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 | -$0.56 | -$0.61 | -8.9% | — | $0 | — |
| Q1 26 | -$0.54 | -$0.52 | +3.7% | — | $0 | — |
| Q4 25 | -$0.53 | -$0.5 | +5.7% | — | $0 | — |
| Q3 25 | -$0.45 | -$0.49 | -8.9% | — | $0 | — |
| Q2 25 | -$0.44 | -$0.51 | -15.9% | — | $0 | — |
| Q1 25 | -$0.46 | -$0.36 | +21.7% | — | $0 | — |
| Q4 24 | $0.17 | -$0.51 | -400.0% | — | $0 | — |
| Q3 24 | -$0.57 | -$0.6 | -5.3% | — | $0 | — |
| Q2 24 | -$0.54 | -$0.54 | 0.0% | — | $0 | — |
| Q1 24 | -$0.55 | -$0.56 | -1.8% | — | $0 | — |
| Q4 23 | -$0.46 | -$0.49 | -6.5% | — | $0 | — |
| Q3 23 | -$0.51 | -$0.48 | +5.9% | — | $0 | — |
| Q2 23 | -$0.73 | -$0.49 | +32.9% | — | $0 | — |
| Q1 23 | -$0.66 | -$0.7 | -6.1% | — | $0 | — |
| Q4 22 | -$0.65 | -$0.65 | 0.0% | — | $0 | — |
| Q3 22 | -$0.77 | -$0.57 | +26.0% | — | $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 | — | -$1.87 | — | — | $0 | — |
| FY24 | — | -$2.2 | — | — | $0 | — |
| FY23 | — | -$2.14 | — | — | $0 | — |
| FY22 | — | -$2.62 | — | — | $0 | — |
| FY21 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 1.7M | 3.9M | 13.7M | 51.1M | 82.3M | 86.1M | 124.5M | 157.7M |
| Selling, general & administrative | 386K | 403K | 7.8M | 20.4M | 24.7M | 18.8M | 17.7M | 21M |
| Operating expenses | 2.1M | 4.3M | 21.5M | 71.5M | 107M | 105M | 142.3M | 178.7M |
| Operating income | -2.1M | -4.3M | -21.5M | -71.5M | -107M | -105M | -142.3M | -178.7M |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | -94K | — | — | -47K | -27K | -19K | 102K | 23K |
| Pretax income | -2.2M | -4.3M | -22.1M | -71.1M | -104.8M | -96.7M | -129.5M | -162.5M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -2.2M | -4.3M | -22.1M | -71.1M | -104.8M | -96.7M | -129.5M | -162.5M |
| Net margin | — | — | — | — | — | — | — | — |
| EBITDA | -2.1M | -4.3M | -21.5M | -71.3M | -106.6M | -104.6M | -141.9M | -178.2M |
| EPS | -0.16 | -0.31 | -3.42 | -1.8 | -2.62 | -2.14 | -2.2 | -1.87 |
| Diluted EPS | -0.16 | -0.31 | -3.42 | -1.8 | -2.62 | -2.14 | -2.2 | -1.87 |
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 | 19.5M | 25.9M | 29.9M | 29.1M | 33.2M | 32.3M | 30.6M | 43.9M | 40M | 43.2M | 49.2M | 57.8M |
| Selling, general & administrative | 3.9M | 4.5M | 4.5M | 4.4M | 4.4M | 4.5M | 4.2M | 4M | 5.9M | 6.9M | 8.8M | 9.4M |
| Operating expenses | 23.3M | 30.4M | 34.3M | 33.5M | 37.6M | 36.8M | 34.9M | 47.9M | 45.9M | 50.1M | 58M | 67.2M |
| Operating income | -23.3M | -30.4M | -34.3M | -33.5M | -37.6M | -36.8M | -34.9M | -47.9M | -45.9M | -50.1M | -58M | -67.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -79K | 93K | 17K | 40K | 138K | -93K | -40K | 38K | 12K | 13K | 121K | -528K |
| Pretax income | -21.5M | -26.8M | -31M | -30.4M | -34.6M | -33.6M | -30.4M | -43.8M | -42.2M | -46.1M | -53.1M | -63.2M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -21.5M | -26.8M | -31M | -30.4M | -34.6M | -33.6M | -30.4M | -43.8M | -42.2M | -46.1M | -53.1M | -63.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -23.3M | -30.3M | -34.3M | -33.4M | -37.5M | -36.7M | -34.7M | -47.7M | -45.8M | -49.9M | -57.9M | -67.1M |
| EPS | -0.48 | — | -0.56 | -0.54 | -0.6 | — | -0.36 | -0.51 | -0.49 | — | -0.52 | -0.61 |
| Diluted EPS | -0.48 | — | -0.56 | -0.54 | -0.6 | — | -0.36 | -0.51 | -0.49 | — | -0.52 | -0.61 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 98M | — | — | — | 753.4M |
| Enterprise value | — | — | — | — | -103.9M | — | — | — | 295.9M |
| Shares outstanding | 14.1M | 14.1M | 7M | 39.5M | 40M | 45.2M | 58.7M | 87M | 87M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -4.61 |
| P/B | — | — | — | — | 0.5 | — | — | — | 1.75 |
| EV/EBITDA | — | — | — | — | 0.97 | — | — | — | -1.34 |
| Earnings yield | — | — | — | — | — | — | — | — | -21.7% |
| FCF yield | — | — | — | — | -84.1% | — | — | — | -11.8% |
| PEG | — | — | — | — | — | — | — | — | -0.24 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | 35% | 40.7% | -6.54% | -25% | -53% | -38.1% | -31.7% | -33.9% | -52.7% |
| ROA | -67.2% | -3.3K% | -6.45% | -24% | -48.6% | -34.9% | -28.7% | -30.5% | -31.8% |
| Return on tangible assets | -67.2% | -3.3K% | -6.45% | -24% | -48.6% | -34.9% | -28.7% | -30.5% | -42% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 16.1 | 0.07 | 74.6 | 32.2 | 12.6 | 12.3 | 10.5 | 9.95 | 8.86 |
| Quick ratio | 16.1 | 0.07 | 74.6 | 32.2 | 12.6 | 12.3 | 10.5 | 9.95 | 8.86 |
| Debt / equity | — | — | 0 | 0.01 | 0.01 | 0.01 | 0 | 0.01 | 0.01 |
| Debt / assets | — | — | 0 | 0.01 | 0.01 | 0.01 | 0 | 0.01 | 0.01 |
| Net debt / EBITDA | — | — | 15.8 | 3.98 | 1.89 | 2.48 | 3.05 | 2.81 | 2.07 |
| Interest coverage | -77.5 | — | -32.9 | — | — | — | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.16 | -0.31 | -3.42 | -1.8 | -2.62 | -2.14 | -2.2 | -1.87 | -1.87 |
| EPS (diluted) | -0.16 | -0.31 | -3.42 | -1.8 | -2.62 | -2.14 | -2.2 | -1.87 | -2.09 |
| Book value per share | -0.45 | -0.75 | 48.2 | 7.2 | 4.94 | 5.61 | 6.96 | 5.5 | 4.92 |
| FCF per share | -0.15 | -0.22 | -2.84 | -1.32 | -2.06 | -1.85 | -1.78 | -1.69 | -1.58 |
| Cash per share | 0.22 | 0 | 48.2 | 7.27 | 5.11 | 5.79 | 7.39 | 5.81 | 5.27 |
| Capex per share | 0 | 0 | 0.01 | 0.04 | 0.01 | 0 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | 0% | 0% | -0.33% | -3.09% | -0.45% | -0.02% | -0.15% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| -$1.8 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$3.42 | — | — | $0 | — |
| FY19 | — | -$0.31 | — | — | $0 | — |
| FY18 | — | -$0.16 | — | — | $0 | — |
| 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 |
| 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 3.1M | 68K | 338.5M | 287.3M | 204.4M | 261.8M | 434.1M | 505.4M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 3.2M | 103K | 342.1M | 290.7M | 208.9M | 266.5M | 438.5M | 515.5M |
| Property, plant & equipment | 26K | 52K | 75K | 4.7M | 3.5M | 3.3M | 2.1M | 1.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 3.3M | 132K | 342.7M | 295.9M | 215.6M | 276.9M | 451M | 533.4M |
| Accounts payable | 116K | 935K | 719K | 23K | 374K | 2.7M | 4.5M | 9.3M |
| Short-term debt | — | — | — | 931K | 1M | 988K | 1.2M | 1.1M |
| Total current liabilities | 201K | 1.4M | 4.6M | 9M | 16.5M | 21.6M | 41.8M | 51.8M |
| Long-term debt | — | — | 0 | 2.4M | 1.6M | 1.4M | 257K | 3.1M |
| Total liabilities | 9.5M | 10.7M | 4.6M | 11.4M | 18.1M | 23.1M | 42M | 54.9M |
| Shareholders' equity | -6.3M | -10.6M | 338.1M | 284.6M | 197.5M | 253.9M | 409M | 478.6M |
| Total debt | — | — | 0 | 3.3M | 2.6M | 2.4M | 1.4M | 4.2M |
| Net debt | — | — | -338.5M | -10.5M | -21.1M | -66.1M | -138.1M | -44.1M |
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 | 276.9M | 261.8M | 249M | 239.1M | 214.8M | 434.1M | 392.7M | 361.9M | 329M | 505.4M | 505.3M | 461.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 282M | 266.5M | 252.1M | 242.2M | 218M | 438.5M | 396.7M | 367.7M | 334.3M | 515.5M | 513.2M | 469.9M |
| Property, plant & equipment | 3.6M | 3.3M | 3.1M | 2.8M | 2.4M | 2.1M | 1.7M | 2.2M | 1.9M | 1.4M | 1.3M | 1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 292.8M | 276.9M | 263.7M | 254.6M | 230.2M | 451M | 409.6M | 382M | 352.5M | 533.4M | 530.6M | 486.6M |
| Accounts payable | 2.2M | 2.7M | 7.7M | 4.4M | 2.7M | 4.5M | 151K | 934K | 3.5M | 9.3M | 3.7M | 1.7M |
| Short-term debt | 924K | 988K | 1.1M | 1.1M | 1.1M | 1.2M | 1M | 1.2M | 1.2M | 1.1M | 956K | 660K |
| Total current liabilities | 16M | 21.6M | 26.2M | 26.5M | 30.7M | 41.8M | 26.1M | 33.2M | 41.7M | 51.8M | 47.2M | 53M |
| Long-term debt | 1.7M | 1.4M | 1.2M | 859K | 562K | 257K | 123K | 3.6M | 3.3M | 3.1M | 3M | 3M |
| Total liabilities | 17.7M | 23.1M | 27.4M | 27.4M | 31.3M | 42M | 26.2M | 36.8M | 45M | 54.9M | 50.2M | 56M |
| Shareholders' equity | 275.1M | 253.9M | 236.3M | 227.2M | 198.9M | 409M | 383.5M | 345.2M | 307.5M | 478.6M | 480.5M | 430.6M |
| Total debt | 2.6M | 2.4M | 2.2M | 2M | 1.7M | 1.4M | 1.1M | 4.8M | 4.5M | 4.2M | 4M | 3.7M |
| Net debt | -114.8M | -66.1M | -31.5M | -14.9M | -34.2M | -138.1M | -49.5M | -47.7M | -30.8M | -44.1M | -48.6M | -44.9M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -2.2M | -4.3M | -22.1M | -71.1M | -104.8M | -96.7M | -129.5M | -162.5M |
| Depreciation & amortization | 8K | 9K | 11K | 163K | 357K | 377K | 393K | 490K |
| Stock-based compensation | 1K | 0 | 3.1M | 15.9M | 18.8M | 17.3M | 22.6M | 17.6M |
| Change in working capital | -32K | 1.2M | 1.5M | 2.9M | 5M | -1.3M | 9.6M | 8.2M |
| Operating cash flow | -2.1M | -3.1M | -16.8M | -50.9M | -80.1M | -84.5M | -103.9M | -146.7M |
| Capital expenditure | 0 | 0 | -56K | -1.6M | -363K | 14K | -159K | — |
| Investing cash flow | 0 | 0 | -56K | -275.4M | 91.5M | -4.9M | -93.5M | -155.8M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | -2.3M | 0 | — | — | — | — |
| Financing cash flow | 5.3M | 0 | 357.8M | 0 | 0 | 129.7M | 266.3M | 201.9M |
| Net change in cash | 3.2M | -3.1M | 340.9M | -326.4M | 11.4M | 40.4M | 68.8M | -100.6M |
| Free cash flow | -2.2M | -3.1M | -19.9M | -52.3M | -82.4M | -83.7M | -104.5M | -146.7M |
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 | -21.5M | -26.8M | -31M | -30.4M | -34.6M | -33.6M | — | — | -42.2M | -46.1M | -53.1M | -63.2M |
| Depreciation & amortization | 90K | 88K | 88K | 94K | 95K | 116K | — | — | 43K | 187K | 119K | 102K |
| Stock-based compensation | 4.1M | 4.4M | 4.9M | 5.7M | 5.6M | 6.3M | — | — | 4.3M | 4.3M | 10.1M | 12.9M |
| Change in working capital | -4.5M | 5.4M | 3M | -1.1M | 3.7M | 4.1M | — | — | 4.1M | 8.6M | -4.8M | 5.1M |
| Operating cash flow | -21.4M | -22.1M | -25.1M | -23M | -24.9M | -30.9M | — | — | -34.5M | -38.3M | -46M | -45.9M |
| Capital expenditure | 14K | 0 | -153K | -6K | 0 | 0 | — | — | — | — | — | — |
| Investing cash flow | -25.4M | -30.9M | -20.1M | -4.9M | 45.9M | -114.4M | — | — | 17.3M | -162.2M | 4.5M | 41.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 129.8M | -24K | 7.9M | 14.9M | 0 | 243.5M | -14K | -6.5M | 0 | 205.4M | 37.3M | 0 |
| Net change in cash | 82.9M | -53.1M | -37.3M | -13M | 21.1M | 98.1M | -14K | -6.5M | -17.3M | 4.9M | -4.2M | -4.8M |
| Free cash flow | -22.7M | -18.5M | -23.6M | -27.6M | -27M | -26.3M | — | — | -34.5M | -38.3M | -46M | -46.1M |