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 | -$0.11 | -$0.14 | -27.3% | — | $0 | — |
| Q1 26 | -$0.23 | -$0.6 | -160.9% | — | $0 | — |
| Q4 25 | -$0.11 | -$0.1 | +9.1% | — | $0 | — |
| Q3 25 | -$0.11 | -$0.11 | 0.0% | — | $0 | — |
| Q2 25 | -$0.11 | -$0.12 | -9.1% | — | $0 | — |
| Q1 25 | -$0.13 | -$0.11 | +15.4% | — | $0 | — |
| Q4 24 | -$0.13 | -$0.11 | +15.4% | — | $0 | — |
| Q3 24 | -$0.17 | -$0.11 | +35.3% | — | $0 | — |
| Q2 24 | -$0.19 | -$0.29 | -52.6% | — | $0 | — |
| Q1 24 | -$0.2 | -$0.23 | -15.0% | — | $0 | — |
| Q4 23 | -$0.21 | -$0.2 | +4.8% | — | $0 | — |
| Q3 23 | -$0.22 | -$0.2 | +9.1% | — | $0 | — |
| Q2 23 | -$0.24 | -$0.21 | +12.5% | — | $0 | — |
| Q1 23 | -$0.31 | -$0.22 | +29.0% | — | $0 | — |
| Q4 22 | -$0.32 | -$1.06 | -231.3% | — | $0 | — |
| Q3 22 | -$0.31 | -$0.29 | +6.5% | — | $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 | — | -$0.44 | — | — | $0 | — |
| FY24 | — | -$0.69 | — | — | $0 | — |
| FY23 | — | -$0.83 | — | — | $0 | — |
| FY22 | — | -$1.99 | — | — | $0 | — |
| FY21 | — | -$1.85 |
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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 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 |
|---|
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 9.6M | 29.6M | 73.9M | 112.5M | 103.8M | 115.4M | 92.9M |
| Selling, general & administrative | 3.7M | 8M | 22.6M | 33M | 37.7M | 41.7M | 38.6M |
| Operating expenses | 13.3M | 37.5M | 96.5M | 145.4M | 141.5M | 157.1M | 131.4M |
| Operating income | -13.3M | -37.5M | -96.5M | -145.4M | -141.5M | -157.1M | -131.4M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | -49K | -64.5M | -26.4M | -102.3M | -229K | -24.7M | -9.7M |
| Pretax income | -12M | -101.7M | -122.8M | -242.8M | -125M | -161.7M | -124.5M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -12M | -101.7M | -122.8M | -242.8M | -125M | -161.7M | -124.5M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -13M | 34.8M | -67.4M | -40.8M | -137.8M | -130.8M | -118.8M |
| EPS | -0.18 | -4.44 | -1.85 | -1.99 | -0.83 | -0.69 | -0.44 |
| Diluted EPS | -0.18 | -4.44 | -1.85 | -1.99 | -0.83 | -0.69 | -0.44 |
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 | 25.2M | 24.8M | 28.6M | 33M | 27.6M | 26.1M | 26M | 21.2M | 22.5M | 23.2M | 27.3M | 35.9M |
| Selling, general & administrative | 9.4M | 9.1M | 10.3M | 12.3M | 9.6M | 9.6M | 9.7M | 9.5M | 10.1M | 9.4M | 10.6M | 11.7M |
| Operating expenses | 34.7M | 33.9M | 38.9M | 45.3M | 37.2M | 35.7M | 35.6M | 30.6M | 32.5M | 32.6M | 37.9M | 47.6M |
| Operating income | -34.7M | -33.9M | -38.9M | -45.3M | -37.2M | -35.7M | -35.6M | -30.6M | -32.5M | -32.6M | -37.9M | -47.6M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -49K | -67K | -66K | -23M | 173K | -1.8M | -76K | -7.6M | -2M | -54K | -150M | -63K |
| Pretax income | -30.4M | -29.7M | -35M | -63.2M | -31.2M | -32.2M | -31M | -33.9M | -30.6M | -29.1M | -183.4M | -44.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -30.4M | -29.7M | -35M | -63.2M | -31.2M | -32.2M | -31M | -33.9M | -30.6M | -29.1M | -183.4M | -44.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -33.7M | -32.9M | -37.9M | -21.6M | -36.4M | -34.9M | -34.8M | -22.3M | -29.8M | -31.9M | 112.8M | -46.9M |
| EPS | -0.2 | — | -0.23 | -0.29 | -0.11 | -0.11 | -0.11 | -0.12 | -0.11 | -0.1 | -0.6 | -0.14 |
| Diluted EPS | -0.2 | — | -0.23 | -0.29 | -0.11 | -0.11 | -0.11 | -0.12 | -0.11 | -0.1 | -0.6 | -0.14 |
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 | — | — | — | — | — | — | — | 4.9B |
| Enterprise value | — | — | — | — | — | — | — | 4.8B |
| Shares outstanding | 68.6M | 22.9M | 66.3M | 122M | 150.2M | 233.8M | 283.5M | 283.5M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -32.2 |
| P/B | — | — | — | — | — | — | — | 12.3 |
| EV/EBITDA | — | — | — | — | — | — | — | -32.2 |
| Earnings yield | — | — | — | — | — | — | — | -3.11% |
| FCF yield | — | — | — | — | — | — | — | -4.26% |
| PEG | — | — | — | — | — | — | — | -1.93 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | 88.5% | 89.2% | -26.9% | -59% | -39.5% | -38.2% | -38.3% | -78.2% |
| ROA | -21.7% | -81.4% | -24.5% | -47.2% | -31.6% | -32.2% | -31.4% | -21.4% |
| Return on tangible assets | -21.7% | -81.4% | -24.5% | -47.2% | -31.6% | -32.2% | -31.4% | -66% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 18.6 | 8.77 | 16 | 9.13 | 12.3 | 9.84 | 10 | 8.29 |
| Quick ratio | 18.6 | 8.77 | 16 | 9.13 | 12.3 | 9.84 | 10 | 8.29 |
| Debt / equity | -0.27 | -0.03 | 0.04 | 0.13 | 0.18 | 0.12 | 0.14 | 0.12 |
| Debt / assets | 0.07 | 0.02 | 0.04 | 0.11 | 0.14 | 0.1 | 0.12 | 0.1 |
| Net debt / EBITDA | 3.6 | -3.33 | 5.87 | 9.32 | 1.86 | 1.88 | 1.93 | -52.6 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.18 | -4.44 | -1.85 | -1.99 | -0.83 | -0.69 | -0.44 | -0.44 |
| EPS (diluted) | -0.18 | -4.44 | -1.85 | -1.99 | -0.83 | -0.69 | -0.44 | -0.95 |
| Book value per share | -0.2 | -4.98 | 6.89 | 3.38 | 2.11 | 1.81 | 1.15 | 1.16 |
| FCF per share | -0.16 | -3.12 | -1.49 | -0.98 | -0.82 | -0.56 | -0.37 | -0.81 |
| Cash per share | 0.73 | 5.18 | 6.25 | 3.57 | 2.08 | 1.28 | 0.97 | 0.77 |
| Capex per share | 0.01 | 0.04 | 0.17 | 0.12 | 0.01 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -5.83% | -3.26% | -13.5% | -14% | -1.91% | -0.05% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$4.44 | — | — | $0 | — |
| FY19 | — | -$0.18 | — | — | $0 | — |
| 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 |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 50.4M | 118.7M | 414.5M | 435.6M | 312.4M | 298.3M | 276.1M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 51.1M | 120M | 420M | 444.5M | 320.7M | 308.8M | 286.2M |
| Property, plant & equipment | 1.5M | 1.8M | 16M | 24.8M | 22.3M | 16.3M | 13.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 55.5M | 124.8M | 501.4M | 514.9M | 395.3M | 502.5M | 396.2M |
| Accounts payable | 1.4M | 878K | 4.7M | 23M | 2M | 468K | 981K |
| Short-term debt | 726K | 877K | 285K | 1.3M | 4M | 4.6M | 5.1M |
| Total current liabilities | 2.8M | 13.7M | 26.2M | 48.7M | 26.2M | 31.4M | 28.5M |
| Long-term debt | 3M | 2.1M | 18.5M | 53.8M | 51.9M | 47.3M | 42.1M |
| Total liabilities | 69.1M | 238.8M | 44.9M | 103.1M | 78.6M | 79M | 71M |
| Shareholders' equity | -13.6M | -114M | 456.5M | 411.9M | 316.7M | 423.5M | 325.2M |
| Total debt | 3.7M | 3M | 18.8M | 55.1M | 55.9M | 51.9M | 47.1M |
| Net debt | -25.9M | -62.4M | -341.7M | -229.1M | -37.2M | -15.8M | -26.7M |
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 | 296.7M | 312.4M | 297.7M | 408.4M | 318.9M | 298.3M | 304.6M | 300.7M | 288.4M | 276.1M | 243.8M | 268.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 306M | 320.7M | 306.6M | 418M | 330.2M | 308.8M | 314.6M | 310.7M | 299.9M | 286.2M | 253.8M | 278.4M |
| Property, plant & equipment | 23.2M | 22.3M | 21.4M | 18M | 17.2M | 16.3M | 15.6M | 14.8M | 14M | 13.3M | 12.6M | 11.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 419.4M | 395.3M | 370M | 525.7M | 528.9M | 502.5M | 471.2M | 445.4M | 420.4M | 396.2M | 461.2M | 435.1M |
| Accounts payable | 3.7M | 2M | 2.6M | 2.1M | 2.4M | 468K | 2.3M | 1.7M | 3M | 981K | 2.2M | 2M |
| Short-term debt | 3.8M | 4M | 4.1M | 4.3M | 4.5M | 4.6M | 4.8M | 4.7M | 4.9M | 5.1M | 5.3M | 5.4M |
| Total current liabilities | 26.7M | 26.2M | 30.2M | 24.9M | 30M | 31.4M | 25.5M | 28.2M | 28.7M | 28.5M | 26.7M | 33.6M |
| Long-term debt | 52.9M | 51.9M | 50.8M | 49.7M | 48.5M | 47.3M | 46M | 44.7M | 43.4M | 42.1M | 40.7M | 39.3M |
| Total liabilities | 80.4M | 78.6M | 81.6M | 74.7M | 78.9M | 79M | 71.7M | 73.1M | 72.5M | 71M | 67.7M | 73.2M |
| Shareholders' equity | 339M | 316.7M | 288.4M | 451.1M | 450M | 423.5M | 399.5M | 372.3M | 347.9M | 325.2M | 393.5M | 361.9M |
| Total debt | 56.8M | 55.9M | 54.9M | 54M | 52.9M | 51.9M | 50.8M | 49.4M | 48.3M | 47.1M | 46M | 44.7M |
| Net debt | -56.1M | -37.2M | -21.8M | -118.8M | -15.9M | -15.8M | -19.7M | -16.7M | -21.9M | -26.7M | -1.3M | 2.2M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -12M | -101.7M | -122.8M | -242.8M | -125M | -161.7M | -124.5M |
| Depreciation & amortization | 310K | 540K | 829K | 2.6M | 3.7M | 3.8M | 3.1M |
| Stock-based compensation | 122K | 797K | 8.3M | 20.1M | 26.2M | 27M | 24.9M |
| Change in working capital | 1.4M | -475K | 2.6M | 14.4M | 2.2M | -2.3M | -1.3M |
| Operating cash flow | -10.2M | -29.1M | -83.2M | -103.7M | -92.9M | -110.6M | -95.5M |
| Capital expenditure | -597K | -947K | -11.2M | -14.6M | -1.8M | -60K | — |
| Investing cash flow | -20.9M | -33.5M | -56.9M | -69.1M | -71.2M | -134.1M | 110.1M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 16.9M | 137M | 436.9M | 95.3M | 0 | 239.1M | 0 |
| Net change in cash | -14.3M | 74.5M | 296.8M | -77.5M | -164.1M | -5.7M | 14.6M |
| Free cash flow | -11M | -71.4M | -98.5M | -119.8M | -123M | -132M | -105.1M |
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 | -30.4M | -29.7M | -35M | -63.2M | -31.2M | -32.2M | -31M | -33.9M | -30.6M | -29.1M | -183.4M | -44.1M |
| Depreciation & amortization | 941K | 942K | 998K | 1.1M | 842K | 832K | 822K | 787K | 755K | 743K | 723K | 716K |
| Stock-based compensation | 6.2M | 6.1M | 6.8M | 7.2M | 6.6M | 6.3M | 6.7M | 6.4M | 6M | 5.8M | 8.5M | 9.6M |
| Change in working capital | 796K | -1.9M | 395K | -453K | 108K | -2.3M | 1.4M | -1.3M | 969K | -2.5M | 761K | -662K |
| Operating cash flow | -22.4M | -24.5M | -26.8M | -55.3M | -23.6M | -27.4M | -22M | -20.5M | -21.7M | -21.7M | -27.4M | -27.3M |
| Capital expenditure | -240K | -82K | -42K | -13K | -5K | 0 | -83K | — | — | — | — | — |
| Investing cash flow | -1.8M | 4.5M | 10M | -64.1M | -102.6M | 22.6M | 34.3M | 21.3M | 29.7M | 24.7M | -93.8M | 19.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | — | 6.9M | 211.4M | 20.8M | 0 | 0 | 0 | 0 | 0 | 242.7M | -300K |
| Net change in cash | -24.2M | -20M | -9.9M | 91.9M | -105.4M | -4.8M | 12.2M | 744K | 8.1M | 3M | 121.5M | -8.1M |
| Free cash flow | -24.4M | -24.9M | -33.3M | -51.7M | -22.4M | -24.6M | -31.6M | -26.1M | -25.7M | -21.7M | -177.4M | -27.3M |