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 % |
|---|---|---|---|---|---|---|
| Q1 27 | $1.17 | $1.2 | +2.6% | — | $479M | — |
| Q4 26 | $1.03 | $1.16 | +12.6% | — | $437M | — |
| Q3 26 | $0.94 | $1.07 | +13.8% | — | $407M | — |
| Q2 26 | $0.5 | $0.67 | +34.0% | — | $268M | — |
| Q1 26 | $0.36 | $0.52 | +44.4% | — | $223.1M | — |
| Q4 25 | $0.27 | $0.35 | +29.6% | — | $170M | — |
| Q3 25 | $0.18 | $0.25 | +38.9% | — | $135M | — |
| Q2 25 | $0.05 | $0.07 | +40.0% | — | $72M | — |
| Q1 25 | $0.04 | $0.04 | 0.0% | — | $59.7M | — |
| Q4 24 | $0.05 | $0.07 | +40.0% | — | $60.8M | — |
| Q3 24 | $0.03 | $0.04 | +33.3% | — | $53.1M | — |
| Q2 24 | — | $0.01 | — | — | $44M | — |
| Q1 24 | -$0.03 | -$0.03 | 0.0% | — | $35.1M | — |
| Q4 23 | -$0.04 | -$0.04 | 0.0% | — | $32.1M | — |
| Q3 23 | $0.04 | $0.05 | +25.0% | — | $54.3M | — |
| Q2 23 | $0.03 | $0.02 | -33.3% | — | $51.4M | — |
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 % |
|---|---|---|---|---|---|---|
| FY26 | — | $2.65 | — | — | $1.3B | — |
| FY25 | — | $0.31 | — | — | $436.8M | — |
| FY24 | — | -$0.18 | — | — | $193M | — |
| FY23 | — | -$0.11 | — | — | $184.2M | — |
| FY22 | — | -$0.25 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | $53.8M | $58.7M | $106.5M | $184.2M | $193M | $436.8M | $1.3B |
| YoY change | — | +9.03% | +81.4% | +73% | +4.76% | +126.3% | +205.7% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 24 | Q3 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 53.8M | 58.7M | 106.5M | 184.2M | 193M | 436.8M | 1.3B |
| Cost of revenue | 7.7M | 20.4M | 42.5M | 78M | 73.5M | 153.9M | 426.8M |
| Gross profit | 46.1M | 38.3M | 64M | 106.2M | 119.4M | 282.9M | 908.3M |
| Gross margin | 85.6% | 65.2% | 60.1% | 57.7% | 61.9% | 64.8% | 68% |
| Research & development | 27.6M | 34.8M | 47.9M | 76.8M | 95.5M | 146M | 279.4M |
| Selling, general & administrative | 16.5M | 28.7M | 34.9M | 48.2M | 60.2M | 98.9M | 184M |
| Operating expenses | 44M | 63.5M | 82.8M | 125M | 155.7M | 244.9M | 463.3M |
| Operating income | 2.1M | -25.2M | -18.8M | -18.8M | -36.3M | 38M | 445M |
| Operating margin | 3.85% | -43% | -17.7% | -10.2% | -18.8% | 8.7% | 33.3% |
| Non-operating income, net | 24K | -62K | -3.4M | 914K | 13.5M | 16.9M | 30.4M |
| Pretax income | 2.1M | -25.3M | -22.2M | -17.9M | -22.7M | 54.9M | 475.4M |
| Income tax | 766K | 2.2M | -37K | -1.4M | 5.6M | 2.7M | 3.2M |
| Net income | 1.3M | -27.5M | -22.2M | -16.5M | -28.4M | 52.2M | 472.3M |
| Net margin | 2.47% | -46.9% | -20.8% | -8.98% | -14.7% | 11.9% | 35.4% |
| EBITDA | 3.9M | -23M | -10.9M | -6.9M | -21.8M | 60.8M | 480M |
| EPS | 0 | -0.2 | -0.25 | -0.11 | -0.18 | 0.31 | 2.65 |
| Diluted EPS | 0 | -0.2 | -0.25 | -0.11 | -0.18 | 0.29 | 2.51 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 44M | 53.1M | 60.8M | 59.7M | 72M | 135M | 170M | 223.1M | 268M | 407M | 437M | 479M |
| Cost of revenue | 17.9M | 20.5M | 20.8M | 22.4M | 26.5M | 49.1M | 55.8M | 72.7M | 87M | 128.1M | 138.9M | 169.9M |
| Gross profit | 26.1M | 32.6M | 40M | 37.3M | 45.5M | 85.9M | 114.2M | 150.4M | 181M | 278.9M | 298.1M | 309.1M |
| Gross margin | 59.3% | 61.4% | 65.8% | 62.4% | 63.2% | 63.6% | 67.2% | 67.4% | 67.5% | 68.5% | 68.2% | 64.5% |
| Research & development | 21.7M | 24.2M | 26.9M | 30.4M | 31.7M | 36.3M | 47.6M | 52.4M | 57.9M | 78.5M | 90.5M | 114.5M |
| Selling, general & administrative | 13.3M | 14.2M | 20.2M | 21.3M | 22.2M | 23.5M | 31.9M | 37.2M | 44.3M | 50.8M | 51.7M | 73.9M |
| Operating expenses | 35M | 38.5M | 47.1M | 51.7M | 53.9M | 59.7M | 79.5M | 89.6M | 102.3M | 129.2M | 142.2M | 188.4M |
| Operating income | -8.9M | -5.9M | -7.1M | -14.5M | -8.4M | 26.2M | 34.7M | 60.7M | 78.8M | 149.6M | 155.8M | 120.7M |
| Operating margin | -20.2% | -11.1% | -11.7% | -24.2% | -11.7% | 19.4% | 20.4% | 27.2% | 29.4% | 36.8% | 35.7% | 25.2% |
| Non-operating income, net | 2.7M | 4.3M | 4.4M | 5.5M | 4.5M | 3.9M | 2.9M | 3.9M | 4.9M | 9.5M | 12.1M | 8.1M |
| Pretax income | -6.2M | -1.6M | -2.7M | -8.9M | -3.9M | 30.1M | 37.6M | 64.7M | 83.7M | 159.1M | 168M | 128.8M |
| Income tax | 450K | -2M | 7.8M | 622K | 292K | 752K | 1M | 1.3M | 1M | 1.9M | -1.1M | -585K |
| Net income | -6.6M | 428K | -10.5M | -9.5M | -4.2M | 29.4M | 36.6M | 63.4M | 82.6M | 157.1M | 169.1M | 129.4M |
| Net margin | -15% | 0.81% | -17.2% | -16% | -5.87% | 21.7% | 21.5% | 28.4% | 30.8% | 38.6% | 38.7% | 27% |
| EBITDA | -5.2M | -2.5M | -2.7M | -10.2M | -3.4M | 31.3M | 42.3M | 66.2M | 85.4M | 156.4M | 172.1M | 140.9M |
| EPS | -0.04 | 0 | -0.06 | -0.06 | -0.03 | 0.17 | 0.21 | 0.37 | 0.47 | 0.86 | — | 0.7 |
| Diluted EPS | -0.04 | 0 | -0.06 | -0.06 | -0.03 | 0.16 | 0.2 | 0.34 | 0.44 | 0.82 | — | 0.67 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 2.8B | 7.2B | 31.1B | 36.2B |
| Enterprise value | — | — | — | — | 2.4B | 6.8B | 29.6B | 35.5B |
| Shares outstanding | 139.9M | 139.9M | 88.4M | 147.1M | 155.1M | 167.5M | 178.5M | 178.5M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 138.2 | 65.8 | 74.1 |
| P/S | — | — | — | — | 14.4 | 16.5 | 23.3 | 22.8 |
| P/B | — | — | — | — | 5.13 | 10.6 | 15.1 | 13.3 |
| EV/EBITDA | — | — | — | — | -109.2 | 111.8 | 61.8 | 65.3 |
| EV/Sales | — | — | — | — | 12.3 | 15.6 | 22.2 | 22.3 |
| Earnings yield | — | — | — | — | — | 0.72% | 1.52% | 1.35% |
| FCF yield | — | — | — | — | 0.62% | 0.4% | 1.31% | 0.69% |
| PEG | — | — | — | — | — | — | — | 0.83 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 85.6% | 65.2% | 60.1% | 57.7% | 61.9% | 64.8% | 68% | 64.5% |
| Operating margin | 3.85% | -43% | -17.7% | -10.2% | -18.8% | 8.7% | 33.3% | 25.2% |
| Net margin | 2.47% | -46.9% | -20.8% | -8.98% | -14.7% | 11.9% | 35.4% | 33.8% |
| ROE | -14.1% | 49.6% | -6.64% | -4.76% | -5.25% | 7.66% | 22.9% | 30.7% |
| ROA | 1.23% | -17.7% | -5.9% | -4.16% | -4.71% | 6.45% | 20.6% | 16.1% |
| ROIC | -1.58% | 15.9% | -20.5% | -13% | -25.2% | 13.6% | 68.5% | 25.3% |
| Return on tangible assets | 1.23% | -17.7% | -5.9% | -4.16% | -4.71% | 6.45% | 23% | 190.8% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 5.16 | 11 | 12.5 | 10.6 | 11.9 | 6.62 | 10.2 | 7.4 |
| Quick ratio | 5.04 | 10.4 | 11.5 | 9.09 | 11.3 | 5.79 | 8.88 | 5.82 |
| Debt / equity | — | 0 | 0.05 | 0.04 | 0.03 | 0.02 | 0.01 | 0.01 |
| Debt / assets | — | 0 | 0.05 | 0.04 | 0.02 | 0.02 | 0.01 | 0.01 |
| Net debt / EBITDA | — | 4.51 | 22.2 | 29.3 | 18.2 | -6.83 | -2.95 | -1.33 |
| Effective tax rate | 36.6% | 0% | 0% | 0% | 0% | 4.9% | 0.66% | 0.24% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.38 | 0.42 | 1.2 | 1.25 | 1.24 | 2.61 | 7.48 | 8.74 |
| EPS (basic) | 0 | -0.2 | -0.25 | -0.11 | -0.18 | 0.31 | 2.65 | 2.65 |
| EPS (diluted) | 0 | -0.2 | -0.25 | -0.11 | -0.18 | 0.29 | 2.51 | 2.6 |
| Book value per share | -0.07 | -0.4 | 3.78 | 2.36 | 3.48 | 4.07 | 11.6 | 14.5 |
| FCF per share | -0.14 | -0.35 | -0.55 | -0.31 | 0.11 | 0.17 | 2.28 | 2.26 |
| Cash per share | 0.53 | 0.74 | 2.93 | 1.48 | 2.64 | 2.58 | 8.08 | 4.07 |
| Capex per share | 0.06 | 0.04 | 0.2 | 0.15 | 0.1 | 0.22 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 16.4% | 10.3% | 16.5% | 11.8% | 8.11% | 8.26% | — | — |
| Capex / operating cash flow | -44.6% | -20.2% | -35% | -62.1% | 60.9% | 132.9% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $106.5M |
| — |
| FY21 | — | -$0.2 | — | — | $58.7M | — |
| FY20 | — | $0 | — | — | $53.8M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 26 |
|---|
| Q4 26 |
|---|
| Q1 27 |
|---|
| Revenue | $44M | $53.1M | $60.8M | $59.7M | $72M | $135M | $170M | $223.1M | $268M | $407M | $437M | $479M |
| YoY change | -14.3% | -2.23% | +89.4% | +70.1% | +63.6% | +154.4% | +179.7% | +273.6% | +272.1% | +201.5% | +157% | +114.7% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 73.9M | 103.8M | 259.3M | 217.8M | 410M | 431.3M | 1.4B |
| Receivables | 14.3M | 13.6M | 29.5M | 49.5M | 59.7M | 162.1M | 233.4M |
| Inventory | 2.3M | 7.1M | 27.3M | 46M | 25.9M | 90M | 250.8M |
| Total current assets | 95.8M | 137.8M | 332.2M | 328.2M | 530.3M | 713.5M | 2B |
| Property, plant & equipment | 10.7M | 14.2M | 38.8M | 55.1M | 56.7M | 78.9M | 126.2M |
| Goodwill & intangibles | — | — | — | — | — | — | 244.1M |
| Total assets | 108M | 155.5M | 375.7M | 397.3M | 601.9M | 809.3M | 2.3B |
| Accounts payable | 2.5M | 3.6M | 8.5M | 6.1M | 13.4M | 56.2M | 107.3M |
| Short-term debt | — | — | 2.4M | 2.6M | 2.7M | 3.3M | 4.8M |
| Total current liabilities | 18.6M | 12.5M | 26.5M | 31M | 44.6M | 107.7M | 197.1M |
| Long-term debt | — | 0 | 14.8M | 12.9M | 11.1M | 12.7M | 20.6M |
| Total liabilities | 117.4M | 210.9M | 41.5M | 49.7M | 61.7M | 127.7M | 232M |
| Shareholders' equity | -9.4M | -55.4M | 334.2M | 347.6M | 540.2M | 681.6M | 2.1B |
| Total debt | — | 0 | 17.2M | 15.5M | 13.9M | 16M | 25.4M |
| Net debt | — | -103.8M | -242.1M | -93.1M | -53.1M | -220.3M | -1.1B |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 240.5M | 409.1M | 410M | 398.6M | 383M | 379.2M | 431.3M | 479.6M | 813.6M | 1.3B | 1.4B | 764.3M |
| Receivables | 32.7M | 44.8M | 59.7M | 71.9M | 81.8M | 157.1M | 162.1M | 181.2M | 245.2M | 243.2M | 233.4M | 288.8M |
| Inventory | 35.8M | 31.5M | 25.9M | 31.6M | 36.3M | 53.2M | 90M | 116.7M | 150.2M | 208M | 250.8M | 313.1M |
| Total current assets | 328.3M | 511.4M | 530.3M | 542.4M | 538.3M | 619.1M | 713.5M | 803.6M | 1.2B | 1.8B | 2B | 1.5B |
| Property, plant & equipment | 58.5M | 58.5M | 56.7M | 86.1M | 83.4M | 83.2M | 78.9M | 84.3M | 101.7M | 121.5M | 126.2M | 139.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 172M | 177M | 244.1M | 2.7B |
| Total assets | 405.8M | 592.5M | 601.9M | 644.9M | 638.6M | 719.9M | 809.3M | 905.2M | 1.4B | 2B | 2.3B | 3B |
| Accounts payable | 10.9M | 10.3M | 13.4M | 38.5M | 13M | 36.8M | 56.2M | 54.9M | 64.1M | 93.8M | 107.3M | 101.8M |
| Short-term debt | 2.6M | 2.8M | 2.7M | 3.1M | 3M | 3.2M | 3.3M | 3.3M | 3.6M | 3.7M | 4.8M | 5.5M |
| Total current liabilities | 37.2M | 40.2M | 44.6M | 69.4M | 49.6M | 80.7M | 107.7M | 108.4M | 140.4M | 165.2M | 197.1M | 198.2M |
| Long-term debt | 11.6M | 11.6M | 11.1M | 13.5M | 12.9M | 13M | 12.7M | 12.3M | 12.8M | 12.6M | 20.6M | 20.7M |
| Total liabilities | 56.3M | 58.5M | 61.7M | 91.8M | 70.6M | 101.7M | 127.7M | 123.8M | 163.2M | 188.5M | 232M | 284.2M |
| Shareholders' equity | 349.5M | 534M | 540.2M | 553.1M | 567.9M | 618.2M | 681.6M | 781.4M | 1.3B | 1.8B | 2.1B | 2.7B |
| Total debt | 14.2M | 14.4M | 13.9M | 16.7M | 16M | 16.1M | 16M | 15.6M | 16.4M | 16.3M | 25.4M | 26.2M |
| Net debt | -114.8M | -81.7M | -53.1M | -87.2M | -223.2M | -283.1M | -220.3M | -204M | -551.1M | -1.2B | -1.1B | -440.7M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Net income | 1.3M | -27.5M | -22.2M | -16.5M | -28.4M | 52.2M | 472.3M |
| Depreciation & amortization | 1.8M | 2.2M | 4.8M | 9.5M | 13.8M | 21.9M | 35M |
| Stock-based compensation | 1.2M | 2.6M | 9.2M | 23.5M | 39M | 77.4M | 182.6M |
| Change in working capital | -24.2M | -7.3M | -42M | -51.4M | 1.3M | -124.3M | -267.3M |
| Operating cash flow | -19.8M | -30M | -50.2M | -34.9M | 25.7M | 27.1M | 464.3M |
| Capital expenditure | -8.8M | -6.1M | -17.6M | -21.7M | -15.7M | -36.1M | — |
| Investing cash flow | -8.8M | -6.1M | -17.6M | -130.9M | -249.5M | 112M | -196.2M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | 0 | -22.9M | 0 | 0 | — | — | — |
| Financing cash flow | 60.5M | 76.4M | 201.4M | -616K | 168.2M | -15.6M | 710.5M |
| Net change in cash | 31.8M | 40.4M | 133.7M | -166.5M | -55.6M | 123.6M | 978.6M |
| Free cash flow | -19.1M | -48.4M | -48.4M | -46.3M | 17.1M | 29M | 407M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -6.6M | 428K | -10.5M | -9.5M | -4.2M | 29.4M | 36.6M | 63.4M | 82.6M | 157.1M | 169.1M | 129.4M |
| Depreciation & amortization | 3.7M | 3.4M | 3.7M | 4.2M | 5M | 5.1M | 7.7M | 5.5M | 6.6M | 6.8M | 16.3M | 20.2M |
| Stock-based compensation | 8.1M | 8.3M | 14.6M | 16.6M | 16.7M | 16.2M | 27.9M | 35.5M | 45.3M | 52.2M | 49.7M | 88M |
| Change in working capital | -1.7M | -16.8M | -7.3M | -15M | -13.8M | -66.1M | -27.1M | -52.1M | -79M | -53.1M | -70.2M | -151.3M |
| Operating cash flow | 3.5M | -4.6M | 438K | -3.7M | 3.6M | -15.5M | 45M | 54.2M | 61.7M | 166.2M | 182.2M | 90.2M |
| Capital expenditure | -2M | -5.1M | -3.2M | -5.9M | -21.9M | -4.6M | -3.7M | — | — | — | — | — |
| Investing cash flow | -3M | -206.6M | -33.2M | 42.5M | 129.1M | 59.1M | -118.7M | -65M | -68.6M | 165M | -227.7M | -754.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -146K | 0 | -2.4M | -1.9M | -4.9M | -5.7M | -3M | -7.6M | -7.3M | 346.6M | -5.8M | -31.1M |
| Net change in cash | 312K | -211.2M | -35.1M | 36.9M | 127.7M | 37.9M | -76.7M | -18.4M | -14.1M | 677.8M | -51.2M | -695.6M |
| Free cash flow | 3M | -6.1M | 962K | -13.1M | -11.7M | -383K | 54.2M | 51.3M | 38.5M | 139.7M | 177.5M | 82.9M |