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 | $0.31 | $1.12 | +261.3% | — | $495.2M | — |
| Q1 26 | $0.29 | $0.41 | +41.4% | — | $452.8M | — |
| Q4 25 | $0.16 | $0.39 | +143.8% | — | $442.2M | — |
| Q3 25 | $0.18 | $0.18 | 0.0% | — | $419.5M | — |
| Q2 25 | $0.18 | $0.19 | +5.6% | — | $411.9M | — |
| Q1 25 | $0.17 | $0.19 | +11.8% | — | $361.6M | — |
| Q4 24 | $0.1 | $0.19 | +90.0% | — | $351.9M | — |
| Q3 24 | $0.12 | $0.11 | -8.3% | — | $336.5M | — |
| Q2 24 | $0.11 | $0.1 | -9.1% | — | $306.4M | — |
| Q1 24 | $0.06 | $0.08 | +33.3% | — | $269.1M | — |
| Q4 23 | $0.01 | $0.01 | 0.0% | — | $264.8M | — |
| Q3 23 | -$0.16 | -$0.2 | -25.0% | — | $241.6M | — |
| Q2 23 | -$0.16 | -$0.11 | +31.3% | — | $234M | — |
| Q1 23 | -$0.18 | -$0.16 | +11.1% | — | $203.9M | — |
| Q4 22 | -$0.14 | -$0.11 | +21.4% | — | $191M | — |
| Q3 22 | -$0.14 | -$0.2 | -42.9% | — | $169.3M | — |
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 | — | $0.33 | — | — | $1.6B | — |
| FY24 | — | -$0.19 | — | — | $1.3B | — |
| FY23 | — | -$0.65 | — | — | $944.3M | — |
| FY22 | — | -$0.68 | — | — | $653.6M | — |
| FY21 | — | -$0.64 |
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 | $126.6M | $257M | $458.6M | $653.6M | $944.3M | $1.3B | $1.6B |
| YoY change | — | +103% | +78.5% | +42.5% | +44.5% | +33.9% | +29.4% |
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 |
|---|
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 | 126.6M | 257M | 458.6M | 653.6M | 944.3M | 1.3B | 1.6B |
| Cost of revenue | 73.3M | 135.8M | 237.1M | 326.9M | 411.6M | 515.5M | 650.7M |
| Gross profit | 53.3M | 121.1M | 221.5M | 326.6M | 532.7M | 748.4M | 984.4M |
| Gross margin | 42.1% | 47.1% | 48.3% | 50% | 56.4% | 59.2% | 60.2% |
| Research & development | 32M | 40.8M | 64.1M | 138.7M | 219.9M | 269.8M | 313.9M |
| Selling, general & administrative | 69.2M | 105.5M | 191.8M | 302.2M | 413.8M | 499.7M | 568M |
| Operating expenses | 101.2M | 146.2M | 255.9M | 440.9M | 633.7M | 769.5M | 881.9M |
| Operating income | -50.6M | -29.2M | -39.7M | -121M | -114.2M | -39.1M | 77.5M |
| Operating margin | -40% | -11.4% | -8.66% | -18.5% | -12.1% | -3.09% | 4.74% |
| Non-operating income, net | -34K | -1.3M | 3.1M | 5.2M | -2.8M | 4M | -5.9M |
| Pretax income | -51.1M | -31.4M | -37.7M | -113M | -111.9M | -30.3M | 71.6M |
| Income tax | 259K | 1.2M | 1M | 1M | 5.9M | 6.7M | 3.7M |
| Net income | -51.4M | -32.6M | -38.8M | -114M | -117.8M | -37M | 67.9M |
| Net margin | -40.6% | -12.7% | -8.45% | -17.4% | -12.5% | -2.93% | 4.15% |
| EBITDA | -46.9M | -26.2M | -31.2M | -105M | -96.5M | -9M | 126M |
| EPS | -0.42 | -0.21 | -0.64 | -0.68 | -0.65 | -0.19 | 0.33 |
| Diluted EPS | -0.42 | -0.21 | -0.64 | -0.68 | -0.65 | -0.19 | 0.31 |
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 | 241.6M | 264.8M | 269.1M | 306.4M | 336.5M | 351.9M | 361.6M | 411.9M | 419.5M | 442.2M | 452.8M | 495.2M |
| Cost of revenue | 106.9M | 109M | 110M | 127.8M | 137.3M | 140.4M | 144M | 168.8M | 173.1M | 164.8M | 171.8M | 187.8M |
| Gross profit | 134.7M | 155.7M | 159.1M | 178.6M | 199.2M | 211.5M | 217.7M | 243M | 246.4M | 277.4M | 281.1M | 307.3M |
| Gross margin | 55.7% | 58.8% | 59.1% | 58.3% | 59.2% | 60.1% | 60.2% | 59% | 58.7% | 62.7% | 62.1% | 62.1% |
| Research & development | 57M | 59.2M | 63.2M | 67.6M | 68.4M | 70.6M | 73.9M | 77.5M | 80.4M | 82.1M | 79.6M | 74M |
| Selling, general & administrative | 111.2M | 124M | 112.2M | 122.9M | 125.7M | 138.8M | 126.2M | 144.6M | 147.8M | 149.5M | 141.5M | 160.3M |
| Operating expenses | 168.2M | 183.2M | 175.4M | 190.5M | 194.2M | 209.4M | 200M | 222.1M | 228.2M | 231.7M | 221.1M | 234.4M |
| Operating income | -36.9M | -31M | -20M | -15.8M | 368K | -3.7M | 12.2M | 14.6M | 11.8M | 38.8M | 53.7M | 66.7M |
| Operating margin | -15.3% | -11.7% | -7.41% | -5.14% | 0.11% | -1.06% | 3.38% | 3.56% | 2.81% | 8.78% | 11.9% | 13.5% |
| Non-operating income, net | 283K | -64K | -1.6M | 5.8M | 2.1M | -2.3M | 2.2M | -6.9M | 696K | -1.9M | -881K | -370K |
| Pretax income | -35.4M | -29.6M | -20.1M | -8.8M | 3.8M | -5.1M | 14.9M | 8.1M | 12.4M | 36.1M | 52.1M | 64.6M |
| Income tax | 258K | 5.4M | 998K | 3.3M | 1.9M | 589K | 3.6M | 1.6M | 3.6M | -5.1M | 3M | -141.3M |
| Net income | -35.7M | -35M | -21.1M | -12.1M | 1.9M | -5.7M | 11.4M | 6.5M | 8.8M | 41.2M | 49.1M | 205.9M |
| Net margin | -14.8% | -13.2% | -7.83% | -3.95% | 0.57% | -1.63% | 3.14% | 1.59% | 2.1% | 9.32% | 10.8% | 41.6% |
| EBITDA | -31.4M | -25.3M | -15.6M | -4.1M | 9.2M | 1.6M | 21.6M | 16.1M | 21M | 60M | 68.6M | 79.6M |
| EPS | -0.2 | -0.19 | -0.11 | -0.06 | 0.01 | -0.03 | 0.06 | 0.03 | 0.04 | 0.2 | 0.23 | 0.93 |
| Diluted EPS | -0.2 | -0.19 | -0.11 | -0.06 | 0.01 | -0.03 | 0.05 | 0.03 | 0.04 | 0.19 | 0.23 | 0.93 |
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 | — | — | — | — | 3.5B | 4.4B | 2.8B | 4.6B |
| Enterprise value | — | — | — | — | 3.3B | 4B | 2.5B | 4B |
| Shares outstanding | 152M | 152M | 60.7M | 167.8M | 180.8M | 194.6M | 205.8M | 205.8M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 41.8 | 15.3 |
| P/S | — | — | — | — | 3.72 | 3.48 | 1.74 | 2.56 |
| P/B | — | — | — | — | 6.63 | 6.6 | 3.27 | 4.11 |
| EV/EBITDA | — | — | — | — | -34.5 | -451.2 | 19.8 | 20.1 |
| EV/Sales | — | — | — | — | 3.53 | 3.2 | 1.52 | 2.21 |
| Earnings yield | — | — | — | — | — | — | 2.39% | 6.53% |
| FCF yield | — | — | — | — | -1.79% | 4.02% | 9.97% | 4.23% |
| PEG | — | — | — | — | — | — | — | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 42.1% | 47.1% | 48.3% | 50% | 56.4% | 59.2% | 60.2% | 62.1% |
| Operating margin | -40% | -11.4% | -8.66% | -18.5% | -12.1% | -3.09% | 4.74% | 14.3% |
| Net margin | -40.6% | -12.7% | -8.45% | -17.4% | -12.5% | -2.93% | 4.15% | 16.9% |
| ROE | -44.3% | -18.5% | -8.07% | -23.7% | -22.3% | -5.56% | 7.82% | 32.2% |
| ROA | -19.3% | -8.97% | -6.19% | -16.4% | -11.4% | -3.65% | 4.66% | 8.54% |
| ROIC | 381.6% | -38.1% | -47.7% | -64.2% | -32.8% | -12.5% | 14.2% | 35% |
| Return on tangible assets | -19.3% | -8.97% | -6.19% | -16.4% | -13.2% | -4.19% | 5.05% | 21% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.72 | 1.9 | 4.29 | 3.2 | 2.54 | 2.73 | 3.3 | 3.18 |
| Quick ratio | 1.72 | 1.9 | 4.29 | 3.2 | 2.54 | 2.73 | 3.3 | 3.18 |
| Debt / equity | 0.46 | 0.49 | 0.01 | 0.02 | 0.27 | 0.02 | 0.22 | 0.03 |
| Debt / assets | 0.2 | 0.24 | 0.01 | 0.01 | 0.14 | 0.02 | 0.13 | 0.02 |
| Net debt / EBITDA | 2.76 | 3.81 | 12.7 | 2.78 | 1.87 | 39.3 | -2.78 | -2.78 |
| Interest coverage | -30.8 | -25.4 | -29 | -85.8 | -46.6 | -8.33 | 10.4 | 17.1 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 5.16% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.83 | 1.69 | 7.55 | 3.9 | 5.22 | 6.49 | 7.94 | 8.63 |
| EPS (basic) | -0.42 | -0.21 | -0.64 | -0.68 | -0.65 | -0.19 | 0.33 | 0.33 |
| EPS (diluted) | -0.42 | -0.21 | -0.64 | -0.68 | -0.65 | -0.19 | 0.31 | 1.43 |
| Book value per share | 0.76 | 1.16 | 7.91 | 2.86 | 2.93 | 3.42 | 4.22 | 5.32 |
| FCF per share | 0.01 | -0.78 | -0.38 | -0.69 | -0.35 | 0.91 | 1.38 | 1.7 |
| Cash per share | 1.2 | 1.23 | 6.64 | 1.79 | 1.79 | 1.89 | 2.64 | 3.19 |
| Capex per share | 0.03 | 0.01 | 0.03 | 0.02 | 0.02 | 0.03 | 0.06 | 0.06 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 3.99% | 0.8% | 0.43% | 0.56% | 0.3% | 0.47% | 0.76% | 0.71% |
| Capex / operating cash flow | 8.23% | -1.23% | -12.4% | -4.39% | -3.25% | 2.71% | 3.81% | 3.18% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $458.6M |
| — |
| FY20 | — | -$0.21 | — | — | $257M | — |
| FY19 | — | -$0.42 | — | — | $126.6M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $241.6M | $264.8M | $269.1M | $306.4M | $336.5M | $351.9M | $361.6M | $411.9M | $419.5M | $442.2M | $452.8M | $495.2M |
| YoY change | +42.8% | +38.6% | +32% | +30.9% | +39.3% | +32.9% | +34.4% | +34.4% | +24.7% | +25.7% | +25.2% | +20.2% |
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 | 182.4M | 186.7M | 403.3M | 300.6M | 323.7M | 368.1M | 542.4M |
| Receivables | 29.5M | 50.7M | 67.2M | 191.4M | 379.4M | 194M | 286.5M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 248.5M | 345.3M | 607.6M | 669.4M | 932.1M | 897.5M | 1.3B |
| Property, plant & equipment | 15.8M | 15.3M | 14.6M | 20.2M | 25.5M | 44.6M | 74M |
| Goodwill & intangibles | — | — | — | 0 | 143.2M | 130.8M | 114.1M |
| Total assets | 266.1M | 363M | 625.7M | 696M | 1B | 1B | 1.5B |
| Accounts payable | 202K | 4.3M | 1.2M | 6.8M | 35.1M | 16.2M | 28.4M |
| Short-term debt | 47.6M | 83M | 3.2M | 3.5M | 8.5M | 7.2M | 9M |
| Total current liabilities | 144.6M | 181.8M | 141.6M | 209.1M | 366.8M | 329M | 399.1M |
| Long-term debt | 5.4M | 4M | 2.9M | 5.7M | 134.5M | 9.1M | 183.1M |
| Total liabilities | 150M | 186.6M | 145.3M | 215.9M | 507M | 347.4M | 589.9M |
| Shareholders' equity | 116.1M | 176.4M | 480.3M | 480.1M | 529.3M | 665.5M | 868.8M |
| Total debt | 53M | 87M | 6.1M | 9.2M | 143M | 16.3M | 192.1M |
| Net debt | -129.3M | -99.7M | -397.1M | -291.4M | -180.7M | -351.8M | -350.3M |
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 | 223.3M | — | — | — | — | — | — | — | 476.9M | 542.4M | 649.1M | 676.4M |
| Receivables | 259.3M | — | — | — | — | — | — | — | 307.5M | 286.5M | 295.8M | 322M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 728.8M | — | — | — | — | — | — | — | 1.1B | 1.3B | 1.2B | 1.3B |
| Property, plant & equipment | 25M | — | — | — | — | — | — | — | 66M | 74M | 70.1M | 70M |
| Goodwill & intangibles | 145.6M | — | — | — | — | — | — | — | 118.3M | 114.1M | 113.1M | 112M |
| Total assets | 832.8M | — | — | — | — | — | — | — | 1.2B | 1.5B | 1.4B | 1.6B |
| Accounts payable | 17.9M | — | — | — | — | — | — | — | 32.2M | 28.4M | 28.8M | 39.9M |
| Short-term debt | 7.7M | — | — | — | — | — | — | — | 7.2M | 9M | 9.5M | 10.8M |
| Total current liabilities | 300.4M | — | — | — | — | — | — | — | 376.1M | 399.1M | 439.4M | 404.3M |
| Long-term debt | 5.7M | — | — | — | — | — | — | — | 28.3M | 183.1M | 29.8M | 27.4M |
| Total liabilities | 307M | — | — | — | — | — | — | — | 416.5M | 589.9M | 478.3M | 440.6M |
| Shareholders' equity | 525.8M | — | — | — | — | — | — | — | 797.2M | 868.8M | 907.4M | 1.1B |
| Total debt | 13.5M | — | — | — | — | — | — | — | 35.5M | 192.1M | 39.3M | 38.3M |
| Net debt | -209.8M | — | — | — | — | — | — | — | -441.4M | -350.3M | -609.8M | -638.1M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -51.4M | -32.6M | -38.8M | -114M | -117.8M | -37M | 67.9M |
| Depreciation & amortization | 2.7M | 4.1M | 5.3M | 6.7M | 13.1M | 18.1M | 46.8M |
| Stock-based compensation | 3.6M | 5.3M | 17M | 95.3M | 137M | 152.1M | 155.1M |
| Change in working capital | 106.4M | -144M | -6.7M | -74.2M | -125.5M | 85M | 30.6M |
| Operating cash flow | 61.3M | -167.3M | -15.8M | -83.9M | -87.9M | 221.2M | 325.1M |
| Capital expenditure | -5M | -2.1M | -2M | -3.7M | -2.9M | -6M | -12.4M |
| Investing cash flow | -5M | -2.1M | -2M | -3.9M | -43.8M | -6M | -40.5M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -20M | 0 | 0 | — | — | — | -23.9M |
| Financing cash flow | 116M | 119.8M | 149.9M | -483K | -527.8M | -145.5M | -107.6M |
| Net change in cash | 172.3M | -49.5M | 132.1M | -88.3M | -659.5M | 69.7M | 177M |
| Free cash flow | 1.2M | -118.6M | -22.9M | -115.7M | -62.7M | 176.8M | 283.3M |
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 | -35.7M | -35M | -21.1M | -12.1M | 1.9M | -5.7M | 11.4M | 6.5M | 8.8M | 41.2M | 49.1M | 205.9M |
| Depreciation & amortization | 3.4M | 3.5M | 3.7M | 3.9M | 4.7M | 5.8M | 5.4M | 3.9M | -2.2M | 21.3M | 14.1M | 11.8M |
| Stock-based compensation | 36.6M | 36M | 34.1M | 37.2M | 39.3M | 41.6M | 35.8M | 38.1M | 40M | 41.3M | 27.5M | 34.5M |
| Change in working capital | -15.4M | -44.7M | -73.8M | 11.6M | 136.9M | 10.2M | 85.9M | 40M | 33.9M | -68.6M | 8M | 10M |
| Operating cash flow | -4M | -44.3M | -56.9M | 40.6M | 185.5M | 52M | 139.4M | 93.3M | 40M | 149.6M | 81.9M | 134.6M |
| Capital expenditure | -702K | -589K | -945K | -1.1M | -1.1M | -2.8M | -14M | -3.1M | -3.3M | -3.1M | -3.2M | -3.3M |
| Investing cash flow | -702K | -589K | -945K | -1.1M | -1.1M | -2.8M | -14M | -3.1M | -14.4M | -12M | -7.8M | -5.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | -11.9M | -12M | -42.5M | -22.7M |
| Financing cash flow | -36.6M | -636M | -236.4M | -441.5M | -16.2M | -1.5M | -1.1B | -1.5B | -65.4M | -66.5M | -2.5B | -3.6B |
| Net change in cash | -41.3M | -680.9M | -294.2M | -402M | 168.1M | 47.8M | -934.7M | -1.4B | -39.9M | 71.1M | -2.4B | -3.4B |
| Free cash flow | 32.5M | -37.1M | -61.1M | 44.6M | 142.8M | 50.4M | 116M | 74.3M | 32.1M | 140.2M | 72.7M | 130.1M |