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 | -$0.18 | -$0.05 | +72.2% | — | $180.1M | — |
| Q1 26 | -$0.15 | -$0.04 | +73.3% | — | $193.4M | — |
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 | — | $0.48 | — | — | $510M | — |
| FY24 | — | -$2.68 | — | — | $290.3M | — |
| FY23 | — | -$0.7 | — | — | $78.7M | — |
| FY22 | — | -$0.98 | — | — | $24.6M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $24.6M | $78.7M | $290.3M | $510M |
| YoY change | — | +219.9% | +268.6% | +75.7% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 25 | Q2 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|
| Revenue | $99.5M | $103.3M | $193.4M | $180.1M |
| YoY change | — | — | +94.4% | +74.3% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 24.6M | 78.7M | 290.3M | 510M |
| Cost of revenue | 21.7M | 52.4M | 167.5M | 310.9M |
| Gross profit | 2.9M | 26.4M | 122.7M | 199.1M |
| Gross margin | 11.7% | 33.5% | 42.3% | 39% |
| Research & development | 155.4M | 140.1M | 158.2M | 243.3M |
| Selling, general & administrative | 26.3M | 20.2M | 65.9M | 101.6M |
| Operating expenses | 181.7M | 160.3M | 224.4M | 344.3M |
| Operating income | -178.8M | -133.9M | -101.6M | -145.9M |
| Operating margin | -726.4% | -170.1% | -35% | -28.6% |
| Non-operating income, net | 230K | 1.2M | -401.3M | 363.9M |
| Pretax income | -177.5M | -127M | -479.7M | 244.9M |
| Income tax | 204K | 132K | 1.9M | 7.1M |
| Net income | -177.7M | -127.2M | -481.6M | 237.8M |
| Net margin | -721.9% | -161.5% | -165.9% | 46.6% |
| EBITDA | -166.9M | -123.4M | 311.2M | -474.7M |
| EPS | -0.98 | -0.7 | -2.68 | 0.48 |
| Diluted EPS | -0.98 | -0.7 | -2.68 | 0.42 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 25 | Q2 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|
| Revenue | 99.5M | 103.3M | 193.4M | 180.1M |
| Cost of revenue | 57.9M | 71.2M | 107.2M | 154.6M |
| Gross profit | 41.6M | 32.1M | 86.2M | 25.6M |
| Gross margin | 41.8% | 31.1% | 44.6% | 14.2% |
| Research & development | 52.8M | 60.8M | 75.5M | 320.2M |
| Selling, general & administrative | 17.3M | 28.5M | 25.7M | 182.6M |
| Operating expenses | 70.3M | 89.3M | 102.5M | 502.8M |
| Operating income | -28.7M | -57.2M | -15M | -477.2M |
| Operating margin | -28.8% | -55.3% | -7.77% | -265% |
| Non-operating income, net | — | 363M | -1.3M | -2.2M |
| Pretax income | -22.2M | 311.2M | -12.5M | -450.3M |
| Income tax | 1.7M | 1.7M | 1.5M | 274K |
| Net income | -23.9M | 309.5M | -14M | -450.5M |
| Net margin | -24% | 299.6% | -7.24% | -250.1% |
| EBITDA | -18.3M | -46.8M | 24.6M | -406.2M |
| EPS | -0.13 | 1.33 | -0.07 | -2.98 |
| Diluted EPS | -0.13 | 1.16 | -0.07 | -2.98 |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 225.3M | 152.4M | 337.2M | 1.1B |
| Receivables | 3.7M | 6.8M | 137.4M | 50.4M |
| Inventory | 19.5M | 49.1M | 174.5M | 63.6M |
| Total current assets | 253.2M | 212.3M | 1B | 1.5B |
| Property, plant & equipment | 28.1M | 13M | 79.7M | 686.3M |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 281.5M | 225.5M | 1.1B | 2.3B |
| Accounts payable | 5M | 14.7M | 25.6M | 48.6M |
| Short-term debt | 736K | 318K | 13.3M | 45.9M |
| Total current liabilities | 21.8M | 54.6M | 1.2B | 719.5M |
| Long-term debt | 562K | 242K | 27.4M | 216M |
| Total liabilities | 747.8M | 784.5M | 2.1B | 2.9B |
| Shareholders' equity | -466.3M | -559M | -966.8M | -578.7M |
| Total debt | 1.3M | 560K | 40.7M | 261.8M |
| Net debt | -24.8M | -34.2M | -179.5M | -439.9M |
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 | Q1 26 | Q2 26 |
|---|---|---|
| Cash & short-term investments | 2.2B | 7.9B |
| Receivables | 62.6M | 123.4M |
| Inventory | 89M | 32.7M |
| Total current assets | 3.6B | 9.1B |
| Property, plant & equipment | 925.7M | 1.5B |
| Goodwill & intangibles | — | — |
| Total assets | 4.9B | 11.6B |
| Accounts payable | 50.3M | 88.3M |
| Short-term debt | 687.5M | 824.5M |
| Total current liabilities | 1.4B | 1.6B |
| Long-term debt | 674.1M | 662.6M |
| Total liabilities | 5.1B | 2.5B |
| Shareholders' equity | -194.7M | 9.2B |
| Total debt | 1.4B | 1.5B |
| Net debt | -354.4M | -5.3B |
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 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 46.7B |
| Enterprise value | — | — | — | — | 42.7B |
| Shares outstanding | 180.8M | 180.8M | 180.8M | 180.8M | 180.8M |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | 524.1 |
| P/S | — | — | — | — | 68.7 |
| P/B | — | — | — | — | 4.89 |
| EV/EBITDA | — | — | — | — | -88 |
| EV/Sales | — | — | — | — | 62.7 |
| Earnings yield | — | — | — | — | 0.19% |
| FCF yield | — | — | — | — | 0.19% |
| PEG | — | — | — | — | 154.5 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Gross margin | 11.7% | 33.5% | 42.3% | 39% | 14.2% |
| Operating margin | -726.4% | -170.1% | -35% | -28.6% | -265% |
| Net margin | -721.9% | -161.5% | -165.9% | 46.6% | -75.3% |
| ROE | 38.1% | 22.7% | 49.8% | -41.1% | -15.2% |
| ROA | -63.1% | -56.4% | -43.3% | 10.2% | 3.78% |
| ROIC | 25.9% | 18.8% | 8.05% | 9.94% | -21.3% |
| Return on tangible assets | -63.1% | -56.4% | -43.3% | 10.2% | -1.54% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Current ratio | 11.6 | 3.89 | 0.87 | 2.15 | 5.83 |
| Quick ratio | 10.7 | 2.99 | 0.73 | 2.06 | 5.8 |
| Debt / equity | -0 | -0 | -0.04 | -0.45 | 0.16 |
| Debt / assets | 0 | 0 | 0.04 | 0.11 | 0.13 |
| Net debt / EBITDA | 1.34 | 1.23 | -0.95 | 1.78 | 14.4 |
| Interest coverage | — | — | — | — | -3.5 |
| Effective tax rate | 0% | 0% | 0% | 2.88% | 0% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Revenue per share | 0.14 | 0.44 | 1.61 | 2.82 | 8.4 |
| EPS (basic) | -0.98 | -0.7 | -2.68 | 0.48 | 0.48 |
| EPS (diluted) | -0.98 | -0.7 | -2.68 | 0.42 | -4.65 |
| Book value per share | -2.58 | -3.09 | -5.35 | -3.2 | 40.3 |
| FCF per share | -0.97 | -0.47 | 2.37 | -2.17 | -6 |
| Cash per share | 1.25 | 0.84 | 1.86 | 6.13 | 33.3 |
| Capex per share | 0.06 | 0.04 | — | — | — |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Capex / revenue | 42.4% | 8.37% | — | — | — |
| Capex / operating cash flow | -5.74% | -7.19% | — | — | — |
| Payout ratio | — | — | — | — | 0% |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -177.7M | -127.2M | -481.6M | 237.8M |
| Depreciation & amortization | 11.9M | 10.6M | 11.5M | 34.5M |
| Stock-based compensation | 16.9M | 26.6M | 58.6M | 49.8M |
| Change in working capital | -34.5M | -2.5M | 460.5M | -1.8M |
| Operating cash flow | -181.9M | -91.7M | 452M | -10.1M |
| Capital expenditure | -10.4M | -6.6M | — | — |
| Investing cash flow | 137.4M | 81.7M | 6.7M | -284.8M |
| Dividends paid | — | — | — | — |
| Share repurchases | -3.9M | 0 | -102K | -38.1M |
| Financing cash flow | 6.2M | 0 | 84.6M | 1.1B |
| Net change in cash | -38.4M | -10M | 543.2M | 763.7M |
| Free cash flow | -174.9M | -85.6M | 428.5M | -392.8M |
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 | Q1 25 | Q2 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|
| Net income | -23.9M | 309.5M | -14M | -450.5M |
| Depreciation & amortization | 3.9M | 5.4M | 18.2M | 24.4M |
| Stock-based compensation | 9.2M | 13.3M | 9.6M | 377M |
| Change in working capital | -55M | -34M | 15.8M | 24.1M |
| Operating cash flow | -54.9M | -68.9M | 12.3M | -59.8M |
| Capital expenditure | — | — | — | — |
| Investing cash flow | 41.5M | 56.3M | -104.6M | -656.4M |
| Dividends paid | — | — | — | — |
| Share repurchases | 0 | 0 | -218K | 0 |
| Financing cash flow | 0 | 0 | 2B | 5.8B |
| Net change in cash | -13.4M | -12.6M | 1.9B | 5.1B |
| Free cash flow | -153.2M | -155.8M | -119.6M | -476.7M |