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 | -$0.18 | -$0.1 | +44.4% | — | $82.6M | — |
| Q1 26 | -$0.12 | -$0.06 | +50.0% | — | $109.5M | — |
| Q4 25 | -$0.14 | $0.09 | +164.3% | — | $118.5M | — |
| Q3 25 | -$0.16 | -$0.02 | +87.5% | — | $92.3M | — |
| Q2 25 | -$0.09 | -$0.02 | +77.8% | — | $98M | — |
| Q1 25 | -$0.11 | -$0.08 | +27.3% | — | $75.3M | — |
| Q4 24 | -$0.09 | -$0.11 | -22.2% | — | $67.5M | — |
| Q3 24 | -$0.11 | -$0.02 | +81.8% | — | $67.5M | — |
| Q2 24 | -$0.12 | -$0.03 | +75.0% | — | $66.6M | — |
| Q1 24 | -$0.15 | -$0.02 | +86.7% | — | $55.2M | — |
| Q4 23 | -$0.09 | -$0.02 | +77.8% | — | $50M | — |
| Q3 23 | -$0.12 | -$0.06 | +50.0% | — | $35.1M | — |
| Q2 23 | -$0.27 | -$0.08 | +70.4% | — | $50.6M | — |
| Q1 23 | -$0.12 | $0.09 | +175.0% | — | $25.3M | — |
| Q4 22 | -$0.19 | -$0.22 | -15.8% | — | $27.3M | — |
| Q3 22 | -$0.15 | -$0.19 | -26.7% | — | $10.5M | — |
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 | — | -$0.31 | — | — | $384.1M | — |
| FY24 | — | -$0.41 | — | — | $256.8M | — |
| FY23 | — | -$0.46 | — | — | $161M | — |
| FY22 | — | -$0.4 | — | — | $54.6M | — |
| FY21 | — | -$0.09 |
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 | $17.5M | $13M | $22.2M | $54.6M | $161M | $256.8M | $384.1M |
| YoY change | — | -25.5% | +70.2% | +145.7% | +194.9% | +59.6% | +49.6% |
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 | 17.5M | 13M | 22.2M | 54.6M | 161M | 256.8M | 384.1M |
| Cost of revenue | 26.3M | 22.6M | 29M | 60.2M | 151.2M | 227.5M | 303.3M |
| Gross profit | -8.7M | -9.6M | -6.8M | -5.7M | 9.7M | 29.4M | 80.8M |
| Gross margin | -49.9% | -73.6% | -30.7% | -10.4% | 6.04% | 11.4% | 21% |
| Research & development | — | — | — | — | — | — | — |
| Selling, general & administrative | 24.6M | 34.1M | 71.1M | 126.7M | 143M | 141.1M | 176.9M |
| Operating expenses | 24.6M | 34.1M | 71.1M | 126.7M | 143M | 141.1M | 176.9M |
| Operating income | -34.9M | -53.1M | -89.8M | -149.5M | -153.4M | -131.6M | -110.7M |
| Operating margin | -199.5% | -407.1% | -404.4% | -273.9% | -95.3% | -51.2% | -28.8% |
| Non-operating income, net | 10.2M | 6.7M | 33.9M | 38.8M | 8.2M | -4.9M | 9.3M |
| Pretax income | -24.8M | -47.8M | -57.8M | -106.2M | -135.4M | -129M | -100.6M |
| Income tax | — | — | 0 | 18K | 42K | -2.3M | -5.1M |
| Net income | -24.8M | -47.8M | -57.8M | -106.2M | -135.5M | -126.7M | -95.4M |
| Net margin | -141.3% | -366.2% | -260% | -194.6% | -84.2% | -49.3% | -24.8% |
| EBITDA | -16M | -22.4M | -65.3M | -109.9M | -91.7M | -60.9M | -29.7M |
| EPS | -0.36 | 0 | -0.09 | -0.4 | -0.46 | -0.41 | -0.31 |
| Diluted EPS | -0.36 | 0 | -0.09 | -0.4 | -0.46 | -0.41 | -0.31 |
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 | 35.1M | 50M | 55.2M | 66.6M | 67.5M | 67.5M | 75.3M | 98M | 92.3M | 118.5M | 109.5M | 82.6M |
| Cost of revenue | 34.5M | 46.5M | 48.3M | 60.2M | 61.2M | 57.8M | 66M | 84.1M | 79.7M | 73.5M | 96.6M | 75.3M |
| Gross profit | 604K | 3.5M | 6.8M | 6.4M | 6.4M | 9.8M | 9.3M | 13.9M | 12.6M | 45M | 13M | 7.3M |
| Gross margin | 1.72% | 7.08% | 12.4% | 9.6% | 9.43% | 14.5% | 12.4% | 14.2% | 13.6% | 38% | 11.8% | 8.88% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 32M | 38.8M | 34.2M | 33.8M | 33.1M | 40M | 38.6M | 40.6M | 43.4M | 54.2M | 46M | 44.4M |
| Operating expenses | 32M | 38.8M | 34.2M | 33.8M | 33.1M | 40M | 38.6M | 40.6M | 43.4M | 54.2M | 46M | 44.4M |
| Operating income | -36.4M | -40.8M | -32.4M | -32.4M | -31.8M | -35M | -33.4M | -30.8M | -34.1M | -12.4M | -36.3M | -40.1M |
| Operating margin | -103.6% | -81.6% | -58.7% | -48.6% | -47.1% | -51.9% | -44.4% | -31.4% | -36.9% | -10.4% | -33.2% | -48.6% |
| Non-operating income, net | 5.2M | 1.6M | 1.9M | 770K | -3.3M | -4.3M | 6.1M | 185K | 572K | 2.4M | 967K | 276K |
| Pretax income | -28.3M | -36.6M | -28.2M | -29.6M | -33.3M | -38M | -26.1M | -29.8M | -33.6M | -11M | -37M | -46.6M |
| Income tax | 0 | 0 | 13K | 57K | 25K | -2.4M | 91K | 3K | -5.2M | -5K | 12K | -250K |
| Net income | -28.3M | -36.6M | -28.2M | -29.6M | -33.3M | -35.6M | -26.2M | -29.8M | -28.4M | -11M | -37M | -46.3M |
| Net margin | -80.5% | -73.2% | -51.1% | -44.4% | -49.3% | -52.7% | -34.8% | -30.4% | -30.7% | -9.31% | -33.8% | -56.1% |
| EBITDA | -28M | -23M | -19M | -17.1M | -11.9M | -13M | -11.7M | -10.6M | -15.1M | 7.7M | -15.1M | -16.7M |
| EPS | -0.09 | — | -0.09 | -0.1 | -0.11 | -0.11 | -0.09 | -0.1 | -0.09 | -0.04 | -0.12 | -0.15 |
| Diluted EPS | -0.09 | — | -0.09 | -0.1 | -0.11 | -0.11 | -0.09 | -0.1 | -0.09 | -0.04 | -0.12 | -0.15 |
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 | — | 736.2M | 676.1M | 308.2M | — | — | — | 421.5M |
| Enterprise value | — | 767.4M | 191.2M | 112.6M | — | — | — | 819.3M |
| Shares outstanding | 68.7M | 68.7M | 68M | 68.9M | 90.6M | 108.1M | 133.5M | 133.5M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -4.31 |
| P/S | — | 56.4 | 30.4 | 5.65 | — | — | — | 1.08 |
| P/B | — | 8.23 | 1.15 | 0.6 | — | — | — | 0.61 |
| EV/EBITDA | — | -34.3 | -2.93 | -1.02 | — | — | — | -22.3 |
| EV/Sales | — | 58.8 | 8.61 | 2.06 | — | — | — | 2.03 |
| Earnings yield | — | — | — | — | — | — | — | -23.2% |
| FCF yield | — | -5.35% | -14% | -84.1% | — | — | — | -40.7% |
| PEG | — | — | — | — | — | — | — | -0.09 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -49.9% | -73.6% | -30.7% | -10.4% | 6.04% | 11.4% | 21% | 8.88% |
| Operating margin | -199.5% | -407.1% | -404.4% | -273.9% | -95.3% | -51.2% | -28.8% | -45.9% |
| Net margin | -141.3% | -366.2% | -260% | -194.6% | -84.2% | -49.3% | -24.8% | -13.5% |
| ROE | -172% | -53.4% | -9.82% | -20.5% | -25.1% | -28.6% | -24.7% | -34.6% |
| ROA | -35.6% | -26.2% | -7.74% | -14.6% | -16.8% | -15.8% | -9.89% | -7.48% |
| ROIC | — | — | -87.2% | -46.5% | -38.4% | -31.6% | -20.3% | -20.4% |
| Return on tangible assets | -38.6% | -2.4K% | -10.7% | -19.4% | -21% | -19.1% | -11.4% | -14.5% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.35 | 0.31 | 10.8 | 3.15 | 2.99 | 1.84 | 2.19 | 2.19 |
| Quick ratio | 0.34 | 0.31 | 10.8 | 3.15 | 2.99 | 1.84 | 2.19 | 2.19 |
| Debt / equity | — | 0.44 | 0 | 0.1 | 0.13 | 0.2 | 0.81 | 1.34 |
| Debt / assets | — | 0.22 | 0 | 0.07 | 0.08 | 0.11 | 0.32 | 0.43 |
| Net debt / EBITDA | — | -1.4 | 7.43 | 1.78 | 1.54 | 0.44 | -5.4 | -7.49 |
| Interest coverage | — | -32.8 | -29 | -5.1K | — | — | -15.4 | -7.09 |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.25 | 0.19 | 0.33 | 0.79 | 1.78 | 2.38 | 2.88 | 2.95 |
| EPS (basic) | -0.36 | 0 | -0.09 | -0.4 | -0.46 | -0.41 | -0.31 | -0.31 |
| EPS (diluted) | -0.36 | 0 | -0.09 | -0.4 | -0.46 | -0.41 | -0.31 | -0.4 |
| Book value per share | 0.21 | 1.3 | 8.64 | 7.5 | 5.97 | 4.1 | 2.89 | -0.14 |
| FCF per share | -0.44 | -0.57 | -1.39 | -3.76 | -2.16 | -0.94 | -0.93 | -1.38 |
| Cash per share | 0.02 | 0.12 | 7.13 | 3.57 | 2.31 | 1.08 | 1.13 | 0.86 |
| Capex per share | 0.31 | 0.28 | 0.96 | 0 | 0.17 | 0 | 0.87 | 1 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 122.5% | 148.2% | 292.6% | 0% | 9.49% | 0% | 30.4% | 34.7% |
| Capex / operating cash flow | -221.7% | -71.9% | -27K% | 0% | -33.3% | 0% | -1.5K% | -261.9% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $22.2M |
| — |
| FY20 | — | $0 | — | — | $13M | — |
| FY19 | — | -$0.36 | — | — | $17.5M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $35.1M | $50M | $55.2M | $66.6M | $67.5M | $67.5M | $75.3M | $98M | $92.3M | $118.5M | $109.5M | $82.6M |
| YoY change | +234.1% | +83.1% | +118% | +31.8% | +92.4% | +35% | +36.5% | +47.2% | +36.7% | +75.5% | +45.5% | -15.7% |
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 | 1.4M | 7.9M | 484.9M | 246.2M | 209.1M | 117.3M | 151M |
| Receivables | 1.4M | 5.4M | 12.2M | 19.1M | 44.2M | 63.6M | 58.1M |
| Inventory | 181.5K | 12K | — | — | — | — | — |
| Total current assets | 5M | 20M | 506.3M | 275.5M | 267.4M | 205.4M | 296.5M |
| Property, plant & equipment | 61M | 71.3M | 133.3M | 375.9M | 457M | 504.3M | 563.7M |
| Goodwill & intangibles | 5.4M | 180.1M | 206.6M | 183.3M | 160.1M | 139.6M | 126.9M |
| Total assets | 69.6M | 182.1M | 746.3M | 729.7M | 806.6M | 803.8M | 964.8M |
| Accounts payable | 1.8M | 3M | 2.9M | 9.1M | 10.1M | 13M | 7.6M |
| Short-term debt | — | 39.2M | — | 5M | 6M | 7.3M | 9.9M |
| Total current liabilities | 14.3M | 63.6M | 46.9M | 87.3M | 89.3M | 111.4M | 135.3M |
| Long-term debt | — | — | 0 | 45.7M | 62M | 83M | 301.3M |
| Total liabilities | 55.2M | 92.7M | 158.4M | 212.6M | 266.2M | 360M | 578.9M |
| Shareholders' equity | 14.4M | 89.5M | 587.9M | 517.1M | 540.4M | 443.7M | 385.9M |
| Total debt | — | 39.2M | 0 | 50.6M | 68M | 90.4M | 311.2M |
| Net debt | — | 31.3M | -484.9M | -195.5M | -141.1M | -26.9M | 160.2M |
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 | 228.7M | 209.1M | 175.5M | 162.7M | 153.4M | 117.3M | 150M | 154.5M | 181.3M | 151M | 122.4M | 121.8M |
| Receivables | 38.8M | 44.2M | 47.4M | 48M | 51.2M | 63.6M | 62.1M | 48.1M | 53.9M | 58.1M | 53M | 44.8M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 278.3M | 267.4M | 239M | 225.5M | 223.9M | 205.4M | 251.3M | 252.4M | 284.7M | 296.5M | 239.2M | 272.8M |
| Property, plant & equipment | 454.1M | 457M | 468.9M | 482.9M | 493.3M | 504.3M | 505.2M | 509.6M | 538.8M | 563.7M | 561.7M | 583.7M |
| Goodwill & intangibles | 165.9M | 160.1M | 154.9M | 149.8M | 144.7M | 139.6M | 135.6M | 131.9M | 129.3M | 126.9M | 124.6M | 122.2M |
| Total assets | 817.3M | 806.6M | 787.5M | 785.3M | 791.7M | 803.8M | 856M | 864.7M | 931.8M | 964.8M | 920.3M | 966.9M |
| Accounts payable | 17.6M | 10.1M | 10.1M | 16.2M | 12.6M | 13M | 16.2M | 9.8M | 16.2M | 7.6M | 14M | 12.4M |
| Short-term debt | 5.7M | 6M | 6.5M | 6.5M | 6.5M | 7.3M | 7M | 7M | 8.6M | 9.9M | 10.8M | 13.3M |
| Total current liabilities | 92.3M | 89.3M | 81.6M | 90.1M | 102.3M | 111.4M | 110.9M | 118.2M | 133.4M | 135.3M | 115.7M | 124.7M |
| Long-term debt | 50.2M | 62M | 69M | 73.2M | 79.5M | 83M | 161.6M | 184.3M | 253.3M | 301.3M | 311.7M | 402.3M |
| Total liabilities | 248.9M | 266.2M | 270.4M | 292M | 325.9M | 360M | 433.1M | 464.1M | 542.6M | 578.9M | 567.7M | 657.3M |
| Shareholders' equity | 568.4M | 540.4M | 517.1M | 493.3M | 465.8M | 443.7M | 422.9M | 400.6M | 389.2M | 385.9M | 352.7M | 309.6M |
| Total debt | 55.9M | 68M | 75.6M | 79.7M | 85.9M | 90.4M | 168.6M | 191.4M | 261.9M | 311.2M | 322.5M | 415.6M |
| Net debt | -172.8M | -141.1M | -100M | -83M | -67.5M | -26.9M | 18.5M | 36.9M | 80.6M | 160.2M | 200M | 293.7M |
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 | -24.8M | -47.8M | -57.8M | -106.2M | -135.5M | -126.7M | -95.4M |
| Depreciation & amortization | 8.8M | 18.7M | 23.9M | 35.9M | 52M | 65.8M | 74M |
| Stock-based compensation | 339.2K | 929K | 10.9M | 25M | 29.7M | 22M | 27.1M |
| Change in working capital | 6M | 3.9M | 22.2M | 12.1M | 7.8M | 23.3M | -20.5M |
| Operating cash flow | -9.7M | -26.9M | -241K | -32.4M | -45.9M | -15.7M | -7.7M |
| Capital expenditure | -21.5M | -19.3M | -65M | 0 | 15.3M | 0 | -116.7M |
| Investing cash flow | -21.5M | -19.3M | -87.8M | 544K | 15.6M | 316K | -116.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 14.2M | 47.1M | 594.6M | 19.8M | 143M | 13.1M | 214.6M |
| Net change in cash | -16.9M | 831K | 506.6M | -12M | 112.7M | -2.3M | 90.2M |
| Free cash flow | -30M | -39.4M | -94.6M | -259M | -196M | -102M | -124.4M |
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 | -28.3M | -36.6M | -28.2M | -29.6M | -33.3M | -35.6M | -26.2M | -29.8M | -28.4M | -11M | -37M | -46.3M |
| Depreciation & amortization | 13.6M | 15.2M | 15.3M | 16.1M | 16.6M | 17.8M | 20.1M | 18.5M | 17.2M | 18.3M | 19.9M | 22M |
| Stock-based compensation | 6.1M | 8.7M | 4.7M | 5.4M | 5.4M | 6.5M | 5.5M | 7M | 7M | 7.6M | 4.2M | 3.3M |
| Change in working capital | 9M | -56K | 605K | 10.8M | 13.9M | -2M | 7.3M | 842K | -6.5M | -20.9M | 265K | -4.1M |
| Operating cash flow | 207K | -12.8M | -7.7M | 2.6M | 3M | -13.5M | 6.4M | 14.1M | -22.8M | 11.3M | -35.4M | -6.5M |
| Capital expenditure | -24M | 139.4M | — | — | — | — | — | -26.2M | -26.2M | -49.4M | -30.6M | -33.8M |
| Investing cash flow | -23.9M | 139.4M | 48K | 104K | 82K | 82K | 22K | -26.2M | -26.2M | -49.4M | -30.6M | -33.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 2.5M | 7.2M | 1.5M | 3.7M | 4.3M | 3.5M | 75.3M | 24.9M | 66.7M | 47.7M | 5.2M | 87.9M |
| Net change in cash | -21.3M | 133.8M | -6.2M | 6.4M | 7.4M | -9.8M | 81.7M | 12.8M | 17.8M | 9.6M | -60.7M | 47.7M |
| Free cash flow | -31.3M | -42.1M | -35.2M | -16.6M | -13.7M | -36.5M | -25.2M | -12.1M | -49M | -38.1M | -65.9M | -40.3M |