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 | -$0.24 | -$0.23 | +4.2% | — | $0 | — |
| Q1 26 | -$0.31 | -$0.3 | +3.2% | — | $0 | — |
| Q4 25 | -$0.33 | -$0.35 | -6.1% | — | $0 | — |
| Q3 25 | -$0.34 | -$0.35 | -2.9% | — | $0 | — |
| Q2 25 | -$0.37 | -$0.33 | +10.8% | — | $0 | — |
| Q1 25 | -$0.38 | -$0.42 | -10.5% | — | $0 | — |
| Q4 24 | -$0.44 | -$0.37 | +15.9% | — | $0 | — |
| Q3 24 | -$0.38 | -$0.45 | -18.4% | — | $0 | — |
| Q2 24 | -$0.36 | -$0.37 | -2.8% | — | $0 | — |
| Q1 24 | -$0.32 | -$0.34 | -6.3% | — | $0 | — |
| Q4 23 | -$0.6 | -$0.71 | -18.3% | — | $0 | — |
| Q3 23 | -$0.36 | -$1.14 | -216.7% | — | $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 | — | -$1.45 | — | — | $0 | — |
| FY24 | — | -$1.53 | — | — | $0 | — |
| FY23 | — | -$3.63 | — | — | $0 | — |
| FY22 | — | -$4.81 | — | — | $0 | — |
| FY21 | — | -$1.56 | — |
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 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 |
|---|
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 | 87.1M | 212.8M | 104.7M | 206.6M | 200.9M | 181.1M |
| Selling, general & administrative | 8.4M | 24.5M | 31.1M | 45.5M | 62.5M | 60.1M |
| Operating expenses | 95.5M | 237.3M | 135.9M | 252.1M | 263.5M | 241.2M |
| Operating income | -95.5M | -237.3M | -135.9M | -252.1M | -263.5M | -241.2M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | -3.8M | 11K | 405K | -170K | -78K | -767K |
| Pretax income | -99.3M | -237.3M | -130.9M | -235.7M | -243.6M | -236.8M |
| Income tax | — | — | 0 | 268K | 178K | 130K |
| Net income | -99.3M | -237.3M | -130.9M | -235.9M | -243.8M | -236.9M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -95.4M | -236.8M | -135.3M | -251.4M | -262.8M | -233.4M |
| EPS | -0.65 | -1.56 | -4.81 | -3.63 | -1.53 | -1.45 |
| Diluted EPS | -0.65 | -1.56 | -4.81 | -3.63 | -1.53 | -1.45 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 41.6M | 102.8M | 45.8M | 48.6M | 60.6M | 45.9M | 52.2M | 38.7M | 45.5M | 44.7M | 38.6M | 29.3M |
| Selling, general & administrative | 15.3M | 11.2M | 14.3M | 15.2M | 16M | 17M | 18.8M | 15.3M | 12.2M | 13.8M | 14.3M | 12.9M |
| Operating expenses | 56.9M | 114M | 60.1M | 63.8M | 76.6M | 62.9M | 70.9M | 54M | 57.7M | 58.5M | 52.9M | 42.2M |
| Operating income | -56.9M | -114M | -60.1M | -63.8M | -76.6M | -62.9M | -70.9M | -54M | -57.7M | -58.5M | -52.9M | -42.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -1K | -104K | -12K | -24K | -57K | 15K | -25K | -480K | 7K | -269K | 59K | -7K |
| Pretax income | -53M | -108.5M | -53.7M | -58.6M | -72.5M | -58.8M | -67.9M | -52.7M | -56.8M | -59.5M | -53.4M | -43.1M |
| Income tax | 0 | — | — | 125K | 53K | 0 | 105K | 25K | 0 | 0 | 30K | 0 |
| Net income | -53M | -108.7M | -53.7M | -58.7M | -72.5M | -58.8M | -68M | -52.7M | -56.8M | -59.5M | -53.5M | -43.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -56.7M | -113.8M | -59.9M | -63.7M | -76.5M | -62.8M | -70.8M | -54M | -56M | -57.4M | -51.6M | -41.3M |
| EPS | -1.14 | — | -0.34 | -0.37 | -0.45 | -0.37 | -0.42 | -0.33 | -0.35 | -0.35 | -0.3 | -0.23 |
| Diluted EPS | -1.14 | — | -0.34 | -0.37 | -0.45 | -0.37 | -0.42 | -0.33 | -0.35 | -0.35 | -0.3 | -0.23 |
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 | — | — | — | — | — | — | — | 130M |
| Enterprise value | — | — | — | — | — | — | — | 63.7M |
| Shares outstanding | — | 151.9M | 151.9M | 27.2M | 65M | 159.4M | 163.4M | 163.4M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.48 |
| P/B | — | — | — | — | — | — | — | 3.08 |
| EV/EBITDA | — | — | — | — | — | — | — | -0.31 |
| Earnings yield | — | — | — | — | — | — | — | -209.6% |
| FCF yield | — | — | — | — | — | — | — | -76.5% |
| PEG | — | — | — | — | — | — | — | 0.02 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | — | 105.2% | 73% | 29.3% | -50.3% | -84.9% | -228.1% | -187.1% |
| ROA | — | -50.2% | -55.3% | -30.7% | -47.5% | -76.9% | -124% | -73.9% |
| ROIC | — | — | — | 16.8% | -1.2K% | 1.4K% | 1K% | 1.1K% |
| Return on tangible assets | — | -50.2% | -55.3% | -30.7% | -47.5% | -76.9% | -124% | -169.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 20.7 | 17.9 | 16.4 | 19 | 10.5 | 5.87 | 4.5 |
| Quick ratio | — | 20.7 | 17.9 | 16.4 | 19 | 10.5 | 5.87 | 4.5 |
| Debt / equity | — | -0.02 | -0.01 | -0.02 | 0.01 | 0.01 | 0.53 | 1.2 |
| Debt / assets | — | 0.01 | 0 | 0.02 | 0.01 | 0.01 | 0.29 | 0.43 |
| Net debt / EBITDA | — | 1.99 | 1.72 | 2.69 | 1.78 | 1.16 | 0.55 | 0.31 |
| Interest coverage | — | — | — | — | — | — | -72.6 | -31.9 |
| Effective tax rate | — | — | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | — | -0.65 | -1.56 | -4.81 | -3.63 | -1.53 | -1.45 | -1.45 |
| EPS (diluted) | — | -0.65 | -1.56 | -4.81 | -3.63 | -1.53 | -1.45 | -1.23 |
| Book value per share | — | -0.62 | -2.14 | -16.4 | 7.21 | 1.8 | 0.64 | 0.24 |
| FCF per share | — | -0.18 | -0.5 | -4.24 | -2.51 | -1.15 | -1.26 | -0.97 |
| Cash per share | — | 1.26 | 2.69 | 13.7 | 6.98 | 1.93 | 1.12 | 0.62 |
| Capex per share | — | 0.01 | 0.01 | 0.02 | 0 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | -4.08% | -1.03% | -0.47% | -0.08% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.65 | — | — | $0 | — |
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| 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% |
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 | 0 | 192M | 409.2M | 371.9M | 454M | 307.6M | 182.5M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 0 | 193.8M | 415.6M | 388M | 478.3M | 314.1M | 190.5M |
| Property, plant & equipment | 0 | 3.9M | 4M | 10.6M | 6.9M | 2.9M | 457K |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 0 | 197.9M | 429.3M | 426.2M | 496.2M | 317M | 191M |
| Accounts payable | 0 | 2.4M | 1.6M | 7.1M | 337K | 3.3M | 3.4M |
| Short-term debt | — | 764K | 1.1M | 3.4M | 3.4M | 1.9M | 284K |
| Total current liabilities | 21K | 9.4M | 23.3M | 23.7M | 25.1M | 29.9M | 32.5M |
| Long-term debt | 0 | 1.3M | 996K | 5.1M | 1.9M | 0 | 54.7M |
| Total liabilities | 21K | 292.3M | 754.5M | 873.1M | 27.1M | 29.9M | 87.2M |
| Shareholders' equity | -21K | -94.4M | -325.2M | -446.9M | 469.1M | 287.1M | 103.9M |
| Total debt | 0 | 2M | 2.1M | 8.4M | 5.2M | 1.9M | 55M |
| Net debt | 0 | -189.9M | -407.2M | -232.5M | -368.8M | -140.3M | -127.5M |
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 | 509.6M | 454M | 422.7M | 371.6M | 341.3M | 307.6M | 249.4M | 217.6M | 171.5M | 182.5M | 147.1M | 116.8M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 525.7M | 478.3M | 442.8M | 398.3M | 348.6M | 314.1M | 254.9M | 222.9M | 177.1M | 190.5M | 153.4M | 124.9M |
| Property, plant & equipment | 7.9M | 6.9M | 5.9M | 4.9M | 3.9M | 2.9M | 1.9M | 618K | 554K | 457K | 390K | 322K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 544.7M | 496.2M | 450.2M | 404.5M | 352.5M | 317M | 256.7M | 223.8M | 177.8M | 191M | 153.9M | 125.2M |
| Accounts payable | 2.2M | 337K | 1.5M | 1.1M | 6.1M | 3.3M | 1.1M | 644K | 549K | 3.4M | 5.1M | 4.1M |
| Short-term debt | 3.4M | 3.4M | 3.5M | 3.6M | 2.7M | 1.9M | 938K | 171K | 256K | 284K | 291K | 299K |
| Total current liabilities | 29.1M | 25.1M | 24.6M | 23.1M | 31.7M | 29.9M | 28.4M | 21.2M | 25.8M | 32.5M | 30.1M | 27.8M |
| Long-term debt | 2.7M | 1.9M | 938K | 0 | 0 | 0 | — | 19.8M | 19.8M | 54.7M | 53.1M | 53M |
| Total liabilities | 32.1M | 27.1M | 25.7M | 23.2M | 31.8M | 29.9M | 28.4M | 40.9M | 45.7M | 87.2M | 83.2M | 80.7M |
| Shareholders' equity | 512.7M | 469.1M | 424.5M | 381.3M | 320.7M | 287.1M | 228.4M | 182.9M | 132.2M | 103.9M | 70.7M | 44.5M |
| Total debt | 6.1M | 5.2M | 4.4M | 3.6M | 2.7M | 1.9M | 938K | 20M | 20.1M | 55M | 53.4M | 53.3M |
| Net debt | -406.1M | -368.8M | -178.5M | -147.1M | -273M | -140.3M | -125.9M | -104.6M | -109M | -127.5M | -93.7M | -63.6M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -99.3M | -237.3M | -130.9M | -235.9M | -243.8M | -236.9M |
| Depreciation & amortization | 105K | 538K | 594K | 668K | 631K | 208K |
| Stock-based compensation | 1.7M | 4.3M | 8.3M | 17.2M | 40M | 29.9M |
| Change in working capital | -5.1M | -5.3M | -1.7M | -4M | -505K | -1.9M |
| Operating cash flow | -31.8M | -79.7M | -108.4M | -154.6M | -200.4M | -206.4M |
| Capital expenditure | -1.3M | -817K | -511K | -117K | 0 | — |
| Investing cash flow | -11.2M | -817K | -168M | 64.4M | -70.6M | 168.3M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | -2K | 0 | 0 | -491K | 0 | — |
| Financing cash flow | 230.1M | 291M | 111.5M | 229.1M | 13.7M | 76.8M |
| Net change in cash | 187M | 210.5M | -164.9M | 138.8M | -257.2M | 38.7M |
| Free cash flow | -28.1M | -76.2M | -115.4M | -163.4M | -182.9M | -206.4M |
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 | -53M | -108.7M | -53.7M | -58.7M | -72.5M | -58.8M | -68M | -52.7M | -56.8M | -59.5M | -53.5M | -43.1M |
| Depreciation & amortization | 173K | 166K | 158K | 160K | 156K | 157K | 157K | 19K | 23K | 9K | 8K | 7K |
| Stock-based compensation | 6.5M | 6.1M | 7.4M | 12.8M | 9.9M | 9.9M | 9.3M | 7.2M | 6M | 7.4M | 7.4M | 7.2M |
| Change in working capital | -563K | -2.8M | 353K | -1.2M | 4.2M | -3.8M | -3.2M | -1.4M | -56K | 2.8M | 1.6M | -980K |
| Operating cash flow | -46.1M | -40.5M | -45M | -46.2M | -57.4M | -51.7M | -60.8M | -52.4M | -46.6M | -48M | -46.4M | -39.5M |
| Capital expenditure | -37K | -44K | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Investing cash flow | 23.8M | 18.3M | -150M | 21.3M | 157M | -98.8M | 44.2M | 30.3M | 51.2M | 42.6M | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -2.9M | -820K | — | — | — | 13.7M | — | — | -136K | 38.9M | 10.9M | 9.5M |
| Net change in cash | -25.2M | -23M | -195M | -24.9M | 99.6M | -136.8M | -16.6M | -22.1M | 4.5M | 33.5M | -35.5M | -30M |
| Free cash flow | -47.8M | -51.5M | -43M | -56.2M | -33.5M | -50.3M | -59.4M | -52.4M | -46.6M | -47.9M | -46.4M | -39.5M |