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 | $0.27 | -$0.38 | -240.7% | — | $0 | — |
| Q1 26 | -$0.43 | -$0.42 | +2.3% | — | $0 | — |
| Q4 25 | -$0.42 | -$0.38 | +9.5% | — | $0 | — |
| Q3 25 | -$0.52 | -$0.45 | +13.5% | — | $0 | — |
| Q2 25 | -$0.53 | -$0.59 | -11.3% | — | $0 | — |
| Q1 25 | -$0.58 | -$0.56 | +3.4% | — | $0 | — |
| Q4 24 | -$0.72 | -$0.62 | +13.9% | — | $0 | — |
| Q3 24 | -$0.75 | -$0.71 | +5.3% | — | $0 | — |
| Q2 24 | -$0.72 | -$0.74 | -2.8% | — | $0 | — |
| Q1 24 | -$0.67 | -$0.66 | +1.5% | — | $0 | — |
| Q4 23 | -$0.77 | -$0.64 | +16.9% | — | $0 | — |
| Q3 23 | -$0.81 | -$0.75 | +7.4% | — | $0 | — |
| Q2 23 | -$0.79 | -$0.82 | -3.8% | — | $0 | — |
| Q1 23 | -$0.85 | -$0.73 | +14.1% | — | $0 | — |
| Q4 22 | -$0.8 | -$0.92 | -15.0% | — | $0 | — |
| Q3 22 | -$0.79 | -$0.87 | -10.1% | — | $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 | — | -$2.01 | — | — | $0 | — |
| FY24 | — | -$2.73 | — | — | $0 | — |
| FY23 | — | -$2.92 | — | — | $0 | — |
| FY22 | — | -$3.26 | — | — | $0 | — |
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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 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.
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 32M | 14.2M | 53.3M | 57.9M | 105.4M | 125.5M | 165.6M | 186.3M | 171.2M | 142M |
| Selling, general & administrative | 9.9M | 12.5M | 17.9M | 18.2M | 28.9M | 41.8M | 58.8M | 73.3M | 102M | 86.5M |
| Operating expenses | 41.9M | 26.7M | 71M | 75.9M | 134.3M | 166.2M | 223.8M | 259.7M | 273.2M | 228.5M |
| Operating income | -41.9M | -26.7M | -71M | -75.9M | -134.3M | -166.2M | -223.8M | -259.7M | -273.2M | -228.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 0 | — | 801K | 1.2M | -580K | — | — | — | — | -3.2M |
| Pretax income | -42.9M | -29.5M | -74.5M | -77.3M | -139.7M | -169.1M | -221.9M | -245.6M | -258.7M | -223.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -42.9M | -29.5M | -74.5M | -77.3M | -139.7M | -169.1M | -221.9M | -245.6M | -258.7M | -223.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -41.3M | -25.7M | -69M | -70.9M | -125.9M | -157.8M | -213.7M | -236.6M | -247.5M | -207M |
| EPS | -6.41 | -4.36 | -1.89 | -1.58 | -2.52 | -2.67 | -3.26 | -2.92 | -2.73 | -2.01 |
| Diluted EPS | -6.41 | -4.36 | -1.89 | -1.58 | -2.52 | -2.67 | -3.26 | -2.92 | -2.73 | -2.01 |
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 | 46.8M | 41.7M | 45.2M | 46.3M | 42.3M | 37.4M | 35.9M | 42.7M | 34.1M | 29.3M | 31.5M | 29.5M |
| Selling, general & administrative | 18.6M | 21.5M | 22.1M | 27.4M | 27.1M | 25.3M | 28.4M | 25M | 18.4M | 14.7M | 17.1M | 17.4M |
| Operating expenses | 65.4M | 63.3M | 67.4M | 73.7M | 69.4M | 62.7M | 64.4M | 67.7M | 52.4M | 44M | 48.5M | 46.9M |
| Operating income | -65.4M | -63.3M | -67.4M | -73.7M | -69.4M | -62.7M | -64.4M | -67.7M | -52.4M | -44M | -48.5M | -46.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | -3.5M | 172K | 68K | — | 178.2M |
| Pretax income | -61.9M | -59.7M | -62.1M | -69.6M | -66.7M | -60.3M | -61.3M | -68.9M | -50.3M | -42.5M | -47.6M | 131.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | 8.6M |
| Net income | -61.9M | -59.7M | -62.1M | -69.6M | -66.7M | -60.3M | -61.3M | -68.9M | -50.3M | -42.5M | -47.6M | 123.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -59.7M | -57.3M | -59.3M | -66.8M | -63.9M | -57.5M | -57.9M | -62.4M | -46.8M | -39.9M | -45M | -43.8M |
| EPS | -0.75 | -0.64 | -0.66 | -0.74 | -0.71 | -0.62 | -0.56 | -0.62 | -0.45 | -0.38 | -0.42 | 1.09 |
| Diluted EPS | -0.75 | -0.64 | -0.66 | -0.74 | -0.71 | -0.62 | -0.56 | -0.62 | -0.45 | -0.38 | -0.42 | 1.08 |
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 | — | 70.6M | — | — | — | — | 1.3B | — | — | — | 286.5M |
| Enterprise value | — | 20.2M | — | — | — | — | 1B | — | — | — | 25.9M |
| Shares outstanding | 6.7M | 6.8M | 39.4M | 49M | 55.4M | 63.2M | 68.1M | 84M | 94.8M | 111.1M | 111.1M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -1.3 |
| P/B | — | 1.48 | — | — | — | — | 2.72 | — | — | — | 0.75 |
| EV/EBITDA | — | -0.78 | — | — | — | — | -4.68 | — | — | — | -0.14 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -76.9% |
| FCF yield | — | -37.1% | — | — | — | — | -14% | — | — | — | 30.1% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -58.6% | -61.8% | -38.4% | -25.1% | -27.7% | -37.2% | -45.3% | -49.9% | -55.9% | -80.5% | -4.77% |
| ROA | -33.1% | -29% | -29.7% | -20.8% | -23.6% | -34% | -40.2% | -43.4% | -49% | -67.5% | -28.4% |
| Return on tangible assets | -33.1% | -29% | -39.3% | -24.9% | -26.4% | -38.8% | -52.6% | -56.1% | -64.8% | -110.5% | -5.86% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 18.2 | 24.8 | 13.6 | 16.8 | 14.9 | 17.7 | 9.29 | 7.8 | 9.3 | 6.38 | 9.24 |
| Quick ratio | 18.2 | 24.8 | 13.6 | 16.8 | 14.9 | 17.7 | 9.29 | 7.8 | 9.3 | 6.38 | 9.24 |
| Debt / equity | 0.67 | 1.04 | 0.21 | 0.15 | 0.12 | 0.05 | 0.05 | 0.05 | 0.06 | 0.09 | 0.07 |
| Debt / assets | 0.38 | 0.49 | 0.16 | 0.13 | 0.1 | 0.05 | 0.04 | 0.04 | 0.05 | 0.08 | 0.06 |
| Net debt / EBITDA | 1.88 | 1.96 | 2.38 | 3.62 | 3.34 | 2.32 | 1.56 | 1.47 | 1.4 | 0.79 | 1.48 |
| Interest coverage | -29.2 | -7.24 | -13.2 | -12 | -17.5 | -27.7 | -115.2 | -130 | -136.2 | -117 | -3.56 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -6.41 | -4.36 | -1.89 | -1.58 | -2.52 | -2.67 | -3.26 | -2.92 | -2.73 | -2.01 | -2.01 |
| EPS (diluted) | -6.41 | -4.36 | -1.89 | -1.58 | -2.52 | -2.67 | -3.26 | -2.92 | -2.73 | -2.01 | -0.17 |
| Book value per share | 10.9 | 7.06 | 4.93 | 6.27 | 9.09 | 7.19 | 7.19 | 5.86 | 4.89 | 2.49 | 3.37 |
| FCF per share | -5.65 | -3.87 | -1.4 | -1.79 | -1.87 | -2.04 | -2.74 | -2.52 | -2.27 | -1.71 | -1.49 |
| Cash per share | 18.9 | 14.8 | 5.22 | 6.21 | 8.72 | 6.15 | 5.23 | 4.44 | 3.93 | 1.7 | 2.58 |
| Capex per share | 0.07 | 0.01 | 0.04 | 0.47 | 0.52 | 0.12 | 0.13 | 0.2 | 0.06 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -1.23% | -0.27% | -2.48% | -38.8% | -34.2% | -6.39% | -4.67% | -8.3% | -2.81% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$2.67 | — | — | $0 | — |
| FY20 | — | -$2.52 | — | — | $0 | — |
| FY19 | — | -$1.58 | — | — | $0 | — |
| FY18 | — | -$1.89 | — | — | $0 | — |
| FY17 | — | -$4.36 | — | — | $0 | — |
| FY16 | — | -$6.41 | — | — | $0 | — |
| 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 |
| 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 126.5M | 100M | 205.7M | 304.1M | 482.7M | 388.7M | 356.4M | 373.2M | 372.3M | 188.9M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 128.3M | 101M | 209.1M | 307.8M | 487.3M | 392.1M | 364.1M | 378.2M | 378.2M | 192.7M |
| Property, plant & equipment | 1.1M | 563K | 2M | 31.6M | 70.6M | 72.3M | 77.6M | 87.6M | 83.3M | 71.6M |
| Goodwill & intangibles | — | — | 61.6M | 61.9M | 61.6M | 61.6M | 129.8M | 128.6M | 128.6M | 128.6M |
| Total assets | 129.6M | 101.8M | 251.3M | 372.1M | 590.8M | 497M | 551.8M | 566.3M | 527.7M | 330.4M |
| Accounts payable | 1.6M | 451K | — | — | — | — | — | — | — | — |
| Short-term debt | — | — | — | 957K | 7.1M | 2.6M | 2.5M | 2.7M | 2.9M | 2.9M |
| Total current liabilities | 7M | 4.1M | 15.4M | 18.3M | 32.6M | 22.2M | 39.2M | 48.5M | 40.7M | 30.2M |
| Long-term debt | 49M | 49.5M | 41.4M | 46.5M | 54.6M | 20M | 20.4M | 22.3M | 22.6M | 22M |
| Total liabilities | 56.5M | 54M | 57.3M | 64.8M | 87.3M | 42.3M | 62.1M | 73.8M | 64.5M | 53.2M |
| Shareholders' equity | 73.2M | 47.8M | 194M | 307.3M | 503.5M | 454.7M | 489.7M | 492.6M | 463.2M | 277.2M |
| Total debt | 49M | 49.5M | 41.4M | 47.4M | 61.7M | 22.6M | 22.9M | 25M | 25.5M | 24.9M |
| Net debt | 19.2M | -29.2M | -69.9M | -137.9M | -235.4M | -210.1M | -117.7M | -30.9M | -138.1M | -52.7M |
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 | 437.2M | 373.2M | 330.3M | 278.8M | 235.7M | 372.3M | 318.2M | 271.5M | 222.8M | 188.9M | 144.4M | 283.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 446.9M | 378.2M | 345.2M | 292.7M | 241.8M | 378.2M | 324.5M | 277.2M | 227.7M | 192.7M | 149.8M | 289.6M |
| Property, plant & equipment | 81.6M | 87.6M | 88.1M | 87.5M | 85.8M | 83.3M | 80.4M | 77.6M | 74.2M | 71.6M | 69.5M | 67.4M |
| Goodwill & intangibles | 128.6M | 128.6M | 128.6M | 128.6M | 128.6M | 128.6M | 128.6M | 128.6M | 128.6M | 128.6M | 128.6M | 128.6M |
| Total assets | 598.8M | 566.3M | 499.4M | 446.4M | 393.7M | 527.7M | 471.1M | 421M | 368M | 330.4M | 285.4M | 423.1M |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 2.9M | 2.7M | 2.9M | 2.9M | 2.8M | 2.9M | 2.9M | 2.9M | 2.9M | 2.9M | 2.9M | 3M |
| Total current liabilities | 33.5M | 48.5M | 33M | 37.6M | 40M | 40.7M | 35.3M | 43.4M | 31.2M | 30.2M | 24.5M | 31.3M |
| Long-term debt | 22.3M | 22.3M | 23.1M | 22.9M | 22.8M | 22.6M | 22.5M | 22.3M | 22.1M | 22M | 21.8M | 21.8M |
| Total liabilities | 57.7M | 73.8M | 57.9M | 61.8M | 63.9M | 64.5M | 58.9M | 66.8M | 54.4M | 53.2M | 47.4M | 54.3M |
| Shareholders' equity | 541.1M | 492.6M | 441.5M | 384.6M | 329.8M | 463.2M | 412.1M | 354.2M | 313.7M | 277.2M | 238M | 368.8M |
| Total debt | 25.2M | 25M | 25.9M | 25.8M | 25.6M | 25.5M | 25.4M | 25.2M | 25M | 24.9M | 24.8M | 24.8M |
| Net debt | -200.5M | -30.9M | -9.3M | -12.8M | -40M | -138.1M | -24.5M | -7.6M | -50.9M | -52.7M | -24.8M | -199.7M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -42.9M | -29.5M | -74.5M | -77.3M | -139.7M | -169.1M | -221.9M | -245.6M | -258.7M | -223.1M |
| Depreciation & amortization | 169K | 200K | 330K | 426K | 6.3M | 5.4M | 6.3M | 7.1M | 9.4M | 11M |
| Stock-based compensation | 2.9M | 4M | 13.6M | 13.4M | 18.6M | 29.2M | 31M | 39.4M | 43.9M | 37.1M |
| Change in working capital | -41K | -1.1M | -161K | -87K | 539K | 134K | -5K | 617K | -3.5M | -1K |
| Operating cash flow | -39.7M | -25.9M | -57.7M | -60M | -85M | -120.8M | -184.6M | -198.5M | -208.9M | -190M |
| Capital expenditure | -487K | -70K | -1.4M | -23.3M | -29.1M | -7.7M | -8.6M | -16.5M | -5.9M | — |
| Investing cash flow | -66.1M | 75M | -5.3M | -39M | -96.6M | 18.9M | -69.3M | -98.1M | 131.7M | 104.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | -668K | 0 | -72K | 0 | -47K | 0 | 0 | -67K |
| Financing cash flow | 52.7M | -16K | 153.4M | 177.8M | 280.4M | 37.7M | 155.3M | 208.4M | 185.7M | 148K |
| Net change in cash | -53M | 49.1M | 90.4M | 78.8M | 98.8M | -64.3M | -98.6M | -88.1M | 108.5M | -85.7M |
| Free cash flow | -37.8M | -26.2M | -55.2M | -87.9M | -103.7M | -128.9M | -186.8M | -211.4M | -215.6M | -190.5M |
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 | -61.9M | -59.7M | -62.1M | -69.6M | -66.7M | -60.3M | -61.3M | -68.9M | -50.3M | -42.5M | -47.6M | 123.2M |
| Depreciation & amortization | 1.8M | 1.9M | 2.3M | 2.4M | 2.4M | 2.4M | 3M | 2.6M | 3.2M | 2.2M | 2.1M | 2.1M |
| Stock-based compensation | 10.3M | 9.9M | 10.3M | 11.3M | 11.2M | 11.1M | 10.3M | 10.9M | 9.8M | 6.1M | 8.5M | 7.4M |
| Change in working capital | -150K | 1.1M | -990K | 516K | -1.8M | -1.8M | 24K | -57K | 20K | 12K | -27K | 40K |
| Operating cash flow | -50M | -46.7M | -50.5M | -55.4M | -54.9M | -48.7M | -48M | -49M | -50.4M | -34.8M | -45.4M | -39.6M |
| Capital expenditure | -4.7M | -4.6M | -2M | -1.9M | -1.6M | -309K | -364K | — | — | — | — | — |
| Investing cash flow | 48.3M | -140.8M | 35M | 55.6M | 78.9M | -37.9M | -58M | 31.8M | 93.6M | 36.5M | 17.5M | 36.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | 0 | — | — |
| Financing cash flow | 189.5M | 391K | 1.2M | 1.5M | 176K | 182.8M | 0 | 215K | -215K | 0 | -1K | -2K |
| Net change in cash | 187.8M | -187.1M | -14.3M | 1.7M | 24.2M | 96.3M | -106M | -16.9M | 42.9M | 1.7M | -27.9M | -3.4M |
| Free cash flow | -61.8M | -34M | -58.9M | -55.8M | -53.7M | -47.3M | -56.2M | -49M | -50.4M | -34.9M | -45.5M | -39.6M |