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 | $0.13 | $0.17 | +30.8% | — | $237.4M | — |
| Q4 25 | $0.11 | $0.14 | +27.3% | — | $222.7M | — |
| Q3 25 | $0.13 | $0.16 | +23.1% | — | $215.1M | — |
| Q2 25 | $0.11 | $0.18 | +63.6% | — | $204.7M | — |
| Q1 25 | $0.13 | $0.18 | +38.5% | — | $196.3M | — |
| Q4 24 | $0.1 | $0.14 | +40.0% | — | $194.6M | — |
| Q3 24 | $0.08 | $0.11 | +37.5% | — | $186.6M | — |
| Q2 24 | $0.06 | $0.08 | +33.3% | — | $174.1M | — |
| Q1 24 | $0.08 | $0.1 | +25.0% | — | $165.1M | — |
| Q4 23 | $0.05 | $0.08 | +60.0% | — | $160.1M | — |
| Q3 23 | $0.05 | $0.08 | +60.0% | — | $153.6M | — |
| Q2 23 | $0.02 | $0.07 | +250.0% | — | $145.1M | — |
| Q1 23 | -$0.02 | $0.03 | +250.0% | — | $137.7M | — |
| Q4 22 | -$0.04 | $0.01 | +125.0% | — | $133.2M | — |
| Q3 22 | -$0.05 | -$0.01 | +80.0% | — | $128.8M | — |
| Q2 22 | -$0.07 | -$0.06 | +14.3% | — | $121.4M | — |
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 | — | $0.63 | — | — | $838.8M | — |
| FY24 | — | -$0.32 | — | — | $720.4M | — |
| FY23 | — | -$0.47 | — | — | $596.4M | — |
| FY22 | — | -$0.82 | — | — | $498M | — |
| FY21 | — | -$21.7 |
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 | $172.4M | $249.7M | $371M | $498M | $596.4M | $720.4M | $838.8M |
| YoY change | — | +44.8% | +48.6% | +34.2% | +19.8% | +20.8% | +16.4% |
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 | 172.4M | 249.7M | 371M | 498M | 596.4M | 720.4M | 838.8M |
| Cost of revenue | 36.5M | 52.5M | 78M | 95.8M | 103.4M | 113.3M | 126.1M |
| Gross profit | 135.9M | 197.2M | 293M | 402.2M | 493.1M | 607.1M | 712.7M |
| Gross margin | 78.8% | 79% | 79% | 80.8% | 82.7% | 84.3% | 85% |
| Research & development | 38.6M | 69.2M | 120.4M | 135.5M | 137.8M | 164.6M | 163.2M |
| Selling, general & administrative | 127M | 184.1M | 377.4M | 500.1M | 525.5M | 571.4M | 535.8M |
| Operating expenses | 165.6M | 253.3M | 497.8M | 635.6M | 663.2M | 736M | 699.1M |
| Operating income | -29.7M | -56.1M | -204.8M | -233.4M | -170.2M | -128.9M | 13.6M |
| Operating margin | -17.2% | -22.5% | -55.2% | -46.9% | -28.5% | -17.9% | 1.62% |
| Non-operating income, net | 904K | -1.4M | 20.8M | -2.2M | 508K | -13.6M | 1.5M |
| Pretax income | -27.5M | -53.3M | -181.5M | -220.8M | -123.8M | -90.8M | 53.3M |
| Income tax | 3.6M | 4M | 10.5M | 11.3M | 13.7M | 4.5M | -130.4M |
| Net income | -31.1M | -57.3M | -192M | -232.1M | -137.4M | -95.4M | 183.7M |
| Net margin | -18.1% | -22.9% | -51.7% | -46.6% | -23% | -13.2% | 21.9% |
| EBITDA | -23.4M | -44.9M | -191.5M | -221.9M | -158M | -99.9M | 39.9M |
| EPS | -2.47 | -6.4 | -21.7 | -0.82 | -0.47 | -0.32 | 0.63 |
| Diluted EPS | -2.47 | -6.4 | -21.7 | -0.82 | -0.47 | -0.32 | 0.63 |
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 | 153.6M | 160.1M | 165.1M | 174.1M | 186.6M | 194.6M | 196.3M | 204.7M | 215.1M | 222.7M | 228.6M | 237.4M |
| Cost of revenue | 26.3M | 27M | 25.9M | 28.2M | 29.8M | 29.5M | 29.9M | 31.1M | 33M | 32.2M | 34.7M | 36.1M |
| Gross profit | 127.3M | 133.1M | 139.3M | 146M | 156.8M | 165.1M | 166.4M | 173.5M | 182.2M | 190.6M | 193.9M | 201.3M |
| Gross margin | 82.9% | 83.1% | 84.3% | 83.8% | 84% | 84.9% | 84.8% | 84.8% | 84.7% | 85.6% | 84.8% | 84.8% |
| Research & development | 34.9M | 35.8M | 34.7M | 41M | 47.9M | 41M | 40M | 39.9M | 41.5M | 41.8M | 49.3M | 43.8M |
| Selling, general & administrative | 131.1M | 137.3M | 136.7M | 148.8M | 147.7M | 138.2M | 136.4M | 142.2M | 148.2M | 109M | 152.7M | 144.4M |
| Operating expenses | 166M | 173.1M | 171.4M | 189.7M | 195.6M | 179.2M | 176.4M | 182.2M | 189.6M | 150.8M | 202M | 188.2M |
| Operating income | -38.7M | -40M | -32.2M | -43.8M | -38.9M | -14.1M | -10M | -8.7M | -7.5M | 39.7M | -8.1M | 13.1M |
| Operating margin | -25.2% | -25% | -19.5% | -25.1% | -20.8% | -7.26% | -5.1% | -4.23% | -3.47% | 17.8% | -3.53% | 5.52% |
| Non-operating income, net | -1.3M | 1.6M | -1.1M | -528K | 1.5M | -13.5M | 1.3M | 2.4M | -1.4M | -800K | -5.6M | -9.1M |
| Pretax income | -27.7M | -25.3M | -19.4M | -30.5M | -24.9M | -16M | 2.6M | 3.9M | -52K | 46.9M | -6.6M | 10.3M |
| Income tax | 3.3M | 2.8M | 4M | -10.4M | 5M | 5.9M | 3.9M | 5.6M | 4.6M | -144.6M | -1.8M | 7M |
| Net income | -31M | -28.1M | -23.3M | -20.2M | -30M | -21.9M | -1.3M | -1.7M | -4.7M | 191.4M | -4.8M | 3.2M |
| Net margin | -20.2% | -17.5% | -14.1% | -11.6% | -16.1% | -11.3% | -0.66% | -0.85% | -2.18% | 86% | -2.1% | 1.36% |
| EBITDA | -35.8M | -37M | -29.2M | -40M | -32.5M | -7.8M | -3.2M | -2.4M | -853K | 46.3M | -197K | 28.4M |
| EPS | -0.11 | -0.09 | -0.08 | -0.07 | -0.1 | -0.07 | 0 | -0.01 | -0.02 | 0.68 | -0.02 | 0.01 |
| Diluted EPS | -0.11 | -0.09 | -0.08 | -0.07 | -0.1 | -0.07 | 0 | -0.01 | -0.02 | 0.67 | -0.02 | 0.01 |
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 | — | — | — | — | 6.9B | 4.9B | 3.6B | 3.3B |
| Enterprise value | — | — | — | — | 5.7B | 3.8B | 2.8B | 2.6B |
| Shares outstanding | 252.9M | 252.9M | 130.7M | 284.6M | 293.1M | 300.8M | 291.1M | 291.1M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 19.4 | 19.8 |
| P/S | — | — | — | — | 11.5 | 6.75 | 4.25 | 3.6 |
| P/B | — | — | — | — | 6.42 | 4.28 | 3.45 | 3.66 |
| EV/EBITDA | — | — | — | — | -36.2 | -38.4 | 70.9 | 46 |
| EV/Sales | — | — | — | — | 9.6 | 5.32 | 3.37 | 2.92 |
| Earnings yield | — | — | — | — | — | — | 5.15% | 5.05% |
| FCF yield | — | — | — | — | 1.13% | 3% | 6.19% | 7.98% |
| PEG | — | — | — | — | — | — | — | -0.1 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 78.8% | 79% | 79% | 80.8% | 82.7% | 84.3% | 85% | 84.8% |
| Operating margin | -17.2% | -22.5% | -55.2% | -46.9% | -28.5% | -17.9% | 1.62% | 5.53% |
| Net margin | -18.1% | -22.9% | -51.7% | -46.6% | -23% | -13.2% | 21.9% | 20.5% |
| ROE | 2.77% | 2.12% | -15.5% | -22.1% | -12.8% | -8.38% | 17.8% | 19.7% |
| ROA | -9.67% | -15.6% | -12.9% | -16.8% | -9.43% | -5.92% | 11.5% | 1.58% |
| ROIC | 2.2% | 1.91% | 239.5% | 384.3% | 198.2% | -121.5% | 4.63% | 14% |
| Return on tangible assets | -10.2% | -16.7% | -13.1% | -17% | -9.52% | -8.39% | 15.9% | 20.4% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.81 | 2.05 | 6.36 | 4.7 | 4.14 | 3.1 | 2.2 | 1.69 |
| Quick ratio | 2.81 | 2.05 | 6.36 | 4.7 | 4.14 | 3.1 | 2.2 | 1.69 |
| Debt / equity | — | — | 0 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 |
| Debt / assets | — | — | 0 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 |
| Net debt / EBITDA | — | — | 6.91 | 5.01 | 7.33 | 10.3 | -18.5 | -8.54 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.68 | 0.99 | 2.84 | 1.75 | 2.03 | 2.39 | 2.88 | 3.22 |
| EPS (basic) | -2.47 | -6.4 | -21.7 | -0.82 | -0.47 | -0.32 | 0.63 | 0.63 |
| EPS (diluted) | -2.47 | -6.4 | -21.7 | -0.82 | -0.47 | -0.32 | 0.63 | 0.63 |
| Book value per share | -4.44 | -10.7 | 9.48 | 3.7 | 3.66 | 3.78 | 3.55 | 3.41 |
| FCF per share | -0.09 | 0.09 | 0.02 | -0.05 | 0.27 | 0.49 | 0.76 | 0.81 |
| Cash per share | 0.88 | 0.94 | 10.1 | 4.03 | 4.05 | 3.56 | 2.68 | 2.54 |
| Capex per share | 0.05 | 0.02 | 0.04 | 0.02 | 0.01 | 0.03 | 0.05 | 0.05 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 6.67% | 1.76% | 1.33% | 1.4% | 0.33% | 1.24% | 1.88% | 1.46% |
| Capex / operating cash flow | -115.6% | 29.5% | 22.6% | -1.6K% | 1.82% | 5.44% | 6.52% | 5.35% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $371M |
| — |
| FY20 | — | -$6.4 | — | — | $249.7M | — |
| FY19 | — | -$2.47 | — | — | $172.4M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $153.6M | $160.1M | $165.1M | $174.1M | $186.6M | $194.6M | $196.3M | $204.7M | $215.1M | $222.7M | $228.6M | $237.4M |
| YoY change | +19.3% | +20.2% | +19.9% | +20% | +21.5% | +21.5% | +18.9% | +17.5% | +15.3% | +14.5% | +16.5% | +16% |
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 | 222.9M | 238.1M | 1.3B | 1.1B | 1.2B | 1.1B | 781.4M |
| Receivables | 24.3M | 34.3M | 51.8M | 70.5M | 97.2M | 122.9M | 150.8M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 276.5M | 312.4M | 1.4B | 1.3B | 1.4B | 1.3B | 1.1B |
| Property, plant & equipment | 20M | 20.8M | 21.5M | 57.2M | 55.5M | 62.8M | 78.7M |
| Goodwill & intangibles | 17.8M | 24.8M | 16.1M | 12.7M | 12.4M | 475.7M | 447.3M |
| Total assets | 321.8M | 367.4M | 1.5B | 1.4B | 1.5B | 1.6B | 1.6B |
| Accounts payable | 3.7M | 3.7M | 6.3M | 5.9M | 3.5M | 1.6M | 11.5M |
| Short-term debt | — | — | — | 6.8M | 2.7M | 8.1M | 9.2M |
| Total current liabilities | 98.4M | 152.2M | 223.3M | 271.7M | 327.2M | 407.7M | 498M |
| Long-term debt | — | — | 0 | 28.2M | 26.8M | 30.2M | 33.3M |
| Total liabilities | 1.4B | 3.1B | 244.8M | 328.4M | 384.5M | 474M | 570.1M |
| Shareholders' equity | -1.1B | -2.7B | 1.2B | 1.1B | 1.1B | 1.1B | 1B |
| Total debt | — | — | 0 | 34.9M | 29.5M | 38.3M | 42.5M |
| Net debt | — | — | -747.9M | -269.1M | -458.6M | -582M | -527.3M |
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 | 1.2B | 1.2B | 1.2B | 1B | 1.1B | 1.1B | 995.3M | 926.2M | 813.2M | 781.4M | 779.2M | 664.1M |
| Receivables | 80.3M | 97.2M | 84.3M | 100.9M | 99.2M | 122.9M | 112.3M | 115.9M | 119.8M | 150.8M | 127.3M | 137.7M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.3B | 1.4B | 1.4B | 1.2B | 1.2B | 1.3B | 1.2B | 1.1B | 1B | 1.1B | 1B | 901.9M |
| Property, plant & equipment | 55.2M | 55.5M | 52.8M | 56.1M | 56M | 62.8M | 63.6M | 63.3M | 72.2M | 78.7M | 81.2M | 78.7M |
| Goodwill & intangibles | 12.4M | 12.4M | 12.4M | 490.1M | 482.9M | 475.7M | 468.7M | 461M | 454.2M | 447.3M | 592.1M | 581M |
| Total assets | 1.4B | 1.5B | 1.5B | 1.5B | 1.6B | 1.6B | 1.5B | 1.5B | 1.4B | 1.6B | 1.6B | 1.5B |
| Accounts payable | 2.7M | 3.5M | 1.5M | 9.8M | 7M | 1.6M | 2.1M | 4.9M | 7.6M | 11.5M | 18.6M | 26.9M |
| Short-term debt | 3.9M | 2.7M | 1.7M | 4M | 5.6M | 8.1M | 9.3M | 9.2M | 8.2M | 9.2M | 9.4M | 9M |
| Total current liabilities | 305.7M | 327.2M | 336.3M | 367.7M | 377.9M | 407.7M | 413.5M | 432.6M | 450.6M | 498M | 520.1M | 532.7M |
| Long-term debt | 26.9M | 26.8M | 24.6M | 27.7M | 25.5M | 30.2M | 30.6M | 26.8M | 31.4M | 33.3M | 29.4M | 25.6M |
| Total liabilities | 359.6M | 384.5M | 389.3M | 428.5M | 440.2M | 474M | 479.4M | 496.2M | 520.5M | 570.1M | 586.2M | 594.5M |
| Shareholders' equity | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 984.6M | 851.5M | 1B | 1B | 895.9M |
| Total debt | 30.8M | 29.5M | 26.3M | 31.7M | 31.2M | 38.3M | 39.9M | 36M | 39.7M | 42.5M | 38.8M | 34.6M |
| Net debt | -427.4M | -458.6M | -441.7M | -278.6M | -359.9M | -582M | -554.4M | -449.9M | -381.3M | -527.3M | -509.4M | -460.1M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -31.1M | -57.3M | -192M | -232.1M | -137.4M | -95.4M | 183.7M |
| Depreciation & amortization | 6.3M | 11.2M | 13.3M | 11.5M | 12.1M | 19.4M | 25.9M |
| Stock-based compensation | 273K | 43.3M | 173.4M | 207.7M | 210.7M | 216.7M | 146.8M |
| Change in working capital | 11.2M | 12.2M | 16.2M | -10.7M | -8.5M | -3.3M | -5.9M |
| Operating cash flow | -9.9M | 14.8M | 21.9M | -432K | 107.5M | 163.6M | 242.4M |
| Capital expenditure | -11.5M | -4.4M | -4.9M | -7M | -2M | -8.9M | -15.8M |
| Investing cash flow | -145.6M | -5M | -416.7M | -279.7M | 164.8M | 44.3M | 211.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -100M | 0 | 0 | — | — | -13.7M | -386.3M |
| Financing cash flow | 149.5M | -2.2M | 1.1B | -167.3M | -68M | -74M | -443M |
| Net change in cash | -6M | 7.6M | 663.4M | -447.5M | 204.3M | 133.9M | 11.1M |
| Free cash flow | -23M | 21.8M | 2.3M | -14.8M | 77.8M | 146M | 220.9M |
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 | -31M | — | — | — | — | — | — | — | -4.7M | 191.4M | -4.8M | 3.2M |
| Depreciation & amortization | 3M | — | — | — | — | — | — | — | 6.6M | 6.6M | 7.9M | 8.3M |
| Stock-based compensation | 55.1M | — | — | — | — | — | — | — | 48.5M | -2.7M | 43.9M | 37.8M |
| Change in working capital | -4.2M | — | — | — | — | — | — | — | -6.7M | -3.8M | 18.9M | -7M |
| Operating cash flow | 31.1M | 8.4M | 8.5M | 9.2M | 9.9M | 11.2M | 9.9M | 10.7M | 63.5M | 62.3M | 62.4M | 58.5M |
| Capital expenditure | -245K | — | — | — | — | — | — | — | -4.5M | -3.9M | -3.4M | -1.5M |
| Investing cash flow | 103.7M | — | — | — | — | — | — | — | 47.3M | 159.4M | -78.4M | 59.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | -159.1M | 0 | -48.4M | -159M |
| Financing cash flow | -24M | — | — | — | — | — | — | — | -174.1M | -11.2M | -55.5M | -168.9M |
| Net change in cash | 110.8M | 8.4M | 8.5M | 9.2M | 9.9M | 11.2M | 9.9M | 10.7M | -63.3M | 210.5M | -71.5M | -50.7M |
| Free cash flow | 22.1M | — | — | — | — | — | — | — | 57.2M | 56.2M | 55.1M | 52M |