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 % |
|---|---|---|---|---|---|---|
| Q1 23 | — | -$0.12 | — | — | $336.5M | — |
| Q3 22 | — | -$0.1 | — | — | $305.7M | — |
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 | — | -$13.4 | — | — | $1.3B | — |
| FY24 | — | -$12.7 | — | — | $1.4B | — |
| FY23 | — | -$5.68 | — | — | $1.6B | — |
| FY22 | — | -$4.98 | — | — | $1B | — |
| FY21 | — | -$2.84 | — | — | $643.4M | — |
| FY20 | — | -$1.05 | — | — | $212.1M | — |
| FY19 | — | -$0.65 | — | — | $57.3M | — |
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 | $57.3M | $212.1M | $643.4M | $1B | $1.6B | $1.4B | $1.3B |
| YoY change | — | +270.4% | +203.4% | +57.2% | +55.9% | -11.7% | -5.39% |
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 | 57.3M | 212.1M | 643.4M | 1B | 1.6B | 1.4B | 1.3B |
| Cost of revenue | 74.4M | 205.5M | 629.6M | 978M | 1.4B | 1.2B | 1.1B |
| Gross profit | -17.1M | 6.6M | 13.8M | 33.1M | 150.5M | 213.6M | 209.3M |
| Gross margin | -29.9% | 3.12% | 2.15% | 3.27% | 9.55% | 15.4% | 15.9% |
| Research & development | — | — | — | — | — | — | — |
| Selling, general & administrative | 59.1M | 96.4M | 225.3M | 370.6M | 445.8M | 275.2M | 267.8M |
| Operating expenses | 74.2M | 131.3M | 323M | 479.5M | 584.2M | 372.6M | 351.9M |
| Operating income | -91.3M | -141.2M | -371.9M | -565.1M | -573.4M | -288.6M | -250.6M |
| Operating margin | -159.4% | -66.6% | -57.8% | -55.9% | -36.4% | -20.7% | -19% |
| Non-operating income, net | 1.2M | -2.4M | -9.4M | -167.5M | -293.3M | -150.4M | -171.6M |
| Pretax income | -87.8M | -143.1M | -382.9M | -744.7M | -872.8M | -458.3M | -435.3M |
| Income tax | 0 | 0 | 0 | 0 | 97.2K | 2.1M | 483.7K |
| Net income | -87.8M | -143.1M | -382.9M | -744.7M | -872.9M | -409M | -435.8M |
| Net margin | -153.4% | -67.5% | -59.5% | -73.7% | -55.4% | -29.4% | -33.1% |
| EBITDA | -80.3M | -112.8M | -297.3M | -429M | -393.2M | -115.8M | -100.2M |
| EPS | -0.65 | -1.05 | -2.84 | -4.98 | -5.68 | -12.7 | -13.4 |
| Diluted EPS | -0.65 | -1.05 | -2.84 | -4.98 | -5.68 | -12.7 | -13.4 |
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 | 433.9M | 391.2M | 346.8M | 51.3M | 50.9M | 332.6M | 300.7M | 349M | 358M | 308.5M | 256.7M | 273.4M |
| Cost of revenue | 380.2M | 369.5M | 313.9M | 42.6M | 40.6M | 287.6M | 256.3M | 288.8M | 295.6M | 266.3M | 224.9M | 234.4M |
| Gross profit | 53.8M | 21.7M | 32.9M | 8.7M | 10.3M | 45M | 44.5M | 60.2M | 62.4M | 42.2M | 31.9M | 39M |
| Gross margin | 12.4% | 5.54% | 9.48% | 17% | 20.1% | 13.5% | 14.8% | 17.2% | 17.4% | 13.7% | 12.4% | 14.3% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 97.8M | 92M | 79.4M | 7.4M | 8.2M | 90.1M | 69.2M | 51.6M | 67.6M | 79.3M | 57.9M | 55.6M |
| Operating expenses | 140.1M | 125.8M | 107.3M | 11.2M | 11.6M | 109.8M | 87.1M | 71.4M | 91.3M | 102.1M | 76.1M | 71.6M |
| Operating income | -122.7M | -139.9M | -108.4M | -6.7M | -5.6M | -100.9M | -71M | -38M | -55.4M | -86.2M | -65.8M | -53M |
| Operating margin | -28.3% | -35.8% | -31.3% | -13.2% | -10.9% | -30.3% | -23.6% | -10.9% | -15.5% | -27.9% | -25.6% | -19.4% |
| Non-operating income, net | -27.8M | -167.7M | -29.8M | -5.8M | -6.3M | -34.7M | 15.5M | -33.5M | -15.9M | -137.6M | -39.9M | -41.3M |
| Pretax income | -147.6M | -311.1M | -142.8M | -13.8M | -12.3M | -138.3M | -58.9M | -75.4M | -73.8M | -227.2M | -109.3M | -97.4M |
| Income tax | 0 | 97.2K | 0 | 152.3K | 58K | 616K | 0 | 484K | 0 | -325 | 0 | 0 |
| Net income | -159.7M | -311.2M | -142.8M | -6.5M | -12.4M | -132.4M | -58.9M | -75.9M | -73.8M | -227.2M | -109.3M | -97.4M |
| Net margin | -36.8% | -79.5% | -41.2% | -12.6% | -24.3% | -39.8% | -19.6% | -21.8% | -20.6% | -73.7% | -42.6% | -35.6% |
| EBITDA | -88.9M | -101M | -73.4M | -2.4M | -5.1M | -15.3M | -42.5M | -10.3M | -27M | -59.3M | -43.8M | -31.5M |
| EPS | -1.01 | — | -4.5 | -1.45 | -2.75 | -4.05 | -1.78 | -2.32 | -2.24 | -7.01 | -3.38 | -3 |
| Diluted EPS | -1.01 | — | -4.5 | -1.45 | -2.75 | -4.05 | -1.78 | -2.32 | -2.24 | -7.01 | -3.38 | -3 |
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 | — | — | 48B | — | 9.7B | — | 81M | 40.4M |
| Enterprise value | — | — | 48.1B | — | 11.4B | — | 1.9B | 285.7M |
| Shares outstanding | 978.4M | 978.4M | 978.4M | 1.1B | 1.1B | 32.4M | 32.5M | 32.5M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.09 |
| P/S | — | — | 74.6 | — | 6.17 | — | 0.06 | 0.03 |
| P/B | — | — | 141.5 | — | -23 | — | -0.07 | -0.03 |
| EV/EBITDA | — | — | -161.8 | — | -28.9 | — | -19.1 | -15.1 |
| EV/Sales | — | — | 74.8 | — | 7.22 | — | 1.46 | 1.6 |
| Earnings yield | — | — | — | — | — | — | — | -1.1K% |
| FCF yield | — | — | -1.21% | — | -5.02% | — | -96.7% | -30.5% |
| PEG | — | — | — | — | — | — | — | -0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -29.9% | 3.12% | 2.15% | 3.27% | 9.55% | 15.4% | 15.9% | 14.3% |
| Operating margin | -159.4% | -66.6% | -57.8% | -55.9% | -36.4% | -20.7% | -19% | -19.4% |
| Net margin | -153.4% | -67.5% | -59.5% | -73.7% | -55.4% | -29.4% | -33.1% | -42.5% |
| ROE | — | -33% | -112.9% | -675.2% | 206.6% | 49.1% | 35.2% | 35.1% |
| ROA | — | -24.7% | -29.8% | -28.2% | -39.4% | -26.2% | -37% | -13.5% |
| ROIC | — | -55.9% | -79.7% | -44.6% | -46.9% | -32.7% | -41.9% | -56.3% |
| Return on tangible assets | — | -31.3% | -33.9% | -30.4% | -45.5% | -29.9% | -43% | -53.2% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.96 | 1.03 | 0.6 | 0.33 | 0.27 | 0.33 | 0.28 |
| Quick ratio | — | 1.87 | 0.96 | 0.55 | 0.29 | 0.25 | 0.29 | 0.25 |
| Debt / equity | — | — | 1.54 | 16.1 | -4.43 | -2.25 | -1.59 | -0 |
| Debt / assets | — | — | 0.41 | 0.67 | 0.85 | 1.2 | 1.67 | 1.92 |
| Net debt / EBITDA | — | — | -0.43 | -2.7 | -4.19 | -14.8 | -18.3 | -11.6 |
| Interest coverage | — | — | -200.4 | -49.3 | -41.7 | -19.4 | -25.1 | -29.7 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.06 | 0.22 | 0.66 | 0.93 | 1.42 | 42.9 | 40.5 | 36.8 |
| EPS (basic) | -0.65 | -1.05 | -2.84 | -4.98 | -5.68 | -12.7 | -13.4 | -13.4 |
| EPS (diluted) | -0.65 | -1.05 | -2.84 | -4.98 | -5.68 | -12.7 | -13.4 | -2.25 |
| Book value per share | — | 0.44 | 0.35 | 0.1 | -0.38 | -25.7 | -38 | -6.08 |
| FCF per share | -0.14 | -0.3 | -0.59 | -0.57 | -0.44 | -4.39 | -2.41 | -2.05 |
| Cash per share | — | 0.18 | 0.4 | 0.57 | 0.2 | 4.97 | 4.14 | 3.32 |
| Capex per share | 0.06 | 0.15 | 0.34 | 0.31 | 0.26 | 2.87 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 98% | 68.2% | 52.1% | 33.1% | 18.5% | 6.69% | — | — |
| Capex / operating cash flow | -93.8% | -126.6% | -155.1% | -70.8% | -65.7% | -28.8% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $433.9M | $391.2M | $346.8M | $51.3M | $50.9M | $332.6M | $300.7M | $349M | $358M | $308.5M | $256.7M | $273.4M |
| YoY change | +41.9% | +29.8% | +3.07% | -87.5% | -88.3% | -15% | -13.3% | +580.3% | +603.5% | -7.26% | -14.6% | -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 | 180.4M | 395M | 614.9M | 227M | 161.4M | 134.7M |
| Receivables | 8M | 9.8M | 5.6M | 27.6M | 30.5M | 17.7M |
| Inventory | 11.3M | 42.5M | 71.5M | 50.7M | 37.6M | 36.8M |
| Total current assets | 250.9M | 586M | 796.8M | 458.6M | 417.1M | 326.6M |
| Property, plant & equipment | 235.8M | 554M | 1.7B | 1.5B | 995.5M | 681M |
| Goodwill & intangibles | 123.8M | 155.2M | 192M | 294.9M | 194M | 162M |
| Total assets | 580.4M | 1.3B | 2.6B | 2.2B | 1.6B | 1.2B |
| Accounts payable | 15.4M | 61M | 105.7M | 224.8M | 223.8M | 199.2M |
| Short-term debt | — | 192.1M | 588.3M | 739.1M | 1B | 575.9M |
| Total current liabilities | 128.2M | 567.3M | 1.3B | 1.4B | 1.5B | 1B |
| Long-term debt | — | 330.4M | 1.2B | 1.1B | 844.9M | 1.4B |
| Total liabilities | 147.3M | 945.8M | 2.5B | 2.6B | 2.4B | 2.4B |
| Shareholders' equity | 433.1M | 339.1M | 110.3M | -422.4M | -833M | -1.2B |
| Total debt | — | 522.4M | 1.8B | 1.9B | 1.9B | 2B |
| Net debt | — | 131.6M | 1.5B | 1.7B | 1.7B | 1.8B |
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 | 461.8M | 227M | 218.2M | 24M | 28.8M | 161.4M | 184M | 155.2M | 131.6M | 134.7M | 104.8M | 107.8M |
| Receivables | 33.9M | 27.6M | 27.7M | 4.4M | 5.8M | 30.5M | 28.5M | 22.6M | 18M | 17.7M | 15.4M | 12.2M |
| Inventory | 74.3M | 50.7M | 40.3M | 6M | 5M | 37.6M | 34.3M | 36.1M | 40.2M | 36.8M | 33.3M | 32.9M |
| Total current assets | 703.8M | 458.6M | 450.8M | 68.8M | 62.5M | 417.1M | 433.8M | 412.6M | 396.3M | 326.6M | 284.7M | 295M |
| Property, plant & equipment | 1.7B | 1.5B | 1.4B | 162.2M | 151.8M | 995.5M | 910.6M | 837.3M | 760.5M | 681M | 598.3M | 555.7M |
| Goodwill & intangibles | 136.8M | 294.9M | 145.7M | 15M | 14.4M | 194M | 92M | 87.9M | 85.9M | 162M | 76.7M | 72.8M |
| Total assets | 2.6B | 2.2B | 2B | 254.7M | 237.2M | 1.6B | 1.5B | 1.4B | 1.3B | 1.2B | 1.1B | 1B |
| Accounts payable | 207.1M | 224.8M | 256M | 27.9M | 28.8M | 223.8M | 223.2M | 202.1M | 200.2M | 199.2M | 188.2M | 180.9M |
| Short-term debt | 861.1M | 739.1M | 627.7M | 79.9M | 143.5M | 1B | 1.1B | 1.1B | 1.1B | 575.9M | 587M | 617.6M |
| Total current liabilities | 1.5B | 1.4B | 1.5B | 152.4M | 209.2M | 1.5B | 1.6B | 1.6B | 1.6B | 1B | 1B | 1.1B |
| Long-term debt | 1.2B | 1.1B | 1B | 185.6M | 122.7M | 844.9M | 760.6M | 735M | 688.8M | 1.4B | 1.4B | 1.4B |
| Total liabilities | 2.7B | 2.6B | 2.6B | 339.8M | 333.9M | 2.4B | 2.4B | 2.3B | 2.3B | 2.4B | 2.4B | 2.4B |
| Shareholders' equity | -142.3M | -422.4M | -567.4M | -85.2M | -96.6M | -833M | -889.3M | -962.3M | -1B | -1.2B | -1.3B | -1.4B |
| Total debt | 2B | 1.9B | 1.7B | 265.5M | 266.2M | 1.9B | 1.9B | 1.8B | 1.8B | 2B | 1.9B | 2B |
| Net debt | 1.6B | 1.7B | 1.5B | 241.8M | 238.4M | 1.7B | 1.7B | 1.7B | 1.7B | 1.8B | 1.8B | 1.9B |
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 | -87.8M | -143.1M | -382.9M | -744.7M | -872.9M | -460.4M | -435.8M |
| Depreciation & amortization | 8.7M | 27.8M | 74.3M | 133.4M | 165.9M | 169.7M | 146.8M |
| Stock-based compensation | — | 0 | 0 | 74.7M | 64.5M | 1M | 2.9M |
| Change in working capital | 19.3M | 865.4K | 86.9M | 58.9M | 171.6M | -59M | -19M |
| Operating cash flow | -59.8M | -114.4M | -216.2M | -473.3M | -444.8M | -322.7M | -12.7M |
| Capital expenditure | -56.1M | -144.7M | -335.3M | -334.9M | -292.1M | -93M | — |
| Investing cash flow | -56.1M | -144.7M | -335.3M | -705.2M | 60M | -75.8M | 0 |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | 0 | -1.7M | -136K | 0 | 0 | — | — |
| Financing cash flow | 212.8M | 221.1M | 987M | 510.7M | 79.4M | 17.6M | 21.7M |
| Net change in cash | 96.9M | -38M | 435.5M | -667.7M | -305.4M | -380.9M | 9M |
| Free cash flow | -133.2M | -290.5M | -580.3M | -621.9M | -488.5M | -142.5M | -78.3M |
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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — | — | — |
| Change in working capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating cash flow | — | — | — | — | — | — | — | -1.2M | -1.7M | -9.6M | -23.5M | 34M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | — | — | — | -1.2M | -1.7M | -9.6M | -23.5M | 34M |
| Free cash flow | -30.4M | -373M | -26.7M | 4.4M | -1.8M | -134.5M | -219K | -1.2M | -1.7M | -75.2M | -23.5M | 34M |