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 % |
|---|---|---|---|---|---|---|
| Q1 26 | -$0.03 | -$0.1 | -233.3% | — | $80.1M | — |
| Q4 25 | $0.28 | $0.22 | -21.4% | — | $168.4M | — |
| Q3 25 | -$0.08 | -$0.16 | -100.0% | — | $87.3M | — |
| Q2 25 | -$0.16 | -$0.02 | +87.5% | — | $82.4M | — |
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 | — | -$0.11 | — | — | $403.1M | — |
| FY24 | — | -$0.28 | — | — | $332.3M | — |
| FY23 | — | -$2.03 | — | — | $116.3M | — |
| FY22 | — | -$3.52 | — | — | $75.5M | — |
| FY21 | — | -$9.31 | — | — | $78.4M | — |
| FY20 | — | -$5.23 | — | — | $227.5M | — |
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 | $227.5M | $78.4M | $75.5M | $116.3M | $332.3M | $403.1M |
| YoY change | — | -65.5% | -3.79% | +54.1% | +185.7% | +21.3% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue |
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 | 227.5M | 78.4M | 75.5M | 116.3M | 332.3M | 403.1M |
| Cost of revenue | 2.4M | 14.2M | 27M | 43.3M | 68.6M | 129.2M |
| Gross profit | 225.2M | 64.2M | 48.5M | 73.1M | 263.7M | 273.9M |
| Gross margin | 98.9% | 81.9% | 64.3% | 62.8% | 79.4% | 67.9% |
| Research & development | 146.9M | 106M | 118.9M | 86.1M | 46.2M | 47.9M |
| Selling, general & administrative | 199.6M | 185M | 109.1M | 142.5M | 163.1M | 165.8M |
| Operating expenses | 346.6M | 291M | 228M | 228.6M | 209.3M | 213.6M |
| Operating income | -121.4M | -226.7M | -179.5M | -155.6M | 54.4M | 60.3M |
| Operating margin | -53.3% | -289% | -237.8% | -133.7% | 16.4% | 15% |
| Non-operating income, net | 515K | 4M | 2.7M | 5.3M | -46.9M | 3.5M |
| Pretax income | -143.6M | -269.1M | -233.7M | -209.2M | -51.7M | -20.8M |
| Income tax | — | — | — | — | — | 1.8M |
| Net income | -143.6M | -269.1M | -233.7M | -209.2M | -51.7M | -22.7M |
| Net margin | -63.1% | -343% | -309.6% | -179.9% | -15.6% | -5.63% |
| EBITDA | -120.3M | -222.1M | -176.3M | -150.1M | 62.5M | 63.9M |
| EPS | -5.23 | -9.31 | -3.52 | -2.03 | -0.28 | -0.11 |
| Diluted EPS | -5.23 | -9.31 | -3.52 | -2.03 | -0.28 | -0.11 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | 69.1M | 65M | 82.4M | 87.3M | 168.4M | 80.1M |
| Cost of revenue | 25.6M | 31.5M | 28.5M | 41.3M | 27.9M | 34.6M |
| Gross profit | 43.5M | 33.5M | 53.8M | 46M | 140.6M | 45.5M |
| Gross margin | 62.9% | 51.5% | 65.4% | 52.7% | 83.5% | 56.8% |
| Research & development | 11M | 12.6M | 7.2M | 14.1M | 13.9M | 9M |
| Selling, general & administrative | 36.9M | 43M | 39.5M | 41.8M | 41.4M | 43.1M |
| Operating expenses | 47.9M | 55.6M | 46.7M | 56M | 55.4M | 52.1M |
| Operating income | -4.4M | -22.1M | 7.1M | -10M | 85.2M | -6.6M |
| Operating margin | -6.4% | -34% | 8.61% | -11.4% | 50.6% | -8.22% |
| Non-operating income, net | -476K | 1.1M | 666K | 677K | 1.1M | 1.2M |
| Pretax income | -21.3M | -40.5M | -12.7M | -31.3M | 63.7M | -25.2M |
| Income tax | — | — | — | — | — | — |
| Net income | -21.3M | -40.5M | -12.7M | -31.3M | 61.8M | -25.2M |
| Net margin | -30.8% | -62.2% | -15.4% | -35.9% | 36.7% | -31.5% |
| EBITDA | -3.2M | -21M | 7.8M | -9.3M | 86.3M | -5.4M |
| EPS | -0.11 | -0.21 | -0.02 | -0.16 | 0.26 | -0.1 |
| Diluted EPS | -0.11 | -0.21 | -0.02 | -0.16 | 0.22 | -0.1 |
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 | 714.3M | 144.5M | — | — | — | — | 819.5M |
| Enterprise value | 594.8M | 145.4M | — | — | — | — | 1.2B |
| Shares outstanding | 27.5M | 28.9M | 66.4M | 103.1M | 187.2M | 207.9M | 207.9M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -28.9 |
| P/S | 3.14 | 1.84 | — | — | — | — | 1.96 |
| P/B | -7.43 | -0.73 | — | — | — | — | -2.6 |
| EV/EBITDA | -4.94 | -0.65 | — | — | — | — | 15.9 |
| EV/Sales | 2.61 | 1.85 | — | — | — | — | 2.88 |
| Earnings yield | — | — | — | — | — | — | -3.46% |
| FCF yield | -13.8% | -182.6% | — | — | — | — | -6.07% |
| PEG | — | — | — | — | — | — | 0.55 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 98.9% | 81.9% | 64.3% | 62.8% | 79.4% | 67.9% | 56.8% |
| Operating margin | -53.3% | -289% | -237.8% | -133.7% | 16.4% | 15% | -8.22% |
| Net margin | -63.1% | -343% | -309.6% | -179.9% | -15.6% | -5.63% | -1.77% |
| ROE | 149.3% | 136.6% | 72.2% | 46% | 13.3% | 7.51% | 7.51% |
| ROA | -40.6% | -70.5% | -94.2% | -101.7% | -15% | -4.87% | 12% |
| ROIC | — | — | — | — | — | -27.7% | -27.7% |
| Return on tangible assets | -40.6% | -70.5% | -94.3% | -101.7% | -15.1% | -4.87% | -1.61% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 3.68 | 4.48 | 2.67 | 1.29 | 1.37 | 1.54 | 1.53 |
| Quick ratio | 3.51 | 4.02 | 2.29 | 0.87 | 0.99 | 1.19 | 1.18 |
| Debt / equity | -1.93 | -1.32 | -0.81 | -0.58 | -0.77 | -0.84 | -0.02 |
| Debt / assets | 0.52 | 0.68 | 1.05 | 1.29 | 0.87 | 0.54 | 0.55 |
| Net debt / EBITDA | 0.99 | -0 | -0.53 | -1.23 | 2.45 | 1.32 | 1.21 |
| Interest coverage | -5.33 | -4.81 | -3.11 | -2.55 | 0.13 | 0.75 | 0.93 |
| Effective tax rate | — | — | — | — | — | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 8.28 | 2.71 | 1.14 | 1.13 | 1.78 | 1.94 | 1.89 |
| EPS (basic) | -5.23 | -9.31 | -3.52 | -2.03 | -0.28 | -0.11 | -0.11 |
| EPS (diluted) | -5.23 | -9.31 | -3.52 | -2.03 | -0.28 | -0.11 | -0.11 |
| Book value per share | -3.5 | -6.81 | -4.88 | -4.41 | -2.08 | -1.45 | -1.2 |
| FCF per share | -3.59 | -9.13 | -2.63 | -1.31 | -0.13 | -0.06 | -0.07 |
| Cash per share | 11.1 | 8.97 | 2.51 | 0.8 | 0.77 | 0.81 | 0.61 |
| Capex per share | 0.03 | 0 | — | — | 0 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.38% | 0% | — | — | 0.1% | — | — |
| Capex / operating cash flow | -1.03% | 0% | — | — | -0.38% | — | — |
| Payout ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Dividend yield | 0% | 0% | — | — | — | — | — |
| $69.1M |
| $65M |
| $82.4M |
| $87.3M |
| $168.4M |
| $80.1M |
| YoY change | — | — | — | — | +143.7% | +23.2% |
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 | 305M | 259.3M | 166.9M | 82.2M | 144.8M | 167.9M |
| Receivables | 12.4M | 22.9M | 33.7M | 48.5M | 80.1M | 140.2M |
| Inventory | 16.1M | 34.4M | 35.2M | 65.6M | 94.5M | 105.1M |
| Total current assets | 345.9M | 329M | 246.7M | 201.1M | 338M | 462.6M |
| Property, plant & equipment | 7.3M | 2.6M | 1.2M | 4.7M | 5.8M | 3.3M |
| Goodwill & intangibles | 112K | 56K | 56K | 56K | 56K | 56K |
| Total assets | 353.3M | 381.6M | 247.9M | 205.8M | 343.8M | 465.9M |
| Accounts payable | 52M | 17.6M | 23M | 31.7M | 51.6M | 65.1M |
| Short-term debt | 2.6M | 1.4M | 384K | 1.6M | 57.3M | 2.1M |
| Total current liabilities | 94.1M | 73.4M | 92.3M | 156.2M | 246.2M | 300.8M |
| Long-term debt | 182.8M | 258.8M | 260.6M | 264.6M | 240.3M | 250.1M |
| Total liabilities | 449.4M | 578.5M | 571.7M | 660.8M | 732.5M | 767.9M |
| Shareholders' equity | -96.1M | -196.9M | -323.8M | -455M | -388.7M | -302M |
| Total debt | 185.4M | 260.2M | 260.9M | 266.2M | 297.6M | 252.2M |
| Net debt | -119.6M | 51.3M | 136.2M | 183.9M | 152.8M | 84.4M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 144.8M | 114.6M | 86.1M | 92.4M | 167.9M | 156.2M |
| Receivables | 80.1M | 81.3M | 107.7M | 119M | 140.2M | 132.4M |
| Inventory | 94.5M | 99.3M | 114.5M | 108.5M | 105.1M | 104.2M |
| Total current assets | 338M | 318.8M | 342.6M | 360.5M | 462.6M | 459.5M |
| Property, plant & equipment | 5.8M | 5.2M | — | — | 338K | — |
| Goodwill & intangibles | 56K | 56K | 56K | 56K | 56K | 56K |
| Total assets | 343.8M | 324M | 347.1M | 364M | 465.9M | 462.5M |
| Accounts payable | 51.6M | 72M | 74.7M | 77.5M | 65.1M | 68.4M |
| Short-term debt | 57.3M | 57.5M | 57.5M | 57.2M | 2.1M | 1.7M |
| Total current liabilities | 246.2M | 271M | 298.8M | 359M | 300.8M | 300.4M |
| Long-term debt | 240.3M | 240.3M | 244.8M | 249.5M | 250.1M | 250.9M |
| Total liabilities | 732.5M | 750.2M | 780.6M | 815.4M | 767.9M | 770.5M |
| Shareholders' equity | -388.7M | -426.2M | -433.5M | -451.4M | -302M | -307.9M |
| Total debt | 297.6M | 297.8M | 302.3M | 306.8M | 252.2M | 252.6M |
| Net debt | 152.8M | 183.2M | 216.2M | 214.3M | 84.4M | 96.5M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -143.6M | -269.1M | -233.7M | -209.2M | -51.7M | -22.7M |
| Depreciation & amortization | 547K | 612K | 500K | 164K | 63K | 105K |
| Stock-based compensation | 28.4M | 24.3M | 15.2M | 12M | 12M | 9.9M |
| Change in working capital | -3.3M | -59.5M | -8.8M | -14.6M | -65M | -15.1M |
| Operating cash flow | -84.1M | -268.2M | -180.5M | -163.4M | -83M | -13.1M |
| Capital expenditure | -869K | 0 | — | — | -317K | — |
| Investing cash flow | 33.9M | -50.5M | 8.1M | 42.5M | -317K | 0 |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | -55M | 0 | — | — | — | — |
| Financing cash flow | 241.6M | 267.9M | 40.6M | 56.9M | 77.5M | 25.8M |
| Net change in cash | 191.3M | -50.8M | -131.8M | -64M | -5.8M | 12.7M |
| Free cash flow | -98.5M | -263.8M | -174.8M | -135.5M | -24M | -13.1M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Net income | -21.3M | -40.5M | -12.7M | -31.3M | 61.8M | -25.2M |
| Depreciation & amortization | 27K | 26K | 27K | 26K | 26K | 27K |
| Stock-based compensation | 2.8M | 2.5M | 2.7M | 2.3M | 2.4M | 2.5M |
| Change in working capital | -24M | 17.9M | -21.2M | 6M | -25.1M | 21.1M |
| Operating cash flow | -39.3M | -16.8M | -31.4M | -4.3M | 45.2M | -27.7M |
| Capital expenditure | 0 | 0 | — | — | — | — |
| Investing cash flow | 0 | 0 | — | — | — | — |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | -343.7M | -7.5M | 2.9M | 10.5M | 74.9M | — |
| Net change in cash | -383M | -24.3M | -28.6M | 6.2M | 120.1M | -27.7M |
| Free cash flow | -35M | -22.6M | -31.4M | -4.3M | 45.2M | -27.9M |