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 | -$0.05 | -$0.12 | -140.0% | — | $0 | — |
| Q1 26 | -$0.05 | -$0.05 | 0.0% | — | $0 | — |
| Q3 25 | -$0.05 | -$0.46 | -820.0% | — | $0 | — |
| Q2 25 | -$0.05 | -$0.2 | -300.0% | — | $0 | — |
| Q1 25 | -$0.04 | -$0.06 | -50.0% | — | $0 | — |
| Q4 24 | -$0.05 | -$0.04 | +20.0% | — | $0 | — |
| Q3 24 | -$0.06 | -$0.06 | 0.0% | — | $0 | — |
| Q2 24 | -$0.05 | -$0.06 | -20.0% | — | $0 | — |
| Q1 24 | -$0.05 | -$0.08 | -60.0% | — | $0 | — |
| Q4 23 | -$0.16 | -$0.17 | -6.3% | — | $0 | — |
| Q3 23 | -$0.1 | -$0.04 | +60.0% | — | $0 | — |
| Q2 23 | -$0.12 | -$0.05 | +58.3% | — | $0 | — |
| Q1 23 | -$0.06 | -$0.05 | +16.7% | — | $0 | — |
| Q4 22 | -$0.08 | -$0.17 | -112.5% | — | $0 | — |
| Q3 22 | -$0.09 | -$0.12 | -33.3% | — | $0 | — |
| Q2 22 | -$0.11 | -$0.05 | +54.5% | — | $0 | — |
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 | — | -$0.83 | — | — | $0 | — |
| FY24 | — | -$0.25 | — | — | $0 | — |
| FY23 | — | -$0.26 | — | — | $0 | — |
| FY22 | — | -$0.71 | — | — | $0 | — |
| FY21 | — | -$0.69 | — |
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 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 0% | 0% |
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 | Q4 24 | Q1 25 |
|---|
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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — |
| Selling, general & administrative | 7.7M | 56.6M | 29.5M | 22.5M | 30.6M | 99.8M |
| Operating expenses | 56.6M | 149.6M | 174.1M | 72.4M | 81.3M | 140.1M |
| Operating income | -56.6M | -149.6M | -174.1M | -72.4M | -81.3M | -140.1M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | -80K | 9.3M | 2.1M | -1.9M | 1.8M | -179.2M |
| Pretax income | -56.6M | -141.3M | -170.9M | -73.7M | -81.9M | -319.7M |
| Income tax | — | 0 | 77K | 41K | 48K | 144K |
| Net income | -56.6M | -141.3M | -171M | -73.8M | -81.9M | -319.8M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -56M | -158.4M | -172.6M | -71.3M | -81M | -267.7M |
| EPS | -0.32 | -0.69 | -0.71 | -0.26 | -0.25 | -0.83 |
| Diluted EPS | -0.32 | -0.69 | -0.71 | -0.26 | -0.25 | -0.83 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 4.6M | 6.6M | 6.6M | 7.9M | 8.1M | 8M | 8.5M | 11.5M | 45.7M | 34.1M | 20.7M | 15.6M |
| Operating expenses | 12.5M | 33.3M | 24.7M | 20.3M | 20M | 16.3M | 18M | 22M | 55.4M | 44.7M | 34M | 71.7M |
| Operating income | -12.5M | -33.3M | -24.7M | -20.3M | -20M | -16.3M | -18M | -22M | -55.4M | -44.7M | -34M | -71.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -16K | -13.9M | -343K | 603K | 50K | 1.5M | -1.6M | -51.7M | -129.7M | 3.7M | 13M | 11.4M |
| Pretax income | -12.5M | -47.2M | -25.2M | -20.2M | -20.5M | -16M | -20.6M | -74.3M | -184.4M | -40.4M | -20.6M | -60M |
| Income tax | — | — | — | — | — | — | — | — | 123K | 21K | 44K | 116K |
| Net income | -12.5M | -47.2M | -25.2M | -20.2M | -20.5M | -16.1M | -20.6M | -74.3M | -184.5M | -40.4M | -20.6M | -60.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -12.2M | -33.1M | -24.6M | -20.2M | -19.9M | -16.2M | -18M | -21.7M | -185.5M | -42.6M | -35.8M | -80M |
| EPS | -0.04 | — | -0.08 | -0.06 | -0.06 | — | -0.06 | -0.2 | -0.46 | — | 0.05 | -0.14 |
| Diluted EPS | -0.04 | — | -0.08 | -0.06 | -0.06 | — | -0.06 | -0.2 | -0.46 | — | 0.05 | -0.14 |
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 | — | — | — | — | — | — | 2.2B |
| Enterprise value | — | — | — | — | — | — | 1.6B |
| Shares outstanding | 178.6M | 204.9M | 239.9M | 288.6M | 321.9M | 384.5M | 384.5M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -4.65 |
| P/B | — | — | — | — | — | — | -61 |
| EV/EBITDA | — | — | — | — | — | — | -7.8 |
| Earnings yield | — | — | — | — | — | — | -21.5% |
| FCF yield | — | — | — | — | — | — | 0.95% |
| PEG | — | — | — | — | — | — | 0.16 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | -156.2% | -152.3% | -411.9% | -675.8% | 478.7% | 956.4% | -1.1K% |
| ROA | -103.6% | -106.1% | -180.4% | -107.1% | -130.1% | -176.1% | -72.5% |
| ROIC | — | -1.9K% | 3.2K% | -1.8K% | 921.3% | 92.7% | 163.2% |
| Return on tangible assets | -103.6% | -106.1% | -180.4% | -107.1% | -138.6% | -180.3% | -173.3% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 1.32 | 3.33 | 1.19 | 0.28 | 0.1 | 2.03 | 1.93 |
| Quick ratio | 1.32 | 3.33 | 1.19 | 0.28 | 0.1 | 2.03 | 1.93 |
| Debt / equity | — | — | — | — | -0.69 | — | 0 |
| Debt / assets | — | — | — | — | 0.19 | — | — |
| Net debt / EBITDA | — | — | — | — | -0.1 | — | 0.48 |
| Interest coverage | — | — | — | -93.4 | -30.5 | -98.4 | -110.4 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.32 | -0.69 | -0.71 | -0.26 | -0.25 | -0.83 | -0.83 |
| EPS (diluted) | -0.32 | -0.69 | -0.71 | -0.26 | -0.25 | -0.83 | -0.75 |
| Book value per share | 0.2 | 0.45 | 0.17 | 0.04 | -0.05 | -0.09 | -0.06 |
| FCF per share | -0.15 | -0.28 | -0.28 | -0.21 | -0.14 | -0.11 | -0.1 |
| Cash per share | 0.06 | 0.41 | 0.2 | 0.02 | 0.01 | 0.31 | 0.22 |
| Capex per share | 0 | 0 | 0 | 0 | 0 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -2.09% | -0.58% | -0.78% | -0.97% | -0.96% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.32 | — | — | $0 | — |
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
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 | 10.1M | 84.9M | 46.9M | 6.8M | 3.5M | 117.6M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 10.2M | 88.6M | 49.6M | 8.8M | 5.3M | 120.7M |
| Property, plant & equipment | -931K | -1.4M | -1.8M | 3.6M | 4.6M | 2.4M |
| Goodwill & intangibles | — | — | — | — | 3.9M | 4.3M |
| Total assets | 54.7M | 133.1M | 94.8M | 68.9M | 63M | 181.6M |
| Accounts payable | — | — | — | — | — | 2.3M |
| Short-term debt | — | — | — | — | 11.8M | — |
| Total current liabilities | 7.8M | 26.6M | 41.6M | 31.3M | 54.5M | 59.4M |
| Long-term debt | — | — | — | — | — | — |
| Total liabilities | 18.4M | 40.4M | 53.3M | 58M | 80.1M | 215.1M |
| Shareholders' equity | 36.3M | 92.8M | 41.5M | 10.9M | -17.1M | -33.4M |
| Total debt | — | — | — | — | 11.8M | — |
| Net debt | — | — | — | — | 8.3M | — |
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 | 22.5M | 6.8M | 4M | 474K | 360K | 3.5M | 2.3M | 115.8M | 115.6M | 117.6M | 119.7M | 98.7M |
| Receivables | 5.3M | — | 2M | 1.2M | 2.6M | — | 5M | 1.5M | 1.6M | — | 3.1M | 2.8M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 27.9M | 8.8M | 5.9M | 1.7M | 2.9M | 5.3M | 7.4M | 117.3M | 117.2M | 120.7M | 122.8M | 101.4M |
| Property, plant & equipment | 51.2M | 3.6M | 49.4M | 5.7M | 5.1M | 4.6M | 4M | 3.5M | 3M | 2.4M | 1.9M | 1.4M |
| Goodwill & intangibles | — | — | 3.4M | 3.6M | 3.7M | 3.9M | 3.9M | 4.1M | 4.2M | 4.3M | 4.4M | 4.5M |
| Total assets | 87.6M | 68.9M | 65.5M | 60.6M | 61.3M | 63M | 64.5M | 173.7M | 175.6M | 181.6M | 184.9M | 180.9M |
| Accounts payable | — | — | — | — | — | — | 2.6M | 4.2M | 3.8M | 2.3M | — | 1.7M |
| Short-term debt | — | — | — | 5.9M | 9.2M | 11.8M | 10M | 2.5M | — | — | — | — |
| Total current liabilities | 19.3M | 31.3M | 36.5M | 43.7M | 57.2M | 54.5M | 55.2M | 49.6M | 46.8M | 59.4M | 56.5M | 52.6M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 32.2M | 58M | 63.6M | 70.3M | 82.8M | 80.1M | 81.3M | 91.8M | 216.2M | 215.1M | 212.2M | 208.3M |
| Shareholders' equity | 55.4M | 10.9M | 1.8M | -9.6M | -21.5M | -17.1M | -16.8M | 81.9M | -40.6M | -33.4M | -27.3M | -27.4M |
| Total debt | — | — | — | 5.9M | 9.2M | 11.8M | 10M | 2.5M | — | — | — | — |
| Net debt | — | — | — | 5.4M | 8.8M | 8.3M | 7.6M | -113.3M | — | — | — | — |
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 | -56.6M | -141.3M | -171M | -73.8M | -81.9M | -319.8M |
| Depreciation & amortization | 563K | 453K | 418K | 360K | 362K | 252K |
| Stock-based compensation | 27.1M | 74.6M | 20.1M | 12.4M | 25.3M | 96.7M |
| Change in working capital | -110K | -3.5M | 960K | 748K | 127K | -1.2M |
| Operating cash flow | -29M | -68.8M | -149.5M | -59.5M | -53.6M | -42.9M |
| Capital expenditure | -607K | -402K | -1.2M | -578K | -515K | — |
| Investing cash flow | -607K | -3.8M | -1.2M | -578K | -515K | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 20.4M | 130.5M | 29.5M | 19.8M | 38.2M | 117.6M |
| Net change in cash | -9.3M | 57.9M | -121.1M | -40.3M | -15.9M | 74.8M |
| Free cash flow | -27.1M | -56.5M | -67.8M | -60.2M | -44M | -43.1M |
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 | — | -47.2M | -25.2M | -20.2M | — | — | -20.6M | -74.3M | -184.5M | -40.4M | -20.6M | -60.1M |
| Depreciation & amortization | — | 98K | 85K | 112K | — | — | 58K | 58K | 57K | 79K | 39K | 39K |
| Stock-based compensation | — | 5.5M | 6.9M | 5.9M | — | — | 10.4M | 8.9M | 43M | 34.4M | 24M | 16.8M |
| Change in working capital | — | 3.1M | 25K | 757K | — | — | -3.2M | 3.5M | -48K | -1.5M | -48K | 344K |
| Operating cash flow | — | -38M | -17.7M | -12.9M | — | — | -12.3M | -10.7M | -11.5M | -11.4M | -615K | -20.1M |
| Capital expenditure | — | -403K | -340K | -75K | — | — | -70K | — | — | — | — | — |
| Investing cash flow | — | -403K | -340K | -75K | — | — | -70K | — | 0 | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | -203K | 8.9M | 2.5M | 5.3M | -6.9M | 8.3M | 116.9M | 7.5M | -7.6M | 0 | 0 |
| Net change in cash | 0 | -38.6M | -9.2M | -10.4M | 5.3M | -6.9M | -4.1M | 106.2M | -4M | -18.9M | -615K | -20.1M |
| Free cash flow | — | -15.6M | -12.2M | -12.2M | — | — | -9.4M | -10.7M | -11.5M | -11.5M | -650K | -20.1M |