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 | $0.56 | $1.2 | +114.3% | — | $1.4B | — |
| Q1 26 | $0.35 | $0.57 | +62.9% | — | $1.2B | — |
| Q4 25 | $0.28 | $0.53 | +89.3% | — | $1.4B | — |
| Q3 25 | $0.09 | $0.16 | +77.8% | — | $1.2B | — |
| Q2 25 | -$0.16 | $0.07 | +143.8% | — | $1.1B | — |
| Q1 25 | -$0.25 | -$0.19 | +24.0% | — | $1B | — |
| Q4 24 | -$0.43 | -$0.24 | +44.2% | — | $1.2B | — |
| Q3 24 | -$0.34 | $0.07 | +120.6% | — | $1.1B | — |
| Q2 24 | -$0.44 | -$0.18 | +59.1% | — | $968.2M | — |
| Q1 24 | -$0.61 | -$0.35 | +42.6% | — | $881.5M | — |
| Q4 23 | -$0.58 | -$0.26 | +55.2% | — | $984.4M | — |
| Q3 23 | -$2.12 | -$2.33 | -9.9% | — | $912M | — |
| Q2 23 | -$1.26 | -$0.76 | +39.7% | — | $847.2M | — |
| Q1 23 | -$1.37 | -$1.38 | -0.7% | — | $741M | — |
| Q4 22 | -$1.73 | -$1.7 | +1.7% | — | $867.1M | — |
| Q3 22 | -$1.28 | -$0.88 | +31.3% | — | $761.4M | — |
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 | — | $0.6 | — | — | $4.7B | — |
| FY24 | — | -$0.89 | — | — | $4.1B | — |
| FY23 | — | -$5.01 | — | — | $3.5B | — |
| FY22 | — | -$3.62 | — | — | $3.1B |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $398.6M | $512.8M | $742.5M | $1.1B | $1.8B | $2.8B | $3.1B | $3.5B | $4.1B | $4.7B |
| YoY change | +24.6% | +28.6% | +44.8% | +52% | +57.5% | +55.5% | +13.1% | +11.5% | +18% | +15.2% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 398.6M | 512.8M | 742.5M | 1.1B | 1.8B | 2.8B | 3.1B | 3.5B | 4.1B | 4.7B |
| Cost of revenue | 277.6M | 312.9M | 410.4M | 633.7M | 970.2M | 1.4B | 1.7B | 2B | 2.3B | 2.7B |
| Gross profit | 121M | 199.8M | 332.1M | 495.2M | 808.2M | 1.4B | 1.4B | 1.5B | 1.8B | 2.1B |
| Gross margin | 30.4% | 39% | 44.7% | 43.9% | 45.4% | 51% | 46.1% | 43.7% | 43.9% | 43.8% |
| Research & development | 76.2M | 107.9M | 170.7M | 265M | 355.8M | 461.6M | 788.9M | 878.5M | 720.1M | 729.5M |
| Selling, general & administrative | 88.2M | 111.5M | 174.8M | 295.3M | 472.7M | 711.9M | 1.2B | 1.4B | 1.3B | 1.4B |
| Operating expenses | 164.4M | 219.4M | 345.4M | 560.3M | 828.5M | 1.2B | 2B | 2.3B | 2B | 2.1B |
| Operating income | -43.4M | -19.6M | -13.3M | -65.1M | -20.3M | 235.1M | -530.9M | -792.4M | -218.2M | -5.6M |
| Operating margin | -10.9% | -3.83% | -1.79% | -5.76% | -1.14% | 8.5% | -17% | -22.7% | -5.3% | -0.12% |
| Non-operating income, net | 668K | -42M | 4.3M | 6.5M | 5.2M | 4.5M | 43.8M | 93.7M | 98.6M | 101.4M |
| Pretax income | -42.5M | -63.2M | -9.3M | -60.9M | -18.5M | 236.6M | -492.3M | -699.4M | -120M | 93.9M |
| Income tax | 211K | 315K | -476K | -982K | -945K | -5.8M | 5.7M | 10.1M | 9.4M | 5.5M |
| Net income | -42.8M | -63.5M | -8.9M | -59.9M | -17.5M | 242.4M | -498M | -709.6M | -129.4M | 88.4M |
| Net margin | -10.7% | -12.4% | -1.19% | -5.31% | -0.98% | 8.77% | -15.9% | -20.4% | -3.15% | 1.87% |
| EBITDA | -38.9M | -13.6M | -598K | -20.6M | 49.9M | 313.2M | -383M | -570.7M | 219.9M | 436.4M |
| EPS | -0.5 | -2.24 | -0.08 | -0.52 | -0.14 | 1.83 | -3.62 | -5.01 | -0.89 | 0.6 |
| Diluted EPS | -0.5 | -2.24 | -0.08 | -0.52 | -0.14 | 1.71 | -3.62 | -5.01 | -0.89 | 0.59 |
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 | 912M | 984.4M | 881.5M | 968.2M | 1.1B | 1.2B | 1B | 1.1B | 1.2B | 1.4B | 1.2B | 1.4B |
| Cost of revenue | 543.2M | 546.5M | 493.2M | 543.5M | 582.1M | 688.5M | 575.6M | 613.4M | 685.7M | 788.1M | 683.9M | 681M |
| Gross profit | 368.8M | 437.9M | 388.3M | 424.7M | 480.1M | 512.6M | 445M | 497.7M | 524.9M | 606.8M | 564.9M | 673.7M |
| Gross margin | 40.4% | 44.5% | 44.1% | 43.9% | 45.2% | 42.7% | 43.6% | 44.8% | 43.4% | 43.5% | 45.2% | 49.7% |
| Research & development | 282.2M | 183.8M | 180.5M | 175.5M | 178.8M | 185.4M | 184.6M | 178M | 182.2M | 184.6M | 189.5M | 179.7M |
| Selling, general & administrative | 436.4M | 358.3M | 279.9M | 320.5M | 337M | 366.3M | 318.2M | 343M | 333.2M | 356.2M | 323.7M | 347.8M |
| Operating expenses | 718.6M | 542.1M | 460.3M | 495.9M | 515.8M | 551.7M | 502.8M | 521M | 515.4M | 540.8M | 513.2M | 527.5M |
| Operating income | -349.8M | -104.2M | -72M | -71.2M | -35.8M | -39.1M | -57.7M | -23.3M | 9.5M | 66M | 51.8M | 146.2M |
| Operating margin | -38.4% | -10.6% | -8.17% | -7.36% | -3.37% | -3.26% | -5.66% | -2.1% | 0.78% | 4.73% | 4.15% | 10.8% |
| Non-operating income, net | 22.9M | 27.7M | 26M | 28.1M | 30.9M | 13.7M | 17.6M | 28.5M | 29M | 26.3M | 37.5M | 23.7M |
| Pretax income | -326.9M | -76.5M | -46.1M | -43.1M | -4.9M | -25.9M | -40.5M | 4.7M | 38M | 91.7M | 88.6M | 169.4M |
| Income tax | 3.2M | 1.8M | 4.8M | -9.2M | 4.1M | 9.7M | -13.1M | -5.8M | 13.2M | 11.2M | 2.9M | 5.2M |
| Net income | -330.1M | -78.3M | -50.9M | -34M | -9M | -35.5M | -27.4M | 10.5M | 24.8M | 80.5M | 85.7M | 164.2M |
| Net margin | -36.2% | -7.95% | -5.77% | -3.51% | -0.85% | -2.96% | -2.69% | 0.95% | 2.05% | 5.77% | 6.86% | 12.1% |
| EBITDA | -349.8M | -46.7M | 30.2M | 16.6M | 42.4M | 156.7M | 34.7M | 87.2M | 122.9M | 191.5M | 165.3M | 251.1M |
| EPS | -2.33 | -0.55 | -0.35 | -0.24 | -0.06 | -0.24 | -0.19 | 0.07 | 0.17 | 0.54 | 0.58 | 1.11 |
| Diluted EPS | -2.33 | -0.55 | -0.35 | -0.24 | -0.06 | -0.24 | -0.19 | 0.07 | 0.16 | 0.53 | 0.57 | 1.08 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 41.2B | 30.3B | 5.6B | 12.8B | 10.8B | 16B | 22.7B |
| Enterprise value | — | — | — | — | 40.5B | 28.7B | 4.4B | 11.4B | 9.2B | 14.2B | 20.6B |
| Shares outstanding | 85.7M | 28.3M | 104.6M | 115.2M | 124M | 132.7M | 137.7M | 139.7M | 144.6M | 147.2M | 147.2M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 124.9 | — | — | — | 180.7 | 65 |
| P/S | — | — | — | — | 23.1 | 11 | 1.79 | 3.67 | 2.61 | 3.37 | 4.36 |
| P/B | — | — | — | — | 31 | 10.9 | 2.12 | 5.5 | 4.31 | 6.01 | 8.03 |
| EV/EBITDA | — | — | — | — | 811.3 | 91.5 | -11.4 | -20 | 41.8 | 32.5 | 35.6 |
| EV/Sales | — | — | — | — | 22.8 | 10.4 | 1.39 | 3.28 | 2.23 | 2.99 | 3.96 |
| Earnings yield | — | — | — | — | — | 0.8% | — | — | — | 0.55% | 1.54% |
| FCF yield | — | — | — | — | 0.16% | 0.62% | -2.68% | 1.35% | 1.98% | 3% | 3.69% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.04 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 30.4% | 39% | 44.7% | 43.9% | 45.4% | 51% | 46.1% | 43.7% | 43.9% | 43.8% | 49.7% |
| Operating margin | -10.9% | -3.83% | -1.79% | -5.76% | -1.14% | 8.5% | -17% | -22.7% | -5.3% | -0.12% | 12.2% |
| Net margin | -10.7% | -12.4% | -1.19% | -5.31% | -0.98% | 8.77% | -15.9% | -20.4% | -3.15% | 1.87% | 6.82% |
| ROE | 22.1% | -41.7% | -3.62% | -8.58% | -1.32% | 8.76% | -18.8% | -30.5% | -5.19% | 3.32% | 13.1% |
| ROA | -23.9% | -17.1% | -1.9% | -4.08% | -0.77% | 5.94% | -11.3% | -16.6% | -3.01% | 1.99% | 4.25% |
| ROIC | 20.3% | 78.6% | -28.3% | -10.8% | -3.01% | 20.6% | -37.8% | -83% | -23.6% | -0.61% | 33.8% |
| Return on tangible assets | -23.9% | -17.4% | -1.93% | -5.13% | -0.88% | 7.71% | -14.7% | -21.2% | -3.75% | 2.62% | 9.96% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.42 | 2.11 | 2.23 | 2.58 | 3.26 | 4.19 | 2.74 | 2.41 | 2.62 | 2.75 | 2.87 |
| Quick ratio | 1.04 | 1.91 | 2.05 | 2.44 | 3.16 | 4.12 | 2.64 | 2.34 | 2.5 | 2.66 | 2.77 |
| Debt / equity | -0.08 | — | 0 | 0.6 | 0.33 | 0.19 | 0.27 | 0.28 | 0.24 | 0.2 | 0.17 |
| Debt / assets | 0.08 | — | 0 | 0.29 | 0.19 | 0.13 | 0.16 | 0.15 | 0.14 | 0.12 | 0.1 |
| Net debt / EBITDA | 0.5 | — | 330.6 | 4.68 | -13.1 | -5.19 | 3.24 | 2.4 | -7.13 | -4.11 | -2.85 |
| Interest coverage | -297 | -38.2 | -26 | -24.7 | -4.38 | 80.4 | -94.4 | -957.1 | -290.9 | 50.3 | 184.6 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5.9% | 8.4% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 4.65 | 18.1 | 7.1 | 9.8 | 14.3 | 20.8 | 22.7 | 25 | 28.4 | 32.2 | 35.3 |
| EPS (basic) | -0.5 | -2.24 | -0.08 | -0.52 | -0.14 | 1.83 | -3.62 | -5.01 | -0.89 | 0.6 | 0.6 |
| EPS (diluted) | -0.5 | -2.24 | -0.08 | -0.52 | -0.14 | 1.71 | -3.62 | -5.01 | -0.89 | 0.59 | 2.35 |
| Book value per share | -2.26 | 5.38 | 2.34 | 6.06 | 10.7 | 20.8 | 19.2 | 16.7 | 17.2 | 18.1 | 19 |
| FCF per share | -0.48 | 0.99 | -0.04 | -0.62 | 0.53 | 1.42 | -1.09 | 1.24 | 1.47 | 3.25 | 4.67 |
| Cash per share | 0.4 | 6.26 | 1.89 | 4.47 | 8.81 | 16.2 | 14.3 | 14.5 | 14.9 | 15.7 | 17.2 |
| Capex per share | 0.1 | 0.33 | 0.18 | 0.67 | 0.66 | 0.3 | 1.17 | 0.59 | 0.03 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.16% | 1.8% | 2.47% | 6.84% | 4.63% | 1.45% | 5.17% | 2.37% | 0.12% | — | — |
| Capex / operating cash flow | -16.1% | -39% | -401.7% | -149.6% | 184.6% | 27% | -114.1% | -97.1% | 3.24% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| Dividend yield | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | $1.83 | — | — | $2.8B | — |
| FY20 | — | -$0.14 | — | — | $1.8B | — |
| FY19 | — | -$0.52 | — | — | $1.1B | — |
| FY18 | — | -$0.08 | — | — | $742.5M | — |
| FY17 | — | -$2.24 | — | — | $512.8M | — |
| FY16 | — | -$0.5 | — | — | $398.6M | — |
| 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 | $912M | $984.4M | $881.5M | $968.2M | $1.1B | $1.2B | $1B | $1.1B | $1.2B | $1.4B | $1.2B | $1.4B |
| YoY change | +19.8% | +13.5% | +19% | +14.3% | +16.5% | +22% | +15.8% | +14.8% | +14% | +16.1% | +22.4% | +21.9% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 34.6M | 177.3M | 197.7M | 515.5M | 1.1B | 2.1B | 2B | 2B | 2.2B | 2.3B |
| Receivables | 79.5M | 120.6M | 183.1M | 332.7M | 523.9M | 752.4M | 760.8M | 816.3M | 812.5M | 879.9M |
| Inventory | 43.6M | 32.7M | 35.6M | 49.7M | 53.9M | 50.3M | 106.7M | 92.1M | 158.3M | 114.6M |
| Total current assets | 165.2M | 344.9M | 432.9M | 925.7M | 1.7B | 3.1B | 3B | 3.1B | 3.2B | 3.4B |
| Property, plant & equipment | 9.5M | 14.7M | 25.3M | 386.6M | 421.4M | 523.2M | 856.7M | 636M | 518.2M | 433.9M |
| Goodwill & intangibles | — | 6.8M | 5.7M | 301.6M | 270.5M | 938.7M | 1B | 921.3M | 852.7M | 1.1B |
| Total assets | 179.1M | 371.9M | 465M | 1.5B | 2.3B | 4.1B | 4.4B | 4.3B | 4.3B | 4.4B |
| Accounts payable | 31.4M | 56.4M | 56.6M | 115.2M | 112.3M | 124.9M | 164.8M | 385.3M | 274M | 158.6M |
| Short-term debt | 15M | — | — | 22.8M | 40.5M | 47M | 134.7M | 68.1M | 79.2M | 87.4M |
| Total current liabilities | 116.5M | 163.3M | 194M | 358.3M | 520.3M | 729.6M | 1.1B | 1.3B | 1.2B | 1.2B |
| Long-term debt | — | — | 0 | 396.4M | 397.8M | 474.7M | 584.7M | 586.2M | 512.7M | 435.9M |
| Total liabilities | 372.9M | 219.6M | 220.3M | 771.8M | 942.5M | 1.3B | 1.8B | 1.9B | 1.8B | 1.8B |
| Shareholders' equity | -193.8M | 152.3M | 244.7M | 698.4M | 1.3B | 2.8B | 2.6B | 2.3B | 2.5B | 2.7B |
| Total debt | 15M | — | 0 | 419.2M | 438.3M | 521.7M | 719.3M | 654.3M | 591.9M | 523.3M |
| Net debt | -19.6M | — | -155.6M | -96.3M | -654.5M | -1.6B | -1.2B | -1.4B | -1.6B | -1.1B |
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 | 2B | 2B | 2.1B | 2.1B | 2.1B | 2.2B | 2.3B | 2.3B | 2.3B | 2.3B | 2.4B | 2.6B |
| Receivables | 720.4M | 816.3M | 716.7M | 669.1M | 729.9M | 812.5M | 650.2M | 628.5M | 745.4M | 879.9M | 752.6M | 776.6M |
| Inventory | 105.4M | 92.1M | 94.5M | 96.4M | 191.2M | 158.3M | 135.3M | 112.7M | 140.7M | 114.6M | 101.3M | 116.4M |
| Total current assets | 3B | 3.1B | 3B | 3B | 3.2B | 3.2B | 3.1B | 3.2B | 3.3B | 3.4B | 3.4B | 3.6B |
| Property, plant & equipment | 689.3M | 636M | 609.6M | 578.5M | 537.3M | 518.2M | 495.8M | 479.3M | 455.7M | 433.9M | 406M | 392.6M |
| Goodwill & intangibles | 890.4M | 921.3M | 898.2M | 873.3M | 879.8M | 852.7M | 826.7M | 1.1B | 1.1B | 1.1B | 1B | 1B |
| Total assets | 4.2B | 4.3B | 4.2B | 4.1B | 4.3B | 4.3B | 4.2B | 4.3B | 4.4B | 4.4B | 4.4B | 4.6B |
| Accounts payable | 312.3M | 385.3M | 385.7M | 276.1M | 327M | 274M | 194.6M | 166M | 159.5M | 158.6M | 123.1M | 167.2M |
| Short-term debt | 63.8M | 68.1M | 71.1M | 74.1M | 77.8M | 79.2M | 81M | 85.4M | 86.4M | 87.4M | 88.4M | 87.7M |
| Total current liabilities | 1.2B | 1.3B | 1.2B | 1.1B | 1.2B | 1.2B | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B | 1.3B |
| Long-term debt | 600M | 586.2M | 568.6M | 553.4M | 535.4M | 512.7M | 496.1M | 481.8M | 457.4M | 435.9M | 412.7M | 386.4M |
| Total liabilities | 1.9B | 1.9B | 1.8B | 1.7B | 1.8B | 1.8B | 1.7B | 1.7B | 1.8B | 1.8B | 1.7B | 1.7B |
| Shareholders' equity | 2.3B | 2.3B | 2.4B | 2.4B | 2.5B | 2.5B | 2.5B | 2.6B | 2.6B | 2.7B | 2.7B | 2.8B |
| Total debt | 663.9M | 654.3M | 639.7M | 627.4M | 613.2M | 591.9M | 577.1M | 567.2M | 543.8M | 523.3M | 501.1M | 474.1M |
| Net debt | -1.3B | -1.4B | -1.4B | -1.4B | -1.5B | -1.6B | -1.7B | -1.7B | -1B | -1.1B | -1.1B | -1.5B |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -42.8M | -63.5M | -8.9M | -59.9M | -17.5M | 242.4M | -498M | -709.6M | -129.4M | 88.4M |
| Depreciation & amortization | 5.3M | 5.3M | 8.4M | 38M | 64.9M | 73.6M | 104.2M | 128M | 339.4M | 340.6M |
| Stock-based compensation | 8.2M | 11M | 37.7M | 85.2M | 134.1M | 187.5M | 359.9M | 370.1M | 384.7M | 354.2M |
| Change in working capital | -24.8M | 22.8M | -43.2M | -118.8M | -159.8M | -450.9M | -341.9M | -80M | -435.8M | -396.6M |
| Operating cash flow | -53.3M | -23.7M | -4.6M | -51.6M | 44.6M | 148.1M | -141.7M | -85.1M | 156M | 483.7M |
| Capital expenditure | -8.6M | -9.2M | -18.3M | -77.2M | -82.4M | -40M | -161.7M | -82.6M | -5.1M | — |
| Investing cash flow | -8.6M | -12.3M | -60.1M | -102.9M | -81.3M | -176.8M | -201.7M | -92.6M | -25.1M | -777.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | -150M |
| Financing cash flow | -594K | 115.9M | -500K | 430.1M | 492.2M | 984.6M | -10M | -80M | -98.6M | -314.8M |
| Net change in cash | -62.5M | 79.9M | -65.2M | 275.7M | 455.5M | 955.9M | -353.4M | -257.7M | 32.4M | -608.2M |
| Free cash flow | -41.1M | 28.1M | -4.4M | -70.9M | 65.8M | 188M | -149.9M | 173.2M | 213M | 478.4M |
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 | 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 | -330.1M | -78.3M | -50.9M | -34M | -9M | -35.5M | -27.4M | 10.5M | 24.8M | 80.5M | 85.7M | 164.2M |
| Depreciation & amortization | -68.8M | 29.8M | 76.2M | 87.8M | 78.1M | 97.2M | 74.8M | 82.1M | 84.4M | 99.2M | 76M | 81.2M |
| Stock-based compensation | 91.3M | 92.8M | 94.6M | 88.4M | 100.1M | 101.5M | 95.5M | 84.6M | 88M | 86M | 78.7M | 75.3M |
| Change in working capital | -6.3M | -98.3M | 29.1M | -142.7M | -174.9M | -147.4M | 56M | -65.7M | -211.3M | -175.6M | 41.5M | -90.7M |
| Operating cash flow | -159.8M | -1.5M | 148.3M | -1.1M | -6.4M | 15.2M | 198.4M | 109.7M | 127.6M | 107.7M | 199.1M | 284.6M |
| Capital expenditure | -6.8M | -3.5M | -672K | -875K | -1.1M | -2.5M | -1.9M | — | — | — | — | — |
| Investing cash flow | -6.8M | -3.5M | -672K | -875K | -21.1M | -2.5M | -8.9M | 10M | -725M | 40M | 18.4M | 175M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | -50M | -100M | -100M | -62.7M |
| Financing cash flow | 0 | 0 | -22.2M | -19.4M | -24.1M | -32.9M | -38.5M | -33M | -93.6M | -149.8M | -151.5M | -122.3M |
| Net change in cash | -166.6M | -5.1M | 125.5M | -21.4M | -51.6M | -20.1M | 151M | 86.7M | -691M | -2.1M | 66M | 337.4M |
| Free cash flow | 239.1M | 12.8M | 46M | 22.5M | 67.6M | 76.8M | 136.8M | 108.6M | 126.5M | 106.6M | 196M | 280.9M |