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 | -$0.75 | -$0.8 | -6.7% | — | $176.2M | — |
| Q1 26 | -$0.35 | -$1.08 | -208.6% | — | $159.9M | — |
| Q4 25 | $0.06 | -$0.12 | -300.0% | — | $148.9M | — |
| Q3 25 | -$0.16 | $0.05 | +131.3% | — | $133M | — |
| Q2 25 | -$0.33 | -$0.12 | +63.6% | — | $127.8M | — |
| Q1 25 | -$0.27 | -$0.3 | -11.1% | — | $111.6M | — |
| Q4 24 | -$0.25 | -$0.49 | -96.0% | — | $99.4M | — |
| Q3 24 | -$0.45 | -$0.3 | +33.3% | — | $90.4M | — |
| Q2 24 | -$0.46 | -$0.52 | -13.0% | — | $77.9M | — |
| Q1 24 | -$0.3 | -$0.54 | -80.0% | — | $69.2M | — |
| Q4 23 | -$0.22 | -$0.63 | -186.4% | — | $69.6M | — |
| Q3 23 | -$0.63 | -$0.57 | +9.5% | — | $47.7M | — |
| Q2 23 | -$0.8 | -$1.94 | -142.5% | — | $37.5M | — |
| Q1 23 | -$0.94 | -$0.8 | +14.9% | — | $31.6M | — |
| Q4 22 | -$1.02 | -$0.99 | +2.9% | — | $27.9M | — |
| Q3 22 | -$1.08 | -$1.02 | +5.6% | — | $18.8M | — |
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 | — | -$0.47 | — | — | $521.3M | — |
| FY24 | — | -$1.85 | — | — | $336.9M | — |
| FY23 | — | -$4 | — | — | $186.4M | — |
| FY22 | — | -$4.01 | — | — | $77.1M | — |
| FY21 | — | -$2.77 |
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 | $0 | $0 | $19.1M | $77.1M | $186.4M | $336.9M | $521.3M |
| YoY change | — | 0% | +InfinityT% | +302.7% | +141.8% | +80.8% | +54.7% |
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 | 0 | 0 | 19.1M | 77.1M | 186.4M | 336.9M | 521.3M |
| Cost of revenue | — | 0 | 1.9M | 12.4M | 47M | 81.6M | 100.2M |
| Gross profit | — | 0 | 17.2M | 64.7M | 139.3M | 255.2M | 421.1M |
| Gross margin | — | — | 90.1% | 83.9% | 74.8% | 75.8% | 80.8% |
| Research & development | 43M | 81.6M | 131.4M | 106.8M | 102.6M | 140.6M | 186.2M |
| Selling, general & administrative | 11.8M | 22.7M | 59.2M | 89.1M | 145.9M | 202.2M | 257M |
| Operating expenses | 54.7M | 104.3M | 190.6M | 195.9M | 248.5M | 342.9M | 443.2M |
| Operating income | -54.7M | -104.3M | -173.4M | -131.2M | -109.2M | -87.6M | -22.1M |
| Operating margin | — | — | -906.1% | -170.3% | -58.6% | -26% | -4.25% |
| Non-operating income, net | -21K | -192K | 106.7M | 1.3M | -51.9M | 1.2M | 2.4M |
| Pretax income | -52.5M | -103.3M | -84M | -142.1M | -162.4M | -86.9M | -21.4M |
| Income tax | 21K | 6K | 37K | -6.4M | 991K | 1M | 1.9M |
| Net income | -52.6M | -103.3M | -84M | -135.7M | -163.4M | -87.9M | -23.4M |
| Net margin | — | — | -438.9% | -176% | -87.7% | -26.1% | -4.48% |
| EBITDA | -52.2M | -102.3M | -65M | -123.8M | -87.4M | -49M | 17.2M |
| EPS | -4.58 | -4.09 | -2.77 | -4.01 | -4 | -1.85 | -0.47 |
| Diluted EPS | -4.58 | -4.09 | -2.77 | -4.02 | -4 | -1.85 | -0.47 |
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 | 47.7M | 69.6M | 69.2M | 77.9M | 90.4M | 99.4M | 111.6M | 127.8M | 133M | 148.9M | 159.9M | 176.2M |
| Cost of revenue | 10.2M | 25M | 17.8M | 20.2M | 20.8M | 22.8M | 23M | 23.4M | 25.5M | 28.3M | 28.8M | 30.3M |
| Gross profit | 37.5M | 44.5M | 51.4M | 57.6M | 69.6M | 76.6M | 88.6M | 104.4M | 107.5M | 120.7M | 131.1M | 145.9M |
| Gross margin | 78.6% | 64% | 74.2% | 74% | 77% | 77.1% | 79.4% | 81.7% | 80.8% | 81% | 82% | 82.8% |
| Research & development | 26.1M | 30.9M | 32.2M | 32.7M | 31.7M | 44M | 46M | 46.1M | 43M | 51.1M | 97.9M | 90.5M |
| Selling, general & administrative | 36.5M | 46.2M | 45.6M | 49.2M | 50.5M | 56.8M | 57.7M | 63.3M | 61.9M | 74.1M | 96.3M | 81.5M |
| Operating expenses | 62.6M | 77.1M | 77.9M | 81.9M | 82.3M | 100.9M | 103.8M | 109.4M | 104.9M | 125.2M | 194.2M | 172M |
| Operating income | -25.1M | -32.6M | -26.5M | -24.2M | -12.7M | -24.2M | -15.2M | -5M | 2.6M | -4.6M | -63.2M | -26.1M |
| Operating margin | -52.7% | -46.8% | -38.2% | -31.1% | -14% | -24.4% | -13.6% | -3.9% | 1.96% | -3.07% | -39.5% | -14.8% |
| Non-operating income, net | 1.3M | -3.1M | 1.8M | 312K | -1.1M | 231K | 2.1M | 86K | 395K | -218K | -726.3M | -40.7M |
| Pretax income | -23.3M | -35.4M | -24.7M | -24M | -13.9M | -24.4M | -13.6M | -5.5M | 2.6M | -5M | -789.7M | -65.5M |
| Income tax | 249K | 225K | 624K | 635K | 347K | -576K | 1M | 402K | -262K | 767K | 475K | 1.7M |
| Net income | -23.6M | -35.7M | -25.3M | -24.6M | -14.2M | -23.8M | -14.7M | -5.9M | 2.9M | -5.7M | -790.2M | -67.2M |
| Net margin | -49.4% | -51.3% | -36.5% | -31.6% | -15.8% | -23.9% | -13.2% | -4.59% | 2.18% | -3.85% | -494.2% | -38.1% |
| EBITDA | -17.1M | -26.4M | -15.4M | -14.6M | -4.2M | -14.7M | -4M | 4.2M | 12.3M | 4.7M | -52.9M | -39.5M |
| EPS | -0.57 | -0.71 | -0.54 | -0.52 | -0.3 | -0.49 | -0.3 | -0.12 | 0.06 | -0.11 | -13.4 | -1.06 |
| Diluted EPS | -0.57 | -0.71 | -0.54 | -0.52 | -0.3 | -0.49 | -0.3 | -0.12 | 0.05 | -0.11 | -13.4 | -1.06 |
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 | — | 281.6M | — | — | — | — | — | 4B | 5.7B |
| Enterprise value | — | 168.6M | — | — | — | — | — | 3.9B | 6.1B |
| Shares outstanding | — | 11.5M | 25.3M | 30.3M | 33.8M | 40.9M | 47.5M | 50.2M | 50.2M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -187 |
| P/S | — | — | — | — | — | — | — | 7.61 | 9.09 |
| P/B | — | 2.16 | — | — | — | — | — | 12.6 | -534.5 |
| EV/EBITDA | — | -3.23 | — | — | — | — | — | 226.7 | -87.5 |
| EV/Sales | — | — | — | — | — | — | — | 7.48 | 9.95 |
| Earnings yield | — | — | — | — | — | — | — | — | -0.53% |
| FCF yield | — | -14.1% | — | — | — | — | — | 1.38% | 1.34% |
| PEG | — | — | — | — | — | — | — | — | -0.24 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | 90.1% | 83.9% | 74.8% | 75.8% | 80.8% | 82.8% |
| Operating margin | — | — | — | -906.1% | -170.3% | -58.6% | -26% | -4.25% | -14.8% |
| Net margin | — | — | — | -438.9% | -176% | -87.7% | -26.1% | -4.48% | -139.2% |
| ROE | — | -40.3% | -60% | -69.9% | -95.5% | -65.7% | -39% | -7.42% | -703% |
| ROA | — | -35.8% | -42.9% | -28.5% | -38.4% | -25.3% | -13.1% | -2.77% | -6.79% |
| ROIC | — | -315.8% | 184.7% | 514.3% | 1.8K% | -40.4% | -33.3% | -8.83% | -29% |
| Return on tangible assets | — | -35.8% | -42.9% | -32.7% | -57.7% | -116.1% | -51.4% | -7.28% | -156.3% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 9.13 | 12.8 | 3.91 | 2.94 | 4.45 | 3.1 | 2.67 | 2.86 |
| Quick ratio | — | 9.13 | 12.8 | 3.88 | 2.85 | 4.19 | 2.93 | 2.55 | 2.74 |
| Debt / equity | — | 0.03 | 0.02 | 0.02 | 0.02 | 1.24 | 1.41 | 1.02 | -0.73 |
| Debt / assets | — | 0.02 | 0.01 | 0.01 | 0.01 | 0.48 | 0.47 | 0.38 | 0.73 |
| Net debt / EBITDA | — | 2.16 | 2.23 | 2.37 | 1.21 | -0.25 | -0.76 | -3.71 | -4.3 |
| Interest coverage | — | — | -307.3 | -3.77 | -7.89 | -9.75 | -5.07 | -0.49 | -62.8 |
| 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 | 0 | 0.63 | 2.28 | 4.56 | 7.09 | 10.4 | 11 |
| EPS (basic) | — | -4.58 | -4.09 | -2.77 | -4.01 | -4 | -1.85 | -0.47 | -0.47 |
| EPS (diluted) | — | -4.58 | -4.09 | -2.77 | -4.02 | -4 | -1.85 | -0.47 | -14.1 |
| Book value per share | — | 11.3 | 6.82 | 3.96 | 4.2 | 6.08 | 4.75 | 6.27 | -0.16 |
| FCF per share | — | -3.45 | -3.54 | -5.01 | -3.56 | -2.23 | -0.22 | 1.09 | -4.16 |
| Cash per share | — | 10.2 | 9.18 | 5.16 | 4.48 | 7 | 5.9 | 7.64 | 6.75 |
| Capex per share | — | 0.02 | 0.01 | 0 | 0.01 | 0 | 0.02 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 0.13% | 0.36% | 0.06% | 0.29% | — | — |
| Capex / operating cash flow | — | -0.77% | -0.26% | -0.02% | -0.24% | -0.14% | 10.1% | — | — |
| Payout ratio | — | — | — | 0% | — | — | — | — | 0% |
| — |
| — |
| $19.1M |
| — |
| FY20 | — | -$4.09 | — | — | $0 | — |
| FY19 | — | -$4.58 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $47.7M | $69.6M | $69.2M | $77.9M | $90.4M | $99.4M | $111.6M | $127.8M | $133M | $148.9M | $159.9M | $176.2M |
| YoY change | +154.1% | +149.2% | +119.1% | +107.7% | +89.4% | +42.9% | +61.2% | +64.1% | +47.2% | +49.8% | +43.3% | +37.9% |
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 | 52M | 116.7M | 231.8M | 156.5M | 151.7M | 286.3M | 280.3M | 383.3M |
| Receivables | — | — | 0 | 3.3M | 24M | 68M | 78.3M | 123.3M |
| Inventory | — | — | 0 | 1.5M | 5.6M | 22.3M | 22.4M | 24.9M |
| Total current assets | 52M | 119.4M | 236.3M | 166.6M | 190.2M | 387.5M | 392.8M | 549.7M |
| Property, plant & equipment | 0 | 3.7M | 3.2M | 981K | 914K | 706K | 9.8M | 10.6M |
| Goodwill & intangibles | — | — | 0 | 37.5M | 117.9M | 505.9M | 499.6M | 521.8M |
| Total assets | 52M | 146.7M | 240.9M | 294.7M | 352.9M | 646.6M | 670.8M | 842.8M |
| Accounts payable | 269K | 3.4M | 3.2M | 9.2M | 8.7M | 7.4M | 14.6M | 9.6M |
| Short-term debt | — | 397K | 636K | 711K | 931K | 1.1M | 1.7M | 2.1M |
| Total current liabilities | 2.4M | 13.1M | 18.5M | 42.6M | 64.7M | 87.1M | 126.6M | 205.8M |
| Long-term debt | 0 | 3.3M | 2.6M | 1.9M | 1.3M | 307M | 316.1M | 317.3M |
| Total liabilities | 62.3M | 16.4M | 68.8M | 174.4M | 210.9M | 398M | 445.1M | 528.1M |
| Shareholders' equity | -10.3M | 130.3M | 172.1M | 120.2M | 142M | 248.7M | 225.6M | 314.7M |
| Total debt | 0 | 3.6M | 3.3M | 2.6M | 2.2M | 308.1M | 317.8M | 319.5M |
| Net debt | -52M | -8.3M | -138.8M | -28.7M | -25.8M | 21.8M | 95.3M | 22.8M |
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 | 306M | 286.3M | 302.8M | 278.4M | 284.4M | 280.3M | 277.7M | 304.6M | 375.5M | 383.3M | 386.3M | 438.3M |
| Receivables | 45.4M | 68M | 55M | 60.4M | 68.5M | 78.3M | 95.9M | 106.8M | 107.1M | 123.3M | 133.1M | 145.4M |
| Inventory | 22.3M | 22.3M | 21.6M | 20.4M | 21.6M | 22.4M | 22.4M | 22.9M | 24M | 24.9M | 25.5M | 25.8M |
| Total current assets | 388.6M | 387.5M | 389.5M | 367.8M | 386.6M | 392.8M | 410.8M | 453.4M | 530.6M | 549.7M | 569.4M | 636.3M |
| Property, plant & equipment | 2.2M | 706K | 1.2M | 9.9M | 1.2M | 9.8M | 8.8M | 10.1M | 9.8M | 10.6M | 15.1M | 14.3M |
| Goodwill & intangibles | 516.7M | 505.9M | 514.9M | 523.5M | 511.6M | 499.6M | 487.7M | 475.7M | 463.8M | 521.8M | 508.3M | 494.8M |
| Total assets | 650.6M | 646.6M | 652M | 660.8M | 667.9M | 670.8M | 690.2M | 725.8M | 785.1M | 842.8M | 890.9M | 1B |
| Accounts payable | 7.4M | 7.4M | 16M | 9.8M | 9.5M | 14.6M | 11.6M | 17.7M | 12.2M | 9.6M | 59.4M | 23.4M |
| Short-term debt | 1.1M | 1.1M | 358K | 1.1M | 1.5M | 1.7M | 1.6M | 2.1M | 2M | 2.1M | 2.4M | 2.4M |
| Total current liabilities | 74.7M | 87.1M | 105.9M | 112.3M | 115.8M | 126.6M | 127.6M | 144.8M | 160.4M | 205.8M | 272.8M | 222.8M |
| Long-term debt | 306.9M | 307M | 307.2M | 315.5M | 316.1M | 316.1M | 315.5M | 316.8M | 316.7M | 317.3M | 321.4M | 760.5M |
| Total liabilities | 381.6M | 398M | 417.4M | 431.8M | 435.9M | 445.1M | 457M | 470.7M | 493.1M | 528.1M | 648.4M | 1.1B |
| Shareholders' equity | 269.1M | 248.7M | 234.6M | 229M | 232M | 225.6M | 233.3M | 255.2M | 292M | 314.7M | 242.5M | -10.4M |
| Total debt | 308M | 308.1M | 307.5M | 316.6M | 317.7M | 317.8M | 317.2M | 318.9M | 318.8M | 319.5M | 323.8M | 762.9M |
| Net debt | 4.9M | 21.8M | 4.7M | 83.3M | 94.7M | 95.3M | 105.3M | 90.8M | 36.7M | 22.8M | -1.1M | 432.2M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -52.6M | -103.3M | -84M | -135.7M | -163.4M | -87.9M | -23.4M |
| Depreciation & amortization | 324K | 623K | 595K | 3.2M | 10.8M | 23.6M | 24.2M |
| Stock-based compensation | 6.1M | 12.6M | 23.1M | 27M | 35M | 48.4M | 71.4M |
| Change in working capital | 9.8M | 2.5M | 21M | -17.4M | -19M | 23.4M | -14M |
| Operating cash flow | -36.4M | -87.2M | -129.3M | -113.9M | -80.1M | 9.8M | 55.8M |
| Capital expenditure | -281K | -225K | -24K | -278K | -109K | -993K | — |
| Investing cash flow | -127.8M | 37.9M | 67.5M | 7.7M | -87.2M | -70.1M | -23M |
| Dividends paid | — | — | 0 | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 127.2M | 181.3M | 71.4M | 101.8M | 326.1M | 0 | 0 |
| Net change in cash | -37M | 131.9M | 9.6M | -4.3M | 158.9M | -60.3M | 32.8M |
| Free cash flow | -39.6M | -89.3M | -151.8M | -120.4M | -91.1M | -10.7M | 54.9M |
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 | 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 | -23.6M | -35.7M | -25.3M | -24.6M | -14.2M | -23.8M | -14.7M | -5.9M | 2.9M | -5.7M | -790.2M | -67.2M |
| Depreciation & amortization | 2.7M | 5.5M | 5.7M | 5.9M | 6.1M | 6.1M | 6.1M | 6.1M | 6.1M | 6.1M | 6.9M | 6.9M |
| Stock-based compensation | 8.4M | 9.7M | 11.4M | 11.8M | 11.9M | 13.3M | 15.8M | 18.5M | 18.1M | 19M | 36.2M | 30.6M |
| Change in working capital | -3M | -10.7M | 20.8M | -4.4M | 2.2M | -2M | -8.3M | -2.5M | 16.8M | -20M | 108.8M | -39.1M |
| Operating cash flow | -15.2M | -30.6M | 13.6M | -10.9M | 6.3M | -6M | -623K | 12M | 39.7M | 6.1M | -228.8M | -44.3M |
| Capital expenditure | 0 | 0 | -13K | -779K | -181K | -20K | -41K | — | — | — | — | — |
| Investing cash flow | 30M | 3M | -13K | -62.7M | -8M | 641K | -16.1M | -6.5M | -2M | 1.6M | -905K | -135M |
| Dividends paid | — | — | 0 | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 202.4M | -440K | 0 | 0 | 0 | 0 | — | — | — | — | 259.9M | 0 |
| Net change in cash | 217.2M | -28.1M | 13.6M | -73.6M | -1.7M | -5.4M | -16.8M | 5.6M | 37.6M | 7.7M | 30.3M | -179.2M |
| Free cash flow | -18.2M | -21.6M | 15.2M | -14.6M | -6.2M | -5.1M | -2M | 11.9M | 39.5M | 5.5M | -239.4M | -69.3M |