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 | $0.02 | $0.07 | +250.0% | — | $669.8M | — |
| Q1 26 | $0.03 | $0.13 | +333.3% | — | $647.4M | — |
| Q4 25 | -$0.18 | -$0.12 | +33.3% | — | $596.4M | — |
| Q2 25 | -$3.86 | -$7.29 | -88.9% | — | $528.1M | — |
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 | — | -$4.27 | — | — | $2.2B | — |
| FY24 | — | -$2.33 | — | — | $1.7B | — |
| FY23 | — | — | — | — | $1.3B | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $1.3B | $1.7B | $2.2B |
| YoY change | — | +30.9% | +30.7% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $392M | $384.2M | $475.2M | $518.7M | $528.1M | $543.5M | $596.4M |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 1.3B | 1.7B | 2.2B |
| Cost of revenue | 219.7M | 207.5M | 263M |
| Gross profit | 1.1B | 1.5B | 1.9B |
| Gross margin | 82.8% | 87.6% | 88% |
| Research & development | 259M | 309.6M | 934.9M |
| Selling, general & administrative | 598.8M | 697M | 1.1B |
| Operating expenses | 1.3B | 1.5B | 2.9B |
| Operating income | -235.8M | -62.2M | -1B |
| Operating margin | -18.4% | -3.72% | -47.6% |
| Non-operating income, net | 32.8M | 39.5M | 30.9M |
| Pretax income | -203M | -22.7M | -1B |
| Income tax | 234K | 2.6M | 831K |
| Net income | -203.2M | -25.3M | -1B |
| Net margin | -15.9% | -1.51% | -46.2% |
| EBITDA | -222.8M | -36.8M | -1B |
| EPS | — | -2.33 | -4.27 |
| Diluted EPS | — | -2.33 | -4.27 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 392M | 384.2M | 475.2M | 518.7M | 528.1M | 543.5M | 596.4M | 647.4M | 669.8M |
| Cost of revenue | 47.4M | 50.5M | 56M | 60.4M | 67.1M | 69.4M | 66.1M | 67.1M | 74.9M |
| Gross profit | 344.5M | 333.7M | 419.2M | 458.3M | 461M | 474.1M | 530.3M | 580.3M | 594.9M |
| Gross margin | 87.9% | 86.9% | 88.2% | 88.4% | 87.3% | 87.2% | 88.9% | 89.6% | 88.8% |
| Research & development | 74.9M | 75.4M | 78.9M | 77.9M | 621.8M | 123.9M | 111.3M | 109.8M | 112.1M |
| Selling, general & administrative | 156.3M | 159.7M | 191.3M | 179.7M | 464.7M | 230.2M | 272.9M | 235.9M | 244.3M |
| Operating expenses | 335.3M | 339.9M | 442.5M | 445.4M | 1.4B | 534.8M | 579.7M | 530M | 569.3M |
| Operating income | 5M | -9.4M | -27.1M | 9.1M | -930.6M | -64.7M | -53.8M | 46.2M | 21.3M |
| Operating margin | 1.28% | -2.46% | -5.71% | 1.76% | -176.2% | -11.9% | -9.02% | 7.13% | 3.18% |
| Non-operating income, net | 10.5M | 9.9M | 8.2M | 5.4M | 6.2M | 10.3M | 9M | 7.7M | 6.7M |
| Pretax income | 15.5M | 463K | -18.9M | 14.5M | -924.4M | -54.4M | -44.7M | 53.9M | 28.1M |
| Income tax | -362K | 78K | 695K | 1.6M | -1M | 280K | 46K | 455K | 213K |
| Net income | 15.9M | 385K | -19.6M | 12.9M | -923.4M | -54.7M | -44.8M | 53.5M | 27.9M |
| Net margin | 4.06% | 0.1% | -4.13% | 2.49% | -174.8% | -10.1% | -7.51% | 8.26% | 4.16% |
| EBITDA | 10.3M | -3.3M | -20M | 16.4M | -923.2M | -57.2M | -46M | 53.8M | 28.9M |
| EPS | — | 0 | — | -0.1 | -7.29 | -0.15 | -0.12 | 0.14 | 0.07 |
| Diluted EPS | — | 0 | — | -0.1 | -7.29 | -0.15 | -0.12 | 0.13 | 0.07 |
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 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Market cap | — | — | — | 10.1B |
| Enterprise value | — | — | — | 9.2B |
| Shares outstanding | — | 333M | 236.3M | 236.3M |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| P/E | — | — | — | 4.99 |
| P/S | — | — | — | 4.13 |
| P/B | — | — | — | 7.22 |
| EV/EBITDA | — | — | — | 23.9 |
| EV/Sales | — | — | — | 3.73 |
| Earnings yield | — | — | — | 20.1% |
| FCF yield | — | — | — | 4.33% |
| PEG | — | — | — | -0.05 |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Gross margin | 82.8% | 87.6% | 88% | 88.8% |
| Operating margin | -18.4% | -3.72% | -47.6% | 18.6% |
| Net margin | -15.9% | -1.51% | -46.2% | -0.74% |
| ROE | -21.7% | -2.64% | -72.1% | -1.28% |
| ROA | -15.4% | -1.73% | -51.4% | 12% |
| ROIC | -97.9% | -17.8% | -215.6% | -10.8% |
| Return on tangible assets | -15.4% | -1.73% | -51.4% | -0.94% |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Current ratio | 4.03 | 3.43 | 4.53 | 4.62 |
| Quick ratio | 4.03 | 3.43 | 4.53 | 4.62 |
| Debt / equity | 0.11 | 0.1 | 0.1 | 0.13 |
| Debt / assets | 0.08 | 0.07 | 0.07 | 0.07 |
| Net debt / EBITDA | 3.12 | 16.6 | 0.91 | 45.6 |
| Effective tax rate | 0% | 0% | 0% | 0% |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Revenue per share | — | 5.02 | 9.26 | 6.49 |
| EPS (basic) | — | -2.33 | -4.27 | -4.27 |
| EPS (diluted) | — | -2.33 | -4.27 | 5.37 |
| Book value per share | — | 2.88 | 5.93 | 3.71 |
| FCF per share | — | 0.15 | 0.1 | 0.79 |
| Cash per share | — | 2.12 | 4.46 | 3.07 |
| Capex per share | — | 0.01 | 0.04 | 0.01 |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Capex / revenue | 0.82% | 0.29% | 0.4% | 0.13% |
| Capex / operating cash flow | -4.67% | -25.6% | 16.7% | 0.95% |
| Payout ratio | — | — | — | 0% |
| $647.4M |
| $669.8M |
| YoY change | — | — | — | +32.3% | +37.5% | — | +25.5% | +24.8% | +26.8% |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash & short-term investments | 800.6M | 706.6M | 1.1B |
| Receivables | 176.5M | 216.2M | 257.9M |
| Inventory | — | — | — |
| Total current assets | 1.2B | 1.3B | 1.8B |
| Property, plant & equipment | 157.5M | 142M | 177.7M |
| Goodwill & intangibles | — | — | — |
| Total assets | 1.3B | 1.5B | 2B |
| Accounts payable | 22.1M | 35.8M | 38.7M |
| Short-term debt | 12M | 15.7M | 11.4M |
| Total current liabilities | 288.7M | 374.8M | 387.9M |
| Long-term debt | 92.9M | 80.6M | 123.3M |
| Total liabilities | 383.7M | 501.5M | 562.9M |
| Shareholders' equity | 936.5M | 959.5M | 1.4B |
| Total debt | 104.9M | 96.3M | 134.7M |
| Net debt | -134.9M | -241.4M | -331.6M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 706.6M | 654.6M | 1.1B | 1.1B | 1.1B | 1B | 1.1B |
| Receivables | 216.2M | 241.7M | 229.6M | 237.7M | 257.9M | 294.3M | 287.8M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 1.3B | 1.3B | 1.7B | 1.8B | 1.8B | 1.7B | 1.8B |
| Property, plant & equipment | 142M | 137.8M | 134.7M | 172.1M | 177.7M | 175.7M | 176.3M |
| Goodwill & intangibles | — | — | 55M | 55M | — | — | 55M |
| Total assets | 1.5B | 1.4B | 1.9B | 2B | 2B | 2B | 2B |
| Accounts payable | 35.8M | 37.6M | 51.8M | 40M | 38.7M | 37.9M | 36.3M |
| Short-term debt | 15.7M | 14.3M | 13.1M | 11.9M | 11.4M | 12.1M | 13M |
| Total current liabilities | 374.8M | 333.5M | 359.7M | 355.9M | 387.9M | 344.1M | 387.2M |
| Long-term debt | 80.6M | 77.4M | 74.8M | 125.8M | 123.3M | 120.6M | 117.8M |
| Total liabilities | 501.5M | 454M | 474.4M | 519M | 562.9M | 508.9M | 591.8M |
| Shareholders' equity | 959.5M | 982M | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B |
| Total debt | 96.3M | 91.7M | 87.9M | 137.8M | 134.7M | 132.7M | 130.9M |
| Net debt | -241.4M | -226.5M | -780.4M | -307.3M | -331.6M | -474.9M | -405.2M |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income | -203.2M | -25.3M | -1B |
| Depreciation & amortization | 12.9M | 25.4M | 30M |
| Stock-based compensation | 26M | 29.8M | 1.1B |
| Change in working capital | -137.6M | -113.7M | -133.3M |
| Operating cash flow | -224.9M | -18.8M | 52.8M |
| Capital expenditure | -10.5M | -4.8M | -8.8M |
| Investing cash flow | 184.3M | 55.3M | -269.8M |
| Dividends paid | — | — | — |
| Share repurchases | -61K | -950K | -77.5M |
| Financing cash flow | -891K | -950K | 342.5M |
| Net change in cash | -41.4M | 35.6M | 125.5M |
| Free cash flow | -184.4M | 49.7M | 24.1M |
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 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | 15.9M | 385K | -19.6M | 12.9M | -923.4M | -54.7M | -44.8M | 53.5M | 27.9M |
| Depreciation & amortization | 5.2M | 6.1M | 7.1M | 7.3M | 7.4M | 7.5M | 7.8M | 7.7M | 7.6M |
| Stock-based compensation | 5.2M | 6.4M | 8.1M | 8.7M | 910.1M | 84.8M | 67.3M | 60.7M | 69.4M |
| Change in working capital | -7.1M | -42.7M | -33.9M | -42.6M | -13.8M | -42.7M | -34.1M | -20.3M | 68.6M |
| Operating cash flow | 30.6M | -11.8M | -19.2M | 17M | 28.5M | 17.5M | 32.6M | 87.5M | 207.5M |
| Capital expenditure | -28K | -106K | -1.6M | -1.6M | -3.2M | -1.7M | -787K | -831K | -1K |
| Investing cash flow | -3.5M | 37.8M | 52.7M | 9.9M | 74.5M | -421.6M | 69M | 133.9M | -132M |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | -29K | -564K | 0 | 0 | 0 | 0 | -77.5M | -85.7M | -136.3M |
| Financing cash flow | -29K | -564K | 0 | -843K | -322.9M | -26.8M | -79.5M | -87.3M | -138.7M |
| Net change in cash | 27.1M | 25.4M | 33.5M | 26M | -220M | -430.8M | 22M | 134.1M | -63.2M |
| Free cash flow | 70M | -3.6M | 14.4M | -30.5M | 23.3M | 13.8M | 17.6M | 80M | 197.5M |