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 | $0.72 | $1.8 | +150.0% | — | $389.2M | — |
| Q1 26 | $0.66 | $2.1 | +218.2% | — | $393.5M | — |
| Q3 25 | -$0.47 | -$0.34 | +27.7% | — | $387.8M | — |
| Q2 25 | $0.22 | $1.23 | +459.1% | — | $382.9M | — |
| Q1 25 | $0.03 | $1.07 | +3466.7% | — | $349.4M | — |
| Q4 24 | -$0.38 | $1.55 | +507.9% | — | $326.7M | — |
| Q3 24 | -$1.08 | $1.25 | +215.7% | — | $305.7M | — |
| Q2 24 | -$1.67 | -$0.5 | +70.1% | — | $289.2M | — |
| Q1 24 | -$2.29 | -$0.41 | +82.1% | — | $254.9M | — |
| Q4 23 | -$2.73 | -$1.68 | +38.5% | — | $194.8M | — |
| Q3 23 | -$2.79 | -$3.16 | -13.3% | — | $115.3M | — |
| Q2 23 | -$3.03 | -$2.55 | +15.8% | — | $74.8M | — |
| Q1 23 | -$3.59 | -$2.88 | +19.8% | — | $70.1M | — |
| Q4 22 | -$4.54 | -$4.13 | +9.0% | — | $71.3M | — |
| Q3 22 | -$6.24 | -$4.54 | +27.2% | — | $73.7M | — |
| Q2 22 | -$7.06 | -$6.3 | +10.8% | — | $80.4M | — |
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 | — | $2.49 | — | — | $1.5B | — |
| FY24 | — | $1.96 | — | — | $1.2B | — |
| FY23 | — | -$10.2 | — | — | $455M | — |
| FY22 | — | -$21.1 | — | — | $310.8M | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.3M | $290.2M | $346.8M | $345.4M | $310.8M | $455M | $1.2B | $1.5B |
| YoY change | — | +570.2% | +19.5% | -0.4% | -10% | +46.4% | +158.6% | +29% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43.3M | 290.2M | 346.8M | 345.4M | 310.8M | 455M | 1.2B | 1.5B |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 49.6M | 152.6M | 218.2M | 367.8M | 175.4M | 132.6M | 205.3M | 271.7M |
| Operating expenses | 57.8M | 176.6M | 271.1M | 433.3M | 230.9M | 177.4M | 258.6M | 324.8M |
| Operating income | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | 1.2M | 6.8M | 1.7M | 1.5M | 3.7M | 3.4M |
| Pretax income | -69.1M | -282.4M | -363M | -521.1M | -297.7M | -147.4M | 30.9M | 40.8M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -500K |
| Net income | -69.1M | -282.4M | -363M | -521.1M | -297.7M | -147.4M | 30.9M | 41.3M |
| Net margin | -159.6% | -97.3% | -104.7% | -150.9% | -95.8% | -32.4% | 2.63% | 2.72% |
| EBITDA | — | — | — | — | — | — | — | — |
| EPS | -6.08 | -24.8 | -86.4 | -37.6 | -21.1 | -10.2 | 1.96 | 2.49 |
| Diluted EPS | -6.08 | -24.8 | -86.4 | -37.6 | -21.1 | -10.2 | 1.83 | 2.36 |
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 | 115.3M | 194.8M | 254.9M | 289.2M | 305.7M | 326.7M | 349.4M | 382.9M | 387.8M | 397M | 393.5M | 389.2M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 34.1M | 46.6M | 47.5M | 52.3M | 51.5M | 54M | 72M | 60.7M | 66.4M | 72.6M | 51.8M | 40.8M |
| Operating expenses | 45.2M | 59M | 58.5M | 67M | 64.4M | 68.7M | 83.4M | 74.4M | 81.1M | 85.9M | 67M | 56.3M |
| Operating income | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 100K | 900K | 700K | 1M | 1.3M | 700K | 700K | 800K | 900K | 1M | 700K | 900K |
| Pretax income | -45.8M | -24M | -6.2M | -7.8M | 22.8M | 22.1M | 18.4M | 22M | -5M | 5.4M | 36.1M | 25.6M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400K | -900K | -200K | -200K |
| Net income | -45.8M | -24M | -6.2M | -7.8M | 22.8M | 22.1M | 18.4M | 22M | -5.4M | 6.3M | 36.3M | 25.8M |
| Net margin | -39.7% | -12.3% | -2.43% | -2.7% | 7.46% | 6.76% | 5.27% | 5.75% | -1.39% | 1.59% | 9.22% | 6.63% |
| EBITDA | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS | -3.16 | -1.64 | -0.42 | -0.52 | 1.45 | 1.38 | 1.15 | 1.36 | -0.35 | 0.33 | 2.19 | 1.54 |
| Diluted EPS | -3.16 | -1.64 | -0.42 | -0.52 | 1.35 | 1.3 | 1.07 | 1.29 | -0.35 | 0.31 | 2.09 | 1.49 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 63.3M | 150.9M | 1.1B | 1.1B | 724M |
| Enterprise value | — | — | — | — | -532.2M | -395.6M | 375.6M | 256.3M | 523.8M |
| Shares outstanding | 11.4M | 11.4M | 4.2M | 13.8M | 14.1M | 14.4M | 14.9M | 15.4M | 15.4M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 35 | 26.9 | 13.2 |
| P/S | — | — | — | — | 0.2 | 0.33 | 0.92 | 0.73 | 0.47 |
| P/B | — | — | — | — | 0.23 | 0.91 | 5.31 | 3.91 | 2.24 |
| EV/EBITDA | — | — | — | — | — | — | — | — | 5.73 |
| EV/Sales | — | — | — | — | -1.71 | -0.87 | 0.32 | 0.17 | 0.33 |
| Earnings yield | — | — | — | — | — | — | 2.86% | 3.71% | 7.55% |
| FCF yield | — | — | — | — | -348.6% | -28.5% | 17% | 17.3% | 17.3% |
| PEG | — | — | — | — | — | — | — | — | 1 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 8.89% |
| Net margin | -159.6% | -97.3% | -104.7% | -150.9% | -95.8% | -32.4% | 2.63% | 2.72% | 3.71% |
| ROE | 67.3% | 75.5% | -35.2% | -97.1% | -107.4% | -89% | 15.2% | 14.5% | 15.4% |
| ROA | — | — | — | — | — | — | 2.07% | 2.47% | 3.31% |
| Return on tangible assets | — | — | — | — | — | — | 2.13% | 2.55% | 3.78% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | — | — | — | — | 1.98 |
| Debt / equity | -0.15 | -0.46 | 0.18 | — | 1.07 | 1.8 | 0.98 | 0.7 | 0.45 |
| Debt / assets | — | — | — | — | — | — | 0.13 | 0.12 | 0.12 |
| Net debt / EBITDA | — | — | — | — | — | — | — | — | -3.53 |
| Interest coverage | -75.8 | -11.7 | -3.67 | -25.1 | -7.6 | -2.2 | 1.73 | 2.94 | 4.22 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 3.81 | 25.5 | 82.6 | 24.9 | 22 | 31.6 | 79 | 98.5 | 100.8 |
| EPS (basic) | -6.08 | -24.8 | -86.4 | -37.6 | -21.1 | -10.2 | 1.96 | 2.49 | 2.49 |
| EPS (diluted) | -6.08 | -24.8 | -86.4 | -37.6 | -21.1 | -10.2 | 1.83 | 2.36 | 3.58 |
| Book value per share | -9.03 | -32.9 | 245.8 | 38.7 | 19.7 | 11.5 | 13.7 | 18.5 | 21.2 |
| FCF per share | -2.6 | -12.2 | -72.2 | -29.9 | -15.7 | -2.99 | 12.3 | 12.5 | 10.5 |
| Cash per share | 12.5 | 45.2 | 318.3 | 60.4 | 63.2 | 58.7 | 60.8 | 68.6 | 33.6 |
| Capex per share | 0.11 | 0.58 | 0.43 | 0.33 | 0 | 0.01 | 0.03 | 0.92 | 0.9 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.77% | 2.27% | 0.52% | 1.33% | 0% | 0.04% | 0.03% | 0.93% | 0.98% |
| Capex / operating cash flow | -1.3% | -1.93% | -0.45% | -0.85% | 0% | -0.09% | -0.96% | 6.83% | 7.87% |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$37.6 |
| — |
| — |
| $345.4M |
| — |
| FY20 | — | -$86.4 | — | — | $346.8M | — |
| FY19 | — | -$24.8 | — | — | $290.2M | — |
| FY18 | — | -$6.08 | — | — | $43.3M | — |
| 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 | $115.3M | $194.8M | $254.9M | $289.2M | $305.7M | $326.7M | $349.4M | $382.9M | $387.8M | $397M | $393.5M | $389.2M |
| YoY change | +56.4% | +173.2% | +263.6% | +286.6% | +165.1% | +67.7% | +37.1% | +32.4% | +26.9% | +21.5% | +12.6% | +1.65% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 142.5M | 514.5M | 1.3B | 835.9M | 890.9M | 845.5M | 906.1M | 1.1B |
| Receivables | 51.1M | 148M | 254.9M | 303.1M | 260.7M | 372.4M | 455.9M | 462.6M |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — |
| Property, plant & equipment | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | 44M | 55.2M |
| Total assets | — | — | — | — | — | — | 1.5B | 1.7B |
| Accounts payable | 30.1M | 55.5M | 137.1M | 130.7M | 159.5M | 120M | 103.9M | 76.6M |
| Short-term debt | 10M | 0 | — | — | — | — | — | — |
| Total current liabilities | — | — | — | — | — | — | — | — |
| Long-term debt | 5.1M | 171.9M | 188.2M | — | 295.4M | 299M | 200.1M | 200.3M |
| Total liabilities | — | — | — | — | — | — | 1.3B | 1.4B |
| Shareholders' equity | -102.7M | -374M | 1B | 536.4M | 277.1M | 165.7M | 203.7M | 284.3M |
| Total debt | 15.1M | 171.9M | 188.2M | — | 295.4M | 299M | 200.1M | 200.3M |
| Net debt | -107.2M | -219.8M | -924.6M | — | -466.7M | -379.7M | -399.2M | -469M |
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 | 802.4M | 845.5M | 856.5M | 902.7M | 949.6M | 906.1M | 930.2M | 964.1M | 1B | 1.1B | 1.1B | 1B |
| Receivables | 325.6M | 372.4M | 439.1M | 452.8M | 469.3M | 455.9M | 518.5M | 486.8M | 494.8M | 462.6M | 472.9M | 442.9M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | 44M | — | — | — | 55.2M | — | — |
| Total assets | — | — | 1.4B | 1.5B | 1.6B | 1.5B | 1.6B | 1.6B | 1.6B | 1.7B | 1.7B | 1.7B |
| Accounts payable | 119.6M | 120M | 95M | 110.6M | 110.2M | 103.9M | 83.3M | 68.1M | 70.6M | 76.6M | 138.3M | 135.5M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-term debt | 298.3M | 299M | 299.3M | 300.1M | 300.9M | 200.1M | 200M | 200M | 200.4M | 200.3M | 200.3M | 197.8M |
| Total liabilities | — | — | 1.3B | 1.3B | 1.4B | 1.3B | 1.4B | 1.3B | 1.4B | 1.4B | 1.4B | 1.3B |
| Shareholders' equity | 177.1M | 165.7M | 165.7M | 151.3M | 181.9M | 203.7M | 228.7M | 244.5M | 265M | 284.3M | 325.9M | 327.9M |
| Total debt | 298.3M | 299M | 299.3M | 300.1M | 300.9M | 200.1M | 200M | 200M | 200.4M | 200.3M | 200.3M | 197.8M |
| Net debt | -337M | -379.7M | -341.2M | -367.1M | -373.9M | -399.2M | -409.4M | -441.4M | -452.9M | -469M | -396.9M | -311.8M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -69.1M | -282.4M | -363M | -521.1M | -297.7M | -147.4M | 30.9M | 40.3M |
| Depreciation & amortization | — | — | — | — | — | — | — | — |
| Stock-based compensation | 100K | 1.4M | 3.7M | 28.1M | 45M | 34.7M | 22.3M | 59.3M |
| Change in working capital | -23.5M | -81.6M | -68.5M | -65.7M | 62.1M | -117.3M | -133.7M | -70.6M |
| Operating cash flow | -92.5M | -342.8M | -402.7M | -542.4M | -174.1M | -216.2M | -41.5M | 206.5M |
| Capital expenditure | -1.2M | -6.6M | -1.8M | -4.6M | 0 | -200K | -400K | -14.1M |
| Investing cash flow | -18.3M | -108.5M | -99.8M | 83.5M | -6.5M | -36.5M | -143M | -91.7M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | -200K | -10.5M | -3M | -3M | -3M | 0 |
| Financing cash flow | 150.6M | 533.6M | 1.1B | -83.5M | 283M | -3M | -120.8M | -25.5M |
| Net change in cash | 39.8M | 82.3M | 593.9M | -542.4M | 102.4M | -255.7M | -305.3M | 89.3M |
| Free cash flow | -29.6M | -139.3M | -303.3M | -414.6M | -220.7M | -43M | 183.9M | 192.4M |
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 | -45.8M | -24M | -6.2M | -7.8M | 22.8M | 22.1M | 18.4M | 22M | -5.4M | 5.3M | 35.9M | 25.4M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 9.7M | 9M | 7.4M | 4.8M | 4.3M | 5.8M | 6.4M | 8.4M | 28.8M | 15.7M | 12.9M | 6.6M |
| Change in working capital | -69.2M | -27.2M | -87.1M | -2.2M | -33.6M | -10.8M | -85M | -7.5M | -21.4M | 25.9M | -58.3M | 26.1M |
| Operating cash flow | -110.6M | -38.7M | -79.9M | 2.7M | -6.5M | 17.1M | -51.2M | 52M | 57.6M | 70.1M | 9.3M | 57.5M |
| Capital expenditure | 0 | 0 | -200K | -200K | 0 | 0 | 0 | -4M | -3.9M | -4.2M | -3.5M | -3.7M |
| Investing cash flow | -5M | 2.6M | -50.2M | -19.5M | -37.4M | -35.9M | -11.8M | -3.8M | -41.6M | -32.5M | -86.6M | -59.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -3M | — | — | 0 | 0 | — | — | 0 | 0 | — | — |
| Financing cash flow | -300K | -3M | -400K | -10.9M | -2M | -1.8M | -3.1M | -16.3M | -4M | -2.1M | -3.7M | -6.8M |
| Net change in cash | -115.9M | -39.1M | -130.5M | -27.7M | -45.9M | -20.6M | -66.1M | 31.9M | 12M | 35.5M | -81M | -9M |
| Free cash flow | 12.6M | 44M | 12.2M | 59.9M | 47M | 64.8M | 24.8M | 48M | 53.7M | 65.9M | 5.8M | 53.8M |