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 | -$0.06 | -$0.04 | +33.3% | — | $164.2M | — |
| Q1 26 | -$0.05 | -$0.11 | -120.0% | — | $115.2M | — |
| Q3 25 | $0.07 | -$0.2 | -385.7% | — | $81.1M | — |
| Q2 25 | $0.01 | $0.07 | +600.0% | — | $78.6M | — |
| Q1 25 | $0.02 | -$0.13 | -750.0% | — | $79.5M | — |
| Q4 24 | $0.05 | -$0.13 | -360.0% | — | $94.9M | — |
| Q3 24 | -$0.04 | -$0.16 | -300.0% | — | $95.4M | — |
| Q2 24 | $0.12 | -$0.04 | -133.3% | — | $141.1M | — |
| Q1 24 | $0.14 | $0.16 | +14.3% | — | $179.3M | — |
| Q4 23 | $0.07 | -$0.2 | -385.7% | — | $141.9M | — |
| Q3 22 | -$0.17 | -$1.23 | -623.5% | — | $162.6M | — |
| Q2 22 | $0.04 | -$2.65 | -6725.0% | — | $164M | — |
| Q1 22 | $0.16 | -$1.52 | -1050.0% | — | $192.5M | — |
| Q4 21 | $0.33 | $0.41 | +24.2% | — | -$242.7M | — |
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 | — | -$0.88 | — | — | $319M | — |
| FY24 | — | -$4.39 | — | — | $510.7M | — |
| FY23 | — | -$0.65 | — | — | $502.4M | — |
| FY22 | — | -$6.3 | — | — | $640.3M | — |
| FY21 | — | $0.15 |
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 | $59.5M | $60.3M | $544.5M | $640.3M | $502.4M | $510.7M | $319M |
| YoY change | — | +1.34% | +802.7% | +17.6% | -21.5% | +1.65% | -37.5% |
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 | 59.5M | 60.3M | 544.5M | 640.3M | 502.4M | 510.7M | 319M |
| Cost of revenue | 49M | 50.9M | 305.6M | 631.9M | 378.9M | 389.6M | 281.1M |
| Gross profit | 10.5M | 9.4M | 238.9M | 8.4M | 123.5M | 121.1M | 37.9M |
| Gross margin | 17.7% | 15.6% | 43.9% | 1.31% | 24.6% | 23.7% | 11.9% |
| Research & development | 5.5M | 5.3M | 7.7M | 27M | 7.2M | 11.8M | — |
| Selling, general & administrative | 17.5M | 16.3M | 64.5M | 226M | 100.9M | 120.4M | 182.6M |
| Operating expenses | 23M | 21.6M | 72.2M | 253M | 108.1M | 133.3M | 262.4M |
| Operating income | -12.5M | -12.2M | 166.6M | -244.6M | 15.3M | -12.2M | -224.6M |
| Operating margin | -21% | -20.2% | 30.6% | -38.2% | 3.05% | -2.39% | -70.4% |
| Non-operating income, net | 806K | 4.4M | -59.2M | -1.8B | -174.9M | -1.3B | -66.8M |
| Pretax income | -11.9M | -12.2M | 63.1M | -2.2B | -245.8M | -1.3B | -288M |
| Income tax | 0 | 0 | 15.8M | -17.1M | 683K | 859K | 583K |
| Net income | -11.9M | -12.2M | 47.3M | -2.1B | -246.5M | -1.3B | -288.6M |
| Net margin | -20% | -20.2% | 8.69% | -335.2% | -49.1% | -257.5% | -90.5% |
| EBITDA | -6.4M | -2.9M | 184M | -210.6M | 114.3M | 108.2M | -77.7M |
| EPS | -0.03 | -0.06 | 0.15 | -6.3 | -0.65 | -4.39 | -0.88 |
| Diluted EPS | -0.03 | -0.06 | 0.15 | -6.3 | -0.65 | -4.39 | -0.88 |
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 | 112.9M | 141.9M | 179.3M | 141.1M | 95.4M | 94.9M | 79.5M | 78.6M | 81.1M | 79.8M | 115.2M | 164.2M |
| Cost of revenue | 97.5M | 102.6M | 101.6M | 102.3M | 95.5M | 90.2M | 71.3M | 73.6M | 77.2M | 59M | 85.1M | 94.2M |
| Gross profit | 15.4M | 39.3M | 77.6M | 38.8M | -156K | 4.8M | 8.2M | 5M | 3.9M | 20.8M | 30.1M | 70M |
| Gross margin | 13.7% | 27.7% | 43.3% | 27.5% | -0.16% | 5.02% | 10.3% | 6.39% | 4.81% | 26% | 26.1% | 42.7% |
| Research & development | 2.3M | 1.9M | 1.8M | 2.2M | 2.8M | 5M | — | — | — | — | — | — |
| Selling, general & administrative | 24.6M | 28.1M | 15.1M | 29.2M | 37.5M | 38.6M | 44.6M | 56.9M | 69.4M | 16.2M | 45.2M | 49.4M |
| Operating expenses | 26.8M | 30M | 16.9M | 32M | 40.6M | 44.4M | 55.2M | 27.1M | 58.4M | 126.1M | 60.4M | 85.8M |
| Operating income | -11.4M | 9.3M | 60.7M | 6.8M | -40.7M | -39.6M | -47M | -22.1M | -54.5M | -105.3M | -30.3M | -15.8M |
| Operating margin | -10.1% | 6.55% | 33.9% | 4.85% | -42.7% | -41.8% | -59.1% | -28.1% | -67.2% | -132.1% | -26.3% | -9.59% |
| Non-operating income, net | -27.4M | -120.7M | 164.3M | -796.8M | -407.3M | -224.4M | 621.3M | -915.7M | -90.2M | 320.5M | -311.4M | -1.1B |
| Pretax income | -41M | -195.4M | 210.9M | -804.8M | -455.1M | -265.2M | 576.5M | -936.6M | -143.9M | 214.2M | -346.6M | -1.2B |
| Income tax | 114K | 336K | 206K | 144K | 134K | 375K | 205K | 158K | 125K | 95K | 600K | 1.9M |
| Net income | -41.1M | -195.7M | 210.7M | -804.9M | -455.3M | -265.5M | 576.3M | -936.8M | -144M | 214.2M | -347.2M | -1.2B |
| Net margin | -36.4% | -137.9% | 117.5% | -570.4% | -477.4% | -279.7% | 724.6% | -1.2K% | -177.6% | 268.5% | -301.3% | -703.6% |
| EBITDA | 14.2M | 38.8M | 88.7M | 834.7M | -9M | -10M | -646.1M | 914.9M | 54.9M | -408.9M | -10.5M | 1.1B |
| EPS | -0.11 | -0.51 | 0.91 | -4.51 | -1.17 | -0.6 | 1.44 | -0.04 | -0.46 | 0.6 | -1.06 | -3.32 |
| Diluted EPS | -0.11 | -0.51 | 0.78 | -4.51 | -1.17 | -0.6 | 1.25 | -0.04 | -0.46 | 0.42 | -1.06 | -3.32 |
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 | — | — | — | — | — | — | — | 5.3B |
| Enterprise value | — | — | — | — | — | — | — | 8.2B |
| Shares outstanding | 379.9M | 379.9M | 317.3M | 340.6M | 379.9M | 255.8M | 318.1M | 318.1M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -18.8 |
| P/S | — | — | — | — | — | — | — | 12.7 |
| P/B | — | — | — | — | — | — | — | -2.22 |
| EV/EBITDA | — | — | — | — | — | — | — | -104.9 |
| EV/Sales | — | — | — | — | — | — | — | 18.6 |
| Earnings yield | — | — | — | — | — | — | — | -5.32% |
| FCF yield | — | — | — | — | — | — | — | 8.76% |
| PEG | — | — | — | — | — | — | — | -0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 17.7% | 15.6% | 43.9% | 1.31% | 24.6% | 23.7% | 11.9% | 42.7% |
| Operating margin | -21% | -20.2% | 30.6% | -38.2% | 3.05% | -2.39% | -70.4% | 6.87% |
| Net margin | -20% | -20.2% | 8.69% | -335.2% | -49.1% | -257.5% | -90.5% | 11.9% |
| ROE | -11.2% | -13.7% | 3.53% | 524.3% | 41.3% | 160.3% | 30% | 30% |
| ROA | -7.36% | -5.41% | 1.94% | -265.7% | -34.6% | -82.2% | -12.3% | -2.43% |
| ROIC | -11.7% | -10.1% | 6.12% | 63.1% | 7.03% | 2.68% | 201.2% | -189.1% |
| Return on tangible assets | -31.7% | -12.7% | 15.2% | -266.9% | -34.7% | -82.2% | -12.3% | -29.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.57 | 1.02 | 2.36 | 0.46 | 0.2 | 6.72 | 1.15 | 0.89 |
| Quick ratio | 0.57 | 1.02 | 2.36 | 0.46 | 0.2 | 6.72 | 1.15 | 0.89 |
| Debt / equity | 0.07 | 0.45 | 0.61 | -0.09 | -1.45 | -1.46 | -1.21 | -0.02 |
| Debt / assets | 0.05 | 0.18 | 0.34 | 0.05 | 1.22 | 0.75 | 0.5 | 0.82 |
| Net debt / EBITDA | -0.13 | -10.9 | 3.81 | -0.1 | 7.13 | 3.36 | -11 | 3.36 |
| Interest coverage | -49.7 | -1.75 | 2.42 | -21.3 | -1.85 | -34.5 | — | — |
| Effective tax rate | 0% | 0% | 25% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.16 | 0.16 | 1.72 | 1.88 | 1.32 | 2 | 1 | 1.37 |
| EPS (basic) | -0.03 | -0.06 | 0.15 | -6.3 | -0.65 | -4.39 | -0.88 | -0.88 |
| EPS (diluted) | -0.03 | -0.06 | 0.15 | -6.3 | -0.65 | -4.39 | -0.88 | -5.04 |
| Book value per share | 0.28 | 0.23 | 4.23 | -1.2 | -1.57 | -3.21 | -3.03 | -7.57 |
| FCF per share | -0.1 | -0.07 | -0.18 | -1.16 | 0.13 | -0.2 | -1.45 | -2.94 |
| Cash per share | 0.02 | 0.02 | 0.37 | 0.05 | 0.13 | 3.27 | 0.98 | 5.51 |
| Capex per share | 0.1 | 0 | 0 | 1.77 | 0.01 | 0.37 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 62.6% | 2.6% | 0.13% | 94% | 0.43% | 18.6% | — | — |
| Capex / operating cash flow | -1.4K% | 5.27% | 0.59% | -33.6% | -7.02% | -6.82% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $544.5M |
| — |
| FY20 | — | -$0.06 | — | — | $60.3M | — |
| FY19 | — | -$0.03 | — | — | $59.5M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $112.9M | $141.9M | $179.3M | $141.1M | $95.4M | $94.9M | $79.5M | $78.6M | $81.1M | $79.8M | $115.2M | $164.2M |
| YoY change | -30.6% | +17.1% | +48.6% | +11.2% | -15.5% | -33.1% | -55.6% | -44.3% | -14.9% | -16% | +44.9% | +108.8% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 6.7M | 8.7M | 117.9M | 15.9M | 50.4M | 836.2M | 311.4M |
| Receivables | 105K | 792K | 1.7M | 257K | 1M | 1M | 337.2M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 11.1M | 70.9M | 756.6M | 85.1M | 97M | 904M | 895.5M |
| Property, plant & equipment | 43.2M | 41.4M | 506.7M | 1B | 428.8M | 414.7M | 1.1B |
| Goodwill & intangibles | 124.4M | 129.8M | 2.1B | 3.4M | 2.2M | — | — |
| Total assets | 162M | 225.6M | 2.4B | 807.7M | 712.2M | 1.6B | 2.3B |
| Accounts payable | 7.5M | 3.1M | 11.6M | 53.6M | 154.8M | 19.3M | 126.1M |
| Short-term debt | 2.2M | 18.2M | 104.4M | 37M | 144.2M | 27.9M | 12.3M |
| Total current liabilities | 19.5M | 69.6M | 320.3M | 186.8M | 488.4M | 134.6M | 781.4M |
| Long-term debt | 5.3M | 22.1M | 714.4M | 720K | 721.3M | 1.2B | 1.2B |
| Total liabilities | 55.7M | 136.4M | 1.1B | 1.2B | 1.3B | 2.4B | 3.3B |
| Shareholders' equity | 106.3M | 89.2M | 1.3B | -409.3M | -596.9M | -820.2M | -962.7M |
| Total debt | 7.5M | 40.3M | 818.8M | 37.7M | 865.5M | 1.2B | 1.2B |
| Net debt | 837K | 31.6M | 700.9M | 21.8M | 815.1M | 363.6M | 851.1M |
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 | 42.1M | 50.4M | 98.1M | 96.1M | 253M | 836.2M | 697.9M | 581.3M | 453.4M | 311.4M | 1B | 1.8B |
| Receivables | 1.1M | 1M | 1.1M | 4.7M | 6.2M | 1M | 1M | — | — | 337.2M | — | 383.8M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 134.7M | 97M | 143.3M | 117.9M | 277.9M | 904M | 833.2M | 1B | 1.1B | 895.5M | 1.5B | 2.4B |
| Property, plant & equipment | 553.9M | 428.8M | 485.3M | 373.1M | 393.7M | 414.7M | 505.2M | 689.9M | 907.1M | 1.1B | 1.2B | 1.4B |
| Goodwill & intangibles | 2.4M | 2.2M | 2.1M | — | — | — | — | — | — | — | — | 457.3M |
| Total assets | 705.5M | 712.2M | 814M | 761.5M | 921.9M | 1.6B | 1.6B | 2B | 2.3B | 2.3B | 3.1B | 5.3B |
| Accounts payable | 45.5M | 154.8M | 16.2M | 8.5M | 6.5M | 19.3M | 6.3M | 215.1M | 212.2M | 126.1M | 218.9M | 112.4M |
| Short-term debt | 148.4M | 144.2M | 29M | 26.5M | 27.8M | 27.9M | 27.4M | 11M | 11.4M | 12.3M | 993.9M | — |
| Total current liabilities | 312.7M | 488.4M | 138.1M | 74.8M | 76.5M | 134.6M | 195.5M | 562.7M | 669.9M | 781.4M | 2.7B | 2.7B |
| Long-term debt | 716.5M | 721.3M | 626.8M | 594.4M | 539.9M | 1.2B | 1.2B | 1.1B | 1.1B | 1.2B | 1.1B | 4.3B |
| Total liabilities | 1.1B | 1.3B | 1.1B | 1.8B | 1.7B | 2.4B | 1.8B | 3B | 3.4B | 3.3B | 4.4B | 7.7B |
| Shareholders' equity | -418.7M | -596.9M | -318.5M | -1.1B | -729.4M | -820.2M | -181.5M | -1.1B | -1.1B | -962.7M | -1.3B | -2.4B |
| Total debt | 864.9M | 865.5M | 655.7M | 620.9M | 567.7M | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 2.1B | 4.3B |
| Net debt | 822.7M | 815.1M | 557.6M | 524.8M | 314.7M | 363.6M | 496.2M | 579.6M | 707.8M | 851.1M | 1.1B | 2.5B |
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 | -11.9M | -12.2M | 47.3M | -2.1B | -246.5M | -1.3B | -288.6M |
| Depreciation & amortization | 6.1M | 9.4M | 33.4M | 226.1M | 96.4M | 120.1M | 80.2M |
| Stock-based compensation | 2.9M | 3M | 38.9M | 182.9M | 58.9M | 51.9M | 98.2M |
| Change in working capital | 5.9M | 34.3M | 172.8M | 359.4M | 441.4M | -9.1M | 525.7M |
| Operating cash flow | -2.7M | 29.7M | 120.2M | -1.8B | -30.8M | -1.4B | 278.3M |
| Capital expenditure | -37.3M | -1.6M | 704K | -601.7M | -2.2M | -95M | — |
| Investing cash flow | -37.3M | -15.1M | -423.8M | -590.8M | -2.2M | -95M | -5M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | 0 | -31.6M | 0 | 0 | — |
| Financing cash flow | 28.7M | 40.7M | 957.4M | 281.1M | -44.6M | 814.7M | -70M |
| Net change in cash | -11.2M | 55.3M | 653.8M | -2.1B | -77.6M | -672.5M | 203.2M |
| Free cash flow | -38.4M | -25.3M | -56.7M | -396.5M | 48.1M | -52.3M | -461M |
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 | -41.1M | -195.7M | 210.7M | -804.9M | -455.3M | -265.5M | 576.3M | -936.8M | -144M | 214.2M | -347.2M | -1.2B |
| Depreciation & amortization | 24.5M | 30.9M | 29.8M | 31.5M | 29.7M | 29.2M | 22.4M | 21.5M | 19.2M | 17.1M | 19.8M | 18.7M |
| Stock-based compensation | 14.9M | 17.5M | -1.1M | 8.5M | 20.5M | 24M | 16.2M | 24.2M | 29.9M | 27.9M | 17.8M | 18.2M |
| Change in working capital | 80.8M | 157.6M | 149.8M | 103.3M | 62.4M | 609K | 24.4M | 102.2M | 261.3M | 215.1M | 68.5M | -38.1M |
| Operating cash flow | -4.1M | -92.6M | 54.4M | -954M | -676.6M | 93.4M | 586.3M | -863.4M | 131.8M | 153.1M | 249.9M | -18.9M |
| Capital expenditure | -2.7M | 2.4M | -31.9M | -3.1M | -31.2M | -28.8M | -84M | -119.6M | — | — | — | — |
| Investing cash flow | -2.7M | 2.4M | -32M | -3.2M | -31.2M | -28.8M | -94M | -119.6M | -5.1M | 0 | 0 | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | -3.4M | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -15.4M | -18.3M | 54.4M | -15.6M | 180.7M | 595.2M | -4.5M | -5.3M | -7.1M | -27M | 971.3M | 2.2B |
| Net change in cash | -22.2M | -108.5M | 76.8M | -972.8M | -527.1M | 659.9M | 487.9M | -988.3M | 119.6M | 126.1M | 1.2B | 2.2B |
| Free cash flow | 2.6M | 10.1M | -9.7M | -1.9M | -25.3M | -15.2M | -129.1M | -87.2M | -112.7M | -121.8M | -139.4M | -583.9M |