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 | — | — | — | — | $22.5M | — |
| FY24 | — | — | — | — | $45.6M | — |
| FY23 | — | — | — | — | $14.1M | — |
| FY22 | — | — | — | — | $106.9M | — |
| FY21 | — | — | — | — | $0 | — |
| FY20 | — | — | — | — | $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 | $106.9M | $14.1M | $45.6M | $22.5M |
| YoY change | — | 0% | +InfinityT% | -86.8% | +223.4% | -50.6% |
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 | Q1 24 | Q2 24 | Q3 24 |
|---|
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 | 106.9M | 14.1M | 45.6M | 22.5M |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 5.2M | 30.2M | 90.3M | 159.4M | 151.4M | 141.8M |
| Selling, general & administrative | 1.6M | 5.9M | 14.6M | 29.8M | 70.4M | 106.4M |
| Operating expenses | 6.8M | 36.1M | 104.9M | 189.2M | 221.9M | 248.2M |
| Operating income | -6.8M | -36.1M | 2M | -175.1M | -176.3M | -225.7M |
| Operating margin | — | — | 1.88% | -1.2K% | -386.9% | -1K% |
| Non-operating income, net | 30.7K | -6.7M | -19.6M | -5.2M | -82.2M | -5.7M |
| Pretax income | -7.4M | -43.5M | -23.6M | -176.9M | -241.6M | -203.8M |
| Income tax | 0 | 0 | 0 | 27K | -1K | 0 |
| Net income | -7.4M | -43.5M | -23.6M | -176.9M | -241.6M | -203.8M |
| Net margin | — | — | -22% | -1.3K% | -530.3% | -905.7% |
| EBITDA | -6.9M | -43.9M | -12M | -171.6M | -159.3M | -219.7M |
| EPS | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — |
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 | 2.9M | 803K | 1.4M | 2.3M | 29.1M | 12.8M | 3M | 19.1M | 348K | 32K | 3M | 3.7M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 43.4M | 41.3M | 42.4M | 38.4M | 35.7M | 34.9M | 44.8M | 27.5M | 31M | 38.6M | 38M | 41.7M |
| Selling, general & administrative | 7.9M | 8.7M | 13.6M | 15.3M | 17.3M | 24.3M | 27.2M | 27.3M | 24.5M | 27.4M | 23.5M | 26.9M |
| Operating expenses | 51.2M | 50M | 56M | 53.7M | 53M | 59.2M | 71.9M | 54.8M | 55.5M | 66M | 61.5M | 68.6M |
| Operating income | -48.3M | -49.2M | -54.6M | -51.4M | -23.9M | -46.4M | -68.9M | -35.6M | -55.1M | -66M | -58.4M | -64.9M |
| Operating margin | -1.6K% | -6.1K% | -3.9K% | -2.3K% | -82% | -363.6% | -2.3K% | -186.1% | -15.8K% | -206.2K% | -1.9K% | -1.8K% |
| Non-operating income, net | -634K | -1.1M | -41.4M | 8.7M | 3.9M | -53.4M | 22M | 11.2M | -23.6M | -15.4M | 4.3M | -5.1M |
| Pretax income | -47.1M | -49.5M | -93.8M | -39M | -16.6M | -92.2M | -39.5M | -17.4M | -72M | -74.9M | -48.4M | -64.1M |
| Income tax | 0 | 27K | 0 | 0 | -1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -47.1M | -49.5M | -93.8M | -39M | -16.6M | -92.2M | -39.5M | -17.4M | -72M | -74.9M | -48.4M | -64.1M |
| Net margin | -1.6K% | -6.2K% | -6.7K% | -1.7K% | -57.2% | -721.7% | -1.3K% | -90.7% | -20.7K% | -234.1K% | -1.6K% | -1.7K% |
| EBITDA | -47.6M | -49.9M | -13.2M | -60.1M | -27.8M | -58.3M | -90.9M | -46.8M | -31.5M | -50.5M | -62.7M | -59.7M |
| EPS | — | — | — | — | — | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | — | — | — | — | 0 |
| Enterprise value | — | — | — | — | — | — | -489.8M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | — | 2.12 |
| EV/EBITDA | — | — | — | — | — | — | 2.23 |
| EV/Sales | — | — | — | — | — | — | -21.8 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 1.88% | -1.2K% | -386.9% | -1K% | -1.8K% |
| Net margin | — | — | -22% | -1.3K% | -530.3% | -905.7% | 0% |
| ROE | 160.7% | -74.1% | -5.26% | -61.4% | -31.9% | -29.8% | -36.8% |
| ROA | -62.3% | -61.7% | -4.73% | -51% | -27.9% | -26.5% | -20.1% |
| ROIC | -2.5K% | 975.6% | -5.16% | 336.8% | 231.2% | -476.2% | 10.4K% |
| Return on tangible assets | -62.3% | -61.7% | -4.73% | -51% | -28% | -26.5% | -36.9% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.72 | 5.96 | 13.3 | 6.95 | 8.08 | 7.88 | 9.03 |
| Quick ratio | 0.72 | 5.96 | 13.3 | 6.95 | 8.08 | 7.88 | 9.03 |
| Debt / equity | -3.26 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt / assets | 1.26 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net debt / EBITDA | -0.7 | 1.42 | 40.5 | 1.98 | 5.23 | 2.89 | 3.1 |
| Interest coverage | -15.7 | -100.7 | -77.9 | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | — | — | — | — | 0.06 |
| Book value per share | — | — | — | — | — | — | 5.37 |
| FCF per share | — | — | — | — | — | — | -0.39 |
| Cash per share | — | — | — | — | — | — | 5.3 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 0.22% | 0.17% | 1.47% | — | — |
| Capex / operating cash flow | -0.24% | -0.09% | 1.76% | -0.02% | -0.3% | — | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $2.9M | $803K | $1.4M | $2.3M | $29.1M | $12.8M | $3M | $19.1M | $348K | $32K | $3M | $3.7M |
| YoY change | — | — | -83.8% | +32.7% | +889.8% | +1.5K% | +112.6% | +740.1% | -98.8% | -99.7% | +2.08% | -80.7% |
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 | 10.1M | 62.6M | 486.8M | 340.4M | 834.2M | 636.2M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 11.8M | 69.4M | 497.4M | 346.8M | 863.4M | 675.7M |
| Property, plant & equipment | 15.4K | 223.9K | 131.1K | 101K | 673K | 568K |
| Goodwill & intangibles | — | 0 | 216.5K | 170K | 534K | 407K |
| Total assets | 11.8M | 70.4M | 498M | 347.1M | 864.6M | 769.3M |
| Accounts payable | 506.9K | 7.3M | 12.3M | 16.9M | 4.7M | 9M |
| Short-term debt | 14.9M | 62.5K | 68.7K | 60K | 246K | 136K |
| Total current liabilities | 16.4M | 11.6M | 37.5M | 49.9M | 106.9M | 85.8M |
| Long-term debt | 0 | 130.8K | 62.4K | 0 | 202K | 66K |
| Total liabilities | 16.4M | 11.8M | 50.4M | 58.7M | 107.1M | 85.9M |
| Shareholders' equity | -4.6M | 58.7M | 447.6M | 288.4M | 757.5M | 683.4M |
| Total debt | 14.9M | 193.2K | 131.1K | 60K | 448K | 202K |
| Net debt | 4.9M | -62.4M | -486.6M | -340.4M | -771.3M | -489.8M |
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 | Q2 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 | 433.7M | 340.4M | 481.1M | 430.7M | 422.7M | 834.2M | 808.5M | 739.2M | 702.9M | 636.2M | 636.1M | 633.9M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 440.3M | 346.8M | 487.8M | 445.4M | 437.9M | 863.4M | 817.3M | 769.9M | 732.3M | 675.7M | 658M | 659.2M |
| Property, plant & equipment | — | 101K | 139K | 788K | 724K | 673K | 607K | 620K | 569K | 568K | 400K | 493K |
| Goodwill & intangibles | 92.3M | 170K | 486K | 542K | 593K | 534K | 502K | 470K | 439K | 407K | 375K | 343K |
| Total assets | 532.8M | 347.1M | 488.5M | 446.7M | 439.2M | 864.6M | 818.4M | 815.1M | 786.4M | 769.3M | 732.6M | 704.5M |
| Accounts payable | 23.6M | 16.9M | 8.5M | 5.3M | 7M | 4.7M | 6.1M | 5.9M | 3.6M | 9M | 8.1M | 5.4M |
| Short-term debt | 72.4K | 60K | 43K | 234K | 240K | 246K | 252K | 225K | 181K | 136K | 23K | 26K |
| Total current liabilities | 43.4M | 49.9M | 59.7M | 45.3M | 41.3M | 106.9M | 40.9M | 36.5M | 58.3M | 85.8M | 67.4M | 73M |
| Long-term debt | 26K | 0 | — | 328K | 266K | 202K | 137K | 103K | 85K | 66K | 0 | 56K |
| Total liabilities | 55.2M | 58.7M | 76.7M | 59.3M | 60.3M | 107.1M | 41M | 36.6M | 58.4M | 85.9M | 67.4M | 73M |
| Shareholders' equity | 477.6M | 288.4M | 411.8M | 387.4M | 378.9M | 757.5M | 777.4M | 778.5M | 728.1M | 683.4M | 665.2M | 631.4M |
| Total debt | 98.4K | 60K | 43K | 562K | 506K | 448K | 389K | 328K | 266K | 202K | 23K | 82K |
| Net debt | -433.6M | -340.4M | -481.1M | -430.1M | -422.2M | -771.3M | -748M | -563.5M | -538.1M | -489.8M | -457.6M | -424.1M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -7.4M | -43.5M | -23.6M | -176.9M | -241.6M | -203.8M |
| Depreciation & amortization | 1.3K | 5.2K | 9.4K | 49K | 113K | 220K |
| Stock-based compensation | 0 | 1.3M | 4.3M | 24.6M | 33.6M | 59.4M |
| Change in working capital | — | 6.6M | 24M | -3.6M | -16.9M | 2.9M |
| Operating cash flow | -6.9M | -28M | 13.1M | -155.9M | -224.8M | -147.8M |
| Capital expenditure | -16.6K | -25K | -230K | -24K | -672K | — |
| Investing cash flow | -16.6K | -25K | 582.5K | -24K | -62.8M | -174.7M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 14.5M | 88.1M | 407.8M | 0 | 644M | -1.6M |
| Net change in cash | 7.5M | 60.2M | 421.4M | -156M | 356.4M | -324M |
| Free cash flow | -7.7M | -30.7M | 10.9M | -141.2M | -159.2M | -148M |
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 | -47.1M | -49.5M | -93.8M | -39M | -16.6M | -92.2M | -39.5M | -17.4M | -72M | -74.9M | -48.4M | -64.1M |
| Depreciation & amortization | 14K | 13K | 15K | 19K | 28K | 51K | 52K | 45K | 64K | 59K | 62K | 59K |
| Stock-based compensation | 5.4M | 6M | 7.9M | 8.3M | 8M | 9.4M | 15.2M | 15.2M | 15M | 14M | 18M | 18.4M |
| Change in working capital | -12.2M | 12.1M | -9.7M | -5.6M | 119K | -1.7M | -727K | -3.4M | -2.3M | 9.3M | -793K | -2.7M |
| Operating cash flow | -53.9M | -31.4M | -95.5M | -36.3M | -8.5M | -84.4M | -25M | -37.7M | -32.8M | -40.9M | -30.6M | -39.2M |
| Capital expenditure | -9K | -3K | -385K | -209K | -75K | -3K | -16K | — | — | — | — | — |
| Investing cash flow | -9K | -3K | -385K | -209K | -75K | -3K | 2.9M | -159M | 2.5M | -21M | -11.5M | -4.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 189M | 0 | 0 | 455M | -1.6M | 0 | 0 | 0 | — | — |
| Net change in cash | -53.9M | -31.4M | 93M | -36.5M | -8.6M | 370.6M | -23.7M | -196.7M | -30.2M | -61.9M | -42.1M | -43.9M |
| Free cash flow | -47M | -33.1M | -55M | -54.2M | -12.6M | -37.5M | -36.5M | -37.8M | -32.8M | -41M | -30.6M | -39.3M |