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 | $1.54 | $1.24 | -19.5% | — | $298.5M | — |
| Q1 26 | $1.63 | $1.45 | -11.0% | — | $292M | — |
| Q4 25 | $1.68 | $1.59 | -5.4% | — | $282.9M | — |
| Q3 25 | $1.59 | $6.8 | +327.7% | — | $271.7M | — |
| Q2 25 | $1.29 | $1.7 | +31.8% | — | $252.3M | — |
| Q1 25 | $1.2 | $1.26 | +5.0% | — | $230.7M | — |
| Q4 24 | $1.09 | $0.82 | -24.8% | — | $209.6M | — |
| Q3 24 | $0.94 | $1.08 | +14.9% | — | $192.6M | — |
| Q2 24 | $0.85 | $1.01 | +18.8% | — | $178.3M | — |
| Q1 24 | $0.77 | $1.12 | +45.5% | — | $167.6M | — |
| Q4 23 | $0.65 | $0.73 | +12.3% | — | $151M | — |
| Q3 23 | -$0.11 | $0.06 | +154.5% | — | $137.6M | — |
| Q2 23 | -$0.19 | $0.08 | +142.1% | — | $126.8M | — |
| Q1 23 | -$0.23 | -$0.06 | +73.9% | — | $115.7M | — |
| Q4 22 | -$0.53 | -$0.35 | +34.0% | — | $103.8M | — |
| Q3 22 | -$0.55 | -$0.46 | +16.4% | — | $96.1M | — |
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 | — | $8.88 | — | — | $1B | — |
| FY24 | — | $1.97 | — | — | $748M | — |
| FY23 | — | $0.39 | — | — | $531.1M | — |
| FY22 | — | -$1.51 | — | — | $369.5M | — |
| FY21 | — | -$2.57 |
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 | $70.8M | $161.7M | $250.8M | $369.5M | $531.1M | $748M | $1B |
| YoY change | — | +128.5% | +55.1% | +47.3% | +43.7% | +40.8% | +38.7% |
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 | 70.8M | 161.7M | 250.8M | 369.5M | 531.1M | 748M | 1B |
| Cost of revenue | 20.7M | 46M | 69.2M | 99.4M | 142.1M | 203.6M | 288.1M |
| Gross profit | 50M | 115.7M | 181.6M | 270.1M | 389M | 544.4M | 749.5M |
| Gross margin | 70.7% | 71.6% | 72.4% | 73.1% | 73.2% | 72.8% | 72.2% |
| Research & development | 31.6M | 53M | 103.8M | 150.4M | 194.4M | 235.3M | 306.3M |
| Selling, general & administrative | 31.4M | 78.7M | 137.8M | 184.8M | 207.9M | 246.5M | 307.6M |
| Operating expenses | 62.9M | 131.7M | 241.6M | 335.3M | 402.3M | 481.8M | 613.9M |
| Operating income | -12.9M | -16M | -60M | -65.2M | -13.3M | 62.6M | 135.6M |
| Operating margin | -18.2% | -9.9% | -23.9% | -17.6% | -2.5% | 8.37% | 13.1% |
| Non-operating income, net | -657K | 72K | 30K | -676K | -55K | -3M | 1.6M |
| Pretax income | -13.6M | -15.7M | -60M | -58.6M | 17.8M | 102.3M | 182.4M |
| Income tax | 0 | 68K | 177K | 938K | 1.7M | 13.7M | -231.7M |
| Net income | -13.6M | -15.8M | -60.1M | -59.6M | 16.1M | 88.6M | 414.1M |
| Net margin | -19.2% | -9.76% | -24% | -16.1% | 3.03% | 11.8% | 39.9% |
| EBITDA | -10.4M | -13.8M | -57.3M | -60.3M | -6.2M | 73.4M | 150M |
| EPS | -0.43 | -0.49 | -2.57 | -1.51 | 0.39 | 1.97 | 8.88 |
| Diluted EPS | -0.43 | -0.49 | -2.57 | -1.51 | 0.35 | 1.97 | 8.88 |
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 | 137.6M | 151M | 167.6M | 178.3M | 192.6M | 209.6M | 230.7M | 252.3M | 271.7M | 282.9M | 292M | 298.5M |
| Cost of revenue | 36.3M | 40.6M | 45.2M | 47.3M | 52.2M | 58.9M | 66.6M | 69.7M | 74.8M | 77M | 78.9M | 81.7M |
| Gross profit | 101.4M | 110.4M | 122.4M | 131M | 140.4M | 150.6M | 164.1M | 182.6M | 196.9M | 205.9M | 213.1M | 216.7M |
| Gross margin | 73.7% | 73.1% | 73% | 73.4% | 72.9% | 71.9% | 71.1% | 72.4% | 72.5% | 72.8% | 73% | 72.6% |
| Research & development | 50.3M | 50.3M | 50.9M | 55.1M | 62.9M | 66.4M | 70.4M | 73.7M | 82.7M | 79.6M | 83M | 92.2M |
| Selling, general & administrative | 55.7M | 55.4M | 55M | 57.1M | 64M | 70.3M | 70.1M | 75.5M | 79M | 82.9M | 85.6M | 90.6M |
| Operating expenses | 106M | 105.6M | 105.9M | 112.3M | 126.8M | 136.7M | 140.5M | 149.2M | 161.8M | 162.4M | 168.6M | 182.8M |
| Operating income | -4.7M | 4.8M | 16.4M | 18.7M | 13.6M | 13.9M | 23.6M | 33.4M | 35.2M | 43.5M | 44.5M | 33.9M |
| Operating margin | -3.39% | 3.18% | 9.81% | 10.5% | 7.05% | 6.62% | 10.2% | 13.2% | 12.9% | 15.4% | 15.3% | 11.4% |
| Non-operating income, net | -1M | 1.1M | -621K | -707K | 569K | -2.2M | 1M | 1.7M | -503K | -549K | -786K | -410K |
| Pretax income | 2.9M | 15.1M | 25.9M | 28.7M | 25.4M | 22.4M | 35M | 46.5M | 46.4M | 54.5M | 55.6M | 45.4M |
| Income tax | 125K | 3M | -1.1M | 4.4M | 2M | 8.4M | -125K | 1.7M | -245.7M | 12.5M | 12.1M | 12.2M |
| Net income | 2.8M | 12.1M | 27M | 24.4M | 23.4M | 13.9M | 35.1M | 44.8M | 292.2M | 42M | 43.5M | 33.2M |
| Net margin | 2.04% | 8.03% | 16.1% | 13.7% | 12.1% | 6.64% | 15.2% | 17.8% | 107.5% | 14.8% | 14.9% | 11.1% |
| EBITDA | -3M | 6.8M | 18.5M | 20.9M | 16.4M | 17.5M | 27.2M | 36.8M | 38.7M | 47.3M | 48.7M | 38.2M |
| EPS | 0.07 | 0.29 | 0.63 | 0.56 | 0.53 | 0.31 | 0.78 | 0.98 | 6.36 | 0.9 | 0.93 | 0.71 |
| Diluted EPS | 0.06 | 0.26 | 0.57 | 0.51 | 0.49 | 0.31 | 0.72 | 0.91 | 5.95 | 0.9 | 0.89 | 0.66 |
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 | — | — | — | 2.8B | 9.3B | 14.6B | 8.2B | 6.3B |
| Enterprise value | — | — | — | 2.2B | 8.6B | 13.7B | 7.1B | 5.5B |
| Shares outstanding | 31.8M | 32M | 38.3M | 39.5M | 41.2M | 44.9M | 46.6M | 46.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | 581.7 | 164.5 | 19.8 | 16.9 |
| P/S | — | — | — | 7.59 | 17.6 | 19.5 | 7.89 | 5.84 |
| P/B | — | — | — | 5.18 | 14.3 | 17.7 | 6.08 | 4.76 |
| EV/EBITDA | — | — | — | -36.9 | -1.4K | 187.2 | 47.6 | 30.6 |
| EV/Sales | — | — | — | 6.03 | 16.2 | 18.4 | 6.88 | 4.79 |
| Earnings yield | — | — | — | — | 0.17% | 0.61% | 5.06% | 5.9% |
| FCF yield | — | — | — | 1.55% | 1.5% | 1.81% | 4.4% | 4.8% |
| PEG | — | — | — | — | — | — | — | -0.61 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 70.7% | 71.6% | 72.4% | 73.1% | 73.2% | 72.8% | 72.2% | 72.6% |
| Operating margin | -18.2% | -9.9% | -23.9% | -17.6% | -2.5% | 8.37% | 13.1% | 11.7% |
| Net margin | -19.2% | -9.76% | -24% | -16.1% | 3.03% | 11.8% | 39.9% | 35.9% |
| ROE | 16.1% | 19.6% | -11.7% | -11% | 2.45% | 10.7% | 30.7% | 34.4% |
| ROA | -14.3% | -8.98% | -9.09% | -7.97% | 1.68% | 3.69% | 20.8% | 5.64% |
| ROIC | 9.65% | 8.34% | 713.9% | 172.9% | 17.9% | 3.5K% | 45.1% | 86.3% |
| Return on tangible assets | -14.8% | -9.22% | -9.22% | -8.25% | 1.76% | 3.78% | 22.2% | 21.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.46 | 2.41 | 5.2 | 3.84 | 3.24 | 2.61 | 2.61 | 2.72 |
| Quick ratio | 2.46 | 2.41 | 5.2 | 3.84 | 3.24 | 2.61 | 2.61 | 2.72 |
| Debt / equity | -0.12 | -0.11 | 0.06 | 0.05 | 0.04 | 0.07 | 0.07 | 0.06 |
| Debt / assets | 0.11 | 0.05 | 0.05 | 0.04 | 0.03 | 0.02 | 0.05 | 0.04 |
| Net debt / EBITDA | 4.76 | 8.09 | 9.1 | 9.61 | 117.2 | -11.2 | -6.98 | -7.1 |
| Effective tax rate | 0% | 0% | 0% | 0% | 9.62% | 13.4% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 2.22 | 5.05 | 6.55 | 9.37 | 12.9 | 16.6 | 22.3 | 24.6 |
| EPS (basic) | -0.43 | -0.49 | -2.57 | -1.51 | 0.39 | 1.97 | 8.88 | 8.88 |
| EPS (diluted) | -0.43 | -0.49 | -2.57 | -1.51 | 0.35 | 1.97 | 8.88 | 8.47 |
| Book value per share | -2.64 | -2.52 | 13.4 | 13.7 | 15.9 | 18.3 | 28.9 | 30.2 |
| FCF per share | -0.1 | 0.43 | 0.08 | 1.1 | 3.4 | 5.88 | 7.73 | 7.91 |
| Cash per share | 1.88 | 3.77 | 14.5 | 15.4 | 18.1 | 19.5 | 24.5 | 28.1 |
| Capex per share | 0.12 | 0.11 | 0.09 | 0.14 | 0.08 | 0.27 | 0.2 | 0.21 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 5.33% | 2.09% | 1.43% | 1.51% | 0.6% | 1.62% | 0.9% | 0.91% |
| Capex / operating cash flow | 790.4% | 25.6% | 37.7% | 12% | 2.13% | 4.38% | 2.4% | 2.42% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $250.8M |
| — |
| FY20 | — | -$0.49 | — | — | $161.7M | — |
| FY19 | — | -$0.43 | — | — | $70.8M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $137.6M | $151M | $167.6M | $178.3M | $192.6M | $209.6M | $230.7M | $252.3M | $271.7M | $282.9M | $292M | $298.5M |
| YoY change | +43.3% | +45.4% | +44.9% | +40.6% | +39.9% | +38.8% | +37.7% | +41.5% | +41.1% | +35% | +26.5% | +18.3% |
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 | 59.8M | 120.5M | 553.9M | 608.2M | 747.6M | 877.6M | 1.1B |
| Receivables | 10M | 20.4M | 33.2M | 46.7M | 89M | 128.9M | 162.8M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 78.9M | 158.4M | 619.3M | 697.2M | 897.8M | 1.1B | 1.4B |
| Property, plant & equipment | 13.8M | 14.5M | 36.6M | 35.5M | 11.8M | 18.9M | 116.7M |
| Goodwill & intangibles | 3.6M | 4.6M | 9.1M | 25.1M | 40.1M | 60.9M | 127.3M |
| Total assets | 95.1M | 175.7M | 661.3M | 747.3M | 954M | 2.4B | 2B |
| Accounts payable | 3.8M | 2.2M | 7.8M | 1.2M | 2.4M | 6.4M | 8M |
| Short-term debt | 974K | 1.1M | 3.3M | 4.9M | 3.9M | — | — |
| Total current liabilities | 32.1M | 65.7M | 119.1M | 181.8M | 277.4M | 422.2M | 551.1M |
| Long-term debt | 9.2M | 8.1M | 29.1M | 23.5M | 21.1M | 54.7M | 93.8M |
| Total liabilities | 179M | 256.4M | 148.3M | 205.3M | 298.5M | 1.6B | 645.2M |
| Shareholders' equity | -84M | -80.7M | 513.1M | 542.1M | 655.5M | 824.5M | 1.3B |
| Total debt | 10.2M | 9.2M | 32.5M | 28.4M | 25M | 54.7M | 93.8M |
| Net debt | -49.6M | -111.2M | -521.5M | -579.8M | -722.6M | -731.1M | -942.6M |
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 | 701.7M | 747.6M | 829.7M | 888.2M | 880.8M | 877.6M | 999.3M | 1.1B | 1.1B | 1.1B | 1.3B | 1.3B |
| Receivables | 61.7M | 89M | 76.4M | 77.7M | 94.2M | 128.9M | 114.2M | 112.9M | 124.5M | 162.8M | 125.1M | 131M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 819.1M | 897.8M | 977.3M | 1B | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B | 1.5B | 1.6B |
| Property, plant & equipment | 31.9M | 11.8M | 13.2M | 18.3M | 68.1M | 18.9M | 65.5M | 19.7M | 24.6M | 116.7M | 116.9M | 117.4M |
| Goodwill & intangibles | 35.6M | 40.1M | 45.3M | 49.3M | 64.9M | 60.9M | 58.8M | 60.9M | 126.6M | 127.3M | 127.3M | 125.9M |
| Total assets | 870.7M | 954M | 1.1B | 1.1B | 2.3B | 2.4B | 2.6B | 1.5B | 1.9B | 2B | 2.1B | 2.1B |
| Accounts payable | 2.7M | 2.4M | 2.6M | 3.4M | 3.6M | 6.4M | 2.5M | 7.7M | 3.6M | 8M | 7.5M | 16.2M |
| Short-term debt | 5.1M | 3.9M | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 234.9M | 277.4M | 303.7M | 317.7M | 342.1M | 422.2M | 454.5M | 471.4M | 484.5M | 551.1M | 574.1M | 577.8M |
| Long-term debt | 21M | 21.1M | 53.9M | 54.8M | 54.7M | 54.7M | 54.5M | 93.8M | 93.3M | 93.8M | 91.9M | 86.1M |
| Total liabilities | 255.9M | 298.5M | 357.6M | 372.5M | 1.5B | 1.6B | 1.7B | 565.5M | 578.1M | 645.2M | 666.2M | 664.2M |
| Shareholders' equity | 614.8M | 655.5M | 711.1M | 766.9M | 822.5M | 824.5M | 893.8M | 977M | 1.3B | 1.3B | 1.4B | 1.4B |
| Total debt | 26.1M | 25M | 53.9M | 54.8M | 54.7M | 54.7M | 54.5M | 93.8M | 93.3M | 93.8M | 91.9M | 86.1M |
| Net debt | -675.7M | -722.6M | -775.8M | -833.5M | -799.8M | -731.1M | -829.5M | -882.4M | -918.3M | -942.6M | -1B | -1.1B |
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 | -13.6M | -15.8M | -60.1M | -59.6M | 16.1M | 88.6M | 414.1M |
| Depreciation & amortization | 1.3M | 2.3M | 2.7M | 4.9M | 7.1M | 10.9M | 14.4M |
| Stock-based compensation | 3.7M | 17M | 40.8M | 73.8M | 95.2M | 110.5M | 137.4M |
| Change in working capital | 9.1M | 9.7M | 26.1M | 27.2M | 31.5M | 66.6M | 64.5M |
| Operating cash flow | 477K | 13.2M | 9.5M | 46.4M | 149.9M | 276.5M | 387.8M |
| Capital expenditure | -3.8M | -3.4M | -3.6M | -5.6M | -3.2M | -12.1M | -9.3M |
| Investing cash flow | 3.9M | -3.4M | -3.6M | -9.6M | -3.2M | -208.3M | -89.6M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -168K | 0 | -868K | 0 | 0 | — | — |
| Financing cash flow | 29.7M | 44.9M | 425.3M | 0 | -11.5M | -49.4M | -42.1M |
| Net change in cash | 34.1M | 54.8M | 431.2M | 36.7M | 135.2M | 18.9M | 256.1M |
| Free cash flow | -3.1M | 13.7M | 3M | 43.5M | 139.9M | 264.4M | 360.4M |
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 | 2.8M | 12.1M | 27M | 24.4M | 23.4M | 13.9M | 35.1M | 44.8M | 292.2M | 42M | 43.5M | 33.2M |
| Depreciation & amortization | 1.7M | 2M | 2.1M | 2.2M | 2.9M | 3.7M | 3.6M | 3.4M | 3.6M | 3.8M | 4.2M | 4.2M |
| Stock-based compensation | 25.4M | 25M | 25M | 26.7M | 29M | 29.8M | 31M | 34.6M | 35.6M | 36.3M | 34.6M | 38.2M |
| Change in working capital | 5.5M | 4.5M | 37.5M | 10.3M | -659K | 19.5M | 44.4M | 15.2M | -5.1M | 10M | 47.4M | -1.8M |
| Operating cash flow | 35.4M | 43.7M | 91.5M | 63.6M | 54.5M | 66.9M | 114.2M | 90.7M | 84.2M | 107.3M | 150.8M | 88.3M |
| Capital expenditure | -759K | -924K | -1.4M | -5.6M | -3.2M | -2M | -1.3M | -3.2M | -2M | -2.8M | -2.9M | -2.7M |
| Investing cash flow | -759K | -924K | -1.4M | -5.6M | -84.8M | -113.6M | -9.2M | -1.1M | -13.2M | -32.5M | -16.6M | 15.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | -24.3M | -45.3M |
| Financing cash flow | — | 0 | — | — | — | — | — | — | — | — | -33.8M | -54.6M |
| Net change in cash | 34.6M | 42.7M | 90.1M | 58.1M | -30.3M | -46.7M | 104.9M | 89.6M | 71M | 74.8M | 100.4M | 48.8M |
| Free cash flow | 32.9M | 45M | 78.5M | 53.7M | 51.2M | 80.9M | 103M | 86.3M | 77.4M | 93.7M | 147.8M | 78.6M |