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 | -$0.08 | -$0.08 | 0.0% | — | $234.1M | — |
| Q1 26 | -$0.04 | -$0.02 | +50.0% | — | $200.3M | — |
| Q4 25 | -$0.05 | -$0.05 | 0.0% | — | $179.7M | — |
| Q3 25 | -$0.06 | -$0.02 | +66.7% | — | $155.1M | — |
| Q2 25 | -$0.08 | -$0.08 | 0.0% | — | $144.5M | — |
| Q1 25 | -$0.12 | -$0.12 | 0.0% | — | $122.6M | — |
| Q4 24 | -$0.07 | -$0.06 | +14.3% | — | $132.4M | — |
| Q3 24 | -$0.08 | -$0.07 | +12.5% | — | $104.8M | — |
| Q2 24 | -$0.1 | -$0.08 | +20.0% | — | $106.3M | — |
| Q1 24 | -$0.08 | -$0.06 | +25.0% | — | $92.8M | — |
| Q4 23 | -$0.07 | -$0.08 | -14.3% | — | $60M | — |
| Q3 23 | -$0.09 | -$0.08 | +11.1% | — | $67.7M | — |
| Q2 23 | -$0.09 | -$0.1 | -11.1% | — | $62M | — |
| Q1 23 | -$0.09 | -$0.1 | -11.1% | — | $54.9M | — |
| Q4 22 | -$0.07 | -$0.08 | -14.3% | — | $51.8M | — |
| Q3 22 | -$0.07 | -$0.07 | 0.0% | — | $63.1M | — |
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 | — | -$0.37 | — | — | $601.8M | — |
| FY24 | — | -$0.38 | — | — | $436.2M | — |
| FY23 | — | -$0.38 | — | — | $244.6M | — |
| FY22 | — | -$0.29 | — | — | $211M | — |
| FY21 | — | -$0.56 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $35.2M | $62.2M | $211M | $244.6M | $436.2M | $601.8M |
| YoY change | — | +77% | +239% | +15.9% | +78.3% | +38% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 35.2M | 62.2M | 211M | 244.6M | 436.2M | 601.8M |
| Cost of revenue | 47M | 64.1M | 192M | 193.2M | 320.1M | 394.6M |
| Gross profit | -11.8M | -1.9M | 19M | 51.4M | 116.1M | 207.2M |
| Gross margin | -33.6% | -3.04% | 9% | 21% | 26.6% | 34.4% |
| Research & development | 19.1M | 41.8M | 65.2M | 119.1M | 174.4M | 270.7M |
| Selling, general & administrative | 24M | 58.4M | 89M | 110.3M | 131.6M | 165.3M |
| Operating expenses | 43.1M | 100.2M | 154.2M | 229.3M | 305.9M | 436M |
| Operating income | -55M | -102.1M | -135.2M | -177.9M | -189.8M | -228.8M |
| Operating margin | -156.3% | -164% | -64.1% | -72.7% | -43.5% | -38% |
| Non-operating income, net | 190K | -16.7M | 10.1M | 3.2M | 4.3M | 3.9M |
| Pretax income | -54.5M | -124.8M | -132.9M | -178.9M | -189.4M | -225.9M |
| Income tax | 467K | -7.5M | 3M | 3.6M | 764K | -27.7M |
| Net income | -55M | -117.3M | -135.9M | -182.6M | -190.2M | -198.2M |
| Net margin | -156.4% | -188.5% | -64.4% | -74.6% | -43.6% | -32.9% |
| EBITDA | -45.6M | -75.3M | -114.3M | -147.7M | -151.7M | -155M |
| EPS | -0.12 | -0.56 | -0.29 | -0.38 | -0.38 | -0.37 |
| Diluted EPS | -0.12 | -0.56 | -0.29 | -0.38 | -0.38 | -0.37 |
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 | 67.7M | 60M | 92.8M | 106.3M | 104.8M | 132.4M | 122.6M | 144.5M | 155.1M | 179.7M | 200.3M | 234.1M |
| Cost of revenue | 52.7M | 44.5M | 68.6M | 79.1M | 76.8M | 95.6M | 87.3M | 98.1M | 97.8M | 111.4M | 123.9M | 149.5M |
| Gross profit | 15M | 15.5M | 24.2M | 27.2M | 28M | 36.8M | 35.2M | 46.4M | 57.3M | 68.2M | 76.5M | 84.6M |
| Gross margin | 22.1% | 25.8% | 26.1% | 25.6% | 26.7% | 27.8% | 28.8% | 32.1% | 37% | 38% | 38.2% | 36.1% |
| Research & development | 26.6M | 37.5M | 38.5M | 39.9M | 47.7M | 48.3M | 55.1M | 66.1M | 70.7M | 78.8M | 80.5M | 82.4M |
| Selling, general & administrative | 27.2M | 25.9M | 28.7M | 30.5M | 32.2M | 40.1M | 39.3M | 39.9M | 45.6M | 40.5M | 51.9M | 59.7M |
| Operating expenses | 53.8M | 63.4M | 67.3M | 70.4M | 79.9M | 88.4M | 94.4M | 106M | 116.3M | 119.3M | 132.5M | 142.1M |
| Operating income | -38.9M | -47.9M | -43.1M | -43.3M | -51.9M | -51.5M | -59.2M | -59.6M | -59M | -51M | -56M | -57.5M |
| Operating margin | -57.4% | -79.8% | -46.4% | -40.7% | -49.5% | -38.9% | -48.3% | -41.3% | -38% | -28.4% | -27.9% | -24.6% |
| Non-operating income, net | 1.1M | -198K | -278K | 1.6M | 1.4M | 1.7M | 345K | -1.5M | 211K | 4.8M | 280K | -2.3M |
| Pretax income | -39.2M | -49.5M | -44.3M | -42.5M | -51M | -51.7M | -61.4M | -63.5M | -59.3M | -41.6M | -46.8M | -43.9M |
| Income tax | 1.4M | 1M | 5K | -860K | 944K | 675K | -813K | 2.9M | -41.1M | 11.3M | -1.8M | 5.3M |
| Net income | -40.6M | -50.5M | -44.3M | -41.6M | -51.9M | -52.3M | -60.6M | -66.4M | -18.3M | -52.9M | -45M | -49.3M |
| Net margin | -60% | -84.2% | -47.7% | -39.2% | -49.6% | -39.5% | -49.5% | -46% | -11.8% | -29.5% | -22.5% | -21% |
| EBITDA | -29.9M | -39.3M | -35.4M | -33.3M | -42M | -41.1M | -50M | -51.9M | -47.4M | -5.7M | -30.7M | -20.5M |
| EPS | -0.08 | -0.1 | -0.09 | -0.08 | -0.1 | -0.1 | -0.12 | -0.13 | -0.03 | -0.09 | -0.07 | -0.08 |
| Diluted EPS | -0.08 | -0.1 | -0.09 | -0.08 | -0.1 | -0.1 | -0.12 | -0.13 | -0.03 | -0.09 | -0.07 | -0.08 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | 4.5B | — | — | 2.7B | 12.6B | 37B | 46.2B |
| Enterprise value | 4.5B | — | — | 2.6B | 12.7B | 36.3B | 42.1B |
| Shares outstanding | 447.9M | 209.9M | 466.2M | 481.8M | 495.9M | 530.7M | 530.7M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -195.1 |
| P/S | 128.8 | — | — | 10.9 | 29 | 61.5 | 61.5 |
| P/B | -27.2 | — | — | 4.8 | 33 | 21.5 | 12.7 |
| EV/EBITDA | -98.7 | — | — | -17.6 | -83.6 | -233.9 | -279.6 |
| EV/Sales | 128.1 | — | — | 10.6 | 29.1 | 60.2 | 54.7 |
| Earnings yield | — | — | — | — | — | — | -0.51% |
| FCF yield | -1.17% | — | — | -5.76% | -0.92% | -0.87% | -0.55% |
| PEG | — | — | — | — | — | — | 5.07 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | -33.6% | -3.04% | 9% | 21% | 26.6% | 34.4% | 36.1% |
| Operating margin | -156.3% | -164% | -64.1% | -72.7% | -43.5% | -38% | -24.6% |
| Net margin | -156.4% | -188.5% | -64.4% | -74.6% | -43.6% | -32.9% | -21.5% |
| ROE | 33% | -16.8% | -20.2% | -32.9% | -49.7% | -11.5% | -7.92% |
| ROA | -29.3% | -12% | -13.7% | -19.4% | -16.1% | -8.53% | -4.62% |
| ROIC | 28.6% | -75.1% | -38.2% | -36.6% | -43.9% | -23.9% | -16.9% |
| Return on tangible assets | -34.6% | -15.1% | -19.8% | -27.5% | -20.6% | -13.5% | -5.61% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 1.92 | 8.04 | 4.06 | 2.13 | 2.04 | 4.08 | 5.48 |
| Quick ratio | 1.38 | 7.55 | 3.5 | 1.65 | 1.69 | 3.61 | 4.98 |
| Debt / equity | -0.16 | 0.18 | 0.23 | 0.32 | 1.22 | 0.15 | 0.04 |
| Debt / assets | 0.15 | 0.13 | 0.15 | 0.19 | 0.4 | 0.11 | 0.03 |
| Net debt / EBITDA | 0.56 | 7.47 | 2.79 | 0.46 | -0.33 | 4.92 | 20.8 |
| Interest coverage | — | — | — | — | -46.9 | -7.53 | -7.2 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.08 | 0.3 | 0.45 | 0.51 | 0.88 | 1.13 | 1.32 |
| EPS (basic) | -0.12 | -0.56 | -0.29 | -0.38 | -0.38 | -0.37 | -0.37 |
| EPS (diluted) | -0.12 | -0.56 | -0.29 | -0.38 | -0.38 | -0.37 | -0.27 |
| Book value per share | -0.37 | 3.33 | 1.44 | 1.15 | 0.77 | 3.24 | 5.84 |
| FCF per share | -0.12 | -0.46 | -0.32 | -0.32 | -0.23 | -0.61 | -0.59 |
| Cash per share | 0.12 | 3.29 | 1.01 | 0.51 | 0.84 | 1.92 | 3.85 |
| Capex per share | 0.06 | 0.12 | 0.09 | 0.11 | 0.14 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 71.4% | 41.3% | 20.1% | 22.4% | 15.4% | — | — |
| Capex / operating cash flow | -74.8% | -32% | -57.3% | -70.1% | -109.7% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $62.2M |
| — |
| FY20 | — | -$0.12 | — | — | $35.2M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $67.7M | $60M | $92.8M | $106.3M | $104.8M | $132.4M | $122.6M | $144.5M | $155.1M | $179.7M | $200.3M | $234.1M |
| YoY change | +7.3% | +15.9% | +69% | +71.2% | +54.9% | +120.7% | +32.1% | +36% | +48% | +35.7% | +63.5% | +62% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 52.8M | 691M | 471.8M | 244.8M | 419M | 1B |
| Receivables | 2.7M | 14M | 36.6M | 35.2M | 36.4M | 39M |
| Inventory | 26.1M | 47.9M | 92.3M | 107.9M | 119.1M | 158.4M |
| Total current assets | 93.1M | 774.8M | 662.3M | 476.7M | 692.6M | 1.4B |
| Property, plant & equipment | 56.4M | 68.7M | 115.9M | 160.1M | 194.3M | 345.2M |
| Goodwill & intangibles | 29M | 201.6M | 301.4M | 278.2M | 259.3M | 861M |
| Total assets | 187.9M | 980.8M | 989.1M | 941.2M | 1.2B | 2.3B |
| Accounts payable | 3.4M | 3.5M | 12.1M | 29.3M | 53.1M | 72.7M |
| Short-term debt | — | 2.8M | 2.9M | 17.8M | 12M | — |
| Total current liabilities | 48.4M | 96.3M | 162.9M | 223.4M | 339.5M | 334.5M |
| Long-term debt | 27.3M | 125.6M | 149.9M | 158.9M | 456.4M | 254M |
| Total liabilities | 354.6M | 282.4M | 315.9M | 386.7M | 801.9M | 602.6M |
| Shareholders' equity | -166.7M | 698.4M | 673.2M | 554.5M | 382.5M | 1.7B |
| Total debt | 27.3M | 128.4M | 152.8M | 176.7M | 468.4M | 254M |
| Net debt | -25.5M | -562.5M | -89.7M | 14.2M | 197.4M | -574.7M |
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 | 288.4M | 244.8M | 492.5M | 496.8M | 442.4M | 419M | 428.4M | 688.1M | 976.7M | 1B | 1.4B | 2.3B |
| Receivables | 22.8M | 35.2M | 31.2M | 50.5M | 22.1M | 36.4M | 39.4M | 61.8M | 59.1M | 39M | 75M | 112.9M |
| Inventory | 102.4M | 107.9M | 99.9M | 104.5M | 114.4M | 119.1M | 125.6M | 130.2M | 145M | 158.4M | 183.1M | 266.9M |
| Total current assets | 506.2M | 476.7M | 725.6M | 751.8M | 695.5M | 692.6M | 724.9M | 1B | 1.3B | 1.4B | 1.8B | 2.9B |
| Property, plant & equipment | 146.4M | 160.1M | 157M | 162.4M | 171.7M | 194.3M | 211.5M | 263.7M | 309.7M | 345.2M | 368.7M | 427.2M |
| Goodwill & intangibles | 282.8M | 278.2M | 275.7M | 270.5M | 265.2M | 259.3M | 254.4M | 249.9M | 899.4M | 861M | 858.6M | 1.2B |
| Total assets | 950.5M | 941.2M | 1.2B | 1.2B | 1.2B | 1.2B | 1.3B | 1.6B | 2.2B | 2.3B | 2.8B | 4.2B |
| Accounts payable | 25M | 29.3M | 26M | 26.5M | 42.4M | 53.1M | 70.2M | 71M | 61.2M | 72.7M | 63.1M | 74.5M |
| Short-term debt | 105.1M | 17.8M | 11M | 11.3M | 11.8M | 12M | 20.5M | 16.5M | 17.1M | — | — | — |
| Total current liabilities | 303.8M | 223.4M | 232.5M | 266.4M | 269.2M | 339.5M | 348.1M | 376.5M | 414.5M | 334.5M | 402.3M | 528.2M |
| Long-term debt | 57M | 158.9M | 465.8M | 462.4M | 458.7M | 456.4M | 469.2M | 481.6M | 499.5M | 254M | 138.7M | 133.7M |
| Total liabilities | 364.7M | 386.7M | 703M | 733.4M | 733.2M | 801.9M | 823.7M | 864.7M | 940.4M | 602.6M | 555.6M | 695.2M |
| Shareholders' equity | 585.8M | 554.5M | 478.9M | 455.2M | 419.8M | 382.5M | 431.3M | 688.5M | 1.3B | 1.7B | 2.3B | 3.5B |
| Total debt | 162.1M | 176.7M | 476.8M | 473.8M | 470.5M | 468.4M | 489.7M | 498.1M | 516.6M | 254M | 138.7M | 133.7M |
| Net debt | 21.2M | 14.2M | 110.9M | 132.8M | 178M | 197.4M | 186.5M | -65.9M | -291.3M | -574.7M | -1.1B | -2B |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -55M | -117.3M | -135.9M | -182.6M | -190.2M | -198.2M |
| Depreciation & amortization | 9.3M | 10.9M | 29.9M | 29.7M | 33.7M | 43.9M |
| Stock-based compensation | 4.2M | 32.6M | 55.6M | 53.5M | 56.8M | 71.1M |
| Change in working capital | 7.1M | 28K | -29.1M | 10.6M | 29.1M | -41.4M |
| Operating cash flow | -33.6M | -80.3M | -74M | -78.1M | -61.2M | -165.5M |
| Capital expenditure | -25.1M | -25.7M | -42.4M | -54.7M | -67.1M | — |
| Investing cash flow | -37.3M | -92.1M | -346.1M | 12M | -98.3M | -191.1M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | 0 | -30.4M | 0 | 0 | — | — |
| Financing cash flow | 20.5M | 796.8M | -37.4M | -16.1M | 212.2M | 944.3M |
| Net change in cash | -50.4M | 624.4M | -457.5M | -82.1M | 52.7M | 587.7M |
| Free cash flow | -52.9M | -97.5M | -148.9M | -153.6M | -116M | -321.8M |
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 | -40.6M | -50.5M | -44.3M | -41.6M | -51.9M | -52.3M | -60.6M | -66.4M | -18.3M | -52.9M | -45M | -49.3M |
| Depreciation & amortization | 7.8M | 8.2M | 8.3M | 8.1M | 8.1M | 9.1M | 8.7M | 8.8M | 11.7M | 14.7M | 15M | 20.9M |
| Stock-based compensation | 14.1M | 10.1M | 13.1M | 14M | 12.9M | 16.9M | 19.2M | 17.9M | 15.7M | 18.2M | 28.1M | 19.6M |
| Change in working capital | -3.8M | -13M | 19.9M | 237K | -3.7M | 12.7M | -10.4M | 12.3M | -1.1M | -42.1M | -66.7M | -71.2M |
| Operating cash flow | -19.8M | -42.6M | -976K | -15.1M | -32.1M | -13M | -41.3M | -23.2M | -23.5M | -64.5M | -50.3M | -84.1M |
| Capital expenditure | -21M | -10.4M | -19.2M | -15.3M | -11M | -21.6M | -28.7M | — | — | — | — | — |
| Investing cash flow | -32M | 57.5M | -52.3M | -21.7M | -17.3M | -17.9M | -28.6M | 24.6M | -161.3M | -54.5M | -8.7M | -22.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -5.5M | -112.5M | 252.1M | -8.3M | -8.5M | -23.1M | 95.9M | 264.2M | 430.7M | 153.5M | 405.7M | 955.9M |
| Net change in cash | -57.2M | -97.5M | 198.9M | -45M | -57.9M | -54.1M | 26M | 265.6M | 245.8M | 34.5M | 346.7M | 849M |
| Free cash flow | -46.2M | -52.6M | -21.8M | -28.3M | -41.9M | -23.9M | -82.9M | -55.3M | -69.4M | -114.2M | -77.4M | -110.1M |