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 % |
|---|---|---|---|---|---|---|
| Q3 26 | $0.01 | -$0.19 | -2000.0% | — | $649.8M | — |
| Q2 26 | -$0.18 | -$0.12 | +33.3% | — | $464.9M | — |
| Q1 26 | -$0.2 | -$0.29 | -45.0% | — | $475.2M | — |
| Q4 25 | $0.23 | $0.13 | -43.5% | — | $1B | — |
| Q3 25 | $0.01 | $0.06 | +500.0% | — | $602.5M | — |
| Q2 25 | -$0.21 | -$0.19 | +9.5% | — | $431.6M | — |
| Q1 25 | -$0.22 | -$0.28 | -27.3% | — | $186.8M | — |
| Q4 24 | $0.29 | $0.3 | +3.4% | — | $1.2B | — |
| Q3 24 | -$0.11 | $0.01 | +109.1% | — | $483.3M | — |
| Q2 24 | — | -$0.03 | — | — | $623.1M | — |
| Q1 24 | -$0.13 | -$0.14 | -7.7% | — | $364M | — |
| Q4 23 | -$0.06 | $0.02 | +133.3% | — | $673M | — |
| Q3 23 | -$0.17 | -$0.2 | -17.6% | — | $536.4M | — |
| Q2 23 | -$0.2 | -$0.21 | -5.0% | — | $698.2M | — |
| Q1 23 | -$0.26 | -$0.11 | +57.7% | — | $310.5M | — |
| Q4 22 | -$0.28 | -$0.36 | -28.6% | — | $442M | — |
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 | — | -$0.37 | — | — | $2.3B | — |
| FY24 | — | $0.18 | — | — | $2.7B | — |
| FY23 | — | -$0.6 | — | — | $2.2B | — |
| FY22 | — | -$1.5 | — | — | $1.2B | — |
| FY21 | — | -$3.27 |
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 | $92.2M | $561.3M | $680.8M | $1.2B | $2.2B | $2.7B | $2.3B |
| YoY change | — | +509.1% | +21.3% | +76.1% | +85% | +21.7% | -16.1% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 23 | Q1 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 | 92.2M | 561.3M | 680.8M | 1.2B | 2.2B | 2.7B | 2.3B |
| Cost of revenue | 100.1M | 553.4M | 749.9M | 1.3B | 2.1B | 2.4B | 2B |
| Gross profit | -7.9M | 7.9M | -69.1M | -62.4M | 141M | 341.1M | 295.8M |
| Gross margin | -8.59% | 1.41% | -10.2% | -5.2% | 6.36% | 12.6% | 13.1% |
| Research & development | 9.9M | 11.5M | 23.4M | 60.1M | 66.3M | 66.2M | 86.2M |
| Selling, general & administrative | 28.9M | 34.2M | 60.8M | 153.9M | 177.4M | 236.8M | 242.6M |
| Operating expenses | 38.8M | 45.7M | 84.2M | 214.1M | 243.7M | 303M | 328.8M |
| Operating income | -49.6M | -40.8M | -158.5M | -283.5M | -112.6M | 26.6M | -46.3M |
| Operating margin | -53.8% | -7.27% | -23.3% | -23.7% | -5.08% | 0.99% | -2.05% |
| Non-operating income, net | 1.8M | 648K | -270K | -4.6M | 7M | 7.3M | 5.4M |
| Pretax income | -47.8M | -40.3M | -160.2M | -287.8M | -100.3M | 39.6M | -45.1M |
| Income tax | -778K | 6.4M | 1.8M | 1.4M | 4.5M | 9.2M | 22.9M |
| Net income | -47M | -46.7M | -162M | -289.2M | -104.8M | 30.4M | -68M |
| Net margin | -51% | -8.32% | -23.8% | -24.1% | -4.73% | 1.13% | -3% |
| EBITDA | -44.9M | -37.1M | -153.6M | -276.4M | -101.9M | 41.1M | -17M |
| EPS | -0.95 | 0 | -3.27 | -1.5 | -0.6 | 0.18 | -0.37 |
| Diluted EPS | -0.95 | 0 | -3.27 | -1.5 | -0.6 | 0.13 | -0.37 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 673M | 364M | 623.1M | 483.3M | 1.2B | 186.8M | 431.6M | 602.5M | 1B | 475.2M | 464.9M | 649.8M |
| Cost of revenue | 596.7M | 327.6M | 559M | 400.3M | 1.1B | 165.6M | 389M | 513.4M | 899M | 452.2M | 418.3M | 616.6M |
| Gross profit | 76.3M | 36.4M | 64.2M | 83M | 157.5M | 21.2M | 42.6M | 89.1M | 142.9M | 23M | 46.6M | 33.2M |
| Gross margin | 11.3% | 10% | 10.3% | 17.2% | 12.8% | 11.4% | 9.87% | 14.8% | 13.7% | 4.85% | 10% | 5.12% |
| Research & development | 14.7M | 15.4M | 17.4M | 15M | 18.4M | 17.2M | 22.1M | 26M | 20.9M | 18.5M | 21.1M | 23.7M |
| Selling, general & administrative | 46.9M | 48.4M | 59.9M | 59.9M | 68.7M | 54.9M | 62.6M | 55.4M | 69.6M | 63.9M | 60.5M | 63M |
| Operating expenses | 61.6M | 63.9M | 77.3M | 74.9M | 87M | 72.1M | 84.7M | 81.4M | 90.5M | 82.4M | 81.6M | 86.8M |
| Operating income | 12.2M | -30M | -15.6M | 4.6M | 67.6M | -53.7M | -45.1M | 4M | 48.4M | -63.1M | -39.2M | -57.5M |
| Operating margin | 1.81% | -8.23% | -2.5% | 0.94% | 5.51% | -28.8% | -10.4% | 0.67% | 4.65% | -13.3% | -8.43% | -8.85% |
| Non-operating income, net | -9.6M | 1.2M | -215K | -562K | 6.9M | -5.8M | 1.5M | 8.5M | 1.1M | -6M | 14.3M | 11.1M |
| Pretax income | 11.4M | -26.8M | -14.5M | 5.3M | 75.6M | -58.7M | -43.9M | 11.5M | 46.1M | -70.5M | -27.7M | -43.5M |
| Income tax | 6.6M | -1.2M | -1.7M | 4.2M | 7.9M | -1.7M | -2M | 4.6M | 22M | -7.9M | 1.5M | 772K |
| Net income | 4.8M | -25.6M | -12.9M | 1.1M | 67.7M | -57M | -41.9M | 6.9M | 24.1M | -62.6M | -29.2M | -44.3M |
| Net margin | 0.72% | -7.02% | -2.07% | 0.22% | 5.51% | -30.5% | -9.72% | 1.14% | 2.31% | -13.2% | -6.29% | -6.81% |
| EBITDA | -1.5M | -27.1M | -12.5M | 9M | 71.7M | -49.2M | -38.9M | 12.3M | 58.8M | -54.3M | -28.5M | -46.3M |
| EPS | 0.03 | -0.14 | -0.07 | 0.01 | 0.37 | -0.32 | -0.24 | 0.05 | 0.14 | -0.34 | -0.16 | -0.24 |
| Diluted EPS | 0.02 | -0.14 | -0.07 | 0 | 0.34 | -0.32 | -0.24 | 0.01 | 0.13 | -0.34 | -0.16 | -0.24 |
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 | — | — | — | — | — | 2.9B | 1.4B | 1.4B |
| Enterprise value | — | — | — | — | — | 2.4B | 1.1B | 1.3B |
| Shares outstanding | 49.5M | 49.5M | 49.5M | 69.7M | 116.4M | 126.2M | 130.3M | 130.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 94.4 | — | 93.4 |
| P/S | — | — | — | — | — | 1.06 | 0.62 | 0.55 |
| P/B | — | — | — | — | — | 4.72 | 2.56 | 3.01 |
| EV/EBITDA | — | — | — | — | — | 59.5 | -65.2 | -16.1 |
| EV/Sales | — | — | — | — | — | 0.91 | 0.49 | 0.48 |
| Earnings yield | — | — | — | — | — | 1.06% | — | 1.07% |
| FCF yield | — | — | — | — | — | 2.12% | -12.5% | 0.17% |
| PEG | — | — | — | — | — | — | — | -0.16 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -8.59% | 1.41% | -10.2% | -5.2% | 6.36% | 12.6% | 13.1% | 5.12% |
| Operating margin | -53.8% | -7.27% | -23.3% | -23.7% | -5.08% | 0.99% | -2.05% | -8.85% |
| Net margin | -51% | -8.32% | -23.8% | -24.1% | -4.73% | 1.13% | -3% | -3.07% |
| ROE | -184.2% | 271.2% | 288.3% | -46% | -18.8% | 5% | -12.4% | -23.5% |
| ROA | -24.9% | -12.8% | -22.6% | -16.6% | -7.75% | 1.6% | -2.88% | -2.95% |
| ROIC | 63.1% | 36.8% | -2.3K% | -172.6% | -43.1% | 10.8% | -18.6% | -23% |
| Return on tangible assets | -38.5% | -15.5% | -25.8% | -18.2% | -8.82% | 1.76% | -3.13% | -4.61% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.92 | 0.87 | 0.86 | 1.44 | 1.6 | 1.33 | 1.51 | 1.34 |
| Quick ratio | 0.86 | 0.77 | 0.35 | 0.86 | 1.3 | 1.19 | 1.17 | 0.89 |
| Debt / equity | — | — | -1.78 | 0 | 0.09 | 0.05 | 0.71 | 0.96 |
| Debt / assets | — | — | 0.14 | 0 | 0.04 | 0.02 | 0.17 | 0.15 |
| Net debt / EBITDA | — | — | -0.41 | 1.68 | 2.9 | -10.2 | 17.7 | -0.75 |
| Interest coverage | -6.8K | -313.8 | -110.6 | -140.5 | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 23.3% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.86 | 11.3 | 13.8 | 17.2 | 19 | 21.4 | 17.4 | 19.7 |
| EPS (basic) | -0.95 | 0 | -3.27 | -1.5 | -0.6 | 0.18 | -0.37 | -0.37 |
| EPS (diluted) | -0.95 | 0 | -3.27 | -1.5 | -0.6 | 0.13 | -0.37 | -0.6 |
| Book value per share | 0.52 | -0.35 | -1.14 | 9.03 | 4.78 | 4.81 | 4.21 | 2.61 |
| FCF per share | 0.5 | -0.32 | -5.45 | -4.16 | -1.07 | 0.48 | -1.35 | -0.95 |
| Cash per share | 2.1 | 1.9 | 0.74 | 6.71 | 2.97 | 3.56 | 5.3 | 2.37 |
| Capex per share | 0.06 | 0.04 | 0.09 | 0.11 | 0.03 | 0.06 | 0.11 | 0.12 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.97% | 0.32% | 0.63% | 0.66% | 0.13% | 0.3% | 0.66% | 0.63% |
| Capex / operating cash flow | -24.6% | -1.88% | -0.8% | -3.37% | -3.84% | -12.9% | -10.2% | -16.4% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $680.8M |
| — |
| FY20 | — | $0 | — | — | $561.3M | — |
| FY19 | — | -$0.95 | — | — | $92.2M | — |
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 26 |
|---|
| Revenue | $673M | $364M | $623.1M | $483.3M | $1.2B | $186.8M | $431.6M | $602.5M | $1B | $475.2M | $464.9M | $649.8M |
| YoY change | +52.3% | +17.2% | -10.7% | -9.89% | +82.5% | -48.7% | -30.7% | +24.7% | -15.2% | +154.4% | +7.71% | +7.85% |
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 | 104.1M | 93.8M | 36.8M | 467.7M | 345.9M | 448.7M | 690.8M |
| Receivables | 6.9M | 32.1M | 57.4M | 86.8M | 111.3M | 308.6M | 299.4M |
| Inventory | 10.7M | 37.3M | 389.8M | 652.7M | 224.9M | 182.6M | 455M |
| Total current assets | 148.3M | 327.5M | 661.5M | 1.6B | 1.2B | 1.7B | 2.1B |
| Property, plant & equipment | 4M | 5.2M | 8.2M | 13.8M | 12.8M | 15.3M | 50.3M |
| Goodwill & intangibles | 66.9M | 62.1M | 90.5M | 153.1M | 163.5M | 175M | 184M |
| Total assets | 188.8M | 364M | 717.7M | 1.7B | 1.4B | 1.9B | 2.4B |
| Accounts payable | 15M | 78.1M | 158.4M | 304.9M | 65.4M | 436.7M | 321M |
| Short-term debt | — | — | 100M | 1.7M | 22.5M | 30.4M | — |
| Total current liabilities | 160.7M | 378.2M | 771.5M | 1.1B | 745.7M | 1.3B | 1.4B |
| Long-term debt | — | — | — | 1M | 28M | — | 390.8M |
| Total liabilities | 163.3M | 381.3M | 773.9M | 1.1B | 795.8M | 1.3B | 1.8B |
| Shareholders' equity | 25.5M | -17.2M | -56.2M | 629.2M | 556.3M | 607.1M | 548.8M |
| Total debt | — | — | 100M | 2.7M | 50.6M | 30.4M | 390.8M |
| Net debt | — | — | 63.2M | -354.6M | -295.3M | -418.3M | -300M |
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 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 345.9M | — | — | — | — | — | — | — | 690.8M | 452.6M | 387.3M | 339.3M |
| Receivables | 111.3M | — | — | — | — | — | — | — | 299.4M | 356.5M | 194.7M | 358.6M |
| Inventory | 224.9M | — | — | — | — | — | — | — | 455M | 540.6M | 764.2M | 783M |
| Total current assets | 1.2B | — | — | — | — | — | — | — | 2.1B | 2B | 2.1B | 2.3B |
| Property, plant & equipment | 12.8M | — | — | — | — | — | — | — | 50.3M | 45.9M | — | 43.5M |
| Goodwill & intangibles | 163.5M | — | — | — | — | — | — | — | 184M | 184.8M | 185.3M | 185M |
| Total assets | 1.4B | — | — | — | — | — | — | — | 2.4B | 2.3B | 2.3B | 2.6B |
| Accounts payable | 65.4M | — | — | — | — | — | — | — | 321M | 135.2M | 189.1M | 295.1M |
| Short-term debt | 22.5M | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 745.7M | — | — | — | — | — | — | — | 1.4B | 1.3B | 1.5B | 1.7B |
| Long-term debt | 28M | — | — | — | — | — | — | — | 390.8M | 391.3M | 391.7M | 392.2M |
| Total liabilities | 795.8M | — | — | — | — | — | — | — | 1.8B | 1.8B | 1.9B | 2.2B |
| Shareholders' equity | 556.3M | — | — | — | — | — | — | — | 548.8M | 488.2M | 458.2M | 431.2M |
| Total debt | 50.6M | — | — | — | — | — | — | — | 390.8M | 391.3M | 391.7M | 392.2M |
| Net debt | -295.3M | — | — | — | — | — | — | — | -300M | -61.3M | 4.4M | 52.8M |
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 | -47M | -46.7M | -162M | -289.2M | -104.8M | 30.4M | -68M |
| Depreciation & amortization | 2.9M | 3M | 5.1M | 7.1M | 10.7M | 14.5M | 29.3M |
| Stock-based compensation | — | — | 0 | 44.1M | 26.9M | 23.9M | 19.5M |
| Change in working capital | 33.8M | -52.9M | -375.2M | -8.9M | -14M | -128.1M | -71.6M |
| Operating cash flow | -11.1M | -94.7M | -533.5M | -235.6M | -77.8M | -63M | -145.5M |
| Capital expenditure | -2.7M | -1.8M | -4.3M | -7.9M | -3M | -8.1M | -14.9M |
| Investing cash flow | -2.7M | 18.2M | -22.3M | -148.4M | 103.7M | -8.1M | -14.9M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | 0 | -5M | -2.8M | -1.7M | -753K |
| Financing cash flow | 20M | -9.5M | 106.1M | 714M | 45.4M | -14M | 354.7M |
| Net change in cash | 6.2M | -86M | -449.6M | 329.9M | 71.3M | -85.2M | 194.3M |
| Free cash flow | 24.9M | -15.8M | -269.6M | -290.3M | -124.2M | 60.7M | -175.3M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 4.8M | -25.6M | -12.9M | 1.1M | 67.7M | -57M | -41.9M | 6.9M | 24.1M | -62.6M | -29.2M | -44.3M |
| Depreciation & amortization | 2.9M | 2.9M | 3.1M | 4.4M | 4.1M | 4.5M | 6.2M | 8.3M | 10.4M | 8.8M | 10.7M | 11.2M |
| Stock-based compensation | 5.5M | 5.6M | 6.6M | 6.1M | 5.5M | 5.3M | 3.8M | 6.4M | 4.1M | 5.3M | 3.9M | 4.9M |
| Change in working capital | 20M | 33.2M | 121M | -84.2M | -196.6M | -292.9M | 120.3M | 23.9M | 77.1M | -196.1M | 6.2M | 6.2M |
| Operating cash flow | 37.5M | 17.1M | 118.2M | -72.2M | -124.7M | -339.5M | 90M | -153.9M | 265.7M | -226.8M | -121.1M | -18.6M |
| Capital expenditure | -1.1M | -1.5M | -1M | -2.4M | -3.3M | -2.1M | -4.4M | -3.7M | -4.9M | -3.5M | -4.3M | -3.9M |
| Investing cash flow | -1.1M | -1.5M | -1M | -2.4M | -3.3M | -2.1M | -4.4M | -3.7M | -4.9M | -3.5M | -4.3M | -3.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -1.2M | 0 | -88K | -1.2M | -420K | -396K | -94K | 0 | -263K | -2.4M | -362K | 0 |
| Financing cash flow | -1.2M | -7.5M | -804K | -1.9M | -3.9M | 360.4M | -2.5M | -995K | -2.2M | -3.3M | -1.8M | 75.2M |
| Net change in cash | 35.3M | 8.2M | 116.4M | -76.5M | -131.8M | 18.8M | 83.1M | -158.6M | 258.7M | -233.6M | -127.2M | 52.7M |
| Free cash flow | 45.5M | 16.8M | 66M | -27M | 5M | -216.4M | -53.8M | -161.2M | 256M | -236.1M | -127.9M | -23.9M |