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 | -$0.36 | -$0.34 | +5.6% | — | $1.4M | — |
| Q4 26 | -$0.35 | -$0.32 | +8.6% | — | $2.5M | — |
| Q3 26 | -$0.31 | -$0.24 | +22.6% | — | $2M | — |
| Q2 26 | -$0.3 | -$0.28 | +6.7% | — | $1.6M | — |
| Q1 26 | -$0.23 | -$0.25 | -8.7% | — | $2.2M | — |
| Q4 25 | -$0.16 | -$0.22 | -37.5% | — | $7.6M | — |
| Q3 25 | -$0.24 | -$0.2 | +16.7% | — | $9M | — |
| Q2 25 | -$0.24 | -$0.3 | -25.0% | — | $4.5M | — |
| Q1 25 | -$0.24 | -$0.18 | +25.0% | — | $55.1M | — |
| Q4 24 | -$0.29 | -$0.23 | +20.7% | — | $28.9M | — |
| Q3 24 | -$0.27 | -$0.21 | +22.2% | — | $15.6M | — |
| Q2 24 | -$0.27 | -$0.29 | -7.4% | — | $3.6M | — |
| Q1 24 | -$0.28 | -$0.28 | 0.0% | — | $21.6M | — |
| Q4 23 | -$0.32 | -$0.26 | +18.8% | — | $27.4M | — |
| Q3 23 | -$0.32 | -$0.42 | -31.2% | — | $17.1M | — |
| Q2 23 | -$0.34 | -$0.32 | +5.9% | — | $12.5M | — |
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 | — | -$0.43 | — | — | $8.3M | — |
| FY25 | — | -$0.24 | — | — | $29.1M | — |
| FY24 | — | $5.55 | — | — | $124.8M | — |
| FY23 | — | -$1.42 | — | — | $61.3M | — |
| FY22 | — | -$1.26 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | $23.8M | $55.3M | $61.3M | $124.8M | $29.1M | $8.3M |
| YoY change | — | +132.3% | +10.8% | +103.6% | -76.7% | -71.6% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | 23.8M | 55.3M | 61.3M | 124.8M | 29.1M | 8.3M |
| Cost of revenue | 2.1M | 9M | 13.1M | 15.6M | 911K | 1.3M |
| Gross profit | 21.7M | 46.3M | 48.2M | 109.2M | 28.1M | 7M |
| Gross margin | 91.4% | 83.8% | 78.6% | 87.5% | 96.9% | 84.4% |
| Research & development | 236.6M | 483M | 525.2M | 501.7M | 550.4M | 681.8M |
| Selling, general & administrative | 259.9M | 775M | 600.5M | 687.4M | 591.4M | 610.5M |
| Operating expenses | 496.5M | 1.3B | 1.1B | 1.2B | 1.1B | 1.3B |
| Operating income | -474.8M | -1.2B | -1.1B | -1.1B | -1.1B | -1.3B |
| Operating margin | -2K% | -2.2K% | -1.8K% | -865.4% | -3.8K% | -15.6K% |
| Non-operating income, net | -422.4M | 294.7M | -151.5M | 5.2B | 173.7M | 842.6M |
| Pretax income | -898.5M | -923.7M | -1.2B | 4.3B | -681.6M | -264.6M |
| Income tax | 1.7M | 369K | 5.2M | 22.2M | 48.2M | 133.3M |
| Net income | -900.2M | -924.1M | -1.1B | 4.2B | -356.7M | -397.9M |
| Net margin | -3.8K% | -1.7K% | -1.8K% | 3.4K% | -1.2K% | -4.8K% |
| EBITDA | -510.5M | -1.2B | -1.1B | -996.5M | -1.3B | -2.2B |
| EPS | -1.18 | -1.26 | -1.42 | 5.55 | -0.24 | -0.43 |
| Diluted EPS | -1.18 | -1.26 | -1.42 | 5.23 | -0.24 | -0.54 |
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 | 3.6M | 15.6M | 28.9M | 55.1M | 4.5M | 9M | 7.6M | 2.2M | 1.6M | 2M | 2.5M | 1.4M |
| Cost of revenue | 223K | 197K | 4.4M | 4M | 234K | 259K | 205K | 154K | 111K | 700K | 320K | 284K |
| Gross profit | 3.4M | 15.4M | 24.5M | 51.2M | 4.2M | 8.8M | 7.4M | 2M | 1.5M | 1.3M | 2.2M | 1.2M |
| Gross margin | 93.9% | 98.7% | 84.7% | 92.8% | 94.8% | 97.1% | 97.3% | 92.9% | 92.9% | 65% | 87.3% | 80.3% |
| Research & development | 114.8M | 108.1M | 120.9M | 133.2M | 143.1M | 141.6M | 145.2M | 152.9M | 164.6M | 165.4M | 198.9M | 202M |
| Selling, general & administrative | 88.6M | 128.2M | 169.6M | 148.5M | 202.9M | 141.5M | 147.1M | 134M | 143.1M | 175.1M | 158.3M | 165.5M |
| Operating expenses | 203.4M | 236.3M | 290.5M | 281.7M | 346M | 283.1M | 292.3M | 286.9M | 307.7M | 340.5M | 357.2M | 367.5M |
| Operating income | -199.9M | -221M | -266M | -230.6M | -341.7M | -274.4M | -285M | -284.9M | -306.2M | -339.2M | -355M | -366.4M |
| Operating margin | -5.5K% | -1.4K% | -919.5% | -418.2% | -7.6K% | -3K% | -3.8K% | -13.1K% | -19.5K% | -17K% | -14.1K% | -25.4K% |
| Non-operating income, net | -55.8M | 5.3B | -1.7M | 242M | 47.6M | -22M | 27.3M | -32.7M | 101.8M | 5.5M | 767.9M | 34.9M |
| Pretax income | -241.4M | 5.2B | -191.5M | 70.1M | -224.4M | -234.5M | -203.1M | -269.3M | -159M | -290.4M | 454.1M | -294.6M |
| Income tax | 3.2M | 22.4M | -9M | 12.7M | 12.5M | -25.6M | 49.3M | 4.6M | 7M | 23.3M | 98.4M | -4M |
| Net income | -331.1M | 5.1B | -182.5M | 57.5M | -279.9M | 118.1M | -252.4M | -273.9M | -166M | -313.7M | 355.7M | -290.6M |
| Net margin | -9.1K% | 32.6K% | -630.8% | 104.3% | -6.3K% | 1.3K% | -3.3K% | -12.6K% | -10.6K% | -15.7K% | 14.1K% | -20.2K% |
| EBITDA | -151.9M | -5.6B | -210.4M | -37.2M | -385.2M | -250.1M | -299.5M | -264.7M | -433.8M | -360.1M | -1.1B | -402.8M |
| EPS | -0.4 | 6.37 | — | 0.13 | -0.31 | 0.23 | -0.29 | -0.33 | -0.17 | -0.38 | 0.43 | -0.26 |
| Diluted EPS | -0.4 | 6.03 | — | 0.12 | -0.31 | 0.23 | -0.29 | -0.33 | -0.17 | -0.38 | 0.28 | -0.26 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | 6.7B | 3.3B | 5.3B | 8.3B | 7.3B | 19.2B | 26.7B |
| Enterprise value | 4.9B | 1.5B | 4.1B | 2.2B | 2.5B | 15B | 23.7B |
| Shares outstanding | 684.8M | 669.8M | 712.8M | 783.2M | 725.4M | 693.9M | 693.9M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | 1.95 | — | — | 1.95 |
| P/S | 281.5 | 59.8 | 85.8 | 66.2 | 251.9 | 2.3K | 3.5K |
| P/B | 3.25 | 1.6 | 3.27 | 1.28 | 1.41 | 3.63 | 6.32 |
| EV/EBITDA | -9.57 | -1.28 | -3.73 | -2.23 | -2 | -6.93 | -17.4 |
| EV/Sales | 205.4 | 27.7 | 66.3 | 17.8 | 87.2 | 1.8K | 3.1K |
| Earnings yield | — | — | — | 51.3% | — | — | 51.3% |
| FCF yield | -8.33% | -21% | -16.3% | -9.29% | -11.5% | -3.95% | -4.22% |
| PEG | — | — | — | — | — | — | -0.09 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 91.4% | 83.8% | 78.6% | 87.5% | 96.9% | 84.4% | 80.3% |
| Operating margin | -2K% | -2.2K% | -1.8K% | -865.4% | -3.8K% | -15.6K% | -25.4K% |
| Net margin | -3.8K% | -1.7K% | -1.8K% | 3.4K% | -1.2K% | -4.8K% | 84.4% |
| ROE | -43.7% | -44.8% | -69.4% | 65.6% | -6.88% | -7.52% | -8.52% |
| ROA | -34.8% | -35.7% | -46.7% | 58.6% | -6.56% | -6.97% | -16.5% |
| ROIC | -188.4% | -425.3% | -261.4% | -260.4% | -278.1% | -116% | -115.2% |
| Return on tangible assets | -34.8% | -35.7% | -49.7% | 59.7% | -6.56% | -6.97% | -7.81% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 9.99 | 11.6 | 6.6 | 25.2 | 33.5 | 18.4 | 16.7 |
| Quick ratio | 9.99 | 11.6 | 6.59 | 25.1 | 33.5 | 18.4 | 16.7 |
| Debt / equity | 0.12 | 0.14 | 0.3 | 0.08 | 0.02 | 0.02 | 0.02 |
| Debt / assets | 0.09 | 0.11 | 0.2 | 0.07 | 0.02 | 0.02 | 0.02 |
| Net debt / EBITDA | 3.55 | 1.48 | 1.1 | 6.06 | 3.77 | 1.93 | 1.62 |
| Interest coverage | -318.9 | -130.2 | -42.8 | 123.3 | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0.52% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.03 | 0.08 | 0.09 | 0.16 | 0.04 | 0.01 | 0.01 |
| EPS (basic) | -1.18 | -1.26 | -1.42 | 5.55 | -0.24 | -0.43 | -0.43 |
| EPS (diluted) | -1.18 | -1.26 | -1.42 | 5.23 | -0.24 | -0.54 | -0.47 |
| Book value per share | 3.01 | 3.08 | 2.26 | 8.23 | 7.15 | 7.63 | 5.86 |
| FCF per share | -0.81 | -1.04 | -1.2 | -0.98 | -1.16 | -1.09 | -1.14 |
| Cash per share | 3 | 3.08 | 2.35 | 8.34 | 6.74 | 6.19 | 5.32 |
| Capex per share | 0.01 | 0.03 | 0.02 | 0 | 0.01 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 24.4% | 31.5% | 20.7% | 1.11% | 15.8% | — | — |
| Capex / operating cash flow | -1.64% | -5.71% | -1.43% | 0.03% | -2.06% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $55.3M |
| — |
| FY21 | — | -$1.18 | — | — | $23.8M | — |
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 26 |
|---|
| Q4 26 |
|---|
| Q1 27 |
|---|
| Revenue | $3.6M | $15.6M | $28.9M | $55.1M | $4.5M | $9M | $7.6M | $2.2M | $1.6M | $2M | $2.5M | $1.4M |
| YoY change | -70.9% | -8.74% | +5.68% | +155% | +22.7% | -42.1% | -73.8% | -96.1% | -64.9% | -77.8% | -66.7% | -33.5% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 2.1B | 2.1B | 1.7B | 6.5B | 4.9B | 4.3B |
| Receivables | — | 3.9M | 30.4M | 53.5M | — | — |
| Inventory | — | 0 | 2.8M | 35.3M | — | — |
| Total current assets | 2.2B | 2.1B | 1.8B | 6.7B | 5B | 5.2B |
| Property, plant & equipment | 77M | 86.9M | 92.3M | 66M | 101.1M | 92.4M |
| Goodwill & intangibles | — | 0 | 144.9M | 137.8M | — | — |
| Total assets | 2.6B | 2.6B | 2.4B | 7.2B | 5.4B | 5.7B |
| Accounts payable | 20.6M | 34.6M | 37.8M | 53.2M | 23.7M | 18M |
| Short-term debt | 12.3M | 11.4M | 52.4M | 21.9M | 9.8M | 11.1M |
| Total current liabilities | 219M | 184.4M | 272.4M | 266.8M | 149.4M | 281.2M |
| Long-term debt | 232.7M | 272.5M | 429M | 477.9M | 90.3M | 96.3M |
| Total liabilities | 527.7M | 523.7M | 782M | 774M | 249.7M | 416.3M |
| Shareholders' equity | 2.1B | 2.1B | 1.6B | 6.4B | 5.2B | 5.3B |
| Total debt | 245M | 283.9M | 481.4M | 499.7M | 100.2M | 107.4M |
| Net debt | -1.8B | -1.8B | -1.2B | -6B | -2.6B | -1.3B |
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 | 1.4B | 6.7B | 6.5B | 5.7B | 5.4B | 5.1B | 4.9B | 4.5B | 4.4B | 4.5B | 4.3B | 3.8B |
| Receivables | 52.1M | 41.1M | 53.5M | 79.8M | 1.9M | 678K | — | — | — | — | — | — |
| Inventory | 4.9M | 5.2M | 35.3M | 34M | — | — | — | — | — | — | — | — |
| Total current assets | 1.6B | 6.8B | 6.7B | 6B | 5.8B | 5.4B | 5B | 4.6B | 4.5B | 4.7B | 5.2B | 4.7B |
| Property, plant & equipment | 73.1M | 68.8M | 66M | 63.2M | 56.7M | 104.5M | 101.1M | 101.9M | 110.8M | 97M | 92.4M | 90.2M |
| Goodwill & intangibles | 140.6M | 150.4M | 137.8M | 136M | — | — | — | — | — | — | — | — |
| Total assets | 2.1B | 7.3B | 7.2B | 6.5B | 6.2B | 5.8B | 5.4B | 5B | 5.1B | 5.2B | 5.7B | 5.3B |
| Accounts payable | 44.1M | 35.2M | 53.2M | 27.7M | 25.1M | 23.7M | 23.7M | 11.6M | 15.1M | 13.3M | 18M | 25.1M |
| Short-term debt | 59.9M | 56.2M | 21.9M | 21.5M | 9.5M | 9.8M | 9.8M | 9.4M | 9M | 10.4M | 11.1M | 12.4M |
| Total current liabilities | 265.5M | 244.9M | 266.8M | 215M | 556.2M | 141.5M | 149.4M | 113.9M | 133.9M | 152M | 281.2M | 283.6M |
| Long-term debt | 438.1M | 450.4M | 477.9M | 357.6M | 43.2M | 90.5M | 90.3M | 90.3M | 89.8M | 98.5M | 96.3M | 94.8M |
| Total liabilities | 739.9M | 728.1M | 774M | 601.2M | 626M | 256.4M | 249.7M | 216.7M | 257.1M | 251.1M | 416.3M | 384.6M |
| Shareholders' equity | 1.3B | 6.6B | 6.4B | 5.9B | 5.6B | 5.5B | 5.2B | 4.8B | 4.8B | 5B | 5.3B | 4.9B |
| Total debt | 498M | 506.6M | 499.7M | 379.1M | 52.7M | 100.3M | 100.2M | 99.7M | 98.8M | 108.9M | 107.4M | 107.2M |
| Net debt | -910.3M | -6.2B | -6B | -5.3B | -1.9B | -1.9B | -2.6B | -1.1B | -1.1B | -1.4B | -1.3B | -1.1B |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Net income | -900.2M | -924.1M | -1.1B | 4.2B | -356.7M | -397.9M |
| Depreciation & amortization | — | 5.9M | 18.9M | 22M | 14.1M | 3.3M |
| Stock-based compensation | 85M | 565M | 217.8M | 199.6M | 289M | 346.2M |
| Change in working capital | 62.7M | -34.9M | -47.9M | -43.1M | -67M | -766.2M |
| Operating cash flow | -354.2M | -305.3M | -889.2M | 4.5B | -223.1M | -750.3M |
| Capital expenditure | -5.8M | -17.4M | -12.7M | -1.4M | -4.6M | — |
| Investing cash flow | -31.7M | 303.3M | -44.3M | 5.2B | -1.8B | -674.1M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | -1.3B | -319.5M |
| Financing cash flow | 456.3M | 306.4M | 496.3M | 364.1M | -1.3B | -135.3M |
| Net change in cash | 70.3M | 304.3M | -437.1M | 10.1B | -3.3B | -1.6B |
| Free cash flow | -557.9M | -695.2M | -856.1M | -766.6M | -844M | -758.6M |
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 | -331.1M | 5.1B | -182.5M | 57.5M | -279.9M | 118.1M | -252.4M | -273.9M | -166M | -313.7M | 355.7M | -290.6M |
| Depreciation & amortization | 5.6M | 5.4M | 5.2M | 4.9M | 4.8M | 2.9M | 1.4M | 1.1M | 921K | 691K | 638K | 600K |
| Stock-based compensation | 49.3M | 54.3M | 46.7M | 50.2M | 71.7M | 83.7M | 83.5M | 82.2M | 81.8M | 105M | 77.2M | 83.3M |
| Change in working capital | -20.4M | 24.6M | -20M | -31.2M | -10.8M | -50.1M | 10.4M | -12.2M | -8.4M | 792K | 25.9M | -8.6M |
| Operating cash flow | -338.5M | 5.2B | -113.1M | -29.6M | -137.4M | 15M | -110.7M | -204.4M | -185.7M | -196.5M | -163.8M | -270.5M |
| Capital expenditure | -275K | -355K | -349K | -965K | -996K | -1.8M | -811K | — | — | — | — | — |
| Investing cash flow | -272K | 5.2B | 6.9M | -965K | -3.4B | 343.7M | 1.1B | -1.1B | 128.3M | 107.1M | 174.8M | 281.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | — | -648.4M | -106.1M | -243.3M | -295.4M | -208.3M | 0 | 0 | -111.2M | -206.7M |
| Financing cash flow | -13.7M | 227.8M | -36.3M | -662.9M | -116.3M | -301.1M | -190.1M | -217.8M | -6.5M | 15.4M | -120M | -258.2M |
| Net change in cash | -352.5M | 10.7B | -142.4M | -693.5M | -3.7B | 57.6M | 773.4M | -1.5B | -63.9M | -74M | -109M | -247M |
| Free cash flow | -196.7M | -210.8M | -108.8M | -193.8M | -267.8M | -209.1M | -173.4M | -208.4M | -193.5M | -191.5M | -165.1M | -270.9M |