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 % |
|---|---|---|---|---|---|---|
| Q4 24 | -$4.2 | -$1.4 | +66.7% | — | $983.6M | — |
| Q3 24 | -$6.3 | $1.05 | +116.7% | — | $850.5M | — |
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 | — | -$7.7 | — | — | $3B | — |
| FY24 | — | -$0.78 | — | — | $3.5B | — |
| FY23 | — | -$20.3 | — | — | $3.3B | — |
| FY22 | — | -$3.51 | — | — | $2.7B | — |
| FY21 | — | -$0.57 | — | — | $1.7B | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.7B | $2.7B | $3.3B | $3.5B | $3B |
| YoY change | — | +54.4% | +23.2% | +5.2% | -13.3% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1.7B | 2.7B | 3.3B | 3.5B | 3B |
| Cost of revenue | 1.7B | 2.5B | 3.2B | 3.3B | 2.8B |
| Gross profit | 80.8M | 142.3M | 140.2M | 158.8M | 160.4M |
| Gross margin | 4.66% | 5.31% | 4.25% | 4.57% | 5.33% |
| Research & development | 46.8M | 49.9M | 57.2M | 37.9M | 37.2M |
| Selling, general & administrative | 189.7M | 208.3M | 250.8M | 187.4M | 144M |
| Operating expenses | 212.2M | 238M | 295.6M | 224.4M | 179.4M |
| Operating income | -131.4M | -95.6M | -155.4M | -65.7M | -19M |
| Operating margin | -7.57% | -3.57% | -4.71% | -1.89% | -0.63% |
| Non-operating income, net | -9.3M | 5.5M | -8.5M | -1.1M | -144K |
| Pretax income | -147M | -91.5M | -160M | -61.5M | -18.2M |
| Income tax | -522K | -521K | -363K | -291K | -406K |
| Net income | -146.5M | -91M | -159.6M | -61.2M | -17.8M |
| Net margin | -8.44% | -3.4% | -4.83% | -1.76% | -0.59% |
| EBITDA | -127.9M | -90M | -146.1M | -52M | -14M |
| EPS | -0.57 | -3.51 | -20.3 | -0.78 | -7.7 |
| Diluted EPS | -0.57 | -3.51 | -20.3 | -0.78 | -7.7 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 744.9M | 773.9M | 779.6M | 830.7M | 823.3M | 867.8M | 110.5M | 851.8M | 850.5M | 983.6M |
| Cost of revenue | 715M | 726.9M | 745.9M | 806M | 784.8M | 824.4M | 105.8M | 820.9M | 808.1M | 932M |
| Gross profit | 29.9M | 47.1M | 33.7M | 24.7M | 38.5M | 43.3M | 4.7M | 30.9M | 42.4M | 51.6M |
| Gross margin | 4.02% | 6.08% | 4.32% | 2.97% | 4.67% | 5% | 4.29% | 3.63% | 4.99% | 5.25% |
| Research & development | 13.8M | 12.9M | 19.7M | 11.6M | 13.5M | 12.4M | 1.3M | 9.1M | 10.2M | 9.3M |
| Selling, general & administrative | 46.4M | 48.3M | 60.9M | 36.5M | 73.8M | 79.6M | 7.9M | 47.1M | 38.5M | 45.4M |
| Operating expenses | 56M | 56.5M | 77.6M | 43.9M | 84.6M | 89.5M | 9.2M | 56.2M | 48.5M | 54.3M |
| Operating income | -26.1M | -9.4M | -43.9M | -19.2M | -46.1M | -46.2M | -4.5M | -25.3M | -6M | -2.6M |
| Operating margin | -3.5% | -1.22% | -5.63% | -2.31% | -5.6% | -5.32% | -4.03% | -2.97% | -0.71% | -0.27% |
| Non-operating income, net | -2M | 6.4M | -310K | -10M | -10.4M | 12.1M | -182.8K | 517K | 8.4M | -8.7M |
| Pretax income | -28M | -2.3M | -44.1M | -28.4M | -55.6M | -31.9M | -4.4M | -23.7M | 4M | -10.5M |
| Income tax | -131K | -128K | -128K | -130K | -128K | 23K | -1.1K | -92K | -90K | -101K |
| Net income | -27.9M | -2.1M | -43.9M | -28.2M | -55.4M | -32M | -4.4M | -23.6M | 4.1M | -10.4M |
| Net margin | -3.74% | -0.28% | -5.64% | -3.4% | -6.73% | -3.68% | -3.97% | -2.77% | 0.48% | -1.06% |
| EBITDA | -31.8M | -5.2M | -45.3M | -20.2M | -46M | -46.2M | -4.4M | -25.6M | -357K | -3.3M |
| EPS | -1.19 | — | -0.81 | -1.48 | -17.5 | -0.42 | -0.41 | -0.31 | 0.05 | -0.13 |
| Diluted EPS | -1.19 | — | -0.81 | -1.48 | -17.5 | -0.42 | -0.41 | -0.31 | 0.05 | -0.13 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Shares outstanding | 577.7M | 577.7M | 45.4M | 78M | 2.4M | 2.4M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | 4.66% | 5.31% | 4.25% | 4.57% | 5.33% | 5.33% |
| Operating margin | -7.57% | -3.57% | -4.71% | -1.89% | -0.63% | -0.63% |
| Net margin | -8.44% | -3.4% | -4.83% | -1.76% | -0.59% | -0.59% |
| ROE | 14.6% | 7.22% | -42.2% | -17.2% | -5.01% | -5.01% |
| ROA | -16.9% | -12.8% | -17.9% | -4.75% | -1.21% | -1.21% |
| ROIC | 9.42% | 6.85% | -108.9% | -27.6% | -6.21% | -6.21% |
| Return on tangible assets | -21.7% | -17.4% | -22.5% | -5.53% | -1.37% | -1.37% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 2.16 | 1.75 | 1.56 | 1.34 | 1.23 | 1.23 |
| Quick ratio | 2.16 | 1.75 | 1.56 | 1.34 | 1.23 | 1.23 |
| Debt / equity | -0.04 | -0.01 | 0.08 | 0.1 | 0.27 | 0.27 |
| Debt / assets | 0.04 | 0.02 | 0.03 | 0.03 | 0.06 | 0.06 |
| Net debt / EBITDA | 3.05 | 1.51 | 1.61 | 2.26 | 3.49 | 3.49 |
| Interest coverage | -21.5 | -26.7 | -109.6 | -72.4 | -6.98 | -6.98 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 3 | 4.64 | 72.7 | 44.5 | 1.3K | 1.3K |
| EPS (basic) | -0.57 | -3.51 | -20.3 | -0.78 | -7.7 | -7.7 |
| EPS (diluted) | -0.57 | -3.51 | -20.3 | -0.78 | -7.7 | -7.7 |
| Book value per share | -1.74 | -2.18 | 8.33 | 4.56 | 150.5 | 150.5 |
| FCF per share | -0.33 | -0.28 | -0.61 | -1.48 | -17.2 | -17.2 |
| Cash per share | 0.74 | 0.26 | 5.83 | 1.96 | 61.3 | 61.3 |
| Capex per share | 0 | 0 | — | — | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 0.09% | 0.05% | — | — | — | — |
| Capex / operating cash flow | -0.9% | -0.87% | — | — | — | — |
| Revenue | $744.9M | $773.9M | $779.6M | $830.7M | $823.3M | $867.8M | $110.5M | $851.8M | $850.5M | $983.6M |
| YoY change | — | — | — | — | +10.5% | +12.1% | -85.8% | +2.54% | +3.31% | +13.4% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 426.1M | 149.8M | 264.9M | 152.9M | 144.7M |
| Receivables | 285.7M | 401.7M | 466.1M | 982.5M | 1.1B |
| Inventory | — | — | — | — | — |
| Total current assets | 752.6M | 600.8M | 780.3M | 1.2B | 1.4B |
| Property, plant & equipment | 2.2M | 2.2M | 1.7M | 1.4M | 831K |
| Goodwill & intangibles | 193.7M | 189.5M | 185.3M | 181.1M | 176.9M |
| Total assets | 868.6M | 712.5M | 894M | 1.3B | 1.5B |
| Accounts payable | 180.3M | 227.2M | 316.9M | 725.8M | 842.7M |
| Short-term debt | 17.9M | 7.7M | 24M | 33M | 85.2M |
| Total current liabilities | 347.6M | 344M | 501.5M | 878.3M | 1.1B |
| Long-term debt | 18.8M | 6.2M | 5.4M | 2.1M | 10.6M |
| Total liabilities | 1.9B | 2B | 515.8M | 932.2M | 1.1B |
| Shareholders' equity | -1B | -1.3B | 378.2M | 355.8M | 355.2M |
| Total debt | 36.7M | 13.9M | 29.3M | 35.2M | 95.8M |
| Net debt | -325.7M | -101M | -214M | -82.3M | -48.7M |
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 | Q4 22 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 149.8M | 274.5M | 264.9M | 32.8M | 204.6M | 194.6M | 152.9M |
| Receivables | 401.7M | 445.7M | 466.1M | 67.9M | 639.2M | 746.9M | 982.5M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 600.8M | 775.9M | 780.3M | 107.8M | 896.8M | 983.3M | 1.2B |
| Property, plant & equipment | 2.2M | 9.9M | 1.7M | 1.7M | 12.5M | 11.1M | 1.4M |
| Goodwill & intangibles | 189.5M | 186.4M | 185.3M | 25.9M | 183.2M | 182.2M | 181.1M |
| Total assets | 712.5M | 878.9M | 894M | 123.8M | 1B | 1.1B | 1.3B |
| Accounts payable | 227.2M | 280.1M | 316.9M | 45.2M | 467.6M | 565.8M | 725.8M |
| Short-term debt | 7.7M | 23.9M | 24M | 3M | 19.7M | 19.3M | 33M |
| Total current liabilities | 344M | 418.9M | 501.5M | 70.7M | 647M | 688.6M | 878.3M |
| Long-term debt | 6.2M | 2.9M | 5.4M | 653K | 4.5M | 4M | 2.1M |
| Total liabilities | 2B | 507M | 515.8M | 72.6M | 657.6M | 741.2M | 932.2M |
| Shareholders' equity | -1.3B | 372M | 378.2M | 51.2M | 352.2M | 354.3M | 355.8M |
| Total debt | 13.9M | 26.8M | 29.3M | 3.7M | 24.2M | 23.2M | 35.2M |
| Net debt | -101M | -233.4M | -214M | -27.2M | -108.9M | -107.9M | -82.3M |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -146.5M | -91M | -159.6M | -61.2M | -17.8M |
| Depreciation & amortization | 14.8M | 11.4M | 11.6M | 8.5M | 8.2M |
| Stock-based compensation | 18.5M | 16.2M | 110M | 33.9M | 24.4M |
| Change in working capital | -72.7M | -84.8M | 18.5M | -117.4M | -51.9M |
| Operating cash flow | -175.1M | -142.3M | -26.9M | -114.1M | -40.5M |
| Capital expenditure | -1.6M | -1.2M | — | — | — |
| Investing cash flow | -65.3M | 27.7M | 13.3M | -13.9M | 35.4M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | -15M | -137.2M | 0 | 0 | — |
| Financing cash flow | 543.7M | -179M | 140.3M | -18.1M | 3.3M |
| Net change in cash | 303.2M | -293.7M | 126.7M | -146.1M | -1.8M |
| Free cash flow | -189.2M | -160.1M | -27.5M | -115.8M | -40.6M |