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 27 | $1.61 | $1.9 | +18.0% | — | $771.8M | — |
| Q1 27 | $1.18 | $1.32 | +11.9% | — | $687.6M | — |
| Q4 26 | $1.47 | $1.65 | +12.2% | — | $695.1M | — |
| Q3 26 | $0.79 | $1.32 | +67.1% | — | $628.3M | — |
| Q2 26 | $0.66 | $1 | +51.5% | — | $591.4M | — |
| Q1 26 | $0.66 | $1 | +51.5% | — | $549M | — |
| Q4 25 | $0.67 | $1.28 | +91.0% | — | $548.4M | — |
| Q3 25 | $0.69 | $1.16 | +68.1% | — | $529.4M | — |
| Q2 25 | $0.48 | $0.7 | +45.8% | — | $478.1M | — |
| Q1 25 | $0.37 | $0.51 | +37.8% | — | $450.6M | — |
| Q4 24 | $0.47 | $0.86 | +83.0% | — | $458M | — |
| Q3 24 | $0.5 | $0.96 | +92.0% | — | $432.9M | — |
| Q2 24 | $0.46 | $0.93 | +102.2% | — | $423.8M | — |
| Q1 24 | $0.19 | $0.56 | +194.7% | — | $368.3M | — |
| Q4 23 | $0.07 | $0.57 | +714.3% | — | $361.3M | — |
| Q3 23 | -$0.17 | $0.23 | +235.3% | — | $333.6M | — |
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 | — | -$0.88 | — | — | $2.5B | — |
| FY25 | — | -$1.73 | — | — | $2B | — |
| FY24 | — | -$2.48 | — | — | $1.7B | — |
| FY23 | — | -$5.03 | — | — | $1.3B |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $114.8M | $166M | $267M | $421.7M | $590.4M | $873.8M | $1.3B | $1.7B | $2B | $2.5B |
| YoY change | +75.9% | +44.6% | +60.8% | +57.9% | +40% | +48% | +47% | +31.1% | +19.2% | +22.8% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 114.8M | 166M | 267M | 421.7M | 590.4M | 873.8M | 1.3B | 1.7B | 2B | 2.5B |
| Cost of revenue | 29.9M | 42.9M | 73.6M | 125.4M | 177.1M | 259.5M | 349.3M | 424.5M | 535.3M | 696.1M |
| Gross profit | 84.9M | 123.2M | 193.4M | 296.4M | 413.3M | 614.3M | 934.7M | 1.3B | 1.5B | 1.8B |
| Gross margin | 74% | 74.2% | 72.4% | 70.3% | 70% | 70.3% | 72.8% | 74.8% | 73.3% | 71.7% |
| Research & development | 51.8M | 62.2M | 89.9M | 149M | 205.2M | 308.8M | 421.7M | 515.9M | 596.8M | 716.3M |
| Selling, general & administrative | 102.5M | 145.8M | 201.4M | 295.2M | 417.4M | 594.8M | 859.7M | 976.3M | 1.1B | 1.2B |
| Operating expenses | 154.3M | 208.1M | 291.2M | 444.2M | 622.6M | 903.7M | 1.3B | 1.5B | 1.7B | 1.9B |
| Operating income | -69.3M | -84.9M | -97.8M | -147.9M | -209.3M | -289.4M | -346.7M | -233.7M | -216.1M | -137M |
| Operating margin | -60.4% | -51.1% | -36.6% | -35.1% | -35.5% | -33.1% | -27% | -13.9% | -10.8% | -5.56% |
| Non-operating income, net | -308K | 895K | -1.4M | -15.9M | -1.9M | -3.1M | -1.8M | -635K | -3.1M | -4.2M |
| Pretax income | -69.3M | -82.7M | -102.3M | -176.2M | -262.7M | -302.9M | -333.3M | -163.5M | -131.6M | -55.7M |
| Income tax | 719K | 1.3M | -3.3M | -656K | 4.3M | 4M | 12.1M | 13.1M | -2.5M | 15.5M |
| Net income | -70.1M | -84M | -99M | -175.5M | -266.9M | -306.9M | -345.4M | -176.6M | -129.1M | -71.2M |
| Net margin | -61% | -50.6% | -37.1% | -41.6% | -45.2% | -35.1% | -26.9% | -10.5% | -6.43% | -2.89% |
| EBITDA | -65.6M | -79M | -86.2M | -135.4M | -182.1M | -267.1M | -294.3M | -122M | -96.5M | -15.2M |
| EPS | -1.74 | -4.06 | -1.9 | -3.14 | -4.53 | -4.75 | -5.03 | -2.48 | -1.73 | -0.88 |
| Diluted EPS | -1.74 | -4.06 | -1.9 | -3.14 | -4.53 | -4.75 | -5.03 | -2.48 | -1.73 | -0.88 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 432.9M | 458M | 450.6M | 478.1M | 529.4M | 548.4M | 549M | 591.4M | 628.3M | 695.1M | 687.6M | 771.8M |
| Cost of revenue | 107.1M | 114.6M | 122.7M | 128.3M | 135.3M | 149M | 158M | 171.4M | 179.2M | 187.4M | 191.4M | 202M |
| Gross profit | 325.9M | 343.4M | 327.9M | 349.9M | 394M | 399.4M | 391M | 420M | 449.1M | 507.7M | 496.2M | 569.8M |
| Gross margin | 75.3% | 75% | 72.8% | 73.2% | 74.4% | 72.8% | 71.2% | 71% | 71.5% | 73% | 72.2% | 73.8% |
| Research & development | 128.2M | 145.6M | 146.1M | 149M | 151.4M | 150.4M | 168.8M | 181.7M | 176.6M | 189.1M | 200.4M | 213.9M |
| Selling, general & administrative | 242.9M | 268.8M | 280M | 272.3M | 270.5M | 267.5M | 275.7M | 303.5M | 290.9M | 318.2M | 320.6M | 327.5M |
| Operating expenses | 371.1M | 414.3M | 426.1M | 421.3M | 421.9M | 417.9M | 444.5M | 485.3M | 467.6M | 507.4M | 521M | 541.4M |
| Operating income | -45.2M | -71M | -98.2M | -71.4M | -27.9M | -18.6M | -53.6M | -65.3M | -18.4M | 304K | -24.8M | 28.4M |
| Operating margin | -10.4% | -15.5% | -21.8% | -14.9% | -5.27% | -3.38% | -9.75% | -11% | -2.93% | 0.04% | -3.61% | 3.68% |
| Non-operating income, net | 1.2M | -1.1M | -1M | -1.2M | -824K | -96K | -2.2M | 10K | -585K | -1.5M | 15.1M | -1.2M |
| Pretax income | -25.7M | -52.1M | -78M | -50.6M | -7.1M | 4.2M | -33.3M | -43.1M | 1.4M | 19.4M | 8.8M | 45.9M |
| Income tax | 3.6M | 3.4M | 2.6M | 3.9M | 2.7M | -11.7M | 4.3M | 3.9M | 3.4M | 3.9M | 4.4M | 5M |
| Net income | -29.3M | -55.5M | -80.6M | -54.5M | -9.8M | 15.8M | -37.6M | -47M | -2M | 15.5M | 4.4M | 40.9M |
| Net margin | -6.77% | -12.1% | -17.9% | -11.4% | -1.85% | 2.89% | -6.85% | -7.96% | -0.32% | 2.23% | 0.64% | 5.3% |
| EBITDA | -15.7M | -40.6M | -67.8M | -42.4M | 1.8M | 11.9M | -23.2M | -32.1M | 11.7M | 28.5M | 18.8M | 56.4M |
| EPS | -0.41 | -0.77 | -1.1 | -0.74 | -0.13 | 0.2 | -0.46 | -0.58 | -0.02 | 0.19 | 0.06 | 0.51 |
| Diluted EPS | -0.41 | -0.77 | -1.1 | -0.74 | -0.13 | 0.19 | -0.46 | -0.58 | -0.02 | 0.18 | 0.05 | 0.5 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 9.2B | 21.8B | 26.2B | 14.7B | 28.5B | 20.4B | 30.2B | 27B |
| Enterprise value | — | — | — | 9.1B | 21.8B | 25.5B | 14B | 27.7B | 18.1B | 27.8B | 30.7B |
| Shares outstanding | 40.3M | 23.7M | 52M | 55.9M | 59M | 64.6M | 68.6M | 71.2M | 74.6M | 81.2M | 81.2M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 483.4 |
| P/S | — | — | — | 21.7 | 36.9 | 29.9 | 11.4 | 17 | 10.2 | 12.2 | 9.8 |
| P/B | — | — | — | 110.7 | -68.3K | 39.2 | 19.9 | 26.7 | 7.32 | 10.2 | 9.16 |
| EV/EBITDA | — | — | — | -67.2 | -119.9 | -95.5 | -47.7 | -227.1 | -187.3 | -1.8K | 2.2K |
| EV/Sales | — | — | — | 21.6 | 37 | 29.2 | 10.9 | 16.5 | 9.01 | 11.3 | 11 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 0.21% |
| FCF yield | — | — | — | -0.36% | -0.25% | -0% | -0.14% | 0.4% | 0.59% | 1.66% | 2.08% |
| PEG | — | — | — | — | — | — | — | — | — | — | -2.57 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 74% | 74.2% | 72.4% | 70.3% | 70% | 70.3% | 72.8% | 74.8% | 73.3% | 71.7% | 73.8% |
| Operating margin | -60.4% | -51.1% | -36.6% | -35.1% | -35.5% | -33.1% | -27% | -13.9% | -10.8% | -5.56% | 3.68% |
| Net margin | -61% | -50.6% | -37.1% | -41.6% | -45.2% | -35.1% | -26.9% | -10.5% | -6.43% | -2.89% | 2.12% |
| ROE | 24.5% | -33.9% | -37.4% | -211.8% | 83.7K% | -46% | -46.7% | -16.5% | -4.64% | -2.41% | 1.99% |
| ROA | -40.2% | -19.4% | -13.5% | -13.2% | -19% | -12.5% | -13.3% | -6.15% | -3.76% | -1.89% | -0.22% |
| ROIC | 17.2% | 271% | -632.6% | -767% | -991.7% | -1.2K% | -395.2% | -98.4% | -44.8% | -22.9% | -1.9% |
| Return on tangible assets | -42.2% | -19.7% | -16% | -15.3% | -21.5% | -13.4% | -14.1% | -6.49% | -3.98% | -2.15% | 1.78% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.62 | 3.09 | 3.44 | 4.59 | 3.22 | 4.02 | 3.8 | 4.4 | 5.2 | 4.65 | 4.87 |
| Quick ratio | 1.62 | 3.09 | 3.44 | 4.59 | 3.22 | 4.02 | 3.8 | 4.4 | 5.2 | 4.65 | 4.87 |
| Debt / equity | — | — | 0.82 | 11.1 | -3.1K | 1.77 | 1.6 | 1.11 | 0.01 | 0.01 | 0.02 |
| Debt / assets | — | — | 0.3 | 0.69 | 0.7 | 0.48 | 0.46 | 0.41 | 0.01 | 0.01 | 0.01 |
| Net debt / EBITDA | — | — | 2.89 | 0.47 | -0.12 | 2.41 | 2.21 | 6.81 | 23.8 | 155.4 | -20.7 |
| Interest coverage | -7.7K | -10.3K | -8.94 | -7.4 | -3.68 | -25.8 | -33 | -16.4 | -15.3 | -16.8 | 27.9 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 22% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 2.85 | 7 | 5.13 | 7.54 | 10 | 13.5 | 18.7 | 23.6 | 26.9 | 30.3 | 34.4 |
| EPS (basic) | -1.74 | -4.06 | -1.9 | -3.14 | -4.53 | -4.75 | -5.03 | -2.48 | -1.73 | -0.88 | -0.88 |
| EPS (diluted) | -1.74 | -4.06 | -1.9 | -3.14 | -4.53 | -4.75 | -5.03 | -2.48 | -1.73 | -0.88 | 0.7 |
| Book value per share | -7.11 | 10.4 | 5.08 | 1.48 | -0.01 | 10.3 | 10.8 | 15 | 37.3 | 36.3 | 37 |
| FCF per share | -0.99 | -1.98 | -0.94 | -0.59 | -0.92 | -0.02 | -0.29 | 1.62 | 1.62 | 6.16 | 8.04 |
| Cash per share | 2.89 | 11.8 | 8.96 | 17.6 | 16.2 | 28.3 | 26.8 | 28.3 | 31.3 | 29.4 | 29.9 |
| Capex per share | 0.04 | 0.09 | 0.13 | 0.06 | 0.2 | 0.13 | 0.11 | 0.09 | 0.4 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.47% | 1.29% | 2.56% | 0.85% | 1.99% | 0.92% | 0.56% | 0.36% | 1.47% | — | — |
| Capex / operating cash flow | -4.05% | -4.24% | -13.6% | -6.29% | -14.3% | -19.5% | 97.2% | 4.4% | 16.7% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY22 | — | -$4.75 | — | — | $873.8M | — |
| FY21 | — | -$4.53 | — | — | $590.4M | — |
| FY20 | — | -$3.14 | — | — | $421.7M | — |
| FY19 | — | -$1.9 | — | — | $267M | — |
| FY18 | — | -$4.06 | — | — | $166M | — |
| FY17 | — | -$1.74 | — | — | $114.8M | — |
| Period | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $432.9M | $458M | $450.6M | $478.1M | $529.4M | $548.4M | $549M | $591.4M | $628.3M | $695.1M | $687.6M | $771.8M |
| YoY change | +29.8% | +26.8% | +22.3% | +12.8% | +22.3% | +19.7% | +21.9% | +23.7% | +18.7% | +26.7% | +25.2% | +30.5% |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 116.5M | 279M | 466M | 986.5M | 957.7M | 1.8B | 1.8B | 2B | 2.3B | 2.4B |
| Receivables | 31.3M | 50.6M | 72.8M | 85.6M | 135.2M | 195.4M | 285.2M | 325.6M | 393.1M | 499M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 158.5M | 347.3M | 566.2M | 1.1B | 1.1B | 2.1B | 2.2B | 2.5B | 2.9B | 3.1B |
| Property, plant & equipment | 4.9M | 4.8M | 17.5M | 69.5M | 97M | 104.4M | 99M | 90.4M | 81M | 68.8M |
| Goodwill & intangibles | 8.4M | 6.7M | 115.5M | 181.2M | 164.2M | 156.8M | 138.4M | 147.3M | 188.6M | 451.8M |
| Total assets | 174.4M | 432.8M | 733.5M | 1.3B | 1.4B | 2.4B | 2.6B | 2.9B | 3.4B | 3.8B |
| Accounts payable | 2.8M | 2.3M | 2.2M | 2.8M | 4.1M | 5.2M | 8.3M | 9.9M | 10.5M | 20.3M |
| Short-term debt | — | — | — | 3.8M | 2.3M | 8.1M | 8.7M | 9.8M | 9.1M | 9.3M |
| Total current liabilities | 97.8M | 112.5M | 164.6M | 242.4M | 354.5M | 526.7M | 588.5M | 564.2M | 562M | 669.5M |
| Long-term debt | — | — | 216.9M | 919.2M | 976.8M | 1.2B | 1.2B | 1.2B | 27.4M | 23.6M |
| Total liabilities | 460.9M | 185.2M | 468.9M | 1.2B | 1.4B | 1.8B | 1.8B | 1.8B | 648.1M | 806.5M |
| Shareholders' equity | -286.5M | 247.7M | 264.6M | 82.9M | -319K | 666.7M | 739.5M | 1.1B | 2.8B | 3B |
| Total debt | — | — | 216.9M | 922.9M | 979.2M | 1.2B | 1.2B | 1.2B | 36.5M | 32.9M |
| Net debt | — | — | 69M | 216.7M | 549.5M | 709.4M | 729M | 381M | -453.6M | -1.1B |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 1.9B | 2B | 2.1B | 2.3B | 2.3B | 2.3B | 2.5B | 2.3B | 2.3B | 2.4B | 2.4B | 2.4B |
| Receivables | 271.7M | 325.6M | 266M | 311.2M | 334.6M | 393.1M | 313.2M | 349.7M | 416.5M | 499M | 387.3M | 458.2M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 2.3B | 2.5B | 2.7B | 2.7B | 2.8B | 2.9B | 3B | 2.9B | 2.9B | 3.1B | 3.1B | 3.1B |
| Property, plant & equipment | 94.1M | 90.4M | 85M | 85.3M | 83.2M | 81M | 77.4M | 73.4M | 71.6M | 68.8M | 67.5M | 63.8M |
| Goodwill & intangibles | 153.6M | 147.3M | 142M | 141.6M | 141.3M | 188.6M | 471.1M | 463.5M | 455.9M | 451.8M | 444.5M | 469.8M |
| Total assets | 2.7B | 2.9B | 3B | 3.1B | 3.2B | 3.4B | 3.6B | 3.5B | 3.6B | 3.8B | 3.7B | 3.8B |
| Accounts payable | 9.3M | 9.9M | 9.3M | 10.1M | 11.4M | 10.5M | 8.6M | 9.9M | 14.8M | 20.3M | 41.7M | 17.7M |
| Short-term debt | 9.6M | 9.8M | 9.9M | 11M | 1.1B | 9.1M | 8.9M | 9.5M | 9.1M | 9.3M | 9.4M | 9.4M |
| Total current liabilities | 489.6M | 564.2M | 537.5M | 541.2M | 1.6B | 562M | 505M | 509.8M | 558M | 669.5M | 618.2M | 642.4M |
| Long-term debt | 1.2B | 1.2B | 1.2B | 1.2B | 27.6M | 27.4M | 28.1M | 26.2M | 25.5M | 23.6M | 21.1M | 19.2M |
| Total liabilities | 1.7B | 1.8B | 1.8B | 1.8B | 1.7B | 648.1M | 591.5M | 599.1M | 678.2M | 806.5M | 757.7M | 797.7M |
| Shareholders' equity | 967.5M | 1.1B | 1.3B | 1.4B | 1.5B | 2.8B | 3B | 2.9B | 2.9B | 3B | 2.9B | 3B |
| Total debt | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 36.5M | 37M | 35.7M | 34.6M | 32.9M | 30.4M | 28.6M |
| Net debt | 707.5M | 381M | 366.7M | -106M | 490.1M | -453.6M | -620.8M | -611.4M | -799.5M | -1.1B | -1B | -973.8M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -70.1M | -84M | -99M | -175.5M | -266.9M | -306.9M | -345.4M | -176.6M | -129.1M | -71.2M |
| Depreciation & amortization | 3.8M | 3.7M | 5.8M | 19.8M | 24.5M | 24.5M | 29.2M | 32.1M | 27M | 37.4M |
| Stock-based compensation | 21M | 21.2M | 37.4M | 75.8M | 149.3M | 251.1M | 381.5M | 456.9M | 493.9M | 550.5M |
| Change in working capital | 3.8M | 9M | 1.6M | 9.9M | -38.1M | -11.5M | -60.6M | -176.3M | -200.8M | -17.5M |
| Operating cash flow | -41.5M | -50.3M | -50.2M | -56.6M | -82.5M | -41.5M | 7.5M | 138M | 176.7M | 505.1M |
| Capital expenditure | -1.7M | -2.1M | -6.8M | -3.6M | -11.8M | -8.1M | -7.2M | -6.1M | -29.6M | — |
| Investing cash flow | 31.1M | -172.3M | -160.3M | -1.6M | -262.7M | -852.1M | -33.3M | 188M | -657.4M | 543.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | -400.3M |
| Financing cash flow | 34.9M | 201.8M | 255.8M | 559.1M | -7.9M | 856M | -4.5M | -5.5M | 164M | -506.4M |
| Net change in cash | 24.5M | -20.8M | 45.3M | 500.8M | -353.1M | -37.6M | -30.4M | 320.5M | -316.7M | 542.5M |
| Free cash flow | -39.8M | -47M | -48.8M | -33.1M | -54.4M | -1.1M | -20.2M | 115.4M | 120.6M | 500.2M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -29.3M | -55.5M | -80.6M | -54.5M | -9.8M | 15.8M | -37.6M | -47M | -2M | 15.5M | 4.4M | 40.9M |
| Depreciation & amortization | 8M | 9.1M | 8.3M | 5.9M | 6.6M | 6.1M | 9.1M | 9.5M | 9.6M | 9.3M | 9.1M | 9.5M |
| Stock-based compensation | 115.8M | 123.8M | 120.8M | 122.4M | 125.7M | 125M | 132.4M | 140.4M | 133.6M | 144M | 137.8M | 148.9M |
| Change in working capital | -64.6M | -23.2M | 14.7M | -94M | -71.1M | -50.3M | 31.9M | -43.2M | -12.3M | 6.1M | 103.8M | -92.1M |
| Operating cash flow | 30.6M | 54.1M | 64M | -19.3M | 51.3M | 80.7M | 135.8M | 72.1M | 143.5M | 179.6M | 201.6M | 141.9M |
| Capital expenditure | -2.1M | -2.7M | -539K | -1.1M | -2M | -26M | -1.6M | — | — | — | — | — |
| Investing cash flow | -150.3M | 252.3M | -48.1M | 290.4M | -653.4M | -246.3M | 51.6M | 90.1M | 232.7M | 167.8M | -84.6M | -34.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | -194.4M | -148.6M | -57.3M | -100.3M | -100M |
| Financing cash flow | -1.4M | -1.4M | -2.1M | -1.5M | -895K | -2M | -2.4M | -196.1M | -150.3M | -119.1M | -160.3M | -161.1M |
| Net change in cash | -121.1M | 305M | 13.8M | 269.6M | -603M | -167.7M | 185M | -33.9M | 225.8M | 228.3M | -43.3M | -53.5M |
| Free cash flow | 36.3M | 51.9M | 63.1M | -2.4M | 35.5M | 24.6M | 108.3M | 71.6M | 141.8M | 178.5M | 199.3M | 139.4M |