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 | $0.05 | -$0.3 | -700.0% | — | $700.6M | — |
| Q1 26 | -$0.25 | -$0.15 | +40.0% | — | $465.6M | — |
| Q4 25 | -$0.33 | -$0.2 | +39.4% | — | $505.1M | — |
| Q2 25 | $0.03 | $0.1 | +233.3% | — | $540.7M | — |
| Q1 25 | -$0.45 | -$0.2 | +55.6% | — | $354M | — |
| Q4 24 | -$0.45 | -$0.3 | +33.3% | — | $350.6M | — |
| Q3 24 | -$0.3 | -$0.1 | +66.7% | — | $372.5M | — |
| Q2 24 | -$0.2 | -$0.1 | +50.0% | — | $340.8M | — |
| Q1 24 | -$0.43 | -$0.9 | -109.3% | — | $200.7M | — |
| Q4 23 | -$0.35 | -$0.7 | -100.0% | — | $181.3M | — |
| Q3 23 | -$0.3 | -$0.2 | +33.3% | — | $214.6M | — |
| Q2 23 | -$0.25 | -$0.2 | +20.0% | — | $185.3M | — |
| Q1 23 | -$0.3 | -$0.4 | -33.3% | — | $107.8M | — |
| Q4 22 | -$0.3 | -$0.38 | -26.7% | — | $96.1M | — |
| Q3 22 | -$0.3 | -$0.3 | 0.0% | — | $111.6M | — |
| Q2 22 | -$0.3 | -$0.2 | +33.3% | — | $112.4M | — |
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 | — | -$0.4 | — | — | $2B | — |
| FY24 | — | -$0.14 | — | — | $1.3B | — |
| FY23 | — | -$0.15 | — | — | $689.2M | — |
| FY22 | — | -$0.12 | — | — | $381.8M | — |
| FY21 | — | -$0.07 | — | — | $121.7M | — |
| FY20 | — | -$0.04 | — | — | $16.6M | — |
| FY19 | — | -$0.02 | — | — | $15.8M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $15.8M | $16.6M | $121.7M | $381.8M | $689.2M | $1.3B | $2B |
| YoY change | — | +5.13% | +634.8% | +213.7% | +80.5% | +83.5% | +55.7% |
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 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $214.6M | $181.3M | $200.7M | $340.8M | $372.5M | $350.6M | $354M | $540.7M | $568.5M | $505.1M | $465.6M | $700.6M |
| YoY change | +92.3% | +88.7% | +86.1% | +83.9% | +73.5% | +93.4% | +76.3% | +58.7% | +52.6% | +44.1% | +31.5% | +29.6% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 15.8M | 16.6M | 121.7M | 381.8M | 689.2M | 1.3B | 2B |
| Cost of revenue | 13.8M | 14.4M | 110.6M | 349.8M | 626.3M | 1.1B | 1.8B |
| Gross profit | 2M | 2.2M | 11.1M | 31.9M | 62.9M | 114.7M | 165.7M |
| Gross margin | 12.5% | 13% | 9.12% | 8.37% | 9.12% | 9.07% | 8.42% |
| Research & development | 234K | 405K | 4M | 4.9M | 7.4M | 12.2M | 17.4M |
| Selling, general & administrative | 3.4M | 4.5M | 18.4M | 46.8M | 81.5M | 117.2M | 154.8M |
| Operating expenses | 3.6M | 5.5M | 22.1M | 51.8M | 88.9M | 129.3M | 172.3M |
| Operating income | -1.7M | -3.5M | -11.3M | -19.7M | -26M | -16M | -8.5M |
| Operating margin | -10.6% | -21% | -9.26% | -5.17% | -3.77% | -1.26% | -0.43% |
| Non-operating income, net | — | -835K | -325K | 351K | -611K | -9.4M | 245K |
| Pretax income | -2.3M | -3.6M | -11.7M | -20.3M | -27.2M | -26.5M | -8.8M |
| Income tax | — | — | — | — | — | — | -740K |
| Net income | -2.3M | -3.6M | -11.7M | -20.3M | -27.2M | -26.5M | -8.1M |
| Net margin | -14.3% | -21.9% | -9.6% | -5.33% | -3.95% | -2.09% | -0.41% |
| EBITDA | -1.5M | -3.4M | -10.5M | -19.2M | -26M | -14.8M | -5.6M |
| EPS | -0.02 | -0.04 | -0.07 | -0.12 | -0.15 | -0.14 | -0.4 |
| Diluted EPS | -0.02 | -0.04 | -0.07 | -0.12 | -0.15 | -0.14 | -0.4 |
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 | 214.6M | 181.3M | 200.7M | 340.8M | 372.5M | 350.6M | 354M | 540.7M | 568.5M | 505.1M | 465.6M | 700.6M |
| Cost of revenue | 195.9M | 165.8M | 180M | 308.9M | 340.4M | 320.6M | 320M | 492.9M | 523.7M | 466.1M | 423.4M | 642.3M |
| Gross profit | 18.8M | 15.5M | 20.8M | 31.9M | 32.1M | 30M | 33.9M | 47.9M | 44.9M | 39M | 42.2M | 58.3M |
| Gross margin | 8.75% | 8.56% | 10.3% | 9.35% | 8.63% | 8.55% | 9.59% | 8.85% | 7.89% | 7.73% | 9.05% | 8.32% |
| Research & development | 1.9M | 2.3M | 2.5M | 2.6M | 3M | 4M | 3.9M | 4M | 4.7M | 4.8M | 5.1M | 5.4M |
| Selling, general & administrative | 20.5M | 25.3M | 24.4M | 29.6M | 31.2M | 32M | 34.8M | 41.8M | 40.1M | 38.1M | 39.6M | 47.8M |
| Operating expenses | 22.5M | 27.6M | 26.9M | 32.2M | 34.1M | 36M | 38.8M | 45.8M | 44.8M | 42.9M | 44.7M | 53.2M |
| Operating income | -4M | -11.3M | -6.5M | -644K | -2.3M | -6.4M | -5.2M | 1.7M | -473K | -4.5M | -3.1M | 4.6M |
| Operating margin | -1.85% | -6.21% | -3.22% | -0.19% | -0.62% | -1.82% | -1.47% | 0.31% | -0.08% | -0.89% | -0.67% | 0.65% |
| Non-operating income, net | 102K | -614K | -9.4M | -88K | -133K | 117K | 117K | 166K | 365K | -408K | -200K | -11.4M |
| Pretax income | -3.9M | -12M | -16.1M | -1.1M | -2.5M | -6.7M | -5.1M | 1.5M | -191K | -5M | -3.4M | -7.5M |
| Income tax | — | — | — | — | — | — | — | — | 89K | -829K | 44K | 487K |
| Net income | -3.9M | -12M | -16.1M | -1.1M | -2.5M | -6.7M | -5.1M | 1.5M | -280K | -4.2M | -3.5M | -8M |
| Net margin | -1.83% | -6.61% | -8.02% | -0.33% | -0.68% | -1.91% | -1.45% | 0.29% | -0.05% | -0.83% | -0.74% | -1.14% |
| EBITDA | -3.8M | -11.8M | -6.1M | -448K | -1.8M | -6.1M | -4.8M | 2.2M | 459K | -3.6M | -2.4M | 5.3M |
| EPS | -0.02 | — | -0.09 | -0.01 | -0.01 | -0.03 | -0.02 | 0.01 | 0 | -0.2 | -0.2 | -0.3 |
| Diluted EPS | -0.02 | — | -0.09 | -0.01 | -0.01 | -0.03 | -0.02 | 0.01 | 0 | -0.2 | -0.2 | -0.3 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 53K | 21.2M | 34.6M | 18.7M | 28.9M | 32.8M | 49.9M |
| Receivables | 56K | 117K | 254K | 1.5M | 6.4M | 14.2M | 20.2M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 195K | 21.7M | 38.7M | 28.4M | 50.5M | 72.9M | 105.8M |
| Property, plant & equipment | 646K | 709K | 781K | 814K | 1.1M | 2.1M | 2.5M |
| Goodwill & intangibles | — | 0 | 2.1M | 27.9M | 24.9M | 23.1M | 26.3M |
| Total assets | 408K | 21.9M | 40M | 43.8M | 64.5M | 86.6M | 126.9M |
| Accounts payable | 336K | 815K | 54K | 474K | 571K | 1.4M | 1.2M |
| Short-term debt | 122K | 85K | 91K | 96K | — | — | — |
| Total current liabilities | 498K | 964K | 12.3M | 21.1M | 27.2M | 54.5M | 75.3M |
| Long-term debt | 100K | 130K | 40K | 0 | — | — | — |
| Total liabilities | 12.3M | 1.1M | 13M | 21.3M | 27.5M | 54.5M | 75.3M |
| Shareholders' equity | -11.9M | 20.8M | 27M | 22.4M | 37.1M | 32.1M | 51.6M |
| Total debt | 222K | 215K | 131K | 96K | — | — | — |
| Net debt | 169K | -21M | -25.7M | -10.8M | — | — | — |
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 | 33M | 28.9M | 34.5M | 33.6M | 32M | 32.8M | 35.3M | 54.8M | 55.8M | 49.9M | 62.9M | 86.6M |
| Receivables | 2.5M | 6.4M | 9.5M | 18.6M | 17.3M | 14.2M | 16.8M | 26.8M | 27.9M | 20.2M | 25.2M | 34.8M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 53.3M | 50.5M | 69.8M | 96.2M | 88.5M | 72.9M | 83.9M | 129.6M | 124.7M | 105.8M | 136.7M | 194.1M |
| Property, plant & equipment | 1M | 1.1M | 1.6M | 2M | 2.2M | 2.1M | 2.2M | 2.3M | 2.5M | 2.5M | 2.5M | 2.4M |
| Goodwill & intangibles | 26.6M | 24.9M | 24.4M | 24M | 23.6M | 23.1M | 22.7M | 22.2M | 27M | 26.3M | 25.6M | 24.9M |
| Total assets | 68.2M | 64.5M | 83.6M | 110.2M | 102.5M | 86.6M | 100.5M | 149.4M | 145.2M | 126.9M | 156.9M | 213.4M |
| Accounts payable | 653K | 571K | 1.1M | 1.2M | 1.1M | 1.4M | 927K | 1.3M | 1.1M | 1.2M | 931K | 948K |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 43M | 27.2M | 58M | 79.3M | 72.5M | 54.5M | 67.9M | 100.5M | 91.6M | 75.3M | 91.3M | 134.8M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 43.2M | 27.5M | 58M | 79.3M | 72.5M | 54.5M | 67.9M | 100.5M | 91.6M | 75.3M | 91.3M | 134.8M |
| Shareholders' equity | 24.9M | 37.1M | 25.6M | 30.8M | 30M | 32.1M | 32.5M | 49M | 53.6M | 51.6M | 65.6M | 78.6M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -2.3M | -3.6M | -11.7M | -20.3M | -27.2M | -26.5M | -8.1M |
| Depreciation & amortization | 137K | 91K | 213K | 333K | 1.1M | 1.4M | 1.9M |
| Stock-based compensation | 488K | 1.1M | 4M | 16.2M | 38.4M | 52.9M | 68.1M |
| Change in working capital | 381K | 207K | 61K | 3.2M | 681K | 4.1M | -13.8M |
| Operating cash flow | -1.3M | -1.6M | -6.8M | -388K | 13.1M | 32.3M | 65.9M |
| Capital expenditure | 0 | -16K | -172K | -1.4M | -629K | -1M | — |
| Investing cash flow | -3K | -16K | -10.2M | -9M | -6.6M | 3.8M | -9.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | -12.6M | -8.1M | -2.9M | -36.3M | -39.4M |
| Financing cash flow | 880K | 22.9M | -19.4M | -8.1M | -4.5M | -39.4M | -42.4M |
| Net change in cash | -383K | 21.3M | -36.4M | -17.6M | 2M | -3.3M | 13.8M |
| Free cash flow | -1.3M | -1.6M | 1.5M | 4.6M | 19.2M | 47.7M | 62.1M |
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 | 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 | -3.9M | -12M | -16.1M | -1.1M | -2.5M | -6.7M | -5.1M | 1.6M | -280K | -4.2M | -3.5M | -8M |
| Depreciation & amortization | 277K | 298K | 326K | 340K | 358K | 372K | 379K | 398K | 567K | 585K | 575K | 553K |
| Stock-based compensation | 7.1M | 19.4M | 8.8M | 13.5M | 15.4M | 15.1M | 12.7M | 17.8M | 19.9M | 17.7M | 17M | 21.8M |
| Change in working capital | -14.4M | -7.4M | 8.9M | -9.5M | -4.3M | 9.1M | 262K | 5.1M | -13.1M | -6.1M | 3.3M | 6.8M |
| Operating cash flow | -11M | 309K | 2.4M | 3.3M | 8.7M | 17.6M | 8.1M | 41M | 8.8M | 149K | 23.3M | 47.2M |
| Capital expenditure | -197K | -181K | -96K | -501K | -367K | -81K | -285K | — | — | — | — | — |
| Investing cash flow | -3.2M | -260K | -245K | 3.7M | 545K | 854K | -1.4M | 3.1M | -14.3M | 2.5M | -99K | 4.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -350K | -1.1M | -4.6M | -10.6M | -15.1M | -5.9M | -6.1M | -2.7M | -15.5M | -15.1M | 0 | 0 |
| Financing cash flow | -653K | -1.5M | -5M | -11M | -16M | -7.4M | -7.4M | -3.2M | -15.7M | -16M | 16K | -5.3M |
| Net change in cash | -14.9M | -1.5M | -2.9M | -4M | -6.7M | 11M | -711K | 40.9M | -21.2M | -13.4M | 23.2M | 46.1M |
| Free cash flow | -8.1M | -6M | 21.4M | 15.5M | 6.8M | 4M | 15.7M | 40.8M | 5.7M | -16K | 23M | 47.1M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 1.8B | 2.9B | 8.8B | — | 349.4M |
| Enterprise value | — | — | — | 1.8B | 2.8B | 8.8B | — | 273.4M |
| Shares outstanding | 140.1M | 101.8M | 166.8M | 171.5M | 178.1M | 191.2M | 22M | 22M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -40.1 |
| P/S | — | — | — | 4.72 | 4.14 | 6.95 | — | 0.16 |
| P/B | — | — | — | 80.3 | 76.9 | 273.6 | — | 4.55 |
| EV/EBITDA | — | — | — | -92.6 | -108.5 | -590.7 | — | -215.6 |
| EV/Sales | — | — | — | 4.67 | 4.09 | 6.93 | — | 0.12 |
| Earnings yield | — | — | — | — | — | — | — | -2.49% |
| FCF yield | — | — | — | 0.25% | 0.68% | 0.54% | — | 21.4% |
| PEG | — | — | — | — | — | — | — | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 12.5% | 13% | 9.12% | 8.37% | 9.12% | 9.07% | 8.42% | 8.32% |
| Operating margin | -10.6% | -21% | -9.26% | -5.17% | -3.77% | -1.26% | -0.43% | 0.65% |
| Net margin | -14.3% | -21.9% | -9.6% | -5.33% | -3.95% | -2.09% | -0.41% | -0.72% |
| ROE | 18.9% | -17.4% | -43.2% | -90.7% | -73.4% | -82.3% | -15.6% | -24.9% |
| ROA | -551.7% | -16.5% | -29.2% | -46.5% | -42.2% | -30.5% | -6.36% | -1.22% |
| ROIC | — | — | — | — | — | — | -517.8% | 44.1% |
| Return on tangible assets | -551.7% | -16.5% | -30.8% | -128.5% | -68.6% | -41.7% | -8.02% | -8.44% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.39 | 22.5 | 3.14 | 1.34 | 1.86 | 1.34 | 1.41 | 1.44 |
| Quick ratio | 0.39 | 22.5 | 3.14 | 1.34 | 1.86 | 1.34 | 1.41 | 1.44 |
| Debt / equity | -0.02 | 0.01 | 0 | 0 | — | — | — | 0 |
| Debt / assets | 0.54 | 0.01 | 0 | 0 | — | — | — | — |
| Net debt / EBITDA | -0.11 | 6.14 | 3.29 | 0.97 | — | — | — | 68.3 |
| Interest coverage | -2.86 | -32.5 | — | -36.7 | -399.3 | -69.4 | -14.9 | -16.2 |
| Effective tax rate | — | — | — | — | — | — | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.11 | 0.16 | 0.73 | 2.23 | 3.87 | 6.62 | 89.5 | 98.7 |
| EPS (basic) | -0.02 | -0.04 | -0.07 | -0.12 | -0.15 | -0.14 | -0.4 | -0.4 |
| EPS (diluted) | -0.02 | -0.04 | -0.07 | -0.12 | -0.15 | -0.14 | -0.4 | -0.7 |
| Book value per share | -0.09 | 0.2 | 0.16 | 0.13 | 0.21 | 0.17 | 2.35 | 3.61 |
| FCF per share | -0.01 | -0.02 | 0.01 | 0.03 | 0.11 | 0.25 | 2.82 | 3.29 |
| Cash per share | 0 | 0.21 | 0.21 | 0.11 | 0.16 | 0.17 | 2.27 | 3.95 |
| Capex per share | 0 | 0 | 0 | 0.01 | 0 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0% | 0.1% | 0.14% | 0.37% | 0.09% | 0.08% | — | — |
| Capex / operating cash flow | 0% | -1.01% | -2.53% | -362.9% | 4.81% | 3.23% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |