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 25 | -$0.16 | -$0.14 | +12.5% | — | $163.3M | — |
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 | — | -$0.72 | — | — | $519.1M | — |
| FY24 | — | -$1.72 | — | — | $924.3M | — |
| FY23 | — | -$1.12 | — | — | $679M | — |
| FY22 | — | -$1.08 | — | — | $9.6M | — |
| FY21 | — | -$0.16 | — | — | $3.7M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $3.7M | $9.6M | $679M | $924.3M | $519.1M |
| YoY change | — | +159.2% | +7K% | +36.1% | -43.8% |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 3.7M | 9.6M | 679M | 924.3M | 519.1M |
| Cost of revenue | 3.1M | 7.3M | 576.8M | 894.7M | 473.9M |
| Gross profit | 557K | 2.3M | 102.2M | 29.6M | 45.2M |
| Gross margin | 15.1% | 24.1% | 15% | 3.21% | 8.71% |
| Research & development | 511.4M | 445.8M | 368.7M | 274.8M | 171M |
| Selling, general & administrative | 92.8M | 299.7M | 473.5M | 549.8M | 284.1M |
| Operating expenses | 113.5M | 689.7M | 838.1M | 815.9M | 416.6M |
| Operating income | -112.9M | -687.4M | -735.9M | -786.3M | -371.4M |
| Operating margin | -3.1K% | -7.2K% | -108.4% | -85.1% | -71.5% |
| Non-operating income, net | 1.7M | -40.5M | -12.2M | -283M | -43.7M |
| Pretax income | -108.7M | -724.3M | -749.1M | -1.1B | -450.3M |
| Income tax | 1.9M | 292K | 1.1M | 2M | 15.9M |
| Net income | -110.5M | -724.6M | -750.3M | -1.1B | -464.2M |
| Net margin | -3K% | -7.6K% | -110.5% | -119.8% | -89.4% |
| EBITDA | -104.7M | -665.2M | -672.8M | -687.7M | -288.5M |
| EPS | -0.16 | -1.08 | -1.12 | -1.72 | -0.72 |
| Diluted EPS | -0.16 | -1.08 | -1.12 | -1.72 | -0.72 |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19.1M | 110.9M | 187.9M | 361.1M | 173.1M | 225M | 254.7M | 271.5M | 92.8M | 125.5M | 137.4M | 163.3M |
| Cost of revenue | 18.9M | 105M | 160.3M | 292.6M | 142.8M | 204.4M | 246.5M | 301M | 81.7M | 118.8M | 126.6M | 146.9M |
| Gross profit | 177K | 6M | 27.6M | 68.4M | 30.3M | 20.6M | 8.2M | -29.5M | 11.1M | 6.7M | 10.9M | 16.5M |
| Gross margin | 0.93% | 5.36% | 14.7% | 19% | 17.5% | 9.15% | 3.22% | -10.9% | 12% | 5.35% | 7.91% | 10.1% |
| Research & development | 65.5M | 87.1M | 82M | 134.2M | 104.7M | 70.2M | 52.7M | 47.3M | 48.6M | 43.7M | 37.5M | 41.2M |
| Selling, general & administrative | 97.1M | 101.6M | 110.8M | 164M | 160.5M | 155.8M | 118.9M | 114.6M | 70.2M | 123.6M | 67M | 74.8M |
| Operating expenses | 161.9M | 188.6M | 191.1M | 296.5M | 263.6M | 225M | 168.2M | 159.1M | 114.1M | 167.2M | 104.4M | 82.4M |
| Operating income | -161.8M | -182.6M | -163.5M | -228.1M | -233.3M | -204.4M | -160M | -188.6M | -103M | -160.4M | -93.5M | -66M |
| Operating margin | -846% | -164.7% | -87% | -63.2% | -134.8% | -90.8% | -62.8% | -69.5% | -111% | -127.8% | -68% | -40.4% |
| Non-operating income, net | -227K | -10.7M | -6.3M | 5M | -22.5M | 3.3M | -43.2M | -220.7M | -51.6M | 33.4M | 28.8M | -2.8M |
| Pretax income | -159.7M | -193.3M | -172.2M | -224M | -258.1M | -201.8M | -205.5M | -439.9M | -182.2M | -119.9M | -64.7M | -83.5M |
| Income tax | -89K | 71K | 1.4M | -237K | 142K | 213K | 800K | 857K | 632K | 14.4M | 1.6M | -739K |
| Net income | -159.6M | -193.4M | -173.6M | -223.7M | -258.2M | -202M | -206.3M | -440.8M | -182.8M | -130.2M | -65.4M | -85.8M |
| Net margin | -834.6% | -174.3% | -92.4% | -62% | -149.2% | -89.8% | -81% | -162.3% | -197% | -103.8% | -47.6% | -52.5% |
| EBITDA | -159.5M | -179.7M | -162.1M | -226.5M | -231.5M | -197.2M | -153.8M | -181.7M | -96.7M | -153.5M | -46.7M | -29.7M |
| EPS | -0.24 | -0.27 | -0.26 | — | -0.47 | -0.3 | -0.3 | -0.66 | -0.28 | — | -0.1 | -0.14 |
| Diluted EPS | -0.24 | -0.27 | -0.26 | — | -0.47 | -0.3 | -0.3 | -0.66 | -0.28 | — | -0.1 | -0.14 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | 2.3B | 914.4M | 914.4M |
| Enterprise value | — | — | — | 3.4B | 2.7B | 2.7B |
| Shares outstanding | 673.5M | 673.5M | 673.5M | 645.2M | 648.5M | 648.5M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/S | — | — | — | 2.52 | 1.76 | 1.76 |
| P/B | — | — | — | -2.71 | -0.69 | -0.69 |
| EV/EBITDA | — | — | — | -4.96 | -9.29 | -9.29 |
| EV/Sales | — | — | — | 3.69 | 5.16 | 5.16 |
| FCF yield | — | — | — | -38.9% | -45.2% | -45.2% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | 15.1% | 24.1% | 15% | 3.21% | 8.71% | 8.71% |
| Operating margin | -3.1K% | -7.2K% | -108.4% | -85.1% | -71.5% | -71.5% |
| Net margin | -3K% | -7.6K% | -110.5% | -119.8% | -89.4% | -89.4% |
| ROE | -56.6% | 159.9% | 62% | 128.7% | 34.9% | 34.9% |
| ROA | -8.39% | -52.8% | -47.3% | -48.4% | -23.8% | -23.8% |
| ROIC | 95.8% | 129.5% | 107% | -351.6% | -85.2% | -85.2% |
| Return on tangible assets | -10.2% | -63.6% | -55.5% | -56.9% | -27% | -27% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 1.4 | 0.88 | 0.5 | 0.42 | 0.38 | 0.38 |
| Quick ratio | 1.4 | 0.86 | 0.35 | 0.35 | 0.33 | 0.33 |
| Debt / equity | 1.12 | -1.45 | -0.78 | -1.38 | -1.38 | -1.38 |
| Debt / assets | 0.17 | 0.48 | 0.59 | 0.52 | 0.94 | 0.94 |
| Net debt / EBITDA | 2.99 | 0.12 | -0.78 | -1.58 | -6.12 | -6.12 |
| Interest coverage | -29.1 | -83.8 | -72.4 | -18 | -6.11 | -6.11 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0.01 | 0.01 | 1.01 | 1.43 | 0.8 | 0.8 |
| EPS (basic) | -0.16 | -1.08 | -1.12 | -1.72 | -0.72 | -0.72 |
| EPS (diluted) | -0.16 | -1.08 | -1.12 | -1.72 | -0.72 | -0.72 |
| Book value per share | 0.29 | -0.67 | -1.8 | -1.33 | -2.05 | -2.05 |
| FCF per share | -0.24 | -0.72 | -0.89 | -1.4 | -0.64 | -0.64 |
| Cash per share | 0.79 | 1.09 | 0.62 | 0.16 | 0.11 | 0.11 |
| Capex per share | 0.05 | 0.2 | 0.31 | 0.08 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 937.8% | 1.4K% | 30.7% | 5.5% | — | — |
| Capex / operating cash flow | -5.26% | -18% | -34.9% | -6.99% | — | — |
| Payout ratio | -1.7% | 0% | 0% | — | — | — |
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Revenue | $19.1M | $110.9M | $187.9M | $361.1M | $173.1M | $225M | $254.7M | $271.5M | $92.8M | $125.5M | $137.4M | $163.3M |
| YoY change | — | — | — | — | +805.2% | +102.9% | +35.6% | -24.8% | -46.4% | -44.2% | -46% | -39.8% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 531.5M | 736.6M | 418.9M | 103.1M | 73.4M |
| Receivables | 5.9M | 8.7M | 99.1M | 224.9M | 151M |
| Inventory | 2M | 22.7M | 265.2M | 188.6M | 121.4M |
| Total current assets | 1B | 823.5M | 883.7M | 1B | 911.1M |
| Property, plant & equipment | 169.3M | 417.1M | 531.9M | 410.8M | 335.8M |
| Goodwill & intangibles | 232.2M | 232.7M | 232.7M | 338.6M | 232.9M |
| Total assets | 1.3B | 1.4B | 1.6B | 2.3B | 2B |
| Accounts payable | 0 | 7.2M | 360.5M | 472.2M | 513.2M |
| Short-term debt | 170.6M | 410.9M | 680.7M | 930.6M | 1.4B |
| Total current liabilities | 731.7M | 932.9M | 1.8B | 2.5B | 2.4B |
| Long-term debt | 47.6M | 247.7M | 261.3M | 256.3M | 438.2M |
| Total liabilities | 1.1B | 1.8B | 2.8B | 3.1B | 3.3B |
| Shareholders' equity | 195.3M | -453M | -1.2B | -860.2M | -1.3B |
| Total debt | 218.3M | 658.6M | 942M | 1.2B | 1.8B |
| Net debt | -313.2M | -78M | 523.1M | 1.1B | 1.8B |
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 | Q2 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 548.3M | 418.9M | 232.9M | 268.8M | 191.3M | 103.1M | 122.6M | 67.8M | 65.3M | 73.4M |
| Receivables | 13.6M | 99.1M | 146.1M | 92.5M | 151.1M | 224.9M | 182.3M | 164.3M | 137.5M | 151M |
| Inventory | 125.6M | 265.2M | 368.5M | 385.2M | 320.8M | 188.6M | 143.4M | 164.4M | 116.8M | 121.4M |
| Total current assets | 907.4M | 883.7M | 1.3B | 1.3B | 1.3B | 1B | 1B | 1.1B | 903.9M | 911.1M |
| Property, plant & equipment | 461.9M | 531.9M | 520.8M | 504.2M | 496.8M | 410.8M | 451.9M | 321.8M | 361M | 335.8M |
| Goodwill & intangibles | 232.7M | 232.7M | 116.4M | 116.5M | 116.5M | 338.6M | 116.5M | 324.5M | 116.5M | 232.9M |
| Total assets | 1.6B | 1.6B | 2.5B | 2.5B | 2.6B | 2.3B | 2.3B | 2.3B | 1.9B | 2B |
| Accounts payable | 156.3M | 360.5M | 444.6M | 472.1M | 549M | 472.2M | 364.5M | 442.9M | 501.1M | 513.2M |
| Short-term debt | 770.7M | 680.7M | 479M | 643.7M | 829.3M | 930.6M | 1.1B | 1.2B | 1.3B | 1.4B |
| Total current liabilities | 1.5B | 1.8B | 1.7B | 1.8B | 2.1B | 2.5B | 2.2B | 2.2B | 2.3B | 2.4B |
| Long-term debt | 242.1M | 261.3M | 257.1M | 245.8M | 269.4M | 256.3M | 261M | 334M | 439.6M | 438.2M |
| Total liabilities | 2.4B | 2.8B | 2.5B | 2.7B | 3B | 3.1B | 3.3B | 3.4B | 3.1B | 3.3B |
| Shareholders' equity | -778.5M | -1.2B | 19.8M | -174.1M | -377.6M | -860.2M | -1B | -1.1B | -1.3B | -1.3B |
| Total debt | 1B | 942M | 736.1M | 889.4M | 1.1B | 1.2B | 1.4B | 1.5B | 1.7B | 1.8B |
| Net debt | 464.6M | 523.1M | 503.2M | 620.6M | 907.3M | 1.1B | 1.3B | 1.4B | 1.6B | 1.8B |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -110.5M | -724.6M | -750.3M | -1.1B | -464.2M |
| Depreciation & amortization | 2.1M | 12.8M | 55M | 76.5M | 54.7M |
| Stock-based compensation | 0 | 10.6M | 0 | 31.9M | 2.3M |
| Change in working capital | -63.3M | -9.7M | 89.4M | -18.1M | 160.5M |
| Operating cash flow | -657.1M | -734.7M | -596.9M | -726.7M | -333.9M |
| Capital expenditure | -34.6M | -132.3M | -208.6M | -50.8M | — |
| Investing cash flow | 244.5M | -149.4M | -198M | -579.4M | 336.8M |
| Dividends paid | -1.9M | 0 | 0 | — | — |
| Share repurchases | 0 | -28.6M | 0 | 0 | — |
| Financing cash flow | 364.9M | 758.1M | 284.7M | 992.9M | -761.1M |
| Net change in cash | -47.7M | -126M | -510.2M | -313.3M | -758.2M |
| Free cash flow | -161.1M | -484.8M | -600.6M | -905.9M | -413.3M |