114.8M | 119.5M | 99.2M | 62M | 69M | 70.1M | 155.6M | 169.7M | 224.8M | 188.9M | 228.8M |
| Cost of revenue | 66.2M | 87.8M | 85.4M | 74.8M | 59.3M | 63.9M | 73.4M | 142.8M | 128.9M | 214.3M | 228M | 237.3M |
| Gross profit | 21.1M | 27M | 34.1M | 24.4M | 2.8M | 5.1M | -3.2M | 12.8M | 40.8M | 10.6M | -39M | -8.5M |
| Gross margin | 24.2% | 23.5% | 28.6% | 24.6% | 4.46% | 7.39% | -4.6% | 8.24% | 24.1% | 4.7% | -20.7% | -3.73% |
| Research & development | 8.5M | 8.3M | 21.2M | 8M | 24.8M | 22.9M | 59M | 20.6M | 39.1M | 35.2M | 20.2M | 36.1M |
| Selling, general & administrative | 18.8M | 19.1M | 16.7M | 18M | 18.1M | 19.6M | 16.8M | 21.8M | 21.4M | 31.1M | 27.5M | 36.6M |
| Operating expenses | 26.5M | 24.8M | 36.1M | 27.8M | 41.7M | 53.4M | 83.6M | 37.7M | 34M | 89.4M | 66.9M | 93.2M |
| Operating income | -5.3M | 2.2M | -1.9M | -3.4M | -38.9M | -48.3M | -86.8M | -24.9M | 6.9M | -78.8M | -105.9M | -101.7M |
| Operating margin | -6.12% | 1.95% | -1.63% | -3.41% | -62.7% | -70% | -123.8% | -16% | 4.04% | -35.1% | -56.1% | -44.5% |
| Non-operating income, net | 862K | 490K | 2.4M | -12.7M | -14.7M | -474.2M | 503.1M | -105.9M | -238.5M | 191.6M | -27.5M | 30.4M |
| Pretax income | -3.3M | 4.9M | 652K | -15.7M | -53.8M | -532.7M | 406.9M | -147.9M | -261.1M | 72.9M | -162.9M | -102.4M |
| Income tax | -1.5M | 9.9M | 46K | 2M | -3.7M | -761K | -2.6M | -197K | 5.6M | 2.4M | -3.4M | -11.7M |
| Net income | -1.8M | -5M | 606K | -17.7M | -50.1M | -531.9M | 409.5M | -147.7M | -266.7M | 70.5M | -159.5M | -92.3M |
| Net margin | -2.06% | -4.38% | 0.51% | -17.9% | -80.8% | -770.7% | 583.9% | -95% | -157.1% | 31.4% | -84.4% | -40.3% |
| EBITDA | -5.3M | 12.6M | -1.9M | -10.2M | -38.9M | -542.6M | -86.8M | 376.3M | 6.9M | 275.9M | -132.8M | -81.2M |
| EPS | -0.02 | — | 0.01 | -0.14 | -0.35 | -3.22 | 2.15 | -0.76 | -1.28 | 0.31 | -0.68 | -0.37 |
| Diluted EPS | -0.02 | — | 0.01 | -0.14 | -0.35 | -3.22 | -0.37 | -0.76 | -1.28 | -0.73 | -0.68 | -0.37 |
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 | — | — | 1.1B | 1.2B | 1.1B | — | — | 3B |
| Enterprise value | — | — | 828.8M | 1B | 1B | — | — | 4.6B |
| Shares outstanding | 111.3M | 111.3M | 111.3M | 111.3M | 110.5M | 137.4M | 204.7M | 204.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | 13.4 | — | — | — | — | 34.5 |
| P/S | — | — | 2.81 | 3.48 | 2.96 | — | — | 3.85 |
| P/B | — | — | 3.85 | 3.64 | 3.28 | — | — | 2.84 |
| EV/EBITDA | — | — | 4.62 | 77.1 | 39.6 | — | — | 9.53 |
| EV/Sales | — | — | 2.1 | 3.09 | 2.82 | — | — | 5.69 |
| Earnings yield | — | — | 7.46% | — | — | — | — | 2.9% |
| FCF yield | — | — | -18.2% | -53.2% | -36.5% | — | — | 0.57% |
| PEG | — | — | — | — | — | — | — | -0.67 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -11.3% | -12.4% | 61.2% | 25% | 21.1% | 19% | 9.83% | -3.73% |
| Operating margin | -28.6% | -31.3% | 27.9% | -17.2% | -15.3% | -25.6% | -29.8% | -42.5% |
| Net margin | -31.4% | -30% | 20.9% | -18.1% | -15.4% | -171.3% | 10.6% | -28.1% |
| ROE | — | -38.3% | 28.7% | -19% | -17% | -216.6% | 7.56% | -25.3% |
| ROA | — | -6.54% | 12.8% | -9.27% | -8.86% | -38.5% | 2.34% | 3.92% |
| ROIC | — | -47% | 825.9% | -30.6% | -20% | -2K% | -9.88% | -10.8% |
| Return on tangible assets | — | -6.69% | 12.8% | -9.28% | -8.93% | -45.4% | 2.58% | -14% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 0.99 | 1.64 | 1.44 | 1.25 | 0.86 | 0.91 | 1.01 |
| Quick ratio | — | 0.99 | 1.64 | 1.44 | 1.25 | 0.8 | 0.75 | 1.01 |
| Debt / equity | — | 0.16 | 0.32 | 0.31 | 0.28 | 1.03 | 1.27 | 1.77 |
| Debt / assets | — | 0.03 | 0.14 | 0.15 | 0.15 | 0.18 | 0.39 | 0.57 |
| Net debt / EBITDA | — | -0.41 | -1.56 | -9.83 | -1.98 | 463.5 | -124.6 | 21.7 |
| Interest coverage | -31.3 | -76.5 | 54.6 | -11.4 | -9.03 | -32.6 | 1.71 | 1.71 |
| Effective tax rate | 0% | 0% | 36.9% | 0% | 0% | 0% | 7.39% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.8 | 1.67 | 3.55 | 3 | 3.34 | 2.55 | 3.03 | 3.55 |
| EPS (basic) | -0.25 | -0.5 | 0.74 | -0.54 | -0.51 | -4.36 | 0.32 | 0.32 |
| EPS (diluted) | -0.25 | -0.5 | 0.74 | -0.54 | -0.51 | -4.36 | -1.43 | -1.91 |
| Book value per share | — | 1.31 | 2.59 | 2.86 | 3.01 | 2.01 | 4.24 | 4.06 |
| FCF per share | -1.1 | -2.27 | -1.82 | -5.55 | -3.6 | -5.45 | -9.91 | -8.51 |
| Cash per share | — | 0.4 | 3.34 | 2.08 | 1.31 | 4.06 | 1.16 | 1.7 |
| Capex per share | 0.59 | 1.29 | 0.8 | 0.56 | 1.14 | 0.92 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 74.5% | 77.1% | 22.5% | 18.7% | 34.3% | 36.3% | — | — |
| Capex / operating cash flow | -110.9% | -132.5% | -185.6% | -26.8% | -56.7% | -14.3% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| $0.74 |
| — |
| — |
| $394.7M |
| — |
| FY20 | — | -$0.5 | — | — | $186.4M | — |
| FY19 | — | -$0.25 | — | — | $88.8M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $87.3M | $114.8M | $119.5M | $99.2M | $62M | $69M | $70.1M | $155.6M | $169.7M | $224.8M | $188.9M | $228.8M |
| YoY change | +14% | +48.9% | +64.6% | +5.77% | -28.9% | -39.9% | -41.3% | +56.8% | +173.6% | +225.8% | +169.4% | +47.1% |
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 | 44.8M | 372.1M | 231.4M | 144.7M | 558.3M | 237.4M |
| Receivables | 2M | 8.7M | 18.4M | 17.5M | 9.6M | 31.4M |
| Inventory | — | — | — | — | 64.9M | 252M |
| Total current assets | 677.5M | 424.2M | 319.6M | 264.7M | 949.4M | 1.4B |
| Property, plant & equipment | 112.6M | 184.6M | 203M | 249.6M | 359.2M | 1.1B |
| Goodwill & intangibles | 19.2M | 230K | 644K | 4.8M | 238.1M | 258.5M |
| Total assets | 853.3M | 647M | 651.4M | 639.4M | 1.6B | 2.8B |
| Accounts payable | 3.1M | 17.7M | 15.8M | 32.5M | 31.5M | 119.8M |
| Short-term debt | — | — | — | — | 213.6M | 763M |
| Total current liabilities | 684.6M | 258.9M | 221.2M | 212.4M | 1.1B | 1.5B |
| Long-term debt | 22.8M | 92.4M | 100.2M | 92.8M | 72.7M | 336.3M |
| Total liabilities | 707.4M | 358.9M | 333.1M | 306.8M | 1.3B | 1.9B |
| Shareholders' equity | 145.9M | 288.1M | 318.3M | 332.6M | 276.6M | 867.8M |
| Total debt | 22.8M | 92.4M | 100.2M | 92.8M | 286.3M | 1.1B |
| Net debt | -21.9M | -279.7M | -131.1M | -51.9M | -190M | 949.9M |
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 | 134.5M | 144.7M | 118.5M | 203.9M | 291.3M | 558.3M | 382.2M | 473.7M | 284.6M | 237.4M | 265.5M | 460.9M |
| Receivables | 13.7M | 17.5M | 23.7M | 25.6M | 8.8M | 9.6M | 10.3M | 12.7M | 17.6M | 31.4M | 33.3M | 38.9M |
| Inventory | — | — | — | 8.2M | 68.6M | 64.9M | 153.7M | 208.8M | 231.5M | 252M | 613M | 0 |
| Total current assets | 157.8M | 264.7M | 156.7M | 360.5M | 393.8M | 949.4M | 909.2M | 1.1B | 1.3B | 1.4B | 1.5B | 846.5M |
| Property, plant & equipment | 284.9M | 249.6M | 291.7M | 290.7M | 339.1M | 359.2M | 479.1M | 601M | 899.7M | 1.1B | 1.3B | 2.2B |
| Goodwill & intangibles | 4.9M | 4.8M | 4.7M | 82.9M | 250.4M | 238.1M | 228.2M | 238M | 269.9M | 258.5M | 247.4M | 237.5M |
| Total assets | 621.6M | 639.4M | 691M | 827.7M | 1B | 1.6B | 1.6B | 2B | 2.4B | 2.8B | 3.1B | 3.4B |
| Accounts payable | 25M | 32.5M | 25.3M | 36.2M | 36.9M | 31.5M | 50.7M | 76.2M | 78M | 119.8M | 133.6M | 177.3M |
| Short-term debt | — | — | — | — | — | 213.6M | 294.3M | 457.7M | 570.3M | 763M | 566.1M | 530.2M |
| Total current liabilities | 205.1M | 212.4M | 201.3M | 199.6M | 192.3M | 1.1B | 711.1M | 1.1B | 1.4B | 1.5B | 832M | 841M |
| Long-term debt | 93.6M | 92.8M | 97.8M | 117.2M | 171.4M | 72.7M | 6.9M | 168.1M | 345.7M | 336.3M | 1.5B | 1.4B |
| Total liabilities | 302.8M | 306.8M | 299.6M | 348.3M | 525.7M | 1.3B | 804M | 1.3B | 1.9B | 1.9B | 2.4B | 2.3B |
| Shareholders' equity | 318.8M | 332.6M | 391.4M | 479.4M | 520.7M | 276.6M | 794.6M | 706.8M | 573.8M | 867.8M | 730.1M | 1.1B |
| Total debt | 93.6M | 92.8M | 97.8M | 117.2M | 171.4M | 286.3M | 301.2M | 625.7M | 916M | 1.1B | 2B | 2B |
| Net debt | -40.9M | -51.9M | -20.7M | -86.7M | -119.9M | -190M | 85.5M | 325.9M | 719.7M | 949.9M | 1.8B | 1.5B |
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 | -27.9M | -55.8M | 82.6M | -60.4M | -56.7M | -599.2M | 65.6M |
| Depreciation & amortization | 47.5M | 112M | 63.1M | 66.4M | 75.5M | 81.1M | 168.1M |
| Stock-based compensation | 0 | 0 | 88.4M | 90.6M | 45.5M | 34M | 38.5M |
| Change in working capital | 5.2M | 13.2M | 8.6M | -20.4M | 19.4M | -90.9M | -737.5M |
| Operating cash flow | -59.6M | -108.4M | -47.7M | -232.1M | -222.5M | -888.7M | -1.7B |
| Capital expenditure | -66.2M | -143.7M | -88.6M | -62.2M | -126.2M | -126.9M | — |
| Investing cash flow | -263M | -110.3M | -113.9M | -141.2M | -99.3M | 112.7M | 328.4M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | 0 | 0 | -2.6M | -617K | -65M |
| Financing cash flow | 226.4M | 30.8M | -14.4M | -3.9M | -13.9M | 839.1M | 1.3B |
| Net change in cash | -96.3M | -187.9M | -176.1M | -377.2M | -335.7M | 63.1M | -94.8M |
| Free cash flow | -122.9M | -253.1M | -202M | -617.2M | -398.1M | -749.3M | -2B |
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 | Q2 23 | Q3 23 | Q4 23 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — | — | — |
| Change in working capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating cash flow | -66.9M | -48.3M | -105.1M | -68.5M | -90.2M | -22.1M | -280.9M | -334.9M | -520.3M | -599.5M | -346.9M | -158.5M |
| Capital expenditure | -38.1M | -13.8M | -25.4M | -17.3M | -30.1M | -48.3M | -67.6M | — | — | — | — | — |
| Investing cash flow | -37.9M | -16.8M | -25M | 54.3M | 10.2M | -10M | -73.6M | 98.9M | 87M | 148.6M | 206.4M | 196.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | -109K | -2.5M | — | -617K | 0 | -21M | -9M | 0 | -35M | -4M | -7M |
| Financing cash flow | -8.9M | -8.5M | 4.9M | 104.5M | 167.9M | 693.3M | 94.3M | 380.4M | 386.5M | 637.5M | 352.5M | 426.4M |
| Net change in cash | -113.6M | -73.6M | -125.2M | 90.3M | 87.9M | 661.2M | -260.2M | 144.4M | -46.8M | 186.6M | 212.1M | 464.4M |
| Free cash flow | -104.2M | -61.4M | -92.5M | -91.6M | -120.9M | -373.4M | -351.6M | -446.4M | -580M | -650.3M | -440.6M | -424.5M |