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 | $0.05 | $0.07 | +40.0% | — | $743.2M | — |
| Q1 26 | $0.07 | $0.07 | 0.0% | — | $749.2M | — |
| Q2 25 | $0.03 | $0.03 | 0.0% | — | $477.6M | — |
| Q1 25 | -$0.07 | $0.05 | +171.4% | — | $462.3M | — |
| Q4 24 | -$0.06 | -$0.05 | +16.7% | — | $337M | — |
| Q3 24 | -$0.03 | -$0.02 | +33.3% | — | $331M | — |
| Q2 24 | -$0.04 | $0.02 | +150.0% | — | $356.3M | — |
| Q1 24 | -$0.08 | -$0.05 | +37.5% | — | $346.9M | — |
| Q4 23 | -$0.14 | -$0.11 | +21.4% | — | $510.3M | — |
| Q3 23 | -$0.11 | -$0.09 | +18.2% | — | $306M | — |
| Q2 23 | -$0.15 | -$0.06 | +60.0% | — | $320.1M | — |
| Q1 23 | -$0.18 | -$0.15 | +16.7% | — | $322M | — |
| Q4 22 | -$0.24 | -$0.22 | +8.3% | — | $898.8M | — |
| Q3 22 | -$0.24 | -$0.16 | +33.3% | — | $856.8M | — |
| Q2 22 | -$0.21 | -$0.22 | -4.8% | — | $846.7M | — |
| Q1 22 | -$0.27 | -$0.19 | +29.6% | — | $874.4M | — |
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 | — | -$0.17 | — | — | $1.9B | — |
| FY24 | — | -$0.08 | — | — | $1.4B | — |
| FY23 | — | -$0.44 | — | — | $2B | — |
| FY22 | — | -$0.71 | — | — | $3.5B | — |
| FY21 | — | -$1.25 |
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 | $462.3M | $672.9M | $1.5B | $3.5B | $2B | $1.4B | $1.9B |
| YoY change | — | +45.6% | +118.8% | +136.2% | -41.5% | -32.6% | +40.3% |
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 | 462.3M | 672.9M | 1.5B | 3.5B | 2B | 1.4B | 1.9B |
| Cost of revenue | 449.7M | 590.1M | 1.6B | 3.5B | 1.8B | 1B | 1.6B |
| Gross profit | 12.6M | 82.8M | -79.2M | 22.7M | 257.3M | 364.8M | 355.9M |
| Gross margin | 2.72% | 12.3% | -5.38% | 0.65% | 12.7% | 26.6% | 18.5% |
| Research & development | — | — | — | — | — | — | — |
| Selling, general & administrative | 187.3M | 192.1M | 445.7M | 486.6M | 444.7M | 408.9M | 439.7M |
| Operating expenses | 195.2M | 175M | 556.6M | 393.2M | 437.5M | 408.9M | 439.7M |
| Operating income | -183.2M | -92.7M | -637M | -371.6M | -182.7M | -45.5M | -85.5M |
| Operating margin | -39.6% | -13.8% | -43.3% | -10.7% | -8.98% | -3.32% | -4.44% |
| Non-operating income, net | -141.5M | 13.4M | 66.1M | 33.4M | -30.7M | -805K | -20K |
| Pretax income | -363.7M | -136.4M | -587.8M | -339.6M | -213.4M | -46.3M | -85.5M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -363.7M | -136.4M | -587.8M | -339.6M | -213.4M | -43M | -85.5M |
| Net margin | -78.7% | -20.3% | -39.9% | -9.77% | -10.5% | -3.14% | -4.45% |
| EBITDA | -182.6M | -92.2M | -635.7M | -370.5M | -180.2M | -44.1M | -83.8M |
| EPS | -0.9 | -0.23 | -1.25 | -0.71 | -0.44 | -0.08 | -0.17 |
| Diluted EPS | -0.9 | -0.23 | -1.25 | -0.71 | -0.44 | -0.08 | -0.17 |
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 | 306M | 510.3M | 346.9M | 356.3M | 331M | 337M | 462.3M | 477.6M | 496.6M | 487.7M | 749.2M | 743.2M |
| Cost of revenue | 235.8M | 448M | 265.2M | 248.3M | 249.8M | 243M | 353.4M | 378M | 423.5M | 413.5M | 589.6M | 590.2M |
| Gross profit | 70.2M | 62.3M | 81.8M | 107.9M | 81.2M | 93.9M | 108.9M | 99.6M | 73.2M | 74.2M | 159.5M | 153M |
| Gross margin | 23% | 12.2% | 23.6% | 30.3% | 24.5% | 27.9% | 23.6% | 20.9% | 14.7% | 15.2% | 21.3% | 20.6% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 101.6M | 109.9M | 103.8M | 99.9M | 90.2M | 115M | 109.7M | 109.8M | 97.1M | 123.1M | 131.7M | 124.4M |
| Operating expenses | 102M | 109.2M | 103.8M | 99.9M | 90.2M | 115M | 109.7M | 109.8M | 97.1M | 123.1M | 131.7M | 124.4M |
| Operating income | -32.3M | -47.7M | -22.4M | 7.7M | -9.3M | -21.4M | -1.3M | -10.6M | -24.4M | -49.3M | 27.3M | 28M |
| Operating margin | -10.6% | -9.34% | -6.44% | 2.15% | -2.82% | -6.37% | -0.28% | -2.21% | -4.91% | -10.1% | 3.65% | 3.77% |
| Non-operating income, net | -1.3M | -22.8M | -820K | -490K | 538K | -33K | — | -19K | — | -1K | — | — |
| Pretax income | -33.6M | -70.5M | -23.2M | 7.2M | -8.8M | -21.5M | -1.3M | -10.6M | -24.4M | -49.3M | 27.3M | 28M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -41.5M | -70.5M | -19.2M | 7.4M | -9.2M | -22.1M | -1.3M | -10.6M | -24.4M | -49.3M | 27.3M | 28M |
| Net margin | -13.6% | -13.8% | -5.53% | 2.08% | -2.77% | -6.56% | -0.28% | -2.21% | -4.91% | -10.1% | 3.65% | 3.77% |
| EBITDA | -31.7M | -47M | -21.2M | 8M | -9M | -21.1M | -808K | -10.1M | -24M | -48.9M | 27.8M | 28.6M |
| EPS | -0.09 | -0.15 | -0.04 | 0.01 | -0.02 | -0.04 | 0 | -0.02 | -0.05 | -0.1 | 0.05 | 0.05 |
| Diluted EPS | -0.09 | -0.15 | -0.04 | 0.01 | -0.02 | -0.04 | 0 | -0.02 | -0.05 | -0.1 | 0.05 | 0.05 |
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 | — | 6.8B | — | 442.9M | 459M | 1.5B | 1.2B | 2.3B |
| Enterprise value | — | 6.8B | — | 114M | 221M | 1.3B | 1.1B | 2.1B |
| Shares outstanding | 404.4M | 404.4M | 470.9M | 476.2M | 482.2M | 490M | 512M | 512M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -25.5 |
| P/S | — | 10.1 | — | 0.13 | 0.23 | 1.13 | 0.63 | 0.96 |
| P/B | — | -11.1 | — | 1.24 | 1.6 | 4.52 | 3.9 | 6.32 |
| EV/EBITDA | — | -74.1 | — | -0.31 | -1.23 | -30 | -12.9 | -119.3 |
| EV/Sales | — | 10.1 | — | 0.03 | 0.11 | 0.96 | 0.56 | 0.86 |
| Earnings yield | — | — | — | — | — | — | — | -3.92% |
| FCF yield | — | -1.76% | — | -65.7% | -25.4% | 2.16% | -5.73% | 3% |
| PEG | — | — | — | — | — | — | — | 0.07 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 2.72% | 12.3% | -5.38% | 0.65% | 12.7% | 26.6% | 18.5% | 20.6% |
| Operating margin | -39.6% | -13.8% | -43.3% | -10.7% | -8.98% | -3.32% | -4.44% | 3.77% |
| Net margin | -78.7% | -20.3% | -39.9% | -9.77% | -10.5% | -3.14% | -4.45% | -0.74% |
| ROE | 2.1M% | 22.2% | -109% | -95.1% | -74.5% | -12.6% | -27.7% | -5.1% |
| ROA | -362.5K% | -51% | -61.8% | -42% | -37.4% | -7.41% | -15.8% | -1.77% |
| Return on tangible assets | -362.5K% | -51.9% | -62.1% | -44.2% | -37.8% | -7.48% | -16% | -2.56% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0 | 1.16 | 2.02 | 1.45 | 1.64 | 1.61 | 1.47 | 1.5 |
| Quick ratio | 0 | 1.16 | 2.02 | 1.45 | 1.64 | 1.61 | 1.47 | 1.5 |
| Debt / equity | — | -0.23 | 0.05 | 0.02 | 0.02 | — | — | 0 |
| Debt / assets | — | 0.52 | 0.03 | 0.01 | 0.01 | — | — | — |
| Net debt / EBITDA | — | -0.45 | 0.92 | 0.89 | 1.32 | — | — | 13.5 |
| Interest coverage | -8.31 | -1.39 | -33.8 | -248.1 | -30.5K | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.14 | 1.66 | 3.13 | 7.3 | 4.22 | 2.8 | 3.76 | 4.77 |
| EPS (basic) | -0.9 | -0.23 | -1.25 | -0.71 | -0.44 | -0.08 | -0.17 | -0.17 |
| EPS (diluted) | -0.9 | -0.23 | -1.25 | -0.71 | -0.44 | -0.08 | -0.17 | -0.05 |
| Book value per share | -0 | -1.52 | 1.15 | 0.75 | 0.59 | 0.7 | 0.6 | 0.71 |
| FCF per share | -0.4 | -0.29 | -0.6 | -0.61 | -0.24 | 0.07 | -0.13 | 0.14 |
| Cash per share | 0 | 0.24 | 1.31 | 0.7 | 0.5 | 0.45 | 0.23 | 0.46 |
| Capex per share | 0 | 0 | 0 | 0.01 | 0 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0% | 0.1% | 0.05% | 0.13% | 0.03% | 0.11% | — | — |
| Capex / operating cash flow | -0.01% | -0.86% | -0.2% | -1.62% | -2.48% | 1.87% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $1.5B |
| — |
| FY20 | — | -$0.23 | — | — | $672.9M | — |
| FY19 | — | -$0.9 | — | — | $462.3M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $306M | $510.3M | $346.9M | $356.3M | $331M | $337M | $462.3M | $477.6M | $496.6M | $487.7M | $749.2M | $743.2M |
| YoY change | -64.3% | -43.2% | +7.74% | +11.3% | +8.16% | -34% | +33.3% | +34.1% | +50.1% | +44.7% | +62% | +55.6% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 0 | 96.7M | 615.3M | 334.8M | 242.7M | 221.6M | 120.3M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 0 | 189.8M | 752.5M | 625M | 428M | 343.1M | 307.9M |
| Property, plant & equipment | — | 10M | 7.7M | 9.8M | 8.5M | 5.3M | 6.4M |
| Goodwill & intangibles | — | 4.2M | 4.2M | 40M | 6M | 6M | 6M |
| Total assets | 100.3K | 267.3M | 950.8M | 808.6M | 570.7M | 580.7M | 541M |
| Accounts payable | — | 30.7M | 28.1M | 32.4M | 37.2M | 34.6M | 36.2M |
| Short-term debt | — | 25.6M | 3.1M | 1.8M | 1.7M | — | — |
| Total current liabilities | 118K | 164.2M | 372.6M | 431.5M | 261.1M | 213.5M | 208.8M |
| Long-term debt | — | 112.8M | 24.8M | 4M | 3M | — | — |
| Total liabilities | 118K | 880.4M | 411.5M | 451.7M | 284.3M | 239.6M | 232.3M |
| Shareholders' equity | -17.6K | -613.2M | 539.3M | 356.9M | 286.4M | 341.1M | 308.7M |
| Total debt | — | 138.4M | 27.8M | 5.9M | 4.7M | — | — |
| Net debt | — | 46M | -272.1M | -97.9M | -118.2M | — | — |
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 | 517.1M | 242.7M | 342.4M | 379.1M | 333.1M | 221.6M | 160.1M | 201.3M | 202.8M | 120.3M | 203.5M | 243.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 915.7M | 428M | 552.7M | 549.6M | 432.7M | 343.1M | 331.4M | 362.9M | 330.9M | 307.9M | 448M | 485.4M |
| Property, plant & equipment | 8.2M | 8.5M | 8.3M | 8.1M | 7.9M | 5.3M | 5M | 5.2M | 5.5M | 6.4M | 6.9M | 7.2M |
| Goodwill & intangibles | 19.2M | 6M | 3M | 3M | 3M | 6M | 3M | 3M | 3M | 6M | 3M | 3M |
| Total assets | 1.1B | 570.7M | 671.8M | 674.2M | 653M | 580.7M | 583.7M | 575M | 559.7M | 541M | 697.7M | 720.3M |
| Accounts payable | 35.3M | 37.2M | 35.4M | 40.4M | 25.7M | 34.6M | 30.6M | 34M | 32.9M | 36.2M | 39.2M | 35.4M |
| Short-term debt | 1.7M | 1.7M | 1.6M | 1.5M | 1.3M | — | — | — | — | — | — | — |
| Total current liabilities | 718.7M | 261.1M | 356.4M | 324.5M | 279.6M | 213.5M | 215.7M | 201.9M | 193.4M | 208.8M | 336.6M | 323.3M |
| Long-term debt | 3.3M | 3M | 2.7M | 2.5M | 2.3M | — | — | — | — | — | — | — |
| Total liabilities | 737.9M | 284.3M | 379.3M | 349.3M | 310.8M | 239.6M | 247.6M | 230.8M | 218.7M | 232.3M | 358.3M | 344.1M |
| Shareholders' equity | 321.9M | 286.4M | 292.5M | 324.9M | 342.2M | 341.1M | 336.1M | 344.2M | 340.9M | 308.7M | 339.4M | 376.3M |
| Total debt | 5M | 4.7M | 4.3M | 4M | 3.7M | — | — | — | — | — | — | — |
| Net debt | -294.1M | -118.2M | -203.9M | -250.8M | -284.3M | — | — | — | — | — | — | — |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -363.7M | -136.4M | -587.8M | -339.6M | -213.4M | -43M | -85.5M |
| Depreciation & amortization | 551K | 555K | 1.2M | 1.2M | 2.5M | 1.3M | 1.7M |
| Stock-based compensation | 3.3M | 7.1M | 163.7M | 164.3M | 140.9M | 114.3M | 103.7M |
| Change in working capital | 98.4M | -1M | 39.9M | -99.9M | 50.4M | 13.6M | -76.1M |
| Operating cash flow | -236.8M | -80.5M | -368.9M | -275.4M | -23.6M | 83.1M | -66.9M |
| Capital expenditure | -23K | -693K | -723K | -4.5M | -584K | -1.6M | — |
| Investing cash flow | -181.9M | -690.6M | -435.4M | 95.1M | 140M | 565K | 6.1M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | 0 | -957K | -147K | -6.4M | -6.2M | -18.3M | -55.2M |
| Financing cash flow | 334M | 6.7M | 925.1M | 77.5M | -33.9M | -17.4M | -53.4M |
| Net change in cash | -84.8M | -764.5M | 120.7M | -102.8M | 82.6M | 66.3M | -114.2M |
| Free cash flow | -159.9M | -119.2M | -283M | -290.8M | -116.5M | 33.3M | -69M |
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 | -41.5M | -70.5M | -19.2M | 7.4M | -9.2M | -22.1M | -1.3M | -10.6M | -24.4M | -49.3M | 27.3M | 28M |
| Depreciation & amortization | 557K | 674K | 318K | 330K | 339K | 344K | 466K | 394K | 406K | 420K | 515K | 564K |
| Stock-based compensation | 33.1M | 33.1M | 28.8M | 27.9M | 28M | 29.6M | 26.4M | 26.2M | 26.1M | 24.9M | 12.3M | 9.1M |
| Change in working capital | -28.6M | -68.5M | 19.5M | 4.8M | 26.7M | -37.5M | -50M | -5.5M | 15.4M | -36M | 53.1M | -10.8M |
| Operating cash flow | -37.4M | -106M | 28.6M | 39.2M | 45.5M | -30.2M | -24.3M | 5.4M | 12.1M | -68.2M | 107.9M | 25.2M |
| Capital expenditure | -243K | 264K | -445K | -397K | -399K | -315K | -185K | — | — | — | — | — |
| Investing cash flow | -20.3M | 83.7M | 9.2M | 5M | -12.1M | -1.4M | 8.9M | 36.1M | -4.7M | -34.4M | -4.2M | 650K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -2M | -827K | -3.4M | -3.2M | -4.9M | -6.8M | -32M | -8.5M | -5.6M | -9.2M | -7.9M | -1.8M |
| Financing cash flow | -2M | -826K | -3.4M | -3.2M | -4.7M | -6.1M | -31.7M | -7.8M | -5.3M | -8.6M | -7.9M | 416K |
| Net change in cash | -59.7M | -23.2M | 34.5M | 41M | 28.7M | -37.8M | -47.1M | 33.8M | 2.1M | -111.2M | 95.8M | 26.3M |
| Free cash flow | -19M | -229M | 25.5M | 44.4M | 49.6M | -86.1M | -16.5M | 4.8M | 11.4M | -68.7M | 107M | 24.5M |