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 | $0.31 | $0.37 | +19.4% | — | $299M | — |
| Q1 26 | $0.26 | $0.27 | +3.8% | — | $252.1M | — |
| Q4 25 | $0.42 | $0.36 | -14.3% | — | $336.7M | — |
| Q3 25 | $0.22 | $0.2 | -9.1% | — | $220.8M | — |
| Q2 25 | $0.2 | $0.2 | 0.0% | — | $214.9M | — |
| Q1 25 | $0.08 | $0.19 | +137.5% | — | $189.9M | — |
| Q4 24 | $0.3 | $0.3 | 0.0% | — | $262.9M | — |
| Q3 24 | $0.17 | $0.17 | 0.0% | — | $176M | — |
| Q2 24 | $0.15 | $0.17 | +13.3% | — | $168M | — |
| Q1 24 | $0.09 | $0.1 | +11.1% | — | $145.9M | — |
| Q4 23 | $0.2 | $0.22 | +10.0% | — | $185.4M | — |
| Q3 23 | $0.1 | $0.2 | +100.0% | — | $133.6M | — |
| Q2 23 | $0.08 | $0.12 | +50.0% | — | $133.3M | — |
| Q1 23 | $0.05 | $0.07 | +40.0% | — | $117.6M | — |
| Q4 22 | $0.09 | $0.11 | +22.2% | — | $139.9M | — |
| Q3 22 | -$0.3 | -$0.41 | -36.7% | — | $105.6M | — |
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 | — | $0.4 | — | — | $962.2M | — |
| FY24 | — | -$0.45 | — | — | $752.8M | — |
| FY23 | — | -$0.81 | — | — | $569.9M | — |
| FY22 | — | -$1.24 | — | — | $409M | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $38.6M | $65.9M | $136.4M | $245.3M | $409M | $569.9M | $752.8M | $962.2M |
| YoY change | — | +70.4% | +107.1% | +79.9% | +66.8% | +39.3% | +32.1% | +27.8% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 38.6M | 65.9M | 136.4M | 245.3M | 409M | 569.9M | 752.8M | 962.2M |
| Cost of revenue | 30.1M | 47.2M | 92.9M | 153.8M | 250.9M | 336.3M | 413.3M | 525.9M |
| Gross profit | 8.6M | 18.7M | 43.5M | 91.4M | 158.2M | 233.6M | 339.4M | 436.2M |
| Gross margin | 22.2% | 28.3% | 31.9% | 37.3% | 38.7% | 41% | 45.1% | 45.3% |
| Research & development | 9.5M | 12M | 15.4M | 29.8M | 81.2M | 97.6M | 105.5M | 122.8M |
| Selling, general & administrative | 9.4M | 11.6M | 19.7M | 127.3M | 266.3M | 273.1M | 301.9M | 241.8M |
| Operating expenses | 19M | 23.6M | 35.1M | 157.1M | 347.5M | 370.7M | 407.4M | 364.6M |
| Operating income | -10.4M | -5M | 8.4M | -65.7M | -189.3M | -137.1M | -67.9M | 71.7M |
| Operating margin | -26.9% | -7.52% | 6.17% | -26.8% | -46.3% | -24% | -9.02% | 7.45% |
| Non-operating income, net | — | — | — | — | — | — | — | — |
| Pretax income | -11.5M | -7.5M | 4.1M | -74.2M | -201.4M | -131.8M | -79.4M | 70.5M |
| Income tax | 50K | 34K | 160K | 705K | -6M | 2M | -3.8M | 2.2M |
| Net income | -11.6M | -7.5M | 3.9M | -74.9M | -195.4M | -133.8M | -75.5M | 68.3M |
| Net margin | -30% | -11.5% | 2.87% | -30.6% | -47.8% | -23.5% | -10% | 7.1% |
| EBITDA | -10.2M | -4.8M | 8.6M | 19M | -10.9M | 35.6M | 101.6M | 158.6M |
| EPS | -0.1 | -0.07 | 0.01 | -0.74 | -1.24 | -0.81 | -0.45 | 0.4 |
| Diluted EPS | -0.1 | -0.07 | 0.01 | -0.74 | -1.24 | -0.81 | -0.45 | 0.39 |
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 | 133.6M | 185.4M | 145.9M | 168M | 176M | 262.9M | 189.9M | 214.9M | 220.8M | 336.7M | 252.1M | 299M |
| Cost of revenue | 77.1M | 109.1M | 82.6M | 90.6M | 95.9M | 144.3M | 105.8M | 117.2M | 121.1M | 181.8M | 137.2M | 167.1M |
| Gross profit | 56.5M | 76.3M | 63.3M | 77.4M | 80.1M | 118.7M | 84.1M | 97.7M | 99.6M | 154.8M | 114.9M | 131.9M |
| Gross margin | 42.3% | 41.2% | 43.4% | 46.1% | 45.5% | 45.1% | 44.3% | 45.5% | 45.1% | 46% | 45.6% | 44.1% |
| Research & development | 24.9M | 25.2M | 23.5M | 26.7M | 27M | 28.3M | 28.1M | 30.7M | 30.8M | 33.1M | 33M | 35M |
| Selling, general & administrative | 67.2M | 74.2M | 69M | 73.6M | 74.1M | 85.2M | 75.1M | 56.4M | 51.8M | 58.5M | 48.9M | 52.2M |
| Operating expenses | 92.1M | 99.4M | 92.5M | 100.2M | 101.1M | 113.5M | 103.3M | 87.2M | 82.6M | 91.6M | 81.9M | 87.2M |
| Operating income | -35.6M | -23.1M | -29.3M | -22.8M | -21M | 5.2M | -19.2M | 10.5M | 17.1M | 63.3M | 33M | 44.7M |
| Operating margin | -26.6% | -12.4% | -20.1% | -13.6% | -12% | 1.97% | -10.1% | 4.89% | 7.73% | 18.8% | 13.1% | 14.9% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -32.2M | -18M | -32.8M | -23.5M | -22.2M | -891K | -17.3M | 11.5M | 14M | 62.4M | 31.5M | 49.4M |
| Income tax | 895K | 4.1M | -720K | -1.1M | 343K | -2.4M | 541K | 1M | 790K | -102K | 1.2M | 1.7M |
| Net income | -33.1M | -22.1M | -32.1M | -22.4M | -22.6M | 1.5M | -17.9M | 10.5M | 13.2M | 62.5M | 30.4M | 47.7M |
| Net margin | -24.8% | -11.9% | -22% | -13.4% | -12.8% | 0.57% | -9.4% | 4.88% | 5.97% | 18.6% | 12% | 16% |
| EBITDA | -30.1M | 133M | 12.5M | -17.3M | -16.1M | 158.7M | 22.8M | 15.5M | 22.5M | 134.9M | 40.1M | 51.3M |
| EPS | -0.2 | -0.13 | -0.19 | -0.13 | -0.13 | 0.01 | -0.11 | 0.06 | 0.08 | 0.37 | 0.18 | 0.28 |
| Diluted EPS | -0.2 | -0.13 | -0.19 | -0.13 | -0.13 | 0.01 | -0.11 | 0.06 | 0.07 | 0.35 | 0.17 | 0.27 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 6.5B | 9.1B | 6.7B | 6.6B |
| Enterprise value | — | — | — | — | — | 6.2B | 8.7B | 6.1B | 6.2B |
| Shares outstanding | 114.6M | 114.6M | 114.6M | 101.7M | 157.7M | 164.4M | 167.3M | 169.9M | 169.9M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 97.8 | 45.6 |
| P/S | — | — | — | — | — | 11.4 | 12.1 | 6.94 | 6.09 |
| P/B | — | — | — | — | — | 7.22 | 10.2 | 7.16 | 7.45 |
| EV/EBITDA | — | — | — | — | — | 174.6 | 85.4 | 38.3 | 31.2 |
| EV/Sales | — | — | — | — | — | 10.9 | 11.5 | 6.32 | 5.62 |
| Earnings yield | — | — | — | — | — | — | — | 1.02% | 2.19% |
| FCF yield | — | — | — | — | — | 1.63% | 1.83% | 4.2% | 2.75% |
| PEG | — | — | — | — | — | — | — | — | 0.12 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 22.2% | 28.3% | 31.9% | 37.3% | 38.7% | 41% | 45.1% | 45.3% | 44.1% |
| Operating margin | -26.9% | -7.52% | 6.17% | -26.8% | -46.3% | -24% | -9.02% | 7.45% | 14.9% |
| Net margin | -30% | -11.5% | 2.87% | -30.6% | -47.8% | -23.5% | -10% | 7.1% | 13.9% |
| ROE | — | 14.2% | -8.79% | -10.8% | -21.1% | -14.8% | -8.46% | 7.32% | 17% |
| ROA | — | -17.3% | 2.43% | -8.86% | -16.8% | -11.1% | -5.98% | 4.67% | 7.71% |
| ROIC | — | 8.73% | -6.12% | -31.6% | -26.3% | -22.5% | -15.3% | 20.8% | 38.7% |
| Return on tangible assets | — | -17.3% | 2.43% | -8.86% | -84.8% | -43% | -18.4% | 11.2% | 29.4% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 0.94 | 1.82 | 4.73 | 1.79 | 1.9 | 2.08 | 1.93 | 2.07 |
| Quick ratio | — | 0.94 | 1.82 | 4.73 | 1.79 | 1.9 | 2.08 | 1.93 | 2.07 |
| Debt / equity | — | -0.03 | -0.1 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 |
| Debt / assets | — | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Net debt / EBITDA | — | 0.77 | -10.1 | -25.7 | 19.2 | -8.26 | -4.42 | -3.78 | -2.03 |
| Interest coverage | -8.91 | -1.93 | 1.94 | -7.66 | -15.7 | — | — | — | — |
| Effective tax rate | 0% | 0% | 3.93% | 0% | 0% | 0% | 0% | 3.16% | 2.24% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.34 | 0.57 | 1.19 | 2.41 | 2.59 | 3.47 | 4.5 | 5.66 | 6.56 |
| EPS (basic) | -0.1 | -0.07 | 0.01 | -0.74 | -1.24 | -0.81 | -0.45 | 0.4 | 0.4 |
| EPS (diluted) | -0.1 | -0.07 | 0.01 | -0.74 | -1.24 | -0.81 | -0.45 | 0.39 | 0.88 |
| Book value per share | — | -0.46 | -0.39 | 6.84 | 5.89 | 5.49 | 5.34 | 5.49 | 5.39 |
| FCF per share | -0.07 | 0.06 | 0.25 | 0.15 | 0.51 | 0.65 | 1 | 1.65 | 1.66 |
| Cash per share | — | 0.04 | 0.8 | 5 | 1.45 | 1.93 | 2.84 | 3.67 | 3.17 |
| Capex per share | 0 | 0 | 0 | 0.03 | 0.05 | 0.01 | 0.01 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.28% | 0.4% | 0.33% | 1.18% | 2.04% | 0.31% | 0.31% | — | — |
| Capex / operating cash flow | -0.92% | -4.59% | 10.5% | -35.6% | 18.2% | 3% | 1.71% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$0.74 |
| — |
| — |
| $245.3M |
| — |
| FY20 | — | $0.01 | — | — | $136.4M | — |
| FY19 | — | -$0.07 | — | — | $65.9M | — |
| FY18 | — | -$0.1 | — | — | $38.6M | — |
| 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 | $133.6M | $185.4M | $145.9M | $168M | $176M | $262.9M | $189.9M | $214.9M | $220.8M | $336.7M | $252.1M | $299M |
| YoY change | +26.6% | +32.6% | +24% | +26% | +31.7% | +41.8% | +30.2% | +27.9% | +25.5% | +28% | +32.8% | +39.1% |
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 | 5.1M | 92M | 509.1M | 228.2M | 317.4M | 474.4M | 622.8M |
| Receivables | 1.9M | 3.6M | 9.2M | 16.4M | 27.8M | 41.2M | 55.7M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 39.3M | 153.1M | 622.5M | 374.7M | 520.5M | 723.2M | 986.7M |
| Property, plant & equipment | 1.9M | 4.9M | 23.4M | 30M | 33.3M | 34.9M | 31.7M |
| Goodwill & intangibles | — | — | 0 | 932M | 891.2M | 853.6M | 855.6M |
| Total assets | 43.6M | 161.3M | 846.1M | 1.2B | 1.2B | 1.3B | 1.5B |
| Accounts payable | 9M | 19.1M | 24.1M | 52.2M | 50.9M | 79.6M | 91.6M |
| Short-term debt | 590K | 915K | 2.5M | 3.2M | 4M | 4.3M | 5.1M |
| Total current liabilities | 41.8M | 83.9M | 131.6M | 209.6M | 273.5M | 348.4M | 510M |
| Long-term debt | 849K | 3.5M | 18.8M | 16.6M | 19.3M | 20.5M | 18.4M |
| Total liabilities | 96.6M | 205.8M | 150.4M | 234.5M | 300.4M | 370M | 530.1M |
| Shareholders' equity | -53M | -44.5M | 695.8M | 928.1M | 902M | 893.4M | 932.7M |
| Total debt | 1.4M | 4.4M | 21.3M | 19.8M | 23.3M | 24.9M | 23.5M |
| Net debt | -3.6M | -64.2M | -427.3M | -145.2M | -176.8M | -229.8M | -222.4M |
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 | 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 | 252.9M | 317.4M | 297.9M | 341.5M | 358.5M | 474.4M | 444.8M | 515.5M | 552.4M | 622.8M | 552.5M | 530.4M |
| Receivables | 13.5M | 27.8M | 19.4M | 30.3M | 57.1M | 41.2M | 34.7M | 30.2M | 33.6M | 55.7M | 44.1M | 78.6M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 400.6M | 520.5M | 459.1M | 521.4M | 594.7M | 723.2M | 684M | 735M | 791.1M | 986.7M | 831.9M | 891M |
| Property, plant & equipment | 31.9M | 33.3M | 32.8M | 33.1M | 35.7M | 34.9M | 33.8M | 33.7M | 32.9M | 31.7M | 31.8M | 32.2M |
| Goodwill & intangibles | 450.7M | 891.2M | 881.2M | 871.2M | 862.4M | 853.6M | 844.8M | 835.9M | 865.6M | 855.6M | 843.6M | 831.7M |
| Total assets | 1.1B | 1.2B | 1.1B | 1.1B | 1.2B | 1.3B | 1.2B | 1.2B | 1.3B | 1.5B | 1.3B | 1.4B |
| Accounts payable | 32.5M | 50.9M | 33.9M | 36M | 42.4M | 79.6M | 67.2M | 52.9M | 56.4M | 91.6M | 65.8M | 80.8M |
| Short-term debt | 3.7M | 4M | 4M | 4.1M | 4.4M | 4.3M | 4.4M | 4.7M | 4.8M | 5.1M | 5.3M | 6M |
| Total current liabilities | 188.6M | 273.5M | 195.4M | 229M | 272.8M | 348.4M | 276.9M | 285.5M | 324.7M | 510M | 369.6M | 430.6M |
| Long-term debt | 17.8M | 19.3M | 18.4M | 18.2M | 21.2M | 20.5M | 19.5M | 19.9M | 19.1M | 18.4M | 18.6M | 19.4M |
| Total liabilities | 210.3M | 300.4M | 219.9M | 251.9M | 297.7M | 370M | 297.5M | 306.7M | 345.5M | 530.1M | 390M | 451.6M |
| Shareholders' equity | 908.2M | 902M | 886.9M | 878.7M | 869.4M | 893.4M | 884.3M | 909.1M | 933M | 932.7M | 911.4M | 903.7M |
| Total debt | 21.5M | 23.3M | 22.4M | 22.4M | 25.6M | 24.9M | 23.9M | 24.6M | 24M | 23.5M | 23.9M | 25.4M |
| Net debt | -124.3M | -176.8M | -159.5M | -207.5M | -181.7M | -229.8M | -183.8M | -180.6M | -227.4M | -222.4M | -151.3M | -260M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -11.6M | -7.5M | 3.9M | -74.9M | -195.4M | -133.8M | -75.5M | 68.3M |
| Depreciation & amortization | 162K | 171K | 235K | 84.6M | 178.5M | 172.7M | 169.5M | 87M |
| Stock-based compensation | 219K | 221K | 4M | 12M | 38.9M | 45M | 39.2M | 39.3M |
| Change in working capital | -516K | 1.4M | -3.8M | -29.8M | 25.1M | -25M | 4.9M | -8M |
| Operating cash flow | -11.7M | -5.8M | 4.3M | -8.1M | 45.8M | 58.1M | 136.7M | 283.8M |
| Capital expenditure | -108K | -264K | -456K | -2.9M | -8.4M | -1.7M | -2.3M | — |
| Investing cash flow | -1.6M | -452K | -24M | -40.5M | -330.1M | -55M | -105.1M | -177.6M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | -72.2M |
| Financing cash flow | 19.9M | 0 | 58.8M | 396.5M | 0 | 0 | — | -72.2M |
| Net change in cash | 6.5M | -6.2M | 39.1M | 347.9M | -284.3M | 3.1M | 31.6M | 34M |
| Free cash flow | -8.1M | 6.8M | 28.9M | 15.3M | 81M | 106.5M | 167.1M | 280.7M |
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 | 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 | -33.1M | -22.1M | -32.1M | -22.4M | -22.6M | 1.5M | -17.9M | 10.5M | 13.2M | 62.5M | 30.4M | 47.7M |
| Depreciation & amortization | 5.5M | 156M | 41.8M | 5.5M | 5M | 153.5M | 42M | 5M | 5.4M | 71.6M | 7.1M | 6.6M |
| Stock-based compensation | 11.7M | 12.2M | 8.7M | 11.2M | 9.7M | 9.5M | 8.8M | 10.1M | 10.3M | 10.2M | 9.9M | 11M |
| Change in working capital | -1.8M | -2.7M | -17.5M | -9.7M | -26.9M | 59M | -15M | -12.5M | 6.8M | 12.6M | -9.4M | -32.6M |
| Operating cash flow | 20.1M | 30.3M | 1.4M | 21.6M | 2.5M | 111.2M | 17M | 65M | 74.3M | 216.6M | -72.6M | 73.6M |
| Capital expenditure | -328K | -926K | -882K | -573K | -398K | -482K | -548K | — | — | — | — | — |
| Investing cash flow | -35.1M | -10.7M | 108K | 3M | -39.4M | -68.8M | -21.2M | -71.2M | -7.4M | -78.3M | -1.2M | 132.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | -58.9M | -68M |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — | -58.9M | -68M |
| Net change in cash | -14.9M | 19.6M | 1.5M | 24.6M | -36.9M | 42.4M | -4.2M | -6.3M | 66.9M | 138.2M | -132.7M | 138.3M |
| Free cash flow | 26.3M | 92.6M | -55.1M | 63.5M | 29.9M | 128.8M | -72.6M | 63.5M | 73.6M | 216.2M | -72.9M | 73.2M |