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 | — | — | — | — | $168.9M | — |
| FY24 | — | — | — | — | $84.7M | — |
| FY23 | — | — | — | — | $45.9M | — |
| FY22 | — | — | — | — | $31.1M | — |
| FY21 | — | — | — | — | $21.2M | — |
| FY20 | — | — | — | — | $13M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $13M | $21.2M | $31.1M | $45.9M | $84.7M | $168.9M |
| YoY change | — | +62.8% | +46.9% | +47.4% | +84.6% | +99.4% |
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 | Q3 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 13M | 21.2M | 31.1M | 45.9M | 84.7M | 168.9M |
| Cost of revenue | 5.9M | 6.6M | 9.6M | 11.3M | 43.3M | 97.4M |
| Gross profit | 7.2M | 14.6M | 21.5M | 34.6M | 41.4M | 71.6M |
| Gross margin | 55% | 68.9% | 69.2% | 75.4% | 48.9% | 42.4% |
| Research & development | 54.3M | 59.2M | 76.4M | 51.4M | 70.6M | 98.3M |
| Selling, general & administrative | 18.9M | 20.8M | 50.8M | 47.2M | 82.4M | 143.8M |
| Operating expenses | 73.2M | 79.9M | 127.2M | 98.6M | 153M | 242.1M |
| Operating income | -66M | -65.3M | -105.7M | -64.1M | -118.7M | -186.4M |
| Operating margin | -507.1% | -308.2% | -339.5% | -139.6% | -140.1% | -110.3% |
| Non-operating income, net | -5.6M | -5.4M | -1.6M | -6.3M | -237.4M | 168M |
| Pretax income | -73.7M | -79.1M | -113.8M | -85M | -359.9M | -9.3M |
| Income tax | 738K | 456K | 2.9M | 3.9M | -9.2M | 4.7M |
| Net income | -74.4M | -79.5M | -116.7M | -88.9M | -350.7M | -14M |
| Net margin | -571.6% | -375.2% | -374.9% | -193.9% | -414.1% | -8.29% |
| EBITDA | -59.8M | -56.7M | -98M | -55.3M | -92M | -139.4M |
| EPS | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — |
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 | 13.3M | 17.1M | 11.6M | 13.5M | 25.1M | 34.5M | 29.1M | 42.7M | 42M | 55.1M | 44.2M | 61.9M |
| Cost of revenue | 3.6M | 3.9M | 4.7M | 5M | 12.9M | 20.8M | 18.5M | 26M | 24.1M | 28.7M | 30.5M | 34M |
| Gross profit | 9.7M | 13.2M | 6.9M | 8.5M | 12.2M | 13.8M | 10.6M | 16.7M | 17.9M | 26.4M | 13.7M | 27.9M |
| Gross margin | 72.9% | 77.2% | 59.7% | 63% | 48.6% | 39.9% | 36.5% | 39% | 42.6% | 47.9% | 31.1% | 45.1% |
| Research & development | 12.8M | 12.7M | 14.9M | 15.7M | 19.5M | 20.4M | 24.8M | 25.8M | 22.8M | 24.8M | 26.2M | 27.1M |
| Selling, general & administrative | 11.4M | 12.1M | 15.8M | 15.2M | 25.4M | 26M | 30.4M | 34.1M | 40.7M | 38.6M | 44.9M | 42.6M |
| Operating expenses | 24.2M | 24.8M | 30.7M | 30.9M | 44.9M | 46.4M | 55.2M | 59.9M | 63.6M | 63.5M | 71.1M | 69.8M |
| Operating income | -14.5M | -11.6M | -24.4M | -23.1M | -35.1M | -36.1M | -48M | -46.7M | -49.6M | -42.1M | -62.1M | -47M |
| Operating margin | -109.5% | -67.6% | -210.2% | -171.3% | -140% | -104.6% | -164.8% | -109.4% | -118.1% | -76.4% | -140.4% | -75.9% |
| Non-operating income, net | 132K | -140K | -4.5M | -12.4M | 1.7M | -222.3M | 176.8M | -29M | -61.8M | 82M | 36.2M | 4.6M |
| Pretax income | -18.6M | -16.4M | -32.7M | -36.7M | -32.2M | -258.3M | 130.8M | -73.5M | -108.8M | 42.3M | -24.2M | -40.6M |
| Income tax | 1.6M | 1.6M | 295K | 638K | -10.5M | 311K | 819K | 1.3M | 457K | 2.2M | 798K | 2.2M |
| Net income | -20.2M | -18M | -33M | -37.3M | -21.8M | -258.6M | 129.9M | -74.7M | -109.3M | 40.1M | -25M | -42.8M |
| Net margin | -152.2% | -105% | -284.7% | -277.2% | -86.7% | -748.6% | 446.1% | -175.1% | -259.9% | 72.8% | -56.6% | -69.2% |
| EBITDA | -13.2M | -6.4M | -20.7M | -17.3M | -28.6M | -25.4M | -38M | -34.3M | -38.2M | -28.9M | -50.2M | -32.2M |
| EPS | — | — | — | — | — | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 0 |
| Enterprise value | — | — | — | — | — | — | -244.3M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | — | 0.51 |
| EV/EBITDA | — | — | — | — | — | — | 1.75 |
| EV/Sales | — | — | — | — | — | — | -1.45 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 55% | 68.9% | 69.2% | 75.4% | 48.9% | 42.4% | 45.1% |
| Operating margin | -507.1% | -308.2% | -339.5% | -139.6% | -140.1% | -110.3% | -75.9% |
| Net margin | -571.6% | -375.2% | -374.9% | -193.9% | -414.1% | -8.29% | -67.5% |
| ROE | 26.9% | 23.2% | 319.2% | -315.7% | -192% | -3.02% | -32.2% |
| ROA | -116.9% | -161.7% | -307.3% | -58.9% | -63.3% | -2.04% | -19.5% |
| ROIC | 21.8% | 22.4% | 6.3K% | -277.7% | 1.1K% | -84.9% | -68.5% |
| Return on tangible assets | -116.9% | -161.7% | -307.3% | -58.9% | -53.1K% | -17.3% | -319.3% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 2 | 0.31 | 0.46 | 4.69 | 3.77 | 4.59 | 3.91 |
| Quick ratio | 2 | 0.31 | 0.46 | 4.69 | 3.77 | 4.59 | 3.91 |
| Debt / equity | -0.06 | -0.21 | -1.21 | 3.2 | 0.02 | 0.01 | 0.01 |
| Debt / assets | 0.26 | 1.49 | 1.16 | 0.6 | 0.01 | 0.01 | 0.01 |
| Net debt / EBITDA | 0.45 | -0.91 | -0.36 | 0.09 | 2.11 | 1.75 | 1.32 |
| Interest coverage | -31.5 | -8.48 | -15.5 | -3.84 | -28.6 | -12.8 | -329.2 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | — | — | — | — | 0.48 |
| EPS (diluted) | — | — | — | — | — | — | -6.57 |
| Book value per share | — | — | — | — | — | — | 1.13 |
| FCF per share | — | — | — | — | — | — | -0.1 |
| Cash per share | — | — | — | — | — | — | 0.46 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 16.6% | 3% | 4.27% | 0.85% | 0.76% | 2.37% | 4.63% |
| Capex / operating cash flow | -4.09% | -0.85% | -1.41% | -0.51% | -0.51% | -4.07% | -8.21% |
| Dividend yield | — | — | — | — | — | — | 1.1K% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Mar 23, 2023 | $1.60 |
| Mar 24, 2022 | $1.50 |
| Mar 26, 2021 | $1.50 |
| Mar 27, 2019 | $1.50 |
| Mar 21, 2018 | $1.45 |
| Mar 23, 2017 | $0.20 |
| Mar 23, 2016 | $1.30 |
| Mar 25, 2015 | $1.30 |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $13.3M | $17.1M | $11.6M | $13.5M | $25.1M | $34.5M | $29.1M | $42.7M | $42M | $55.1M | $44.2M | $61.9M |
| YoY change | +18.6% | +80.5% | +72.9% | +53.8% | +89.1% | +101.5% | +151.2% | +217.1% | +67.6% | +59.4% | +51.7% | +45% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 43.7M | 21.6M | 9.2M | 95.3M | 198.2M | 248.5M |
| Receivables | 3.6M | 2.1M | 3.4M | 4M | 23.2M | 32.3M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 48.9M | 27.5M | 17.7M | 113.5M | 255.5M | 329.1M |
| Property, plant & equipment | 10.4M | 16.4M | 11.6M | 6.7M | 5.9M | 6.7M |
| Goodwill & intangibles | — | — | — | — | 553.3M | 607.3M |
| Total assets | 63.6M | 49.2M | 38M | 151.1M | 554M | 688.2M |
| Accounts payable | 3.3M | 3.8M | 2.8M | 1.7M | 5.6M | 10.6M |
| Short-term debt | 2.3M | 64.4M | 20.1M | 2.8M | 1.9M | 2.1M |
| Total current liabilities | 24.5M | 87.7M | 38.6M | 24.2M | 67.7M | 71.7M |
| Long-term debt | 14.3M | 8.9M | 24M | 87.4M | 2.4M | 2.1M |
| Total liabilities | 340M | 392.4M | 74.6M | 123M | 371.3M | 224.4M |
| Shareholders' equity | -276.4M | -343.2M | -36.6M | 28.2M | 182.7M | 463.8M |
| Total debt | 16.6M | 73.3M | 44.1M | 90.2M | 4.3M | 4.2M |
| Net debt | -27.1M | 51.7M | 34.9M | -5.1M | -193.9M | -244.3M |
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 | 96.1M | 95.3M | 211.7M | 200.2M | 135.6M | 198.2M | 245.8M | 230.3M | 268.9M | 248.5M | 215.6M | 202.8M |
| Receivables | 3.4M | 4M | 6.8M | 5.1M | 13.6M | 23.2M | 20.2M | 19.7M | 22.4M | 32.3M | 30.1M | 27.1M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 109.4M | 113.5M | 234M | 224.1M | 181.2M | 255.5M | 295.1M | 282M | 335.4M | 329.1M | 288.8M | 277M |
| Property, plant & equipment | 7.7M | 6.7M | 5.9M | 5.6M | 5.4M | 5.9M | 6.1M | 5.5M | 7.1M | 6.7M | 8.8M | 7.7M |
| Goodwill & intangibles | — | — | 34.7M | 38.4M | 588.6M | 553.3M | 537.3M | 522.2M | 626.7M | 607.3M | 588.6M | 625M |
| Total assets | 144M | 151.1M | 287.4M | 266.7M | 499.7M | 554M | 587.5M | 579.5M | 702.2M | 688.2M | 645M | 667.9M |
| Accounts payable | 2.2M | 1.7M | 3M | 4.3M | 17.8M | 5.6M | 6.7M | 10.2M | 6.9M | 10.6M | 8M | 7.6M |
| Short-term debt | 2.9M | 2.8M | 2.9M | 2.3M | 1.9M | 1.9M | 2.1M | 2.1M | 2.3M | 2.1M | 3M | 2.7M |
| Total current liabilities | 21.4M | 24.2M | 26.5M | 25.5M | 70.2M | 67.7M | 60M | 58.3M | 65.1M | 71.7M | 73.3M | 70.9M |
| Long-term debt | 87M | 87.4M | 87.6M | 2.2M | 41.9M | 2.4M | 2.5M | 2.3M | 2.5M | 2.1M | 3.2M | 2.8M |
| Total liabilities | 118.1M | 123M | 131.9M | 42.7M | 203.7M | 371.3M | 190.5M | 219.7M | 303M | 224.4M | 184.3M | 177.5M |
| Shareholders' equity | 25.9M | 28.2M | 155.5M | 223.9M | 296M | 182.7M | 397M | 359.8M | 399.2M | 463.8M | 460.7M | 490.4M |
| Total debt | 89.9M | 90.2M | 90.5M | 4.5M | 43.8M | 4.3M | 4.6M | 4.4M | 4.8M | 4.2M | 6.2M | 5.4M |
| Net debt | -6.3M | -5.1M | -121.3M | -195.6M | -91.8M | -193.9M | -241.2M | -226M | -264.1M | -244.3M | -209.4M | -197.3M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -74.4M | -79.5M | -116.7M | -88.9M | -350.7M | -14M |
| Depreciation & amortization | 6M | 9.1M | 7.2M | 5.7M | 18.7M | 37M |
| Stock-based compensation | 5.9M | 6.3M | 28.8M | 27.9M | 33.1M | 80.6M |
| Change in working capital | 10.8M | -15.3M | -18.3M | -27.2M | -39M | -34.2M |
| Operating cash flow | -52.9M | -74.6M | -94.6M | -77M | -126.3M | -98.2M |
| Capital expenditure | -2.2M | -636K | -1.3M | -392K | -640K | -4M |
| Investing cash flow | 11.4M | -636K | -1.3M | -392K | -12.4M | -58.6M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 53M | 44.7M | 82M | 168.2M | 210.9M | 208M |
| Net change in cash | 11.6M | -30.6M | -13.9M | 90.8M | 72.2M | 51.1M |
| Free cash flow | -48.5M | -66.8M | -95.3M | -68.7M | -109.5M | -103.1M |
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 | -20.2M | -18M | -33M | -37.3M | -21.8M | -258.6M | 129.9M | -74.7M | -109.3M | 40.1M | -25M | -42.8M |
| Depreciation & amortization | -1.2M | 3.7M | 2.2M | 2M | 3.9M | 10.6M | 8.4M | 8.5M | 9.3M | 10.8M | 10.8M | 11.9M |
| Stock-based compensation | 6.7M | 7.3M | 7M | 7.3M | 9.1M | 9.9M | 17.4M | 23.8M | 19.7M | 19.7M | 18.5M | 20.6M |
| Change in working capital | -6.6M | -10.2M | -2.6M | -4.2M | -16.4M | -15.8M | 10M | -15.1M | -20.9M | -8.2M | 1.6M | -25.7M |
| Operating cash flow | -16.8M | -17.8M | -21.2M | -34.1M | -33.9M | -37.1M | -9.4M | -24.5M | -32.7M | -21.9M | -26.3M | -33.7M |
| Capital expenditure | -41K | -58K | -99K | -236K | -225K | -80K | -162K | — | -1.8M | -2.2M | -2.6M | -2.8M |
| Investing cash flow | -41K | -58K | -3.8M | -1M | -7.5M | -80K | -162K | 0 | -56.4M | -2.2M | -2.6M | -2.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | 0 | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 617K | 13.1M | 133.8M | 3.2M | -21.6M | 95.4M | 66.3M | 10.3M | 127.9M | 3.5M | -3.6M | 50.3M |
| Net change in cash | -16.2M | -4.8M | 108.8M | -31.9M | -62.9M | 58.2M | 56.8M | -14.2M | 38.8M | -20.6M | -32.5M | 13.8M |
| Free cash flow | -20.2M | -13.9M | -22M | -18.7M | -35.5M | -33.2M | -19.3M | -24.7M | -34.7M | -24.4M | -29.3M | -36.9M |