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 % |
|---|---|---|---|---|---|---|
| Q3 25 | -$0.5 | -$0.78 | -56.0% | — | $0 | — |
| Q2 25 | -$0.36 | -$0.5 | -38.9% | — | $0 | — |
| Q1 25 | -$0.37 | -$0.35 | +5.4% | — | $0 | — |
| Q4 24 | -$0.28 | -$0.41 | -46.4% | — | $0 | — |
| Q3 24 | -$0.26 | -$0.18 | +30.8% | — | $0 | — |
| Q2 24 | -$0.33 | -$0.29 | +12.1% | — | $0 | — |
| Q1 24 | -$0.56 | -$1.14 | -103.6% | — | $0 | — |
| Q4 23 | -$0.48 | -$0.59 | -22.9% | — | $0 | — |
| Q3 23 | -$0.67 | -$0.45 | +32.8% | — | $0 | — |
| Q2 23 | -$0.54 | -$0.76 | -40.7% | — | $0 | — |
| Q1 23 | -$0.42 | -$0.52 | -23.8% | — | $0 | — |
| Q4 22 | -$0.5 | -$0.16 | +68.0% | — | $0 | — |
| Q3 22 | -$0.63 | -$0.56 | +11.1% | — | $0 | — |
| Q2 22 | -$0.75 | -$0.6 | +20.0% | — | $0 | — |
| Q1 22 | -$0.7 | -$0.6 | +14.3% | — | $0 | — |
| Q4 21 | -$0.67 | -$0.75 | -11.9% | — | $0 | — |
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 | — |
| FY24 | — | -$1.54 | — | — | $0 | — |
| FY23 | — | -$2.44 | — | — | $0 | — |
| FY22 | — | -$1.84 | — | — | $0 | — |
| FY21 | — | -$3.45 | — | — | $0 | — |
| FY20 | — | -$1.95 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 0% | 0% |
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 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 18.6M | 34.8M | 36.2M | 52.1M | 65.3M | 117.7M |
| Selling, general & administrative | 14.4M | 59.1M | 30.2M | 41.7M | 38.6M | 48.6M |
| Operating expenses | 33M | 93.9M | 66.3M | 93.9M | 103.9M | 166.3M |
| Operating income | -33M | -93.9M | -66.3M | -93.9M | -103.9M | -166.3M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | -743K | 20K | 8M | -6.5M | -14M | -23M |
| Pretax income | -33.9M | -94.2M | -56.8M | -95.7M | -108.7M | -183.8M |
| Income tax | 0 | -1.2M | 0 | — | — | — |
| Net income | -33.9M | -93M | -56.8M | -95.7M | -108.7M | -183.8M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -33M | -91.2M | -71.2M | -84.2M | -91.8M | -155.3M |
| EPS | -1.95 | -3.45 | -1.84 | -2.44 | -1.54 | — |
| Diluted EPS | -1.95 | -3.45 | -1.84 | -2.44 | -1.54 | — |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 12.6M | 14.8M | 13.2M | 11.5M | 11.7M | 14.6M | 17.2M | 21.8M | 23.4M | 29.8M | 31M | 33.5M |
| Selling, general & administrative | 8.3M | 14.4M | 8.4M | 10.7M | 10.5M | 9.8M | 7.6M | 10.7M | 8.8M | 11.1M | 14.7M | 14.1M |
| Operating expenses | 20.9M | 29.2M | 21.6M | 22.2M | 22.2M | 24.5M | 24.8M | 32.5M | 32.2M | 40.9M | 45.7M | 47.6M |
| Operating income | -20.9M | -29.2M | -21.6M | -22.2M | -22.2M | -24.5M | -24.8M | -32.5M | -32.2M | -40.9M | -45.7M | -47.6M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -5.2M | -1.3M | 2.5M | -2.6M | -33.4M | 16M | 8.3M | -4.9M | 7M | -2.3M | -22.6M | -5.1M |
| Pretax income | -24.8M | -29.1M | -17.9M | -23.9M | -54.4M | -5.9M | -13.7M | -34.7M | -23.3M | -42.7M | -67.3M | -50.4M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -24.8M | -29.1M | -17.9M | -23.9M | -54.4M | -5.9M | -13.7M | -34.7M | -23.3M | -42.7M | -67.3M | -50.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -18.7M | -27M | -19.4M | -18.9M | -20M | -21.3M | -21.3M | -29.2M | -29.7M | -38.1M | -43.4M | -44.1M |
| EPS | -0.65 | -0.76 | -0.45 | — | -1.14 | -0.08 | -0.18 | -0.41 | -0.27 | -0.5 | -0.78 | — |
| Diluted EPS | -0.65 | -0.76 | -0.45 | — | -1.14 | -0.26 | -0.27 | -0.41 | -0.35 | -0.5 | -0.78 | — |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 80.1M | 133.5M | 142.1M | 99.7M | 273.7M | 411.6M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 81.5M | 137.2M | 146.1M | 103.9M | 281.6M | 419.3M |
| Property, plant & equipment | — | — | — | — | — | — |
| Goodwill & intangibles | 0 | 53.6M | 47.2M | 40.9M | 39.8M | 39.8M |
| Total assets | 81.5M | 164M | 170M | 124.5M | 302.2M | 440.1M |
| Accounts payable | 2M | 4.2M | 2.1M | 4.1M | 2M | 5.3M |
| Short-term debt | — | — | 72K | — | — | — |
| Total current liabilities | 3M | 10.4M | 17.9M | 32.2M | 38.8M | 66.7M |
| Long-term debt | — | — | — | 14.1M | 21.9M | 40.6M |
| Total liabilities | 5.7M | 12.3M | 19.1M | 46.4M | 60.7M | 107.8M |
| Shareholders' equity | 75.9M | 151.7M | 150.9M | 78.1M | 241.4M | 332.3M |
| Total debt | — | — | 72K | 14.1M | 21.9M | 40.6M |
| Net debt | — | — | -142.1M | -85.6M | -251.9M | -217.3M |
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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 129.4M | 116.9M | 117.7M | 99.7M | — | — | — | 273.7M | 212.4M | 183M | 209.1M | 411.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 132.4M | 119.8M | 120.1M | 103.9M | — | — | — | 281.6M | 221.7M | 189.1M | 215.8M | 419.3M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 45.6M | 44.1M | 42.5M | 40.9M | — | — | — | 39.8M | 39.8M | 39.8M | 39.8M | 39.8M |
| Total assets | 155.5M | 142.1M | 141.6M | 124.5M | — | — | — | 302.2M | 275.3M | 265.1M | 236.9M | 440.1M |
| Accounts payable | 2.3M | 8.6M | 7.7M | 4.1M | — | — | — | 2M | 2.3M | 4.2M | 8.1M | 5.3M |
| Short-term debt | 72K | 75K | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 24.1M | 35.1M | 31.2M | 32.2M | — | — | — | 38.8M | 30.5M | 38M | 65.4M | 66.7M |
| Long-term debt | — | — | 14.1M | 14.1M | — | — | — | 21.9M | 22M | 41.2M | 40.4M | 40.6M |
| Total liabilities | 25.2M | 36.1M | 45.6M | 46.4M | — | — | — | 60.7M | 52.5M | 79.7M | 106.3M | 107.8M |
| Shareholders' equity | 130.3M | 106M | 96M | 78.1M | — | — | — | 241.4M | 222.8M | 185.4M | 130.6M | 332.3M |
| Total debt | 72K | 75K | 14.1M | 14.1M | — | — | — | 21.9M | 22M | 41.2M | 40.4M | 40.6M |
| Net debt | -129.3M | -116.8M | -103.6M | -85.6M | — | — | — | -251.9M | -60.8M | 7.8M | 20.4M | -217.3M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -33.9M | -93M | -56.8M | -95.7M | -108.7M | -183.8M |
| Depreciation & amortization | 0 | 2.6M | 3.2M | 3.2M | 527K | 0 |
| Stock-based compensation | 7.4M | 42.7M | 13.7M | 15.5M | 16.9M | 20.1M |
| Change in working capital | 544K | 125K | -3.3M | 924K | -2.1M | 3.3M |
| Operating cash flow | -26M | -47.6M | -43.2M | -76M | -94.3M | -158.7M |
| Capital expenditure | — | — | — | — | — | — |
| Investing cash flow | 0 | -297K | 0 | — | — | -151.6M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 71.6M | 81.9M | 40.4M | 21.7M | 252.5M | 266.2M |
| Net change in cash | 45.6M | 34M | -2.8M | -54.3M | 158.1M | -44.1M |
| Free cash flow | -23.6M | -45.8M | -50.1M | -64.4M | -79.1M | -131.6M |
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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -24.8M | -29.1M | — | — | — | — | — | — | -23.3M | -42.7M | -67.3M | -50.4M |
| Depreciation & amortization | 791K | 790K | — | — | — | — | — | — | 0 | 0 | 0 | 0 |
| Stock-based compensation | 3.8M | 3.8M | — | — | — | — | — | — | 3.4M | 5.3M | 5.8M | 5.6M |
| Change in working capital | 132K | 6.2M | 25K | -9K | 66K | 24K | 25K | -67K | 248K | 2M | 3.9M | -2.8M |
| Operating cash flow | -20.1M | -18.3M | 25K | -9K | 66K | 24K | 25K | -67K | -19.7M | -38M | -54M | -47M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | -162.5M | -73.3M | 15.4M | 35M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 583K | 1.3M | — | — | — | — | — | — | 186K | -22.6M | -579K | 246.7M |
| Net change in cash | -19.5M | -17M | 25K | -9K | 66K | 24K | 25K | -67K | -182M | -133.9M | -39.2M | 234.7M |
| Free cash flow | -13.3M | -13.8M | — | — | — | — | — | — | -29.4M | -29.6M | -29.6M | -43M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | 812M | — | — | — | — | — | 3.7B |
| Enterprise value | 731.9M | — | — | — | — | — | 1.3B |
| Shares outstanding | 17.7M | 27.4M | 30.9M | 39.2M | 70.5M | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/B | 10.7 | — | — | — | — | — | 8.83 |
| EV/EBITDA | -22.2 | — | — | — | — | — | -8.65 |
| FCF yield | -2.91% | — | — | — | — | — | -1.28% |
| PEG | — | — | — | — | — | — | -8.47 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | -44.7% | -61.3% | -37.6% | -122.5% | -45% | -55.3% | -85.6% |
| ROA | -41.6% | -56.7% | -33.4% | -76.9% | -36% | -41.8% | -33.9% |
| ROIC | 781.6% | -517.8% | -749.8% | — | — | — | — |
| Return on tangible assets | -41.6% | -84.3% | -46.3% | -114.4% | -41.4% | -45.9% | -45.9% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 27.1 | 13.2 | 8.16 | 3.22 | 7.25 | 6.29 | 3.3 |
| Quick ratio | 27.1 | 13.2 | 8.16 | 3.22 | 7.25 | 6.29 | 6.29 |
| Debt / equity | — | — | 0 | 0.18 | 0.09 | 0.12 | 0.31 |
| Debt / assets | — | — | 0 | 0.11 | 0.07 | 0.09 | 0.09 |
| Net debt / EBITDA | — | — | 2 | 1.02 | 2.74 | 2.39 | 2.39 |
| Interest coverage | -205.9 | -261.4 | — | — | -46.6 | -32.5 | -32.5 |
| Effective tax rate | 0% | 0% | 0% | — | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | — | — |
| EPS (basic) | -1.95 | -3.45 | -1.84 | -2.44 | -1.54 | — | — |
| EPS (diluted) | -1.95 | -3.45 | -1.84 | -2.44 | -1.54 | — | -1.98 |
| Book value per share | 4.27 | 5.54 | 4.89 | 2 | 3.43 | — | 1.7 |
| FCF per share | -1.33 | -1.67 | -1.62 | -1.64 | -1.12 | — | -0.48 |
| Cash per share | 4.51 | 4.88 | 4.61 | 2.55 | 3.88 | — | 2.12 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | — | — | — | — | 0% |