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 | $0.11 | $0.12 | +9.1% | — | $1.2B | — |
| Q1 26 | $0.12 | $0.12 | 0.0% | — | $1.1B | — |
| Q2 25 | $0.06 | $0.09 | +50.0% | — | $854.9M | — |
| Q1 25 | $0.03 | $0.06 | +100.0% | — | $771.8M | — |
| Q4 24 | $0.04 | $0.05 | +25.0% | — | $734.1M | — |
| Q3 24 | $0.04 | $0.05 | +25.0% | — | $693.8M | — |
| Q2 24 | $0.01 | $0.02 | +100.0% | — | $598.6M | — |
| Q1 24 | — | $0.03 | — | — | $585.8M | — |
| Q4 23 | $0.04 | $0.04 | 0.0% | — | $600.8M | — |
| Q3 23 | -$0.07 | -$0.29 | -314.3% | — | $537.2M | — |
| Q2 23 | -$0.07 | -$0.06 | +14.3% | — | $498M | — |
| Q1 23 | -$0.09 | -$0.04 | +55.6% | — | $472.2M | — |
| Q4 22 | -$0.07 | -$0.04 | +42.9% | — | $456.7M | — |
| Q3 22 | -$0.07 | -$0.08 | -14.3% | — | $424M | — |
| Q2 22 | -$0.13 | -$0.12 | +7.7% | — | $362.5M | — |
| Q1 22 | -$0.13 | -$0.11 | +15.4% | — | $330.3M | — |
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 | — | $0.42 | — | — | $3.6B | — |
| FY24 | — | $0.46 | — | — | $2.6B | — |
| FY23 | — | -$0.36 | — | — | $2.1B | — |
| FY22 | — | -$0.4 | — | — | $1.6B | — |
| 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 | $269.4M | $442.7M | $565.5M | $984.9M | $1.6B | $2.1B | $2.6B | $3.6B |
| YoY change | — | +64.3% | +27.8% | +74.1% | +59.8% | +34% | +23.9% | +38.3% |
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 | 269.4M | 442.7M | 565.5M | 984.9M | 1.6B | 2.1B | 2.6B | 3.6B |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 334.6M | 418.5M | 514M | 925.4M | 1.1B | 1.2B | 1.4B | 1.8B |
| Operating expenses | 334.6M | 418.5M | 514M | 925.4M | 1.1B | 1.2B | 1.4B | 1.8B |
| Operating income | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — |
| Pretax income | -253.4M | -239.6M | -328.5M | -481.2M | -318.7M | -301.2M | 233.3M | 525.9M |
| Income tax | -958K | 98K | -104.5M | 2.8M | 1.7M | -416K | -265.3M | 44.5M |
| Net income | -252.4M | -239.7M | -224.1M | -483.9M | -320.4M | -300.7M | 498.7M | 481.3M |
| Net margin | -93.7% | -54.1% | -39.6% | -49.1% | -20.4% | -14.3% | 19.1% | 13.3% |
| EBITDA | — | — | — | — | — | — | — | — |
| EPS | -2.17 | -2.27 | -2.73 | -1 | -0.4 | -0.36 | 0.46 | 0.42 |
| Diluted EPS | -2.17 | -2.27 | -2.73 | -1 | -0.4 | -0.36 | 0.39 | 0.39 |
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 | 537.2M | 600.8M | 585.8M | 598.6M | 693.8M | 734.1M | 771.8M | 854.9M | 961.6M | 1B | 1.1B | 1.2B |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 311.2M | 306.4M | 312.6M | 329.8M | 363.8M | 390.2M | 394.6M | 430.1M | 475.3M | 499.9M | 533.1M | 609.2M |
| Operating expenses | 311.2M | 306.4M | 312.6M | 329.8M | 363.8M | 390.2M | 394.6M | 430.1M | 475.3M | 499.9M | 533.1M | 609.2M |
| Operating income | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -266.9M | 51.2M | 94.2M | 15.3M | 63.9M | 59.9M | 79.8M | 112.2M | 148.6M | 185.3M | 199.6M | 204.3M |
| Income tax | -244K | 3.2M | 6.2M | -2.1M | 3.1M | -272.5M | 8.7M | 14.9M | 9.2M | 11.8M | 32.8M | 47.7M |
| Net income | -266.7M | 47.9M | 88M | 17.4M | 60.7M | 332.5M | 71.1M | 97.3M | 139.4M | 173.5M | 166.7M | 156.6M |
| Net margin | -49.6% | 7.97% | 15% | 2.91% | 8.76% | 45.3% | 9.21% | 11.4% | 14.5% | 16.9% | 15.2% | 12.8% |
| EBITDA | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS | -0.29 | 0.04 | 0.08 | 0.01 | 0.06 | 0.31 | 0.06 | 0.09 | 0.12 | 0.14 | 0.13 | 0.12 |
| Diluted EPS | -0.29 | 0.02 | 0.02 | 0.01 | 0.05 | 0.29 | 0.06 | 0.08 | 0.11 | 0.13 | 0.12 | 0.12 |
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 | — | — | — | — | — | 9.4B | — | 30.1B | 20.6B |
| Enterprise value | — | — | — | — | — | 11.2B | — | 24.7B | 21.5B |
| Shares outstanding | 116.2M | 116.2M | 116.2M | 526.7M | 900.9M | 945M | 1.1B | 1.2B | 1.2B |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 62.6 | 33.8 |
| P/S | — | — | — | — | — | 4.46 | — | 8.33 | 5.02 |
| P/B | — | — | — | — | — | 1.69 | — | 2.87 | 1.93 |
| EV/Sales | — | — | — | — | — | 5.3 | — | 6.83 | 5.03 |
| Earnings yield | — | — | — | — | — | — | — | 1.6% | 2.96% |
| FCF yield | — | — | — | — | — | -78.1% | — | -13.3% | 2.34% |
| PEG | — | — | — | — | — | — | — | — | 1.02 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 17% |
| Net margin | -93.7% | -54.1% | -39.6% | -49.1% | -20.4% | -14.3% | 19.1% | 13.3% | 14.9% |
| ROE | — | -11.4% | -7.34% | -10.3% | -5.8% | -5.41% | 7.64% | 4.59% | 7.09% |
| ROA | — | — | — | — | — | — | 1.38% | 0.95% | 1.25% |
| Return on tangible assets | — | — | — | — | — | — | 1.55% | 1.03% | 1.12% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | — | — | — | — | 1.1 |
| Debt / equity | — | 2.42 | 1.66 | 0.89 | 1.02 | 0.97 | 0.49 | 0.18 | 0.31 |
| Debt / assets | — | — | — | — | — | — | 0.09 | 0.04 | 0.06 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8.47% | 13.8% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 2.32 | 3.81 | 4.87 | 1.87 | 1.75 | 2.23 | 2.49 | 3.14 | 3.44 |
| EPS (basic) | -2.17 | -2.27 | -2.73 | -1 | -0.4 | -0.36 | 0.46 | 0.42 | 0.42 |
| EPS (diluted) | -2.17 | -2.27 | -2.73 | -1 | -0.4 | -0.36 | 0.39 | 0.39 | 0.49 |
| Book value per share | — | 18.1 | 26.3 | 8.92 | 6.14 | 5.88 | 6.21 | 9.12 | 8.58 |
| FCF per share | 8.69 | -0.79 | -4.34 | -2.66 | -8.17 | -7.78 | -1.22 | -3.47 | -6.51 |
| Cash per share | — | 4.3 | 7.51 | 1.31 | 1.62 | 3.79 | 4.13 | 6.4 | 2.61 |
| Capex per share | 0.12 | 0.32 | 0.21 | 0.1 | 0.1 | 0.12 | 0.15 | 0.01 | 0.01 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 5.1% | 8.49% | 4.34% | 5.31% | 5.92% | 5.28% | 5.91% | 0.24% | 0.16% |
| Capex / operating cash flow | -6.76% | -22.9% | 71.9% | -34.7% | 66.7% | 90.2% | -220.8% | -0.23% | -0.08% |
| Payout ratio | 0% | -9.98% | -18.1% | -8.35% | -12.6% | -13.4% | 3.31% | 0% | 0% |
| Dividend yield | — | — | — | — | — | 0.43% | — | 0% | 0% |
| — |
| -$1 |
| — |
| — |
| $984.9M |
| — |
| FY20 | — | -$2.73 | — | — | $565.5M | — |
| FY19 | — | -$2.27 | — | — | $442.7M | — |
| FY18 | — | -$2.17 | — | — | $269.4M | — |
| 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 | $537.2M | $600.8M | $585.8M | $598.6M | $693.8M | $734.1M | $771.8M | $854.9M | $961.6M | $1B | $1.1B | $1.2B |
| YoY change | +26.7% | +31.6% | +24.1% | +20.2% | +29.1% | +22.2% | +31.7% | +42.8% | +38.6% | +39.6% | +42.6% | +42.5% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 499.5M | 872.6M | 689.6M | 1.5B | 3.6B | 4.3B | 7.4B |
| Receivables | 12.1M | 23.3M | 85.5M | 127M | 169.9M | 587.5M | 893.5M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — |
| Property, plant & equipment | 161M | 198.3M | 227.1M | 264M | 303.4M | 365.9M | 507.1M |
| Goodwill & intangibles | 458.1M | 2.8B | 2.7B | 4.4B | 3.9B | 4.1B | 4B |
| Total assets | — | — | — | — | — | 36.3B | 50.7B |
| Accounts payable | 103.6M | 452.9M | 158.1M | 144.6M | 159.9M | 132.8M | 89.8M |
| Short-term debt | 161M | 486M | 497.8M | 486M | 486M | 486M | 486M |
| Total current liabilities | — | — | — | — | — | — | — |
| Long-term debt | 4.9B | 4.6B | 3.7B | 5.1B | 4.9B | 2.7B | 1.4B |
| Total liabilities | — | — | — | — | — | 29.7B | 40.2B |
| Shareholders' equity | 2.1B | 3.1B | 4.7B | 5.5B | 5.6B | 6.5B | 10.5B |
| Total debt | 5.1B | 5.1B | 4.2B | 5.6B | 5.4B | 3.2B | 1.9B |
| Net debt | 4.6B | 4.2B | 3.7B | 4.2B | 2.3B | 665.9M | -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 | 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 | 3.2B | 3.6B | 4.5B | 3.8B | 3.8B | 4.3B | 4.2B | 4.4B | 5.6B | 7.4B | 6.4B | 7.4B |
| Receivables | — | 169.9M | — | — | — | 587.5M | — | — | — | 893.5M | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Property, plant & equipment | 295.3M | 303.4M | 315.4M | 329.6M | 350.4M | 365.9M | 394.4M | 432M | 466M | 507.1M | 537.3M | 582.9M |
| Goodwill & intangibles | 3.8B | 3.9B | 4B | 4B | 4B | 4.1B | 4.1B | 4.1B | 4B | 4B | 4B | 4B |
| Total assets | — | — | 31.3B | 32.6B | 34.4B | 36.3B | 37.7B | 41.1B | 45.3B | 50.7B | 53.7B | 60.9B |
| Accounts payable | 566.5M | 159.9M | 554.2M | — | — | 132.8M | — | — | — | 89.8M | — | — |
| Short-term debt | 486M | 486M | 486M | 486M | 486M | 486M | 486M | 486M | 486M | 486M | 486M | 486M |
| Total current liabilities | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-term debt | 5.9B | 4.9B | 2.5B | 2.7B | 2.8B | 2.7B | 2.7B | 3.5B | 2.3B | 1.4B | 1.4B | 2.9B |
| Total liabilities | — | — | 25.2B | 26.7B | 28.3B | 29.7B | 31.1B | 34.3B | 36.5B | 40.2B | 42.9B | 49.9B |
| Shareholders' equity | 5.4B | 5.6B | 6.1B | 5.9B | 6.1B | 6.5B | 6.7B | 6.9B | 8.8B | 10.5B | 10.8B | 11.1B |
| Total debt | 6.4B | 5.4B | 3B | 3.2B | 3.3B | 3.2B | 3.1B | 4B | 2.8B | 1.9B | 1.9B | 3.4B |
| Net debt | 3.6B | 2.3B | -692.4M | 873.6M | 926.9M | 665.9M | 1.1B | 1.9B | -438.9M | -3B | -1.5B | 278.9M |
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 | -252.4M | -239.7M | -224.1M | -483.9M | -320.4M | -300.7M | 498.7M | 481.3M |
| Depreciation & amortization | 10.9M | 16M | 69.8M | 101.6M | 151.4M | 201.4M | 203.5M | 234.2M |
| Stock-based compensation | 43.5M | 61.4M | 99.9M | 239M | 306M | 271.2M | 246.2M | 262.1M |
| Change in working capital | -745K | -54.7M | 118.4M | -37M | -32.1M | 5M | -596.6M | -41.6M |
| Operating cash flow | -203M | -164.4M | 34.1M | -150.5M | 139.7M | 123.5M | -69.9M | -3.7B |
| Capital expenditure | -13.7M | -37.6M | -24.5M | -52.3M | -93.2M | -111.4M | -154.3M | -8.7M |
| Investing cash flow | -12.3M | 114.9M | 258.9M | 110.2M | 77.9M | -517.7M | -1.3B | -587.2M |
| Dividends paid | 0 | -23.9M | -40.5M | -40.4M | -40.4M | -40.4M | -16.5M | 0 |
| Share repurchases | 0 | -8.8M | -40K | -283.4M | 0 | 0 | -323.4M | 0 |
| Financing cash flow | -957.4M | 85.2M | 850M | 678.5M | 1.3B | -347.4M | -1.9B | 1.8B |
| Net change in cash | -1.2B | 35.7M | 1.1B | 638.2M | 1.5B | -741.6M | -3.2B | -2.5B |
| Free cash flow | 1B | -92.3M | -503.9M | -1.4B | -7.4B | -7.3B | -1.3B | -4B |
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 | -266.7M | 47.9M | 88M | 17.4M | 60.7M | 332.5M | 71.1M | 97.3M | 139.4M | 173.5M | 166.7M | 156.6M |
| Depreciation & amortization | 52.5M | 53.4M | 48.5M | 49.6M | 51.8M | 53.5M | 55.3M | 56.7M | 59.2M | 62.9M | 67.6M | 73.1M |
| Stock-based compensation | 62M | 69.1M | 55.1M | 61.1M | 63.6M | 66.4M | 63.8M | 63.3M | 66.5M | 68.6M | 72M | 76.9M |
| Change in working capital | -27.9M | -32.3M | -104.9M | -114.4M | -30.3M | -343.9M | 256M | -8.9M | -163.6M | -104.4M | -184.6M | -165M |
| Operating cash flow | -174.9M | 78.3M | 55.1M | -13.4M | 59.4M | -171.3M | 372.8M | 219.5M | -1.3B | -991.2M | -2.3B | -3.9B |
| Capital expenditure | -28M | -34.3M | -32M | -36.7M | -43.3M | -42.3M | -52.6M | -63.5M | -3.2M | -1.3M | -1.2M | -1.1M |
| Investing cash flow | -131.1M | -145.9M | -268.5M | -626.5M | -42.9M | -368M | -277.1M | -263.5M | -111M | -47.5M | -590.8M | -935.2M |
| Dividends paid | 0 | -20.4M | — | — | 0 | 0 | — | — | 0 | 0 | — | — |
| Share repurchases | 0 | -20.4M | — | — | 0 | 0 | — | — | -1.6M | 1.6M | — | — |
| Financing cash flow | -253.8M | -976.2M | -1.8B | 202.4M | 138.3M | -100.3M | -55M | 890.2M | 456.7M | 535.8M | 77.7M | 44.2M |
| Net change in cash | -559.7M | -1B | -2B | -437.5M | 154.9M | -639.6M | 40.7M | 846.3M | -960.2M | -502.9M | -2.8B | -4.8B |
| Free cash flow | -2.7B | -284.6M | 704.1M | -523.8M | -1.2B | -244.3M | -32.7M | -1.5B | -1.4B | -1.1B | -2.4B | -4B |