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 | -$0.68 | -$0.06 | +91.2% | — | $425.5M | — |
| Q1 26 | -$1 | -$0.76 | +24.0% | — | $306M | — |
| Q4 25 | -$1.17 | -$1.54 | -31.6% | — | $263.8M | — |
| Q3 25 | -$1.37 | -$1.75 | -27.7% | — | $142.3M | — |
| Q2 25 | -$1.31 | -$1.7 | -29.8% | — | $107.4M | — |
| Q1 25 | -$1.36 | -$1.42 | -4.4% | — | $92.8M | — |
| Q4 24 | -$1.16 | -$1.32 | -13.8% | — | $104.4M | — |
| Q3 24 | -$1.25 | -$1.27 | -1.6% | — | $93.4M | — |
| Q2 24 | -$1.23 | -$1.94 | -57.7% | — | $90.3M | — |
| Q1 24 | -$1.2 | -$1.06 | +11.7% | — | $75.5M | — |
| Q4 23 | -$1.13 | -$1.28 | -13.3% | — | $83.7M | — |
| Q3 23 | -$1.11 | -$1.11 | 0.0% | — | $79.1M | — |
| Q2 23 | -$1.12 | -$1.78 | -58.9% | — | $77.2M | — |
| Q1 23 | -$1.1 | -$1.17 | -6.4% | — | $65.2M | — |
| Q4 22 | -$1.02 | -$1.21 | -18.6% | — | $59.3M | — |
| Q3 22 | -$0.87 | -$1.09 | -25.3% | — | $67.7M | — |
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 | — | -$6.42 | — | — | $606.4M | — |
| FY24 | — | -$5.57 | — | — | $363.7M | — |
| FY23 | — | -$5.34 | — | — | $305.2M | — |
| FY22 | — | -$3.91 | — | — | $245.4M |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $9.8M | $136.5M | $164.4M | $188.5M | $245.4M | $305.2M | $363.7M | $606.4M |
| YoY change | 0% | 0% | +InfinityT% | +1.3K% | +20.5% | +14.6% | +30.2% | +24.4% | +19.2% | +66.7% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 9.8M | 136.5M | 164.4M | 188.5M | 245.4M | 305.2M | 363.7M | 606.4M |
| Cost of revenue | 0 | 0 | 2.4M | 24.2M | 39.9M | 44.2M | 55.1M | 65.6M | 85.7M | 122.9M |
| Gross profit | 0 | 0 | 7.4M | 112.3M | 124.5M | 144.3M | 190.2M | 239.6M | 278M | 483.5M |
| Gross margin | — | — | 75.4% | 82.3% | 75.7% | 76.6% | 77.5% | 78.5% | 76.4% | 79.7% |
| Research & development | 122.7M | 109.7M | 145.3M | 131.7M | 181.2M | 272.7M | 397.5M | 571M | 598.4M | 771.1M |
| Selling, general & administrative | 50.7M | 79.2M | 168.2M | 210.8M | 203.6M | 234.3M | 265.8M | 344.5M | 461.1M | 701.2M |
| Operating expenses | 188.8M | 221.8M | 313.5M | 342.5M | 384.8M | 507M | 663.3M | 915.5M | 1.1B | 1.5B |
| Operating income | -173.4M | -188.9M | -307.3M | -235.2M | -265.2M | -367.8M | -478.1M | -680.9M | -786.6M | -994.8M |
| Operating margin | — | — | -3.1K% | -172.4% | -161.3% | -195.1% | -194.9% | -223.1% | -216.3% | -164% |
| Non-operating income, net | 723K | 1.9M | 8.7M | 9.4M | 2.1M | -28.2M | 24.4M | 15.6M | -38.6M | -193.2M |
| Pretax income | -176.2M | -192.9M | -324.1M | -253.6M | -292.7M | -436.4M | -480.2M | -747M | -910.1M | -1.3B |
| Income tax | 98K | -272K | 201K | 777K | 1.4M | -1.8M | 1.4M | 2.6M | 3.7M | 5M |
| Net income | -176.3M | -192.6M | -324.3M | -254.3M | -294.1M | -434.7M | -481.5M | -749.6M | -913.8M | -1.3B |
| Net margin | — | — | -3.3K% | -186.4% | -178.9% | -230.6% | -196.3% | -245.6% | -251.2% | -210.5% |
| EBITDA | -170.8M | -186.5M | -303.3M | -227M | -252.1M | -358.8M | -477.7M | -673.9M | -780.2M | -986.4M |
| EPS | -2.85 | -2.89 | -4.22 | -3.01 | -3.01 | -3.88 | -3.91 | -5.34 | -5.57 | -6.42 |
| Diluted EPS | -2.85 | -2.89 | -4.22 | -3.01 | -3.01 | -3.88 | -3.91 | -5.34 | -5.57 | -6.42 |
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 | 79.1M | 83.7M | 75.5M | 90.3M | 93.4M | 104.4M | 92.8M | 107.4M | 142.3M | 263.8M | 306M | 425.5M |
| Cost of revenue | 16.7M | 18.4M | 17.5M | 21M | 21.2M | 26.2M | 21.3M | 28.1M | 29.4M | 44.2M | 47.4M | 67.2M |
| Gross profit | 62.4M | 65.3M | 58M | 69.4M | 72.3M | 78.3M | 71.5M | 79.3M | 113M | 219.6M | 258.5M | 358.3M |
| Gross margin | 78.9% | 78% | 76.9% | 76.8% | 77.3% | 75% | 77.1% | 73.9% | 79.4% | 83.2% | 84.5% | 84.2% |
| Research & development | 109.1M | 137M | 121.1M | 146.7M | 150.8M | 179.7M | 152.6M | 177.2M | 186.4M | 254.9M | 209.5M | 210M |
| Selling, general & administrative | 90.6M | 89.5M | 93.1M | 106.6M | 118.9M | 142.5M | 147.5M | 154.8M | 186.4M | 212.5M | 247.3M | 247.5M |
| Operating expenses | 199.8M | 226.6M | 214.2M | 253.3M | 269.7M | 322.2M | 300.1M | 332M | 372.8M | 467.4M | 456.7M | 457.5M |
| Operating income | -138.7M | -162.6M | -157.4M | -185.2M | -198.7M | -245.2M | -229.8M | -253.9M | -261.4M | -249.7M | -200.3M | -101.3M |
| Operating margin | -175.4% | -194.2% | -208.5% | -205% | -212.7% | -234.8% | -247.6% | -236.4% | -183.6% | -94.6% | -65.5% | -23.8% |
| Non-operating income, net | 570K | -1.7M | 21.9M | -93.3M | 291K | 32.5M | -4.3M | -45.3M | -87M | -56.6M | 58.3M | 110.2M |
| Pretax income | -158.4M | -185.1M | -156.5M | -299.8M | -219.5M | -234.3M | -255.7M | -320.4M | -368.7M | -326.9M | -162.1M | -11.4M |
| Income tax | 544K | 998K | 589K | 838K | 1M | 1.3M | 912K | 1.2M | 1.3M | 1.6M | 1.5M | 1.9M |
| Net income | -158.9M | -186.1M | -157.1M | -300.6M | -220.5M | -235.5M | -256.6M | -321.7M | -370M | -328.5M | -163.6M | -13.2M |
| Net margin | -201% | -222.3% | -208.1% | -332.8% | -236% | -225.5% | -276.4% | -299.5% | -260% | -124.5% | -53.5% | -3.11% |
| EBITDA | -136.8M | -158.6M | -156.8M | -183.9M | -194.9M | -244.7M | -228.4M | -251.4M | -259.3M | -247.3M | -197.4M | -98M |
| EPS | -1.11 | — | -1.06 | -1.94 | -1.27 | -1.32 | -1.42 | -1.7 | -1.75 | -1.54 | -0.76 | -0.06 |
| Diluted EPS | -1.11 | — | -1.06 | -1.94 | -1.27 | -1.32 | -1.42 | -1.7 | -1.75 | -1.54 | -0.76 | -0.06 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | 818.8M | 2.1B | — | 2B | — | — | 2.5B | — | — | — | 25.7B |
| Enterprise value | 711M | 1.8B | — | 1.9B | — | — | 2.5B | — | — | — | 25.3B |
| Shares outstanding | 61.9M | 66.6M | 76.9M | 84.6M | 97.6M | 112.1M | 123M | 140.4M | 164M | 199M | 199M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -18.3 |
| P/S | — | — | — | 14.8 | — | — | 10 | — | — | — | 22.7 |
| P/B | 5.3 | 5.75 | — | 7.72 | — | — | 28 | — | — | — | 34.1 |
| EV/EBITDA | -4.16 | -9.38 | — | -8.5 | — | — | -5.21 | — | — | — | -31.8 |
| EV/Sales | — | — | — | 14.1 | — | — | 10.1 | — | — | — | 22.2 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -5.46% |
| FCF yield | -18.4% | -7.83% | — | -14.5% | — | — | -16.7% | — | — | — | -2.23% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.19 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | 75.4% | 82.3% | 75.7% | 76.6% | 77.5% | 78.5% | 76.4% | 79.7% | 84.2% |
| Operating margin | — | — | -3.1K% | -172.4% | -161.3% | -195.1% | -194.9% | -223.1% | -216.3% | -164% | -23.8% |
| Net margin | — | — | -3.3K% | -186.4% | -178.9% | -230.6% | -196.3% | -245.6% | -251.2% | -210.5% | -76.9% |
| ROE | -114.1% | -53.4% | -155.7% | -97.2% | -106.6% | -105.9% | -547.5% | 225.8% | -320.2% | -172.8% | -87.2% |
| ROA | -74.1% | -41.7% | -53.6% | -34.3% | -36.9% | -35% | -29.1% | -56.4% | -45.1% | -56.4% | -22.2% |
| ROIC | -371.4% | -532.8% | -1K% | -137.3% | -179.2% | -120.2% | -406.8% | -743.2% | -182.9K% | 952.9% | -459% |
| Return on tangible assets | -145% | -55.7% | -66.6% | -40.1% | -42.2% | -52.8% | -38.6% | -80.6% | -55.9% | -71% | -53.3% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 6.02 | 8.72 | 6.51 | 6.51 | 5.24 | 6.19 | 6.69 | 4.12 | 5.45 | 3.83 | 3.72 |
| Quick ratio | 6.02 | 8.72 | 6.42 | 6.18 | 4.83 | 5.7 | 6.33 | 3.75 | 5.12 | 3.54 | 3.4 |
| Debt / equity | 0.35 | 0.15 | 1.52 | 1.52 | 1.47 | 1.49 | 13.4 | -3.63 | 4.03 | 0.79 | 0.98 |
| Debt / assets | 0.23 | 0.12 | 0.52 | 0.53 | 0.51 | 0.49 | 0.71 | 0.91 | 0.57 | 0.26 | 0.28 |
| Net debt / EBITDA | 0.63 | 1.75 | 0.59 | 0.4 | 0.51 | 0.29 | -0.06 | -0.63 | 0.37 | 0.86 | 0.72 |
| Interest coverage | -49.4 | -36.5 | -12.5 | -8.64 | -9.39 | -10.3 | -20.4 | -8.8 | -10.3 | -15.4 | -10.5 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.13 | 1.61 | 1.68 | 1.68 | 1.99 | 2.17 | 2.22 | 3.05 | 5.3 |
| EPS (basic) | -2.85 | -2.89 | -4.22 | -3.01 | -3.01 | -3.88 | -3.91 | -5.34 | -5.57 | -6.42 | -6.42 |
| EPS (diluted) | -2.85 | -2.89 | -4.22 | -3.01 | -3.01 | -3.88 | -3.91 | -5.34 | -5.57 | -6.42 | -4.12 |
| Book value per share | 2.5 | 5.42 | 2.71 | 3.09 | 2.83 | 3.66 | 0.71 | -2.36 | 1.74 | 3.71 | 3.47 |
| FCF per share | -2.44 | -2.44 | -3.55 | -3.46 | -2.32 | -3.31 | -3.33 | -3.91 | -4.3 | -4.86 | -3.72 |
| Cash per share | 2.63 | 5.73 | 6.44 | 5.76 | 5.46 | 6.39 | 9.33 | 5.56 | 8.74 | 7.19 | 5.31 |
| Capex per share | 0.07 | 0.05 | 0.17 | 0.5 | 0.06 | 0.07 | 0.08 | 0.09 | 0.13 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 133.1% | 31% | 3.8% | 3.87% | 4.03% | 4.35% | 6.03% | — | — |
| Capex / operating cash flow | -2.8% | -1.85% | -4.77% | -17.5% | -2.89% | -1.97% | -2.17% | -2.44% | -3.15% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$3.88 | — | — | $188.5M | — |
| FY20 | — | -$3.01 | — | — | $164.4M | — |
| FY19 | — | -$3.01 | — | — | $136.5M | — |
| FY18 | — | -$4.22 | — | — | $9.8M | — |
| FY17 | — | -$2.89 | — | — | $0 | — |
| FY16 | — | -$2.85 | — | — | $0 | — |
| 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 | $79.1M | $83.7M | $75.5M | $90.3M | $93.4M | $104.4M | $92.8M | $107.4M | $142.3M | $263.8M | $306M | $425.5M |
| YoY change | +16.7% | +41.1% | +15.8% | +17% | +18.2% | +24.8% | +22.9% | +18.9% | +52.4% | +152.6% | +229.6% | +296.1% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 162.6M | 381.2M | 495.1M | 487.4M | 532.8M | 716.8M | 1.1B | 780.4M | 1.4B | 1.4B |
| Receivables | — | 0 | 5.5M | 19.2M | 16.6M | 24.4M | 29.7M | 41.2M | 52M | 140.9M |
| Inventory | — | 0 | 7M | 28.3M | 49.6M | 67M | 69.9M | 83.2M | 98.6M | 132.1M |
| Total current assets | 168.4M | 389.4M | 518.9M | 555.2M | 622.9M | 837M | 1.3B | 929.1M | 1.6B | 1.8B |
| Property, plant & equipment | 10M | 12.4M | 22.6M | 113.1M | 97.2M | 95.5M | 102.1M | 104.4M | 115.6M | 128.8M |
| Goodwill & intangibles | 116.4M | 116.4M | 117.3M | 107.4M | 98.5M | 419.8M | 409.7M | 399.6M | 389.5M | 467.5M |
| Total assets | 238M | 462M | 604.6M | 742.3M | 796.2M | 1.2B | 1.7B | 1.3B | 2B | 2.3B |
| Accounts payable | 10.4M | 14.7M | 17.7M | 13.2M | 42.9M | 35.8M | 50.5M | 65.4M | 73M | 79.9M |
| Short-term debt | — | — | — | 12.3M | 12.6M | 10.1M | 8.1M | 10.6M | 12.3M | 12.8M |
| Total current liabilities | 28M | 44.7M | 79.7M | 85.2M | 118.8M | 135.2M | 190.2M | 225.6M | 297.5M | 468.9M |
| Long-term debt | 54.8M | 55.6M | 316.6M | 384.8M | 392.3M | 602.1M | 1.2B | 1.2B | 1.1B | 573.9M |
| Total liabilities | 83.5M | 101M | 396.3M | 480.6M | 520.3M | 833M | 1.6B | 1.7B | 1.7B | 1.5B |
| Shareholders' equity | 154.5M | 361.1M | 208.3M | 261.7M | 275.9M | 410.5M | 88M | -331.9M | 285.4M | 739M |
| Total debt | 54.8M | 55.6M | 316.6M | 397M | 404.8M | 612.3M | 1.2B | 1.2B | 1.1B | 586.7M |
| Net debt | -107.8M | -325.6M | -178.5M | -90.4M | -127.9M | -104.5M | 103.8M | 721.6M | 593.8M | 76.2M |
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 | 786M | 780.4M | 595.7M | 1.2B | 1.5B | 1.4B | 1.2B | 1.9B | 1.7B | 1.4B | 1.2B | 1.2B |
| Receivables | 35.6M | 41.2M | 37.2M | 40.3M | 42.3M | 52M | 47.7M | 55M | 65.3M | 140.9M | 178.6M | 215.3M |
| Inventory | 77.9M | 83.2M | 83M | 90.1M | 98.5M | 98.6M | 100.7M | 107.6M | 121M | 132.1M | 132.9M | 142.4M |
| Total current assets | 926.6M | 929.1M | 758.7M | 1.4B | 1.6B | 1.6B | 1.4B | 2.1B | 1.9B | 1.8B | 1.6B | 1.6B |
| Property, plant & equipment | 104.7M | 104.4M | 106.1M | 108.8M | 110.2M | 115.6M | 116.8M | 117.2M | 116.6M | 128.8M | 121.3M | 124.2M |
| Goodwill & intangibles | 402.2M | 399.6M | 397.1M | 394.6M | 392.1M | 389.5M | 387M | 384.5M | 441.4M | 467.5M | 463.4M | 459.2M |
| Total assets | 1.3B | 1.3B | 1.2B | 1.8B | 2.1B | 2B | 1.8B | 2.5B | 2.4B | 2.3B | 2.1B | 2.1B |
| Accounts payable | 65.4M | 65.4M | 44M | 51.4M | 65M | 73M | 57.7M | 74.1M | 79.6M | 79.9M | 73.4M | 74.6M |
| Short-term debt | 8.9M | 10.6M | 231.5M | 233.3M | 10.5M | 12.3M | 6.6M | 6.7M | 7.4M | 12.8M | 8.5M | 9.8M |
| Total current liabilities | 196.7M | 225.6M | 420.9M | 524.2M | 259.2M | 297.5M | 239.2M | 311.7M | 417.2M | 468.9M | 361M | 438.7M |
| Long-term debt | 1.2B | 1.2B | 979.2M | 984.1M | 989.4M | 1.1B | 1.1B | 568.8M | 568.9M | 573.9M | 571.9M | 570.1M |
| Total liabilities | 1.6B | 1.7B | 1.6B | 1.8B | 1.6B | 1.7B | 1.7B | 1.2B | 1.4B | 1.5B | 1.4B | 1.3B |
| Shareholders' equity | -289.4M | -331.9M | -464.8M | 38.8M | 483.4M | 285.4M | 99.2M | 1.2B | 945.6M | 739M | 704.9M | 757.5M |
| Total debt | 1.2B | 1.2B | 1.2B | 1.2B | 999.9M | 1.1B | 1.1B | 575.5M | 576.3M | 586.7M | 580.3M | 579.9M |
| Net debt | 710.1M | 721.6M | 615M | -29.4M | 538.4M | 593.8M | 740.1M | -708.8M | 241.5M | 76.2M | -1.9M | 35.1M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -176.3M | -192.6M | -324.3M | -254.3M | -294.1M | -434.7M | -481.5M | -749.6M | -913.8M | -1.3B |
| Depreciation & amortization | 2.4M | 2.9M | 4.8M | 10.2M | 14.2M | 14.2M | 10.3M | 10.6M | 11M | 16.4M |
| Stock-based compensation | 18M | 18.1M | 26.2M | 27M | 36.2M | 46M | 57.7M | 74.8M | 96.8M | 152.7M |
| Change in working capital | 5.4M | 8.9M | 1.3M | -54.3M | 160K | -48.5M | -46M | -56.6M | -33.6M | -126.9M |
| Operating cash flow | -149.9M | -162M | -274.6M | -241.9M | -216.2M | -370.9M | -454.5M | -544M | -695.4M | -935M |
| Capital expenditure | -4.2M | -3M | -13.1M | -42.3M | -6.2M | -7.3M | -9.9M | -13.3M | -21.9M | — |
| Investing cash flow | -4.2M | -3M | -13.1M | -42.3M | -6.2M | -64.3M | -34.6M | -223.6M | -583.2M | -32M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 29.6M | 377.7M | 377.9M | 265.6M | 244.9M | 590.5M | 773.8M | 150M | 1.2B | 818.4M |
| Net change in cash | -124.6M | 212.6M | 90.3M | -18.6M | 22.5M | 155.3M | 284.7M | -617.5M | -50.8M | -148.7M |
| Free cash flow | -150.9M | -162.6M | -272.8M | -292.9M | -226.2M | -370.6M | -410.3M | -549.5M | -705.8M | -967.6M |
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 | — | — | — | — | — | — | — | — | -370M | -328.5M | -163.6M | -13.2M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | 4M | 5.6M | 5M | 5.3M |
| Stock-based compensation | — | — | — | — | — | — | — | — | 31.4M | 39M | 45.8M | 41.3M |
| Change in working capital | — | — | — | — | — | — | — | — | -27.9M | -101.8M | -42.9M | -56.1M |
| Operating cash flow | — | — | — | — | — | — | — | — | -219.8M | -247.6M | -222.7M | -88.8M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | -759.8M | 436M | 269M | 30.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | -1M | -776K | -799K | -827K |
| Net change in cash | — | — | — | — | — | — | — | — | -980.6M | 187.6M | 45.5M | -58.9M |
| Free cash flow | — | — | — | — | — | — | — | — | -222.2M | -264.2M | -226.2M | -95.1M |