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 | -$1.79 | -$1.74 | +2.8% | — | $4K | — |
| Q1 26 | -$2.36 | -$1.1 | +53.4% | — | $2K | — |
| Q4 25 | -$2.23 | -$7.68 | -244.4% | — | $6K | — |
| Q3 25 | -$2.64 | -$2.13 | +19.3% | — | $15K | — |
| Q2 25 | -$3.58 | -$2.89 | +19.3% | — | $8K | — |
| Q1 25 | -$3.6 | -$3.6 | 0.0% | — | $7K | — |
| Q4 24 | -$2.6 | -$3.44 | -32.3% | — | $11K | — |
| Q3 24 | -$4 | -$3.4 | +15.0% | — | $34K | — |
| Q2 24 | -$4.1 | -$3.6 | +12.2% | — | $13K | — |
| Q1 24 | -$3.6 | -$2.96 | +17.8% | — | $3K | — |
| Q4 23 | -$4.1 | -$3.47 | +15.4% | — | $13K | — |
| Q3 23 | -$0.25 | -$0.17 | +32.0% | — | $25K | — |
| Q2 23 | -$0.27 | -$0.18 | +33.3% | — | $27K | — |
| Q1 23 | -$0.28 | -$0.23 | +17.9% | — | $65K | — |
| Q4 22 | -$0.3 | -$0.04 | +86.7% | — | $48.4M | — |
| Q3 22 | -$0.31 | -$0.28 | +9.7% | — | $3K | — |
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 | — | -$12.9 | — | — | $36K | — |
| FY24 | — | -$23.3 | — | — | $61K | — |
| FY23 | — | -$0.93 | — | — | $130K | — |
| FY22 | — | -$0.74 | — | — | $84.7M | — |
| FY21 | — | -$1.84 |
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 | $657K | $7.8M | $10.7M | $84.7M | $130K | $61K | $36K |
| YoY change | — | +1.1K% | +37.3% | +695.1% | -99.8% | -53.1% | -41% |
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 | 657K | 7.8M | 10.7M | 84.7M | 130K | 61K | 36K |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 63.6M | 182.2M | 138.7M | 159.2M | 182.9M | 171.6M | 158.7M |
| Selling, general & administrative | 39.2M | 46.9M | 89.1M | 117.3M | 67M | 52M | 45.1M |
| Operating expenses | 102.7M | 219.7M | 225.4M | 271.7M | 247.1M | 220.3M | 201.7M |
| Operating income | -102.1M | -211.9M | -214.8M | -187.1M | -247M | -220.3M | -201.6M |
| Operating margin | -15.5K% | -2.7K% | -2K% | -220.9% | -190K% | -361.1K% | -560.1K% |
| Non-operating income, net | -35.4M | 1.5M | -36.6M | -3.1M | -11.1M | -146.8M | -85.9M |
| Pretax income | -129.4M | -204.5M | -250.2M | -183.1M | -234.6M | -343M | -274.4M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -129.4M | -204.5M | -250.2M | -183.1M | -234.6M | -343M | -274.4M |
| Net margin | -19.7K% | -2.6K% | -2.3K% | -216.2% | -180.5K% | -562.3K% | -762.4K% |
| EBITDA | -100.8M | -207.6M | -164.7M | -164M | -213.8M | -49.2M | -122.3M |
| EPS | -0.62 | -0.98 | -1.84 | -0.74 | -0.93 | -23.3 | -12.9 |
| Diluted EPS | -0.62 | -0.98 | -1.84 | -0.74 | -0.93 | -23.3 | -12.9 |
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 | 25K | 13K | 3K | 13K | 34K | 11K | 7K | 8K | 15K | 6K | 2K | 4K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 43.8M | 47M | 43.2M | 40.3M | 39.5M | 48.7M | 43.4M | 34.9M | 28.2M | 52.2M | 36.6M | 39.5M |
| Selling, general & administrative | 15.5M | 13.2M | 13.5M | 12.3M | 11.8M | 14.5M | 14M | 9.8M | 10.7M | 10.6M | 9.6M | 9.6M |
| Operating expenses | 59.1M | 59.5M | 55.6M | 51.5M | 50.5M | 62.7M | 57.4M | 45.7M | 37.3M | 61.3M | 44.3M | 47.3M |
| Operating income | -59M | -59.5M | -55.6M | -51.5M | -50.5M | -62.7M | -57.4M | -45.7M | -37.3M | -61.3M | -44.3M | -47.3M |
| Operating margin | -236.2K% | -457.8K% | -1.9M% | -396.4K% | -148.5K% | -569.7K% | -819.5K% | -571.2K% | -248.4K% | -1M% | -2.2M% | -1.2M% |
| Non-operating income, net | 1.6M | -506K | -11.9M | -645K | -43K | -134.2M | 1.3M | -263K | -4.9M | -82.1M | 17.9M | 398K |
| Pretax income | -50.9M | -52.9M | -60.7M | -45.8M | -44.6M | -191.9M | -52.2M | -42.7M | -38.8M | -140.7M | -24.2M | -44.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -50.9M | -52.9M | -60.7M | -45.8M | -44.6M | -191.9M | -52.2M | -42.7M | -38.8M | -140.7M | -24.2M | -44.8M |
| Net margin | -203.4K% | -407.2K% | -2M% | -352.4K% | -131.1K% | -1.7M% | -745.6K% | -533.5K% | -259K% | -2.3M% | -1.2M% | -1.1M% |
| EBITDA | -53.9M | -54.5M | -37.5M | -46.6M | -45.8M | 80.8M | -53.9M | -41.1M | -34.7M | 7.4M | -41.9M | -45.1M |
| EPS | -0.2 | — | -0.24 | -0.18 | -3.4 | -13 | -3.6 | -2.89 | -2.13 | -6.62 | -1.1 | -1.92 |
| Diluted EPS | -0.2 | — | -0.24 | -0.18 | -3.4 | -13 | -3.6 | -2.89 | -2.13 | -6.62 | -1.1 | -1.92 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 9.7B | — | — | 238.7M |
| Enterprise value | — | — | — | — | 9.3B | — | — | 83.9M |
| Shares outstanding | 211.7M | 211.7M | 135.9M | 247.1M | 251M | 14.7M | 21.3M | 21.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.75 |
| P/S | — | — | — | — | 74.9K | — | — | 8.8K |
| P/B | — | — | — | — | 14.9 | — | — | 0.97 |
| EV/EBITDA | — | — | — | — | -43.3 | — | — | -0.46 |
| EV/Sales | — | — | — | — | 71.2K | — | — | 3.1K |
| Earnings yield | — | — | — | — | — | — | — | -132.5% |
| FCF yield | — | — | — | — | -1.71% | — | — | -30.5% |
| PEG | — | — | — | — | — | — | — | 0.02 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -15.5K% | -2.7K% | -2K% | -220.9% | -190K% | -361.1K% | -560.1K% | -1.2M% |
| Net margin | -19.7K% | -2.6K% | -2.3K% | -216.2% | -180.5K% | -562.3K% | -762.4K% | 0% |
| ROE | -31.7% | -28.5% | -26.9% | -22% | -35.8% | -89.6% | -110.6% | -93.3% |
| ROA | -23.3% | -22.5% | -22.2% | -19.5% | -31.3% | -69.9% | -80.7% | -34.2% |
| Return on tangible assets | -23.3% | -22.5% | -22.2% | -19.5% | -31.3% | -69.9% | -80.7% | -79.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 20 | 12.5 | 13.4 | 17.6 | 16.1 | 7.06 | 5.28 | 5.36 |
| Quick ratio | 20 | 12.5 | 13.4 | 17.6 | 16.1 | 7.06 | 5.28 | 5.36 |
| Debt / equity | 0.07 | 0.08 | 0.07 | 0.08 | 0.1 | 0.15 | 0.21 | 0.2 |
| Debt / assets | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 | 0.12 | 0.15 | 0.12 |
| Net debt / EBITDA | 4.05 | 2.69 | 3.32 | 3.49 | 2.26 | 6.34 | 1.6 | 1.46 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.04 | 0.08 | 0.34 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.62 | -0.98 | -1.84 | -0.74 | -0.93 | -23.3 | -12.9 | -12.9 |
| EPS (diluted) | -0.62 | -0.98 | -1.84 | -0.74 | -0.93 | -23.3 | -12.9 | -12.7 |
| Book value per share | 1.93 | 3.39 | 6.84 | 3.37 | 2.61 | 26 | 11.7 | 9.99 |
| FCF per share | 0.11 | -1 | -1.41 | -0.78 | -0.66 | -11 | -7.1 | -5.73 |
| Cash per share | 2.06 | 2.89 | 4.52 | 2.59 | 2.18 | 25.1 | 11.6 | 8.33 |
| Capex per share | 0.08 | 0.24 | 0.48 | 0.1 | 0.01 | 0.03 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.4K% | 663.8% | 615.1% | 28.7% | 2.1K% | 760.7% | — | — |
| Capex / operating cash flow | 43.4% | -32.2% | -40.1% | -14.3% | -1.57% | -0.22% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $10.7M |
| — |
| FY20 | — | -$0.98 | — | — | $7.8M | — |
| FY19 | — | -$0.62 | — | — | $657K | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $25K | $13K | $3K | $13K | $34K | $11K | $7K | $8K | $15K | $6K | $2K | $4K |
| YoY change | +733.3% | -100% | -95.4% | -51.9% | +36% | -15.4% | +133.3% | -38.5% | -55.9% | -45.5% | -71.4% | -50% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 436M | 612.6M | 614.8M | 640.2M | 546.2M | 370.5M | 247.2M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 440.3M | 617.5M | 626.3M | 651.3M | 554.7M | 379.6M | 260.9M |
| Property, plant & equipment | 43.7M | 124.1M | 166.6M | 166.3M | 142.3M | 72.9M | 53.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 555.6M | 908.3M | 1.1B | 937.6M | 750M | 490.9M | 340.1M |
| Accounts payable | 2.8M | 9.4M | 3.2M | 3.9M | 4.8M | 5.4M | 2.9M |
| Short-term debt | 344K | 3.6M | 1.2M | 4.5M | 6.3M | 8M | 9.1M |
| Total current liabilities | 22M | 49.3M | 46.7M | 37M | 34.5M | 53.8M | 49.4M |
| Long-term debt | 27.1M | 51M | 66.7M | 63.2M | 56.9M | 51M | 41.9M |
| Total liabilities | 147.6M | 189.8M | 197.6M | 104.3M | 95.1M | 108M | 91.8M |
| Shareholders' equity | 408.1M | 718.4M | 929.8M | 833.3M | 655M | 382.8M | 248.2M |
| Total debt | 27.5M | 54.6M | 67.8M | 67.7M | 63.2M | 59M | 51M |
| Net debt | -69.2M | -85.8M | -226M | -55.9M | -82.5M | -46.6M | -9.2M |
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 | 575.4M | 546.2M | 526.3M | 491.1M | 440.5M | 370.5M | 301.2M | 276.8M | 319.6M | 247.2M | 254M | 204.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 586.9M | 554.7M | 534.2M | 499.8M | 450M | 379.6M | 309.2M | 282.2M | 328.2M | 260.9M | 267.3M | 213.5M |
| Property, plant & equipment | 148.7M | 142.3M | 136.5M | 130.8M | 124.7M | 72.9M | 67.8M | 60.1M | 56.6M | 53.6M | 50.5M | 47.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 795M | 750M | 694.2M | 654.1M | 619.2M | 490.9M | 429.8M | 385.5M | 408M | 340.1M | 350.6M | 311.2M |
| Accounts payable | 4.4M | 4.8M | 4.9M | 4.2M | 3.6M | 5.4M | 3.7M | 3.4M | 2.6M | 2.9M | 5.5M | 3.9M |
| Short-term debt | — | 6.3M | — | — | — | 8M | — | — | — | 9.1M | — | — |
| Total current liabilities | 35.1M | 34.5M | 32.4M | 30.9M | 33.5M | 53.8M | 41.3M | 36.9M | 31.9M | 49.4M | 36.9M | 39.9M |
| Long-term debt | 58.6M | 56.9M | 55.2M | 53.3M | 51.4M | 51M | 48.9M | 46.6M | 44.3M | 41.9M | 39.5M | 36.9M |
| Total liabilities | 97.4M | 95.1M | 91.1M | 87.6M | 88.5M | 108M | 93.3M | 86.5M | 78.8M | 91.8M | 77M | 77.3M |
| Shareholders' equity | 697.6M | 655M | 603.2M | 566.5M | 530.7M | 382.8M | 336.5M | 298.9M | 329.1M | 248.2M | 273.7M | 233.8M |
| Total debt | 58.6M | 63.2M | 55.2M | 53.3M | 51.4M | 59M | 48.9M | 46.6M | 44.3M | 51M | 39.5M | 36.9M |
| Net debt | -227.6M | -82.5M | -70.5M | -80.1M | -48.9M | -46.6M | -71.5M | -52.2M | -79.3M | -9.2M | -51.3M | -36.1M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -129.4M | -204.5M | -250.2M | -183.1M | -234.6M | -343M | -274.4M |
| Depreciation & amortization | 1.3M | 4.3M | 13.6M | 18M | 20.3M | 19.6M | 11.5M |
| Stock-based compensation | 15.7M | 33.3M | 62.2M | 81.9M | 47.1M | 33.1M | 41.8M |
| Change in working capital | 106.8M | -5.1M | 6.5M | -79.6M | 1M | -3.6M | -5.1M |
| Operating cash flow | 37M | -159.9M | -163.3M | -169.4M | -170.9M | -213.8M | -150M |
| Capital expenditure | -16M | -51.5M | -65.5M | -24.3M | -2.7M | -464K | — |
| Investing cash flow | 188.4M | -273.5M | -121.6M | -11.5M | 184M | 122.4M | 54.6M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -185K | -16.1M | 0 | 0 | — | — | — |
| Financing cash flow | 351.2M | 476.4M | 391.8M | -461K | -457K | -76K | 50M |
| Net change in cash | 576.6M | 43M | 106.9M | -181.4M | 12.7M | -91.5M | -45.4M |
| Free cash flow | 23.4M | -212.4M | -191.8M | -193.8M | -166.4M | -162.9M | -150.8M |
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 | -50.9M | -52.9M | -60.7M | -45.8M | -44.6M | -191.9M | -52.2M | -42.7M | -38.8M | -140.7M | -24.2M | -44.8M |
| Depreciation & amortization | 5.1M | 5.1M | 5M | 4.9M | 4.7M | 5M | 3.4M | 3.1M | 2.6M | 2.4M | 2.3M | 2.2M |
| Stock-based compensation | 10.5M | 8.5M | 9.2M | 8.3M | 7.6M | 8.1M | 6M | 5M | 5.2M | 25.6M | 4.3M | 4.5M |
| Change in working capital | -1.5M | 313K | -226K | -629K | -442K | -2.3M | -1.8M | -342K | -1.1M | -1.8M | 2.4M | -1.5M |
| Operating cash flow | -40M | -39.1M | -46.1M | -35.4M | -33.4M | -98.9M | -46.5M | -34.5M | -28.6M | -32.3M | -38.5M | -33.9M |
| Capital expenditure | -195K | -25K | -30K | -331K | -59K | -44K | -246K | — | — | — | — | — |
| Investing cash flow | 99.7M | -100.7M | 22M | 45M | 1.9M | 84.9M | 69.5M | 12.8M | 3.1M | 10.1M | 17.5M | 15.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -215K | -123K | -76K | 0 | 0 | 0 | 1K | — | 50M | 0 | 51.7M | 0 |
| Net change in cash | 59.5M | -139.9M | -24.2M | 9.6M | -31.5M | -14M | 22.9M | -21.6M | 24.6M | -22.1M | 30.7M | -18.1M |
| Free cash flow | -37.9M | -40.7M | -42M | -38.4M | -35.1M | -47.3M | -55M | -34.6M | -28.6M | -32.6M | -38.6M | -34.2M |