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 | $0.34 | $0.92 | +170.6% | — | $360.5M | — |
| Q1 26 | -$0.44 | -$0.03 | +93.2% | — | $272.6M | — |
| Q3 25 | -$1.11 | $0.19 | +117.1% | — | $211M | — |
| Q2 25 | -$1.06 | -$0.83 | +21.7% | — | $178.9M | — |
| Q1 25 | -$0.7 | $10 | +1534.3% | — | $1.2B | — |
| Q4 24 | -$0.65 | -$0.34 | +47.7% | — | $213.2M | — |
| Q3 24 | -$1.66 | -$1.36 | +18.1% | — | $196.8M | — |
| Q2 24 | -$0.95 | -$1.27 | -33.7% | — | $186.7M | — |
| Q1 24 | -$1.1 | -$1.2 | -9.1% | — | $210.1M | — |
| Q4 23 | $0.92 | -$0.29 | -131.5% | — | $307.1M | — |
| Q3 23 | -$1.17 | -$1.76 | -50.4% | — | $196.6M | — |
| Q2 23 | -$1.71 | -$2.66 | -55.6% | — | $213.8M | — |
| Q1 23 | -$1.52 | -$1.88 | -23.7% | — | $220.4M | — |
| Q4 22 | -$1.59 | -$1.89 | -18.9% | — | $167.4M | — |
| Q3 22 | -$1.24 | -$1.53 | -23.4% | — | $217.1M | — |
| Q2 22 | -$1.33 | -$2.13 | -60.2% | — | $165.5M | — |
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 | — | $8.58 | — | — | $1.7B | — |
| FY24 | — | -$4.73 | — | — | $806.8M | — |
| FY23 | — | -$8.37 | — | — | $937.8M | — |
| FY22 | — | -$7.79 | — | — | $698.8M |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.7M | $194.4M | $264.7M | $307M | $380.8M | $538.6M | $698.8M | $937.8M | $806.8M | $1.7B |
| YoY change | +124.9% | +135% | +36.2% | +16% | +24% | +41.4% | +29.7% | +34.2% | -14% | +114.5% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 82.7M | 194.4M | 264.7M | 307M | 380.8M | 538.6M | 698.8M | 937.8M | 806.8M | 1.7B |
| Cost of revenue | 0 | 4.6M | 12.7M | 12.1M | 18.9M | 32.3M | 44.7M | 65.5M | 57.4M | 47M |
| Gross profit | 82.7M | 189.8M | 252.1M | 294.8M | 361.8M | 506.3M | 654.1M | 872.3M | 749.4M | 1.7B |
| Gross margin | 100% | 97.6% | 95.2% | 96% | 95% | 94% | 93.6% | 93% | 92.9% | 97.3% |
| Research & development | 117.6M | 117.5M | 172M | 257.5M | 477.6M | 540.7M | 651.5M | 666.6M | 534.5M | 455.2M |
| Selling, general & administrative | 97.1M | 121.3M | 153.5M | 202.5M | 245.2M | 285.8M | 326M | 332.5M | 300.9M | 347.1M |
| Operating expenses | 214.8M | 238.7M | 344.9M | 460M | 722.8M | 826.5M | 977.5M | 999.1M | 835.4M | 802.4M |
| Operating income | -132.1M | -64.3M | -96.3M | -192.8M | -397.9M | -374.9M | -439.9M | -349.4M | -146.7M | 856.5M |
| Operating margin | -159.7% | -33.1% | -36.4% | -62.8% | -104.5% | -69.6% | -63% | -37.3% | -18.2% | 49.5% |
| Non-operating income, net | -1.2M | -1.3M | -19.2M | -34.6M | 51.3M | -57.4M | -56.7M | -217.5M | -49.4M | -7.7M |
| Pretax income | -141.5M | -77.7M | -128.1M | -239.9M | -402.9M | -518.3M | -587.5M | -696.1M | -363.1M | 696.6M |
| Income tax | 569K | 1.3M | -29K | 11.7M | 35.2M | 5.6M | -28.5M | -69.5M | 176K | 14M |
| Net income | -142.1M | -79M | -128.1M | -251.6M | -438.2M | -523.9M | -559M | -626.6M | -363.3M | 682.6M |
| Net margin | -171.8% | -40.6% | -48.4% | -82% | -115.1% | -97.3% | -80% | -66.8% | -45% | 39.4% |
| EBITDA | -128.8M | -46.6M | -70.1M | -146.9M | -269.2M | -368.7M | -360.3M | -102.7M | 35.4M | 877.2M |
| EPS | -4.17 | -2.02 | -2.75 | -4.27 | -6.64 | -7.43 | -7.79 | -8.37 | -4.73 | 8.58 |
| Diluted EPS | -4.17 | -2.02 | -2.75 | -4.27 | -6.64 | -7.43 | -7.79 | -8.37 | -4.73 | 7.78 |
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 | 196.6M | 307.1M | 210.1M | 186.7M | 196.8M | 213.2M | 1.2B | 178.9M | 211M | 164.7M | 272.6M | 360.5M |
| Cost of revenue | 9.5M | 29.1M | 14.7M | 15.5M | 10.8M | 16.3M | 12.9M | 11.4M | 15.8M | 7M | 28M | 19.9M |
| Gross profit | 187.1M | 277.9M | 195.4M | 171.2M | 185.9M | 196.9M | 1.2B | 167.5M | 195.2M | 157.7M | 244.5M | 340.6M |
| Gross margin | 95.2% | 90.5% | 93% | 91.7% | 94.5% | 92.4% | 98.9% | 93.6% | 92.5% | 95.8% | 89.7% | 94.5% |
| Research & development | 164.2M | 121.4M | 116.1M | 132.2M | 161.4M | 124.8M | 109M | 113M | 100.2M | 133.1M | 100.9M | 99.2M |
| Selling, general & administrative | 80.9M | 76.3M | 73.3M | 69.5M | 73.5M | 84.7M | 81M | 85.3M | 84M | 96.9M | 86.2M | 80.6M |
| Operating expenses | 245.1M | 197.6M | 189.4M | 201.7M | 234.9M | 209.5M | 189.9M | 198.3M | 184.2M | 230M | 187.1M | 179.8M |
| Operating income | -116.7M | 3.1M | -45.6M | -33.4M | -52M | -15.9M | 969.5M | -34.9M | 3.5M | -81.6M | 45.9M | 149M |
| Operating margin | -59.3% | 1.02% | -21.7% | -17.9% | -26.4% | -7.45% | 82.4% | -19.5% | 1.65% | -49.6% | 16.8% | 41.3% |
| Non-operating income, net | -21.8M | -115.9M | 1.7M | -8.9M | -4.4M | -37.8M | -5.6M | -5.8M | 6M | -2.3M | 682K | -3M |
| Pretax income | -166.6M | -157.1M | -84.7M | -85.7M | -98M | -94.7M | 929.8M | -71.1M | -23.1M | -139.1M | -2.5M | 97.5M |
| Income tax | -33.6M | -1.3M | 6.9M | 13.4M | 8.7M | -28.8M | 63.3M | -6.2M | -39M | -4.1M | 347K | 14M |
| Net income | -133M | -155.8M | -91.6M | -99.2M | -106.7M | -65.9M | 866.6M | -64.8M | 15.9M | -135M | -2.8M | 83.5M |
| Net margin | -67.6% | -50.7% | -43.6% | -53.1% | -54.2% | -30.9% | 73.7% | -36.3% | 7.53% | -82% | -1.03% | 23.2% |
| EBITDA | -74.9M | 102.8M | 11.4M | -28.4M | -47.4M | 99.6M | 970.4M | -33M | 21.1M | -81.3M | 62.9M | 161.9M |
| EPS | -1.76 | — | -1.2 | -1.29 | -1.39 | -0.85 | 11.1 | -0.83 | 0.2 | -1.67 | -0.03 | 1.01 |
| Diluted EPS | -1.76 | — | -1.2 | -1.29 | -1.39 | -0.85 | 10 | -0.83 | 0.2 | -1.67 | -0.03 | 0.92 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | 371.4M | — | — | — | — | 2.8B | 2.7B | 2.1B | 3.5B | 6B | 5.5B |
| Enterprise value | 238M | — | — | — | — | 3.3B | 3.8B | 3.4B | 4.8B | 6.8B | 6B |
| Shares outstanding | 34M | 39.2M | 46.6M | 58.9M | 66M | 70.5M | 71.7M | 74.8M | 76.8M | 79.5M | 79.5M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | 8.85 | 7.5 |
| P/S | 4.49 | — | — | — | — | 5.21 | 3.92 | 2.2 | 4.3 | 3.49 | 5.19 |
| P/B | 3.11 | — | — | — | — | 2K | -7.89 | -2.52 | -3.16 | -29.4 | -33.1 |
| EV/EBITDA | -1.85 | — | — | — | — | -8.96 | -10.5 | -33.3 | 135.8 | 7.76 | 35.2 |
| EV/Sales | 2.88 | — | — | — | — | 6.13 | 5.42 | 3.64 | 5.95 | 3.93 | 5.97 |
| Earnings yield | — | — | — | — | — | — | — | — | — | 11.3% | 13.3% |
| FCF yield | -28.4% | — | — | — | — | -12% | -18.6% | -13.5% | -5.24% | 6.81% | -5.21% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.03 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 100% | 97.6% | 95.2% | 96% | 95% | 94% | 93.6% | 93% | 92.9% | 97.3% | 94.5% |
| Operating margin | -159.7% | -33.1% | -36.4% | -62.8% | -104.5% | -69.6% | -63% | -37.3% | -18.2% | 49.5% | 41.3% |
| Net margin | -171.8% | -40.6% | -48.4% | -82% | -115.1% | -97.3% | -80% | -66.8% | -45% | 39.4% | -3.81% |
| ROE | -118.8% | -50.5% | -36.5% | -42.3% | -90.9% | -36.4K% | 161.1% | 76.6% | 33.1% | -332.5% | -332.5% |
| ROA | -52.8% | -20.2% | -11.4% | -15.5% | -19.8% | -27% | -32.8% | -33.1% | -21.3% | 23.5% | 2.46% |
| ROIC | 952.3% | -58.4% | -34.9% | -81.8% | 197.7% | -75.4% | -62.5% | -65.5% | -62.9% | 150.9% | -6.87% |
| Return on tangible assets | -52.8% | -62.9% | 28.6% | -660.3% | -71.5% | -161.9% | -432.8% | -64.5% | -27.9% | 34.9% | -1.68% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 5.27 | 3.04 | 1.92 | 3.3 | 4.44 | 1.87 | 1.71 | 2.02 | 2.35 | 2.35 | 3.39 |
| Quick ratio | 5.27 | 2.9 | 1.83 | 3.22 | 4.37 | 1.84 | 1.65 | 1.97 | 2.31 | 2.27 | 3.28 |
| Debt / equity | 0.82 | 0.93 | 0.44 | 0.55 | 0.87 | 882.7 | -4.21 | -2.72 | -2.25 | -13.2 | -0.18 |
| Debt / assets | 0.36 | 0.37 | 0.14 | 0.2 | 0.19 | 0.65 | 0.86 | 1.18 | 1.45 | 0.93 | 0.21 |
| Net debt / EBITDA | 1.04 | 0.99 | 1.06 | 2.44 | 2.54 | -1.35 | -2.92 | -13.2 | 37.7 | 0.87 | -9.31 |
| Interest coverage | — | — | -9.2 | -18.2 | -6.15 | -5.03 | -5.47 | -4.39 | -1.17 | 5.58 | 0.64 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2.01% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 2.43 | 4.96 | 5.68 | 5.22 | 5.77 | 7.64 | 9.74 | 12.5 | 10.5 | 21.8 | 12.3 |
| EPS (basic) | -4.17 | -2.02 | -2.75 | -4.27 | -6.64 | -7.43 | -7.79 | -8.37 | -4.73 | 8.58 | 8.58 |
| EPS (diluted) | -4.17 | -2.02 | -2.75 | -4.27 | -6.64 | -7.43 | -7.79 | -8.37 | -4.73 | 7.78 | -0.67 |
| Book value per share | 3.51 | 3.99 | 7.53 | 10.1 | 7.3 | 0.02 | -4.84 | -10.9 | -14.3 | -2.58 | -1.99 |
| FCF per share | -3.09 | -2.31 | -0.93 | -2.45 | -3.79 | -4.78 | -7.1 | -3.73 | -2.37 | 5.17 | -3.61 |
| Cash per share | 6.8 | 4.88 | 4.89 | 11.7 | 16.7 | 11 | 5.73 | 11.7 | 14.8 | 24.5 | 26.7 |
| Capex per share | 0.05 | 0.08 | 0.15 | 0.23 | 0.27 | 0.4 | 0.45 | 0.38 | 0.28 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.15% | 1.6% | 2.68% | 4.48% | 4.69% | 5.24% | 4.58% | 3.03% | 2.67% | — | — |
| Capex / operating cash flow | -1.59% | -9.74% | -10.4% | -13.7% | -11.1% | -8.13% | -7.77% | -6.72% | -6.67% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$7.43 | — | — | $538.6M | — |
| FY20 | — | -$6.64 | — | — | $380.8M | — |
| FY19 | — | -$4.27 | — | — | $307M | — |
| FY18 | — | -$2.75 | — | — | $264.7M | — |
| FY17 | — | -$2.02 | — | — | $194.4M | — |
| FY16 | — | -$4.17 | — | — | $82.7M | — |
| 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 | $196.6M | $307.1M | $210.1M | $186.7M | $196.8M | $213.2M | $1.2B | $178.9M | $211M | $164.7M | $272.6M | $360.5M |
| YoY change | -9.46% | +83.4% | -4.66% | -12.7% | +0.11% | -30.6% | +459.7% | -4.19% | +7.23% | -22.7% | -76.8% | +101.5% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 231.7M | 191.2M | 227.6M | 686.6M | 1.1B | 773.4M | 410.7M | 876.7M | 1.1B | 1.9B |
| Receivables | 24.9M | 40.4M | 67.9M | 55.5M | 69.9M | 110.5M | 155.6M | 160.8M | 158.6M | 181.6M |
| Inventory | — | 10.8M | 16.1M | 19.3M | 18.7M | 15.9M | 21.8M | 30.6M | 23.2M | 79.6M |
| Total current assets | 261.3M | 249.1M | 320.9M | 779.3M | 1.2B | 954.4M | 693.8M | 1.2B | 1.4B | 2.3B |
| Property, plant & equipment | 7.4M | 8.4M | 12.7M | 35.2M | 118.2M | 130M | 175M | 179M | 117.7M | 135.4M |
| Goodwill & intangibles | — | 266M | 1.6B | 1.6B | 1.6B | 1.6B | 1.6B | 923.7M | 402.3M | 942.2M |
| Total assets | 269.3M | 391.7M | 1.1B | 1.6B | 2.2B | 1.9B | 1.7B | 1.9B | 1.7B | 2.9B |
| Accounts payable | 6.3M | 15.3M | 6M | 10.3M | 18.7M | 23M | 27.3M | 6M | 17.3M | 45.5M |
| Short-term debt | — | — | 11.7M | 25.2M | 8.7M | 219.1M | 84.5M | 210.3M | 271.2M | 585.1M |
| Total current liabilities | 49.6M | 82M | 166.8M | 235.9M | 277.3M | 509.3M | 406.2M | 603.1M | 581M | 968.4M |
| Long-term debt | 98.2M | 145M | 141.3M | 302.9M | 411.7M | 1.1B | 1.4B | 2B | 2.2B | 2.1B |
| Total liabilities | 149.8M | 235.2M | 768.5M | 1B | 1.7B | 1.9B | 2.1B | 2.7B | 2.8B | 3.1B |
| Shareholders' equity | 119.6M | 156.4M | 350.7M | 594.3M | 482M | 1.4M | -347.1M | -818.6M | -1.1B | -205.3M |
| Total debt | 98.2M | 145M | 153M | 328M | 420.4M | 1.3B | 1.5B | 2.2B | 2.5B | 2.7B |
| Net debt | 39.9M | 33.2M | -16.5M | 40M | 211.6M | 1.1B | 1.2B | 1.6B | 1.7B | 1.7B |
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 | 294.8M | 876.7M | 884.8M | 1.1B | 1B | 1.1B | 2B | 2B | 1.7B | 1.9B | 1.9B | 2.2B |
| Receivables | 165.7M | 160.8M | 197.7M | 187.2M | 200M | 158.6M | 210.5M | 196.1M | 203.1M | 181.6M | 219.9M | 239M |
| Inventory | 35.8M | 30.6M | 30.1M | 31.8M | 35.7M | 23.2M | 21.7M | 34.1M | 52.7M | 79.6M | 75.6M | 91.4M |
| Total current assets | 540.4M | 1.2B | 1.2B | 1.4B | 1.3B | 1.4B | 2.3B | 2.3B | 2B | 2.3B | 2.3B | 2.6B |
| Property, plant & equipment | 179.1M | 179M | 184M | 123.1M | 122.6M | 117.7M | 116.8M | 113.4M | 137.7M | 135.4M | 129.4M | 126.3M |
| Goodwill & intangibles | 1B | 923.7M | 824.8M | 824.4M | 825.4M | 402.3M | 401.6M | 452.3M | 957.6M | 942.2M | 926M | 970.5M |
| Total assets | 1.3B | 1.9B | 1.8B | 1.9B | 1.8B | 1.7B | 2.7B | 2.6B | 2.6B | 2.9B | 2.9B | 3.3B |
| Accounts payable | 19.2M | 6M | 27.5M | 24.3M | 13.3M | 17.3M | 15.2M | 26.5M | 36.6M | 45.5M | 25.5M | 40.4M |
| Short-term debt | 14.3M | 210.3M | 16.5M | 16M | 16.8M | 271.2M | 16.5M | 17.1M | 300.8M | 585.1M | 305M | 73.4M |
| Total current liabilities | 492.1M | 603.1M | 574.5M | 609.8M | 610.7M | 581M | 595.4M | 627.8M | 866.2M | 968.4M | 923.6M | 771.1M |
| Long-term debt | 690M | 2B | 404.9M | 379.5M | 383.4M | 2.2B | 373.1M | 371.1M | 109.3M | 2.1B | 90.1M | 623.1M |
| Total liabilities | 1.9B | 2.7B | 2.7B | 2.9B | 2.9B | 2.8B | 2.8B | 2.8B | 2.8B | 3.1B | 3B | 3.4B |
| Shareholders' equity | -670.8M | -818.6M | -893.9M | -980.2M | -1.1B | -1.1B | -185.8M | -206.5M | -155.8M | -205.3M | -180.5M | -165.4M |
| Total debt | 704.4M | 2.2B | 421.4M | 395.5M | 400.2M | 2.5B | 389.6M | 388.2M | 410.1M | 2.7B | 395.1M | 696.5M |
| Net debt | 539.2M | 1.6B | -126.9M | -259.3M | -125.8M | 1.7B | -1.1B | -629.2M | -262.5M | 1.7B | -438.9M | -353.4M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -142.1M | -79M | -128.1M | -251.6M | -438.2M | -523.9M | -559M | -626.6M | -363.3M | 682.6M |
| Depreciation & amortization | 3.3M | 17.7M | 26.1M | 32.2M | 43.5M | 64.1M | 128.8M | 236.6M | 75.7M | 38.8M |
| Stock-based compensation | 35M | 30.6M | 33.3M | 42.1M | 70.3M | 103.5M | 110.3M | 131.2M | 74.6M | 74.5M |
| Change in working capital | -14.1M | -8.5M | -27M | 2.9M | -20.6M | -53.9M | -58.3M | -12.6M | 24.6M | -85.4M |
| Operating cash flow | -111.8M | -31.8M | -68.3M | -100.7M | -161.5M | -346.8M | -412.3M | -423M | -323.3M | 711.2M |
| Capital expenditure | -1.8M | -3.1M | -7.1M | -13.8M | -17.8M | -28.2M | -32M | -28.4M | 21.6M | — |
| Investing cash flow | 104.5M | 90.3M | -34.2M | -359.6M | -523.4M | 276.3M | 410.6M | -84.6M | 111.9M | -562M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 39.6M | 117.9M | 591.4M | 593.2M | -2.2M | 146.9M | 616.4M | 222.1M | 232M |
| Net change in cash | -7.3M | 98M | 15.4M | 131.1M | -91.7M | -72.7M | 145.2M | 108.9M | 10.8M | 381.2M |
| Free cash flow | -105.3M | -90.3M | -43.2M | -144.1M | -250M | -336.7M | -509.1M | -279M | -181.9M | 411.2M |
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 | -133M | -155.8M | -91.6M | -99.2M | -106.7M | -65.9M | 866.6M | -64.8M | 15.9M | -135M | -2.8M | 83.5M |
| Depreciation & amortization | 62.1M | 80.7M | 55.4M | 7M | 6.5M | 6.8M | 7.2M | 7.6M | 11.1M | 12.9M | 15.4M | 15.9M |
| Stock-based compensation | 26.9M | 16.5M | 18.4M | 19.2M | 19.8M | 17.2M | 18.1M | 18.5M | 19.4M | 18.5M | 23.4M | 23.3M |
| Change in working capital | 6.3M | 13.3M | -34.2M | -2.6M | -12.7M | 74.1M | -38.9M | -9.1M | -42.3M | 4.8M | -41.6M | -36.7M |
| Operating cash flow | -36.4M | -36.1M | -25.2M | -65.5M | -94.9M | -137.7M | 866.3M | -58.3M | -66.3M | -34.3M | -59M | 129.1M |
| Capital expenditure | -6.4M | -5.6M | -9.6M | 35.4M | -504K | -3.8M | -1.7M | — | — | — | — | — |
| Investing cash flow | -6.7M | -71.5M | -60.2M | -65.9M | -32.4M | 120.4M | -183.6M | -418M | -33.4M | 71.3M | -92.4M | -115.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -85K | 618.1M | -1.5M | 0 | -18.2M | 0 | -6.3M | 0 | -1.6M | 240M | — | — |
| Net change in cash | -43.2M | 510.4M | -86.8M | -131.4M | -145.5M | -17.3M | 676.4M | -476.3M | -101.3M | 277M | -151.4M | 13.7M |
| Free cash flow | -43.7M | -128.8M | 6.4M | -64.1M | -87.8M | -36.5M | 867.6M | -62.3M | -322.6M | -71.6M | -60.4M | 122M |