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 | — | — | — | — | $384.1M | — |
| FY24 | — | — | — | — | $256.8M | — |
| FY23 | — | — | — | — | $161M | — |
| FY22 | — | — | — | — | $54.6M | — |
| FY21 | — | — | — | — | $22.2M | — |
| FY20 | — | — | — | — | $13M | — |
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 | $13M | $22.2M | $54.6M | $161M | $256.8M | $384.1M |
| YoY change | — | +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 | 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 | 13M | 22.2M | 54.6M | 161M | 256.8M | 384.1M |
| Cost of revenue | 22.6M | 29M | 60.2M | 151.2M | 227.5M | 303.3M |
| Gross profit | -9.6M | -6.8M | -5.7M | 9.7M | 29.4M | 80.8M |
| Gross margin | -73.6% | -30.7% | -10.4% | 6.04% | 11.4% | 21% |
| Research & development | — | — | — | — | — | — |
| Selling, general & administrative | 34.1M | 71.1M | 126.7M | 143M | 141.1M | 176.9M |
| Operating expenses | 34.1M | 71.1M | 126.7M | 143M | 141.1M | 176.9M |
| Operating income | -53.1M | -89.8M | -149.5M | -153.4M | -131.6M | -110.7M |
| Operating margin | -407.1% | -404.4% | -273.9% | -95.3% | -51.2% | -28.8% |
| Non-operating income, net | 6.7M | 33.9M | 38.8M | 8.2M | -4.9M | 9.3M |
| Pretax income | -47.8M | -57.8M | -106.2M | -135.4M | -129M | -100.6M |
| Income tax | — | 0 | 18K | 42K | -2.3M | -5.1M |
| Net income | -47.8M | -57.8M | -106.2M | -135.5M | -126.7M | -95.4M |
| Net margin | -366.2% | -260% | -194.6% | -84.2% | -49.3% | -24.8% |
| EBITDA | -22.4M | -65.3M | -109.9M | -91.7M | -60.9M | -29.7M |
| EPS | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — |
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 | 67.5M | 75.3M | 98M | 92.3M | 118.5M | 109.5M |
| Cost of revenue | 57.8M | 66M | 84.1M | 79.7M | 73.5M | 96.6M |
| Gross profit | 9.8M | 9.3M | 13.9M | 12.6M | 45M | 13M |
| Gross margin | 14.5% | 12.4% | 14.2% | 13.6% | 38% | 11.8% |
| Research & development | — | — | — | — | — | — |
| Selling, general & administrative | 40M | 38.6M | 40.6M | 43.4M | 54.2M | 46M |
| Operating expenses | 40M | 38.6M | 40.6M | 43.4M | 54.2M | 46M |
| Operating income | -35M | -33.4M | -30.8M | -34.1M | -12.4M | -36.3M |
| Operating margin | -51.9% | -44.4% | -31.4% | -36.9% | -10.4% | -33.2% |
| Non-operating income, net | -4.3M | 6.1M | 185K | 572K | 2.4M | 967K |
| Pretax income | -38M | -26.1M | -29.8M | -33.6M | -11M | -37M |
| Income tax | -2.4M | 91K | 3K | -5.2M | -5K | 12K |
| Net income | -35.6M | -26.2M | -29.8M | -28.4M | -11M | -37M |
| Net margin | -52.7% | -34.8% | -30.4% | -30.7% | -9.31% | -33.8% |
| EBITDA | -13M | -11.7M | -10.6M | -15.1M | 7.7M | -15.1M |
| EPS | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — |
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 | — | — | — | — | — | — | 0 |
| Enterprise value | — | — | — | — | — | — | 160.2M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | — | 0.03 |
| EV/EBITDA | — | — | — | — | — | — | -5.4 |
| EV/Sales | — | — | — | — | — | — | 0.42 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | -73.6% | -30.7% | -10.4% | 6.04% | 11.4% | 21% | 11.8% |
| Operating margin | -407.1% | -404.4% | -273.9% | -95.3% | -51.2% | -28.8% | -29.8% |
| Net margin | -366.2% | -260% | -194.6% | -84.2% | -49.3% | -24.8% | -11.1% |
| ROE | -53.4% | -9.82% | -20.5% | -25.1% | -28.6% | -24.7% | -27.4% |
| ROA | -26.2% | -7.74% | -14.6% | -16.8% | -15.8% | -9.89% | -6.95% |
| ROIC | — | -87.2% | -46.5% | -38.4% | -31.6% | -20.3% | -20.6% |
| Return on tangible assets | -2.4K% | -10.7% | -19.4% | -21% | -19.1% | -11.4% | -13.3% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.31 | 10.8 | 3.15 | 2.99 | 1.84 | 2.19 | 2.07 |
| Quick ratio | 0.31 | 10.8 | 3.15 | 2.99 | 1.84 | 2.19 | 2.07 |
| Debt / equity | 0.44 | 0 | 0.1 | 0.13 | 0.2 | 0.81 | 0.91 |
| Debt / assets | 0.22 | 0 | 0.07 | 0.08 | 0.11 | 0.32 | 0.35 |
| Net debt / EBITDA | -1.4 | 7.43 | 1.78 | 1.54 | 0.44 | -5.4 | -6.04 |
| Interest coverage | -32.8 | -29 | -5.1K | — | — | -15.4 | -12 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | — | — | — | — | 3.1 |
| Book value per share | — | — | — | — | — | — | 0.28 |
| FCF per share | — | — | — | — | — | — | -0.81 |
| Cash per share | — | — | — | — | — | — | 0.87 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 148.2% | 292.6% | 0% | 9.49% | 0% | — | — |
| Capex / operating cash flow | -71.9% | -27K% | 0% | -33.3% | 0% | — | — |
| $67.5M |
| $75.3M |
| $98M |
| $92.3M |
| $118.5M |
| $109.5M |
| YoY change | — | — | — | — | +75.5% | +45.5% |
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 | 7.9M | 484.9M | 246.2M | 209.1M | 117.3M | 151M |
| Receivables | 5.4M | 12.2M | 19.1M | 44.2M | 63.6M | 58.1M |
| Inventory | 12K | — | — | — | — | — |
| Total current assets | 20M | 506.3M | 275.5M | 267.4M | 205.4M | 296.5M |
| Property, plant & equipment | 71.3M | 133.3M | 375.9M | 457M | 504.3M | 563.7M |
| Goodwill & intangibles | 180.1M | 206.6M | 183.3M | 160.1M | 139.6M | 126.9M |
| Total assets | 182.1M | 746.3M | 729.7M | 806.6M | 803.8M | 964.8M |
| Accounts payable | 3M | 2.9M | 9.1M | 10.1M | 13M | 7.6M |
| Short-term debt | 39.2M | — | 5M | 6M | 7.3M | 9.9M |
| Total current liabilities | 63.6M | 46.9M | 87.3M | 89.3M | 111.4M | 135.3M |
| Long-term debt | — | 0 | 45.7M | 62M | 83M | 301.3M |
| Total liabilities | 92.7M | 158.4M | 212.6M | 266.2M | 360M | 578.9M |
| Shareholders' equity | 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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 117.3M | 150M | 154.5M | 181.3M | 151M | 122.4M |
| Receivables | 63.6M | 62.1M | 48.1M | 53.9M | 58.1M | 53M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 205.4M | 251.3M | 252.4M | 284.7M | 296.5M | 239.2M |
| Property, plant & equipment | 504.3M | 505.2M | 509.6M | 538.8M | 563.7M | 561.7M |
| Goodwill & intangibles | 139.6M | 135.6M | 131.9M | 129.3M | 126.9M | 124.6M |
| Total assets | 803.8M | 856M | 864.7M | 931.8M | 964.8M | 920.3M |
| Accounts payable | 13M | 16.2M | 9.8M | 16.2M | 7.6M | 14M |
| Short-term debt | 7.3M | 7M | 7M | 8.6M | 9.9M | 10.8M |
| Total current liabilities | 111.4M | 110.9M | 118.2M | 133.4M | 135.3M | 115.7M |
| Long-term debt | 83M | 161.6M | 184.3M | 253.3M | 301.3M | 311.7M |
| Total liabilities | 360M | 433.1M | 464.1M | 542.6M | 578.9M | 567.7M |
| Shareholders' equity | 443.7M | 422.9M | 400.6M | 389.2M | 385.9M | 352.7M |
| Total debt | 90.4M | 168.6M | 191.4M | 261.9M | 311.2M | 322.5M |
| Net debt | -26.9M | 18.5M | 36.9M | 80.6M | 160.2M | 200M |
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 | -47.8M | -57.8M | -106.2M | -135.5M | -126.7M | -95.4M |
| Depreciation & amortization | 18.7M | 23.9M | 35.9M | 52M | 65.8M | 74M |
| Stock-based compensation | 929K | 10.9M | 25M | 29.7M | 22M | 27.1M |
| Change in working capital | 3.9M | 22.2M | 12.1M | 7.8M | 23.3M | -20.5M |
| Operating cash flow | -26.9M | -241K | -32.4M | -45.9M | -15.7M | -11M |
| Capital expenditure | -19.3M | -65M | 0 | 15.3M | 0 | — |
| Investing cash flow | -19.3M | -87.8M | 544K | 15.6M | 316K | 24K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 47.1M | 594.6M | 19.8M | 143M | 13.1M | 214.6M |
| Net change in cash | 831K | 506.6M | -12M | 112.7M | -2.3M | 203.7M |
| Free cash flow | -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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Net income | -35.6M | -26.2M | -29.8M | -28.4M | -11M | -37M |
| Depreciation & amortization | 17.8M | 20.1M | 18.5M | 17.2M | 18.3M | 19.9M |
| Stock-based compensation | 6.5M | 5.5M | 7M | 7M | 7.6M | 4.2M |
| Change in working capital | -2M | 7.3M | 842K | -7.1M | -20.9M | 265K |
| Operating cash flow | -13.5M | 6.4M | -2.3M | -10.1M | -4.3M | -11.4M |
| Capital expenditure | — | — | — | — | — | — |
| Investing cash flow | 82K | 22K | 2K | 0 | 0 | 13K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 3.5M | 75.3M | 24.9M | 66.7M | 47.7M | 5.2M |
| Net change in cash | -9.8M | 81.7M | 22.6M | 56.6M | 43.5M | -6.2M |
| Free cash flow | -36.5M | -25.2M | -12.1M | -49M | -38.1M | -65.9M |