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 % |
|---|---|---|---|---|---|---|
| Q3 26 | -$0.26 | -$0.16 | +38.5% | — | $144.8M | — |
| Q2 26 | -$0.25 | -$0.03 | +88.0% | — | $184.7M | — |
| Q1 26 | $0.14 | $0.01 | -92.9% | — | $240.3M | — |
| Q4 25 | $0.22 | $0.21 | -4.5% | — | $187.3M | — |
| Q3 25 | $0.14 | $0.11 | -21.4% | — | $144.8M | — |
| Q2 25 | $0.06 | $0.09 | +50.0% | — | $116.1M | — |
| Q1 25 | -$0.07 | -$0.16 | -128.6% | — | $52.8M | — |
| Q4 24 | $0.03 | -$0.16 | -633.3% | — | $58.4M | — |
| Q3 24 | $0.05 | $0.07 | +40.0% | — | $54M | — |
| Q2 24 | $0.06 | $0.08 | +33.3% | — | $42.6M | — |
| Q2 23 | -$0.13 | -$0.39 | -200.0% | — | $13.8M | — |
| Q4 22 | $0.08 | $0.04 | -50.0% | — | $12.4M | — |
| Q3 22 | — | -$0.05 | — | — | $9.6M | — |
| Q2 22 | $0.21 | $0.69 | +228.6% | — | $12.8M | — |
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 % |
|---|---|---|---|---|---|---|
| FY26 | — | — | — | — | $707M | — |
| FY25 | — | $0.34 | — | — | $501M | — |
| FY24 | — | -$0.29 | — | — | $188.8M | — |
| FY23 | — | -$3.14 | — | — | $75.5M | — |
| FY22 | — | -$10.3 |
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 | $1.4M | $5M | $59M | $75.5M | $188.8M | $501M | $707M |
| YoY change | — | +263.3% | +1.1K% | +27.9% | +150% | +165.4% | +41.1% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 24 | Q2 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 | 1.4M | 5M | 59M | 75.5M | 188.8M | 501M | 707M |
| Cost of revenue | 584.1K | 1.4M | 7.4M | 17.9M | 22.2M | 159M | 266.4M |
| Gross profit | 796.2K | 3.6M | 51.6M | 57.6M | 166.6M | 342M | 440.6M |
| Gross margin | 57.7% | 71.9% | 87.4% | 76.3% | 88.2% | 68.3% | 62.3% |
| Research & development | — | — | — | — | — | — | — |
| Selling, general & administrative | 488.2K | 1.3M | 26.1M | 27M | 42.6M | 127.2M | 319.8M |
| Operating expenses | 1.9M | 3M | 40.9M | 69.9M | 135.4M | 129.5M | 319M |
| Operating income | -1.1M | -200K | 462K | -48.4M | -27.2M | 22.1M | -378.8M |
| Operating margin | -77.8% | -3.99% | 0.78% | -64.2% | -14.4% | 4.42% | -53.6% |
| Non-operating income, net | -222.8K | -26.9M | -382.9M | -105.6M | -3.9M | 74.9M | -351.3M |
| Pretax income | -1.4M | -37.6M | -417M | -169.5M | -25.5M | 93.5M | -708.7M |
| Income tax | 0 | 786.6K | 2.7M | 2.4M | 3.5M | 6.6M | -6.1M |
| Net income | -1.4M | -38.3M | -419.8M | -171.9M | -29M | 86.9M | -702.6M |
| Net margin | -98.5% | -764.6% | -711% | -227.6% | -15.3% | 17.4% | -99.4% |
| EBITDA | -591.7K | -646.3K | 5.8M | -14.6M | 29.3M | 211.6M | 119.7M |
| EPS | -0.04 | -1.14 | -10.3 | -3.14 | -0.29 | 0.34 | — |
| Diluted EPS | -0.04 | -1.14 | -10.3 | -3.14 | -0.29 | 0.34 | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34.4M | 42.6M | 54M | 58.4M | 52.8M | 116.1M | 144.8M | 187.3M | 240.3M | 184.7M | 144.8M | 137.2M |
| Cost of revenue | 4.2M | 4.3M | 4.3M | 9.4M | 7.7M | 7M | 7.5M | 136.8M | 89M | 74.3M | 51.2M | 51.8M |
| Gross profit | 30.2M | 38.2M | 49.6M | 49M | 45M | 109.2M | 137.4M | 50.5M | 151.3M | 110.4M | 93.6M | 85.4M |
| Gross margin | 87.9% | 89.8% | 92% | 84% | 85.4% | 94% | 94.8% | 26.9% | 62.9% | 59.8% | 64.6% | 62.3% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 9.4M | 11.9M | 7.8M | 19M | 14.6M | 17M | 11.5M | 93.3M | 94.1M | 81.5M | 60.5M | 83.6M |
| Operating expenses | 31M | 31.2M | 34.3M | 35.2M | 46.5M | 52.8M | 62M | -39.1M | 90.3M | 85.2M | 55.8M | 87.8M |
| Operating income | -10.3M | -2.2M | 6.6M | -20.6M | -39.1M | 16.3M | 27.9M | 16.8M | -60.1M | -84.7M | -93.3M | -140.6M |
| Operating margin | -30% | -5.11% | 12.3% | -35.4% | -74.2% | 14% | 19.3% | 8.97% | -25% | -45.8% | -64.5% | -102.5% |
| Non-operating income, net | 5.1M | -4.8M | 4.1M | -9.1M | -13.5M | 10.2M | 7.3M | 71.1M | 637.6M | -258.4M | -167.7M | -562.8M |
| Pretax income | -4.5M | -6.3M | 12.1M | -26.8M | -50.4M | 21.9M | 29.3M | 92.8M | 575.3M | -337.9M | -254.1M | -692M |
| Income tax | 821K | -1.1M | 3.5M | 225K | 1.3M | 3M | 5M | -2.8M | 190.7M | -182.5M | -6.3M | -8M |
| Net income | -5.3M | -5.2M | 8.6M | -27.1M | -51.7M | 18.9M | 24.2M | 95.5M | 384.6M | -155.4M | -247.8M | -684M |
| Net margin | -15.4% | -12.3% | 16% | -46.4% | -98% | 16.3% | 16.7% | 51% | 160.1% | -84.1% | -171.2% | -498.5% |
| EBITDA | -2.1M | 6M | 17.2M | 8.2M | -2.9M | 54.4M | 77.3M | 82.8M | 32.2M | 30.3M | 49.8M | 7.4M |
| EPS | -0.08 | -0.07 | 0.08 | — | -0.27 | 0.09 | 0.11 | 0.69 | 1.42 | -0.52 | -0.74 | — |
| Diluted EPS | -0.08 | -0.07 | 0.08 | — | -0.27 | 0.09 | 0.11 | 0.69 | 1.08 | -0.52 | -0.74 | — |
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 | — | — | — | — | — | — | — | 16.4B |
| Enterprise value | — | — | — | — | — | — | — | 19.3B |
| Shares outstanding | 52.9M | 52.9M | 40.9M | 54.8M | 99.6M | 258.1M | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 52.6 |
| P/S | — | — | — | — | — | — | — | 24.6 |
| P/B | — | — | — | — | — | — | — | 4.01 |
| EV/EBITDA | — | — | — | — | — | — | — | 504.1 |
| EV/Sales | — | — | — | — | — | — | — | 27.3 |
| Earnings yield | — | — | — | — | — | — | — | 1.9% |
| FCF yield | — | — | — | — | — | — | — | -25.7% |
| PEG | — | — | — | — | — | — | — | -11.1 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 57.7% | 71.9% | 87.4% | 76.3% | 88.2% | 68.3% | 62.3% | 62.3% |
| Operating margin | -77.8% | -3.99% | 0.78% | -64.2% | -14.4% | 4.42% | -53.6% | -102.5% |
| Net margin | -98.5% | -764.6% | -711% | -227.6% | -15.3% | 17.4% | -99.4% | -99.4% |
| ROE | -24.3% | 122.1% | -96% | -56.3% | -2.64% | 4.78% | -16.8% | -23.4% |
| ROA | -18.5% | -44.9% | -73.6% | -51.8% | -2.51% | 2.96% | -4.45% | -2.53% |
| ROIC | -19.2% | 6.82% | 0.11% | -20.4% | -3.95% | 0.93% | -6.18% | -6.18% |
| Return on tangible assets | -20.5% | -45.4% | -73.7% | -51.8% | -2.51% | 2.96% | -4.66% | -4.66% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.93 | 0.24 | 1.88 | 3.72 | 8.87 | 4.29 | 3.55 | 3.55 |
| Quick ratio | 0.93 | 0.24 | 1.88 | 3.72 | 8.87 | 4.29 | 3.55 | 3.55 |
| Debt / equity | 0.22 | -1.69 | 0.25 | 0 | 0 | 0.53 | 1.87 | 1.87 |
| Debt / assets | 0.17 | 0.62 | 0.19 | 0 | 0 | 0.33 | 0.5 | 0.5 |
| Net debt / EBITDA | -0.01 | -44 | -0.29 | 4.63 | -14 | 1.89 | 16.2 | 16.2 |
| Interest coverage | -20 | -3.08 | -12 | -10.1 | -99.8 | 9.47 | -11 | -11 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 7.02% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.03 | 0.09 | 1.44 | 1.38 | 1.89 | 1.94 | — | 2.24 |
| EPS (basic) | -0.04 | -1.14 | -10.3 | -3.14 | -0.29 | 0.34 | — | — |
| EPS (diluted) | -0.04 | -1.14 | -10.3 | -3.14 | -0.29 | 0.34 | — | -2.22 |
| Book value per share | 0.11 | -0.59 | 10.7 | 5.57 | 11 | 7.04 | — | 11 |
| FCF per share | -0.06 | -0.95 | -6.66 | -2.01 | -6.13 | -4.37 | — | -11.1 |
| Cash per share | 0.02 | 0.47 | 2.69 | 1.26 | 4.13 | 2.19 | — | 15 |
| Capex per share | 0.05 | 0.97 | 7.19 | 1.53 | 4.82 | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 187.4% | 1K% | 498.3% | 110.7% | 254.2% | — | — | — |
| Capex / operating cash flow | -173.4% | -124.7% | -79.3% | -92.8% | -361.3% | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $59M |
| — |
| FY21 | — | -$1.14 | — | — | $5M | — |
| FY20 | — | -$0.04 | — | — | $1.4M | — |
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 26 |
|---|
| Q4 26 |
|---|
| Revenue | $34.4M | $42.6M | $54M | $58.4M | $52.8M | $116.1M | $144.8M | $187.3M | $240.3M | $184.7M | $144.8M | $137.2M |
| YoY change | — | +209.5% | +376.3% | +70.6% | +53.4% | +172.8% | +168.4% | +220.9% | +355.4% | +59% | -0.02% | -26.7% |
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 | 1.2M | 24.8M | 110M | 68.9M | 411.1M | 564.5M | 5.9B |
| Receivables | — | — | — | 0 | 152K | 1.6M | 21.1M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 1.6M | 25.7M | 160.3M | 89.2M | 452.4M | 641.2M | 7.9B |
| Property, plant & equipment | 6M | 9.2M | 235M | 89.4M | 467.2M | 1.3B | 6B |
| Goodwill & intangibles | 721.2K | 836.8K | 1.3M | 0 | — | — | 708M |
| Total assets | 7.3M | 85.4M | 570.5M | 332.1M | 1.2B | 2.9B | 15.8B |
| Accounts payable | 476.8K | 346K | 13.2M | 11.5M | 27.3M | 81.7M | 1.3B |
| Short-term debt | 1.2M | 45.7M | 60.5M | 192K | 214K | 404K | 295.3M |
| Total current liabilities | 1.7M | 108.2M | 85.1M | 24M | 51M | 149.3M | 2.2B |
| Long-term debt | 0 | 7.5M | 47.8M | 1.3M | 1.4M | 963.8M | 7.5B |
| Total liabilities | 1.7M | 116.8M | 133.1M | 26.7M | 55.7M | 1.1B | 11.6B |
| Shareholders' equity | 5.6M | -31.4M | 437.4M | 305.4M | 1.1B | 1.8B | 4.2B |
| Total debt | 1.2M | 53.2M | 108.3M | 1.4M | 1.7M | 964.2M | 7.8B |
| Net debt | 3.2K | 28.5M | -1.7M | -67.4M | -402.9M | 399.7M | 1.9B |
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 | Q4 23 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 68.9M | 91.6M | 263.1M | 411.1M | 98.6M | 455.6M | 196M | 564.5M | 1B | 3.3B | 2.2B | 5.9B |
| Receivables | 0 | 635K | 567K | 152K | 126K | 88K | 2K | 1.6M | 24.1M | 9.6M | 69.1M | 21.1M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 89.2M | 109.2M | 310.2M | 452.4M | 158.8M | 525.2M | 255.9M | 641.2M | 1.1B | 3.4B | 2.4B | 7.9B |
| Property, plant & equipment | 89.4M | 110M | 188.9M | 467.2M | 807.8M | 861.1M | 1.2B | 1.3B | 1.4B | 2.5B | 3.7B | 6B |
| Goodwill & intangibles | 0 | — | — | — | — | — | — | — | — | 215.1M | 217.6M | 708M |
| Total assets | 332.1M | 417.2M | 723.6M | 1.2B | 1.3B | 1.9B | 2B | 2.9B | 4.3B | 7B | 7.3B | 15.8B |
| Accounts payable | 11.5M | 17.5M | 24.3M | 27.3M | 120.8M | 144.6M | 172.3M | 81.7M | 70.9M | 232.6M | 97M | 1.3B |
| Short-term debt | 192K | 209K | 205K | 214K | 368K | 318.6M | 322.8M | 404K | 400K | 62.3M | 122.7M | 295.3M |
| Total current liabilities | 24M | 32.3M | 41.5M | 51M | 146M | 559M | 553.1M | 149.3M | 203.7M | 682.1M | 651.4M | 2.2B |
| Long-term debt | 1.3M | 1.1M | 1.5M | 1.4M | 2.2M | 1.3M | 1.2M | 963.8M | 965.2M | 3.8B | 3.8B | 7.5B |
| Total liabilities | 26.7M | 35.3M | 46.4M | 55.7M | 151.7M | 565.8M | 564.2M | 1.1B | 1.4B | 4.5B | 4.6B | 11.6B |
| Shareholders' equity | 305.4M | 381.8M | 677.2M | 1.1B | 1.1B | 1.3B | 1.4B | 1.8B | 2.9B | 2.5B | 2.7B | 4.2B |
| Total debt | 1.4M | 1.4M | 1.7M | 1.7M | 2.6M | 319.9M | 324.1M | 964.2M | 965.6M | 3.8B | 4B | 7.8B |
| Net debt | -67.4M | -88.9M | -258M | -402.9M | -96M | -107.4M | 139.7M | 399.7M | -66.6M | 582M | 1.8B | 1.9B |
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 | -2.1M | -60.4M | -419.8M | -171.9M | -29M | 86.9M | -702.6M |
| Depreciation & amortization | 757K | 1.3M | 7.7M | 30.9M | 50.6M | 181.1M | 417.7M |
| Stock-based compensation | 179K | 805K | 13.9M | 14.4M | 23.6M | 42.6M | 205M |
| Change in working capital | -286K | 890K | 2.3M | 22.4M | 5.9M | 11.9M | 1.9B |
| Operating cash flow | -1.5M | -41.3M | -371.2M | -90.1M | -132.8M | 245.9M | 2.1B |
| Capital expenditure | -2.6M | -51.5M | -294.2M | -83.6M | -479.9M | — | — |
| Investing cash flow | -2.7M | -51.7M | -318.1M | -71.5M | -498.5M | -19M | -295.9M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 4.2M | 74.9M | 372M | 28.2M | 782.1M | 1.3B | 9.7B |
| Net change in cash | -10.1K | -18M | -317.3M | -133.3M | 150.8M | 1.5B | 11.5B |
| Free cash flow | -3.2M | -50.4M | -272.7M | -110M | -610.8M | -1.1B | -2.4B |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | — | — | — | — | — | — | — | — | 384.6M | -155.4M | -247.8M | -684M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | 85.2M | 99.2M | 121.2M | 112.1M |
| Stock-based compensation | — | — | — | — | — | — | — | — | 72.4M | 58.2M | 31.5M | 42.9M |
| Change in working capital | — | — | — | — | — | — | — | — | 64.2M | -16.8M | 28.2M | 1.8B |
| Operating cash flow | — | — | — | — | — | — | — | — | 142.4M | 71.7M | 75.3M | 1.8B |
| Capital expenditure | -17.8M | -46.2M | -119.3M | -296.6M | -382.9M | -179.8M | -442.2M | — | — | — | — | — |
| Investing cash flow | -17.8M | -46.2M | -113.7M | -310.5M | -337.6M | -180.3M | -443.4M | -13.5M | -266K | -14.1M | -144.7M | -44.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 9M | 65.1M | 256.7M | 451.4M | 84.6M | 145.2M | 106.8M | 646.3M | 599.5M | 1.3B | 355M | 5.7B |
| Net change in cash | -8.8M | 18.9M | 142.9M | 140.9M | -253M | -35M | -336.6M | 632.8M | 741.6M | 1.4B | 285.7M | 7.5B |
| Free cash flow | -13.9M | -28.8M | -92.6M | -291.8M | -436.8M | -296.8M | -654.7M | 49.2M | -138.3M | -765.2M | -1.3B | -167.1M |