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 | -$0.15 | -$0.04 | +73.3% | — | $382.5M | — |
| Q1 26 | -$0.2 | -$0.13 | +35.0% | — | $348.1M | — |
| Q4 25 | -$0.05 | -$0.04 | +20.0% | — | $367.2M | — |
| Q3 25 | -$0.18 | -$0.11 | +38.9% | — | $334.2M | — |
| Q2 25 | -$0.25 | -$0.22 | +12.0% | — | $314.6M | — |
| Q1 25 | -$0.27 | -$0.24 | +11.1% | — | $255.7M | — |
| Q4 24 | -$0.15 | -$0.18 | -20.0% | — | $200.7M | — |
| Q3 24 | -$0.31 | -$0.25 | +19.4% | — | $180.9M | — |
| Q2 24 | -$1.79 | -$0.63 | +64.8% | — | $166M | — |
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 | — | -$1.41 | — | — | $1.3B | — |
| FY24 | — | -$6.23 | — | — | $693.4M | — |
| FY23 | — | -$1.61 | — | — | $531.8M | — |
| FY22 | — | -$2.08 | — | — | $320.7M | — |
| FY21 | — |
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 | $62.1M | $188M | $257.9M | $320.7M | $531.8M | $693.4M | $1.3B |
| YoY change | — | +203% | +37.2% | +24.4% | +65.8% | +30.4% | +83.4% |
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 |
|---|
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 | 62.1M | 188M | 257.9M | 320.7M | 531.8M | 693.4M | 1.3B |
| Cost of revenue | 46M | 159.3M | 174.2M | 190.5M | 245.6M | 312.3M | 473.9M |
| Gross profit | 16M | 28.7M | 83.6M | 130.2M | 286.2M | 381.1M | 797.9M |
| Gross margin | 25.9% | 15.3% | 32.4% | 40.6% | 53.8% | 55% | 62.7% |
| Research & development | 56.9M | 91.3M | 128.4M | 162.3M | 185.5M | 316.8M | 319M |
| Selling, general & administrative | 79M | 130.9M | 199M | 233.4M | 296.8M | 755.4M | 715.4M |
| Operating expenses | 135.8M | 222.2M | 327.4M | 395.6M | 482.3M | 1.1B | 1B |
| Operating income | -119.8M | -193.5M | -243.7M | -265.4M | -196.1M | -691.1M | -252.9M |
| Operating margin | -193% | -102.9% | -94.5% | -82.8% | -36.9% | -99.7% | -19.9% |
| Non-operating income, net | -2K | -466K | -316K | -4.8M | 21.8M | 32.3M | 19.4M |
| Pretax income | -115M | -211.4M | -258.6M | -289.1M | -213.5M | -701.3M | -291.1M |
| Income tax | 0 | 0 | 0 | 66K | 288K | 266K | -51.7M |
| Net income | -115M | -209.9M | -259.2M | -289.8M | -214.1M | -705.8M | -245M |
| Net margin | -185.2% | -111.6% | -100.5% | -90.4% | -40.3% | -101.8% | -19.3% |
| EBITDA | -99.9M | -169.4M | -219.5M | -236.8M | -133.3M | -610.4M | -106.5M |
| EPS | -0.92 | -1.58 | -1.85 | -2.08 | -1.61 | -6.23 | -1.41 |
| Diluted EPS | -0.92 | -1.58 | -1.85 | -2.08 | -1.61 | -6.23 | -1.41 |
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 | 136.1M | 147.7M | 145.8M | 166M | 180.9M | 200.7M | 255.7M | 314.6M | 334.2M | 367.2M | 348.1M | 382.5M |
| Cost of revenue | 62M | 66.2M | 68.1M | 90.5M | 75.1M | 78.6M | 100.5M | 119.6M | 124.3M | 129.5M | 126.1M | 136M |
| Gross profit | 74M | 81.5M | 77.7M | 75.5M | 105.8M | 122.1M | 155.2M | 195M | 209.9M | 237.7M | 222M | 246.5M |
| Gross margin | 54.4% | 55.2% | 53.3% | 45.5% | 58.5% | 60.8% | 60.7% | 62% | 62.8% | 64.7% | 63.8% | 64.4% |
| Research & development | 47.4M | 48.7M | 51.4M | 145.9M | 58M | 61.5M | 69.3M | 76.1M | 83M | 90.6M | 94.2M | 96.6M |
| Selling, general & administrative | 71.4M | 85.1M | 79.6M | 463.1M | 101.4M | 111.3M | 154.6M | 180.7M | 187.9M | 192.2M | 212.6M | 225.8M |
| Operating expenses | 118.8M | 133.8M | 131M | 609M | 159.5M | 172.8M | 223.9M | 256.8M | 270.9M | 282.8M | 306.8M | 322.4M |
| Operating income | -44.8M | -52.3M | -53.3M | -533.5M | -53.6M | -50.7M | -68.7M | -61.8M | -61M | -61.4M | -84.7M | -75.9M |
| Operating margin | -32.9% | -35.4% | -36.5% | -321.4% | -29.6% | -25.3% | -26.9% | -19.6% | -18.3% | -16.7% | -24.3% | -19.8% |
| Non-operating income, net | 2.3M | 13.9M | 749K | -7M | -11.5M | 50.2M | -27.5M | 41.7M | -9.4M | 14.6M | -27.7M | 91.1M |
| Pretax income | -53.4M | -50.3M | -64.7M | -552.1M | -74.1M | -10.4M | -112.3M | -40.5M | -81.2M | -57M | -122.9M | 8.8M |
| Income tax | 65K | 214K | 11K | 95K | 38K | 122K | -46.2M | 212K | 276K | -6M | -62K | 309K |
| Net income | -53.4M | -50.5M | -64.7M | -552.2M | -75.8M | -13M | -68M | -42.8M | -80M | -54.2M | -125.9M | 5.6M |
| Net margin | -39.3% | -34.2% | -44.4% | -332.7% | -41.9% | -6.48% | -26.6% | -13.6% | -23.9% | -14.8% | -36.2% | 1.48% |
| EBITDA | -32.6M | -28.1M | -42.3M | -529.7M | -50.9M | 12.5M | -74M | 9.1M | -26.8M | -14.8M | -82.4M | 56.7M |
| EPS | -0.41 | — | -3.56 | -6.86 | -0.46 | — | -0.4 | -0.25 | -0.46 | — | -0.7 | 0.03 |
| Diluted EPS | -0.41 | — | -3.56 | -6.86 | -0.46 | — | -0.4 | -0.25 | -0.46 | — | -0.71 | 0.03 |
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 | — | — | — | — | — | — | — | 15.4B |
| Enterprise value | — | — | — | — | — | — | — | 16B |
| Shares outstanding | 160.7M | 160.7M | 160.7M | 160.7M | 164.8M | 119.8M | 174.3M | 174.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 39.3 |
| P/S | — | — | — | — | — | — | — | 10.7 |
| P/B | — | — | — | — | — | — | — | 34.4 |
| EV/EBITDA | — | — | — | — | — | — | — | -82.6 |
| EV/Sales | — | — | — | — | — | — | — | 11.2 |
| Earnings yield | — | — | — | — | — | — | — | 2.54% |
| FCF yield | — | — | — | — | — | — | — | -0.61% |
| PEG | — | — | — | — | — | — | — | -0.35 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 25.9% | 15.3% | 32.4% | 40.6% | 53.8% | 55% | 62.7% | 64.4% |
| Operating margin | -193% | -102.9% | -94.5% | -82.8% | -36.9% | -99.7% | -19.9% | -20.1% |
| Net margin | -185.2% | -111.6% | -100.5% | -90.4% | -40.3% | -101.8% | -19.3% | -17.8% |
| ROE | 45.2% | 40.9% | 32.1% | 25.7% | 15.5% | -1.3K% | -49.9% | -67.4% |
| ROA | -31.1% | -27.9% | -48.8% | -45.9% | -38% | -76.2% | -10.8% | -8.55% |
| ROIC | 25% | 25% | 28.8% | 26.6% | 18% | -907.3% | -23.8% | -26.4% |
| Return on tangible assets | -45% | -33.3% | -61% | -64.3% | -57.3% | -93.4% | -39.3% | -33.4% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 6.32 | 6.41 | 3.52 | 2.52 | 1.51 | 2.29 | 3.13 | 3.3 |
| Quick ratio | 6.13 | 6.04 | 3.32 | 2.39 | 1.38 | 2.16 | 3 | 3.16 |
| Debt / equity | -0.01 | -0.49 | -0.3 | -0.38 | -0.35 | 8.31 | 2.7 | 3.25 |
| Debt / assets | 0.01 | 0.33 | 0.45 | 0.69 | 0.87 | 0.51 | 0.58 | 0.61 |
| Net debt / EBITDA | 2.25 | 1.55 | 0.18 | -0.55 | -2.18 | -0.03 | -5.37 | -9.34 |
| Interest coverage | -4.1K | -10.2 | -16 | -12.2 | -3.56 | -12.1 | -3.14 | -3.56 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.39 | 1.17 | 1.6 | 2 | 3.23 | 5.79 | 7.3 | 8.05 |
| EPS (basic) | -0.92 | -1.58 | -1.85 | -2.08 | -1.61 | -6.23 | -1.41 | -1.41 |
| EPS (diluted) | -0.92 | -1.58 | -1.85 | -2.08 | -1.61 | -6.23 | -1.41 | -1.44 |
| Book value per share | -1.58 | -3.19 | -5.02 | -7.03 | -8.39 | 0.47 | 2.82 | 2.47 |
| FCF per share | -0.83 | -1.37 | -1.39 | -1.16 | -1.51 | -1.76 | -1.41 | -1.5 |
| Cash per share | 1.42 | 3.19 | 1.73 | 1.89 | 1.2 | 3.74 | 4.33 | 4.52 |
| Capex per share | 0.11 | 0.08 | 0.07 | 0.11 | 0.21 | 0.18 | 0.04 | 0.05 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 27.5% | 7.14% | 4.56% | 5.73% | 6.51% | 3.19% | 0.49% | 0.68% |
| Capex / operating cash flow | -14.7% | -5.62% | -5.1% | -8.72% | -14.4% | -11.2% | -2.85% | -4.11% |
| Payout ratio | -4.6% | -2.68% | -2.17% | -1.94% | -2.63% | -0.8% | 0% | 0% |
| -$1.85 |
| — |
| — |
| $257.9M |
| — |
| FY20 | — | -$1.58 | — | — | $188M | — |
| FY19 | — | -$0.92 | — | — | $62.1M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $136.1M | $147.7M | $145.8M | $166M | $180.9M | $200.7M | $255.7M | $314.6M | $334.2M | $367.2M | $348.1M | $382.5M |
| YoY change | — | +46.8% | +26.1% | +25.3% | +33% | +35.8% | +75.4% | +89.6% | +84.7% | +83% | +36.1% | +21.6% |
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 | 227.6M | 513.4M | 277.7M | 302.9M | 197.6M | 448.3M | 755M |
| Receivables | 31.9M | 87.3M | 82.2M | 88.7M | 94.5M | 154.8M | 311.2M |
| Inventory | 8.3M | 37.6M | 22.9M | 22.3M | 28.8M | 38.4M | 51.7M |
| Total current assets | 276.2M | 649.7M | 404M | 438.6M | 350.3M | 667.6M | 1.2B |
| Property, plant & equipment | 36.1M | 38.4M | 35.4M | 67.8M | 82.2M | 72.8M | 152.4M |
| Goodwill & intangibles | 114.6M | 120.9M | 106.5M | 180.8M | 190.5M | 170.1M | 1.7B |
| Total assets | 370.2M | 751.9M | 531.4M | 631.4M | 564.1M | 926.1M | 2.3B |
| Accounts payable | 13.4M | 53.6M | 33.8M | 46M | 54.4M | 53.8M | 82M |
| Short-term debt | 1.2M | 723K | 419K | 6.4M | 6.4M | 6.5M | 13.4M |
| Total current liabilities | 43.7M | 101.4M | 114.8M | 174.2M | 232.6M | 291.1M | 372.4M |
| Long-term debt | 1.4M | 250.7M | 238.5M | 426.7M | 481.7M | 461.6M | 1.3B |
| Total liabilities | 624.6M | 1.3B | 1.3B | 1.8B | 1.9B | 869.8M | 1.8B |
| Shareholders' equity | -254.4M | -513M | -807.5M | -1.1B | -1.4B | 56.3M | 491.3M |
| Total debt | 2.6M | 251.4M | 238.9M | 433M | 488.1M | 468.1M | 1.3B |
| Net debt | -225M | -262M | -38.7M | 130.1M | 322.4M | 127.1M | 722.3M |
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 | 132.7M | 197.6M | 94.9M | 490.1M | 466.3M | 448.3M | 218.8M | 291.3M | 759.6M | 755M | 639.1M | 816M |
| Receivables | 112.6M | 94.5M | 107.8M | 118.1M | 145.6M | 154.8M | 262.6M | 266.3M | 283.6M | 311.2M | 308.6M | 360.9M |
| Inventory | 27.2M | 28.8M | 30.1M | 32.7M | 36.1M | 38.4M | 50.5M | 47.6M | 55M | 51.7M | 51.8M | 53.5M |
| Total current assets | 300.9M | 350.3M | 266.6M | 671.4M | 679.4M | 667.6M | 574M | 644.2M | 1.1B | 1.2B | 1.1B | 1.3B |
| Property, plant & equipment | 84.7M | 82.2M | 78.8M | 74.5M | 73.5M | 72.8M | 131.9M | 130M | 156.4M | 152.4M | 149.7M | 148.4M |
| Goodwill & intangibles | 177.2M | 190.5M | 184.7M | 179.2M | 175.3M | 170.1M | 1.5B | 1.4B | 1.7B | 1.7B | 1.6B | 1.6B |
| Total assets | 504.1M | 564.1M | 469.3M | 864.6M | 971.7M | 926.1M | 1.5B | 1.6B | 2.3B | 2.3B | 2.1B | 2.4B |
| Accounts payable | 59M | 54.4M | 44M | 28.6M | 49M | 53.8M | 88.7M | 79.3M | 59.6M | 82M | 41M | 73.8M |
| Short-term debt | 6.5M | 6.4M | 6.5M | 5.8M | 5.9M | 6.5M | 9.4M | 9.4M | 12.4M | 13.4M | 12.6M | 12.2M |
| Total current liabilities | 204M | 232.6M | 209.5M | 181.6M | 252.6M | 291.1M | 336.5M | 418.2M | 350M | 372.4M | 318M | 391.5M |
| Long-term debt | 452.9M | 481.7M | 478.7M | 469.7M | 465.7M | 461.6M | 848.3M | 843.9M | 1.3B | 1.3B | 1.3B | 1.4B |
| Total liabilities | 1.8B | 1.9B | 1.9B | 766.4M | 918M | 869.8M | 1.2B | 1.3B | 1.8B | 1.8B | 1.7B | 1.9B |
| Shareholders' equity | -1.3B | -1.4B | -1.5B | 98.3M | 53.7M | 56.3M | 326.2M | 309.6M | 507.8M | 491.3M | 416.4M | 444.9M |
| Total debt | 459.4M | 488.1M | 485.2M | 475.6M | 471.5M | 468.1M | 857.8M | 853.3M | 1.3B | 1.3B | 1.3B | 1.4B |
| Net debt | 326.7M | 322.4M | 405.3M | -3.2M | 83.5M | 127.1M | 706.1M | 666.9M | 679.9M | 722.3M | 797.4M | 844.6M |
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 | -115M | -209.9M | -259.2M | -289.8M | -214.1M | -705.8M | -245M |
| Depreciation & amortization | 15M | 23.1M | 23.9M | 30.4M | 33.3M | 37.2M | 102.3M |
| Stock-based compensation | 529K | 399K | 559K | 0 | 0 | 534.1M | 124.7M |
| Change in working capital | -17M | -59.7M | -3.5M | 40.5M | -76.7M | -84.8M | -181.2M |
| Operating cash flow | -116.2M | -238.7M | -230.9M | -210.7M | -240.6M | -197.4M | -218.1M |
| Capital expenditure | -17M | -13.4M | -11.8M | -18.4M | -34.6M | -22.1M | -6.2M |
| Investing cash flow | -43M | -13.4M | -21.7M | -57.9M | -40.3M | -130.4M | -377.3M |
| Dividends paid | -5.3M | -5.6M | -5.6M | -5.6M | -5.6M | -5.6M | 0 |
| Share repurchases | — | -7.3M | 0 | 0 | -3.6M | -2.3M | -3M |
| Financing cash flow | 186.5M | 506.1M | -2M | 251.4M | 117.5M | 494.3M | 884.1M |
| Net change in cash | 27.3M | 254M | -254.7M | -17.2M | -163.3M | 166.6M | 288.7M |
| Free cash flow | -134.1M | -220M | -223.8M | -186.6M | -248.9M | -211.2M | -245.4M |
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 | -53.4M | -50.5M | -64.7M | -552.2M | -75.8M | -13M | -68M | -42.8M | -80M | -54.2M | -125.9M | 5.6M |
| Depreciation & amortization | 8.4M | 8.5M | 9.2M | 9.2M | 9.4M | 9.5M | 20.4M | 28M | 27M | 26.9M | 26.2M | 26M |
| Stock-based compensation | 0 | — | — | 488.3M | 21M | 24.8M | 23M | 22.5M | 34M | 45.3M | 52.7M | 54.1M |
| Change in working capital | -25.1M | -6.6M | -43.9M | -49.2M | 45.1M | -36.8M | -44.9M | 16.6M | -107.4M | -45.5M | -75.3M | -31.3M |
| Operating cash flow | -64.8M | -44.9M | -93.7M | -98.5M | 5.1M | -10.2M | -109.5M | 44.2M | -119.8M | -36.8M | -73.3M | -7.5M |
| Capital expenditure | -16M | -2.7M | -6.1M | -8M | -43K | -8M | -2.1M | -2M | -1.3M | -1.6M | -1.9M | -5M |
| Investing cash flow | -16M | -5.5M | 17M | -8M | -95.2M | -8M | -374.5M | -2M | 4.4M | -6M | -1.9M | -5M |
| Dividends paid | 0 | 0 | 0 | -5.6M | 0 | 0 | — | — | 0 | 0 | — | — |
| Share repurchases | 0 | 0 | 0 | 0 | -2.3M | 0 | — | — | 0 | -3M | — | — |
| Financing cash flow | -519K | 78.9M | -1.4M | 504M | -8.1M | -179K | 293M | 0 | 594.7M | -3.6M | -271K | 411.3M |
| Net change in cash | -81.3M | 28.5M | -78M | 397.5M | -98.3M | -18.4M | -191M | 42.2M | 479.2M | -46.4M | -75.4M | 398.8M |
| Free cash flow | -69M | -43M | -107.5M | -105.1M | 48.6M | -47.2M | -109M | 34.7M | -127.9M | -43.1M | -83.3M | -18.6M |