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 | -$0.65 | -$0.7 | -7.7% | — | $0 | — |
| Q3 25 | -$0.67 | -$0.6 | +10.4% | — | $0 | — |
| Q2 25 | -$0.77 | -$0.83 | -7.8% | — | $0 | — |
| Q1 25 | -$0.83 | -$0.85 | -2.4% | — | $0 | — |
| Q3 24 | -$0.6 | -$0.77 | -28.3% | — | $0 | — |
| Q2 24 | -$0.58 | -$0.55 | +5.2% | — | $0 | — |
| Q1 24 | -$0.57 | -$0.52 | +8.8% | — | $0 | — |
| Q3 23 | -$0.59 | -$0.58 | +1.7% | — | $0 | — |
| Q2 23 | -$0.58 | -$0.63 | -8.6% | — | $0 | — |
| Q1 23 | -$0.76 | -$0.67 | +11.8% | — | $0 | — |
| Q3 22 | -$0.63 | -$0.25 | +60.3% | — | $0 | — |
| Q2 22 | -$0.56 | -$0.38 | +32.1% | — | $0 | — |
| Q1 22 | -$0.46 | -$0.48 | -4.3% | — | $0 | — |
| Q4 21 | -$0.83 | -$0.09 | +89.2% | — | $0 | — |
| Q3 21 | -$0.47 | -$0.39 | +17.0% | — | $0 | — |
| Q2 21 | -$0.46 | -$0.94 | -104.3% | — | $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 | — | -$2.97 | — | — | $0 | — |
| FY24 | — | -$2.48 | — | — | $0 | — |
| FY23 | — | -$2.63 | — | — | $0 | — |
| FY22 | — | -$2.27 | — | — | $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 | 3.6M | 5.7M | 19.5M | 35.8M | 57.4M | 65.6M | 98.6M | 124.5M |
| Selling, general & administrative | 668.1K | 2.3M | 5.5M | 18.3M | 29.3M | 31.3M | 47.1M | 45.3M |
| Operating expenses | 4.3M | 8M | 25M | 54.1M | 86.7M | 96.9M | 145.7M | 169.8M |
| Operating income | -4.3M | -8M | -25M | -54.1M | -86.7M | -96.9M | -145.7M | -169.8M |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | -380 | -10.7K | -963.7K | 11.8M | 11.1M | -3.1M | 7.9M | -10.3M |
| Pretax income | -4.3M | -8M | -26.1M | -42.7M | -75.7M | -99.8M | -132.4M | -173.7M |
| Income tax | 0 | 0 | -83.3K | 70.1K | 679.1K | 1M | 1.8M | 2M |
| Net income | -4.3M | -8M | -26M | -42.7M | -76.3M | -100.9M | -134.2M | -175.7M |
| Net margin | — | — | — | — | — | — | — | — |
| EBITDA | -4.3M | -8M | -25M | -65.8M | -97.7M | -93.5M | -153.3M | -159.2M |
| EPS | -0.14 | -0.25 | -0.85 | -1.4 | -2.27 | -2.63 | -2.48 | -2.97 |
| Diluted EPS | -0.14 | -0.25 | -0.85 | -1.4 | -2.27 | -2.63 | -2.48 | -2.97 |
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 | 18.5M | 18.6M | 18.5M | 23.1M | 29.8M | 31.2M | 30.9M | 29.6M | 29.8M | 34.1M | 30.2M | 35M |
| Selling, general & administrative | 7.7M | 8.6M | 9.8M | 11.3M | 14M | 13.9M | 11.3M | 10.8M | 9.8M | 13.5M | 14.1M | 15.8M |
| Operating expenses | 26.2M | 27.2M | 28.3M | 34.4M | 43.9M | 45.1M | 42.2M | 40.4M | 39.7M | 47.6M | 44.3M | 50.8M |
| Operating income | -26.2M | -27.2M | -28.3M | -34.4M | -43.9M | -45.1M | -42.2M | -40.4M | -39.7M | -47.6M | -44.3M | -50.8M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 2.7M | -4.9M | — | — | -6.4M | 10.3M | -5M | -5.9M | 244.6K | 394.4K | — | 1.6M |
| Pretax income | -23.5M | -32M | -27.7M | -29.7M | -48M | -33.5M | -46M | -45.3M | -37.3M | -45.1M | -38.9M | -47.2M |
| Income tax | 146.3K | 747.7K | 285.1K | 70.6K | 266.3K | 1.2M | 302.7K | 202.8K | -181.5K | 1.7M | 273.1K | 602.2K |
| Net income | -23.6M | -32.7M | -28M | -29.7M | -48.3M | -34.8M | -46.3M | -45.5M | -37.1M | -46.7M | -39.2M | -47.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -28.8M | -22.2M | -28.2M | -34.3M | -37.4M | -55.3M | -37.1M | -34.4M | -39.8M | -47.9M | -44.2M | -52.2M |
| EPS | -0.58 | — | -0.52 | -0.55 | -0.77 | — | -0.85 | -0.83 | -0.6 | — | -0.6 | -0.7 |
| Diluted EPS | -0.58 | — | -0.52 | -0.55 | -0.77 | — | -0.85 | -0.83 | -0.6 | — | -0.6 | -0.7 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 426.9M | — | 981.4M | — | 1.6B | 2.2B |
| Enterprise value | — | — | — | — | 217.7M | — | 590.4M | — | 1.4B | 2.2B |
| Shares outstanding | — | 31.1M | 31.1M | 29.8M | 29.7M | 32.8M | 35M | 54M | 59.2M | 59.2M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | -10.7 |
| P/B | — | — | — | — | 2.08 | — | 2.56 | — | 6.05 | 6.43 |
| EV/EBITDA | — | — | — | — | -3.31 | — | -6.31 | — | -8.49 | -10.6 |
| Earnings yield | — | — | — | — | — | — | — | — | — | -9.31% |
| FCF yield | — | — | — | — | -10.5% | — | -9.49% | — | -8.36% | -4.6% |
| PEG | — | — | — | — | — | — | — | — | — | 0.69 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | 0% |
| ROE | — | -87.1% | -43% | -27.1% | -20.8% | -51.1% | -26.3% | -50.1% | -64.8% | -70.5% |
| ROA | — | -79.4% | -39% | -25.7% | -20.1% | -45.5% | -25.3% | -46.1% | -58.3% | -42.3% |
| ROIC | — | 997.8% | 484.6% | 879.6% | 1.3K% | 714.2% | 1.4K% | 1.2K% | 865.2% | 1.1K% |
| Return on tangible assets | — | -79.4% | -39% | -25.7% | -20.1% | -45.5% | -25.3% | -46.1% | -58.3% | -52% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 11.3 | 10.7 | 19 | 30.3 | 9.16 | 27.2 | 12.6 | 10.1 | 11.9 |
| Quick ratio | — | 11.3 | 10.7 | 19 | 30.3 | 9.16 | 27.2 | 12.6 | 10.1 | 11.9 |
| Debt / equity | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt / assets | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net debt / EBITDA | — | — | — | 3.94 | 3.18 | 1.65 | 4.18 | 1.83 | 1.83 | 1.73 |
| Interest coverage | — | — | -1.8K | -280.9 | -202.4 | -5.4K | — | — | — | — |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | — | -0.14 | -0.25 | -0.85 | -1.4 | -2.27 | -2.63 | -2.48 | -2.97 | -2.97 |
| EPS (diluted) | — | -0.14 | -0.25 | -0.85 | -1.4 | -2.27 | -2.63 | -2.48 | -2.97 | -2.98 |
| Book value per share | — | 0.16 | 0.6 | 3.22 | 6.91 | 4.56 | 11 | 4.96 | 4.59 | 4.98 |
| FCF per share | — | -0.13 | -0.22 | -0.72 | -1.51 | -2.05 | -2.66 | -2.23 | -2.32 | -2.28 |
| Cash per share | — | 0.17 | 0.65 | 3.31 | 7.06 | 4.94 | 11.2 | 5.2 | 4.93 | 4.53 |
| Capex per share | — | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | 0% | -0.17% | -0.17% | -0.38% | -0.19% | -0.1% | -0.44% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| -$1.4 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.85 | — | — | $0 | — |
| FY19 | — | -$0.25 | — | — | $0 | — |
| FY18 | — | -$0.14 | — | — | $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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 4.8M | 5.4M | 20.3M | 98.6M | 209.4M | 161.8M | 391.2M | 280.7M | 291.7M |
| Receivables | — | — | — | 0 | 8.5K | 0 | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 4.8M | 5.4M | 20.6M | 101M | 211.6M | 166.8M | 397.9M | 289.4M | 299.2M |
| Property, plant & equipment | — | — | 12.9K | 105K | 351.3K | 626.4K | 455.6K | 1.5M | 1.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 4.8M | 5.4M | 20.6M | 101.1M | 212.1M | 167.7M | 398.7M | 291.4M | 301.5M |
| Accounts payable | 60.5K | 246.4K | 517.8K | 656.4K | 2.1M | 6M | 2.9M | 4.6M | 5.1M |
| Short-term debt | — | — | — | — | 99.4K | 187.4K | 195.3K | 222.4K | 200.2K |
| Total current liabilities | 138.8K | 481.3K | 1.9M | 5.3M | 7M | 18.2M | 14.6M | 23M | 29.6M |
| Long-term debt | — | — | — | 0 | 150.8K | 249.4K | 43.6K | 639K | 576.6K |
| Total liabilities | 138.8K | 481.3K | 1.9M | 5.3M | 7.1M | 18.5M | 14.6M | 23.6M | 30.2M |
| Shareholders' equity | 4.7M | 5M | 18.7M | 95.8M | 205M | 149.3M | 384M | 267.8M | 271.3M |
| Total debt | — | — | — | 0 | 250.2K | 436.8K | 238.9K | 861.5K | 776.8K |
| Net debt | — | — | — | -98.6M | -209.1M | -161.4M | -391M | -279.9M | -290.9M |
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 | 158.4M | 391.2M | 368.3M | 343.6M | 353.2M | 280.7M | 236.5M | 199.6M | 329.3M | 291.7M | 247M | 318.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 168.5M | 397.9M | 376.8M | 351.1M | 361.4M | 289.4M | 246.2M | 208.2M | 337.2M | 299.2M | 257.7M | 326.9M |
| Property, plant & equipment | 212K | 455.6K | 421K | 392.5K | 758K | 1.5M | 1.5M | 1.3M | 690.2K | 1.4M | 643.2K | 545.8K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 169.3M | 398.7M | 377.6M | 351.8M | 362.4M | 291.4M | 248.1M | 209.8M | 338.9M | 301.5M | 259.8M | 328.7M |
| Accounts payable | 3.6M | 2.9M | 5.6M | 3M | 4.9M | 4.6M | 4.2M | 4.9M | 2.5M | 5.1M | 2.7M | 2.8M |
| Short-term debt | 195.3K | 195.3K | 120.5K | 96.6K | 115.1K | 222.4K | 194.6K | 161.5K | 137.6K | 200.2K | 206.3K | 192.4K |
| Total current liabilities | 16.1M | 14.6M | 18.4M | 19M | 18.9M | 23M | 22.2M | 25M | 26.2M | 29.6M | 22.9M | 27.4M |
| Long-term debt | 96K | 43.6K | 70K | 43.8K | 20.3K | 639K | 546.4K | 472.6K | 441K | 576.6K | 532.6K | 481.3K |
| Total liabilities | 16.2M | 14.6M | 18.4M | 19.1M | 19M | 23.6M | 22.7M | 25.5M | 26.7M | 30.2M | 23.5M | 27.9M |
| Shareholders' equity | 153.1M | 384M | 359.2M | 332.8M | 343.5M | 267.8M | 225.3M | 184.3M | 312.2M | 271.3M | 236.3M | 300.8M |
| Total debt | 291.3K | 238.9K | 190.5K | 140.4K | 135.3K | 861.5K | 741K | 634.1K | 578.7K | 776.8K | 738.9K | 673.7K |
| Net debt | -158.1M | -391M | -368.2M | -343.4M | -353.1M | -279.9M | -235.8M | -198.9M | -328.7M | -290.9M | -246.2M | -317.6M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -4.3M | -8M | -26.1M | -42.7M | -75.7M | -99.8M | -132.4M | -173.7M |
| Depreciation & amortization | 0 | 549 | 7.4K | 77.4K | 152.9K | 257.6K | 269.6K | 418.4K |
| Stock-based compensation | 100.7K | 116.1K | 1.6M | 8.2M | 11.3M | 10.7M | 16.2M | 19.1M |
| Change in working capital | -48K | -209.3K | -851.9K | 109.4K | -2.2M | -994.9K | -170.7K | 1.4M |
| Operating cash flow | -4.3M | -8.1M | -25.2M | -34M | -66.3M | -90.1M | -121.5M | -137.1M |
| Capital expenditure | 0 | -13.5K | -43K | -130K | -124.3K | -90K | -538.1K | — |
| Investing cash flow | 0 | -13.5K | -43K | -130K | -124.3K | -90K | -538.1K | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 4.5M | 21.6M | 101.2M | 143.7M | 8.7M | 325.4M | 2.7M | 160.6M |
| Net change in cash | 247.7K | 13.5M | 75.9M | 109.5M | -57.8M | 235.2M | -119.4M | 23.5M |
| Free cash flow | -3.9M | -6.7M | -21.5M | -44.7M | -67.3M | -93.1M | -120.7M | -137.2M |
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 | -23.5M | -32M | -27.7M | -29.7M | -48M | -33.5M | -46M | -45.3M | -37.3M | -45.1M | -38.9M | -47.2M |
| Depreciation & amortization | 67.9K | 66K | 66.4K | 68.7K | 50.4K | 91K | 105.3K | 103K | 105.2K | 104.9K | 104.7K | 179.3K |
| Stock-based compensation | 2.9M | 2.5M | 2.4M | 3.9M | 5.9M | 4.8M | 4.1M | 5.5M | 4.9M | 4.5M | 4.9M | 6.6M |
| Change in working capital | -344.2K | 4.2M | -2M | 1.6M | 1.7M | -1.2M | -1.4M | 962.5K | 2.1M | -187.6K | -1.5M | 2.6M |
| Operating cash flow | -20.9M | -25.4M | -27.3M | -26.2M | -42.7M | -31.1M | -44.4M | -30M | -30.7M | -38M | -48.8M | -37.8M |
| Capital expenditure | -7.5K | -28.4K | -30.7K | -40.1K | -354.5K | -160.9K | -161K | — | — | — | — | — |
| Investing cash flow | -7.5K | -28.4K | -30.7K | -40.1K | -354.5K | -160.9K | -161K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -122.3K | 261.7M | 795K | 323.4K | 1.1M | 566.2K | -75.4K | -22.9K | 171.3M | 271.5K | -61.5K | 113.1M |
| Net change in cash | -21M | 236.3M | -26.5M | -26M | -41.9M | -30.7M | -44.6M | -30M | 140.7M | -37.7M | -48.8M | 75.3M |
| Free cash flow | -23.6M | -23.8M | -24.3M | -27.7M | -38.8M | -35.1M | -38.6M | -30M | -30.7M | -38M | -48.8M | -37.8M |