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 | -$0.38 | -$0.16 | +57.9% | — | $0 | — |
| Q1 26 | -$0.41 | -$0.49 | -19.5% | — | $0 | — |
| Q4 25 | -$0.41 | -$0.42 | -2.4% | — | $0 | — |
| Q2 25 | -$0.45 | -$0.49 | -8.9% | — | $0 | — |
| Q1 25 | -$0.4 | -$0.69 | -72.5% | — | $0 | — |
| Q4 24 | -$0.42 | -$0.67 | -59.5% | — | $0 | — |
| Q3 24 | -$0.42 | -$0.48 | -14.3% | — | $0 | — |
| Q2 24 | -$0.37 | -$0.51 | -37.8% | — | $0 | — |
| Q1 24 | -$0.4 | -$0.44 | -10.0% | — | $0 | — |
| Q4 23 | -$0.39 | -$0.34 | +12.8% | — | $0 | — |
| Q3 23 | -$0.25 | -$0.34 | -36.0% | — | $0 | — |
| Q2 23 | -$0.29 | -$0.38 | -31.0% | — | $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 | — | -$1.89 | — | — | $0 | — |
| FY24 | — | -$2.12 | — | — | $0 | — |
| FY23 | — | -$2.97 | — | — | $0 | — |
| FY22 | — | -$1.18 | — | — | $0 | — |
| FY21 | — | -$0.57 | — |
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 | 9.3M | 9.6M | 22.2M | 29.2M | 52.1M | 57.1M |
| Selling, general & administrative | 3.5M | 4.1M | 6.7M | 14.7M | 18.9M | 23.2M |
| Operating expenses | 12.3M | 13.2M | 32.3M | 45.8M | 73.1M | 81.5M |
| Operating income | -12.3M | -13.2M | -32.4M | -45.9M | -73.2M | -81.7M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | 163K | -193K | 49K | -43M | -14.3M | -18.4M |
| Pretax income | -14.8M | -18.5M | -38.6M | -88.7M | -85.9M | -99.1M |
| Income tax | 83K | 27K | 55K | 107K | -160K | -186K |
| Net income | -14.9M | -18.6M | -38.7M | -88.8M | -85.8M | -99M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -12.1M | -13M | -32M | -44.1M | -70.6M | -79.4M |
| EPS | -0.45 | -0.57 | -1.18 | -2.97 | -2.12 | -1.89 |
| Diluted EPS | -0.45 | -0.57 | -1.18 | -2.97 | -2.12 | -1.89 |
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 | 8.9M | 8M | 10.9M | 20.6M | 16.2M | 11.8M | 14.8M | 14.9M | 14.1M | 13.3M | 14M | 15.3M |
| Selling, general & administrative | 3.6M | 4.1M | 4.1M | 6.5M | 5.8M | 5M | 4.9M | 5.4M | 5.9M | 6.9M | 7.2M | 7.5M |
| Operating expenses | 12.9M | 12.2M | 15.3M | 28M | 22.6M | 17.2M | 19.9M | 20.7M | 20.2M | 20.6M | 21.7M | 23.5M |
| Operating income | -13M | -12.2M | -15.3M | -28.1M | -22.6M | -17.3M | -20M | -20.8M | -20.3M | -20.6M | -21.7M | -23.6M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -5.1M | -972K | -1.3M | 1.4M | -2.9M | -11.8M | -13.5M | -5M | 3.2M | -3.1M | -7.4M | 13.3M |
| Pretax income | -17.5M | -12.5M | -16.1M | -26M | -25.2M | -28.9M | -33.2M | -25.4M | -16.8M | -23.7M | -28.9M | -10M |
| Income tax | -116K | -13K | 30K | 37.5K | 22.4K | -238K | 7K | -24K | 13K | -182K | -98K | 6K |
| Net income | -17.4M | -12.5M | -16.1M | -26M | -25.2M | -28.7M | -33.2M | -25.4M | -16.9M | -23.5M | -28.9M | -10M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -12.4M | -11.5M | -14.7M | -27.1M | -21.8M | -16.8M | -19.4M | -20.1M | -19.7M | -20.2M | -21.2M | -22.8M |
| EPS | -0.48 | — | -0.44 | -0.51 | -0.48 | -0.67 | -0.69 | -0.49 | -0.32 | -0.42 | -0.49 | -0.16 |
| Diluted EPS | -0.48 | — | -0.44 | -0.51 | -0.48 | -0.67 | -0.69 | -0.49 | -0.32 | -0.42 | -0.49 | -0.16 |
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 | — | 285M | 297.1M | — | — | — | 503.1M |
| Enterprise value | — | 239.5M | 277.9M | — | — | — | 418.2M |
| Shares outstanding | 29.4M | 29.4M | 29.4M | 26.4M | 40.4M | 52.2M | 52.2M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 63.6 |
| P/S | — | — | — | — | — | — | 438.8 |
| P/B | — | -4.68 | -3.03 | — | — | — | 2.15 |
| EV/EBITDA | — | -18.5 | -8.7 | — | — | — | -4.03 |
| EV/Sales | — | — | — | — | — | — | 295.4 |
| Earnings yield | — | — | — | — | — | — | 1.57% |
| FCF yield | — | -4.86% | -9.64% | — | — | — | -9.93% |
| PEG | — | — | — | — | — | — | -0.94 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | -7.6K% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | 34.1% | 30.4% | 39.5% | -94.7% | -116.9% | -50.5% | -43.7% |
| ROA | -90.8% | -32% | -104.4% | -77.7% | -71.3% | -41.9% | -25% |
| ROIC | 25.8% | 12.4% | 27.6% | -1.7K% | 303.8% | 558.3% | 1.3K% |
| Return on tangible assets | -194.2% | -45.7% | -306% | -98.7% | -91.5% | -47.3% | -33.4% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 1.42 | 11.8 | 1.97 | 5.29 | 2.37 | 5.96 | 8.35 |
| Quick ratio | 1.42 | 11.8 | 1.97 | 5.29 | 2.37 | 5.96 | 8.35 |
| Debt / equity | -0.02 | -0.01 | -0.01 | 0.01 | 0.02 | 0.01 | 0.01 |
| Debt / assets | 0.05 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Net debt / EBITDA | 0.34 | 3.51 | 0.6 | 2.06 | 1.38 | 2.66 | 2.69 |
| Interest coverage | -4.63 | -2.62 | -5 | -66.4 | -133.5 | -118 | -88.8 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 |
| EPS (basic) | -0.45 | -0.57 | -1.18 | -2.97 | -2.12 | -1.89 | -1.89 |
| EPS (diluted) | -0.45 | -0.57 | -1.18 | -2.97 | -2.12 | -1.89 | -1.68 |
| Book value per share | -1.48 | -2.07 | -3.33 | 3.55 | 1.82 | 3.75 | 4.32 |
| FCF per share | -0.41 | -0.47 | -0.97 | -2.04 | -1.18 | -1.3 | -1.07 |
| Cash per share | 0.17 | 1.57 | 0.67 | 3.47 | 2.44 | 4.08 | 3.7 |
| Capex per share | 0 | 0 | 0 | 0 | 0.01 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.16% | -0.23% | -0.21% | -0.1% | -0.31% | — | — |
| Payout ratio | — | — | — | — | — | 0% | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.45 | — | — | $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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 5M | 46.3M | 19.8M | 91.7M | 98.7M | 213M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 6.2M | 48M | 23.7M | 101M | 104.9M | 218.9M |
| Property, plant & equipment | 1.4M | 1.3M | 1.1M | 1M | 1.7M | 3M |
| Goodwill & intangibles | 8.7M | 17.4M | 24.4M | 24.4M | 26.6M | 26.6M |
| Total assets | 16.4M | 58M | 37.1M | 114.4M | 120.4M | 236M |
| Accounts payable | 790K | 824K | 3.9M | 7.6M | 5.9M | 1.8M |
| Short-term debt | 188K | 193K | 142K | 174K | 315K | 502K |
| Total current liabilities | 4.3M | 4.1M | 12M | 19.1M | 44.2M | 36.7M |
| Long-term debt | 645K | 577K | 491K | 431K | 865K | 1.8M |
| Total liabilities | 60M | 119M | 135.1M | 20.6M | 47M | 39.9M |
| Shareholders' equity | -43.7M | -61M | -98M | 93.7M | 73.4M | 196.1M |
| Total debt | 833K | 770K | 633K | 605K | 1.2M | 2.3M |
| Net debt | -4.1M | -45.5M | -19.2M | -37.7M | -26.5M | -79M |
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 | 106.6M | 91.7M | 79.9M | 147.3M | 131.5M | 98.7M | 181.9M | 160.3M | 145.2M | 213M | 222M | 228.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 115.5M | 101M | 85.4M | 155.6M | 139M | 104.9M | 188.8M | 166.2M | 150.9M | 218.9M | 227M | 233.1M |
| Property, plant & equipment | 1.1M | 1M | 978K | 2.1M | 2.2M | 1.7M | 1.6M | 1.6M | 3.1M | 3M | 2.9M | 3.1M |
| Goodwill & intangibles | 24.4M | 24.4M | 24.4M | 30.5M | 30.4M | 26.6M | 26.6M | 13.3M | 13.3M | 26.6M | 13.3M | 13.3M |
| Total assets | 128.9M | 114.4M | 98.7M | 173.2M | 156.6M | 120.4M | 204.2M | 181.6M | 167.8M | 236M | 244M | 250.3M |
| Accounts payable | 6.7M | 7.6M | 1.2M | 4M | 6.1M | 5.9M | 4.4M | 1.2M | 1.2M | 1.8M | 4.5M | 2.7M |
| Short-term debt | 182K | 174K | 182K | 408.3K | 391.6K | 315K | 304K | 310K | 421K | 502K | 416K | 751K |
| Total current liabilities | 22.2M | 19.1M | 18.2M | 29.5M | 34.6M | 44.2M | 39.5M | 36.5M | 33.7M | 36.7M | 43.9M | 27.9M |
| Long-term debt | 505K | 431K | 411K | 1.3M | 1.2M | 865K | 799K | 720K | 2M | 1.8M | 1.8M | 1.8M |
| Total liabilities | 23.3M | 20.6M | 19.7M | 32.4M | 37.9M | 47M | 41.5M | 38.5M | 37.2M | 39.9M | 47.3M | 31M |
| Shareholders' equity | 105.6M | 93.7M | 79M | 140.9M | 118.8M | 73.4M | 162.6M | 143.1M | 130.6M | 196.1M | 196.6M | 219.3M |
| Total debt | 687K | 605K | 593K | 1.7M | 1.6M | 1.2M | 1.1M | 1M | 2.5M | 2.3M | 2.2M | 2.5M |
| Net debt | -30M | -37.7M | -23.8M | -53.1M | -42.9M | -26.5M | -58.8M | -63.2M | -44M | -79M | -62.3M | -59.1M |
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 | -14.8M | -18.5M | -38.6M | -88.7M | -85.9M | -99.1M |
| Depreciation & amortization | 228K | 235K | 299K | 287K | 406K | 546K |
| Stock-based compensation | 328K | 328K | 804K | 3.6M | 9.8M | 16M |
| Change in working capital | -240K | -439K | 1.1M | -1.8M | 3.4M | -74K |
| Operating cash flow | -11.9M | -12.4M | -30.6M | -47M | -75M | -66.3M |
| Capital expenditure | -19K | -28K | -65K | -48K | -230K | — |
| Investing cash flow | -19K | -28K | -65K | -54.2M | -17.6M | -60.8M |
| Dividends paid | — | — | — | — | — | 0 |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 4.9M | 55.2M | 1.6M | 127.9M | 50.4M | 165.3M |
| Net change in cash | -7M | 42.7M | -29M | 26.7M | -42.2M | 38.2M |
| Free cash flow | -12M | -13.9M | -28.6M | -53.9M | -47.7M | -67.7M |
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 | -17.5M | -12.5M | -16.1M | -26M | -25.2M | -28.9M | -33.2M | -25.4M | -16.8M | -23.7M | -28.9M | -10M |
| Depreciation & amortization | 73K | 74K | 73K | 111.1K | 152.1K | 122K | 123K | 113K | 152K | 158K | 154K | 178K |
| Stock-based compensation | 1.2M | 1M | 1.1M | 4.1M | 3.1M | 2.8M | 2.6M | 4.5M | 4.6M | 4.3M | 5M | 6.6M |
| Change in working capital | 1.4M | 166K | -2.5M | 2.5M | -3.6M | 799K | -341K | 1.4M | 2.4M | -332K | 465K | 801K |
| Operating cash flow | -16.3M | -9.6M | -19.1M | -19.6M | -24.9M | -26.3M | -30.6M | -17.2M | -13.4M | -16.7M | -15.3M | -20.2M |
| Capital expenditure | -19K | -5K | — | -23.7K | -192K | -57K | -13K | — | — | — | — | — |
| Investing cash flow | -3.8M | 21.7M | -2M | -23.2M | 5.2M | -1.1M | -50.6M | 25.5M | -2.7M | -33M | -25.7M | -8.8M |
| Dividends paid | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -721K | 334K | -45K | 66.8M | -1.6M | -86K | 84.6M | -652K | -1.7M | 83M | 21.9M | 24.6M |
| Net change in cash | -20.8M | 12.4M | -21.2M | 24M | -21.4M | -27.5M | 3.4M | 7.6M | -17.8M | 33.3M | -19.1M | -4.4M |
| Free cash flow | -12M | -13M | -13.2M | -16.2M | -12.3M | -10.4M | -20.1M | -17.4M | -13.5M | -16.7M | -15.3M | -20.2M |