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 | -$0.12 | -$0.13 | -8.3% | — | $0 | — |
| Q1 26 | -$0.15 | -$0.14 | +6.7% | — | $0 | — |
| Q4 25 | -$0.13 | -$0.16 | -23.1% | — | $0 | — |
| Q3 25 | -$0.19 | -$0.15 | +21.1% | — | $0 | — |
| Q2 25 | -$0.21 | -$0.16 | +23.8% | — | $0 | — |
| Q1 25 | -$0.2 | -$0.2 | 0.0% | — | $0 | — |
| Q4 24 | -$0.24 | -$0.23 | +4.2% | — | $0 | — |
| Q3 24 | -$0.27 | -$0.27 | 0.0% | — | $0 | — |
| Q2 24 | -$0.24 | -$0.32 | -33.3% | — | $0 | — |
| Q1 24 | -$0.22 | -$0.32 | -45.5% | — | $0 | — |
| Q4 23 | -$0.4 | -$0.35 | +12.5% | — | $0 | — |
| Q3 23 | -$0.45 | $0.02 | +104.4% | — | $0 | — |
| Q2 23 | -$0.43 | -$0.59 | -37.2% | — | $0 | — |
| Q1 23 | -$0.45 | -$0.43 | +4.4% | — | $0 | — |
| Q4 22 | -$0.51 | -$0.38 | +25.5% | — | $0 | — |
| Q3 22 | -$0.53 | -$0.45 | +15.1% | — | $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 % |
|---|---|---|---|---|---|---|
| FY25 | — | -$0.96 | — | — | $0 | — |
| FY24 | — | -$1.16 | — | — | $0 | — |
| FY23 | — | -$1.46 | — | — | $0 | — |
| FY22 | — | -$1.43 | — | — | $0 | — |
| FY21 | — | -$2.14 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 119.4M | 257.9M | 306.5M | 201M | 219.8M | 208.7M | 161.4M |
| Selling, general & administrative | 21.8M | 28.3M | 50.4M | 71.6M | 73.3M | 64M | 44.3M |
| Operating expenses | 141.2M | 286.1M | 356.9M | 272.6M | 293.1M | 272.7M | 205.7M |
| Operating income | -141.2M | -286.1M | -356.9M | -272.6M | -293.1M | -272.7M | -205.7M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | -29K | 97K | 305K | -674K | -52K | -4.5M | -42.3M |
| Pretax income | -138.3M | -285.3M | -355.9M | -269.5M | -283.3M | -266.8M | -244.2M |
| Income tax | -7.5M | 0 | 0 | — | — | — | — |
| Net income | -130.8M | -285.3M | -355.9M | -269.5M | -283.3M | -266.8M | -244.2M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -139.3M | -280.2M | -345.8M | -256.9M | -268.6M | -255.3M | -148.3M |
| EPS | -1 | -1.63 | -2.14 | -1.43 | -1.46 | -1.16 | -0.96 |
| Diluted EPS | -1 | -1.63 | -2.14 | -1.43 | -1.46 | -1.16 | -0.96 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | -17M | 69.8M | 94.5M | 32.9M | 47.7M | 33.6M | 39.1M | 40M | 33.2M | 49M | 37.2M | 54.6M |
| Selling, general & administrative | 19.2M | 20.8M | 16.3M | 16.4M | 14.1M | 17.3M | 11.5M | 10.3M | 10.3M | 12.2M | 11.5M | 10.8M |
| Operating expenses | 2.2M | 90.6M | 110.7M | 49.4M | 61.8M | 50.9M | 50.6M | 50.4M | 43.5M | 61.2M | 48.6M | 65.4M |
| Operating income | -2.2M | -90.6M | -110.7M | -49.4M | -61.8M | -50.9M | -50.6M | -50.4M | -43.5M | -61.2M | -48.6M | -65.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 303K | -224K | 215K | -4.1M | -742K | 141K | 249K | -44M | 360K | 1.1M | 453K | 656K |
| Pretax income | 984K | -88.1M | -107.5M | -50.3M | -59.9M | -49.1M | -49.4M | -93.8M | -42.2M | -58.8M | -47.2M | -63.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | 984K | -88.1M | -107.5M | -50.3M | -59.9M | -49.1M | -49.4M | -93.8M | -42.2M | -58.8M | -47.2M | -63.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | 2.3M | -79.4M | -107M | -45.5M | -57.7M | -45.2M | -47M | -2.9M | -40.3M | -58.1M | -46.2M | -63.2M |
| EPS | 0 | -0.45 | -0.49 | -0.21 | -0.25 | -0.21 | -0.21 | -0.39 | -0.16 | -0.21 | -0.17 | -0.22 |
| Diluted EPS | 0 | -0.45 | -0.49 | -0.21 | -0.25 | -0.21 | -0.21 | -0.39 | -0.16 | -0.21 | -0.17 | -0.22 |
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 | — | — | — | 2.6B | — | 793.7M | — | 1B | 877.1M |
| Enterprise value | — | — | — | 2.1B | — | 692.6M | — | 971.1M | 802.1M |
| Shares outstanding | — | 130.3M | 175.3M | 166.4M | 188.3M | 194.5M | 230.9M | 253.2M | 253.2M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -3.06 |
| P/B | — | — | — | 3.54 | — | 2.76 | — | 6.41 | 5.69 |
| EV/EBITDA | — | — | — | -6.18 | — | -2.58 | — | -6.55 | -4.61 |
| Earnings yield | — | — | — | — | — | — | — | — | -32.7% |
| FCF yield | — | — | — | -10.9% | — | -34.5% | — | -14% | 0.47% |
| PEG | — | — | — | — | — | — | — | — | 0.07 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | — | 91.7% | 67.7% | -48.9% | -54% | -98.5% | -106.5% | -151.8% | -152.9% |
| ROA | — | -31.5% | -39.1% | -31.5% | -32.8% | -50.1% | -53.2% | -58.6% | -29.2% |
| ROIC | — | 60.4% | 39.3% | -123.7% | — | — | — | — | — |
| Return on tangible assets | — | -841.1% | -86.3% | -48.8% | -63.7% | -171% | -263.1% | -1.4K% | -664.5% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 7.47 | 12.2 | 5.62 | 3.99 | 3.31 | 3.54 | 1.89 | 1.38 |
| Quick ratio | — | 7.47 | 12.2 | 5.62 | 3.99 | 3.31 | 3.54 | 1.89 | 1.38 |
| Debt / equity | — | -0.33 | -0.17 | 0.15 | 0.22 | 0.36 | 0.38 | 0.49 | 0.52 |
| Debt / assets | — | 0.11 | 0.1 | 0.1 | 0.13 | 0.18 | 0.19 | 0.19 | 0.17 |
| Net debt / EBITDA | — | 0.66 | 1.09 | 1.27 | 1.23 | 0.38 | 0.23 | 0.4 | 0.42 |
| Effective tax rate | — | 0% | 0% | 0% | — | — | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | — | -1 | -1.63 | -2.14 | -1.43 | -1.46 | -1.16 | -0.96 | -0.96 |
| EPS (diluted) | — | -1 | -1.63 | -2.14 | -1.43 | -1.46 | -1.16 | -0.96 | -0.75 |
| Book value per share | — | -1.09 | -2.4 | 4.38 | 2.65 | 1.48 | 1.08 | 0.64 | 0.52 |
| FCF per share | — | -0.86 | -0.92 | -1.69 | -1.65 | -1.41 | -1.11 | -0.57 | -0.46 |
| Cash per share | — | 1.07 | 2.16 | 3.31 | 2.25 | 1.05 | 0.66 | 0.55 | 0.54 |
| Capex per share | — | 0.2 | 0.14 | 0.18 | 0.11 | 0.1 | 0.14 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | -28.8% | -16.8% | -11.7% | -7.08% | -7.7% | -15.8% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$1.63 | — | — | $0 | — |
| FY19 | — | -$1 | — | — | $0 | — |
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 30.6M | 139M | 378.3M | 551M | 424M | 205.2M | 152.5M | 138.4M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 32.6M | 144.3M | 384.5M | 558.1M | 444.4M | 213.5M | 160.8M | 148.7M |
| Property, plant & equipment | 585K | 68.8M | 109.9M | 161.8M | 159.4M | 145.6M | 135.3M | 65.2M |
| Goodwill & intangibles | 0 | 399.6M | 399.6M | 399.6M | 399.6M | 399.6M | 399.6M | 399.6M |
| Total assets | 34.3M | 415.2M | 730.3M | 1.1B | 822.7M | 565.3M | 501M | 416.9M |
| Accounts payable | 289K | 0 | 2.3M | 2.2M | 2.9M | 4.1M | 5.2M | 1.7M |
| Short-term debt | — | 1.3M | 3.7M | 9.2M | 12.4M | 13.2M | 12.5M | 14.9M |
| Total current liabilities | 1.8M | 19.3M | 31.5M | 99.2M | 111.5M | 64.5M | 45.4M | 78.7M |
| Long-term debt | 0 | 46.4M | 68.2M | 101.8M | 95.9M | 90.9M | 81.7M | 63.9M |
| Total liabilities | 47.5M | 557.7M | 1.2B | 400.9M | 323.4M | 277.8M | 250.5M | 256M |
| Shareholders' equity | -13.2M | -142.5M | -421.2M | 728.5M | 499.3M | 287.5M | 250.5M | 160.9M |
| Total debt | 0 | 47.7M | 71.9M | 110.9M | 108.3M | 104.1M | 94.2M | 78.9M |
| Net debt | -30.6M | -32.3M | -52.9M | -142.1M | -68.5M | -29.4M | -33.4M | 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 | 268.6M | 205.2M | 311.1M | 251.6M | 199M | 152.5M | 104.7M | 72.7M | 153.1M | 138.4M | 101.1M | 160.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 279.5M | 213.5M | 321.3M | 263.5M | 210.1M | 160.8M | 112.7M | 82.5M | 161.8M | 148.7M | 111.7M | 170.6M |
| Property, plant & equipment | 145.6M | 145.6M | 153.2M | 149.1M | 143.9M | 135.3M | 128.5M | 76.1M | 70.6M | 65.2M | 61.5M | 60.5M |
| Goodwill & intangibles | 399.6M | 399.6M | 399.6M | 399.6M | 399.6M | 399.6M | 399.6M | 399.6M | 399.6M | 399.6M | 399.6M | 399.6M |
| Total assets | 631.4M | 565.3M | 681.4M | 618.7M | 559.4M | 501M | 445.5M | 361.6M | 435.4M | 416.9M | 373.6M | 431.5M |
| Accounts payable | 9.9M | 4.1M | 6.1M | 3.8M | 3M | 5.2M | 989K | 2.3M | 1.9M | 1.7M | 2.1M | 1.4M |
| Short-term debt | 13.5M | 13.2M | 13.2M | 10M | 10.6M | 12.5M | 13M | 13.8M | 14.4M | 14.9M | 14.9M | 14.5M |
| Total current liabilities | 66.6M | 64.5M | 52.9M | 50.7M | 47M | 45.4M | 33.2M | 33.4M | 35.5M | 78.7M | 86.3M | 123.8M |
| Long-term debt | 83.4M | 90.9M | 92.9M | 88.6M | 85.5M | 81.7M | 78.3M | 71.7M | 67.9M | 63.9M | 60.5M | 59.2M |
| Total liabilities | 265.6M | 277.8M | 306.2M | 279M | 266.9M | 250.5M | 236.4M | 239.1M | 240.1M | 256M | 254.4M | 277M |
| Shareholders' equity | 365.9M | 287.5M | 375.1M | 339.6M | 292.5M | 250.5M | 209.1M | 122.6M | 195.3M | 160.9M | 119.2M | 154.6M |
| Total debt | 96.9M | 104.1M | 106.1M | 98.6M | 96.1M | 94.2M | 91.3M | 85.5M | 82.2M | 78.9M | 75.3M | 73.7M |
| Net debt | -71.6M | -29.4M | -71M | -36.4M | -30.9M | -33.4M | -4.8M | 14.2M | -21.1M | 7M | -8.5M | 16.7M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -130.8M | -285.3M | -355.9M | -269.5M | -283.3M | -266.8M | -244.2M |
| Depreciation & amortization | 1.8M | 5.9M | 11.1M | 15.6M | 24.6M | 17.4M | 12.8M |
| Stock-based compensation | 1.5M | 5.8M | 22.4M | 38.3M | 35.5M | 37.7M | 25.5M |
| Change in working capital | 5.3M | 2.1M | 4.8M | 2.6M | 12M | 10.7M | -6.5M |
| Operating cash flow | -90.8M | -142.1M | -256M | -295M | -260.2M | -211.3M | -143.8M |
| Capital expenditure | -26.1M | -23.9M | -29.9M | -20.9M | -20M | -33.4M | — |
| Investing cash flow | -87.8M | -252.6M | -245.8M | 210.6M | 172M | 17.5M | -39.3M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 223.7M | 435.5M | 631.8M | 4.9M | 31.6M | 188.7M | 126.1M |
| Net change in cash | 45.2M | 40.9M | 129.9M | -79.5M | -56.5M | -5.1M | -57.1M |
| Free cash flow | -111.6M | -161.9M | -280.9M | -310.9M | -273.6M | -256.6M | -144.8M |
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 | 984K | -88.1M | -107.5M | -50.3M | -59.9M | -49.1M | -49.4M | -93.8M | -42.2M | -58.8M | -47.2M | -63.6M |
| Depreciation & amortization | 4.5M | 11.3M | 3.7M | 3.9M | 4.1M | 5.7M | 3.6M | 2.9M | 3.2M | 3.1M | 2.4M | 2.2M |
| Stock-based compensation | 9M | 7.9M | 9.1M | 11.4M | 10.8M | 6.4M | 7M | 6.6M | 5.5M | 6.3M | 5.7M | 5.3M |
| Change in working capital | 3M | 7.5M | 4.7M | 2.3M | -342K | 4M | -3.3M | 253K | -1.8M | -1.6M | -1M | -295K |
| Operating cash flow | -65.8M | -54.7M | -53.4M | -58.6M | -51.8M | -47.4M | -41.1M | -33.1M | -29.4M | -32.6M | -37.4M | -32.8M |
| Capital expenditure | -2.2M | -14M | -15.8M | -13.1M | -4.1M | -436K | -136K | — | — | — | — | — |
| Investing cash flow | 51.3M | 15.3M | -77.2M | 5.8M | 41.8M | 47.1M | 16.6M | 7.6M | -48M | -15.6M | 49.7M | -85.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -60K | — | — | — | — | — |
| Financing cash flow | -5K | 1.7M | 181.5M | -439K | 143K | 0 | -145K | -111K | 109.4M | — | -187K | -88K |
| Net change in cash | -14.4M | -37.7M | 50.8M | -53.2M | -9.9M | -313K | -24.7M | -25.6M | 32M | -48.3M | 12.2M | -118.8M |
| Free cash flow | -65.8M | -66M | -81.5M | -71.6M | -55.9M | -47.6M | -48.8M | -33M | -29.5M | -33.5M | -37.7M | -34.4M |