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 | $0.17 | $0.37 | +117.6% | — | $159M | — |
| Q1 26 | $0.12 | $0.17 | +41.7% | — | $143.1M | — |
| Q4 25 | $0.26 | $0.35 | +34.6% | — | $146M | — |
| Q3 25 | $0.17 | $0.28 | +64.7% | — | $124.5M | — |
| Q2 25 | $0.12 | $0.07 | -41.7% | — | $115.4M | — |
| Q1 25 | $0.05 | $0.06 | +20.0% | — | $103.6M | — |
| Q4 24 | $0.18 | $0.26 | +44.4% | — | $115.5M | — |
| Q3 24 | $0.12 | $0.17 | +41.7% | — | $92.9M | — |
| Q2 24 | $0.02 | $0.08 | +300.0% | — | $84.9M | — |
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 | — | $1.95 | — | — | $489.5M | — |
| FY24 | — | -$0.06 | — | — | $371.5M | — |
| FY23 | — | -$0.42 | — | — | $304.5M | — |
| FY22 | — | -$1.47 | — | — | $228.3M | — |
| FY21 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $37.4M | $51.1M | $71.4M | $228.3M | $304.5M | $371.5M | $489.5M |
| YoY change | — | +36.8% | +39.7% | +219.7% | +33.4% | +22% | +31.8% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 37.4M | 51.1M | 71.4M | 228.3M | 304.5M | 371.5M | 489.5M |
| Cost of revenue | — | 9.8M | 14.4M | 79.7M | 81.9M | 92.3M | 108.6M |
| Gross profit | 37.4M | 41.4M | 57M | 148.6M | 222.6M | 279.2M | 380.8M |
| Gross margin | 100% | 80.9% | 79.8% | 65.1% | 73.1% | 75.1% | 77.8% |
| Research & development | 20.4M | 25.1M | 32.3M | 102.5M | 101M | 113.1M | 128.4M |
| Selling, general & administrative | 27.4M | 26.8M | 45.1M | 140.5M | 151.7M | 174.1M | 233.5M |
| Operating expenses | 55.8M | 51.9M | 77.5M | 243M | 252.6M | 287.1M | 361.9M |
| Operating income | -18.4M | -10.6M | -20.5M | -94.4M | -30M | -8M | 19M |
| Operating margin | -49.2% | -20.6% | -28.6% | -41.4% | -9.85% | -2.15% | 3.88% |
| Non-operating income, net | 161K | 201K | -901.5K | 3.1M | 2.4M | 3.4M | -25K |
| Pretax income | -18.4M | -10.4M | -21.4M | -91.3M | -27.6M | -4.6M | 32.7M |
| Income tax | 0 | 0 | -80.5K | 312K | 616K | -71K | -118.2M |
| Net income | -18.4M | -10.4M | -21.3M | -91.6M | -28.2M | -4.6M | 150.8M |
| Net margin | -49.1% | -20.3% | -29.8% | -40.1% | -9.25% | -1.23% | 30.8% |
| EBITDA | -17.8M | -10.1M | -19.1M | -88.3M | -19.2M | -2.4M | 32.2M |
| EPS | -0.28 | -0.11 | -0.22 | -1.47 | -0.42 | -0.06 | 1.95 |
| Diluted EPS | -0.28 | -0.11 | -0.22 | -1.5 | -0.42 | -0.06 | 1.77 |
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 | 78.6M | 87M | 78.2M | 84.9M | 92.9M | 115.5M | 103.6M | 115.4M | 124.5M | 146M | 143.1M | 159M |
| Cost of revenue | 20.7M | 26.8M | 18.2M | 21.2M | 22.9M | 30M | 20.1M | 24.9M | 27.4M | 36.3M | 32.6M | 32.1M |
| Gross profit | 57.9M | 60.1M | 60M | 63.6M | 70M | 85.5M | 83.5M | 90.5M | 97.1M | 109.7M | 110.6M | 126.9M |
| Gross margin | 73.6% | 69.2% | 76.7% | 75% | 75.4% | 74% | 80.6% | 78.4% | 78% | 75.1% | 77.3% | 79.8% |
| Research & development | 24.6M | 26M | 27.3M | 27M | 29M | 29.8M | 30.4M | 32.3M | 32.4M | 33.3M | 39.3M | 47.4M |
| Selling, general & administrative | 39.8M | 38.5M | 39.1M | 39M | 46M | 50M | 51M | 56.3M | 59M | 67.2M | 79.4M | 79.6M |
| Operating expenses | 64.4M | 64.5M | 66.4M | 66M | 75M | 79.8M | 81.4M | 88.5M | 91.4M | 100.5M | 118.6M | 127M |
| Operating income | -6.5M | -4.3M | -6.4M | -2.4M | -5M | 5.7M | 2.2M | 2M | 5.7M | 9.1M | -8.1M | -57K |
| Operating margin | -8.28% | -4.99% | -8.15% | -2.78% | -5.33% | 4.95% | 2.11% | 1.73% | 4.57% | 6.24% | -5.64% | -0.04% |
| Non-operating income, net | -204K | 1.6M | -2M | -3.1M | 7.9M | 564K | 2M | 4.6M | -181K | -2.1M | -4.6M | -3M |
| Pretax income | -6.7M | -2.7M | -8.4M | -5.5M | 3M | 6.3M | 4.2M | 6.6M | 10.2M | 11.7M | -8.9M | 1.1M |
| Income tax | -170K | 411K | 1.4M | 5.5M | -4.7M | -2.2M | -214K | -392K | 427K | -118M | -11.7M | -4M |
| Net income | -6.5M | -3.1M | -9.8M | -11M | 7.7M | 8.5M | 4.4M | 7M | 9.8M | 129.7M | 2.8M | 5.1M |
| Net margin | -8.32% | -3.62% | -12.5% | -12.9% | 8.28% | 7.36% | 4.22% | 6.07% | 7.87% | 88.8% | 1.94% | 3.18% |
| EBITDA | -3.4M | -2.1M | -1.7M | -1.4M | -7.9M | 8.5M | 5.1M | 3.9M | 8.9M | 14.3M | 1.3M | 6.5M |
| EPS | -0.1 | — | -0.14 | -0.15 | 0.1 | — | 0.06 | 0.09 | 0.13 | — | 0.03 | 0.06 |
| Diluted EPS | -0.1 | — | -0.14 | -0.15 | 0.09 | — | 0.05 | 0.08 | 0.11 | — | 0.03 | 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 3B | 5B | 3.3B |
| Enterprise value | — | — | — | — | — | — | 2.8B | 4.8B | 3.2B |
| Shares outstanding | — | 103.6M | 148M | 154.8M | 62.2M | 66.7M | 72.1M | 77.3M | 77.3M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 32.9 | 23.9 |
| P/S | — | — | — | — | — | — | 8.01 | 10.1 | 5.85 |
| P/B | — | — | — | — | — | — | 8.3 | 9.04 | 5.44 |
| EV/EBITDA | — | — | — | — | — | — | -1.2K | 148.2 | 127.9 |
| EV/Sales | — | — | — | — | — | — | 7.59 | 9.75 | 5.58 |
| Earnings yield | — | — | — | — | — | — | — | 3.04% | 4.18% |
| FCF yield | — | — | — | — | — | — | 0.92% | 1.64% | 2.29% |
| PEG | — | — | — | — | — | — | — | — | -0.72 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | 100% | 80.9% | 79.8% | 65.1% | 73.1% | 75.1% | 77.8% | 79.8% |
| Operating margin | — | -49.2% | -20.6% | -28.6% | -41.4% | -9.85% | -2.15% | 3.88% | -0.04% |
| Net margin | — | -49.1% | -20.3% | -29.8% | -40.1% | -9.25% | -1.23% | 30.8% | 25.7% |
| ROE | — | -40.1% | -25.3% | -13.4% | -37.5% | -11.4% | -1.27% | 27.5% | 30.1% |
| ROA | — | -33.8% | -18.9% | -11.1% | -27% | -8.76% | -1.03% | 15.7% | 0.45% |
| ROIC | — | -338.7% | -149.3% | -96.5% | -53.2% | -16.3% | -3.99% | 5.21% | 1.45% |
| Return on tangible assets | — | -34.7% | -19.3% | -15% | 276.7% | 77.2% | -4.89% | 24.6% | 26.8% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 6.49 | 4.04 | 6.19 | 1.63 | 1.86 | 3.12 | 6.26 | 5.6 |
| Quick ratio | — | 6.49 | 4.04 | 6.14 | 1.5 | 1.8 | 3.01 | 6.16 | 5.46 |
| Debt / equity | — | 0 | 0.05 | 0.06 | 0.03 | 0.02 | 0 | 0.57 | 0.51 |
| Debt / assets | — | 0 | 0.04 | 0.05 | 0.02 | 0.02 | 0 | 0.32 | 0.3 |
| Net debt / EBITDA | — | 2.26 | 3.34 | 7.19 | 0.76 | 3.3 | 65.5 | -5.71 | -4.95 |
| Interest coverage | — | -149.8 | — | — | — | — | — | — | — |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0.36 | 0.35 | 0.46 | 3.67 | 4.56 | 5.15 | 6.34 | 2.4 |
| EPS (basic) | — | -0.28 | -0.11 | -0.22 | -1.47 | -0.42 | -0.06 | 1.95 | 1.95 |
| EPS (diluted) | — | -0.28 | -0.11 | -0.22 | -1.5 | -0.42 | -0.06 | 1.77 | 1.72 |
| Book value per share | — | 0.44 | 0.28 | 1.02 | 3.93 | 3.7 | 4.97 | 7.1 | 7.56 |
| FCF per share | — | -0.19 | -0.03 | -0.05 | -0.93 | 0.08 | 0.38 | 1.05 | 1.15 |
| Cash per share | — | 0.39 | 0.24 | 0.95 | 1.21 | 1.03 | 2.21 | 6.4 | 5.71 |
| Capex per share | — | — | — | 0 | 0 | 0.01 | 0.02 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 0.11% | 0% | 0.17% | 0.32% | — | — |
| Capex / operating cash flow | — | — | — | -0.49% | 0% | 4.02% | 3.5% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| -$0.22 |
| — |
| — |
| $71.4M |
| — |
| FY20 | — | -$0.11 | — | — | $51.1M | — |
| FY19 | — | -$0.28 | — | — | $37.4M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $78.6M | $87M | $78.2M | $84.9M | $92.9M | $115.5M | $103.6M | $115.4M | $124.5M | $146M | $143.1M | $159M |
| YoY change | +37.6% | +21.9% | +14.8% | +19.9% | +18.1% | +32.8% | +32.5% | +36% | +34.1% | +26.4% | +38.1% | +37.8% |
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 | 63.8M | 40.5M | 35.8M | 146.4M | 75.4M | 69M | 159.2M | 494.3M |
| Receivables | 3.6M | 5M | 5.7M | 7.5M | 33.1M | 42.2M | 58M | 80.7M |
| Inventory | — | — | — | 1.3M | 10.8M | 4.1M | 8.1M | 9.9M |
| Total current assets | 69.7M | 50.2M | 50M | 162.7M | 142.7M | 131.4M | 241M | 606.1M |
| Property, plant & equipment | 190.2K | 346.8K | 2.2M | 1.7M | 393K | 730K | 1.8M | 3M |
| Goodwill & intangibles | 1.3M | 1.3M | 968.8K | 49.6M | 372.7M | 358.2M | 348.5M | 345.8M |
| Total assets | 71.2M | 54.2M | 54.7M | 191.7M | 339.6M | 321.7M | 441.6M | 959.7M |
| Accounts payable | 1.8M | 313.8K | 1.5M | 2.1M | 13.8M | 5.9M | 5.5M | 8.4M |
| Short-term debt | 1M | — | 925.6K | 3.7M | 4.3M | 3.8M | — | — |
| Total current liabilities | 8.1M | 7.7M | 12.4M | 26.3M | 87.6M | 70.8M | 77.3M | 96.8M |
| Long-term debt | 2.1M | 69.1K | 1M | 5.4M | 4.1M | 1.8M | 359K | 310.4M |
| Total liabilities | 10.9M | 8.4M | 13.8M | 33.2M | 95.1M | 74.7M | 83M | 411.5M |
| Shareholders' equity | 60.3M | 45.8M | 40.9M | 158.5M | 244.5M | 247.1M | 358.5M | 548.2M |
| Total debt | 3.1M | 69.1K | 1.9M | 9.1M | 8.4M | 5.6M | 359K | 310.4M |
| Net debt | -60.7M | -40.4M | -33.8M | -137.3M | -67.1M | -63.4M | -158.9M | -183.9M |
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 | 61.8M | 69M | 73.4M | 160.8M | 159M | 159.2M | 168.9M | 432.7M | 455.7M | 494.3M | 457.3M | 465M |
| Receivables | 39.7M | 42.2M | 37M | 40.6M | 48.9M | 58M | 52M | 58.9M | 66.1M | 80.7M | 95M | 98.6M |
| Inventory | 10.9M | 4.1M | 6.3M | 5.5M | 13.8M | 8.1M | 9.6M | 9.7M | 14.1M | 9.9M | 15.1M | 14.7M |
| Total current assets | 124.9M | 131.4M | 131.5M | 218.4M | 235.4M | 241M | 250.1M | 521.2M | 557M | 606.1M | 590M | 599.5M |
| Property, plant & equipment | 801K | 730K | 684K | 1.7M | 2.5M | 1.8M | 2.6M | 3M | 3.2M | 3M | 2.9M | 2.7M |
| Goodwill & intangibles | 361.8M | 358.2M | 355.9M | 354.4M | 351.9M | 348.5M | 355.3M | 354.3M | 349.2M | 345.8M | 510.5M | 502.2M |
| Total assets | 316.4M | 321.7M | 318.8M | 405.9M | 427.4M | 441.6M | 455.4M | 753.6M | 787.5M | 959.7M | 1B | 1.1B |
| Accounts payable | 12.9M | 5.9M | 9.4M | 10M | 19.1M | 5.5M | 5.2M | 3M | 8.9M | 8.4M | 22M | 15.5M |
| Short-term debt | 3.9M | 3.8M | 4.4M | 349K | 356K | — | — | — | — | — | — | — |
| Total current liabilities | 72.7M | 70.8M | 74M | 77.6M | 85.3M | 77.3M | 74M | 73M | 81.9M | 96.8M | 109.8M | 107M |
| Long-term debt | 1.8M | 1.8M | 1.8M | 544K | 453K | 359K | 263K | 309.5M | 309.9M | 310.4M | 310.9M | 311.5M |
| Total liabilities | 76.1M | 74.7M | 78.9M | 79.2M | 87.7M | 83M | 79.1M | 386.9M | 396M | 411.5M | 443.2M | 438.5M |
| Shareholders' equity | 240.3M | 247.1M | 239.8M | 326.7M | 339.7M | 358.5M | 376.3M | 366.7M | 391.4M | 548.2M | 597.6M | 613.4M |
| Total debt | 5.7M | 5.6M | 6.2M | 893K | 809K | 359K | 263K | 309.5M | 309.9M | 310.4M | 310.9M | 311.5M |
| Net debt | -56.2M | -63.4M | -67.2M | -159.9M | -158.2M | -158.9M | -168.6M | -123.2M | -145.8M | -183.9M | -40.3M | 44.4M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | — | -16.3M | -33.6M | -91.6M | -28.2M | -4.6M | 150.8M |
| Depreciation & amortization | — | 657K | 876K | 9.2M | 10M | 10.1M | 13.7M |
| Stock-based compensation | — | 8.1M | 11.8M | 34.7M | 38.5M | 42.3M | 55.5M |
| Change in working capital | — | -4.9M | -4.2M | -5.7M | -8.9M | -15.9M | -17.2M |
| Operating cash flow | — | -5.5M | -16.7M | -57.2M | 12.6M | 33.9M | 88.6M |
| Capital expenditure | — | — | -81K | 0 | -506K | -1.2M | — |
| Investing cash flow | -213K | -414K | -7M | -110.9M | -506K | -6.2M | -27.8M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -1.5M | — | — | — | — | — | — |
| Financing cash flow | 41.3M | -728.5K | 120.7M | 25.3M | -30.8M | 52.7M | 212.6M |
| Net change in cash | 41.1M | -6.6M | 97M | -142.8M | -18.7M | 80.4M | 273.4M |
| Free cash flow | -19.3M | -5M | -7.8M | -57.8M | 5.3M | 27.5M | 81.1M |
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 | 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 | -6.5M | -3.1M | -9.8M | -11M | 7.7M | 8.5M | 4.4M | 7M | 9.8M | 129.7M | 2.8M | 5.1M |
| Depreciation & amortization | 2.5M | 2.4M | 2.4M | 2.4M | 2.5M | 2.8M | 2.9M | 3.2M | 4M | 3.6M | 5.5M | 5.7M |
| Stock-based compensation | 9.5M | 10.8M | 8.3M | 10.8M | 11.5M | 11.8M | 9.9M | 15.2M | 14.9M | 15.5M | 16.3M | 22.8M |
| Change in working capital | 646K | -2.1M | 7.3M | -2.4M | -5.7M | -15.1M | 5.4M | -8.8M | -3.3M | -10.4M | 6.6M | -9.9M |
| Operating cash flow | 6.1M | 9.9M | 9.2M | 139K | 15.3M | 9.2M | 22.9M | 13.3M | 26.4M | 36.8M | 17.2M | 23.8M |
| Capital expenditure | 0 | -480K | 0 | -51K | -12K | -1.1M | -124K | — | — | — | — | — |
| Investing cash flow | 0 | -480K | 0 | -51K | -12K | -1.1M | -2.9M | -25M | 0 | 0 | -162M | -108.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -2.8M | -2.6M | -8.1M | -12.1M | -8.3M | -14.2M | 2.2M | -71.3M | -22.8M | -15.5M | 3.4M | -25.6M |
| Net change in cash | 3.2M | 6.8M | 1.1M | -12M | 7M | -6.1M | 22.1M | -83M | 3.6M | 21.3M | -141.4M | -110.4M |
| Free cash flow | 3.7M | 8M | 9.6M | 2M | 5.4M | 10.5M | 10.5M | 10.6M | 24.6M | 35.4M | 15.6M | 22.9M |