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 | -$0.05 | -$0.05 | 0.0% | — | $64M | — |
| Q1 26 | -$0.07 | -$0.06 | +14.3% | — | $55.5M | — |
| Q4 25 | -$0.07 | -$0.07 | 0.0% | — | $58M | — |
| Q3 25 | -$0.06 | -$0.07 | -16.7% | — | $53.7M | — |
| Q2 25 | -$0.08 | -$0.08 | 0.0% | — | — | — |
| Q1 25 | -$0.08 | -$0.09 | -12.5% | — | — | — |
| Q4 24 | -$0.07 | -$0.07 | 0.0% | — | — | — |
| Q3 24 | -$0.09 | -$0.09 | 0.0% | — | — | — |
| Q2 24 | -$0.09 | -$0.09 | 0.0% | — | — | — |
| Q1 24 | -$0.08 | -$0.1 | -25.0% | — | — | — |
| Q4 23 | -$0.01 | -$0.01 | 0.0% | — | — | — |
| Q2 23 | -$0.09 | -$0.1 | -11.1% | — | $52.1M | — |
| Q1 23 | -$0.11 | -$0.1 | +9.1% | — | $40.5M | — |
| Q4 22 | -$0.09 | -$0.11 | -22.2% | — | $33M | — |
| Q3 22 | -$0.11 | -$0.1 | +9.1% | — | $30M | — |
| Q2 22 | -$0.12 | -$0.11 | +8.3% | — | $25.8M | — |
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 | — | -$0.73 | — | — | $217.4M | — |
| FY24 | — | -$0.76 | — | — | $216.7M | — |
| FY23 | — | -$0.81 | — | — | $223.2M | — |
| FY22 | — | -$0.37 | — | — | $110.8M | — |
| FY21 | — | -$1.26 | — |
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 |
|---|---|---|---|---|---|---|
| Revenue | $22.6M | $48.4M | $110.8M | $223.2M | $216.7M | $217.4M |
| YoY change | — | +114.1% | +128.9% | +101.4% | -2.91% | +0.33% |
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 |
|---|
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 |
|---|---|---|---|---|---|---|
| Revenue | 22.6M | 48.4M | 110.8M | 223.2M | 216.7M | 217.4M |
| Cost of revenue | 13M | 28.7M | 60.5M | 133.6M | 126.4M | 130.8M |
| Gross profit | 9.6M | 19.7M | 50.3M | 89.6M | 90.3M | 86.6M |
| Gross margin | 42.3% | 40.7% | 45.4% | 40.1% | 41.7% | 39.9% |
| Research & development | 22M | 58.1M | 121.2M | 154.5M | 175.1M | 154.1M |
| Selling, general & administrative | 6.8M | 36.4M | 48.2M | 70.5M | 80.9M | 77.7M |
| Operating expenses | 28.8M | 94.5M | 169.4M | 225M | 256.1M | 231.8M |
| Operating income | -19.2M | -74.8M | -119.1M | -135.4M | -165.7M | -145.1M |
| Operating margin | -85.1% | -154.5% | -107.5% | -60.7% | -76.5% | -66.8% |
| Non-operating income, net | -76.9M | -43M | 64.4M | 2.9M | 24.3M | 1.8M |
| Pretax income | -98.3M | -118.9M | -53.8M | -133.4M | -146.1M | -153.7M |
| Income tax | 29K | -327K | -1M | -4.5M | -1.9M | -3M |
| Net income | -98.4M | -118.6M | -52.8M | -128.8M | -144.2M | -150.7M |
| Net margin | -435% | -245% | -47.6% | -57.7% | -66.5% | -69.3% |
| EBITDA | -16.3M | -68.7M | -100.2M | -94.2M | -118.6M | -94.7M |
| EPS | -0.96 | -1.26 | -0.37 | -0.81 | -0.76 | -0.73 |
| Diluted EPS | -0.96 | -1.26 | -0.37 | -0.81 | -0.76 | -0.73 |
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 | — | — | — | — | — | — | — | — | 53.7M | 58M | 55.5M | 64M |
| Cost of revenue | — | — | — | — | — | — | — | — | 32.2M | 36.4M | 34.4M | 40.9M |
| Gross profit | — | — | — | — | — | — | — | — | 21.5M | 21.6M | 21.1M | 23.1M |
| Gross margin | — | — | — | — | — | — | — | — | 40.1% | 37.3% | 38% | 36.1% |
| Research & development | 41.6M | 34.3M | 49.6M | 41.3M | 46M | 38.3M | 42.1M | 38.5M | 38M | 35.5M | 38.5M | 37.8M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 20.8M | 19.2M | 21.4M | 20.4M |
| Operating expenses | 41.6M | 34.3M | 49.6M | 41.3M | 46M | 38.3M | 42.1M | 38.5M | 58.8M | 54.7M | 59.9M | 58.2M |
| Operating income | — | — | — | — | — | — | — | — | -37.3M | -33M | -38.9M | -35.1M |
| Operating margin | — | — | — | — | — | — | — | — | -69.5% | -56.9% | -70.1% | -54.8% |
| Non-operating income, net | — | — | — | — | — | — | — | — | -1.1M | 1.6M | -5.1M | -849K |
| Pretax income | — | — | — | — | — | — | — | — | -41.1M | -34.5M | -47.4M | -39.4M |
| Income tax | — | — | — | — | — | — | — | — | -363K | -3.3M | -319K | -448K |
| Net income | — | — | — | — | — | — | — | — | -40.7M | -31.2M | -47.1M | -39M |
| Net margin | — | — | — | — | — | — | — | — | -75.8% | -53.8% | -85% | -60.9% |
| EBITDA | — | — | — | — | — | — | — | — | -24.6M | -22.3M | -26.3M | -22.5M |
| EPS | -0.12 | -0.09 | -0.19 | -0.11 | -0.28 | -0.18 | -0.18 | -0.2 | -0.19 | -0.16 | -0.21 | -0.17 |
| Diluted EPS | -0.12 | -0.09 | -0.19 | -0.11 | -0.28 | -0.18 | -0.18 | -0.2 | -0.19 | -0.16 | -0.21 | -0.17 |
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 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | 1.3B | — | — | — | — | — | 672.2M |
| Enterprise value | 1.3B | — | — | — | — | — | 951.8M |
| Shares outstanding | 101.5M | 70M | 118.7M | 145.2M | 175M | 197.2M | 197.2M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -3.97 |
| P/S | 59.3 | — | — | — | — | — | 2.91 |
| P/B | -13.2 | — | — | — | — | — | 2.11 |
| EV/EBITDA | -82.3 | — | — | — | — | — | -9.36 |
| EV/Sales | 59.4 | — | — | — | — | — | 4.12 |
| Earnings yield | — | — | — | — | — | — | -25.2% |
| FCF yield | -1.64% | — | — | — | — | — | -2.63% |
| PEG | — | — | — | — | — | — | 0.26 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 42.3% | 40.7% | 45.4% | 40.1% | 41.7% | 39.9% | 36.1% |
| Operating margin | -85.1% | -154.5% | -107.5% | -60.7% | -76.5% | -66.8% | -54.8% |
| Net margin | -435% | -245% | -47.6% | -57.7% | -66.5% | -69.3% | -64.8% |
| ROE | 96.9% | -40.6% | -16.8% | -27% | -32.4% | -39.2% | -42.9% |
| ROA | -280% | -25.3% | -8.75% | -15.7% | -15.3% | -17.9% | -10.6% |
| ROIC | 19.4% | -92.7% | -67.6% | -27.1% | -29.1% | -23.9% | -23.5% |
| Return on tangible assets | -333.8% | -239.4% | -25.9% | 68.7% | 1.6K% | 110.6% | 185.3% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.25 | 7.36 | 5.85 | 1.96 | 4.82 | 3.73 | 3.65 |
| Quick ratio | 0.22 | 7.09 | 5.64 | 1.72 | 4.23 | 3.1 | 2.86 |
| Debt / equity | -0.21 | 0.03 | 0.58 | 0.37 | 0.89 | 0.96 | 1.34 |
| Debt / assets | 0.59 | 0.02 | 0.3 | 0.21 | 0.42 | 0.44 | 0.51 |
| Net debt / EBITDA | -0.13 | 3.07 | 1.38 | -0.24 | -1.05 | -2.37 | -3.05 |
| Interest coverage | -43.8 | -95 | -37.7 | -14.5 | -15 | -8.63 | -9.18 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.22 | 0.69 | 0.93 | 1.54 | 1.24 | 1.1 | 1.13 |
| EPS (basic) | -0.96 | -1.26 | -0.37 | -0.81 | -0.76 | -0.73 | -0.73 |
| EPS (diluted) | -0.96 | -1.26 | -0.37 | -0.81 | -0.76 | -0.73 | -0.7 |
| Book value per share | -1 | 4.17 | 2.65 | 3.29 | 2.54 | 1.95 | 1.37 |
| FCF per share | -0.22 | -0.86 | -0.71 | -0.81 | -0.43 | -0.36 | -0.4 |
| Cash per share | 0.18 | 3.13 | 2.71 | 1.04 | 1.57 | 0.74 | 0.64 |
| Capex per share | 0.01 | 0.04 | 0.06 | 0.09 | 0.08 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.82% | 5.54% | 6.83% | 5.71% | 6.62% | — | — |
| Capex / operating cash flow | -3.2% | -3.22% | -44.3% | -15% | -20.7% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $48.4M |
| — |
| FY20 | — | -$0.96 | — | — | $22.6M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | — | — | — | — | — | — | — | — | $53.7M | $58M | $55.5M | $64M |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 18.7M | 219.1M | 321.6M | 151.7M | 274.2M | 145.5M |
| Receivables | 5.9M | 13.8M | 26.4M | 63.6M | 52M | 57.5M |
| Inventory | 2.9M | 9.1M | 13.3M | 33.1M | 49.9M | 48.6M |
| Total current assets | 30M | 248M | 373.9M | 271.8M | 408.7M | 285.8M |
| Property, plant & equipment | 2.2M | 11.1M | 27.9M | 40.8M | 50.4M | 57.7M |
| Goodwill & intangibles | 5.7M | 419.7M | 399.2M | 1B | 950.6M | 977.1M |
| Total assets | 35.1M | 469.3M | 603.4M | 818.9M | 941.4M | 840.8M |
| Accounts payable | 4.6M | 5.4M | 14.2M | 18.4M | 28.3M | 21.8M |
| Short-term debt | 8.5M | 2.3M | 17.7M | 6.8M | 15.2M | 16.8M |
| Total current liabilities | 122.2M | 33.7M | 64M | 138.9M | 84.9M | 76.5M |
| Long-term debt | 12.3M | 5.6M | 165.8M | 167.6M | 383.4M | 352.9M |
| Total liabilities | 136.6M | 177.4M | 289M | 341.9M | 496M | 456.8M |
| Shareholders' equity | -101.5M | 291.9M | 314.3M | 477M | 445.4M | 384M |
| Total debt | 20.8M | 7.9M | 183.5M | 174.3M | 398.6M | 369.7M |
| Net debt | 2.1M | -211.2M | -138.2M | 22.7M | 124.3M | 224.2M |
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 | 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 | 160.6M | 151.7M | 138.2M | 112.3M | 96.9M | 274.2M | 236.6M | 192.6M | 160.9M | 145.5M | 174.4M | 139M |
| Receivables | 43.5M | 63.6M | 52.4M | 58.1M | 56.2M | 52M | 62.9M | 59.1M | 53.2M | 57.5M | 60.5M | 67.8M |
| Inventory | 39.5M | 33.1M | 37.9M | 42.5M | 52.2M | 49.9M | 47.8M | 47M | 45.6M | 48.6M | 57M | 67.6M |
| Total current assets | 269.9M | 271.8M | 263.8M | 247.6M | 240.8M | 408.7M | 381.7M | 331.8M | 297.1M | 285.8M | 327.2M | 311.6M |
| Property, plant & equipment | 40M | 40.8M | 43.7M | 48M | 51.6M | 50.4M | 50.2M | 55.2M | 57.2M | 57.7M | 57.8M | 58.1M |
| Goodwill & intangibles | 1B | 1B | 978.1M | 989.4M | 996.2M | 950.6M | 941.5M | 949.6M | 989.5M | 977.1M | 952M | 926.8M |
| Total assets | 819.5M | 818.9M | 803.6M | 797.3M | 797.5M | 941.4M | 909M | 867.6M | 855.1M | 840.8M | 869.6M | 841.5M |
| Accounts payable | 19.6M | 18.4M | 19M | 26.5M | 26M | 28.3M | 18.5M | 19.7M | 19.1M | 21.8M | 24.4M | 24.8M |
| Short-term debt | 7.8M | 6.8M | 15.9M | 15.3M | 21.9M | 15.2M | 15.2M | 17.5M | 17.6M | 16.8M | 15.7M | 15.8M |
| Total current liabilities | 149M | 138.9M | 151.7M | 93.1M | 100.9M | 84.9M | 72M | 76.5M | 79.2M | 76.5M | 79.6M | 85.3M |
| Long-term debt | 167.3M | 167.6M | 168.3M | 168.7M | 173.1M | 383.4M | 380.6M | 351.5M | 352.8M | 352.9M | 415.3M | 415.5M |
| Total liabilities | 406.7M | 341.9M | 342.2M | 294.7M | 308.7M | 496M | 477.3M | 452.5M | 462.2M | 456.8M | 520.6M | 519.4M |
| Shareholders' equity | 412.8M | 477M | 461.5M | 502.6M | 488.8M | 445.4M | 431.7M | 415.1M | 392.9M | 384M | 348.9M | 322.2M |
| Total debt | 175.1M | 174.3M | 184.2M | 184M | 195M | 398.6M | 395.8M | 369M | 370.5M | 369.7M | 430.9M | 431.3M |
| Net debt | 14.4M | 22.7M | 46M | 71.6M | 98.1M | 124.3M | 159.2M | 176.5M | 209.6M | 224.2M | 256.5M | 292.3M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -98.4M | -118.6M | -52.8M | -128.8M | -144.2M | -150.7M |
| Depreciation & amortization | 2.7M | 6M | 16.8M | 34.6M | 43.1M | 43.6M |
| Stock-based compensation | 0 | 22.9M | 41.9M | 43.7M | 67.2M | 65.1M |
| Change in working capital | -2.4M | -10.9M | -12.1M | -44M | -3.1M | -12.4M |
| Operating cash flow | -19.9M | -83.3M | -17.1M | -84.9M | -69.3M | -57.1M |
| Capital expenditure | -637K | -2.7M | -7.6M | -12.8M | -14.3M | — |
| Investing cash flow | -637K | -82.9M | -16.3M | -107.7M | -17.5M | -17.7M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | 0 | -900K | -7.4M | 0 | 0 | — |
| Financing cash flow | 33.5M | 340.6M | 192.6M | 43.5M | 209.3M | -38.9M |
| Net change in cash | 12.9M | 174.4M | 159.2M | -149.1M | 122.4M | -113.8M |
| Free cash flow | -22M | -59.9M | -84.3M | -117.1M | -74.7M | -71.4M |
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 | 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 | -18.7M | -14.6M | -34.2M | -21M | -54.6M | -34.4M | -37.2M | -41.6M | -40.7M | -31.2M | -47.1M | -39M |
| Depreciation & amortization | 11M | 6.2M | 10.4M | 10.4M | 12.6M | 9.7M | 10.5M | 11.2M | 11.1M | 10.8M | 12M | 12M |
| Stock-based compensation | 12.8M | 7.1M | 25.6M | 11.9M | 17.9M | 11.9M | 17.2M | 15M | 18.4M | 14.5M | 19.7M | 17.3M |
| Change in working capital | 1.4M | -19.8M | 9M | -6.4M | -6.8M | 1M | -19.1M | 8.7M | 4.4M | -6.4M | -9.8M | -17.5M |
| Operating cash flow | -1.7M | -4.6M | -4.4M | -22.1M | -25.8M | -17.1M | -32.7M | -7.6M | -6.2M | -14.4M | -22.1M | -28.9M |
| Capital expenditure | -2M | -4.2M | -2.3M | -3.7M | -6.5M | -1.8M | -2.4M | — | — | — | — | — |
| Investing cash flow | 1.4M | -4.2M | -5.5M | -3.7M | -6.5M | -1.8M | -2.4M | 0 | -17.7M | 0 | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -1.5M | 9.9M | 6.9M | -323K | 16.9M | -27.3M | -4.7M | -29.3M | -4.8M | -2.6M | 55.1M | -3.1M |
| Net change in cash | -1.8M | 1.2M | -3M | -26M | -15.5M | -46.2M | -39.8M | -36.9M | -28.6M | -16.9M | 32.9M | -31.9M |
| Free cash flow | -16.9M | -20.6M | -11.7M | -23.4M | -30.4M | -9.3M | -31.4M | -13.6M | -10.3M | -16.1M | -25.3M | -32M |