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 % |
|---|---|---|---|---|---|---|
| Q4 23 | $0.79 | $0.75 | -5.1% | — | — | — |
| Q3 23 | -$0.05 | $0.03 | +160.0% | — | $425.1M | — |
| Q4 21 | -$3.19 | $1.9 | +159.6% | — | $560.3M | — |
| Q3 21 | -$7.67 | -$7.03 | +8.3% | — | $504.8M | — |
| Q2 21 | -$12.8 | -$5.82 | +54.6% | — | $559.3M | — |
| Q1 21 | -$5.81 | -$14.7 | -152.7% | — | $516.7M | — |
| Q4 20 | -$3.23 | -$1.3 | +59.8% | — | $420.3M | — |
| Q3 20 | -$3.34 | -$1.32 | +60.5% | — | $361.5M | — |
| Q2 20 | -$7 | -$2.08 | +70.3% | — | $350.9M | — |
| Q1 20 | -$7.77 | -$7.5 | +3.5% | — | $370.3M | — |
| Q4 19 | -$7.68 | -$22 | -186.5% | — | $365.3M | — |
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 | — | $48 | — | — | $3.1B | — |
| FY24 | — | -$14 | — | — | $2B | — |
| FY23 | — | -$24 | — | — | $2.1B | — |
| FY22 | — | $16 | — | — | $2.2B | — |
| FY21 | — | -$26 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $453.5M | $798.6M | $1.2B | $1.5B | $2.1B | $2.2B | $2.1B | $2B | $3.1B |
| YoY change | — | +76.1% | +47.8% | +27.3% | +41% | +3.1% | -5.19% | -1.93% | +52.7% |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 453.5M | 798.6M | 1.2B | 1.5B | 2.1B | 2.2B | 2.1B | 2B | 3.1B |
| Cost of revenue | 330.8M | 565.6M | 910.2M | 1.1B | 1.5B | 1.5B | 1.5B | 1.5B | 2.2B |
| Gross profit | 122.7M | 232.9M | 270.4M | 368.2M | 617M | 716.3M | 585.4M | 556.9M | 905.2M |
| Gross margin | 27.1% | 29.2% | 22.9% | 24.5% | 29.1% | 32.8% | 28.3% | 27.4% | 29.2% |
| Research & development | 43.2M | 83.2M | 158M | 225.3M | 264.7M | 283.3M | 301.5M | 232.7M | 240.2M |
| Selling, general & administrative | 229.4M | 161.7M | 254.3M | 231.6M | 490.8M | 366.3M | 431.6M | 413.9M | 447.9M |
| Operating expenses | 270.6M | 241.3M | 402.8M | 444M | 742M | 635.3M | 723.6M | 644.4M | 685.9M |
| Operating income | -147.9M | -8.4M | -132.4M | -75.8M | -125M | 81M | -138.3M | -87.6M | 219.3M |
| Operating margin | -32.6% | -1.05% | -11.2% | -5.04% | -5.9% | 3.71% | -6.67% | -4.31% | 7.07% |
| Non-operating income, net | -3.8M | -1.2M | -872K | -3.6M | -1.2M | 892K | -5.1M | 214K | -3.1M |
| Pretax income | -153.7M | -9.3M | -133M | -81.2M | -126.9M | 86.7M | -134.1M | -77.7M | 223.4M |
| Income tax | 0 | 0 | 0 | 999K | 376K | 207K | 434K | 3.3M | 2.8M |
| Net income | -153.7M | -9.3M | -133M | -82.2M | -127.3M | 86.5M | -134.5M | -81M | 220.6M |
| Net margin | -33.9% | -1.17% | -11.3% | -5.47% | -6% | 3.96% | -6.49% | -3.99% | 7.11% |
| EBITDA | -138.5M | 1.9M | -121M | -48.4M | -92M | 124.1M | -99.9M | -44.3M | 247.4M |
| EPS | -108.3 | -54.4 | -234.7 | -54 | -26 | 16 | -24 | -14 | 48 |
| Diluted EPS | -108.3 | -54.4 | -234.7 | -54 | -26 | 16 | -24 | -14 | 48 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 559.3M | 504.8M | 560.3M | 516.7M | 515.7M | 565.2M | 587.6M | 631M | 81.6M | 425.1M | 59.3M | — |
| Cost of revenue | 400.5M | 353.6M | 378.4M | 348.6M | 340.1M | 376.2M | 404.1M | 434.6M | 57.6M | 317.3M | 44.3M | — |
| Gross profit | 158.8M | 151.3M | 181.9M | 168.1M | 175.6M | 189.1M | 183.6M | 196.4M | 24M | 107.8M | 15M | — |
| Gross margin | 28.4% | 30% | 32.5% | 32.5% | 34.1% | 33.5% | 31.2% | 31.1% | 29.4% | 25.4% | 25.2% | — |
| Research & development | 60.9M | 73.4M | 73.5M | 71.1M | 70.3M | 78.3M | 63.7M | 71.9M | 10.4M | 83.8M | 9.9M | — |
| Selling, general & administrative | 129.4M | 118M | 103.1M | 82.4M | 91.3M | 98.3M | 94.4M | 81.8M | 12.6M | 84.2M | 24.4M | — |
| Operating expenses | 187.7M | 187.3M | 172.7M | 150.9M | 157.4M | 172.4M | 154.7M | 150.5M | 22.7M | 165.7M | 34M | — |
| Operating income | -28.9M | -36M | 9.2M | 17.2M | 18.2M | 16.7M | 28.9M | 45.9M | 1.3M | -57.9M | -19.1M | — |
| Operating margin | -5.17% | -7.13% | 1.64% | 3.34% | 3.54% | 2.95% | 4.91% | 7.27% | 1.65% | -13.6% | -32.2% | — |
| Non-operating income, net | 198K | -717K | 261K | -721K | 202K | 1.4M | 1.8M | 1.6M | 163.5K | -6.1M | 178.1K | — |
| Pretax income | -29M | -37.1M | 9.3M | 16.5M | 18.9M | 19.8M | 31.5M | 48.4M | 1.7M | -62M | -18.6M | — |
| Income tax | 0 | 0 | 376K | 43K | 61K | 0 | 103K | 39K | 58.4K | 37K | -9.3K | — |
| Net income | -29M | -37.1M | 8.9M | 16.4M | 18.9M | 19.8M | 31.4M | 48.3M | 1.6M | -62M | -18.6M | — |
| Net margin | -5.19% | -7.35% | 1.59% | 3.18% | 3.66% | 3.51% | 5.35% | 7.66% | 1.95% | -14.6% | -31.3% | — |
| EBITDA | -29M | -35.7M | 9.8M | 17.5M | 18.5M | 20.6M | 27.3M | 44.5M | 1.2M | -61.6M | -18.5M | — |
| EPS | -6 | -8 | 2 | 4 | 4 | 4 | 6 | 10 | 2 | -12 | — | 34 |
| Diluted EPS | -6 | -8 | 2 | 4 | 4 | 4 | 6 | 10 | 2 | -12 | — | 34 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 1.2B | — | — | 14.8M | 11.1M | 54.7M | 54.7M |
| Enterprise value | — | — | — | 900.5M | — | — | -465.9M | -410.9M | -575.8M | -575.8M |
| Shares outstanding | 30.1M | 30.1M | 33.2M | 32.1M | 36M | 5.2M | 5.4M | 5.1M | 4.7M | 4.7M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 0.25 | 0.25 |
| P/S | — | — | — | 0.83 | — | — | 0.01 | 0.01 | 0.02 | 0.02 |
| P/B | — | — | — | 7.36 | — | — | 0.05 | 0.05 | 0.15 | 0.15 |
| EV/EBITDA | — | — | — | -18.6 | — | — | 4.66 | 9.28 | -2.33 | -2.33 |
| EV/Sales | — | — | — | 0.6 | — | — | -0.22 | -0.2 | -0.19 | -0.19 |
| Earnings yield | — | — | — | — | — | — | — | — | 403.7% | 403.7% |
| FCF yield | — | — | — | 1.36% | — | — | -840.7% | -346.9% | 504.9% | 504.9% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 27.1% | 29.2% | 22.9% | 24.5% | 29.1% | 32.8% | 28.3% | 27.4% | 29.2% | 29.2% |
| Operating margin | -32.6% | -1.05% | -11.2% | -5.04% | -5.9% | 3.71% | -6.67% | -4.31% | 7.07% | 7.07% |
| Net margin | -33.9% | -1.17% | -11.3% | -5.47% | -6% | 3.96% | -6.49% | -3.99% | 7.11% | 7.11% |
| ROE | 21.9% | 1.01% | 6.65% | -48.6% | -49.9% | 22% | -46.4% | -37.8% | 59% | 59% |
| ROA | -63.4% | -3.95% | -94.5% | -17.7% | -19.8% | 11.1% | -23.7% | -15.5% | 29.4% | 29.4% |
| ROIC | 16.3% | 0.74% | 6.36% | 43.2% | 70.1% | -43.3% | 72.5% | 42.2% | -84.5% | -84.5% |
| Return on tangible assets | -64.5% | -4% | -96.9% | -17.9% | -19.9% | 11.2% | -23.8% | -15.6% | 29.5% | 29.5% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.49 | 1.4 | 0.54 | 1.45 | 1.58 | 1.95 | 1.96 | 1.62 | 1.94 | 1.94 |
| Quick ratio | 1.49 | 1.4 | 0.54 | 1.45 | 1.58 | 1.95 | 1.96 | 1.62 | 1.94 | 1.94 |
| Debt / equity | — | — | 0 | 0.26 | 0.39 | 0.26 | 0.05 | 0.09 | 0.07 | 0.07 |
| Debt / assets | — | — | 0 | 0.09 | 0.16 | 0.13 | 0.03 | 0.04 | 0.03 | 0.03 |
| Net debt / EBITDA | — | — | 0.68 | 7.12 | 4.71 | -4.67 | 4.81 | 9.54 | -2.55 | -2.55 |
| Interest coverage | — | — | — | — | -42.7 | 36 | -84.8 | -185.8 | 8K | 8K |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0.24% | 0% | 0% | 1.24% | 1.24% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 15.1 | 26.5 | 35.5 | 46.8 | 58.8 | 421.7 | 384 | 395.8 | 659.7 | 659.7 |
| EPS (basic) | -108.3 | -54.4 | -234.7 | -54 | -26 | 16 | -24 | -14 | 48 | 48 |
| EPS (diluted) | -108.3 | -54.4 | -234.7 | -54 | -26 | 16 | -24 | -14 | 48 | 48 |
| Book value per share | -23.3 | -30.7 | -60.1 | 5.27 | 7.07 | 75.8 | 53.8 | 41.7 | 79.6 | 79.6 |
| FCF per share | -1.46 | -0.11 | -3.76 | 0.53 | -1.7 | 24 | -23 | -7.53 | 58.7 | 58.7 |
| Cash per share | 6.86 | 6.83 | 2.49 | 12.1 | 14.8 | 131.1 | 91.7 | 86.1 | 139.3 | 139.3 |
| Capex per share | 0.26 | 0.47 | 0.84 | 0.65 | 0.56 | 2.24 | — | — | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.75% | 1.77% | 2.36% | 1.4% | 0.95% | 0.53% | — | — | — | — |
| Capex / operating cash flow | -7.58% | 39.7% | -23.7% | -1.6K% | -33.6% | 9.26% | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | 0% | 0% | 13.7% | 13.7% |
| Dividend yield | — | — | — | — | — | — | 0% | 0% | 55.4% | 55.4% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Apr 22, 2026 | $1.20 |
| Oct 1, 2025 | $1.00 |
| Date | Ratio |
|---|---|
| Sep 20, 2023 | 1:10 |
| — |
| — |
| $2.1B |
| — |
| FY20 | — | -$54 | — | — | $1.5B | — |
| FY19 | — | -$234.7 | — | — | $1.2B | — |
| FY18 | — | -$54.4 | — | — | $798.6M | — |
| FY17 | — | -$108.3 | — | — | $453.5M | — |
| Period | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $559.3M | $504.8M | $560.3M | $516.7M | $515.7M | $565.2M | $587.6M | $631M | $81.6M | $425.1M | $59.3M | — |
| YoY change | +59.4% | +39.7% | +33.3% | 0% | -7.79% | +12% | +4.87% | +22.1% | -84.2% | -24.8% | -89.9% | — |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 206.5M | 205.6M | 82.7M | 388.5M | 533.3M | 679.5M | 495M | 441.9M | 655.1M |
| Receivables | 12.7M | 6.5M | 3M | 8.4M | 6.5M | 3.2M | 1.6M | 1.1M | 972K |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 231.1M | 218M | 104.5M | 419.9M | 577.5M | 723.5M | 533.1M | 489.4M | 710.6M |
| Property, plant & equipment | 8.9M | 17.2M | 32.4M | 38.8M | 62.3M | 51.7M | 31.3M | 29.2M | 35.6M |
| Goodwill & intangibles | 4.3M | 2.9M | 3.4M | 5.9M | 4.5M | 1.2M | 1.4M | 1.2M | 879K |
| Total assets | 242.5M | 236.7M | 140.7M | 463.8M | 642.9M | 776.3M | 566.6M | 521.4M | 749.6M |
| Accounts payable | 52.5M | 76.7M | 72.3M | 78.3M | 80.8M | 53.8M | 43.2M | 39.4M | 58.8M |
| Short-term debt | — | — | — | 43.2M | 82.9M | 92.1M | 10.4M | 15.4M | 14.6M |
| Total current liabilities | 155M | 155.8M | 192.1M | 288.6M | 366.5M | 371.5M | 272.6M | 302.7M | 365.4M |
| Long-term debt | — | — | 0 | 587K | 17.1M | 8.2M | 3.9M | 4.4M | 10M |
| Total liabilities | 945.6M | 1.2B | 2.1B | 294.6M | 388M | 383.7M | 276.6M | 307.1M | 375.3M |
| Shareholders' equity | -703.1M | -926M | -2B | 169.2M | 254.9M | 392.7M | 290M | 214.3M | 374.3M |
| Total debt | — | — | 0 | 43.8M | 100M | 100.3M | 14.3M | 19.9M | 24.6M |
| Net debt | — | — | -82.7M | -271.7M | -433.3M | -467.9M | -480.7M | -422M | -630.5M |
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 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 491.7M | 511.7M | 533.3M | 510.1M | 582.7M | 617.6M | 679.5M | 721M | 94.6M | 605.4M | 69.4M | 655.1M |
| Receivables | 7.3M | 7.4M | 6.5M | 3.6M | 2.8M | 3.3M | 3.2M | 3M | 335.6K | 2.2M | 218.3K | 972K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 540.3M | 559.2M | 577.5M | 548.5M | 615.5M | 655.3M | 723.5M | 761M | 99.9M | 652.6M | 74.7M | 710.6M |
| Property, plant & equipment | 54.5M | 52.4M | 62.3M | 65.3M | 60.9M | 56.7M | 51.7M | 44.4M | 5.3M | 36.1M | 4.4M | 35.6M |
| Goodwill & intangibles | 2.7M | 2.5M | 4.5M | 1.8M | 1.5M | 1.3M | 1.2M | 1.3M | 219.6K | 1.6M | 194.9K | 879K |
| Total assets | 599M | 615.1M | 642.9M | 616.2M | 678.2M | 713.7M | 776.3M | 806.6M | 105.4M | 701M | 79.4M | 749.6M |
| Accounts payable | 71.8M | 71.2M | 80.8M | 63M | 61M | 51.4M | 53.8M | 70.4M | 7.1M | 43.9M | 6.1M | 58.8M |
| Short-term debt | 44.7M | 68.1M | 82.9M | 66.6M | 63M | 60M | 92.1M | 75.6M | 2.9M | 20.3M | 1.5M | 14.6M |
| Total current liabilities | 314.8M | 356.5M | 366.5M | 316.7M | 341.8M | 339.2M | 371.5M | 347.3M | 38.7M | 274.3M | 38.2M | 365.4M |
| Long-term debt | 12.5M | 11.9M | 17.1M | 17M | 13.5M | 10.2M | 8.2M | 5.9M | 516.4K | 5.8M | 551.9K | 10M |
| Total liabilities | 332.2M | 373.1M | 388M | 337.9M | 359.5M | 353.7M | 383.7M | 356.9M | 39.8M | 280.1M | 38.8M | 375.3M |
| Shareholders' equity | 266.8M | 242M | 254.9M | 278.4M | 318.7M | 360M | 392.7M | 449.7M | 65.6M | 421M | 40.7M | 374.3M |
| Total debt | 57.3M | 80M | 100M | 83.6M | 76.5M | 70.2M | 100.3M | 81.4M | 3.5M | 26.1M | 2M | 24.6M |
| Net debt | -432.8M | -431.7M | -433.3M | -406.5M | -506.2M | -447.2M | -467.9M | -489.3M | -91.1M | -579.3M | -67.4M | -630.5M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -153.7M | -9.3M | -133M | -82.2M | -127.3M | 86.5M | -134.5M | -81M | 220.6M |
| Depreciation & amortization | 5.9M | 9.8M | 12.5M | 27.8M | 31.2M | 33.8M | 31.1M | 28.8M | 22.9M |
| Stock-based compensation | — | 0 | 0 | 50.7M | 37.4M | 29.2M | 26.8M | 14.2M | 4.5M |
| Change in working capital | 42.2M | 35.2M | 3M | -87K | -1.2M | -24.4M | -37.4M | -19.4M | 11.4M |
| Operating cash flow | -104.6M | 35.7M | -117.5M | -1.3M | -59.8M | 125.4M | -117M | -26.5M | 280M |
| Capital expenditure | -7.9M | -14.2M | -27.9M | -21M | -20.1M | -11.6M | — | — | — |
| Investing cash flow | -8.4M | -14.1M | -27.9M | -92.6M | 53M | -122.6M | 111M | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | 0 | 0 | -30.3M |
| Share repurchases | — | — | — | — | — | 0 | 0 | -10.2M | -28.8M |
| Financing cash flow | 237.8M | 0 | 0 | 267.1M | 192.9M | -62.5M | -186.6M | -14.2M | -73.4M |
| Net change in cash | 124.8M | 21.5M | -145.3M | 173.3M | 186.1M | -59.7M | -192.6M | -40.7M | 206.6M |
| Free cash flow | -44M | -3.5M | -125.1M | 17M | -61.4M | 124.4M | -124.3M | -38.6M | 275.9M |
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 | Q3 18 | Q4 18 | Q3 19 | Q4 19 |
|---|---|---|---|---|
| Net income | -1.5M | 2M | -48.5M | -28.9M |
| Depreciation & amortization | 2.7M | 2.5M | 3.3M | 4M |
| Stock-based compensation | — | — | — | — |
| Change in working capital | 4.1M | 28.6M | 11.1M | 2.9M |
| Operating cash flow | 5.3M | 33.2M | -34.1M | -22M |
| Capital expenditure | -2.8M | -3.2M | -12.4M | -3.8M |
| Investing cash flow | -2.8M | -3.2M | -12.4M | -3.8M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | 2.5M | 30M | -46.5M | -25.9M |
| Free cash flow | 8.6M | 43.8M | -38.9M | -42.1M |