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 | $1.11 | $1.48 | +33.3% | — | $364.6M | — |
| Q1 26 | $0.93 | $1.15 | +23.7% | — | $351.3M | — |
| Q3 25 | $0.88 | $1.16 | +31.8% | — | $316.9M | — |
| Q2 25 | $0.86 | $1.09 | +26.7% | — | $299M | — |
| Q1 25 | $0.7 | $1.1 | +57.1% | — | $282.3M | — |
| Q4 24 | $0.79 | $1.08 | +36.7% | — | $268M | — |
| Q3 24 | $0.63 | $0.85 | +34.9% | — | $251M | — |
| Q2 24 | $0.56 | $0.94 | +67.9% | — | $236.1M | — |
| Q1 24 | $0.4 | $0.61 | +52.5% | — | $216.9M | — |
| Q4 23 | $0.32 | $0.65 | +103.1% | — | $202.6M | — |
| Q3 23 | $0.21 | $0.64 | +204.8% | — | $189.2M | — |
| Q2 23 | $0.21 | $0.41 | +95.2% | — | $175.7M | — |
| Q1 23 | -$0.29 | $0.14 | +148.3% | — | $162.3M | — |
| Q4 22 | -$0.36 | $0.44 | +222.2% | — | $149.9M | — |
| Q3 22 | -$0.54 | $0.05 | +109.3% | — | $136.9M | — |
| Q2 22 | -$0.75 | -$0.33 | +56.0% | — | $123.7M | — |
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 | — | $2.31 | — | — | $1.2B | — |
| FY24 | — | $0.65 | — | — | $972M | — |
| FY23 | — | -$0.04 | — | — | $729.7M | — |
| FY22 | — | -$2.99 | — | — | $519M | — |
| FY21 | — | -$4.53 |
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 | $78.1M | $161.1M | $308.1M | $519M | $729.7M | $972M | $1.2B |
| YoY change | — | +106.3% | +91.3% | +68.4% | +40.6% | +33.2% | +26.7% |
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 | 78.1M | 161.1M | 308.1M | 519M | 729.7M | 972M | 1.2B |
| Cost of revenue | 12M | 22.5M | 39M | 66.5M | 80.6M | 103.7M | 133.1M |
| Gross profit | 66.1M | 138.6M | 269.1M | 452.5M | 649M | 868.3M | 1.1B |
| Gross margin | 84.7% | 86% | 87.3% | 87.2% | 88.9% | 89.3% | 89.2% |
| Research & development | 24.6M | 43.5M | 73.7M | 127M | 156.5M | 213.7M | 320.8M |
| Selling, general & administrative | 134M | 245.7M | 321.6M | 477.5M | 531.1M | 675.6M | 779.8M |
| Operating expenses | 158.6M | 289.2M | 395.3M | 604.5M | 687.6M | 889.3M | 1.1B |
| Operating income | -92.5M | -150.5M | -126.1M | -152M | -38.6M | -21M | -1.7M |
| Operating margin | -118.5% | -93.4% | -40.9% | -29.3% | -5.29% | -2.16% | -0.14% |
| Non-operating income, net | 115K | 492K | -742K | 4.7M | 361K | -4.8M | -3.1M |
| Pretax income | -90.9M | -150M | -127M | -129.5M | 3.3M | 34.5M | 59.3M |
| Income tax | 683K | 2.2M | 2.3M | 7.4M | 5.2M | 2.1M | -59.4M |
| Net income | -91.6M | -152.2M | -129.3M | -136.9M | -1.9M | 32.4M | 118.7M |
| Net margin | -117.3% | -94.5% | -42% | -26.4% | -0.26% | 3.33% | 9.64% |
| EBITDA | -89.9M | -147.9M | -123.1M | -125.5M | 12M | 51.1M | 15.1M |
| EPS | -2.36 | -3.92 | -4.53 | -2.99 | -0.04 | 0.65 | 2.31 |
| Diluted EPS | -2.36 | -3.92 | -4.53 | -2.99 | -0.04 | 0.62 | 2.24 |
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 | 189.2M | 202.6M | 216.9M | 236.1M | 251M | 268M | 282.3M | 299M | 316.9M | 333.9M | 351.3M | 364.6M |
| Cost of revenue | 21.7M | 22.4M | 23.5M | 23.8M | 26M | 30.5M | 28.8M | 31.2M | 35.8M | 37.3M | 38.1M | 42.7M |
| Gross profit | 167.5M | 180.2M | 193.5M | 212.3M | 225M | 237.5M | 253.4M | 267.8M | 281.1M | 296.5M | 313.1M | 322M |
| Gross margin | 88.5% | 88.9% | 89.2% | 89.9% | 89.7% | 88.6% | 89.8% | 89.6% | 88.7% | 88.8% | 89.1% | 88.3% |
| Research & development | 38.4M | 41.9M | 44.4M | 50.4M | 56.5M | 62.3M | 69.4M | 87M | 79.5M | 84.9M | 92M | 99.3M |
| Selling, general & administrative | 131.6M | 139.4M | 154.1M | 160.1M | 195.9M | 165.5M | 174.3M | 192.4M | 204M | 209.2M | 201.4M | 202.8M |
| Operating expenses | 170M | 181.3M | 198.5M | 210.5M | 252.4M | 227.9M | 243.6M | 279.4M | 283.4M | 294.2M | 293.4M | 302.1M |
| Operating income | -2.5M | -1.1M | -5M | 1.8M | -27.4M | 9.6M | 9.8M | -11.6M | -2.4M | 2.4M | 19.8M | 19.9M |
| Operating margin | -1.33% | -0.57% | -2.32% | 0.76% | -10.9% | 3.58% | 3.47% | -3.86% | -0.75% | 0.71% | 5.62% | 5.46% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | -21.4M |
| Pretax income | 9M | 11.7M | 7.8M | 16.6M | -12.5M | 22.5M | 27.4M | 2.6M | 13.4M | 15.9M | 30.1M | 5.4M |
| Income tax | 1.5M | -621K | 739K | 2.3M | -434K | -540K | 18K | 978K | 332K | -60.8M | 2.1M | 2M |
| Net income | 7.5M | 12.3M | 7.1M | 14.3M | -12M | 23M | 27.4M | 1.6M | 13.1M | 76.7M | 28M | 3.5M |
| Net margin | 3.96% | 6.09% | 3.26% | 6.06% | -4.79% | 8.58% | 9.72% | 0.53% | 4.12% | 23% | 7.98% | 0.95% |
| EBITDA | -190K | 43.3M | -2.5M | 4.7M | -24.2M | 68.3M | 13M | -8.2M | 1.1M | 6.1M | 23.6M | 45.3M |
| EPS | 0.15 | 0.25 | 0.14 | 0.29 | -0.24 | 0.45 | 0.54 | 0.03 | 0.25 | 1.48 | 0.58 | 0.08 |
| Diluted EPS | 0.15 | 0.24 | 0.14 | 0.27 | -0.24 | 0.43 | 0.52 | 0.03 | 0.25 | 1.45 | 0.57 | 0.08 |
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 | — | — | — | — | 9.1B | 11.8B | 7.6B | 3.3B |
| Enterprise value | — | — | — | — | 8B | 10.4B | 6.1B | 2.7B |
| Shares outstanding | 38.8M | 38.8M | 30.3M | 45.8M | 48.4M | 49.9M | 51.4M | 51.4M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 363 | 63.9 | 35.4 |
| P/S | — | — | — | — | 12.4 | 12.1 | 6.16 | 2.59 |
| P/B | — | — | — | — | 11.2 | 11.4 | 6.09 | 5.72 |
| EV/EBITDA | — | — | — | — | 669.7 | 203.3 | 402.9 | 53.2 |
| EV/Sales | — | — | — | — | 11 | 10.7 | 4.95 | 1.98 |
| Earnings yield | — | — | — | — | — | 0.28% | 1.56% | 2.82% |
| FCF yield | — | — | — | — | 2.26% | 2.52% | 4.08% | 8.52% |
| PEG | — | — | — | — | — | — | — | 0.21 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 84.7% | 86% | 87.3% | 87.2% | 88.9% | 89.3% | 89.2% | 88.3% |
| Operating margin | -118.5% | -93.4% | -40.9% | -29.3% | -5.29% | -2.16% | -0.14% | 5.46% |
| Net margin | -117.3% | -94.5% | -42% | -26.4% | -0.26% | 3.33% | 9.64% | 8.87% |
| ROE | 70.1% | 70% | -18.4% | -20.1% | -0.23% | 3.14% | 9.52% | 13.4% |
| ROA | -49.5% | -96.7% | -13.9% | -13.2% | -0.15% | 1.92% | 5.64% | 1.38% |
| ROIC | 31.6% | 44.8% | 68.8% | 118.4% | 0% | 6.07% | 0.7% | -18.2% |
| Return on tangible assets | -49.5% | -96.7% | -13.9% | -13.2% | -0.15% | 1.92% | 5.64% | 7.61% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.25 | 1.05 | 4 | 3.1 | 2.82 | 2.66 | 2.5 | 1.53 |
| Quick ratio | 2.25 | 1.05 | 4 | 3.1 | 2.82 | 2.66 | 2.5 | 1.53 |
| Debt / equity | -0.1 | -0.1 | 0 | 0.11 | 0.08 | 0.1 | 0.14 | 0.38 |
| Debt / assets | 0.07 | 0.13 | 0 | 0.07 | 0.05 | 0.06 | 0.08 | 0.15 |
| Net debt / EBITDA | 1.81 | 0.8 | 7.21 | 6.44 | -88 | -26.5 | -99 | -11 |
| Interest coverage | -166.5 | -222.6 | -312.5 | -2.1K | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 100% | 6.08% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 2.01 | 4.15 | 10.2 | 11.3 | 15.1 | 19.5 | 23.9 | 28 |
| EPS (basic) | -2.36 | -3.92 | -4.53 | -2.99 | -0.04 | 0.65 | 2.31 | 2.31 |
| EPS (diluted) | -2.36 | -3.92 | -4.53 | -2.99 | -0.04 | 0.62 | 2.24 | 2.36 |
| Book value per share | -3.36 | -5.6 | 23.2 | 14.8 | 16.8 | 20.6 | 24.2 | 14.6 |
| FCF per share | -0.99 | -1.1 | 0.09 | 0.18 | 4.24 | 5.93 | 6.02 | 6.63 |
| Cash per share | 4.52 | 3.6 | 29.2 | 19.3 | 23.1 | 29.3 | 32.4 | 25.4 |
| Capex per share | 0.04 | 0.11 | 0.38 | 0.35 | 0.16 | 0.26 | 0.07 | 0.07 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.8% | 2.71% | 3.72% | 3.08% | 1.08% | 1.36% | 0.27% | 0.24% |
| Capex / operating cash flow | -3.43% | -8.73% | 243.6% | 78.7% | 4.18% | 4.95% | 1.01% | 1.04% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $308.1M |
| — |
| FY20 | — | -$3.92 | — | — | $161.1M | — |
| FY19 | — | -$2.36 | — | — | $78.1M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $189.2M | $202.6M | $216.9M | $236.1M | $251M | $268M | $282.3M | $299M | $316.9M | $333.9M | $351.3M | $364.6M |
| YoY change | +38.2% | +35.1% | +33.7% | +34.4% | +32.7% | +32.3% | +30.1% | +26.6% | +26.2% | +24.6% | +24.5% | +21.9% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 175.6M | 139.8M | 886.8M | 885.9M | 1.1B | 1.5B | 1.7B |
| Receivables | 3.4M | 3.9M | 8.5M | 13.2M | 17.9M | 25.8M | 30.6M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 181.3M | 147.6M | 913.5M | 923.8M | 1.2B | 1.5B | 1.8B |
| Property, plant & equipment | 3.2M | 7.2M | 19.6M | 114.6M | 99.7M | 136.3M | 203M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 185.1M | 157.4M | 933.2M | 1B | 1.3B | 1.7B | 2.1B |
| Accounts payable | 18.9M | 25.7M | 23.6M | 7.3M | 24.8M | 35.6M | 45M |
| Short-term debt | 13.1M | 21.1M | 84K | 19.1M | 18.2M | 29M | 25.8M |
| Total current liabilities | 80.8M | 140.4M | 228.2M | 298.2M | 416M | 575.6M | 714.9M |
| Long-term debt | — | — | 0 | 58.6M | 42.9M | 77M | 142.9M |
| Total liabilities | 315.8M | 375M | 229.8M | 359.3M | 462.1M | 655.3M | 859.8M |
| Shareholders' equity | -130.6M | -217.6M | 703.4M | 679.7M | 813.5M | 1B | 1.2B |
| Total debt | 13.1M | 21.1M | 84K | 77.7M | 61.1M | 106M | 168.8M |
| Net debt | -158.5M | -108.7M | -886.7M | -808.2M | -1.1B | -1.3B | -1.3B |
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 | 1.1B | — | 1.2B | 1.3B | 1.4B | — | 1.6B | 1.7B | 1.7B | 1.7B | 1.2B | 1.1B |
| Receivables | 13.8M | — | 18.3M | 19.6M | 20.6M | — | 26.4M | 36.2M | 32.7M | 30.6M | 34.4M | 32.9M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.1B | — | 1.3B | 1.4B | 1.5B | — | 1.7B | 1.8B | 1.9B | 1.8B | 1.3B | 1.2B |
| Property, plant & equipment | 103.8M | 38.7M | 96.2M | 100.2M | 125.1M | 48.3M | 157.4M | 156.8M | 152.4M | 203M | 214.3M | 253.2M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | 26.2M |
| Total assets | 1.2B | — | 1.4B | 1.5B | 1.6B | — | 1.8B | 2B | 2.1B | 2.1B | 1.7B | 1.6B |
| Accounts payable | 16.1M | — | 37.2M | 46.3M | 35M | — | 31.9M | 41.9M | 45.3M | 45M | 46.5M | 62.9M |
| Short-term debt | 18.5M | — | 18.9M | 19.5M | 25.6M | — | 29.3M | 29.8M | 27.2M | 25.8M | 28.5M | 27.5M |
| Total current liabilities | 388.7M | — | 493.2M | 520.1M | 546.1M | — | 649.2M | 672.9M | 697.1M | 714.9M | 782.4M | 789.9M |
| Long-term debt | 45.5M | — | 39M | 37.3M | 65.4M | — | 93.2M | 96.4M | 92M | 142.9M | 149M | 210M |
| Total liabilities | 438M | — | 534.9M | 560.1M | 614M | — | 745M | 771.6M | 791.3M | 859.8M | 933.5M | 1B |
| Shareholders' equity | 762.4M | — | 855.8M | 910.1M | 971.1M | — | 1.1B | 1.2B | 1.3B | 1.2B | 758.7M | 618M |
| Total debt | 63.9M | — | 57.9M | 56.8M | 91.1M | — | 122.5M | 126.2M | 119.3M | 168.8M | 177.6M | 237.5M |
| Net debt | -990.4M | — | -1.2B | -1.2B | -1.2B | — | -1.4B | -1.5B | -1.4B | -1.3B | -819.6M | -615.9M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -91.6M | -152.2M | -129.3M | -136.9M | -1.9M | 32.4M | 118.7M |
| Depreciation & amortization | 579K | 1.9M | 2.7M | 8.6M | 9M | 11.9M | 13.8M |
| Stock-based compensation | 21.8M | 64.3M | 73.5M | 104.9M | 100.2M | 129.2M | 177M |
| Change in working capital | 28.3M | 36M | 57.7M | 43.7M | 81.6M | 75.6M | 11.6M |
| Operating cash flow | -40.9M | -49.9M | 4.7M | 20.3M | 189M | 267M | 333.6M |
| Capital expenditure | -1.4M | -4.4M | -11.4M | -16M | -7.9M | -13.2M | -3.4M |
| Investing cash flow | 13.6M | -10.4M | -1.4M | -16M | -7.9M | -68.8M | -113.4M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -135M |
| Financing cash flow | 158.3M | 7.9M | 716M | -21.2M | 4M | 11.9M | -150.2M |
| Net change in cash | 131M | -52.4M | 719.3M | -16.9M | 185.1M | 210.1M | 70M |
| Free cash flow | -38.4M | -42.7M | 2.6M | 8.1M | 204.9M | 295.8M | 309.9M |
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 | 7.5M | 12.3M | 7.1M | 14.3M | -12M | 23M | — | — | 13.1M | 76.7M | 28M | 3.5M |
| Depreciation & amortization | 2.3M | 2.6M | 2.5M | 2.9M | 3.2M | 3.2M | — | — | 3.5M | 3.7M | 3.8M | 4M |
| Stock-based compensation | 26.6M | 22.3M | 26.5M | 36.6M | 35.4M | 30.7M | — | — | 49.9M | 39.5M | 29.3M | 41.2M |
| Change in working capital | 18.3M | 12.5M | 47.3M | 22.9M | -265K | 5.7M | — | — | 10.3M | -57M | 42.2M | 8.9M |
| Operating cash flow | 54.7M | 49.8M | 83.5M | 76.7M | 44.2M | 62.5M | — | — | 95.1M | 59.7M | 104.7M | 55.4M |
| Capital expenditure | -779K | -2.4M | -1.5M | -4.5M | -3.8M | -3.4M | — | — | -941K | -736K | -484K | -1.1M |
| Investing cash flow | -779K | -2.4M | -1.5M | -4.5M | -53.4M | -3.4M | 0 | 0 | -150.5M | -29M | -60.7M | -21.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | -552.6M | -182.4M |
| Financing cash flow | -4.3M | -122K | 9.8M | 4.3M | -1.3M | -924K | — | — | -12M | 1.9M | -554.6M | -182.2M |
| Net change in cash | 49.6M | 47.2M | 91.9M | 76.5M | -10.5M | 58.2M | 0 | 0 | -67.3M | 32.6M | -510.6M | -148.3M |
| Free cash flow | 64.9M | 55.4M | 89.9M | 50.8M | 82.4M | 72.7M | — | — | 90.2M | 52.1M | 101.8M | 50.5M |