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 | -$0.38 | -$0.49 | -28.9% | — | $0 | — |
| Q1 26 | -$0.41 | -$0.38 | +7.3% | — | $0 | — |
| Q4 25 | -$0.47 | -$0.48 | -2.1% | — | $0 | — |
| Q3 25 | -$0.46 | -$0.32 | +30.4% | — | $0 | — |
| Q2 25 | -$0.42 | -$0.49 | -16.7% | — | $0 | — |
| Q1 25 | -$0.5 | -$0.57 | -14.0% | — | $0 | — |
| Q4 24 | -$0.52 | -$0.46 | +11.5% | — | $0 | — |
| Q3 24 | -$0.5 | -$0.48 | +4.0% | — | $0 | — |
| Q2 24 | -$0.56 | -$0.41 | +26.8% | — | $0 | — |
| Q1 24 | -$0.57 | -$0.54 | +5.3% | — | $0 | — |
| Q4 23 | -$0.54 | -$0.47 | +13.0% | — | $0 | — |
| Q3 23 | -$0.47 | -$0.51 | -8.5% | — | $0 | — |
| Q2 23 | -$0.36 | -$0.41 | -13.9% | — | $0 | — |
| Q1 23 | -$0.63 | -$0.8 | -27.0% | — | $0 | — |
| Q3 22 | -$1 | -$0.72 | +28.0% | — | $0 | — |
| Q2 22 | -$2.05 | -$1.76 | +14.1% | — | $0 | — |
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 | — | -$1.83 | — | — | $0 | — |
| FY24 | — | -$1.89 | — | — | $0 | — |
| FY23 | — | -$2.01 | — | — | $0 | — |
| FY22 | — | -$0.92 | — | — | $0 | — |
| FY21 | — | -$0.6 | — |
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 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 0% | 0% |
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 |
|---|
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 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 8.2M | 20.5M | 31M | 64.6M | 80.8M | 85.9M |
| Selling, general & administrative | 1.1M | 4.3M | 7.8M | 19M | 23.8M | 33.8M |
| Operating expenses | 9.3M | 24.8M | 38.8M | 83.5M | 104.6M | 119.7M |
| Operating income | -9.3M | -24.8M | -38.8M | -83.5M | -104.6M | -119.7M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | -9.7M | — | — | -22K | 871K | -49K |
| Pretax income | -19M | -24.7M | -37.7M | -71.6M | -88.8M | -103.7M |
| Income tax | — | — | — | — | 232K | 0 |
| Net income | -19M | -24.7M | -37.7M | -71.6M | -89M | -103.7M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -9.3M | -24.6M | -38.6M | -83.2M | -105.1M | -119.4M |
| EPS | -0.46 | -0.6 | -0.92 | -2.01 | -1.89 | -1.83 |
| Diluted EPS | -0.46 | -0.6 | -0.92 | -2.01 | -1.89 | -1.83 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 19.6M | 17.9M | 20M | 18.8M | 21.3M | 20.7M | 24.9M | 21.5M | 18.2M | 21.2M | 20.7M | 29M |
| Selling, general & administrative | 4.6M | 4.8M | 6M | 5.8M | 5.8M | 6.2M | 6.8M | 7.1M | 6.9M | 13M | 7.1M | 8.2M |
| Operating expenses | 24.2M | 22.7M | 26M | 24.6M | 27.1M | 26.9M | 31.7M | 28.6M | 25.1M | 34.3M | 27.8M | 37.2M |
| Operating income | -24.2M | -22.7M | -26M | -24.6M | -27.1M | -26.9M | -31.7M | -28.6M | -25.1M | -34.3M | -27.8M | -37.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -13K | -9K | -1K | 799K | 73K | 0 | -47K | -2K | — | 0 | — | -8K |
| Pretax income | -20.8M | -19.4M | -22.7M | -19.7M | -23.2M | -23.2M | -28.5M | -25.3M | -20.1M | -29.7M | -23.6M | -32.5M |
| Income tax | 0 | — | — | 232K | 0 | 0 | — | 0 | 0 | 0 | — | — |
| Net income | -20.8M | -19.4M | -22.7M | -19.9M | -23.2M | -23.2M | -28.5M | -25.3M | -20.1M | -29.7M | -23.6M | -32.5M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -24.2M | -22.7M | -25.9M | -25.3M | -27.1M | -26.8M | -31.6M | -28.5M | -25M | -34.2M | -27.8M | -37.2M |
| EPS | -0.51 | — | -0.54 | -0.41 | -0.48 | -0.46 | -0.57 | -0.49 | -0.32 | -0.48 | -0.38 | -0.49 |
| Diluted EPS | -0.51 | — | -0.54 | -0.41 | -0.48 | -0.46 | -0.57 | -0.49 | -0.32 | -0.48 | -0.38 | -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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | 906.3M | 92.5M | 168.1M | — | — | — | 3.4B |
| Enterprise value | 776M | -17.4M | 92.9M | — | — | — | 2.4B |
| Shares outstanding | 41.1M | 41.1M | 41.1M | 35.5M | 47.1M | 56.7M | 56.7M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -25.1 |
| P/B | -44.6 | -2.16 | -2.19 | — | — | — | 3.77 |
| EV/EBITDA | -83.7 | 0.71 | -2.41 | — | — | — | -19.2 |
| Earnings yield | — | — | — | — | — | — | -3.98% |
| FCF yield | -0.99% | -20.9% | -19.4% | — | — | — | -1.34% |
| PEG | — | — | — | — | — | — | -19.7 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | 93.4% | 57.7% | 49% | -29.1% | -28.7% | -22.6% | -15.3% |
| ROA | -14.5% | -21.8% | -45.2% | -26.3% | -27.3% | -21.8% | -11% |
| ROIC | — | — | — | — | 2.9K% | 4.6K% | 4.6K% |
| Return on tangible assets | -14.5% | -21.8% | -45.2% | -26.3% | -27.3% | -21.8% | -11.6% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 88.4 | 19.2 | 8 | 10.3 | 20 | 28.7 | 64.1 |
| Quick ratio | 88.4 | 19.2 | 8 | 10.3 | 20 | 28.7 | 64.1 |
| Debt / equity | -0.01 | -0 | -0 | 0 | — | 0 | 0 |
| Debt / assets | 0 | 0 | 0 | 0 | — | 0 | 0 |
| Net debt / EBITDA | 14 | 4.46 | 1.95 | 3.04 | — | 3.87 | 7.2 |
| Effective tax rate | — | — | — | — | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.46 | -0.6 | -0.92 | -2.01 | -1.89 | -1.83 | -1.83 |
| EPS (diluted) | -0.46 | -0.6 | -0.92 | -2.01 | -1.89 | -1.83 | -1.65 |
| Book value per share | -0.49 | -1.04 | -1.87 | 6.92 | 6.58 | 8.11 | 12.2 |
| FCF per share | -0.22 | -0.47 | -0.8 | -1.73 | -1.56 | -1.24 | -1.01 |
| Cash per share | 3.17 | 2.68 | 1.84 | 7.12 | 6.66 | 8.16 | 12.2 |
| Capex per share | 0.01 | 0 | 0.01 | 0 | 0 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -5.26% | -0.92% | -1.81% | -0.25% | -0.06% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.46 | — | — | $0 | — |
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
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 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 130.4M | 110M | 75.5M | 253.1M | 313.4M | 462.6M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 130.6M | 110.7M | 77.8M | 266.2M | 318.1M | 474.9M |
| Property, plant & equipment | 416K | 954K | 1.5M | 1.1M | 458K | 417K |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 131M | 113.3M | 83.3M | 271.9M | 325.8M | 476.2M |
| Accounts payable | 808K | 2.5M | 3.4M | 532K | 1.3M | 2.2M |
| Short-term debt | 105K | 159K | 323K | 335K | — | 399K |
| Total current liabilities | 1.5M | 5.8M | 9.7M | 25.9M | 15.9M | 16.6M |
| Long-term debt | — | — | — | — | — | — |
| Total liabilities | 151.3M | 156.2M | 160.1M | 26M | 15.9M | 16.6M |
| Shareholders' equity | -20.3M | -42.9M | -76.8M | 245.9M | 309.8M | 459.6M |
| Total debt | 105K | 159K | 323K | 335K | — | 399K |
| Net debt | -130.3M | -109.9M | -75.2M | -99.8M | — | -98.5M |
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 | — | — | — | — | — | — | — | — | 477.6M | 462.6M | 452.4M | 895.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 482.7M | 474.9M | 463.1M | 907.3M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 874K | 417K | 310K | 1.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | — | — | — | — | — | — | — | 490.9M | 476.2M | 464.9M | 910.2M |
| Accounts payable | — | — | — | — | — | — | — | — | 1.4M | 2.2M | 1.6M | 371K |
| Short-term debt | — | — | — | — | — | — | — | — | 387K | 399K | 302K | 597K |
| Total current liabilities | — | — | — | — | — | — | — | — | 14.7M | 16.6M | 11.5M | 14.2M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | — | 26M | 25.1M | 22.1M | 17M | 15.9M | 14.3M | 15.4M | 14.8M | 16.6M | 11.5M | 15.1M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 476.1M | 459.6M | 453.4M | 895.1M |
| Total debt | — | — | — | — | — | — | — | — | 387K | 399K | 302K | 597K |
| Net debt | — | — | — | — | — | — | — | — | -101.3M | -98.5M | -131.9M | -134.9M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -19M | -24.7M | -37.7M | -71.6M | -89M | -103.7M |
| Depreciation & amortization | 45K | 115K | 215K | 297K | 317K | 263K |
| Stock-based compensation | 130K | 1.9M | 3.2M | 12.9M | 20.2M | 34M |
| Change in working capital | 345K | 1.9M | 415K | -2.6M | 475K | 480K |
| Operating cash flow | -8.8M | -20.8M | -33.8M | -60.6M | -68.6M | -70.3M |
| Capital expenditure | -461K | -191K | -612K | -149K | -44K | — |
| Investing cash flow | -461K | -191K | -612K | -148.4M | -36M | -173.9M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | -226K | — | — | — | — |
| Financing cash flow | 130.5M | -1M | -2.4M | 233.9M | 128.9M | 216M |
| Net change in cash | 121.3M | -22M | -36.8M | 24.8M | 24.3M | -28.2M |
| Free cash flow | -9M | -19.3M | -32.7M | -61.4M | -73.2M | -70.5M |
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 | -20.8M | -19.4M | -22.7M | -19.9M | -23.2M | -23.2M | -28.5M | -25.3M | -20.1M | -29.7M | -23.6M | -32.5M |
| Depreciation & amortization | 78K | 78K | 79K | 78K | 80K | 80K | 74K | 81K | 62K | 46K | 14K | 7K |
| Stock-based compensation | 3.4M | 3.1M | 4.5M | 5.1M | 5.2M | 5.3M | 6.8M | 7.7M | 7.2M | 12.3M | 7.4M | 13.9M |
| Change in working capital | -1.8M | -1M | 2.1M | -1.7M | -148K | 238K | 151K | 702K | -1.1M | 737K | -616K | -1.6M |
| Operating cash flow | -19.1M | -17.2M | -16M | -17.1M | -18M | -17.4M | -21.4M | -17.1M | -13.3M | -15.8M | -19.3M | -18.5M |
| Capital expenditure | -16K | -14K | -20K | -2K | -22K | 0 | -20K | — | — | — | — | — |
| Investing cash flow | -35.5M | 38.7M | -17.9M | -43.7M | 14.8M | 727K | 1.4M | -183.4M | -4.1M | 12.2M | 42.5M | -441.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -453K | 0 | 90M | -305K | 0 | 39.2M | 0 | 216.6M | -458K | -98K | — | — |
| Net change in cash | -55.1M | 21.5M | 56.1M | -61.1M | -3.2M | 22.5M | -20M | 16.1M | -17.8M | -3.8M | 23.2M | -460M |
| Free cash flow | -15.9M | -12.5M | -23.4M | -20.4M | -12.2M | -17.2M | -24.1M | -17.2M | -13.3M | -15.8M | -19.3M | -18.6M |