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 % |
|---|---|---|---|---|---|---|
| Q3 26 | $0.13 | $0.41 | +215.4% | — | $720.8M | — |
| Q2 26 | $0.11 | $0.45 | +309.1% | — | $676.5M | — |
| Q1 26 | $0.09 | $0.4 | +344.4% | — | $630M | — |
| Q4 25 | $0.08 | $0.58 | +625.0% | — | $618.5M | — |
| Q3 25 | $0.05 | $0.07 | +40.0% | — | $592.1M | — |
| Q2 25 | $0.05 | $0.05 | 0.0% | — | $549.7M | — |
| Q1 25 | $0.03 | $0.32 | +966.7% | — | $486.7M | — |
| Q4 24 | $0.06 | $0.47 | +683.3% | — | $503.6M | — |
| Q3 24 | $0.06 | $0.27 | +350.0% | — | $470.3M | — |
| Q2 24 | $0.02 | $0.32 | +1500.0% | — | $393.3M | — |
| Q1 24 | $0.02 | $0.21 | +950.0% | — | $359.9M | — |
| Q4 23 | -$0.12 | -$0.08 | +33.3% | — | $391.9M | — |
| Q3 23 | -$0.02 | -$0.03 | -50.0% | — | $311.8M | — |
| Q2 23 | -$0.03 | -$0.1 | -233.3% | — | $266.9M | — |
| Q1 23 | -$0.06 | -$0.09 | -50.0% | — | $206.3M | — |
| Q4 22 | -$0.04 | -$0.1 | -150.0% | — | $244.4M | — |
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 | — | -$0.16 | — | — | $2.2B | — |
| FY24 | — | -$0.08 | — | — | $1.8B | — |
| FY23 | — | -$0.37 | — | — | $1.2B | — |
| FY22 | — | -$0.13 | — | — | $593.3M | — |
| FY21 | — | $0 |
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 | $100.1M | $92.1M | $251.9M | $593.3M | $1.2B | $1.8B | $2.2B |
| YoY change | — | -8.03% | +173.6% | +135.5% | +98.4% | +51.9% | +25.7% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 23 | Q1 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 | 100.1M | 92.1M | 251.9M | 593.3M | 1.2B | 1.8B | 2.2B |
| Cost of revenue | 120.1M | 111M | 241.5M | 493.7M | 987.2M | 1.5B | 1.8B |
| Gross profit | -20M | -18.9M | 10.4M | 99.6M | 189.7M | 245.7M | 422.6M |
| Gross margin | -19.9% | -20.6% | 4.15% | 16.8% | 16.1% | 13.7% | 18.8% |
| Research & development | 49.1M | 55.9M | 73.4M | 124.1M | 195M | 173.5M | 216M |
| Selling, general & administrative | 36.7M | 35.6M | 59.4M | 115.9M | 217.9M | 188.9M | 298.7M |
| Operating expenses | 85.8M | 91.4M | 132.8M | 240M | 413M | 362.4M | 514.7M |
| Operating income | -105.8M | -110.4M | -122.4M | -140.4M | -223.2M | -116.7M | -92.1M |
| Operating margin | -105.7% | -119.9% | -48.6% | -23.7% | -19% | -6.53% | -4.1% |
| Non-operating income, net | 1.4M | 809K | 67K | 1.3M | 10.7M | 37M | 13.2M |
| Pretax income | -104.4M | -109.6M | -122.3M | -139.1M | -212.5M | -79.7M | -78.9M |
| Income tax | 0 | -47K | 0 | 0 | -4.6M | 4.2M | -1.6M |
| Net income | -104.4M | -109.5M | -122.3M | -139.1M | -207.9M | -84.7M | -91M |
| Net margin | -104.2% | -118.9% | -48.6% | -23.4% | -17.7% | -4.74% | -4.05% |
| EBITDA | -98.4M | -104.6M | -117.9M | -134.4M | -211.9M | -93.2M | -25.1M |
| EPS | -2.56 | 0 | 0 | -0.13 | -0.37 | -0.08 | -0.16 |
| Diluted EPS | -2.56 | 0 | 0 | -0.13 | -0.37 | -0.08 | -0.16 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 391.9M | 359.9M | 393.3M | 470.3M | 503.6M | 486.7M | 549.7M | 592.1M | 618.5M | 630M | 676.5M | 720.8M |
| Cost of revenue | 333.1M | 295.9M | 363.1M | 415.4M | 439.6M | 406.7M | 441.8M | 484.5M | 491.3M | 496.6M | 526.5M | 559.9M |
| Gross profit | 58.8M | 64.1M | 30.2M | 55M | 64M | 80M | 107.8M | 107.6M | 127.1M | 133.4M | 150M | 160.9M |
| Gross margin | 15% | 17.8% | 7.68% | 11.7% | 12.7% | 16.4% | 19.6% | 18.2% | 20.6% | 21.2% | 22.2% | 22.3% |
| Research & development | 45.8M | 42.1M | 46.5M | 44.7M | 40.1M | 43.6M | 61.5M | 52.1M | 58.7M | 43M | 51.3M | 43.8M |
| Selling, general & administrative | 66.9M | 47M | 48.7M | 47.9M | 45.4M | 61.1M | 78.3M | 75.7M | 83.6M | 81.2M | 92.6M | 84.2M |
| Operating expenses | 112.7M | 89.2M | 95.1M | 92.6M | 85.5M | 104.7M | 139.9M | 127.8M | 142.4M | 124.2M | 143.8M | 128M |
| Operating income | -53.9M | -25.1M | -64.9M | -37.6M | -21.5M | -24.6M | -32.1M | -20.2M | -15.3M | 9.2M | 6.1M | 32.9M |
| Operating margin | -13.8% | -6.97% | -16.5% | -8% | -4.28% | -5.06% | -5.83% | -3.41% | -2.47% | 1.46% | 0.9% | 4.56% |
| Non-operating income, net | 3.7M | 6.2M | 9.8M | 11.6M | 9.4M | 7.8M | 11.7M | -7.9M | 1.6M | 10.6M | 10.8M | 30.6M |
| Pretax income | -50.3M | -18.9M | -55.1M | -26M | -12.1M | -16.8M | -20.3M | -28.1M | -13.7M | 19.8M | 16.9M | 63.5M |
| Income tax | -4.9M | 172K | -252K | 182K | 4.2M | 150K | -1.4M | 44K | -423K | 615K | 572K | -1.1M |
| Net income | -45.4M | -19.1M | -54.8M | -26.7M | -16.5M | -18.5M | -21.4M | -31.9M | -19.1M | 13.4M | 9.4M | 55M |
| Net margin | -11.6% | -5.3% | -13.9% | -5.68% | -3.29% | -3.81% | -3.9% | -5.39% | -3.1% | 2.12% | 1.39% | 7.63% |
| EBITDA | -49.2M | -21.9M | -61.7M | -26.9M | -15.1M | -17M | -19.8M | 10.4M | 1.3M | 22M | 20M | 40.2M |
| EPS | -0.08 | -0.02 | -0.09 | -0.02 | 0.05 | -0.03 | -0.04 | -0.05 | -0.03 | 0.02 | 0.02 | 0.09 |
| Diluted EPS | -0.08 | -0.02 | -0.09 | -0.02 | 0.05 | -0.03 | -0.04 | -0.05 | -0.03 | 0.02 | 0.01 | 0.09 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 25.4B |
| Enterprise value | — | — | — | — | — | — | — | 4.4B |
| Shares outstanding | 50.7M | 50.7M | 50.7M | 54.1M | 64.3M | 95.7M | 108.7M | 108.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 1.1K |
| P/S | — | — | — | — | — | — | — | 9.95 |
| P/B | — | — | — | — | — | — | — | 8.05 |
| EV/EBITDA | — | — | — | — | — | — | — | 76.9 |
| EV/Sales | — | — | — | — | — | — | — | 1.64 |
| Earnings yield | — | — | — | — | — | — | — | 0.09% |
| FCF yield | — | — | — | — | — | — | — | 2.15% |
| PEG | — | — | — | — | — | — | — | -3.88 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -19.9% | -20.6% | 4.15% | 16.8% | 16.1% | 13.7% | 18.8% | 22.3% |
| Operating margin | -105.7% | -119.9% | -48.6% | -23.7% | -19% | -6.53% | -4.1% | 4.59% |
| Net margin | -104.2% | -118.9% | -48.6% | -23.4% | -17.7% | -4.74% | -4.05% | 0.31% |
| ROE | — | 13% | 11% | -201.8% | 7.7K% | -21.7% | -18.8% | 4.39% |
| ROA | — | -48.7% | -43.6% | -22% | -19.8% | -5.36% | -3.79% | 0.32% |
| ROIC | — | 12.2% | 9.64% | 49.3% | 40.7% | 34.6% | 12.1% | -5.38% |
| Return on tangible assets | — | -49.4% | -44% | -22.1% | -19.8% | -5.39% | -4.29% | 1.81% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.44 | 0.77 | 1.16 | 0.97 | 1.33 | 1.09 | 1.33 |
| Quick ratio | — | 1.33 | 0.67 | 0.98 | 0.83 | 1.23 | 1 | 1.23 |
| Debt / equity | — | — | — | — | — | — | — | 0.02 |
| Net debt / EBITDA | — | — | — | — | — | — | — | -20.6 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.98 | 1.82 | 4.97 | 11 | 18.3 | 18.7 | 20.7 | 22 |
| EPS (basic) | -2.56 | 0 | 0 | -0.13 | -0.37 | -0.08 | -0.16 | -0.16 |
| EPS (diluted) | -2.56 | 0 | 0 | -0.13 | -0.37 | -0.08 | -0.16 | 0.04 |
| Book value per share | — | -16.7 | -22 | 1.27 | -0.04 | 4.08 | 4.45 | 5.4 |
| FCF per share | 0.25 | -2.55 | 1.92 | -3.07 | 3.26 | -1.07 | 7.25 | 5.53 |
| Cash per share | — | 1.15 | 3.09 | 6.54 | 8.48 | 7.6 | 11.5 | 13.4 |
| Capex per share | 0.09 | 0.1 | 0.24 | 0.33 | 0.24 | 0.44 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 4.32% | 5.51% | 4.83% | 3.03% | 1.33% | 2.36% | — | — |
| Capex / operating cash flow | 27.8% | -4.05% | 13.6% | -25.6% | 7.14% | -523.4% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $251.9M |
| — |
| FY20 | — | $0 | — | — | $92.1M | — |
| FY19 | — | -$2.56 | — | — | $100.1M | — |
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 26 |
|---|
| Revenue | $391.9M | $359.9M | $393.3M | $470.3M | $503.6M | $486.7M | $549.7M | $592.1M | $618.5M | $630M | $676.5M | $720.8M |
| YoY change | +60.3% | +74.5% | +47.4% | +50.8% | +28.5% | +35.2% | +39.7% | +25.9% | +22.8% | +29.4% | +23.1% | +21.7% |
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 | 58.3M | 156.6M | 353.5M | 545.5M | 727.3M | 1.2B |
| Receivables | 2.5M | 63.4M | 3.4M | 69.2M | 201.5M | 186.7M |
| Inventory | 16.5M | 33.6M | 91.9M | 136.1M | 106.1M | 164.4M |
| Total current assets | 211.5M | 260.4M | 605.4M | 991.8M | 1.4B | 1.9B |
| Property, plant & equipment | 9.2M | 18.6M | 24.9M | 34.5M | 97.1M | 117.6M |
| Goodwill & intangibles | 3.1M | 2.3M | 1.3M | 434K | 7.3M | 278M |
| Total assets | 225M | 280.5M | 631.3M | 1.1B | 1.6B | 2.4B |
| Accounts payable | 6M | 28M | 68.4M | 109.9M | 175.2M | 286.7M |
| Short-term debt | — | — | — | — | — | — |
| Total current liabilities | 146.6M | 337M | 523M | 1B | 1B | 1.7B |
| Long-term debt | — | — | — | — | — | — |
| Total liabilities | 1.1B | 1.4B | 562.3M | 1.1B | 1.2B | 1.9B |
| Shareholders' equity | -844.5M | -1.1B | 68.9M | -2.7M | 390.1M | 483.2M |
| Total debt | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 545.5M | — | — | — | 727.3M | 903M | 954.9M | 777.6M | 1.2B | 1.8B | 2B | 1.7B |
| Receivables | 69.2M | — | — | — | 201.5M | 134.4M | 137.6M | 136.2M | 186.7M | 107.6M | 132.6M | 288.5M |
| Inventory | 136.1M | — | — | — | 106.1M | 108.7M | 146.3M | 138.9M | 164.4M | 183.7M | 201.2M | 220.8M |
| Total current assets | 991.8M | — | — | — | 1.4B | 1.5B | 1.5B | 1.4B | 1.9B | 2.5B | 2.9B | 2.9B |
| Property, plant & equipment | 34.5M | — | — | — | 97.1M | 105.1M | 123.7M | 73M | 117.6M | 115.7M | 146.5M | 158.6M |
| Goodwill & intangibles | 434K | — | — | — | 7.3M | 29.9M | 388.9M | 286.9M | 278M | 270.5M | 294.2M | 286.2M |
| Total assets | 1.1B | — | — | — | 1.6B | 1.7B | 2B | 1.8B | 2.4B | 3B | 3.5B | 3.5B |
| Accounts payable | 109.9M | — | — | — | 175.2M | 206.3M | 220M | 215.6M | 286.7M | 266.1M | 293.7M | 327.8M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 1B | — | — | — | 1B | 1.2B | 1.5B | 1.3B | 1.7B | 1.8B | 2B | 2.1B |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 1.1B | — | — | — | 1.2B | 1.3B | 1.5B | 1.4B | 1.9B | 2B | 2.5B | 2.4B |
| Shareholders' equity | -2.7M | — | — | — | 390.1M | 393.9M | 421.6M | 443.4M | 483.2M | 960.2M | 1B | 1.1B |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | -104.4M | -109.5M | -122.3M | -139.1M | -207.9M | -84.7M | -91M |
| Depreciation & amortization | 7.4M | 5.7M | 4.5M | 6M | 11.3M | 23.5M | 44.1M |
| Stock-based compensation | 22K | 71K | 97K | 26.9M | 154.2M | 112.2M | 183.9M |
| Change in working capital | 112.6M | -21.3M | 207.3M | 36.1M | 266.7M | -63M | 633.3M |
| Operating cash flow | 15.6M | -125.1M | 89.6M | -70.1M | 219.8M | -8.1M | 866.9M |
| Capital expenditure | -4.3M | -5.1M | -12.2M | -17.9M | -15.7M | -42.2M | — |
| Investing cash flow | -4.3M | -5.1M | -12.2M | -17.9M | -293.8M | 158.6M | -271.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 200M | 0 | 84.7M | -26.7M | 206.6M | -4.2M |
| Net change in cash | 11.2M | 69.9M | 77.4M | -3.4M | -100.7M | 357.1M | 591M |
| Free cash flow | 12.9M | -129.4M | 97.4M | -166.2M | 209.5M | -102.5M | 787.9M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -45.4M | -19.1M | -54.8M | -26.7M | -16.5M | -18.5M | -23.1M | -45.2M | -19.1M | 13.4M | 9.4M | 55M |
| Depreciation & amortization | 4.7M | 3.2M | 3.2M | 10.7M | 6.4M | 7.6M | 12.3M | 14.2M | 10M | 10.1M | 13.9M | 7.3M |
| Stock-based compensation | 32.5M | 29.5M | 28.1M | 29.3M | 25.4M | 26.8M | 45.5M | 64M | 64.4M | 45.9M | 48.5M | 48.4M |
| Change in working capital | 66.2M | -26.9M | 46.6M | -57.2M | -51.1M | 132.4M | 213.3M | -153.1M | 442.3M | 156.2M | 346M | -261.6M |
| Operating cash flow | 57.9M | -13.3M | 23M | -43.9M | -35.9M | 148.3M | 248M | -138.3M | 530.7M | 191.5M | 261.3M | -147.3M |
| Capital expenditure | 4.7M | -2.2M | -2.5M | -16.8M | -20.7M | -7.4M | — | — | — | — | — | — |
| Investing cash flow | -22.4M | 99.5M | 137.2M | -33.3M | -44.7M | -25.3M | 0 | -24.2M | -29.5M | -38.5M | -31.5M | -73.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -15M | -56K | -3.1M | -47.7M | -561K | -3.9M | -382K | 57K | 0 | 423.1M | -61K | 14K |
| Net change in cash | 20.5M | 86.1M | 157.1M | -124.8M | -81.2M | 119.1M | 247.6M | -162.5M | 501.2M | 576.2M | 229.8M | -220.7M |
| Free cash flow | 43.6M | -33.1M | 18.2M | 33.2M | -120.8M | 197.7M | 249M | -153.2M | 494.4M | 189.5M | 218M | -164.6M |