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 25 | -$0.05 | -$0.07 | -40.0% | — | $0 | — |
| Q1 25 | -$0.06 | -$0.04 | +33.3% | — | $0 | — |
| Q3 24 | -$0.07 | -$0.11 | -57.1% | — | $0 | — |
| Q2 24 | -$0.22 | $0.3 | +236.4% | — | $0 | — |
| Q3 22 | -$0.48 | -$0.55 | -14.6% | — | — | — |
| Q2 22 | — | -$1.54 | — | — | — | — |
| Q1 22 | -$0.51 | -$0.7 | -37.3% | — | — | — |
| Q4 21 | — | -$3.53 | — | — | — | — |
| Q3 21 | -$0.51 | -$0.86 | -68.6% | — | — | — |
| Q2 21 | — | -$1.54 | — | — | — | — |
| Q1 21 | $0.71 | $0.56 | -21.1% | — | — | — |
| Q4 20 | — | $1.24 | — | — | $236.1M | — |
| Q2 20 | -$0.53 | -$0.8 | -50.9% | — | — | — |
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 % |
|---|---|---|---|---|---|---|
| FY24 | — | -$0.28 | — | — | $0 | — |
| FY23 | — | -$2.51 | — | — | $632K | — |
| FY22 | — | -$4.24 | — | — | -$32.1M | — |
| FY21 | — | -$4.82 | — | — | $13.8M | — |
| FY20 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8M | $7.8M | $4.3M | $236.1M | $13.8M | -$32.1M | $632K | $0 |
| YoY change | — | +341.7% | -45.2% | +5.4K% | -94.2% | -332.5% | +102% | -100% |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.8M | 7.8M | 4.3M | 236.1M | 13.8M | -32.1M | 632K | 0 |
| Cost of revenue | — | — | 0 | 0 | 7.3M | 3.9M | 0 | — |
| Gross profit | — | — | 4.3M | 236.1M | 6.5M | -36.1M | 3.9M | — |
| Gross margin | — | — | 100% | 100% | 47.3% | 112.3% | 617.1% | — |
| Research & development | 40.9M | 61.9M | 120.1M | 150.7M | 190.3M | 131.2M | 21.4M | 21.8M |
| Selling, general & administrative | 3.9M | 9.7M | 93.6M | 61.6M | 141.2M | 118.2M | 28.2M | 29.7M |
| Operating expenses | 44.8M | 71.5M | 213.6M | 210.2M | 329.7M | 245.3M | 48.4M | 50.2M |
| Operating income | -43M | -63.7M | -209.3M | 26M | -323.1M | -281.4M | -47.8M | -50.2M |
| Operating margin | -2.4K% | -814.2% | -4.9K% | 11% | -2.3K% | 876.1% | -7.6K% | — |
| Non-operating income, net | -1.9M | 6.4M | -2.2M | 44.4M | -46.5M | -85.9M | -43.7M | -7M |
| Pretax income | -45.7M | -58.3M | -207.5M | 74M | -366.3M | -363.3M | -82.2M | -49.7M |
| Income tax | 0 | 250.3K | 0 | 1.9M | -494.8K | 101K | 0 | 0 |
| Net income | -45.7M | -58.6M | -207.5M | 72.1M | -365.8M | -363.4M | -207.7M | -22.2M |
| Net margin | -2.6K% | -749% | -4.8K% | 30.5% | -2.6K% | 1.1K% | -32.9K% | — |
| EBITDA | -42.7M | -62.7M | -202.7M | 16.4M | -372.3M | -331.6M | -14.5M | -43.8M |
| EPS | -1.03 | -1.32 | -3.67 | 1.24 | -4.82 | -4.24 | -2.51 | -0.28 |
| Diluted EPS | -1.03 | -1.32 | -3.67 | 1.06 | -4.82 | -4.24 | -2.51 | -0.28 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 19 | Q3 20 | Q4 20 | Q2 23 | Q3 23 | Q4 23 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 76.6K | 0 | 236.1M | 1.2M | 2.3M | 23.6M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 38.9M | 39.9M | 48.4M | 31.1M | 37.2M | 728.6M | 3.1M | 4.5M | 6M | 777K | 3.3M | 3.2M |
| Selling, general & administrative | 11.8M | 21.4M | 16.1M | 57.4M | 42.9M | 317.3M | 11.9M | 7.9M | 7.3M | 4.5M | 3.8M | 5.8M |
| Operating expenses | 50.6M | 61.3M | 63.9M | 88.5M | 80M | 1B | 15M | 12.4M | 13.4M | 5.3M | 7.1M | 9M |
| Operating income | -50.5M | -59.7M | 172.2M | -87.4M | -77.7M | -1B | -15M | -12.4M | -12.1M | -5.3M | -7.1M | -9M |
| Operating margin | -66K% | — | 72.9% | -7.6K% | -3.4K% | -4.3K% | — | — | — | — | — | — |
| Non-operating income, net | -3.2M | 58.3M | -15.7M | -133.4M | -511.8K | -157.3M | 6.3M | -10.5M | -943K | 244K | -190K | 14K |
| Pretax income | -52.6M | -1.4M | 157.5M | -199.8M | -60.1M | -1.2B | -6.8M | -20.5M | -10.8M | -3.1M | -5.5M | -6.8M |
| Income tax | 0 | 0 | 1.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -52.6M | -1.4M | 155.7M | -445.6M | -243.1M | -482.5M | 25.1M | -20.5M | -9.1M | -3.1M | -5.5M | -6.8M |
| Net margin | -68.7K% | — | 65.9% | -38.7K% | -10.6K% | -2K% | — | — | — | — | — | — |
| EBITDA | -48.7M | -532.6K | 157.8M | -87.4M | -77.7M | -1.3B | -15M | -12.4M | -11.9M | -5.3M | -7.1M | -8.8M |
| EPS | — | — | — | -0.74 | -0.39 | — | 0.3 | -0.25 | — | -0.05 | -0.07 | — |
| Diluted EPS | — | — | — | -0.74 | -0.39 | — | 0.3 | -0.25 | — | -0.05 | -0.07 | — |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 19.9B | — | 2.5B | 1.1B | — | — |
| Enterprise value | — | — | — | 19.2B | — | 2B | 832.1M | — | — |
| Shares outstanding | 322.8M | 322.8M | 419.3M | 422.9M | 550.7M | 598.3M | 599.9M | 81.2M | 81.2M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | 276.6 | — | — | — | — | — |
| P/S | — | — | — | 84.4 | — | -77.9 | 1.8K | — | — |
| P/B | — | — | — | 23.2 | — | 5.93 | 4.7 | — | — |
| EV/EBITDA | — | — | — | 1.2K | — | -6.07 | -57.4 | — | — |
| EV/Sales | — | — | — | 81.4 | — | -62.6 | 1.3K | — | — |
| Earnings yield | — | — | — | 0.36% | — | — | — | — | — |
| FCF yield | — | — | — | 0.33% | — | -6.66% | -6.39% | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | 100% | 100% | 47.3% | 112.3% | 617.1% | — | — |
| Operating margin | -2.4K% | -814.2% | -4.9K% | 11% | -2.3K% | 876.1% | -7.6K% | — | — |
| Net margin | -2.6K% | -749% | -4.8K% | 30.5% | -2.6K% | 1.1K% | -32.9K% | — | — |
| ROE | 99.5% | 42.2% | 71.4% | 8.37% | -51.1% | -86.2% | -85.6% | -11.1% | -11.1% |
| ROA | -29.1% | -17% | -83.6% | 7.43% | -41.6% | -61.5% | -56.3% | -10.5% | -10.5% |
| ROIC | 42.5% | 16.5% | 47.7% | 19.4% | -521.2% | 417.9% | 73.2% | -158.5% | -158.5% |
| Return on tangible assets | -74.1% | -23% | -130.3% | 8.16% | -46.3% | -71.4% | -61.9% | -10.5% | -10.5% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.54 | 5.88 | 2.31 | 9.28 | 7.66 | 4.78 | 5.67 | 20.9 | 20.9 |
| Quick ratio | 3.54 | 5.88 | 2.31 | 9.28 | 7.62 | 4.78 | 5.67 | 20.9 | 20.9 |
| Debt / equity | -0.71 | -0.15 | -0.07 | 0 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 |
| Debt / assets | 0.21 | 0.06 | 0.08 | 0 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 |
| Net debt / EBITDA | 1.3 | 3.93 | 0.73 | -44.5 | 1.75 | 1.47 | 21.2 | 3.87 | 3.87 |
| Interest coverage | -51.9 | -33.3 | -484.4 | 505.9 | — | -278.6K | -468.9 | — | — |
| Effective tax rate | 0% | 0% | 0% | 2.53% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.01 | 0.02 | 0.01 | 0.56 | 0.03 | -0.05 | 0 | 0 | 0 |
| EPS (basic) | -1.03 | -1.32 | -3.67 | 1.24 | -4.82 | -4.24 | -2.51 | -0.28 | -0.28 |
| EPS (diluted) | -1.03 | -1.32 | -3.67 | 1.06 | -4.82 | -4.24 | -2.51 | -0.28 | -0.28 |
| Book value per share | -0.14 | -0.43 | -0.69 | 2.04 | 1.3 | 0.7 | 0.4 | 2.48 | 2.48 |
| FCF per share | -0.13 | -0.13 | -0.3 | 0.15 | -0.29 | -0.28 | -0.12 | -0.65 | -0.65 |
| Cash per share | 0.27 | 0.83 | 0.4 | 1.73 | 1.22 | 0.84 | 0.52 | 2.14 | 2.14 |
| Capex per share | 0.01 | 0.01 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 175.9% | 26.8% | 40.8% | 0.52% | 34% | -20.7% | 25.9% | — | — |
| Capex / operating cash flow | -7.53% | -7.79% | -1.22% | 1.27% | -2.08% | -2.63% | -0.23% | -0.04% | -0.04% |
| $1.24 |
| — |
| — |
| $236.1M |
| — |
| FY19 | — | -$3.67 | — | — | $4.3M | — |
| FY18 | — | -$1.32 | — | — | $7.8M | — |
| FY17 | — | -$1.03 | — | — | $1.8M | — |
| Period |
|---|
| Q4 19 |
|---|
| Q3 20 |
|---|
| Q4 20 |
|---|
| Q2 23 |
|---|
| Q3 23 |
|---|
| Q4 23 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Revenue | $76.6K | $0 | $236.1M | $1.2M | $2.3M | $23.6M | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | -94.9% | -100% | +308.3K% | — | — | — | -100% | -100% | -100% | — | 0% | 0% |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 87.9M | 268.1M | 167.1M | 733.2M | 671M | 500M | 311.7M | 173.4M |
| Receivables | — | — | 0 | 20M | 5.2M | 0 | — | — |
| Inventory | — | — | — | 0 | 4.3M | 0 | — | — |
| Total current assets | 105.9M | 296.1M | 194.6M | 817.9M | 750.2M | 525.6M | 329.9M | 176.7M |
| Property, plant & equipment | 3.4M | 4M | 6.6M | 6.2M | 24.9M | 18M | 5.6M | 3.8M |
| Goodwill & intangibles | 95.4M | 90.5M | 89M | 86.6M | 88.6M | 81.6M | 33.3M | — |
| Total assets | 157.1M | 345.4M | 248.3M | 969.5M | 878.7M | 590.4M | 368.9M | 212.7M |
| Accounts payable | — | — | — | — | — | — | — | — |
| Short-term debt | 15.2M | 11.6M | 8.1M | 1.2M | 4.8M | 6.2M | 626K | 816K |
| Total current liabilities | 29.9M | 50.3M | 84.1M | 88.2M | 97.9M | 109.9M | 58.1M | 8.5M |
| Long-term debt | 17.5M | 9.7M | 10.8M | 848.3K | 12.8M | 4.6M | 3.3M | 3.1M |
| Total liabilities | 203M | 484.2M | 539.1M | 108.2M | 163.4M | 168.7M | 126.3M | 11.5M |
| Shareholders' equity | -45.9M | -138.8M | -290.8M | 861.3M | 715.3M | 421.8M | 242.6M | 201.2M |
| Total debt | 32.6M | 21.4M | 18.9M | 2.1M | 17.6M | 10.9M | 3.9M | 3.9M |
| Net debt | -14.5M | -209.5M | -143.6M | -726.3M | -535.2M | -455M | -287.6M | -64.4M |
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 19 | Q4 19 | Q3 20 | Q4 20 | Q2 23 | Q4 23 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 188.2M | 167.1M | 437.8M | 733.2M | 406.1M | 311.7M | 207.5M | 184.4M | 173.4M | 168.6M | 165.6M | 228.3M |
| Receivables | 1.5M | 0 | — | 20M | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | 0 | — | — | — | — | — | — | — | — |
| Total current assets | 208.2M | 194.6M | 470M | 817.9M | 423.9M | 329.9M | 230.5M | 188.2M | 176.7M | 173.2M | 167.6M | 232.8M |
| Property, plant & equipment | 5.4M | 6.6M | 6.2M | 6.2M | 14.1M | 5.6M | 3.9M | 3.7M | 3.8M | 3.6M | 3.4M | 3.2M |
| Goodwill & intangibles | 87.4M | 89M | 83.4M | 86.6M | 77.5M | 33.3M | — | — | — | — | — | — |
| Total assets | 258.2M | 248.3M | 629.6M | 969.5M | 484.1M | 368.9M | 253.8M | 232.7M | 212.7M | 208.9M | 206.7M | 277.4M |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 7.8M | 8.1M | 1.2M | 1.2M | 7.9M | 626K | 737K | 753K | 816K | 835K | 853K | 872K |
| Total current liabilities | 66M | 84.1M | 51.2M | 88.2M | 91.4M | 58.1M | 14M | 11.8M | 8.5M | 7.8M | 7.3M | 16.1M |
| Long-term debt | 10.6M | 10.8M | 10.2M | 848.3K | 2.8M | 3.3M | 3.2M | 3M | 3.1M | 2.8M | 2.6M | 2.4M |
| Total liabilities | 77.2M | 539.1M | 81.5M | 108.2M | 146.8M | 126.3M | 17.2M | 14.8M | 11.5M | 10.6M | 10M | 18.5M |
| Shareholders' equity | 181.1M | -290.8M | 548.1M | 861.3M | 337.3M | 242.6M | 236.6M | 217.9M | 201.2M | 198.3M | 196.7M | 258.9M |
| Total debt | 18.4M | 18.9M | 11.4M | 2.1M | 10.7M | 3.9M | 4M | 3.8M | 3.9M | 3.7M | 3.5M | 3.3M |
| Net debt | -153.4M | -143.6M | -422.2M | -726.3M | -314.6M | -287.6M | -148M | -75.5M | -64.4M | -49.9M | -161.9M | -224.8M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|---|---|
| Net income | -45.7M | -58.6M | -207.5M | 72.1M | -365.8M | -363.4M | -82.2M | -49.7M |
| Depreciation & amortization | 250.3K | 979.8K | 2.2M | 3.5M | 5.4M | 9.2M | 1.1M | 978K |
| Stock-based compensation | 1.1M | 511.7K | 52.4M | 75.5M | 95.5M | 51.8M | 10.2M | -1.9M |
| Change in working capital | 2.4M | 24.5M | 6.5M | -54.4M | 38.8M | 48.3M | 1M | -694K |
| Operating cash flow | -41.3M | -26.9M | -143.1M | 96.7M | -226.1M | -252M | -69.9M | -39M |
| Capital expenditure | -3.1M | -2.1M | -1.7M | -1.2M | -4.7M | -6.6M | -164K | 14K |
| Investing cash flow | -24.1M | 1.4M | 30.4M | -30.9M | -114.1M | 66.4M | -16M | -136M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | 0 | -5.3M | 0 | -3.1M | -8.6M | -335K |
| Financing cash flow | 209M | 176.9M | -8.2M | 517.5M | -21.7M | -332.4K | -5.7M | -335K |
| Net change in cash | 143.5M | 151.3M | -120.9M | 583.3M | -361.9M | -185.9M | -91.5M | -175.3M |
| Free cash flow | -41.7M | -42.9M | -125.8M | 65.1M | -157.4M | -166.5M | -72.9M | -52.7M |
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 18 | Q4 18 | Q3 19 | Q4 19 | Q3 20 | Q4 20 | Q4 24 | Q3 25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -15.5M | -17.9M | -30.4M | -52.6M | -1.4M | 155.7M | -10.8M | -6.8M |
| Depreciation & amortization | 143.2K | 629.6K | 528.7K | 653.6K | 858.4K | 1.4M | 213K | 216K |
| Stock-based compensation | 140.8K | 79.8K | -1.7M | 937.9K | 25.1M | 18M | 824K | 1.5M |
| Change in working capital | -250.1K | 3.6M | -311.2K | 48K | -533.5K | -423.4K | -180K | -206K |
| Operating cash flow | -15.3M | -13.6M | -31.9M | -51M | 24M | 174.7M | -10M | -5.4M |
| Capital expenditure | -451.9K | -1M | -367.9K | -1.1M | -678.4K | -528.3K | -38K | 0 |
| Investing cash flow | 141.5K | -933K | -4M | 11.4M | -4.1M | -1.3M | -109K | 0 |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | -229.2K | 0 | 0 |
| Financing cash flow | -22.1M | -53.8K | 144.9K | 16.3M | 297M | 145.1M | 0 | 0 |
| Net change in cash | -37.3M | -14.6M | -35.7M | -23.3M | 316.9M | 318.4M | -10.1M | -5.4M |
| Free cash flow | -13.3M | -19.4M | -35.4M | -33.6M | -36.7M | 151.2M | -11M | 1.8M |