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 | -$2.28 | -$2.34 | -2.6% | — | $0 | — |
| Q1 26 | -$1.2 | -$2.15 | -79.2% | — | $0 | — |
| Q4 25 | -$2.08 | -$2.11 | -1.4% | — | $0 | — |
| Q2 25 | -$2.6 | -$1.85 | +28.8% | — | $1.3M | — |
| Q1 25 | -$3.12 | -$2.8 | +10.3% | — | $0 | — |
| Q4 24 | -$2.88 | -$4.47 | -55.2% | — | $100K | — |
| Q3 24 | -$3.7 | -$2.84 | +23.2% | — | $0 | — |
| Q2 24 | -$3.6 | $125.5 | +3585.6% | — | $100K | — |
| Q1 24 | -$1.04 | -$1.44 | -38.5% | — | $0 | — |
| Q4 23 | -$1.04 | -$1.73 | -66.3% | — | $1.5M | — |
| Q3 23 | -$1.01 | -$1.1 | -8.9% | — | $119K | — |
| Q2 23 | -$1.03 | -$1.08 | -4.9% | — | $30K | — |
| Q1 23 | -$0.84 | -$1.12 | -33.3% | — | $0 | — |
| Q4 22 | -$0.79 | -$0.95 | -20.3% | — | — | — |
| Q3 22 | -$0.94 | -$0.9 | +4.3% | — | — | — |
| Q2 22 | -$0.78 | -$0.97 | -24.4% | — | — | — |
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 | — | -$9.04 | — | — | $1.3M | — |
| FY24 | — | $114 | — | — | $200K | — |
| FY23 | — | -$10.9 | — | — | $1.6M | — |
| FY22 | — | -$8.1 | — | — | $1.3M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $1.3M | $1.6M | $200K | $1.3M |
| YoY change | — | +25.6% | -87.8% | +550% |
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 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 1.3M | 1.6M | 200K | 1.3M |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 101.6M | 130.1M | 203.7M | 113M |
| Selling, general & administrative | 15M | 24.2M | 127.9M | 23.1M |
| Operating expenses | 116.6M | 154.4M | 331.6M | 136.1M |
| Operating income | -115.3M | -152.7M | -331.4M | -135M |
| Operating margin | -8.9K% | -9.3K% | -165.7K% | -10.4K% |
| Non-operating income, net | 1K | -580K | 2B | -381K |
| Pretax income | -115.3M | -153.3M | 1.7B | -140.1M |
| Income tax | 3K | 3K | 2K | 2K |
| Net income | -115.3M | -155M | 1.7B | -140.1M |
| Net margin | -8.9K% | -9.5K% | 843.8K% | -10.8K% |
| EBITDA | -114.1M | -151.6M | -318.1M | -125.4M |
| EPS | -8.1 | -10.9 | 114 | -9.04 |
| Diluted EPS | -8.1 | -10.9 | 112.6 | -9.04 |
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 | 119K | 1.5M | 0 | 100K | 0 | 100K | 0 | 1.3M | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 38.1M | 20.6M | 40.4M | 67.6M | 38.9M | 33.4M | 36.9M | 22.3M | 28.5M | 25.3M | 25.2M | 23.9M |
| Selling, general & administrative | 7.9M | 2.7M | 8.8M | 93.4M | 7.9M | 16.7M | 6M | 6.4M | 5.3M | 5.4M | 5.7M | 8.3M |
| Operating expenses | 45.9M | 23.3M | 49.2M | 161M | 46.8M | 50M | 42.9M | 28.7M | 33.8M | 30.7M | 30.9M | 32.1M |
| Operating income | -45.8M | -21.8M | -49.2M | -160.9M | -46.8M | -49.9M | -42.9M | -27.4M | -33.8M | -30.9M | -30.9M | -32.1M |
| Operating margin | -38.5K% | -1.5K% | — | -160.9K% | — | -49.9K% | — | -2.1K% | — | — | — | — |
| Non-operating income, net | -135K | -158K | -59K | 2B | 41K | 60K | -50K | -246K | -46K | -39K | -12K | -68K |
| Pretax income | -51.8M | -5.6M | -49.3M | 1.9B | -43.9M | -47.9M | -43.3M | -28.7M | -35.3M | -32.8M | -33.4M | -36.6M |
| Income tax | 2K | -4K | — | 2K | 0 | 0 | 0 | 2K | 0 | 0 | 0 | 3K |
| Net income | -51.8M | -7.2M | -49.3M | 1.9B | -43.9M | -47.9M | -43.3M | -28.7M | -35.3M | -32.8M | -33.4M | -36.6M |
| Net margin | -43.5K% | -490.9% | — | 1.9M% | — | -47.9K% | — | -2.2K% | — | — | — | — |
| EBITDA | -43.3M | -28.3M | -48.9M | -157.6M | -43.1M | -47.2M | -39.9M | -24.9M | -31.5M | -29.1M | -29.4M | -30.4M |
| EPS | -3.64 | — | -3.46 | 127.1 | -2.84 | -3.09 | -2.8 | -1.85 | -2.28 | -2.11 | -2.15 | -2.34 |
| Diluted EPS | -3.64 | — | -3.46 | 125.5 | -2.84 | -3.09 | -2.8 | -1.85 | -2.28 | -2.11 | -2.15 | -2.34 |
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 | — | — | — | — | 350.9M | 541.2M | 228M | 1.2B | 1.5B |
| Enterprise value | — | — | — | — | 355.9M | 544.3M | 83.4M | 1.2B | 1.5B |
| Shares outstanding | — | — | — | — | 14.2M | 14.2M | 14.8M | 15.5M | 15.5M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 0.14 | — | 0.2 |
| P/S | — | — | — | — | 269.7 | 331.2 | 1.1K | 941.1 | 1.2K |
| P/B | — | — | — | — | -48.1 | -67.9 | 1.71 | 153.1 | -30.1 |
| EV/EBITDA | — | — | — | — | -3.12 | -3.59 | -0.26 | -9.62 | -12.1 |
| EV/Sales | — | — | — | — | 273.6 | 333.1 | 417 | 927.9 | 1.2K |
| Earnings yield | — | — | — | — | — | — | 740.3% | — | 505% |
| FCF yield | — | — | — | — | -26.1% | -24.7% | -86.4% | -10.6% | -5.69% |
| PEG | — | — | — | — | — | — | — | — | 0.01 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -8.9K% | -9.3K% | -165.7K% | -10.4K% | -9.8K% |
| Net margin | — | — | — | — | -8.9K% | -9.5K% | 843.8K% | -10.8K% | 0% |
| ROE | — | — | — | — | 1.6K% | 1.9K% | 1.3K% | -1.8K% | -1.8K% |
| ROA | — | — | — | — | -692.9% | -596% | 933.6% | -95.6% | -43.6% |
| ROIC | — | — | — | — | 5.1K% | 3.2K% | 3K% | 1.5K% | 2.7K% |
| Return on tangible assets | — | — | — | — | -692.9% | -596% | 933.6% | -95.6% | -89.6% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | 0.3 | 0.41 | 3.94 | 3.93 | 5.07 |
| Quick ratio | — | — | — | — | 0.3 | 0.41 | 3.94 | 3.93 | 5.07 |
| Debt / equity | — | — | — | — | -0.69 | -0.4 | 0.06 | 13.4 | -0.03 |
| Debt / assets | — | — | — | — | 0.3 | 0.12 | 0.04 | 0.73 | 1.18 |
| Net debt / EBITDA | — | — | — | — | — | — | 0.45 | 0.14 | -0.4 |
| Interest coverage | — | — | — | — | — | — | 126.1 | -10.5 | -7.88 |
| Effective tax rate | — | — | — | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | — | — | 0.09 | 0.11 | 0.01 | 0.08 | 0.08 |
| EPS (basic) | — | — | — | — | -8.1 | -10.9 | 114 | -9.04 | -9.04 |
| EPS (diluted) | — | — | — | — | -8.1 | -10.9 | 112.6 | -9.04 | -8.88 |
| Book value per share | — | — | — | — | -0.51 | -0.56 | 9.02 | 0.52 | -3.6 |
| FCF per share | — | — | — | — | -6.42 | -9.38 | -13.3 | -8.38 | -8.42 |
| Cash per share | — | — | — | — | — | — | 10.3 | 8.02 | 9.06 |
| Capex per share | — | — | — | — | 0.05 | 0.32 | 0.18 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 52.7% | 281.1% | 1.3K% | — | — |
| Capex / operating cash flow | — | — | — | — | -0.7% | -3.48% | 0.15% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| Revenue | $119K | $1.5M | $0 | $100K | $0 | $100K | $0 | $1.3M | $0 | $0 | $0 | $0 |
| YoY change | — | — | 0% | +233.3% | -100% | -93.2% | 0% | +1.2K% | 0% | -100% | 0% | -100% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 2.1M | 11.5M | 128.7M | 131.3M | — | — | 152.6M | 124.2M |
| Receivables | 690K | — | 82K | 373K | 243K | 778K | 397K | 0 |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 5.7M | — | 132.2M | 139.1M | 6.3M | 13.5M | 160.4M | 132.8M |
| Property, plant & equipment | 2.6M | — | 11.3M | 9.5M | 7.2M | 9.4M | 13.5M | 9.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 10M | — | 143.7M | 150.4M | 16.6M | 26M | 180.8M | 146.5M |
| Accounts payable | 6.5M | — | 13.5M | 9.1M | 4.3M | 8.3M | 9.2M | 5.9M |
| Short-term debt | 5.9M | — | 1.5M | 1.7M | 1.9M | 2.1M | 1.6M | 2.3M |
| Total current liabilities | 14.8M | — | 31.4M | 22.5M | 20.8M | 32.9M | 40.7M | 33.8M |
| Long-term debt | 3.6M | — | 36M | 75.5M | 3.2M | 1.1M | 6.5M | 104.7M |
| Total liabilities | 18.7M | — | 68.3M | 98.1M | 23.9M | 34M | 47.2M | 138.5M |
| Shareholders' equity | -17.9M | — | 75.5M | 52.4M | -7.3M | -8M | 133.6M | 8M |
| Total debt | 9.5M | — | 37.5M | 77.2M | 5M | 3.2M | 8M | 107M |
| Net debt | 7.4M | — | -91.2M | -54.1M | — | — | -144.5M | -17.2M |
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 | Q1 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 | 234.3M | — | — | 226.9M | 196.3M | 152.6M | 216.5M | 186.6M | 153.1M | 124.2M | 161.7M | 133.3M |
| Receivables | 304K | 778K | 171K | 271K | 455K | 397K | 214K | 237K | 110K | 0 | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 243.8M | 13.5M | 14.2M | 242.1M | 207.4M | 160.4M | 223.4M | 194M | 161.4M | 132.8M | 171.3M | 142.2M |
| Property, plant & equipment | 6.8M | 9.4M | 9.7M | 9.6M | 8.4M | 13.5M | 12.4M | 11.3M | 10.3M | 9.3M | 8.2M | 7.2M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 253.7M | 26M | 28.2M | 258.4M | 222.6M | 180.8M | 242.6M | 212.1M | 177.5M | 146.5M | 184M | 154.2M |
| Accounts payable | 10.9M | 8.3M | 12.4M | 13M | 12.4M | 9.2M | 8.9M | 8.3M | 6.8M | 5.9M | 8.8M | 9.8M |
| Short-term debt | 1.9M | 2.1M | 2.1M | 2.2M | 1.8M | 1.6M | 2M | 2.2M | 2.2M | 2.3M | 2.4M | 2.5M |
| Total current liabilities | 32.6M | 32.9M | 38.4M | 39.1M | 44.1M | 40.7M | 43.6M | 38.9M | 36M | 33.8M | 26.5M | 28.1M |
| Long-term debt | 205.9M | 1.1M | 561K | 0 | 0 | 6.5M | 104.6M | 104.6M | 104.7M | 104.7M | 178.5M | 179.1M |
| Total liabilities | 238.6M | 34M | 39M | 39.1M | 44.1M | 47.2M | 148.2M | 143.6M | 140.6M | 138.5M | 205M | 207.2M |
| Shareholders' equity | 15.1M | -8M | -10.8M | 219.4M | 178.5M | 133.6M | 94.4M | 68.6M | 36.8M | 8M | -21M | -53M |
| Total debt | 207.9M | 3.2M | 2.7M | 2.2M | 1.8M | 8M | 106.5M | 106.8M | 106.9M | 107M | 180.9M | 181.6M |
| Net debt | -26.4M | — | — | -224.7M | -194.5M | -144.5M | -110M | -79.8M | -46.2M | -17.2M | 19.2M | 48.3M |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -115.3M | -155M | 1.7B | -140.1M |
| Depreciation & amortization | 1.2M | 1.2M | 2.3M | 2.5M |
| Stock-based compensation | 17.8M | 20.7M | 58.5M | 11.1M |
| Change in working capital | -3.9M | 1.1M | 13.2M | -4.7M |
| Operating cash flow | -98.5M | -131.9M | 1.8B | -129.8M |
| Capital expenditure | -686K | -4.6M | -2.6M | — |
| Investing cash flow | -686K | -4.6M | -2.6M | — |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 91.5M | 133.6M | 0 | 99.8M |
| Net change in cash | -7.7M | -2.9M | 1.8B | -30M |
| Free cash flow | -91.5M | -133.6M | -197M | -129.8M |
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 | 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 | — | — | — | — | — | — | — | -28.7M | -35.3M | -32.8M | -33.4M | -36.6M |
| Depreciation & amortization | — | — | — | — | — | — | — | 661K | 583K | 564K | 537K | 523K |
| Stock-based compensation | — | — | — | — | — | — | — | 2.8M | 3.2M | 2.7M | 2.7M | 3.1M |
| Change in working capital | — | — | — | — | — | — | — | -1.7M | -1.9M | -704K | 2.3M | 502K |
| Operating cash flow | — | — | — | — | — | — | — | -30M | -33.8M | -30.1M | -38M | -29.9M |
| Capital expenditure | -811K | -3.4M | -1.1M | -1.2M | -247K | -16K | -21K | — | — | — | — | — |
| Investing cash flow | -811K | -3.4M | -1.1M | -1.2M | -247K | -16K | -21K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | 0 | 0 | 0 | 75M | 0 |
| Net change in cash | -811K | -3.4M | -1.1M | -1.2M | -247K | -16K | -21K | -30M | -33.8M | -30.1M | 37M | -29.9M |
| Free cash flow | — | — | — | — | — | — | — | -30M | -33.8M | -30.1M | -38M | -29.9M |