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 | -$1.99 | -$1.34 | +32.7% | — | $44.7M | — |
| Q1 26 | -$1.96 | -$1.37 | +30.1% | — | $40.8M | — |
| Q4 25 | -$2.53 | -$2.44 | +3.6% | — | $43.6M | — |
| Q3 25 | -$3.26 | -$2.46 | +24.5% | — | $36.2M | — |
| Q2 25 | -$3.56 | -$3.18 | +10.7% | — | $35.5M | — |
| Q1 25 | -$3.8 | -$3.1 | +18.4% | — | $31.8M | — |
| Q4 24 | -$4.97 | -$2.89 | +41.9% | — | $38.3M | — |
| Q3 24 | -$6.43 | -$3.5 | +45.6% | — | $28.7M | — |
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 | — | -$11.1 | — | — | $147.2M | — |
| FY24 | — | -$63.5 | — | — | $125.6M | — |
| FY23 | — | -$41.3 | — | — | $93.1M | — |
| FY22 | — | -$173.9 | — | — | $55.5M | — |
| FY19 | — | -$7.89 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $55.5M | $93.1M | $125.6M | $147.2M |
| YoY change | — | 0% | — | +67.6% | +34.9% | +17.2% |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 55.5M | 93.1M | 125.6M | 147.2M |
| Cost of revenue | — | — | 172M | 188.7M | 203.6M | 209.7M |
| Gross profit | — | — | -116.4M | -95.6M | -78M | -62.6M |
| Gross margin | — | — | -209.6% | -102.7% | -62.1% | -42.5% |
| Research & development | 223.2M | 167.1M | 329.6M | 338.7M | 322.4M | 195.8M |
| Selling, general & administrative | 64.3M | 88.6M | 296.4M | 362.6M | 367.8M | 275.8M |
| Operating expenses | 287.5M | 255.7M | 626M | 701.3M | 690.2M | 471.6M |
| Operating income | -287.5M | -255.7M | -742.5M | -796.9M | -768.2M | -534.2M |
| Operating margin | — | — | -1.3K% | -855.9% | -611.7% | -363% |
| Non-operating income, net | -287K | -1.8M | -4.7B | -718.7M | -1.4B | -29M |
| Pretax income | -275.2M | -245.1M | -5.4B | -1.5B | -2.2B | -534.5M |
| Income tax | 485K | -195K | -42.3M | -224M | -135.4M | -126.2M |
| Net income | -275.7M | -244.9M | -5.4B | -1.3B | -2B | -408.4M |
| Net margin | — | — | -9.7K% | -1.4K% | -1.6K% | -277.5% |
| EBITDA | -273.4M | -245.4M | 4.1B | 80.2M | 810.8M | -349.8M |
| EPS | -8.88 | -7.89 | -173.9 | -41.3 | -63.5 | -11.1 |
| Diluted EPS | -8.88 | -7.89 | -173.9 | -41.3 | -63.5 | -11.1 |
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 | 20.7M | 30.3M | 26.7M | 32M | 28.7M | 38.3M | 31.8M | 35.5M | 36.2M | 43.6M | 40.8M | 44.7M |
| Cost of revenue | 47.8M | 49M | 48.6M | 49.9M | 50.9M | 54.2M | 51.8M | 53.3M | 49.9M | 54.7M | 55.1M | 57.3M |
| Gross profit | -27.1M | -18.6M | -21.9M | -17.9M | -22.2M | -16M | -19.9M | -17.8M | -13.7M | -11.1M | -14.3M | -12.6M |
| Gross margin | -130.6% | -61.5% | -82% | -56% | -77.6% | -41.7% | -62.6% | -50% | -37.9% | -25.5% | -35.1% | -28.1% |
| Research & development | 80.1M | 84.1M | 101.6M | 94.2M | 78.2M | 48.3M | 53.6M | 46.6M | 48.6M | 46.9M | 48M | 47.4M |
| Selling, general & administrative | 86.8M | 91.9M | 104.7M | 108.2M | 83M | 72.6M | 80.1M | 66.5M | 62.9M | 66.4M | 73.4M | 88.4M |
| Operating expenses | 166.9M | 175.9M | 206.4M | 202.4M | 161.3M | 121M | 133.7M | 113.1M | 111.6M | 113.3M | 121.5M | 135.8M |
| Operating income | -193.9M | -194.6M | -228.3M | -220.4M | -183.5M | -136.9M | -153.6M | -130.9M | -125.3M | -124.4M | -135.8M | -148.4M |
| Operating margin | -935.8% | -641.7% | -854.3% | -689.3% | -640.5% | -358% | -482.5% | -368.1% | -346.2% | -285.4% | -332.9% | -332% |
| Non-operating income, net | -718.7M | 213K | 42K | -1.4B | -561K | 578K | -584K | -28.8M | 466K | -64K | 256K | -25.6M |
| Pretax income | -910.1M | -193M | -225.3M | -1.6B | -172.4M | -127M | -146.4M | -152.9M | -118.7M | -116.5M | -127.5M | -166.7M |
| Income tax | -18.6M | -187.5M | -59M | -53.1M | -46.7M | -29.9M | -40.2M | -38.9M | -29.7M | -17.3M | -34.3M | -56.5M |
| Net income | -891.4M | -5.5M | -166.4M | -1.6B | -125.7M | -97.1M | -106.2M | -114M | -89M | -99.2M | -93.2M | -110.2M |
| Net margin | -4.3K% | -18.1% | -622.6% | -5K% | -438.7% | -253.8% | -333.6% | -320.7% | -245.8% | -227.5% | -228.5% | -246.7% |
| EBITDA | 564.3M | -154.7M | -188.3M | 1.2B | -144.3M | -97.5M | -114.3M | -63.7M | -86.3M | -85.5M | -97M | -84.2M |
| EPS | -28.7 | — | -5.36 | -51.1 | -3.94 | -2.89 | -3.1 | -3.18 | -2.46 | -2.44 | -2.29 | -2.56 |
| Diluted EPS | -28.7 | — | -5.36 | -51.1 | -3.94 | -2.89 | -3.1 | -3.18 | -2.46 | -2.44 | -2.29 | -2.56 |
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 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 5.9B |
| Enterprise value | — | — | — | — | — | — | 4.9B |
| Shares outstanding | 31.1M | 31.1M | 31.1M | 31.1M | 31.9M | 36.8M | 36.8M |
| Metric | FY18 | FY19 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -11.9 |
| P/S | — | — | — | — | — | — | 34.3 |
| P/B | — | — | — | — | — | — | 2.23 |
| EV/EBITDA | — | — | — | — | — | — | -12.9 |
| EV/Sales | — | — | — | — | — | — | 29.6 |
| Earnings yield | — | — | — | — | — | — | -8.38% |
| FCF yield | — | — | — | — | — | — | -1.75% |
| PEG | — | — | — | — | — | — | 0.61 |
| Metric | FY18 | FY19 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | -209.6% | -102.7% | -62.1% | -42.5% | -28.1% |
| Operating margin | — | — | -1.3K% | -855.9% | -611.7% | -363% | -332% |
| Net margin | — | — | -9.7K% | -1.4K% | -1.6K% | -277.5% | -236.9% |
| ROE | 27.5% | 20.2% | -116.2% | -35.2% | -81% | -15.8% | -16.1% |
| ROA | -40.1% | -38.5% | -109.3% | -32.8% | -67.9% | -14% | -12% |
| ROIC | 17.5% | 14.9% | -16.5% | -21.9% | -42.5% | -30.9% | -30.1% |
| Return on tangible assets | -40.1% | -38.5% | 137.5% | 39.6% | 193% | 52.4% | 54.5% |
| Metric | FY18 | FY19 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 8.75 | 12.4 | 2.19 | 0.95 | 10.7 | 12 | 10.9 |
| Quick ratio | 8.75 | 12.4 | 2.04 | 0.82 | 10.4 | 11.8 | 10.7 |
| Debt / equity | -0 | -0.03 | 0.02 | 0.02 | 0.03 | 0.02 | 0.04 |
| Debt / assets | 0 | 0.06 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 |
| Net debt / EBITDA | 2.34 | 2.05 | -0.04 | -0.16 | -0.86 | 2.43 | 2.18 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 1.79 | 3 | 3.94 | 4 | 4.11 |
| EPS (basic) | -8.88 | -7.89 | -173.9 | -41.3 | -63.5 | -11.1 | -11.1 |
| EPS (diluted) | -8.88 | -7.89 | -173.9 | -41.3 | -63.5 | -11.1 | -9.69 |
| Book value per share | -32.3 | -39 | 149.6 | 117.4 | 78.5 | 70.1 | 56.9 |
| FCF per share | -7.25 | -8.02 | -18.8 | -19.6 | -18.3 | -8.16 | -6.87 |
| Cash per share | 20.7 | 17.5 | 7.78 | 3.13 | 23.9 | 24.6 | 19.3 |
| Capex per share | 0.5 | 0.1 | 0.74 | 0.42 | 0.16 | — | — |
| Metric | FY18 | FY19 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 41.2% | 13.8% | 4.15% | — | — |
| Capex / operating cash flow | -6.18% | -1.54% | -0.43% | -0.98% | -0.26% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY18 | — | -$8.88 | — | — | $0 | — |
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $20.7M | $30.3M | $26.7M | $32M | $28.7M | $38.3M | $31.8M | $35.5M | $36.2M | $43.6M | $40.8M | $44.7M |
| YoY change | — | — | +36% | +42.6% | +38.3% | +26.1% | +19.1% | +11.2% | +26.3% | +14% | +28.1% | +25.7% |
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 | FY18 | FY19 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 641.4M | 544.3M | 241.6M | 97.3M | 763.5M | 904.4M |
| Receivables | — | — | 15.3M | 16.9M | 20.3M | 18.3M |
| Inventory | — | — | 19.8M | 21.7M | 18.6M | 16M |
| Total current assets | 649.2M | 557.5M | 295.6M | 156.1M | 819.9M | 953.8M |
| Property, plant & equipment | 33M | 59.5M | 198.7M | 169.4M | 135.4M | 103.9M |
| Goodwill & intangibles | — | — | 8.9B | 7.2B | 4B | 3.7B |
| Total assets | 686.8M | 635.5M | 4.9B | 3.9B | 3B | 2.9B |
| Accounts payable | 12.4M | 5.9M | 15.2M | 18.8M | 4.8M | 2.1M |
| Short-term debt | — | 4.6M | 13.3M | 14.8M | 13.3M | 11.7M |
| Total current liabilities | 74.2M | 44.9M | 134.9M | 163.6M | 76.9M | 79.7M |
| Long-term debt | 800K | 36.6M | 82.7M | 69.6M | 54.9M | 43.1M |
| Total liabilities | 1.7B | 1.8B | 291.8M | 267.6M | 479.9M | 344.2M |
| Shareholders' equity | -1B | -1.2B | 4.6B | 3.6B | 2.5B | 2.6B |
| Total debt | 800K | 41.2M | 96M | 84.4M | 68.1M | 54.9M |
| Net debt | -94.3M | -101.9M | -145.6M | -12.9M | -146.1M | -194.9M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 97.3M | 974.1M | 958.8M | 853.6M | 763.5M | 674.6M | 602.8M | 540.1M | 904.4M | 823.1M | 861.6M |
| Receivables | 16.9M | 15M | 13.4M | 15.2M | 20.3M | 19.3M | 16.3M | 16.3M | 18.3M | 20.3M | 19.8M |
| Inventory | 21.7M | 21.6M | 25.5M | 21.2M | 18.6M | 18.7M | 19.7M | 18.4M | 16M | 17.2M | 17.8M |
| Total current assets | 156.1M | 1B | 1B | 909.7M | 819.9M | 727.7M | 651.8M | 589.4M | 953.8M | 877.3M | 914.7M |
| Property, plant & equipment | 169.4M | 160.8M | 152.5M | 144.5M | 135.4M | 126.9M | 120.2M | 112.2M | 103.9M | 95.9M | 133.3M |
| Goodwill & intangibles | 7.2B | 7.1B | 4.2B | 4.1B | 4B | 4B | 3.8B | 3.8B | 3.7B | 3.6B | 3.6B |
| Total assets | 3.9B | 4.7B | 3.3B | 3.1B | 3B | 2.8B | 2.7B | 2.6B | 2.9B | 2.8B | 2.8B |
| Accounts payable | 18.8M | 8.8M | 16.2M | 7.3M | 4.8M | 5.8M | 6.3M | 3.4M | 2.1M | 4.7M | 7.2M |
| Short-term debt | 14.8M | 14M | 13.9M | 13.5M | 13.3M | 13M | 13.7M | 14M | 11.7M | 9.9M | 10.7M |
| Total current liabilities | 163.6M | 107M | 88.2M | 94.3M | 76.9M | 75M | 70.6M | 77.4M | 79.7M | 74.7M | 83.5M |
| Long-term debt | 69.6M | 66M | 62.2M | 58.7M | 54.9M | 51.3M | 48.5M | 44.6M | 43.1M | 41.1M | 80.6M |
| Total liabilities | 267.6M | 756.2M | 574.5M | 530.3M | 479.9M | 433.9M | 387.9M | 361.1M | 344.2M | 302.8M | 301M |
| Shareholders' equity | 3.6B | 4B | 2.7B | 2.6B | 2.5B | 2.4B | 2.3B | 2.2B | 2.6B | 2.5B | 2.5B |
| Total debt | 84.4M | 79.9M | 76.1M | 72.2M | 68.1M | 64.3M | 62.2M | 58.6M | 54.9M | 51M | 91.3M |
| Net debt | -12.9M | -894.2M | -882.7M | -781.4M | -146.1M | -69.6M | -65.3M | -68.3M | -194.9M | -18.3M | 35.7M |
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 | FY18 | FY19 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -275.7M | -244.9M | -5.4B | -1.5B | -2B | -408.4M |
| Depreciation & amortization | 14.1M | 10.3M | 154.8M | 158.7M | 158.1M | 156.3M |
| Stock-based compensation | 11M | 28.4M | 75.7M | 97.2M | 86.1M | 58.3M |
| Change in working capital | -338K | -4.7M | -15.5M | 6.3M | -13.2M | 2.6M |
| Operating cash flow | -250.9M | -210.9M | -5.3B | -1.3B | -2B | -299M |
| Capital expenditure | -15.5M | -3.3M | -22.9M | -12.9M | -5.2M | — |
| Investing cash flow | -93.4M | 133M | -22.9M | -12.9M | -551M | -84.1M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 297.8M | 157.3M | 604.8M | 463.8M | 1.2B | 418.8M |
| Net change in cash | -46.6M | 79.5M | -4.7B | -864.8M | -1.3B | 35.6M |
| Free cash flow | -225.2M | -249.1M | -584.2M | -608.7M | -582.4M | -299.9M |
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 | -891.4M | -187.5M | -218.9M | -1.6B | -125.7M | -97.1M | -106.2M | -114M | -89M | -99.2M | -93.2M | -110.2M |
| Depreciation & amortization | 39.8M | 39.9M | 40M | 39.4M | 39.2M | 39.4M | 39.3M | 39.2M | 39M | 38.9M | 38.8M | 38.7M |
| Stock-based compensation | 25.3M | 24.9M | 29.1M | 25.9M | 17.4M | 13.6M | 16.2M | 14.2M | 14.1M | 13.8M | 16.8M | 19.6M |
| Change in working capital | -1.9M | 7.7M | -5.1M | 3.1M | -6.4M | -4.7M | 1.8M | 2.6M | -1.2M | -696K | -659K | 1.6M |
| Operating cash flow | -884.4M | -130.2M | -202.6M | -1.6B | -121.9M | -78.7M | -88.6M | -77M | -63.2M | -63.8M | -87M | -80.7M |
| Capital expenditure | -3.1M | -3.9M | -2.5M | -1.4M | -971K | -303K | -62K | — | — | — | — | — |
| Investing cash flow | -3.1M | -3.9M | -2.5M | -1.4M | -971K | -303K | 14.6M | 70.7M | 67.1M | -236.6M | -92.9M | -46.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 74M | 86M | 312M | 932.3M | 0 | 0 | — | — | — | — | — | — |
| Net change in cash | -813.5M | -48.1M | 106.9M | -649.7M | -122.9M | -79M | -74M | -6.2M | 3.8M | -300.4M | -179.9M | -126.9M |
| Free cash flow | -160.6M | -132.8M | -209.8M | -173.2M | -105.6M | -93.8M | -95.1M | -77.3M | -63.6M | -63.9M | -87.5M | -81.2M |