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 | -$0.28 | -$0.64 | -128.6% | — | $68.8M | — |
| Q1 26 | -$0.24 | $1.28 | +633.3% | — | $57M | — |
| Q4 25 | -$0.24 | -$0.72 | -200.0% | — | $58M | — |
| Q3 25 | -$0.14 | -$2.77 | -1878.6% | — | $30.5M | — |
| Q2 25 | -$0.12 | -$0.37 | -208.3% | — | $15.2M | — |
| Q1 25 | -$0.16 | $0.06 | +137.5% | — | $10.5M | — |
| Q4 24 | -$0.21 | -$1.22 | -481.0% | — | $7.3M | — |
| Q3 24 | -$0.16 | -$0.47 | -193.7% | — | $854K | — |
| Q2 24 | -$0.15 | -$0.57 | -280.0% | — | $898K | — |
| Q1 24 | -$0.22 | -$0.21 | +4.5% | — | $6.6M | — |
| Q4 23 | -$0.18 | -$0.42 | -133.3% | — | $6.6M | — |
| Q3 23 | -$0.31 | $0.11 | +135.5% | — | $684K | — |
| Q2 23 | -$0.37 | -$1.12 | -202.7% | — | $249K | — |
| Q1 23 | -$0.69 | -$0.82 | -18.8% | — | $8.8M | — |
| Q4 22 | -$0.72 | -$0.68 | +5.6% | — | $2.7M | — |
| Q3 22 | -$0.69 | -$1.12 | -62.3% | — | $6.1M | — |
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 | — | -$6.69 | — | — | $114.2M | — |
| FY24 | — | -$4.55 | — | — | $15.6M | — |
| FY23 | — | -$1.81 | — | — | $16.4M | — |
| FY22 | — | -$3.68 | — | — | $17.9M | — |
| FY21 | — | -$2.36 |
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 | $496K | $219K | $4.6M | $17.9M | $16.4M | $15.6M | $114.2M |
| YoY change | — | -55.8% | +2K% | +289.8% | -8.63% | -4.71% | +631.8% |
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 | 496K | 219K | 4.6M | 17.9M | 16.4M | 15.6M | 114.2M |
| Cost of revenue | 8.3M | 5.5M | 46.5M | 153.3M | 89.8M | 98.9M | 258M |
| Gross profit | -7.8M | -5.3M | -41.9M | -135.3M | -73.4M | -83.3M | -143.8M |
| Gross margin | -1.6K% | -2.4K% | -910.9% | -755.1% | -448.3% | -533.5% | -125.9% |
| Research & development | 11.8M | 13.6M | 19.2M | 18.5M | 18.7M | 22.8M | 28.5M |
| Selling, general & administrative | 6.6M | 17.6M | 43M | 60.6M | 53.6M | 60M | 85.1M |
| Operating expenses | 17.9M | 32.1M | 62.4M | 79.1M | 72.4M | 82.8M | 113.7M |
| Operating income | -25.7M | -37.4M | -104.3M | -214.4M | -145.8M | -166.1M | -257.5M |
| Operating margin | -5.2K% | -17.1K% | -2.3K% | -1.2K% | -890.1% | -1.1K% | -225.5% |
| Non-operating income, net | -4.1M | -9.4M | -14.7M | 3.5M | -27.5M | -491.6M | -625.4M |
| Pretax income | -79.5M | -70.6M | -124.2M | -229.8M | -229.5M | -685.8M | -969.6M |
| Income tax | — | — | 0 | 51K | 31K | 21K | 24K |
| Net income | -79.5M | -70.6M | -124.2M | -229.8M | -229.5M | -685.9M | -969.6M |
| Net margin | -16K% | -32.3K% | -2.7K% | -1.3K% | -1.4K% | -4.4K% | -849.1% |
| EBITDA | -19.7M | -35.7M | -105.6M | -207.2M | -136.8M | -131.2M | -289.2M |
| EPS | -1.6 | -7.31 | -2.36 | -3.68 | -1.81 | -4.55 | -6.69 |
| Diluted EPS | -1.6 | -7.31 | -2.36 | -3.68 | -1.81 | -4.55 | -6.69 |
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 | 684K | 6.6M | 6.6M | 898K | 854K | 7.3M | 10.5M | 15.2M | 30.5M | 58M | 57M | 68.8M |
| Cost of revenue | 21.3M | 30.4M | 28.2M | 14.1M | 25.8M | 30.8M | 35M | 46.2M | 64.4M | 112.4M | 101.4M | 117.6M |
| Gross profit | -20.6M | -23.7M | -21.6M | -13.2M | -24.9M | -23.5M | -24.5M | -31M | -33.9M | -54.4M | -44.4M | -48.8M |
| Gross margin | -3K% | -359.2% | -327.6% | -1.5K% | -2.9K% | -324% | -234.7% | -203.2% | -111.2% | -93.8% | -78% | -71% |
| Research & development | 3.2M | 5M | 5.2M | 4.3M | 7.4M | 5.9M | 6.8M | 7.2M | 6.9M | 7.6M | 10.7M | 10.5M |
| Selling, general & administrative | 13.1M | 13.5M | 14.2M | 11.3M | 17.8M | 16.7M | 21M | 25.5M | 19.8M | 18.8M | 24.1M | 24.5M |
| Operating expenses | 16.3M | 18.5M | 19.4M | 15.5M | 25.2M | 22.6M | 27.8M | 32.7M | 26.7M | 26.4M | 34.8M | 35M |
| Operating income | -36.9M | -42.2M | -41.1M | -28.8M | -50.1M | -46.1M | -52.4M | -63.6M | -60.6M | -80.8M | -79.2M | -83.8M |
| Operating margin | -5.4K% | -638.9% | -622.2% | -3.2K% | -5.9K% | -635.5% | -500.8% | -417.7% | -198.7% | -139.4% | -139.1% | -121.9% |
| Non-operating income, net | 61.3M | 9.6M | 3.5M | 12.3M | -287.3M | -216.8M | 73.5M | -152.7M | -576.7M | 30.5M | 597.6M | -183.6M |
| Pretax income | 14.9M | -41.2M | -46.7M | -28.2M | -342.9M | -268.1M | 15.1M | -222.9M | -641.4M | -120.4M | 508.9M | -275.7M |
| Income tax | 13K | 6K | 25K | 8K | -16K | 4K | 5K | 6K | 4K | 9K | 5K | 13K |
| Net income | 14.9M | -41.2M | -46.7M | -28.2M | -342.9M | -268.1M | 15.1M | -222.9M | -641.4M | -120.5M | 508.9M | -275.7M |
| Net margin | 2.2K% | -623.4% | -707.6% | -3.1K% | -40.1K% | -3.7K% | 144.7% | -1.5K% | -2.1K% | -207.7% | 893.4% | -400.9% |
| EBITDA | -34.2M | -40.8M | -39.4M | -30.7M | -51.9M | -8.8M | -55.8M | -31.1M | -59.6M | -143.4M | -74.5M | -113.3M |
| EPS | 0.11 | — | -0.23 | -0.25 | -1.77 | — | 0.42 | -1.05 | -4.91 | -0.84 | 2.43 | -1.2 |
| Diluted EPS | -0.05 | — | -0.23 | -0.25 | -1.77 | — | -0.2 | -1.05 | -4.91 | -0.84 | 0.12 | -1.2 |
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 | — | — | — | — | — | — | — | 1.1B |
| Enterprise value | — | — | — | — | — | — | — | 2.2B |
| Shares outstanding | 49.8M | 9.4M | 52.7M | 62.4M | 127M | 212M | 260.8M | 260.8M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.46 |
| P/S | — | — | — | — | — | — | — | 5.38 |
| P/B | — | — | — | — | — | — | — | -1.01 |
| EV/EBITDA | — | — | — | — | — | — | — | -7.74 |
| EV/Sales | — | — | — | — | — | — | — | 10.3 |
| Earnings yield | — | — | — | — | — | — | — | -217.6% |
| FCF yield | — | — | — | — | — | — | — | -29% |
| PEG | — | — | — | — | — | — | — | -0.03 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -1.6K% | -2.4K% | -910.9% | -755.1% | -448.3% | -533.5% | -125.9% | -71% |
| Operating margin | -5.2K% | -17.1K% | -2.3K% | -1.2K% | -890.1% | -1.1K% | -225.5% | -121.9% |
| Net margin | -16K% | -32.3K% | -2.7K% | -1.3K% | -1.4K% | -4.4K% | -849.1% | -246.8% |
| ROE | 43.3% | -58.5% | -382.8% | 173.2% | 207.1% | 64.1% | 43.3% | 77.9% |
| ROA | -608.7% | -51.1% | -73.4% | -215.2% | -123.1% | -263.5% | -109.5% | -30% |
| ROIC | — | — | -253.6% | -685.5% | -512.7% | 20.1% | 13.1% | 43.8% |
| Return on tangible assets | -626% | -51.3% | -77.7% | -235.4% | -129.5% | -273.1% | -110.9% | -59.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.07 | 9.38 | 4.77 | 0.91 | 2.01 | 2.77 | 4.94 | 3.26 |
| Quick ratio | 0.07 | 9.36 | 4.33 | 0.53 | 1.73 | 2.26 | 4.52 | 2.78 |
| Debt / equity | -0.42 | 0.01 | 3.5 | -1.36 | -1.88 | -0.3 | -0.37 | -0.01 |
| Debt / assets | 5.87 | 0.01 | 0.67 | 1.7 | 1.12 | 1.23 | 0.94 | 0.71 |
| Net debt / EBITDA | -3.84 | 3.37 | -0.08 | -0.79 | -1.02 | -1.88 | -0.92 | -0.86 |
| Interest coverage | -0.6 | -1.97 | -22.9 | -11.2 | -3.08 | -23.3 | -40.7 | -13.7 |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.01 | 0.02 | 0.09 | 0.29 | 0.13 | 0.07 | 0.44 | 0.68 |
| EPS (basic) | -1.6 | -7.31 | -2.36 | -3.68 | -1.81 | -4.55 | -6.69 | -6.69 |
| EPS (diluted) | -1.6 | -7.31 | -2.36 | -3.68 | -1.81 | -4.55 | -6.69 | -6.29 |
| Book value per share | -3.69 | 12.8 | 0.62 | -2.13 | -0.87 | -5.05 | -8.58 | -3.03 |
| FCF per share | -0.52 | -3.21 | -2.5 | -3.47 | -1.37 | -0.88 | -1.02 | -1.24 |
| Cash per share | 0.02 | 13 | 1.99 | 0.27 | 0.55 | 0.35 | 2.18 | 0.84 |
| Capex per share | 0.05 | 0.38 | 0.3 | 0.32 | 0.23 | 0.16 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 463.5% | 1.6K% | 339% | 112% | 179% | 212.4% | — | — |
| Capex / operating cash flow | -7.5% | -12.5% | -16% | -9.79% | -15.5% | -5.05% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $4.6M |
| — |
| FY20 | — | -$7.31 | — | — | $219K | — |
| FY19 | — | -$1.6 | — | — | $496K | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $684K | $6.6M | $6.6M | $898K | $854K | $7.3M | $10.5M | $15.2M | $30.5M | $58M | $57M | $68.8M |
| YoY change | -88.7% | +147.9% | -25.3% | +260.6% | +24.9% | +9.73% | +58.4% | +1.6K% | +3.5K% | +699.6% | +444.7% | +351.4% |
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 | 862K | 121.9M | 104.8M | 17.1M | 69.5M | 74.3M | 568M |
| Receivables | — | 0 | 1.9M | 1.7M | 3.4M | 3M | 6.8M |
| Inventory | 0 | 214K | 13M | 23.3M | 17.1M | 32.8M | 59M |
| Total current assets | 6M | 127.4M | 142.6M | 55.1M | 122.3M | 179.9M | 708.5M |
| Property, plant & equipment | 5.3M | 5.7M | 16.4M | 31.5M | 41.9M | 48.6M | 134.8M |
| Goodwill & intangibles | 360K | 640K | 9.2M | 9.1M | 9.3M | 9.1M | 10.6M |
| Total assets | 13.1M | 138.3M | 169.2M | 106.8M | 186.5M | 260.3M | 885.2M |
| Accounts payable | 8.2M | 5.9M | 12.5M | 34.7M | 20.5M | 16.7M | 99.9M |
| Short-term debt | 76.6M | 924K | 7.7M | 6.7M | 4.8M | 3.9M | 2.3M |
| Total current liabilities | 86.7M | 13.6M | 29.9M | 60.6M | 60.9M | 65M | 143.5M |
| Long-term debt | 17K | 427K | 105.9M | 174.4M | 203.9M | 316.5M | 832.1M |
| Total liabilities | 196.8M | 17.5M | 136.7M | 239.5M | 297.3M | 1.3B | 3.1B |
| Shareholders' equity | -183.7M | 120.8M | 32.4M | -132.7M | -110.8M | -1.1B | -2.2B |
| Total debt | 76.6M | 1.4M | 113.5M | 181.1M | 208.7M | 320.4M | 834.4M |
| Net debt | 75.7M | -120.5M | 8.7M | 164M | 139.2M | 246.1M | 266.4M |
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 | 58M | 69.5M | 31.8M | 52.5M | 23M | 74.3M | 82.6M | 120.2M | 58.7M | 568M | 410.7M | 305.5M |
| Receivables | 1.6M | 3.4M | 4M | 4.6M | 3.2M | 3M | 7.1M | 3.3M | 4.8M | 6.8M | 3.8M | 13.6M |
| Inventory | 20.6M | 17.1M | 14.4M | 17.8M | 25.9M | 32.8M | 40.3M | 41.1M | 47.6M | 59M | 58.7M | 75M |
| Total current assets | 108.5M | 122.3M | 87M | 183.5M | 149.2M | 179.9M | 185.5M | 232.3M | 188.7M | 708.5M | 590M | 514M |
| Property, plant & equipment | 24.3M | 41.9M | 46.5M | 54M | 54.6M | 48.6M | 46.5M | 78.2M | 88.3M | 134.8M | 167.2M | 198.2M |
| Goodwill & intangibles | 9.3M | 9.3M | 9.2M | 9.2M | 9.1M | 9.1M | 9.1M | 9M | 10.8M | 10.6M | 11.2M | 11.7M |
| Total assets | 154.1M | 186.5M | 155.7M | 248.8M | 216.8M | 260.3M | 263.3M | 361M | 328.2M | 885.2M | 799.3M | 906.8M |
| Accounts payable | 13.8M | 20.5M | 18.3M | 24.1M | 24.3M | 16.7M | 24.3M | 39.7M | 51.6M | 99.9M | 77.1M | 105.6M |
| Short-term debt | 4.5M | 4.8M | 5M | 4.7M | 4.3M | 3.9M | 3.4M | 3.3M | 2.9M | 2.3M | 2M | 1.8M |
| Total current liabilities | 46.8M | 60.9M | 64.9M | 68.5M | 75.1M | 65M | 90.7M | 104.3M | 103.4M | 143.5M | 125.3M | 157.9M |
| Long-term debt | 207.5M | 203.9M | 205.1M | 152.7M | 186.9M | 316.5M | 325.2M | 445.1M | 448.1M | 832.1M | 640.9M | 639M |
| Total liabilities | 282.4M | 297.3M | 303.4M | 439.6M | 790.6M | 1.3B | 1.2B | 1.5B | 2.6B | 3.1B | 1.7B | 1.9B |
| Shareholders' equity | -128.3M | -110.8M | -147.7M | -190.8M | -573.8M | -1.1B | -942.2M | -1.1B | -2.3B | -2.2B | -868.4M | -1B |
| Total debt | 212M | 208.7M | 210.1M | 157.4M | 191.2M | 320.4M | 328.6M | 448.3M | 451M | 834.4M | 642.9M | 640.8M |
| Net debt | 154.1M | 139.2M | 178.4M | 105M | 168.1M | 246.1M | 246M | 328.1M | 392.3M | 266.4M | 232.2M | 335.3M |
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 | -79.5M | -70.6M | -124.2M | -229.8M | -229.5M | -685.9M | -969.6M |
| Depreciation & amortization | 2.1M | 1.6M | 3.5M | 7.7M | 10.8M | 9.1M | 16.1M |
| Stock-based compensation | 135K | 5.1M | 15.1M | 13.8M | 14.1M | 18.8M | 24.9M |
| Change in working capital | -3.1M | 3.1M | 2.2M | -10.2M | -27.9M | -3M | 13.5M |
| Operating cash flow | -30.7M | -28.9M | -97.6M | -205.1M | -188.9M | -657M | -211.2M |
| Capital expenditure | -2.3M | -3.6M | -15.6M | -20.1M | -29.3M | -33.2M | — |
| Investing cash flow | -2.9M | -6.6M | -23.3M | -17.2M | -29.3M | -33.2M | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | -353K | -978K | -633K | -1.2M | -488K |
| Financing cash flow | 21.1M | 154.3M | 102.1M | 139.5M | 227.5M | 198.3M | 675.9M |
| Net change in cash | -12.5M | 118.7M | -18.7M | -82.7M | 9.3M | -491.9M | 464.8M |
| Free cash flow | -26.1M | -30.2M | -131.7M | -216.9M | -174.5M | -187.1M | -265.9M |
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 | 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 | 14.9M | -41.2M | -46.7M | -28.2M | -342.9M | -268.1M | 15.1M | -222.9M | -641.4M | -120.5M | 508.9M | -275.7M |
| Depreciation & amortization | 2.4M | 2.7M | 1.5M | 1.7M | 3.1M | 2.9M | 3.1M | 3.4M | 3.8M | 5.8M | 6.2M | 6.8M |
| Stock-based compensation | 4.5M | 3.9M | 2.9M | 1.9M | 6.1M | 7.8M | 7.6M | 7.1M | 5M | 5.2M | 5.9M | 6.2M |
| Change in working capital | -7.7M | -6.8M | -5.9M | 5.7M | -5.3M | 2.5M | 15.9M | -2.6M | -19.6M | 19.9M | -55.5M | 470K |
| Operating cash flow | 17.2M | -32.3M | -45.8M | -3.8M | -332.2M | -275.3M | 44.2M | -66.1M | -65.9M | -50.3M | -119.7M | -72M |
| Capital expenditure | -11.1M | -8.1M | -4M | -6.2M | -9.8M | -13.1M | -4.9M | — | — | — | — | — |
| Investing cash flow | -11.1M | -8.1M | -4M | -6.2M | -9.8M | -13.1M | -4.9M | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -136K | -46K | -308K | -43K | -771K | -106K | -488K | 0 | 0 | 0 | 0 | -813K |
| Financing cash flow | 77.9M | 57.3M | 6.1M | -13.9M | 26.8M | 121.5M | 34.8M | -96.1M | 20.4M | 476.8M | -610K | -936K |
| Net change in cash | 84M | 16.8M | -43.7M | -24M | -315.1M | -166.9M | 74.1M | -162.3M | -45.4M | 426.6M | -120.3M | -73M |
| Free cash flow | -43.1M | -45.7M | -44.5M | -32.6M | -54.2M | -55.8M | -33.8M | -73.2M | -83.6M | -75.2M | -154.9M | -107.4M |