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 | $3.84 | $4.12 | +7.3% | — | $170.8M | — |
| Q1 26 | $3.08 | $3.64 | +18.2% | — | $158.4M | — |
| Q4 25 | $3.75 | $3.69 | -1.6% | — | $163.7M | — |
| Q3 25 | $2.34 | $4.24 | +81.2% | — | $150.7M | — |
| Q2 25 | $1.94 | $3.14 | +61.9% | — | $131.8M | — |
| Q1 25 | $1.41 | $2.48 | +75.9% | — | $108M | — |
| Q4 24 | $1.05 | $2.04 | +94.3% | — | $100.8M | — |
| Q3 24 | $0.6 | $1.51 | +151.7% | — | $92.5M | — |
| Q2 24 | $0.12 | $1.01 | +741.7% | — | $80.1M | — |
| Q1 24 | -$0.28 | $0.12 | +142.9% | — | $73.6M | — |
| Q3 23 | -$1.88 | -$1.01 | +46.3% | — | $65.8M | — |
| Q2 23 | -$1.97 | -$1.32 | +33.0% | — | $61.2M | — |
| Q1 23 | -$1.72 | -$1.2 | +30.2% | — | $58.9M | — |
| Q4 22 | -$0.06 | -$0.05 | +16.7% | — | $59.7M | — |
| Q3 22 | -$1.98 | -$2.56 | -29.3% | — | $56.8M | — |
| Q2 22 | -$2.37 | -$2.88 | -21.5% | — | $45.8M | — |
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 | — | $14.7 | — | — | $554.2M | — |
| FY24 | — | $4.62 | — | — | $347.1M | — |
| FY23 | — | -$4.07 | — | — | $259.1M | — |
| FY22 | — | -$10.9 | — | — | $204.8M | — |
| FY21 | — |
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 | $76.2M | $121.8M | $153M | $204.8M | $259.1M | $347.1M | $554.2M |
| YoY change | — | +59.8% | +25.6% | +33.9% | +26.5% | +34% | +59.7% |
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 | 76.2M | 121.8M | 153M | 204.8M | 259.1M | 347.1M | 554.2M |
| Cost of revenue | 15.2M | 21.6M | 23.5M | 31.9M | 28.9M | 30.4M | 73.8M |
| Gross profit | 61M | 100.2M | 129.6M | 172.9M | 230.2M | 316.7M | 480.4M |
| Gross margin | 80% | 82.2% | 84.7% | 84.4% | 88.8% | 91.2% | 86.7% |
| Research & development | — | — | — | — | — | — | — |
| Selling, general & administrative | 32.2M | 60.2M | 101M | 172.5M | 143.3M | 151.9M | 169.3M |
| Operating expenses | 39.5M | 76M | 144.3M | 241M | 214M | 227.5M | 202.7M |
| Operating income | 1.8M | -1.4M | -46.9M | -134.4M | -42.2M | 34.6M | 186.6M |
| Operating margin | 2.33% | -1.13% | -30.6% | -65.6% | -16.3% | 9.97% | 33.7% |
| Non-operating income, net | -22K | -4.5M | 29.5M | 16.3M | 282K | 30.7M | -13.1M |
| Pretax income | 1.3M | -6.8M | -19.9M | -129M | -48.4M | 60.4M | 168M |
| Income tax | 545K | 145K | 97K | -67K | 120K | 2.5M | -27.8M |
| Net income | 787K | -7M | -20M | -128.9M | -48.5M | 57.9M | 195.9M |
| Net margin | 1.03% | -5.71% | -13.1% | -62.9% | -18.7% | 16.7% | 35.3% |
| EBITDA | 3M | -610K | -43.8M | -128.9M | -31.4M | 45.3M | 195.3M |
| EPS | 0 | -0.6 | -1.72 | -10.9 | -4.07 | 4.62 | 14.7 |
| Diluted EPS | 0 | -0.6 | -1.72 | -10.9 | -4.07 | 4.19 | 13.5 |
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 | 65.8M | 73.1M | 73.6M | 80.1M | 92.5M | 100.8M | 108M | 131.8M | 150.7M | 163.7M | 158.4M | 170.8M |
| Cost of revenue | 7.1M | 7.5M | 7.7M | 7.8M | 8.6M | 6.3M | 7.1M | 17.3M | 20M | 19.8M | 20.7M | 22.1M |
| Gross profit | 58.7M | 65.6M | 65.9M | 72.3M | 83.9M | 94.6M | 100.9M | 114.5M | 130.8M | 144M | 137.7M | 148.7M |
| Gross margin | 89.3% | 89.7% | 89.5% | 90.3% | 90.7% | 93.8% | 93.4% | 86.9% | 86.7% | 87.9% | 86.9% | 87.1% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 37M | 33.6M | 33.6M | 35.3M | 43.3M | 39.8M | 37.8M | 41.9M | 43.8M | 44.5M | 41.9M | 56.1M |
| Operating expenses | 53.3M | 49.3M | 50.6M | 52.3M | 67.7M | 56.9M | 55.1M | 48.1M | 55M | 54.2M | 51.6M | 67.6M |
| Operating income | -10.6M | 1.8M | 5.4M | 5.7M | 2.5M | 21M | 35.1M | 41.1M | 45.9M | 64.5M | 59.6M | 52.2M |
| Operating margin | -16.1% | 2.42% | 7.33% | 7.08% | 2.76% | 20.8% | 32.6% | 31.2% | 30.5% | 39.4% | 37.6% | 30.6% |
| Non-operating income, net | 255K | 8K | 32.8M | 335K | -186K | -2.2M | 46K | -28.4M | 14M | 1.2M | 11.5M | -36.9M |
| Pretax income | -12M | 275K | 37.4M | 4.6M | 839K | 17.5M | 33.9M | 11.5M | 58.4M | 64.2M | 70.2M | 14.7M |
| Income tax | 9K | 96K | 3.2M | -1.8M | 373K | 687K | 5.1M | 2.5M | -33.6M | -1.7M | 12.2M | 8M |
| Net income | -12.1M | 179K | 34.2M | 6.4M | 466K | 16.8M | 28.8M | 9M | 92.1M | 65.9M | 57.9M | 6.7M |
| Net margin | -18.3% | 0.24% | 46.5% | 7.94% | 0.5% | 16.7% | 26.7% | 6.86% | 61.1% | 40.3% | 36.6% | 3.92% |
| EBITDA | -7.8M | 4.7M | 8.6M | 8M | 4.8M | 23.8M | 37.1M | 43.3M | 48.1M | 66.9M | 62M | 55.6M |
| EPS | -1.01 | — | 2.8 | 0.51 | 0.04 | 1.31 | 2.19 | 0.68 | 6.84 | 4.88 | 4.31 | 0.53 |
| Diluted EPS | -1.01 | — | 2.6 | 0.47 | 0.03 | 1.16 | 1.97 | 0.62 | 6.34 | 4.57 | 4.02 | 0.49 |
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 | — | — | 3.8B | 109.5M | 100.1M | 1.1B | 3B | 4.1B |
| Enterprise value | — | — | 3.8B | 95.7M | 125.4M | 1.1B | 2.9B | 4.1B |
| Shares outstanding | 11.6M | 11.6M | 11.6M | 11.8M | 11.9M | 12.5M | 13.4M | 13.4M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 18.8 | 15.1 | 20.7 |
| P/S | — | — | 24.9 | 0.53 | 0.39 | 3.14 | 5.34 | 6.36 |
| P/B | — | — | 98.4 | 1.03 | 1.15 | 5.95 | 8.39 | 19.7 |
| EV/EBITDA | — | — | -87.8 | -0.74 | -4 | 23.7 | 14.9 | 17.7 |
| EV/Sales | — | — | 25.1 | 0.47 | 0.48 | 3.1 | 5.26 | 6.38 |
| Earnings yield | — | — | — | — | — | 5.31% | 6.62% | 4.84% |
| FCF yield | — | — | -0.18% | -49.5% | 25.2% | 10.8% | 9.57% | 4.09% |
| PEG | — | — | — | — | — | — | — | -0.94 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 80% | 82.2% | 84.7% | 84.4% | 88.8% | 91.2% | 86.7% | 87.1% |
| Operating margin | 2.33% | -1.13% | -30.6% | -65.6% | -16.3% | 9.97% | 33.7% | 32.9% |
| Net margin | 1.03% | -5.71% | -13.1% | -62.9% | -18.7% | 16.7% | 35.3% | 34.6% |
| ROE | 1.42% | -14% | -51.6% | -121% | -55.7% | 31.6% | 55.5% | 104.8% |
| ROA | 1.17% | -9.11% | -13.6% | -40.1% | -16.5% | 19.3% | 40.2% | 31% |
| ROIC | 4.02% | -4.12% | -65% | -144.9% | -37.5% | 19.7% | 60.9% | 100% |
| Return on tangible assets | 1.25% | -10.3% | -15.2% | -42.8% | -18.1% | 21.3% | 42.6% | 41% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 6.5 | 2.87 | 1.46 | 8.47 | 10.8 | 8.05 | 3.83 | 4.22 |
| Quick ratio | 6.5 | 2.87 | 1.46 | 8.47 | 10.8 | 8.05 | 3.83 | 4.22 |
| Debt / equity | 0.05 | 0.12 | 1.9 | 1.67 | 2.08 | 0.41 | 0.21 | 1.29 |
| Debt / assets | 0.04 | 0.08 | 0.5 | 0.55 | 0.62 | 0.25 | 0.15 | 0.47 |
| Net debt / EBITDA | -9.68 | 26.8 | -0.76 | 0.11 | -0.81 | -0.33 | -0.24 | 0.06 |
| Interest coverage | 2.56 | -399.7 | -6.82 | -13 | -3.11 | 8.55 | 24.9 | 29.6 |
| Effective tax rate | 40.9% | 0% | 0% | 0% | 0% | 4.11% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 6.56 | 10.5 | 13.2 | 17.4 | 21.7 | 27.7 | 41.5 | 48.5 |
| EPS (basic) | 0 | -0.6 | -1.72 | -10.9 | -4.07 | 4.62 | 14.7 | 14.7 |
| EPS (diluted) | 0 | -0.6 | -1.72 | -10.9 | -4.07 | 4.19 | 13.5 | 15.5 |
| Book value per share | 4.76 | 4.29 | 3.33 | 9.03 | 7.29 | 14.6 | 26.4 | 16.3 |
| FCF per share | -1.16 | -1.15 | -0.6 | -4.59 | 2.11 | 9.38 | 21.2 | 23.3 |
| Cash per share | 2.73 | 1.93 | 3.46 | 16.3 | 13.1 | 7.2 | 9.08 | 19.9 |
| Capex per share | 0.07 | 0.02 | 0.03 | 0.06 | 0.06 | 0.02 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.1% | 0.19% | 0.24% | 0.36% | 0.27% | 0.08% | — | — |
| Capex / operating cash flow | 7.33% | 7.67% | -5.56% | -0.82% | -3.46% | 0.26% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| -$1.72 |
| — |
| — |
| $153M |
| — |
| FY20 | — | -$0.6 | — | — | $121.8M | — |
| FY19 | — | $0 | — | — | $76.2M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $65.8M | $73.1M | $73.6M | $80.1M | $92.5M | $100.8M | $108M | $131.8M | $150.7M | $163.7M | $158.4M | $170.8M |
| YoY change | +15.9% | +22.5% | +24.9% | +30.8% | +40.5% | +37.9% | +46.7% | +64.5% | +63% | +62.4% | +46.7% | +29.6% |
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 | 31.7M | 22.5M | 40.2M | 192M | 155.9M | 90.3M | 121.3M |
| Receivables | 29M | 38.7M | 49M | 104.2M | 112.8M | 175.9M | 297.3M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 62.2M | 69.4M | 100.2M | 308.6M | 276.9M | 282.3M | 436.7M |
| Property, plant & equipment | 2.2M | 1.9M | 3.4M | 1.8M | 1.9M | 704K | 669K |
| Goodwill & intangibles | 4.2M | 9M | 15.7M | 20.3M | 26.4M | 27.3M | 27.3M |
| Total assets | 67.1M | 76.4M | 147.2M | 321.5M | 294M | 299.3M | 487.4M |
| Accounts payable | 6.5M | 8.5M | 13M | 11.4M | 5.5M | 6.8M | 8.4M |
| Short-term debt | 369K | 4.3M | 37.7M | 273K | 298K | 350K | 75.1M |
| Total current liabilities | 9.6M | 24.2M | 68.6M | 36.4M | 25.6M | 35.1M | 114M |
| Long-term debt | 2.2M | 1.8M | 36M | 177.9M | 181M | 75.2M | 141K |
| Total liabilities | 11.8M | 26.6M | 108.4M | 214.9M | 207M | 116.2M | 134.7M |
| Shareholders' equity | 55.3M | 49.8M | 38.7M | 106.6M | 87.1M | 183.1M | 352.7M |
| Total debt | 2.6M | 6.1M | 73.6M | 178.1M | 181.3M | 75.6M | 75.2M |
| Net debt | -3.9M | 1.3M | 41.6M | 155.3M | 139.5M | 25.8M | -5.3M |
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 | 169.8M | 155.9M | 99.9M | 88.2M | 75.2M | 90.3M | 88.1M | 102.9M | 91.7M | 121.3M | 175.9M | 254.1M |
| Receivables | 97.1M | 112.8M | 104.9M | 127.8M | 165.5M | 175.9M | 194.7M | 225.7M | 268.3M | 297.3M | 279.1M | 232.2M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 278.4M | 276.9M | 218.3M | 229.5M | 254.7M | 282.3M | 298.8M | 346.4M | 386M | 436.7M | 479.6M | 519.1M |
| Property, plant & equipment | 1.8M | 1.9M | 996K | 911K | 810K | 704K | 1.1M | 947K | 518K | 669K | 429K | 489K |
| Goodwill & intangibles | 25.4M | 26.4M | 26.6M | 27.8M | 28M | 27.3M | 27.3M | 27.9M | 27.9M | 27.3M | 27.4M | 28.4M |
| Total assets | 294.4M | 294M | 235.6M | 247.2M | 272.2M | 299.3M | 315.7M | 363.6M | 433.3M | 487.4M | 530.5M | 570.8M |
| Accounts payable | 9.1M | 5.5M | 9M | 9.3M | 8.8M | 6.8M | 6.3M | 7.7M | 7.8M | 8.4M | 6.7M | 7M |
| Short-term debt | 250K | 298K | 310K | 323K | 337K | 350K | 280K | 210K | 137K | 75.1M | 75.3M | 75.2M |
| Total current liabilities | 34.9M | 25.6M | 29.2M | 26.5M | 37.4M | 35.1M | 34.8M | 36.4M | 44.4M | 114M | 124.3M | 122.9M |
| Long-term debt | 180M | 181M | 75.5M | 75.4M | 75.3M | 75.2M | 75.2M | 75.2M | 75.2M | 141K | 192.9M | 193.2M |
| Total liabilities | 215.3M | 207M | 108.3M | 105.4M | 116.4M | 116.2M | 116.2M | 146.5M | 141.9M | 134.7M | 326.7M | 362.9M |
| Shareholders' equity | 79.2M | 87.1M | 127.3M | 141.8M | 155.8M | 183.1M | 199.5M | 217.1M | 291.3M | 352.7M | 203.8M | 207.9M |
| Total debt | 180.3M | 181.3M | 75.8M | 75.7M | 75.6M | 75.6M | 75.5M | 75.4M | 75.3M | 75.2M | 268.2M | 268.5M |
| Net debt | 136.7M | 139.5M | 20.2M | 27.1M | 40.6M | 25.8M | 28.5M | 13.7M | 25.4M | -5.3M | 134.9M | 58.9M |
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 | 787K | -7M | -20M | -128.9M | -48.5M | 57.9M | 195.9M |
| Depreciation & amortization | 805K | 1.7M | 3.1M | 7.1M | 5.5M | 7.7M | 7.1M |
| Stock-based compensation | 446K | 1.5M | 7.4M | 40.6M | 26.7M | 37.3M | 29.9M |
| Change in working capital | 10.1M | 7M | 3M | 260K | -6.6M | -1.7M | -9.7M |
| Operating cash flow | 11.4M | 3M | -6.7M | -88.3M | -19.9M | 102.4M | 290M |
| Capital expenditure | -839K | -231K | -371K | -728K | -688K | -262K | — |
| Investing cash flow | -17.9M | 7.4M | -31.1M | -277M | -6.5M | -38.5M | -196M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -154K | 0 | 0 | -536K | -12K | 0 | -43.7M |
| Financing cash flow | 32.3M | 3.9M | 59.4M | 301.1M | -12K | -72.3M | -57M |
| Net change in cash | 25.8M | 14.3M | 21.7M | -64.1M | -26.4M | -8.4M | 37M |
| Free cash flow | -13.5M | -13.4M | -7M | -54.2M | 25.2M | 117.6M | 283.2M |
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 | 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 | -12.1M | 179K | 34.2M | 6.4M | 466K | 16.8M | 28.8M | 9M | 92.1M | 65.9M | 57.9M | 6.7M |
| Depreciation & amortization | 1.4M | 1.7M | 1.7M | 1.8M | 1.8M | 2.3M | 1.5M | 1.6M | 1.9M | 2.1M | 1.6M | 2.1M |
| Stock-based compensation | 6.7M | 6.5M | 6.1M | 7.7M | 13.4M | 10.1M | 7.5M | 8.3M | 7.2M | 6.9M | 7.1M | 16.3M |
| Change in working capital | 2.6M | -3.8M | 5.1M | 1.5M | -1.4M | -1.3M | -3.6M | 1.7M | 2.3M | 3.3M | -3.3M | 1.3M |
| Operating cash flow | -499K | 5.4M | 47.7M | 17.3M | 14.2M | 28.8M | 33.9M | 68.2M | 83.2M | 93.3M | 82M | 68.4M |
| Capital expenditure | -64K | -30K | -12K | -135K | -65K | -50K | -37K | — | — | — | — | — |
| Investing cash flow | -18.9M | -15.4M | 67.7M | -32.3M | -48.9M | -25M | -26.7M | -51.9M | -68.3M | -49.1M | -8.6M | 30.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 1K | 0 | 0 | 0 | 0 | -6.9M | 0 | -25M | -11.8M | -186.7M | -19.1M |
| Financing cash flow | 0 | 1K | -71M | 0 | 0 | -500K | -20.2M | 0 | -25M | -11.8M | -19.1M | -2.2M |
| Net change in cash | -19.4M | -10M | 44.4M | -15.1M | -34.7M | 3.3M | -13M | 16.3M | -10.1M | 32.4M | 54.3M | 96.3M |
| Free cash flow | 13.5M | 13.6M | 16.7M | 25.7M | 35.2M | 39.9M | 43.8M | 66.4M | 81.5M | 91.5M | 80.5M | 65.7M |