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 % |
|---|---|---|---|---|---|---|
| Q4 29 | $0.28 | $0.53 | +89.3% | — | — | — |
| Q3 29 | $0.47 | $0.38 | -19.1% | — | — | — |
| Q2 29 | $0.4 | $0.42 | +5.0% | — | — | — |
| Q1 29 | -$0.24 | -$0.23 | +4.2% | — | — | — |
| Q4 28 | -$0.24 | -$0.25 | -4.2% | — | — | — |
| Q3 28 | -$0.23 | -$0.2 | +13.0% | — | — | — |
| Q2 28 | -$0.28 | -$0.22 | +21.4% | — | — | — |
| Q1 28 | -$0.4 | -$0.29 | +27.5% | — | — | — |
| Q4 27 | -$0.48 | -$0.26 | +45.8% | — | — | — |
| Q3 27 | -$0.46 | -$0.46 | 0.0% | — | — | — |
| Q2 27 | -$0.46 | -$0.46 | 0.0% | — | — | — |
| Q1 27 | -$0.38 | -$0.44 | -15.8% | — | — | — |
| Q4 26 | -$0.38 | -$0.44 | -15.8% | — | — | — |
| Q3 26 | -$0.33 | -$0.44 | -33.3% | — | — | — |
| Q2 26 | -$0.33 | -$0.44 | -33.3% | — | — | — |
| Q1 26 | -$0.28 | -$0.31 | -10.7% | — | — | — |
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 | — | $1.14 | — | — | $387.6M | — |
| FY24 | — | $0.78 | — | — | $254.9M | — |
| FY23 | — | $0.03 | — | — | $159.8M | — |
| FY22 | — | -$1.6 | — | — | $10.4M | — |
| FY21 | — | -$1.77 | — |
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 | $10.5M | $0 | $10.4M | $159.8M | $254.9M | $387.6M |
| YoY change | — | -100% | +InfinityT% | +1.4K% | +59.6% | +52% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 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 | 10.5M | 0 | 10.4M | 159.8M | 254.9M | 387.6M |
| Cost of revenue | — | — | — | 5.9M | 6.5M | 6.7M |
| Gross profit | — | — | — | 153.9M | 248.4M | 380.9M |
| Gross margin | — | — | — | 96.3% | 97.4% | 98.3% |
| Research & development | 17.3M | 23.3M | 42.8M | — | — | — |
| Selling, general & administrative | 9.1M | 10.8M | 14M | 128.8M | 171.1M | 269M |
| Operating expenses | 26.4M | 34M | 56.8M | 151.1M | 194.2M | 302.6M |
| Operating income | -15.9M | -34M | -46.4M | -2.9M | 48.7M | 72.9M |
| Operating margin | -152.2% | — | -446.8% | -1.82% | 19.1% | 18.8% |
| Non-operating income, net | -319K | 238K | 1.1M | 117K | 185K | 161K |
| Pretax income | -16.2M | -33.8M | -45.3M | 2.3M | 53.9M | 75.7M |
| Income tax | — | — | — | 586K | 5.1M | 4.6M |
| Net income | -16.2M | -33.8M | -45.3M | 1.7M | 48.8M | 71.2M |
| Net margin | -155.2% | — | -436.6% | 1.06% | 19.2% | 18.4% |
| EBITDA | -14.6M | -32.7M | -44.7M | 8.7M | 60M | 85.2M |
| EPS | -1.77 | -1.77 | -1.6 | 0.03 | 0.78 | 1.14 |
| Diluted EPS | -1.77 | -1.77 | -1.6 | 0.03 | 0.78 | 1.14 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q4 24 | Q1 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 353K | 0 | 235K | 66.5M | 94.9M | 93.8M | 110.1M | 193.1M | 189.6M |
| Cost of revenue | — | — | — | — | — | 1.6M | 1.6M | 1.7M | 2.1M | 3.2M | 4M |
| Gross profit | — | — | — | — | — | 65M | 93.3M | 92.1M | 108M | 189.9M | 185.5M |
| Gross margin | — | — | — | — | — | 97.7% | 98.3% | 98.2% | 98.1% | 98.3% | 97.9% |
| Research & development | 9.4M | 9.8M | 10.3M | 12.8M | 13.4M | — | — | — | — | — | — |
| Selling, general & administrative | 3.4M | 3.7M | 2.6M | 3.2M | 3.5M | 44.8M | 69.8M | 65.9M | 73.3M | 324.8M | 152M |
| Operating expenses | 12.8M | 13.6M | 13M | 16M | 16.9M | 51.2M | 79.4M | 73.7M | 82.3M | 351.8M | 165.9M |
| Operating income | -12.8M | -13.6M | -12.6M | -16M | -16.6M | 12.5M | 12.5M | 17.1M | 24.5M | -163.3M | 18.1M |
| Operating margin | — | — | -3.6K% | — | -7.1K% | 18.8% | 13.2% | 18.2% | 22.2% | -84.6% | 9.56% |
| Non-operating income, net | 835K | 1.2M | 1.3M | 1.2M | 1.1M | 24K | 32K | 42K | 61K | 53K | 52K |
| Pretax income | -12M | -12.3M | -11.3M | -14.8M | -15.5M | 13.7M | 13.1M | 17.7M | 25.1M | -162.5M | 19.3M |
| Income tax | — | — | — | — | — | 4.2M | 864K | 1.9M | 564K | 3.8M | -211K |
| Net income | -12M | -12.3M | -11.3M | -14.8M | -15.5M | 9.5M | 12.2M | 15.9M | 24.6M | -166.4M | 19.5M |
| Net margin | — | — | -3.2K% | — | -6.6K% | 14.4% | 12.9% | 16.9% | 22.3% | -86.2% | 10.3% |
| EBITDA | -12M | -13M | -11.6M | -15.6M | -15.9M | 15.1M | 15.6M | 20.1M | 27.4M | -160.3M | 21.8M |
| EPS | -0.29 | -0.22 | -0.2 | — | -0.23 | — | 0.2 | — | 0.39 | -3.57 | 0.31 |
| Diluted EPS | -0.29 | -0.22 | -0.2 | — | -0.23 | — | 0.2 | — | 0.39 | -3.57 | 0.3 |
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 | — | — | — | — | — | — | — | — | 3.3B |
| Enterprise value | — | — | — | — | — | — | — | — | 2B |
| Shares outstanding | — | — | 9.2M | 19.1M | 28.4M | 62.6M | 62.6M | 62.6M | 62.6M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 22.5 |
| P/S | — | — | — | — | — | — | — | — | 5.33 |
| P/B | — | — | — | — | — | — | — | — | 4.37 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -20.6 |
| EV/Sales | — | — | — | — | — | — | — | — | 3.44 |
| Earnings yield | — | — | — | — | — | — | — | — | 4.44% |
| FCF yield | — | — | — | — | — | — | — | — | 6.15% |
| PEG | — | — | — | — | — | — | — | — | 0.39 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | 96.3% | 97.4% | 98.3% | 97.9% |
| Operating margin | — | — | -152.2% | — | -446.8% | -1.82% | 19.1% | 18.8% | 9.56% |
| Net margin | — | — | -155.2% | — | -436.6% | 1.06% | 19.2% | 18.4% | -18.1% |
| ROE | — | — | -51.5% | -31% | -63.6% | -1.06% | -45.6% | -295% | -26.1% |
| ROA | — | — | -41.9% | -29.2% | -47.3% | 0.6% | 12.3% | 13.8% | -11.1% |
| ROIC | — | — | — | — | — | 0.75% | -21.2% | -46.4% | -33.5% |
| Return on tangible assets | — | — | -41.9% | -29.2% | -47.3% | 0.61% | 12.5% | 14% | -15.4% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | 6.06 | 18.9 | 5.83 | 5.49 | 2.59 | 2.17 | 1.52 |
| Quick ratio | — | — | 6.06 | 18.9 | 5.83 | 5.49 | 2.59 | 2.17 | 1.52 |
| Debt / equity | — | — | 0.07 | 0.01 | 0.16 | -0.01 | -0.02 | -0.1 | 0 |
| Debt / assets | — | — | 0.06 | 0.01 | 0.12 | 0 | 0.01 | 0 | 0 |
| Net debt / EBITDA | — | — | 2.01 | 3.26 | 1.22 | -14.7 | -1.68 | -1.45 | 1.83 |
| Interest coverage | — | — | — | — | — | 4.15 | 91.6 | 24.9 | -34.5 |
| Effective tax rate | — | — | — | — | — | 25.8% | 9.46% | 6.06% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | 1.14 | 0 | 0.37 | 2.55 | 4.08 | 6.2 | 16.2 |
| EPS (basic) | — | — | -1.77 | -1.77 | -1.6 | 0.03 | 0.78 | 1.14 | 1.14 |
| EPS (diluted) | — | — | -1.77 | -1.77 | -1.6 | 0.03 | 0.78 | 1.14 | -1.67 |
| Book value per share | — | — | 3.44 | 5.72 | 2.51 | -2.54 | -1.71 | -0.39 | 7.47 |
| FCF per share | — | — | -1.69 | -1.74 | -1.53 | -0.67 | -0.25 | 0.48 | 1.08 |
| Cash per share | — | — | 3.46 | 5.66 | 2.33 | 2.06 | 1.65 | 2.01 | 2.64 |
| Capex per share | — | — | 0.02 | 0.01 | 0.05 | 0.01 | 0.01 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 1.76% | — | 14.1% | 0.2% | 0.3% | — | — |
| Capex / operating cash flow | — | — | -1.15% | -0.48% | -2.85% | -0.83% | 13.2% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$1.77 | — | — | $10.5M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $353K | $0 | $235K | $66.5M | $94.9M | $93.8M | $110.1M | $193.1M | $189.6M |
| YoY change | — | — | — | — | +InfinityT% | +InfinityT% | +40.3K% | — | +65.5% | +103.5% | — |
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 | 49.5M | — | 31.7M | 107.9M | 66.1M | 129M | 103.4M | 126M |
| Receivables | — | — | — | — | — | 17.7M | 45.4M | 65.3M |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 50.8M | — | 35.5M | 113.6M | 80.9M | 148.9M | 174.8M | 245.8M |
| Property, plant & equipment | 1.9M | — | 3M | 1.8M | 4.3M | 8.3M | 10M | 10.4M |
| Goodwill & intangibles | — | — | — | — | — | 4.5M | 4.9M | 5.8M |
| Total assets | 52.7M | — | 38.7M | 115.5M | 95.8M | 279.7M | 395.9M | 515.3M |
| Accounts payable | 1M | — | 1.4M | 1M | 3.1M | 13.1M | 33.7M | 66.8M |
| Short-term debt | 7.8M | — | 861K | 980K | 894K | 549K | 753K | 1.1M |
| Total current liabilities | 8.8M | — | 5.9M | 6M | 13.9M | 27.1M | 67.6M | 113.2M |
| Long-term debt | 8.3M | — | 1.4M | 398K | 10.6M | 249K | 1.9M | 1.2M |
| Total liabilities | 17.1M | — | 7.2M | 6.4M | 24.5M | 438.8M | 503M | 539.5M |
| Shareholders' equity | -298.7M | — | 31.5M | 109.1M | 71.3M | -159.2M | -107.2M | -24.1M |
| Total debt | 16M | — | 2.2M | 1.4M | 11.5M | 798K | 2.6M | 2.4M |
| Net debt | -6.9M | — | -14.7M | -958K | 1.6M | -24.2M | -32.5M | -88.7M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q4 24 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 114.4M | 108.6M | 102.1M | 98.2M | 84.5M | 103.4M | 129.7M | 126M | 144.6M | 168.3M |
| Receivables | — | — | — | — | — | 45.4M | 57M | 65.3M | 79.7M | 88.1M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 119.4M | 114.4M | 107.3M | 103M | 96.9M | 174.8M | 234.9M | 245.8M | 259.4M | 302M |
| Property, plant & equipment | 7.1M | 7.7M | 12.5M | 7.3M | 7M | 10M | 7.9M | 10.4M | 10.3M | 11M |
| Goodwill & intangibles | — | — | — | — | — | 4.9M | 4.8M | 5.8M | 5.8M | 5.7M |
| Total assets | 136.8M | 132.7M | 125.1M | 120.7M | 113.3M | 395.9M | 488.3M | 515.3M | 619.4M | 696.1M |
| Accounts payable | 4M | 516K | 2M | 3.5M | 4.9M | 33.7M | 73.4M | 66.8M | 76.6M | 89.8M |
| Short-term debt | 801K | 1.1M | 1.2M | 1.3M | 1.1M | 753K | 1M | 1.1M | 1.1M | 1M |
| Total current liabilities | 13.7M | 12.4M | 12.9M | 16.4M | 16M | 67.6M | 108.1M | 113.2M | 155M | 199M |
| Long-term debt | 13.5M | 14.3M | 14M | 13.8M | 13M | 1.9M | 1.5M | 1.2M | 922K | 742K |
| Total liabilities | 27.1M | 26.7M | 26.9M | 30.2M | 29M | 503M | 537.2M | 539.5M | 178M | 219.9M |
| Shareholders' equity | 109.7M | 106.1M | 98.2M | 90.5M | 84.3M | -107.2M | -48.9M | -24.1M | 441.3M | 476.2M |
| Total debt | 14.3M | 15.4M | 15.2M | 15.1M | 14.1M | 2.6M | 2.5M | 2.4M | 2.1M | 1.8M |
| Net debt | -6.4M | 3.1M | 5.4M | -7.4M | 7.3M | -32.5M | -81.7M | -88.7M | -105.9M | -110.4M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -16.2M | -33.8M | -45.3M | 1.7M | 48.8M | 71.2M |
| Depreciation & amortization | 1.3M | 1.3M | 1.7M | 5.7M | 5.5M | 6.3M |
| Stock-based compensation | 1.5M | 1.6M | 2.2M | 3.6M | 3.2M | 10.6M |
| Change in working capital | -2.9M | 743K | -9.8M | -46.9M | -53M | -55.6M |
| Operating cash flow | -16.1M | -29.8M | -51.3M | -38.8M | 5.9M | 36.2M |
| Capital expenditure | -184K | -142K | -1.5M | -323K | -776K | — |
| Investing cash flow | 6.9M | -91.6M | 47.2M | -4.6M | 2.9M | 38.1M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 16.1M | 110M | 5.4M | -2M | 21.6M | -13.1M |
| Net change in cash | 7M | -11.4M | 1.3M | -45.3M | 30.5M | 61.3M |
| Free cash flow | -15.5M | -33.3M | -43.5M | -42M | -15.5M | 29.9M |
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 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q4 24 | Q1 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -12M | -12.3M | -11.3M | -14.8M | -15.5M | 9.5M | 12.2M | 15.9M | 24.6M | -166.4M | 19.5M |
| Depreciation & amortization | 755K | 586K | 993K | 407K | 770K | 1.3M | 1.6M | 1.6M | 1.6M | 1.6M | 1.9M |
| Stock-based compensation | 619K | 658K | 664K | 659K | 740K | 897K | 9.8M | 272K | 32K | 192.7M | 15.5M |
| Change in working capital | 11.9M | 999K | -1.3M | -501K | 189K | -5.5M | -11.9M | -12.1M | -25.8M | -27.4M | 352K |
| Operating cash flow | 1.3M | -10.1M | -11M | -14.2M | -13.8M | 9.7M | 10.8M | 7.2M | 4.9M | 31.2M | 35.7M |
| Capital expenditure | -1.2M | -2.4M | -557K | -17K | -17K | -242K | — | — | — | — | — |
| Investing cash flow | -38.2M | -4.2M | 4.4M | 17.8M | -1.4M | -11.4M | 3M | 3.8M | 10.8M | -50.2M | -24.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 49.5M | 8M | 2.7M | 6M | 7.7M | 23.1M | 2.7M | -5.1M | -7.1M | 37.1M | -4.4M |
| Net change in cash | 12.6M | -6.3M | -3.9M | 9.6M | -7.4M | 21.5M | 16.5M | 5.9M | 8.6M | 18.2M | 6.3M |
| Free cash flow | -1.8M | -14.4M | -10.1M | -11.1M | -22.4M | 1.1M | 9.8M | 5.4M | 2.9M | 29.3M | 33.6M |