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 % |
|---|---|---|---|---|---|---|
| Q1 27 | -$0.77 | -$0.72 | +6.5% | — | $0 | — |
| Q4 26 | -$0.72 | -$0.76 | -5.6% | — | $0 | — |
| Q3 26 | -$0.82 | -$0.77 | +6.1% | — | $0 | — |
| Q2 26 | -$0.79 | -$0.9 | -13.9% | — | $0 | — |
| Q1 26 | -$0.8 | -$0.95 | -18.7% | — | $0 | — |
| Q4 25 | -$0.69 | -$0.82 | -18.8% | — | $0 | — |
| Q3 25 | -$0.72 | -$0.79 | -9.7% | — | $0 | — |
| Q2 25 | -$0.74 | -$0.68 | +8.1% | — | $0 | — |
| Q1 25 | -$0.83 | -$0.78 | +6.0% | — | $0 | — |
| Q4 24 | -$0.8 | -$0.25 | +68.8% | — | $0 | — |
| Q3 24 | -$0.93 | -$0.77 | +17.2% | — | $0 | — |
| Q2 24 | -$0.86 | -$0.9 | -4.7% | — | $0 | — |
| Q1 24 | -$0.84 | -$0.75 | +10.7% | — | $0 | — |
| Q4 23 | -$0.66 | -$0.74 | -12.1% | — | $0 | — |
| Q3 23 | -$0.74 | -$0.69 | +6.8% | — | $0 | — |
| Q2 23 | -$0.76 | -$0.79 | -3.9% | — | $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 % |
|---|---|---|---|---|---|---|
| FY26 | — | -$3.38 | — | — | $0 | — |
| FY25 | — | -$3.07 | — | — | $0 | — |
| FY24 | — | -$3.24 | — | — | $0 | — |
| FY23 | — | -$2.99 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 6.9M | 13.5M | 22.2M | 38.8M | 56.8M | 79.5M | 126.5M | 175M | 189.4M | 221.2M |
| Selling, general & administrative | 2.7M | 5.7M | 8.8M | 17.4M | 23.2M | 38.8M | 50.6M | 59.8M | 72.2M | 98.7M |
| Operating expenses | 8.2M | 17M | 28.4M | 53.1M | 77.1M | 115.1M | 174.2M | 232.9M | 259.9M | 318.3M |
| Operating income | -8.2M | -17M | -28.4M | -53.1M | -77.1M | -115.1M | -174.2M | -232.9M | -259.9M | -318.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 476K | -2.7M | -2.4M | 2.4M | -662K | -669K | 4.3M | 24.1M | 20.9M | 12.7M |
| Pretax income | -7.7M | -19.7M | -30.8M | -52.6M | -80.9M | -118M | -174M | -215.4M | -246.8M | -314.5M |
| Income tax | — | — | — | — | — | 0 | 288K | 408K | 468K | -551K |
| Net income | -7.7M | -19.7M | -30.8M | -52.6M | -80.9M | -118M | -174.3M | -215.8M | -247.3M | -313.9M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -7.9M | -18.9M | -27.8M | -52.6M | -76.1M | -114.1M | -177.4M | -229.4M | -256.6M | -315.9M |
| EPS | -0.36 | -0.92 | -1.33 | -1.54 | -1.75 | -2.26 | -2.99 | -3.24 | -3.07 | -3.38 |
| Diluted EPS | -0.36 | -0.92 | -1.33 | -1.54 | -1.75 | -2.26 | -2.99 | -3.24 | -3.07 | -3.38 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 49.1M | 42.8M | 42.6M | 43M | 43.4M | 48M | 54M | 57.8M | 57.9M | 53.1M | 52.3M | 49.3M |
| Selling, general & administrative | 14.7M | 13.7M | 16.2M | 14.4M | 15.5M | 18M | 25.4M | 32.6M | 26.4M | 18.7M | 21M | 19M |
| Operating expenses | 63.4M | 56.1M | 58.1M | 56.9M | 58.5M | 65.6M | 78.8M | 90M | 83.9M | 71.5M | 72.9M | 68M |
| Operating income | -63.4M | -56.1M | -58.1M | -56.9M | -58.5M | -65.6M | -78.8M | -90M | -83.9M | -71.5M | -72.9M | -68M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 4.6M | 7M | 4.9M | 5.1M | 7.4M | 1.9M | 6.5M | 5.3M | 2.8M | 2.3M | 2.3M | 1.3M |
| Pretax income | -60.2M | -50.6M | -55.1M | -53.8M | -53.1M | -65.8M | -74.2M | -86.7M | -83.1M | -71.2M | -73.5M | -69.8M |
| Income tax | -201K | 473K | -65K | 0 | 0 | 575K | -107K | — | — | -311K | -240K | — |
| Net income | -60M | -51.1M | -55.1M | -53.8M | -53.1M | -66.3M | -74.1M | -86.7M | -83.1M | -70.9M | -73.2M | -69.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -64.1M | -54.1M | -57.9M | -55.8M | -55.6M | -67.9M | -77.3M | -88.5M | -83.9M | -71.3M | -72.2M | -67.7M |
| EPS | -0.9 | -0.77 | — | -0.78 | -0.68 | -0.79 | — | -0.95 | -0.9 | -0.77 | — | -0.72 |
| Diluted EPS | -0.9 | -0.77 | — | -0.78 | -0.68 | -0.79 | — | -0.95 | -0.9 | -0.77 | — | -0.72 |
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 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | 353.1M | — | — | — | — | — | — | — | 1.2B |
| Enterprise value | — | — | 218.3M | — | — | — | — | — | — | — | 1.1B |
| Shares outstanding | 21.5M | 21.5M | 23.2M | 34.3M | 46.2M | 52.2M | 58.2M | 66.6M | 80.6M | 92.8M | 92.8M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -3.71 |
| P/B | — | — | 2.56 | — | — | — | — | — | — | — | 9.83 |
| EV/EBITDA | — | — | -7.85 | — | — | — | — | — | — | — | -3.72 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -26.9% |
| FCF yield | — | — | -7.92% | — | — | — | — | — | — | — | -14.5% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.15 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | 66.9% | 70.2% | -22.4% | -28.6% | -16.2% | -28.7% | -31.4% | -57.6% | -59.5% | -188.9% | -134.3% |
| ROA | -33.8% | -30.2% | -20% | -22.5% | -14.9% | -25.6% | -27% | -44.2% | -44.9% | -94.4% | -51.3% |
| ROIC | — | — | — | — | — | -237.8% | -533.2% | -783.8% | -3.2K% | -3.6K% | -3.6K% |
| Return on tangible assets | -33.8% | -30.2% | -20% | -22.5% | -14.9% | -25.6% | -27% | -44.2% | -44.9% | -94.4% | -117.7% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 11.3 | 12.5 | 14.3 | 14.7 | 33.3 | 19.5 | 17.5 | 10.7 | 7.95 | 4.79 | 5.23 |
| Quick ratio | 11.3 | 12.5 | 14.3 | 14.7 | 33.3 | 19.5 | 17.5 | 10.7 | 7.95 | 4.79 | 5.23 |
| Debt / equity | — | — | 0 | 0.23 | 0.07 | 0.08 | 0.11 | 0.2 | 0.18 | 0.67 | 1.06 |
| Debt / assets | — | — | 0 | 0.18 | 0.06 | 0.07 | 0.09 | 0.16 | 0.14 | 0.34 | 0.44 |
| Net debt / EBITDA | — | — | 4.85 | 2.41 | 5.82 | 3.18 | 2.95 | 1.5 | 1.59 | 0.5 | 0.28 |
| Interest coverage | — | — | — | -26.4 | -25.4 | -52.1 | -40.8 | -31.3 | -30.3 | -34.5 | -28.9 |
| Effective tax rate | — | — | — | — | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.36 | -0.92 | -1.33 | -1.54 | -1.75 | -2.26 | -2.99 | -3.24 | -3.07 | -3.38 | -3.38 |
| EPS (diluted) | -0.36 | -0.92 | -1.33 | -1.54 | -1.75 | -2.26 | -2.99 | -3.24 | -3.07 | -3.38 | -3.15 |
| Book value per share | -0.54 | -1.31 | 5.94 | 5.36 | 10.8 | 7.88 | 9.54 | 5.63 | 5.16 | 1.79 | 1.26 |
| FCF per share | -0.34 | -0.75 | -1.21 | -1.96 | -1.38 | -1.62 | -2.24 | -2.87 | -2.47 | -3.07 | -2.9 |
| Cash per share | 0.96 | 2.86 | 5.81 | 4.92 | 10.3 | 7.58 | 10 | 6.32 | 6.01 | 2.9 | 2.07 |
| Capex per share | 0.01 | 0.01 | 0.11 | 0.19 | 0.05 | 0.04 | 0.04 | 0.09 | 0.08 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -2.86% | -0.76% | -9.28% | -10.4% | -3.83% | -2.65% | -1.64% | -3.15% | -3.44% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY22 | — | -$2.26 | — | — | $0 | — |
| FY21 | — | -$1.75 | — | — | $0 | — |
| FY20 | — | -$1.54 | — | — | $0 | — |
| FY19 | — | -$1.33 | — | — | $0 | — |
| FY18 | — | -$0.92 | — | — | $0 | — |
| FY17 | — | -$0.36 | — | — | $0 | — |
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 20.6M | 61.6M | 134.8M | 168.6M | 476.3M | 395.7M | 583.4M | 420.7M | 483.8M | 268.9M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 22.4M | 64.7M | 141M | 174.3M | 483.7M | 404M | 592.6M | 433.7M | 495.9M | 279.1M |
| Property, plant & equipment | 342K | 370K | 12.2M | 58.2M | 57.7M | 55.6M | 52.4M | 52.4M | 52.5M | 48.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 22.8M | 65.2M | 154.3M | 234.1M | 543.1M | 461.2M | 646.6M | 487.7M | 551.3M | 332.4M |
| Accounts payable | 323K | 2M | 7.1M | 3.4M | 2.4M | 3.7M | 5.4M | 2.6M | 12.5M | 6.7M |
| Short-term debt | — | — | — | 3.3M | 3.5M | 3.6M | 3.8M | 3.9M | 4M | 4M |
| Total current liabilities | 2M | 5.2M | 9.9M | 11.9M | 14.5M | 20.8M | 33.8M | 40.4M | 62.4M | 58.2M |
| Long-term debt | — | — | 0 | 38.5M | 29.8M | 29.2M | 57M | 72M | 72.2M | 107.5M |
| Total liabilities | 34.3M | 93.2M | 16.5M | 50.4M | 44.4M | 50M | 91.3M | 113.2M | 135.5M | 166.2M |
| Shareholders' equity | -11.5M | -28.1M | 137.9M | 183.7M | 498.7M | 411.2M | 555.3M | 374.5M | 415.8M | 166.2M |
| Total debt | — | — | 0 | 41.8M | 33.3M | 32.8M | 60.8M | 75.9M | 76.2M | 111.6M |
| Net debt | — | — | -25.7M | -17.7M | -149.2M | -73.1M | -85.8M | 1.4M | -35M | -97.4M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 496.8M | 466.4M | 420.7M | 469.1M | 432.1M | 536.5M | 483.8M | 403.3M | 323.6M | 269.1M | 268.9M | 195.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 508.2M | 479.2M | 433.7M | 480.3M | 442.6M | 547.6M | 495.9M | 413.4M | 333.7M | 280.4M | 279.1M | 200.8M |
| Property, plant & equipment | 51.8M | 52.1M | 52.4M | 52.5M | 53M | 53.2M | 52.5M | 52.8M | 52M | 50.3M | 48.6M | 46.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 562.4M | 532.9M | 487.7M | 535M | 498.2M | 603.6M | 551.3M | 469.5M | 389.4M | 333.6M | 332.4M | 252.4M |
| Accounts payable | 4.4M | 3.9M | 2.6M | 864K | 8.4M | 7.2M | 12.5M | 15.5M | 6.4M | 5.6M | 6.7M | 4.3M |
| Short-term debt | 3.8M | 3.9M | 3.9M | 3.9M | 4M | 3.9M | 4M | 4M | 4.1M | 4.1M | 4M | 4M |
| Total current liabilities | 39.8M | 38.6M | 40.4M | 35.7M | 43.8M | 47.9M | 62.4M | 59.6M | 52.9M | 50.1M | 58.2M | 38.4M |
| Long-term debt | 56.9M | 72M | 72M | 72M | 72.2M | 72.1M | 72.2M | 72.3M | 72.3M | 72.3M | 107.5M | 107.9M |
| Total liabilities | 97.2M | 111.4M | 113.2M | 108.5M | 116.7M | 121.3M | 135.5M | 132.8M | 126.1M | 123.1M | 166.2M | 146.8M |
| Shareholders' equity | 465.2M | 421.5M | 374.5M | 426.5M | 381.5M | 482.4M | 415.8M | 336.7M | 263.3M | 210.5M | 166.2M | 105.6M |
| Total debt | 60.7M | 75.8M | 75.9M | 76M | 76.1M | 76M | 76.2M | 76.3M | 76.3M | 76.3M | 111.6M | 112M |
| Net debt | -15.3M | -21.9M | 1.4M | -75.7M | -37.4M | -96.2M | -35M | -21M | -26M | -46.6M | -97.4M | -73.4M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -7.7M | -19.7M | -30.8M | -52.6M | -80.9M | -118M | -174.3M | -215.8M | -247.3M | -313.9M |
| Depreciation & amortization | 122K | 109K | 148K | 533K | 1.7M | 2.1M | 2.4M | 2.7M | 3.5M | 3.3M |
| Stock-based compensation | 208K | 812K | 2.7M | 7.7M | 11.8M | 24.3M | 28.1M | 34.1M | 35M | 32.3M |
| Change in working capital | -934K | 804K | -159K | -18.8M | 4.7M | 3.3M | 4.8M | -2M | 9.5M | -5.8M |
| Operating cash flow | -8.3M | -18M | -28M | -63M | -62.5M | -88.3M | -138.4M | -179.8M | -194.6M | -280.3M |
| Capital expenditure | -238K | -136K | -2.6M | -6.5M | -2.4M | -2.3M | -2.3M | -5.7M | -6.7M | — |
| Investing cash flow | -238K | -44M | -65.9M | -5.2M | -188.8M | -1.8M | -142.5M | 97.2M | -23.8M | 315.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 15M | 54.8M | 101.2M | 71.5M | 275.1M | -264K | 215.1M | 14.5M | 155.1M | 65.4M |
| Net change in cash | 6.5M | -7.2M | 7.2M | 3.2M | 23.8M | -90.4M | -65.8M | -68.1M | -63.3M | 100.1M |
| Free cash flow | -7.3M | -16.1M | -28M | -67.1M | -63.8M | -84.5M | -130.3M | -191.1M | -198.9M | -284.6M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -60M | -51.1M | -55.1M | -53.8M | -53.1M | -66.3M | -74.1M | -86.7M | -83.1M | -70.9M | -73.2M | -69.8M |
| Depreciation & amortization | 654K | 675K | 705K | 736K | 925K | 993K | 848K | 873K | 842K | 848K | 769K | 937K |
| Stock-based compensation | 9.1M | 8.2M | 7.9M | 9.5M | 8.7M | 8.6M | 8.3M | 8.8M | 8.3M | 7M | 8.1M | 7.7M |
| Change in working capital | -140K | 31K | -1.4M | -1.5M | 10.7M | -1.6M | 4.2M | 4.9M | -9.5M | -1.6M | 376K | -1.2M |
| Operating cash flow | -50.2M | -41.9M | -47.4M | -44.6M | -31.6M | -57.2M | -59.6M | -77M | -81.2M | -66M | -56.2M | -75.7M |
| Capital expenditure | -1.8M | -1.7M | -1.7M | -1.7M | -2.1M | -1.8M | -1.1M | — | — | — | — | — |
| Investing cash flow | 12.7M | 54M | 23.2M | 29.8M | 458K | -46.3M | -7.7M | 67.8M | 85.5M | 75.3M | 86.5M | 50M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -113K | -128K | -131K | 48.1M | -143K | 204.4M | -97.2M | -166K | -177K | 10.2M | 20.6M | -203K |
| Net change in cash | -37.6M | 11.9M | -24.4M | 33.2M | -31.3M | 100.9M | -164.5M | -9.4M | 4.1M | 19.5M | 50.9M | -25.9M |
| Free cash flow | -45.3M | -48.8M | -47.9M | -50.8M | -40.7M | -52.5M | -54.9M | -79.8M | -82.6M | -66.1M | -56.2M | -75.7M |