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 | -$0.85 | -$0.81 | +4.7% | — | $0 | — |
| Q1 26 | -$0.84 | -$0.75 | +10.7% | — | $0 | — |
| Q4 25 | -$0.84 | -$0.77 | +8.3% | — | $0 | — |
| Q2 25 | -$0.86 | -$1.07 | -24.4% | — | $0 | — |
| Q1 25 | -$0.81 | -$0.74 | +8.6% | — | $0 | — |
| Q4 24 | -$0.74 | -$0.73 | +1.4% | — | $0 | — |
| Q3 24 | -$0.77 | -$0.69 | +10.4% | — | $0 | — |
| Q2 24 | -$0.73 | -$0.75 | -2.7% | — | $0 | — |
| Q1 24 | -$0.9 | -$0.86 | +4.4% | — | $0 | — |
| Q4 23 | -$0.98 | -$0.54 | +44.9% | — | $0 | — |
| Q3 23 | -$0.94 | -$0.91 | +3.2% | — | $0 | — |
| Q2 23 | -$1 | -$0.82 | +18.0% | — | $0 | — |
| Q1 23 | -$0.98 | -$1.42 | -44.9% | — | $0 | — |
| Q4 22 | -$0.71 | -$0.59 | +16.9% | — | $0 | — |
| Q3 22 | -$0.97 | -$0.54 | +44.3% | — | $0 | — |
| Q2 22 | $5.42 | $3.77 | -30.4% | — | $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 | — | -$3.36 | — | — | $0 | — |
| FY24 | — | -$2.78 | — | — | $0 | — |
| FY23 | — | -$3.69 | — | — | $0 | — |
| FY22 | — | $2.46 | — | — | $0 | — |
| FY21 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $18.9M | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | +InfinityT% | -100% | 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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 18.9M | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 9.6M | 16.8M | 43.2M | 57.8M | 91.9M | 148.2M | 142.9M | 187.4M |
| Selling, general & administrative | 5M | 5.5M | 17.1M | 29.1M | 40.2M | 42.5M | 54M | 54.2M |
| Operating expenses | 14.6M | 22.3M | 60.3M | 86.9M | 132.1M | 190.6M | 196.9M | 241.6M |
| Operating income | -14.6M | -22.3M | -60.3M | -68M | -132.1M | -190.6M | -196.9M | -241.6M |
| Operating margin | — | — | — | -358.7% | — | — | — | — |
| Non-operating income, net | — | -4K | -11K | -8K | 276.8M | -201K | -199K | -443K |
| Pretax income | -14.2M | -21.7M | -59.5M | -67.5M | 151.3M | -169.2M | -167.5M | -219.9M |
| Income tax | — | — | — | 0 | 42.1M | -14.1M | 117K | 0 |
| Net income | -14.2M | -21.7M | -59.5M | -67.5M | 109.2M | -155.1M | -167.6M | -219.9M |
| Net margin | — | — | — | -356.3% | — | — | — | — |
| EBITDA | -14.5M | -22.2M | -60.3M | -67.9M | -408.8M | -189.9M | -196.6M | -241.3M |
| EPS | -1.24 | -1.07 | -1.37 | -1.52 | 2.46 | -3.69 | -2.78 | -3.36 |
| Diluted EPS | -1.24 | -1.07 | -1.37 | -1.52 | 2.38 | -3.69 | -2.78 | -3.36 |
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 | 33.8M | 34.8M | 30.6M | 36.3M | 35.5M | 40.5M | 41.5M | 61M | 42M | 42.9M | 42.1M | 44.4M |
| Selling, general & administrative | 11M | 10.6M | 12.3M | 13.8M | 13.3M | 14.6M | 13.5M | 14.8M | 13.6M | 12.3M | 11.6M | 12.8M |
| Operating expenses | 44.8M | 45.5M | 43M | 50M | 48.9M | 55M | 55M | 75.8M | 55.6M | 55.3M | 53.7M | 57.3M |
| Operating income | -44.8M | -45.5M | -43M | -50M | -48.9M | -55M | -55M | -75.8M | -55.6M | -55.3M | -53.7M | -57.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -260K | -117K | -44K | -72K | -89K | 6K | -85K | -181K | -108K | -69K | -62K | -98K |
| Pretax income | -39.2M | -39.7M | -37.3M | -42M | -40.6M | -47.5M | -48.5M | -70.1M | -50.6M | -50.7M | -49.7M | -53.7M |
| Income tax | 0 | -14.1M | — | — | — | — | — | — | — | — | — | — |
| Net income | -39.2M | -25.6M | -37.3M | -42M | -40.6M | -47.6M | -48.5M | -70.1M | -50.6M | -50.7M | -49.7M | -53.7M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -44.3M | -45.4M | -42.9M | -50M | -48.8M | -55M | -54.9M | -75.7M | -55.5M | -55.2M | -53.6M | -57.2M |
| EPS | -0.91 | — | -0.86 | -0.75 | -0.69 | -0.73 | -0.74 | -1.07 | -0.77 | -0.77 | -0.75 | -0.81 |
| Diluted EPS | -0.91 | — | -0.86 | -0.75 | -0.69 | -0.73 | -0.74 | -1.07 | -0.77 | -0.77 | -0.75 | -0.81 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 664.7M | 476.5M | 423.4M | — | 610.6M | 962.1M |
| Enterprise value | — | — | — | 374.2M | 14.4M | -40.1M | — | 235.4M | 620.6M |
| Shares outstanding | 11.4M | 19.4M | 41.4M | 43.1M | 45.2M | 41.5M | 53.8M | 59M | 59M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | 4.36 | — | — | — | 9.03 |
| P/S | — | — | — | 35.1 | — | — | — | — | — |
| P/B | — | — | — | 1.56 | 0.89 | 0.93 | — | 1.49 | 2.96 |
| EV/EBITDA | — | — | — | -5.51 | -0.04 | 0.21 | — | -0.98 | -2.8 |
| EV/Sales | — | — | — | 19.8 | — | — | — | — | — |
| Earnings yield | — | — | — | — | 22.9% | — | — | — | 11.1% |
| FCF yield | — | — | — | -6.53% | -26.8% | -31.8% | — | -28.8% | -9.27% |
| PEG | — | — | — | — | — | — | — | — | -0.37 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -358.7% | — | — | — | — | 0% |
| Net margin | — | — | — | -356.3% | — | — | — | — | 0% |
| ROE | 68.7% | 54.3% | -29.7% | -15.9% | 20.4% | -34.2% | -28.4% | -53.8% | -50.3% |
| ROA | -41% | -21.6% | -27.7% | -15.4% | 19.5% | -32% | -26.9% | -49% | -31.4% |
| ROIC | — | — | — | -50.4% | -130.8% | 2K% | -101.8% | -721% | -721% |
| Return on tangible assets | -41% | -21.6% | -27.7% | -15.4% | 19.5% | -32% | -26.9% | -49% | -56.3% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 25.8 | 39.7 | 14.8 | 25.2 | 21.1 | 17.1 | 13.5 | 10.2 | 8.42 |
| Quick ratio | 25.8 | 39.7 | 14.8 | 25.2 | 21.1 | 17.1 | 13.5 | 10.2 | 8.42 |
| Debt / equity | — | — | — | 0 | 0.01 | 0.01 | 0 | 0.01 | 0.01 |
| Debt / assets | — | — | — | 0 | 0.01 | 0.01 | 0 | 0.01 | 0.01 |
| Net debt / EBITDA | — | — | — | 4.28 | 1.13 | 2.44 | 2.02 | 1.55 | 1.5 |
| Effective tax rate | — | — | — | 0% | 27.8% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0.44 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -1.24 | -1.07 | -1.37 | -1.52 | 2.46 | -3.69 | -2.78 | -3.36 | -3.36 |
| EPS (diluted) | -1.24 | -1.07 | -1.37 | -1.52 | 2.38 | -3.69 | -2.78 | -3.36 | -3.11 |
| Book value per share | -1.8 | -2.06 | 4.84 | 9.87 | 11.8 | 10.9 | 11 | 6.93 | 5 |
| FCF per share | -1.21 | -1.08 | -0.72 | -1.01 | -2.83 | -3.24 | -2.7 | -2.98 | -2.59 |
| Cash per share | 2.95 | 5.09 | 5.08 | 6.74 | 10.3 | 11.2 | 7.42 | 6.41 | 5.2 |
| Capex per share | 0.02 | 0 | 0 | 0 | 0.02 | 0.01 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 0% | — | — | — | — | — |
| Capex / operating cash flow | -1.91% | -0.1% | -0.03% | 0% | 0.76% | -0.17% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| -$1.52 |
| — |
| — |
| $18.9M |
| — |
| FY20 | — | -$1.37 | — | — | $0 | — |
| FY19 | — | -$1.07 | — | — | $0 | — |
| FY18 | — | -$1.24 | — | — | $0 | — |
| 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 |
| 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 33.8M | 98.6M | 210.2M | 290.5M | 467.3M | 467.1M | 399M | 377.9M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 34.2M | 100.1M | 212.3M | 296.6M | 474.5M | 480.2M | 414.7M | 386.8M |
| Property, plant & equipment | 233K | 182K | 130K | 77K | 5.3M | 3.5M | 2.4M | 3.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 34.6M | 100.5M | 214.7M | 437.2M | 561.1M | 484.2M | 621.8M | 448.4M |
| Accounts payable | 296K | 934K | 9.7M | 3.2M | 2.7M | 2.5M | 1.7M | 841K |
| Short-term debt | — | — | — | — | 1.6M | 1.4M | 1.3M | 780K |
| Total current liabilities | 1.3M | 2.5M | 14.3M | 11.7M | 22.5M | 28.1M | 30.6M | 37.7M |
| Long-term debt | — | — | — | 0 | 3.6M | 2.1M | 849K | 1.9M |
| Total liabilities | 55.3M | 140.4M | 14.4M | 11.8M | 26.1M | 30.3M | 31.5M | 39.6M |
| Shareholders' equity | -20.6M | -39.9M | 200.3M | 425.4M | 535M | 453.9M | 590.3M | 408.7M |
| Total debt | — | — | — | 0 | 5.2M | 3.6M | 2.2M | 2.7M |
| Net debt | — | — | — | -59.8M | -151M | -94.8M | -80.9M | -85.6M |
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 | 466.4M | 467.1M | 433M | 662.5M | 578.1M | 399M | 303.8M | 265.5M | 332.6M | 377.9M | 351.9M | 334.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 476.7M | 480.2M | 445.7M | 677.8M | 592M | 414.7M | 317.8M | 275.9M | 342.2M | 386.8M | 361.4M | 342M |
| Property, plant & equipment | 4M | 3.5M | 3.2M | 3M | 2.8M | 2.4M | 2.2M | 1.7M | 1.5M | 3.1M | 2.8M | 2.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 494.7M | 484.2M | 449.4M | 681.2M | 653.3M | 621.8M | 579.7M | 520.3M | 484.1M | 448.4M | 403M | 363.8M |
| Accounts payable | 951K | 2.5M | 3.7M | 1.6M | 2.1M | 1.7M | 3.4M | 2.5M | 1.7M | 841K | 2.5M | 3.7M |
| Short-term debt | 3.5M | 1.4M | 1.3M | 1.2M | 1.3M | 1.3M | 1.3M | 1.4M | 1.2M | 780K | 725K | 666K |
| Total current liabilities | 23.4M | 28.1M | 21.9M | 23.5M | 24.2M | 30.6M | 27.3M | 28.1M | 32.8M | 37.7M | 35.2M | 40.6M |
| Long-term debt | 2.4M | 2.1M | 1.8M | 1.5M | 1.2M | 849K | 493K | 125K | 0 | 1.9M | 1.7M | 1.4M |
| Total liabilities | 25.9M | 30.3M | 23.8M | 25M | 25.4M | 31.5M | 27.8M | 28.2M | 32.8M | 39.6M | 36.8M | 42M |
| Shareholders' equity | 468.8M | 453.9M | 425.7M | 656.2M | 627.9M | 590.3M | 551.8M | 492.1M | 451.4M | 408.7M | 366.2M | 321.8M |
| Total debt | 5.9M | 3.6M | 3.2M | 2.7M | 2.4M | 2.2M | 1.8M | 1.5M | 1.2M | 2.7M | 2.4M | 2.1M |
| Net debt | -58.9M | -94.8M | -71.1M | -112.3M | -99.6M | -80.9M | -74.8M | -71.3M | -102.1M | -85.6M | -72.7M | -76.6M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -14.2M | -21.7M | -59.5M | -67.5M | 109.2M | -155.1M | -167.6M | -219.9M |
| Depreciation & amortization | 43K | 70K | 62K | 53K | 93K | 310K | 306K | 311K |
| Stock-based compensation | 0 | 17K | 14.9M | 24.4M | 28M | 30.4M | 37.8M | 36M |
| Change in working capital | 289K | 649K | 5.6M | -4.8M | -509K | -167K | -812K | -839K |
| Operating cash flow | -13.6M | -20.4M | -31.3M | -47.8M | 137.1M | -124.4M | -130.3M | -175.8M |
| Capital expenditure | -261K | -20K | -10K | 0 | -1M | -208K | 0 | — |
| Investing cash flow | -261K | -35.4M | -5.4M | -333.8M | 249M | 35.8M | -136.3M | 180M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | -21K | -378K | -213K | — | — | — | — | — |
| Financing cash flow | -29K | 85.7M | 139.9M | 265.5M | -32M | 40.2M | 258.2M | 0 |
| Net change in cash | -13.9M | 29.9M | 103.2M | -116.1M | 354.1M | -48.4M | -8.4M | 4.3M |
| Free cash flow | -13.8M | -20.9M | -29.8M | -43.4M | -127.8M | -134.5M | -145.3M | -175.8M |
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 | 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 | -39.2M | -25.6M | -37.3M | -42M | -40.6M | -47.6M | -48.5M | -70.1M | -50.6M | -50.7M | -49.7M | -53.7M |
| Depreciation & amortization | 80K | 77K | 76K | 77K | 76K | 77K | 76K | 77K | 79K | 79K | 79K | 79K |
| Stock-based compensation | 7.7M | 7.5M | 8.2M | 10.5M | 9.4M | 9.6M | 9.4M | 9.9M | 9.5M | 7.3M | 7.6M | 8.4M |
| Change in working capital | -1.5M | 1.5M | 1.2M | -2.2M | 560K | -434K | 1.7M | -941K | -739K | -879K | 1.7M | 1.2M |
| Operating cash flow | -32.9M | -16.3M | -27.8M | -33.6M | -30.5M | -38.4M | -37.3M | -57.6M | -36.9M | -38.1M | -46M | -38.2M |
| Capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Investing cash flow | -43M | 51.5M | 13M | -185.1M | 19.9M | 16M | 36.8M | 53.4M | 67.4M | 22.4M | 32.4M | 40.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 0 | -656K | 0 | — | — | 0 | 0 | — | — |
| Net change in cash | -75.9M | 35.2M | -14.9M | -218.7M | -11.3M | -22.4M | -526K | -4.2M | 30.6M | -15.7M | -13.6M | 2.5M |
| Free cash flow | -34.1M | -18.1M | -38.2M | -36.3M | -34.1M | -36.6M | -43.2M | -57.6M | -36.9M | -38.1M | -46M | -38.2M |