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 27 | $0.35 | $0.4 | +14.3% | — | $292.8M | — |
| Q1 27 | $0.28 | $0.37 | +32.1% | — | $268.8M | — |
| Q4 26 | $0.18 | $0.27 | +50.0% | — | $254M | — |
| Q3 26 | $0.15 | $0.24 | +60.0% | — | $249.2M | — |
| Q2 26 | $0.18 | $0.33 | +83.3% | — | $242.1M | — |
| Q1 26 | $0.12 | $0.18 | +50.0% | — | $215.7M | — |
| Q4 25 | $0.03 | $0.12 | +300.0% | — | $209.3M | — |
| Q3 25 | -$0.03 | -$0.03 | 0.0% | — | $199.3M | — |
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 % |
|---|---|---|---|---|---|---|
| FY26 | — | -$1.73 | — | — | $961M | — |
| FY25 | — | -$8.53 | — | — | $771.9M | — |
| FY24 | — | -$2.93 | — | — | $614.3M | — |
| FY23 | — | -$3.21 | — | — | $467.7M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | $467.7M | $614.3M | $771.9M | $961M |
| YoY change | — | +31.3% | +25.6% | +24.5% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 24 | Q4 24 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 467.7M | 614.3M | 771.9M | 961M |
| Cost of revenue | 201.7M | 237.7M | 271M | 287.2M |
| Gross profit | 266M | 376.6M | 500.9M | 673.7M |
| Gross margin | 56.9% | 61.3% | 64.9% | 70.1% |
| Research & development | 158.9M | 203.5M | 263.1M | 302.6M |
| Selling, general & administrative | 329M | 327.5M | 420.4M | 512.2M |
| Operating expenses | 487.9M | 531.1M | 683.4M | 814.8M |
| Operating income | -221.9M | -176.9M | -204.8M | -162.8M |
| Operating margin | -47.4% | -28.8% | -26.5% | -16.9% |
| Non-operating income, net | -7.8M | -4.7M | -25.3M | -6.3M |
| Pretax income | -282.6M | -191M | -236.8M | -157.1M |
| Income tax | -13.1M | 4.1M | 2.3M | 2.7M |
| Net income | -269.5M | -195.1M | -239.1M | -159.9M |
| Net margin | -57.6% | -31.8% | -31% | -16.6% |
| EBITDA | -160.8M | -87.6M | -115.8M | -58.8M |
| EPS | -3.21 | -2.93 | -8.53 | -1.73 |
| Diluted EPS | -3.21 | -2.93 | -8.53 | -1.73 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 24 | Q4 24 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 160.1M | 161.8M | 193M | 199.3M | 209.3M | 215.7M | 242.1M | 249.2M | 254M | 268.8M | 292.8M |
| Cost of revenue | 57.3M | 61.6M | 66.2M | 69.3M | 71.1M | 67.3M | 70.8M | 72.8M | 76.3M | 75M | 83.7M |
| Gross profit | 102.8M | 100.2M | 126.8M | 129.9M | 138.2M | 148.4M | 171.3M | 176.3M | 177.7M | 193.8M | 209.1M |
| Gross margin | 64.2% | 61.9% | 65.7% | 65.2% | 66% | 68.8% | 70.8% | 70.8% | 69.9% | 72.1% | 71.4% |
| Research & development | 49.1M | 54.4M | 62.4M | 65.9M | 76.1M | 69.1M | 73.1M | 78.5M | 81.9M | 88M | 100.6M |
| Selling, general & administrative | 84.3M | 114M | 114.9M | 97.3M | 156.1M | 118.6M | 133.1M | 134.6M | 131.5M | 126.9M | 136M |
| Operating expenses | 133.4M | 168.4M | 177.3M | 163.3M | 232.1M | 187.8M | 206.1M | 213.1M | 213.4M | 215M | 236.6M |
| Operating income | -36.1M | -51.2M | -45.1M | -38.9M | -99.5M | -44.9M | -34.8M | -42.2M | -40.9M | -25.8M | -27.6M |
| Operating margin | -22.6% | -31.6% | -23.4% | -19.5% | -47.5% | -20.8% | -14.4% | -16.9% | -16.1% | -9.58% | -9.41% |
| Non-operating income, net | -258K | 3.2M | 12.4M | -4.9M | -821K | -4.1M | 185K | 217K | -2.6M | 351K | 283K |
| Pretax income | -38.6M | -50.2M | -35.2M | -46.1M | -99.9M | -46.1M | -31.9M | -38.9M | -40.2M | -21.9M | -23.5M |
| Income tax | 1M | 1.2M | 457K | 401K | 1.1M | 234K | 364K | 601K | 1.5M | 951K | 1.4M |
| Net income | -39.7M | -51.4M | -35.7M | -46.5M | -100.9M | -46.4M | -32.2M | -39.5M | -41.7M | -22.8M | -24.9M |
| Net margin | -24.8% | -31.8% | -18.5% | -23.3% | -48.2% | -21.5% | -13.3% | -15.9% | -16.4% | -8.49% | -8.51% |
| EBITDA | -14.4M | -26.1M | -23.6M | -16.7M | -76M | -19.5M | -9.8M | -16.4M | -13.2M | -2.1M | -3.4M |
| EPS | -0.58 | — | — | -0.69 | -2.8 | -0.51 | -0.35 | -0.42 | -0.44 | -0.24 | -0.26 |
| Diluted EPS | -0.58 | — | — | -0.69 | -2.8 | -0.51 | -0.35 | -0.42 | -0.44 | -0.24 | -0.26 |
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 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 5.8B |
| Enterprise value | — | — | — | — | 5.2B |
| Shares outstanding | 88.2M | 82.4M | 42.1M | 92.4M | 92.4M |
| Metric | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | -34.6 |
| P/S | — | — | — | — | 5.26 |
| P/B | — | — | — | — | 3.6 |
| EV/EBITDA | — | — | — | — | -69.8 |
| EV/Sales | — | — | — | — | 4.85 |
| Earnings yield | — | — | — | — | -2.89% |
| FCF yield | — | — | — | — | 3.05% |
| PEG | — | — | — | — | 1.35 |
| Metric | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| Gross margin | 56.9% | 61.3% | 64.9% | 70.1% | 71.4% |
| Operating margin | -47.4% | -28.8% | -26.5% | -16.9% | -9.41% |
| Net margin | -57.6% | -31.8% | -31% | -16.6% | -12.1% |
| ROE | 80.4% | -16.9% | -16.4% | -10.5% | -8.34% |
| ROA | -16.8% | -12.9% | -13.5% | -9.16% | -4.67% |
| ROIC | 78% | -14.1% | -17.4% | -14.2% | -11.6% |
| Return on tangible assets | 37.8% | 27.7% | 56.3% | 39.2% | 41.3% |
| Metric | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| Current ratio | 2.06 | 1.99 | 3.74 | 3.49 | 4.54 |
| Quick ratio | 2.06 | 1.99 | 3.74 | 3.49 | 4.55 |
| Debt / equity | -0.76 | 0.21 | 0.11 | 0.03 | 0.03 |
| Debt / assets | 0.16 | 0.16 | 0.09 | 0.03 | 0.03 |
| Net debt / EBITDA | -0.31 | -1.13 | 2.39 | 6.41 | 12.3 |
| Interest coverage | -4.18 | -10.6 | -14.3 | -20.7 | -34.5 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% |
| Metric | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| Revenue per share | 5.3 | 7.46 | 18.3 | 10.4 | 11.3 |
| EPS (basic) | -3.21 | -2.93 | -8.53 | -1.73 | -1.73 |
| EPS (diluted) | -3.21 | -2.93 | -8.53 | -1.73 | -1.33 |
| Book value per share | -3.8 | 14 | 34.5 | 16.5 | 16.1 |
| FCF per share | -2.41 | -1.02 | 0.37 | 0.92 | 1.19 |
| Cash per share | 2.29 | 1.78 | 10.5 | 4.64 | 4.97 |
| Capex per share | 0.87 | 0.35 | 0.09 | 0.22 | 0.21 |
| Metric | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| Capex / revenue | 16.4% | 4.7% | 0.49% | 2.07% | 1.87% |
| Capex / operating cash flow | -51.7% | -68.4% | -14.5% | 18% | 14.1% |
| Payout ratio | — | — | — | — | 0% |
| $160.1M |
| $161.8M |
| $193M |
| $199.3M |
| $209.3M |
| $215.7M |
| $242.1M |
| $249.2M |
| $254M |
| $268.8M |
| $292.8M |
| YoY change | — | — | — | +24.5% | +29.4% | — | +25.5% | +25% | +21.4% | +24.6% | +20.9% |
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 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash & short-term investments | 202.5M | 146.7M | 441.8M | 428.8M |
| Receivables | 22.9M | 28M | 44.5M | 56M |
| Inventory | — | — | — | — |
| Total current assets | 281.2M | 249.2M | 572.8M | 590.9M |
| Property, plant & equipment | 143.2M | 140.4M | 80.7M | 57.5M |
| Goodwill & intangibles | 2.3B | 2.2B | 2.2B | 2.2B |
| Total assets | 1.6B | 1.5B | 1.8B | 1.7B |
| Accounts payable | 8.3M | 5.8M | 6M | 10M |
| Short-term debt | 9.8M | 12.8M | 14.1M | 14.1M |
| Total current liabilities | 136.4M | 125.3M | 153.1M | 169.5M |
| Long-term debt | 243.4M | 233.2M | 151.3M | 37.3M |
| Total liabilities | 1.9B | 366.1M | 314.1M | 219.8M |
| Shareholders' equity | -335.2M | 1.2B | 1.5B | 1.5B |
| Total debt | 253.1M | 246M | 165.4M | 51.4M |
| Net debt | 50.6M | 99.2M | -276.4M | -377.4M |
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 24 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 146.7M | 128.1M | 133.8M | 441.8M | 420.3M | 471.5M | 493.2M | 428.8M | 421.5M | 479.5M |
| Receivables | 28M | 39.7M | 41.2M | 44.5M | 46M | 51.9M | 52.5M | 56M | 63.4M | 69.9M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 249.2M | 249.5M | 252.6M | 572.8M | 553M | 623M | 644M | 590.9M | 600.9M | 670.4M |
| Property, plant & equipment | 140.4M | 100.2M | 85.7M | 80.7M | 68.5M | 64.5M | 64.4M | 57.5M | 58M | 55.2M |
| Goodwill & intangibles | 2.2B | 2.2B | 2.2B | 2.2B | 2.2B | 2.2B | 2.2B | 2.2B | 2.1B | 2.1B |
| Total assets | 1.5B | 1.5B | 1.5B | 1.8B | 1.7B | 1.8B | 1.8B | 1.7B | 1.7B | 1.8B |
| Accounts payable | 5.8M | 7.5M | 5M | 6M | 6.2M | 8.4M | 9.7M | 10M | 19.2M | 18.4M |
| Short-term debt | 12.8M | 14.8M | 12.8M | 14.1M | 13.5M | 13.9M | 14.3M | 14.1M | 13.6M | 12.1M |
| Total current liabilities | 125.3M | 130.6M | 140M | 153.1M | 114.8M | 138.7M | 155.6M | 169.5M | 135.4M | 147.5M |
| Long-term debt | 233.2M | 227.7M | 224.4M | 151.3M | 148.2M | 144.5M | 143.8M | 37.3M | 37.4M | 35.7M |
| Total liabilities | 366.1M | 367.4M | 373.9M | 314.1M | 273.5M | 294.5M | 311.7M | 219.8M | 186.8M | 198.5M |
| Shareholders' equity | 1.2B | 1.1B | 1.1B | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | 1.6B | 1.6B |
| Total debt | 246M | 242.5M | 237.2M | 165.4M | 161.6M | 158.5M | 158.1M | 51.4M | 51M | 47.8M |
| Net debt | 99.2M | 114.4M | 103.3M | -276.4M | -258.6M | -313M | -335.1M | -377.4M | -370.5M | -431.8M |
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 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Net income | -269.5M | -195.1M | -239.1M | -159.9M |
| Depreciation & amortization | 57.7M | 81M | 80.2M | 83.2M |
| Stock-based compensation | 64.1M | 102.5M | 163.7M | 197.1M |
| Change in working capital | -9.8M | -48.4M | -50.3M | -55.8M |
| Operating cash flow | -148M | -42.2M | -26.3M | 110.1M |
| Capital expenditure | -76.5M | -28.9M | -3.8M | -19.9M |
| Investing cash flow | -665.7M | -27.3M | -5M | -39.7M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | -16.5M | -329.5M | 0 |
| Financing cash flow | 881.6M | 14.6M | 273.1M | -107.6M |
| Net change in cash | 67.9M | -55M | 241.8M | -37.2M |
| Free cash flow | -212.7M | -84.3M | 15.5M | 85.1M |
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 24 | Q4 24 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -39.7M | -51.4M | -35.7M | -46.5M | -100.9M | -46.4M | -32.2M | -39.5M | -41.7M | -22.8M | -24.9M |
| Depreciation & amortization | 20M | 23M | 19.9M | 20.2M | 20.4M | 20M | 20M | 20.5M | 22.7M | 19.6M | 19.9M |
| Stock-based compensation | 19.5M | 30.4M | 23.7M | 25.4M | 94.7M | 43.7M | 49.3M | 49.7M | 54.4M | 54.6M | 60.6M |
| Change in working capital | -8.2M | -12.9M | -17.2M | -16.8M | -12.8M | -10.2M | -13.1M | -13.3M | -19.2M | -19.2M | -14M |
| Operating cash flow | -3.2M | -6.6M | -4.5M | -12.9M | 5.9M | 12.6M | 40.3M | 43.8M | 40.6M | -1.6M | 58M |
| Capital expenditure | -2.8M | -5.1M | -1.2M | -1M | -997K | -1.3M | -4.9M | -4.1M | -4.4M | -6.7M | -4.8M |
| Investing cash flow | -2.8M | -5.1M | -1.2M | -1M | -997K | -1.3M | -4.9M | -23.9M | -4.4M | -6.7M | -4.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | -4.5M | -8.3M | -5.4M | -310.6M | 0 | 0 | 0 | 0 | — | — |
| Financing cash flow | -570K | -5.5M | -9.1M | -6M | 294.6M | -801K | -335K | -268K | -106.2M | 0 | 0 |
| Net change in cash | -6.7M | -17.3M | -14.7M | -19.8M | 299.5M | 10.5M | 35.1M | 19.6M | -70M | -8.2M | 53.2M |
| Free cash flow | -6.2M | -2.2M | 18.7M | 10.6M | 10.8M | -22.3M | 34.3M | 37.7M | 35.4M | -9.6M | 50.5M |