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 27 | $0.18 | $0.24 | +33.3% | — | $286.3M | — |
| Q1 27 | $0.2 | $0.23 | +15.0% | — | $264.2M | — |
| Q4 26 | $0.23 | $0.3 | +30.4% | — | $260.4M | — |
| Q3 26 | $0.2 | $0.25 | +25.0% | — | $244.4M | — |
| Q2 26 | $0.16 | $0.24 | +50.0% | — | $236M | — |
| Q1 26 | $0.15 | $0.17 | +13.3% | — | $214.5M | — |
| Q4 25 | $0.23 | $0.33 | +43.5% | — | $211.4M | — |
| Q3 25 | $0.16 | $0.23 | +43.8% | — | $196M | — |
| Q2 25 | $0.1 | $0.15 | +50.0% | — | $182.6M | — |
| Q1 25 | -$0.04 | $0.03 | +175.0% | — | $169.2M | — |
| Q4 24 | $0.08 | $0.15 | +87.5% | — | $163.8M | — |
| Q3 24 | -$0.01 | $0.09 | +1000.0% | — | $149.7M | — |
| Q2 24 | -$0.03 | $0.01 | +133.3% | — | $139.6M | — |
| Q1 24 | -$0.14 | -$0.06 | +57.1% | — | $126.9M | — |
| Q4 23 | -$0.14 | -$0.03 | +78.6% | — | $122.9M | — |
| Q3 23 | -$0.15 | -$0.1 | +33.3% | — | $113M | — |
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 % |
|---|---|---|---|---|---|---|
| FY26 | — | -$0.34 | — | — | $955.2M | — |
| FY25 | — | -$0.02 | — | — | $759.2M | — |
| FY24 | — | -$2.75 | — | — | $579.9M | — |
| FY23 | — | -$1.16 | — | — | $424.3M | — |
| FY22 | — |
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 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | $81.2M | $152.2M | $252.7M | $424.3M | $579.9M | $759.2M | $955.2M |
| YoY change | — | +87.3% | +66% | +68% | +36.7% | +30.9% | +25.8% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 81.2M | 152.2M | 252.7M | 424.3M | 579.9M | 759.2M | 955.2M |
| Cost of revenue | 9.4M | 18.5M | 30M | 51.7M | 59.7M | 85.1M | 120.7M |
| Gross profit | 71.9M | 133.7M | 222.7M | 372.7M | 520.2M | 674.1M | 834.5M |
| Gross margin | 88.5% | 87.9% | 88.1% | 87.8% | 89.7% | 88.8% | 87.4% |
| Research & development | 59.4M | 106.6M | 97.2M | 156.1M | 200.8M | 239.7M | 274.6M |
| Selling, general & administrative | 140.9M | 241M | 254.4M | 427.9M | 506.8M | 577.2M | 630.4M |
| Operating expenses | 200.2M | 347.6M | 351.6M | 584.1M | 707.6M | 816.8M | 905M |
| Operating income | -128.4M | -213.9M | -129M | -211.4M | -187.4M | -142.7M | -70.5M |
| Operating margin | -158% | -140.6% | -51% | -49.8% | -32.3% | -18.8% | -7.38% |
| Non-operating income, net | -4.8M | 23.5M | -30.9M | 21.6M | -11.8M | 9.2M | -23.3M |
| Pretax income | -129.5M | -189.4M | -159.1M | -175.3M | -160.2M | -85.8M | -48.1M |
| Income tax | 1.2M | 2.8M | -1.5M | 2.9M | 264.1M | -76.7M | 10.5M |
| Net income | -130.7M | -192.2M | -157.6M | -180.7M | -428M | -9.1M | -58.6M |
| Net margin | -161% | -126.3% | -62.4% | -42.6% | -73.8% | -1.2% | -6.13% |
| EBITDA | -128.4M | -213.7M | -98.6M | -228M | -168.9M | -141.1M | -39.7M |
| EPS | -0.99 | -1.45 | -1.95 | -1.16 | -2.75 | -0.02 | -0.34 |
| Diluted EPS | -0.99 | -1.45 | -1.95 | -1.16 | -2.75 | -0.02 | -0.34 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 149.7M | 163.8M | 169.2M | 182.6M | 196M | 211.4M | 214.5M | 236M | 244.4M | 260.4M | 264.2M | 286.3M |
| Cost of revenue | 15.1M | 16M | 18.8M | 21.4M | 22.1M | 22.9M | 25M | 28.5M | 32.2M | 35M | 37.5M | 45.6M |
| Gross profit | 134.6M | 147.8M | 150.4M | 161.2M | 173.9M | 188.6M | 189.5M | 207.5M | 212.1M | 225.4M | 226.7M | 240.6M |
| Gross margin | 89.9% | 90.2% | 88.9% | 88.3% | 88.7% | 89.2% | 88.3% | 87.9% | 86.8% | 86.6% | 85.8% | 84.1% |
| Research & development | 49.1M | 52.4M | 54.1M | 61.3M | 61.4M | 62.9M | 65.4M | 71.5M | 68.7M | 69M | 71.5M | 95M |
| Selling, general & administrative | 125.8M | 130.3M | 149.9M | 140.9M | 141.3M | 145M | 158.7M | 154.3M | 155.8M | 161.6M | 170.9M | 202.6M |
| Operating expenses | 174.9M | 182.7M | 204.1M | 202.2M | 202.7M | 207.9M | 224.1M | 225.8M | 224.5M | 230.6M | 242.4M | 297.6M |
| Operating income | -40.3M | -34.9M | -53.6M | -41M | -28.7M | -19.3M | -34.6M | -18.4M | -12.4M | -5.2M | -15.7M | -56.9M |
| Operating margin | -26.9% | -21.3% | -31.7% | -22.5% | -14.7% | -9.15% | -16.1% | -7.78% | -5.06% | -1.98% | -5.96% | -19.9% |
| Non-operating income, net | 569K | -11.3M | -567K | 1M | 5M | 3.7M | -10M | -911K | -6.3M | -6.1M | 255K | 5.4M |
| Pretax income | -28.8M | -34.4M | -42.2M | -27.1M | -11.2M | -5.3M | -33.7M | -7.8M | -7M | 391K | -3.5M | -39.3M |
| Income tax | 256.8M | 1.8M | 12.7M | -39.4M | -39.4M | -10.5M | 2.5M | 2.2M | 1.8M | 3.9M | 2M | -3.2M |
| Net income | -286.4M | -37.6M | -54.9M | 12.3M | 28.3M | 5.2M | -36.3M | -10M | -8.8M | -3.5M | -5.6M | -36.1M |
| Net margin | -191.3% | -22.9% | -32.4% | 6.72% | 14.4% | 2.47% | -16.9% | -4.24% | -3.6% | -1.35% | -2.11% | -12.6% |
| EBITDA | -39.1M | -21.8M | -51M | -38.8M | -30.6M | -20.7M | -22.1M | -14.5M | -7.1M | 4M | -13M | -55.4M |
| EPS | -1.84 | -0.23 | -0.35 | 0.08 | 0.18 | 0.07 | -0.22 | -0.06 | -0.05 | -0.02 | -0.03 | -0.22 |
| Diluted EPS | -1.84 | -0.23 | -0.35 | 0.08 | 0.18 | 0.06 | -0.22 | -0.06 | -0.05 | -0.02 | -0.03 | -0.22 |
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 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 11B | 11.7B | 5.8B | 7.7B |
| Enterprise value | — | — | — | — | 9.9B | 10.7B | 4.6B | 6.6B |
| Shares outstanding | 132.5M | 132.5M | 79.8M | 148.4M | 154.3M | 160.6M | 166.8M | 166.8M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 521.2 |
| P/S | — | — | — | — | 18.9 | 15.4 | 6.11 | 7.3 |
| P/B | — | — | — | — | 17.8 | 14.2 | 5.63 | 8.35 |
| EV/EBITDA | — | — | — | — | -58.8 | -75.8 | -115.3 | -111 |
| EV/Sales | — | — | — | — | 17.1 | 14.1 | 4.79 | 6.25 |
| Earnings yield | — | — | — | — | — | — | — | 0.19% |
| FCF yield | — | — | — | — | 0.3% | -0.58% | 3.81% | 3.72% |
| PEG | — | — | — | — | — | — | — | 1.95 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 88.5% | 87.9% | 88.1% | 87.8% | 89.7% | 88.8% | 87.4% | 84.1% |
| Operating margin | -158% | -140.6% | -51% | -49.8% | -32.3% | -18.8% | -7.38% | -11.5% |
| Net margin | -161% | -126.3% | -62.4% | -42.6% | -73.8% | -1.2% | -6.13% | -4.99% |
| ROE | 97% | 83.1% | -19.7% | -21.9% | -69.3% | -1.11% | -5.65% | -5.74% |
| ROA | -33.4% | -53% | -14.4% | -15.5% | -32.5% | -0.65% | -3.4% | -2.53% |
| ROIC | 26.9% | 41.6% | 95.2% | 190.8% | 44.8% | 83.6% | 31.5% | 31.6% |
| Return on tangible assets | -33.4% | -53.2% | -14.8% | -15.8% | -33% | -0.68% | -3.51% | -3.34% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.94 | 2.74 | 4.35 | 3.65 | 1.93 | 2.45 | 2.54 | 2.41 |
| Quick ratio | 4.94 | 2.74 | 4.35 | 3.65 | 1.93 | 2.45 | 2.54 | 2.41 |
| Debt / equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt / assets | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Net debt / EBITDA | — | — | 9.48 | 4.1 | 6.13 | 7.03 | 31.8 | 21.2 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.61 | 1.15 | 3.17 | 2.86 | 3.76 | 4.73 | 5.73 | 6.25 |
| EPS (basic) | -0.99 | -1.45 | -1.95 | -1.16 | -2.75 | -0.02 | -0.34 | -0.34 |
| EPS (diluted) | -0.99 | -1.45 | -1.95 | -1.16 | -2.75 | -0.02 | -0.34 | -0.32 |
| Book value per share | -1.02 | -1.75 | 10 | 5.56 | 4.01 | 5.11 | 6.21 | 5.53 |
| FCF per share | -0.45 | -0.56 | -0.67 | -0.56 | 0.22 | -0.42 | 1.33 | 1.27 |
| Cash per share | 2.59 | 2.13 | 11.7 | 6.31 | 6.72 | 6.18 | 7.55 | 7.54 |
| Capex per share | 0 | 0 | 0.04 | 0.04 | 0.01 | 0.02 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0% | 0% | 1.4% | 1.43% | 0.28% | 0.5% | — | — |
| Capex / operating cash flow | 0% | 0% | -3.7% | -16.4% | -0.76% | 1.86% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| -$1.95 |
| — |
| — |
| $252.7M |
| — |
| FY21 | — | -$1.45 | — | — | $152.2M | — |
| FY20 | — | -$0.99 | — | — | $81.2M | — |
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 26 |
|---|
| Q4 26 |
|---|
| Q1 27 |
|---|
| Q2 27 |
|---|
| Revenue | $149.7M | $163.8M | $169.2M | $182.6M | $196M | $211.4M | $214.5M | $236M | $244.4M | $260.4M | $264.2M | $286.3M |
| YoY change | +32.5% | +33.3% | +33.3% | +30.8% | +31% | +29.1% | +26.8% | +29.2% | +24.6% | +23.2% | +23.1% | +21.3% |
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 | FY26 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 343.3M | 282.9M | 934.7M | 936.7M | 1B | 992.4M | 1.3B |
| Receivables | 24.8M | 39.7M | 77.2M | 130.5M | 166.7M | 264.6M | 304.3M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 384.5M | 348.5M | 1.1B | 1.1B | 1.3B | 1.3B | 1.7B |
| Property, plant & equipment | — | — | 3.3M | 6.8M | 3.4M | 4.4M | 11.8M |
| Goodwill & intangibles | 0 | 1.6M | 28.9M | 24.1M | 19.8M | 67.9M | 54.3M |
| Total assets | 391.8M | 362.6M | 1.1B | 1.2B | 1.3B | 1.4B | 1.7B |
| Accounts payable | 1.7M | 3.1M | 5M | 5.2M | 1.7M | 7.5M | 9.2M |
| Short-term debt | — | — | — | 716K | 410K | 275K | 187K |
| Total current liabilities | 77.8M | 127.2M | 241.6M | 306.3M | 662.1M | 545M | 652.1M |
| Long-term debt | — | — | 0 | 413K | 0 | 117K | — |
| Total liabilities | 526.6M | 593.8M | 292.2M | 344.5M | 699.9M | 578M | 686.5M |
| Shareholders' equity | -134.7M | -231.2M | 799.3M | 824.7M | 617.9M | 821.3M | 1B |
| Total debt | — | — | 0 | 1.1M | 410K | 392K | 187K |
| Net debt | — | — | -884.7M | -294.3M | -287.6M | -227.3M | -229.4M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 989.6M | 1B | 1.1B | 1.1B | 917M | 992.4M | 1.1B | 1.2B | 1.2B | 1.3B | 1.4B | 1.3B |
| Receivables | 135.6M | 166.7M | 135.2M | 165M | 197.6M | 264.6M | 201.4M | 197.8M | 221.1M | 304.3M | 200.3M | 257.3M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.2B | 1.3B | 1.3B | 1.3B | 1.2B | 1.3B | 1.4B | 1.4B | 1.5B | 1.7B | 1.6B | 1.6B |
| Property, plant & equipment | 4.2M | 3.4M | 3.4M | 3.4M | 4M | 4.4M | 5.2M | 8M | — | 11.8M | — | — |
| Goodwill & intangibles | 20.8M | 19.8M | 65.4M | 75.8M | 71.3M | 67.9M | 63.7M | 60.9M | 57.4M | 54.3M | 51.1M | 46.4M |
| Total assets | 1.2B | 1.3B | 1.3B | 1.4B | 1.3B | 1.4B | 1.4B | 1.5B | 1.6B | 1.7B | 1.7B | 1.7B |
| Accounts payable | 5M | 1.7M | 3.2M | 3.2M | 2.2M | 7.5M | 11.3M | 11.4M | 9.2M | 9.2M | 8.8M | 10M |
| Short-term debt | 522K | 410K | 371K | 324K | 256K | 275K | — | — | — | 187K | — | — |
| Total current liabilities | 585.9M | 662.1M | 674.5M | 666.8M | 464.5M | 545M | 556.4M | 553.4M | 565.8M | 652.1M | 643M | 662.3M |
| Long-term debt | 54K | 0 | — | — | — | 117K | — | — | — | — | — | — |
| Total liabilities | 633.7M | 699.9M | 707.3M | 688.3M | 482.4M | 578M | 589.4M | 586.6M | 602.8M | 686.5M | 674.1M | 690.3M |
| Shareholders' equity | 593.2M | 617.9M | 614.4M | 688M | 770.2M | 821.3M | 852.6M | 911.6M | 968M | 1B | 1B | 971.5M |
| Total debt | 576K | 410K | 371K | 324K | 256K | 392K | — | — | — | 187K | — | — |
| Net debt | -284.7M | -287.6M | -420M | -438.3M | -176.4M | -227.3M | — | — | — | -229.4M | — | — |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Net income | -130.7M | -192.2M | -157.6M | -180.7M | -428M | -9.1M | -58.6M |
| Depreciation & amortization | 0 | 222K | 1.2M | 5.6M | 6.5M | 11M | 11.3M |
| Stock-based compensation | 40.9M | 111.8M | 30M | 122.6M | 163M | 185.9M | 215M |
| Change in working capital | 13.9M | 5.9M | -2.9M | -28.9M | -8.6M | -51.5M | 557K |
| Operating cash flow | -67.9M | -55.3M | -95.7M | -37M | -211.6M | 202.5M | 232.9M |
| Capital expenditure | 0 | 0 | -3.5M | -6.1M | -1.6M | -3.8M | — |
| Investing cash flow | 0 | -842K | -53.9M | -605.7M | -86.2M | -30.5M | -256.5M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | 0 | -820K | -590K | 0 | 0 | — | — |
| Financing cash flow | 268.2M | -820K | 675.7M | 58.6M | 0 | -4.9M | -945K |
| Net change in cash | 200.3M | -57M | 526.2M | -584.1M | -297.8M | 167.1M | -24.5M |
| Free cash flow | -60.2M | -73.6M | -53.4M | -83.5M | 33.4M | -67.7M | 222M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -286.4M | -37.6M | -54.9M | 12.9M | 28.9M | 5.2M | -36.3M | -10M | -8.8M | -3.5M | -5.6M | -36.1M |
| Depreciation & amortization | 1.6M | 1.6M | 2M | 3.1M | 3.2M | 2.7M | 2.6M | 2.8M | 2.9M | 3.1M | 3.3M | 3.4M |
| Stock-based compensation | 41.3M | 43M | 42.3M | 49M | 48M | 46.6M | 55.8M | 54.3M | 51.7M | 53.2M | 50.1M | 75M |
| Change in working capital | -11.6M | -15.4M | 21.8M | -33.9M | -30.9M | -8.4M | 63M | -485K | -33M | -29M | 78.9M | -53.4M |
| Operating cash flow | -241.4M | 7.7M | 25.7M | 49.4M | 65.3M | 63.3M | 101M | 49.4M | 31.4M | 45.8M | 149.2M | -3.1M |
| Capital expenditure | -736K | -329K | -700K | -851K | -1.1M | -1.2M | -912K | — | — | — | — | — |
| Investing cash flow | 14.6M | -35.8M | 89.4M | 1.7M | -92.8M | -21.9M | -81.9M | -53.7M | -72.7M | -49.1M | 6.5M | -9.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | -50M | -104.6M |
| Financing cash flow | — | — | — | — | — | 0 | — | — | — | -416K | -50.2M | -105.4M |
| Net change in cash | -226.9M | -28.1M | 115.1M | 51.1M | -27.4M | 41.4M | 19.1M | -4.3M | -41.3M | -3.7M | 105.5M | -117.8M |
| Free cash flow | -6.7M | 24.5M | 37.4M | 10.8M | -178.1M | 62.1M | 105.4M | 46.5M | 28.4M | 41.8M | 146.8M | -3.3M |