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 | — | -$2.8 | — | — | $3.7M | — |
| FY24 | — | -$2.36 | — | — | $3.6M | — |
| FY23 | — | -$0.43 | — | — | $4.1M | — |
| FY22 | — | $0.37 | — | — | $1.5M | — |
| FY21 | — | -$0.43 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $0 | $1.5M | $4.1M | $3.6M | $3.7M |
| YoY change | — | +InfinityT% | +180.9% | -12.4% | +1.76% |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $751.5K | $770.5K | $836.9K | $1M | $1M | $821.2K | $883.3K | $972.9K | $1M | $871.2K | $1.7M |
| YoY change | +427% | -39.1% | -31% | -29.8% | -5.64% | +33.1% | +6.58% | +5.54% | -3.76% | +0.47% | +6.09% | +89% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 0 | 1.5M | 4.1M | 3.6M | 3.7M |
| Cost of revenue | 0 | 54.5K | 164.9K | 619K | 1.7M |
| Gross profit | 0 | 1.4M | 4M | 3M | 2M |
| Gross margin | — | 96.3% | 96% | 82.9% | 54.5% |
| Research & development | 2.6M | 13.6M | 9.7M | 49.1M | 42.8M |
| Selling, general & administrative | 3.8M | 11M | 10.2M | 137M | 121.6M |
| Operating expenses | 6.4M | 24.6M | 19.9M | 186.1M | 164.4M |
| Operating income | -6.4M | -23.2M | -16M | -186M | -169.8M |
| Operating margin | — | -1.6K% | -386.5% | -5.1K% | -4.6K% |
| Non-operating income, net | -52.1M | 75.8M | -2.8M | -226.5M | -561.2M |
| Pretax income | -59.1M | 50.5M | -58.2M | -400.9M | -711.8M |
| Income tax | 0 | -200 | 1.1K | 0 | 560.1K |
| Net income | -59.1M | 50.5M | -58.2M | -400.9M | -712.3M |
| Net margin | — | 3.4K% | -1.4K% | -11.1K% | -19.3K% |
| EBITDA | -4.2M | -23.2M | -15.8M | -168.5M | -114.9M |
| EPS | -0.43 | 0.37 | -0.43 | -2.36 | -2.8 |
| Diluted EPS | -0.43 | 0.37 | -0.43 | -2.36 | -2.8 |
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 | 1.1M | 751.5K | 770.5K | 836.9K | 1M | 1M | 821.2K | 883.3K | 972.9K | 1M | 871.2K | 1.7M |
| Cost of revenue | 41.3K | 41K | 93.4K | 36.2K | 123.3K | 366.1K | 336.7K | 342.9K | 446.8K | 548.8K | 1.5M | 499.9K |
| Gross profit | 1M | 710.5K | 677.1K | 800.7K | 887.6K | 634.4K | 484.5K | 540.4K | 526.1K | 456.4K | -629.8K | 1.2M |
| Gross margin | 96.1% | 94.5% | 87.9% | 95.7% | 87.8% | 63.4% | 59% | 61.2% | 54.1% | 45.4% | -72.3% | 70.1% |
| Research & development | 2.2M | 2.5M | 33.2M | 4.9M | 3.9M | 7.2M | 12.6M | 13M | 8.3M | 8.9M | 8.4M | 8.2M |
| Selling, general & administrative | 1.8M | 3.5M | 65.9M | 14.6M | 19.9M | 36.7M | 25.7M | 29.2M | 31.8M | 35M | 38.6M | 37.9M |
| Operating expenses | 4M | 6M | 99M | 19.5M | 23.8M | 43.8M | 38.2M | 42.2M | 40.1M | 43.9M | 47M | 46.1M |
| Operating income | -3M | -5.3M | -98.4M | -18.7M | -23.7M | -45.4M | -39.5M | -43.5M | -41.5M | -45.3M | -49.5M | -46.8M |
| Operating margin | -282.8% | -707.7% | -12.8K% | -2.2K% | -2.3K% | -4.5K% | -4.8K% | -4.9K% | -4.3K% | -4.5K% | -5.7K% | -2.8K% |
| Non-operating income, net | -7.9M | -2.1M | -226.5M | — | — | 0 | — | 11.1M | -15.2M | -557M | -352M | -186.6M |
| Pretax income | -26M | -9.2M | -327.6M | -16.4M | -19.2M | -37.6M | -31.7M | -19.7M | -54.8M | -605.6M | -405.8M | -238M |
| Income tax | 0 | 1.1K | 0 | 0 | 0 | 0 | 0 | 310.3K | 84.6K | 165.2K | 98.8K | 98.9K |
| Net income | -26M | -9.2M | -327.6M | -16.4M | -19.2M | -37.6M | -31.7M | -20M | -54.8M | -605.8M | -405.9M | -238.1M |
| Net margin | -2.4K% | -1.2K% | -42.5K% | -2K% | -1.9K% | -3.8K% | -3.9K% | -2.3K% | -5.6K% | -60.3K% | -46.6K% | -14.3K% |
| EBITDA | -3M | -5.2M | -98.3M | -18.7M | -18.1M | -35.1M | -29.5M | -24.6M | -25.9M | -34.8M | -40.2M | -37.5M |
| EPS | -0.19 | — | -3.61 | -0.1 | -0.1 | — | -0.14 | -0.08 | -0.2 | — | -1.47 | -0.86 |
| Diluted EPS | -0.19 | — | -3.61 | -0.1 | -0.1 | — | -0.14 | -0.08 | -0.2 | — | -1.47 | -0.86 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 18.7M | 9.8M | 2.6M | 776.8M | 1.2B |
| Receivables | 0 | 507.8K | 81K | 17.4K | 244.5K |
| Inventory | — | — | — | — | — |
| Total current assets | 19.2M | 10.6M | 3M | 784.3M | 1.2B |
| Property, plant & equipment | 62.1K | 594.5K | 29.2K | 7.8M | 5.6M |
| Goodwill & intangibles | — | — | 0 | 292.5M | 2.1B |
| Total assets | 19.3M | 11.2M | 3.4M | 938.3M | 2.6B |
| Accounts payable | 811.5K | 268.7K | 871.2K | 1.5M | 3.8M |
| Short-term debt | — | 4.3M | 42M | 5.9M | 947.5M |
| Total current liabilities | 907K | 19.4M | 65.3M | 17.3M | 980.1M |
| Long-term debt | 2.1M | 362K | 3.7M | 7.4M | 2.2M |
| Total liabilities | 78.3M | 19.8M | 70.1M | 24.7M | 982.8M |
| Shareholders' equity | -59.1M | -8.6M | -66.8M | 913.6M | 1.6B |
| Total debt | 2.1M | 4.6M | 45.7M | 13.3M | 949.7M |
| Net debt | -16.6M | -5.2M | 43.1M | -157M | 815.1M |
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 | 1.8M | 2.6M | 233.7M | 344M | 672.9M | 776.8M | 759M | 2.1B | 1.3B | 1.2B | 1B | 905.1M |
| Receivables | 310.5K | 81K | 47.2K | 17.5K | 14.8K | 17.4K | 33.1K | 317.3K | 298.8K | 244.5K | 221.6K | 335.7K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 2.5M | 3M | 274.1M | 353.5M | 682.1M | 784.3M | 766.9M | 3.1B | 1.7B | 1.2B | 1.1B | 948.9M |
| Property, plant & equipment | 433.6K | 29.2K | 337.4K | 3M | 7.6M | 7.8M | 7.1M | 7M | 6.3M | 5.6M | 5.7M | 5M |
| Goodwill & intangibles | — | 0 | — | — | 296M | 292.5M | 289.8M | 287M | 3.2B | 2.1B | 1.7B | 1.5B |
| Total assets | 2.9M | 3.4M | 274.4M | 356.5M | 837.8M | 938.3M | 918.9M | 3.2B | 3.3B | 2.6B | 2.2B | 2B |
| Accounts payable | 202.5K | 871.2K | 1.1M | 1.9M | 1.5M | 1.5M | 1.9M | 5.2M | 7.7M | 3.8M | 4.7M | 1.6M |
| Short-term debt | 41.9M | 42M | 50.3M | 276.9K | 5.5M | 5.9M | 5.8M | 5.8M | 5.5M | 947.5M | 959.2M | 971M |
| Total current liabilities | 57.5M | 65.3M | 64M | 14.3M | 14.4M | 17.3M | 20M | 23.4M | 38.6M | 980.1M | 980.2M | 993.2M |
| Long-term debt | 2.4M | 3.7M | 159.8K | 530.3K | 6.9M | 7.4M | 7.3M | 941.5M | 948M | 2.2M | 2.6M | 2.3M |
| Total liabilities | 60.5M | 70.1M | 64.2M | 14.8M | 21.2M | 24.7M | 27.2M | 965.1M | 987M | 982.8M | 983.5M | 996.2M |
| Shareholders' equity | -57.6M | -66.8M | 210.3M | 341.7M | 816.5M | 913.6M | 891.7M | 2.3B | 2.3B | 1.6B | 1.3B | 1B |
| Total debt | 44.3M | 45.7M | 50.5M | 807.2K | 12.3M | 13.3M | 13M | 947.3M | 953.6M | 949.7M | 961.8M | 973.3M |
| Net debt | 42.5M | 43.1M | -183.2M | -343.1M | -359.8M | -157M | -133.1M | -396.6M | 787.5M | 815.1M | 712.7M | 757.8M |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -59.1M | 50.5M | -58.2M | -400.9M | -712.3M |
| Depreciation & amortization | 6.5K | 59.1K | 214.2K | 3.4M | 8.3M |
| Stock-based compensation | — | — | 0 | 107.4M | 59.2M |
| Change in working capital | 788.2K | -1M | 4.7M | -3.5M | -2.1M |
| Operating cash flow | -57.6M | 51.6M | -13.9M | -290.7M | 14.8M |
| Capital expenditure | -68.6K | -84.5K | -2.2K | -5M | — |
| Investing cash flow | -68.6K | -84.5K | -2.2K | -618.6M | -2.3B |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | 0 | -2.9M | -53.6M |
| Financing cash flow | 22.6M | 15.4M | 2.5M | 727.4M | 2.2B |
| Net change in cash | -35.1M | 66.9M | -11.4M | -181.8M | -4.1M |
| Free cash flow | -3.9M | -24.3M | -9.7M | -66M | 14.2M |
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 | -26M | -9.2M | -327.6M | -16.4M | -19.2M | -37.6M | -31.7M | -20M | -54.8M | -605.8M | -405.9M | -238.1M |
| Depreciation & amortization | 18.8K | 165.9K | 5.6K | -35.9K | 874.4K | 2.4M | 2M | 2.1M | 2.1M | 2.1M | 2.1M | 2.1M |
| Stock-based compensation | 0 | — | 84.6M | 0 | 45.7K | 22.8M | 17.9M | 17.7M | 10.5M | 13.1M | 11.8M | 8.1M |
| Change in working capital | -74.4K | 4.6M | 4.4M | 364K | -5.3M | -951.4K | 2.3M | 2.7M | 16.7M | -170.9K | 24.3M | 509.1K |
| Operating cash flow | -11M | -2.6M | -235.8M | -16.2M | -23.5M | -13.3M | -9.4M | 2.3M | 10.1M | 12.1M | 17.9M | -31.6M |
| Capital expenditure | 0 | 0 | 0 | -2.1M | -2.9M | -2.6K | -3.2K | — | — | — | — | — |
| Investing cash flow | 0 | 0 | 0 | -2.1M | -303.6M | -305.8M | -6.3M | -125.2M | -1.8B | -294.2M | 95.7M | -1.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | -2.9M | 0 | -8.3M | 0 | -6.4M | -38.9M | 0 | 0 |
| Financing cash flow | 2.5M | 1M | 280.5M | 0 | 336.6M | 110.4M | -8.3M | 960M | -11M | -54M | 0 | 0 |
| Net change in cash | -8.5M | -1.6M | 44.7M | -18.3M | 9.4M | -208.7M | -23.9M | 837.1M | -1.8B | -336.1M | 113.6M | -33.4M |
| Free cash flow | -3.1M | 733.7K | -9.3M | -23.6M | -31.8M | -1.3M | -9.7M | 1.8M | 10.1M | 12.1M | 17.9M | -31.6M |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | 7B | 2.1B | 2.4B | — | — | 2.5B |
| Enterprise value | 7B | 2B | 2.4B | — | — | 2.6B |
| Shares outstanding | 136.7M | 136.7M | 136.7M | 169.6M | 254.5M | 254.5M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | 40.6 | — | — | — | 157.4 |
| P/S | — | 1.4K | 579.1 | — | — | 560.9 |
| P/B | -119 | -239.2 | -35.8 | — | — | 2.48 |
| EV/EBITDA | -1.7K | -88.2 | -154.6 | — | — | -4.85 |
| EV/Sales | — | 1.4K | 589.5 | — | — | 576 |
| Earnings yield | — | 2.46% | — | — | — | 0.64% |
| FCF yield | -0.05% | -1.18% | -0.41% | — | — | 25.9% |
| PEG | — | — | — | — | — | 0.16 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | — | 96.3% | 96% | 82.9% | 54.5% | 70.1% |
| Operating margin | — | -1.6K% | -386.5% | -5.1K% | -4.6K% | -9.8K% |
| Net margin | — | 3.4K% | -1.4K% | -11.1K% | -19.3K% | 54.5% |
| ROE | 100% | -589.4% | 87.2% | -43.9% | -43.3% | -78.9% |
| ROA | -307% | 449.6% | -1.7K% | -42.7% | -27.1% | -12.9% |
| ROIC | 8.42% | 169.1% | 67.6% | -124% | -11.8% | -16.8% |
| Return on tangible assets | -307% | 449.6% | -1.7K% | -62.1% | -132% | -238.2% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 21.2 | 0.55 | 0.05 | 45.3 | 1.23 | 0.95 |
| Quick ratio | 21.2 | 0.55 | 0.05 | 45.3 | 1.23 | 0.96 |
| Debt / equity | -0.04 | -0.54 | -0.68 | 0.01 | 0.58 | 0.95 |
| Debt / assets | 0.11 | 0.41 | 13.6 | 0.01 | 0.36 | 0.48 |
| Net debt / EBITDA | 3.92 | 0.22 | -2.74 | 4.53 | 1.84 | -0.49 |
| Interest coverage | -89.3 | 25.8 | -0.48 | -128.7 | -25 | -27.2 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.01 | 0.03 | 0.02 | 0.01 | 0.02 |
| EPS (basic) | -0.43 | 0.37 | -0.43 | -2.36 | -2.8 | -2.8 |
| EPS (diluted) | -0.43 | 0.37 | -0.43 | -2.36 | -2.8 | -4.89 |
| Book value per share | -0.43 | -0.06 | -0.49 | 5.39 | 6.47 | 3.68 |
| FCF per share | -0.03 | -0.18 | -0.07 | -0.39 | 0.06 | 0.03 |
| Cash per share | 0.14 | 0.07 | 0.02 | 4.58 | 4.56 | 3.26 |
| Capex per share | 0 | 0 | 0 | 0.03 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | — | 5.75% | 0.05% | 139.1% | — | — |
| Capex / operating cash flow | -0.12% | 0.16% | -0.02% | -1.73% | — | — |
| Payout ratio | — | — | — | — | — | 0% |