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 | -$0.64 | -$0.69 | -7.8% | — | $0 | — |
| Q1 26 | -$0.59 | -$0.64 | -8.5% | — | $0 | — |
| Q4 25 | -$0.53 | -$0.57 | -7.5% | — | $0 | — |
| Q3 25 | -$0.51 | -$0.5 | +2.0% | — | $0 | — |
| Q2 25 | -$0.51 | -$0.47 | +7.8% | — | $0 | — |
| Q1 25 | -$0.48 | -$0.47 | +2.1% | — | $0 | — |
| Q4 24 | -$0.47 | -$0.43 | +8.5% | — | $0 | — |
| Q3 24 | -$0.39 | -$0.41 | -5.1% | — | $0 | — |
| Q2 24 | -$0.39 | -$0.32 | +17.9% | — | $0 | — |
| Q1 24 | -$0.46 | -$0.35 | +23.9% | — | $0 | — |
| Q4 23 | -$0.47 | -$0.53 | -12.8% | — | $0 | — |
| Q3 23 | -$0.35 | -$0.49 | -40.0% | — | $0 | — |
| Q2 23 | -$0.34 | -$0.31 | +8.8% | — | $0 | — |
| Q1 23 | -$0.37 | -$0.28 | +24.3% | — | $0 | — |
| Q4 22 | -$0.36 | -$0.31 | +13.9% | — | $0 | — |
| Q3 22 | -$0.41 | -$0.3 | +26.8% | — | $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 | — | -$2.01 | — | — | $0 | — |
| FY24 | — | -$1.51 | — | — | $0 | — |
| FY23 | — | -$1.62 | — | — | $0 | — |
| FY22 | — | -$1.32 | — | — | $0 | — |
| FY21 | — | -$1.91 |
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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 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 |
|---|
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 1.8M | 7.2M | 20.6M | 43M | 62.5M | 80.1M | 102.9M |
| Selling, general & administrative | 1.3M | 2.1M | 5.7M | 15.9M | 17.4M | 24.1M | 29.8M |
| Operating expenses | 3.1M | 9.3M | 26.3M | 58.9M | 79.9M | 104.2M | 132.8M |
| Operating income | -3.1M | -9.3M | -26.3M | -58.9M | -79.9M | -104.2M | -132.8M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | -942K | -38K | -19K | -50K | -39K | — | — |
| Pretax income | -4.1M | -9.3M | -26.3M | -55.3M | -69.1M | -86.5M | -119.9M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -4.1M | -9.3M | -26.3M | -55.3M | -69.1M | -86.5M | -119.9M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -3.1M | -9.3M | -26.1M | -58.6M | -79.6M | -103.7M | -132.2M |
| EPS | -0.4 | -0.42 | -1.91 | -1.32 | -1.62 | -1.51 | -2.01 |
| Diluted EPS | -0.4 | -0.42 | -1.91 | -1.32 | -1.62 | -1.51 | -2.01 |
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 | 19.3M | 20.7M | 17.2M | 18M | 22.7M | 22.2M | 25M | 24.3M | 25.5M | 28.2M | 33.5M | 39.2M |
| Selling, general & administrative | 4.7M | 5M | 5.1M | 5.5M | 5.9M | 7.6M | 6.9M | 7.1M | 7.5M | 8.3M | 8.5M | 9.8M |
| Operating expenses | 24M | 25.6M | 22.3M | 23.5M | 28.6M | 29.7M | 31.9M | 31.5M | 32.9M | 36.5M | 42M | 49M |
| Operating income | -24M | -25.6M | -22.3M | -23.5M | -28.6M | -29.7M | -31.9M | -31.5M | -32.9M | -36.5M | -42M | -49M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -5K | -11K | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -21.2M | -22.8M | -18.2M | -18.7M | -24M | -25.6M | -28.1M | -28.1M | -29.9M | -33.8M | -39.3M | -45.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -21.2M | -22.8M | -18.2M | -18.7M | -24M | -25.6M | -28.1M | -28.1M | -29.9M | -33.8M | -39.3M | -45.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -23.9M | -25.5M | -22.2M | -23.4M | -28.5M | -29.6M | -31.7M | -31.3M | -32.8M | -36.4M | -41.9M | -48.9M |
| EPS | -0.49 | — | -0.35 | -0.32 | -0.41 | -0.43 | -0.47 | -0.47 | -0.5 | -0.57 | -0.64 | -0.69 |
| Diluted EPS | -0.49 | — | -0.35 | -0.32 | -0.41 | -0.43 | -0.47 | -0.47 | -0.5 | -0.57 | -0.64 | -0.69 |
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 | — | — | — | — | 591.5M | — | 1.6B | 1.5B |
| Enterprise value | — | — | — | — | 394.5M | — | 1.3B | 950.2M |
| Shares outstanding | 10.2M | 22.5M | 13.8M | 41.9M | 42.7M | 57.2M | 59.6M | 59.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -10.7 |
| P/B | — | — | — | — | 2.9 | — | 6.05 | 3.67 |
| EV/EBITDA | — | — | — | — | -4.96 | — | -9.96 | -5.94 |
| Earnings yield | — | — | — | — | — | — | — | -9.36% |
| FCF yield | — | — | — | — | -8.61% | — | -6.08% | -4.28% |
| PEG | — | — | — | — | — | — | — | -0.23 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | 85.7% | 68.5% | -8.71% | -21.5% | -33.8% | -25.2% | -46.3% | -45.3% |
| ROA | -769.9% | -58.3% | -8.57% | -20.8% | -30.6% | -23.8% | -42.4% | -28.5% |
| Return on tangible assets | -769.9% | -58.3% | -8.57% | -20.8% | -30.6% | -23.8% | -42.4% | -38.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.02 | 8.22 | 84.1 | 45.1 | 13.8 | 23.8 | 14.7 | 14.9 |
| Quick ratio | 0.02 | 8.22 | 84.1 | 45.1 | 13.8 | 23.8 | 14.7 | 14.9 |
| Debt / equity | -0.05 | -0.01 | 0 | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 |
| Debt / assets | 0.48 | 0.01 | 0 | 0.01 | 0.03 | 0.02 | 0.02 | 0.01 |
| Net debt / EBITDA | -0.05 | 1.63 | 11.5 | 4.24 | 2.47 | 3.23 | 1.89 | 2.18 |
| Interest coverage | -4.1K | -9.3K | — | — | — | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.4 | -0.42 | -1.91 | -1.32 | -1.62 | -1.51 | -2.01 | -2.01 |
| EPS (diluted) | -0.4 | -0.42 | -1.91 | -1.32 | -1.62 | -1.51 | -2.01 | -2.39 |
| Book value per share | -0.47 | -0.61 | 21.9 | 6.16 | 4.78 | 6 | 4.35 | 5.93 |
| FCF per share | -0.26 | -0.36 | -1.77 | -1.21 | -1.19 | -1.23 | -1.6 | -1.67 |
| Cash per share | 0.01 | 0.68 | 21.9 | 6 | 4.76 | 5.97 | 4.3 | 5.93 |
| Capex per share | 0 | 0.01 | 0.05 | 0.01 | 0.02 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.75% | -3.98% | -2.98% | -1.33% | -1.39% | -1.05% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.42 | — | — | $0 | — |
| FY19 | — | -$0.4 | — | — | $0 | — |
| 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 |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 108K | 15.2M | 302.2M | 251.2M | 203.5M | 341.4M | 256M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 127K | 15.3M | 304.1M | 257.3M | 211.7M | 347.5M | 265.4M |
| Property, plant & equipment | 276K | 466K | 2.1M | 1.1M | 1.6M | 1.7M | 6.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 528K | 16M | 306.7M | 266.2M | 225.9M | 363.6M | 282.6M |
| Accounts payable | 327K | 664K | 599K | 1.1M | 4.7M | 590K | 1.2M |
| Short-term debt | 139K | 142K | 202K | 140K | 280K | 412K | 472K |
| Total current liabilities | 5.2M | 1.9M | 3.6M | 5.7M | 15.3M | 14.6M | 18.1M |
| Long-term debt | 114K | 0 | 981K | 2.5M | 6.2M | 5.8M | 5.3M |
| Total liabilities | 5.3M | 29.6M | 5M | 8.4M | 21.6M | 20.4M | 23.4M |
| Shareholders' equity | -4.7M | -13.6M | 301.7M | 257.8M | 204.3M | 343.2M | 259.2M |
| Total debt | 253K | 142K | 1.2M | 2.6M | 6.5M | 6.2M | 5.8M |
| Net debt | 145K | -15.1M | -301M | -248.6M | -51.5M | -85.7M | -71.6M |
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 | 215.7M | 203.5M | 382.5M | 373.8M | 360.1M | 341.4M | 318.9M | 296.3M | 274.9M | 256M | 383.5M | 353.9M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 224.6M | 211.7M | 390.8M | 378.6M | 365.6M | 347.5M | 324.6M | 302.2M | 281.2M | 265.4M | 394.6M | 367M |
| Property, plant & equipment | 7.4M | 1.6M | 8M | 8.2M | 8M | 1.7M | 1.5M | 1.4M | 1.3M | 6.9M | 6.7M | 6.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 238.4M | 225.9M | 404.7M | 392.5M | 380.6M | 363.6M | 343.5M | 321.5M | 301.9M | 282.6M | 412M | 383.4M |
| Accounts payable | 2.3M | 4.7M | 2.9M | 1.6M | 1.2M | 590K | 2.5M | 2.2M | 2M | 1.2M | 3.6M | 2.3M |
| Short-term debt | 148K | 280K | 370K | 383K | 398K | 412K | 426K | 441K | 456K | 472K | 488K | 504K |
| Total current liabilities | 10.1M | 15.3M | 8.7M | 10.4M | 12.4M | 14.6M | 14.2M | 13.8M | 15.9M | 18.1M | 19.3M | 24.6M |
| Long-term debt | 6M | 6.2M | 6.1M | 6M | 5.9M | 5.8M | 5.7M | 5.6M | 5.5M | 5.3M | 5.2M | 5.1M |
| Total liabilities | 16.2M | 21.6M | 14.9M | 16.4M | 18.3M | 20.4M | 19.9M | 19.4M | 21.3M | 23.4M | 24.5M | 29.7M |
| Shareholders' equity | 222.2M | 204.3M | 389.9M | 376M | 362.3M | 343.2M | 323.5M | 302.1M | 280.5M | 259.2M | 387.6M | 353.7M |
| Total debt | 6.1M | 6.5M | 6.5M | 6.4M | 6.3M | 6.2M | 6.1M | 6M | 5.9M | 5.8M | 5.7M | 5.6M |
| Net debt | -209.5M | -51.5M | -247.9M | -93.1M | -97.6M | -85.7M | -94.6M | -92.5M | -56M | -71.6M | -79.3M | -68.3M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -4.1M | -9.3M | -26.3M | -55.3M | -69.1M | -86.5M | -119.9M |
| Depreciation & amortization | 8K | 47K | 140K | 296K | 353K | 519K | 546K |
| Stock-based compensation | 0 | 439K | 2.9M | 10.6M | 13.5M | 22.8M | 28M |
| Change in working capital | 462K | 1M | 1.6M | 2.4M | -186K | 184K | 83K |
| Operating cash flow | -2.7M | -7.8M | -21.6M | -42M | -55.4M | -63M | -95.1M |
| Capital expenditure | -20K | -312K | -645K | -559K | -770K | -664K | — |
| Investing cash flow | -20K | -312K | -645K | -559K | -144.6M | -98.4M | 72.6M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | -420K | 0 |
| Financing cash flow | 157K | 23.3M | 310.8M | 0 | — | 199.6M | 0 |
| Net change in cash | -2.5M | 15.2M | 288.5M | -42.6M | -200M | 38.2M | -22.5M |
| Free cash flow | -2.6M | -8.1M | -24.4M | -50.8M | -50.9M | -70.4M | -95.3M |
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 | -21.2M | -22.8M | -18.2M | -18.7M | -24M | -25.6M | -28.1M | -28.1M | -29.9M | -33.8M | -39.3M | -45.6M |
| Depreciation & amortization | 83K | 102K | 122K | 126K | 127K | 144K | 143K | 140K | 131K | 132K | 138K | 138K |
| Stock-based compensation | 4.4M | 4.2M | 4.1M | 4.4M | 7.6M | 6.7M | 6.4M | 6.4M | 7.6M | 7.6M | 7.8M | 10.2M |
| Change in working capital | 151K | 94K | 105K | 29K | 27K | 23K | 22K | 25K | 19K | 17K | 17K | 17K |
| Operating cash flow | -16.5M | -18.4M | -13.8M | -14.1M | -16.3M | -18.7M | -21.6M | -23.7M | -22.4M | -23.6M | -32.6M | -31.1M |
| Capital expenditure | -83K | -603K | -136K | -470K | -52K | -6K | -14K | — | — | — | — | — |
| Investing cash flow | -83K | -603K | 18.1M | -145M | 21.6M | 7M | 32M | 20.9M | -14.8M | 34.4M | -120.2M | 17.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | — | -169K | -251K | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Financing cash flow | 0 | — | 199.8M | -251K | 0 | 0 | 0 | 0 | 0 | 0 | 147.9M | 0 |
| Net change in cash | -16.6M | -19.1M | 204.1M | -159.4M | 5.3M | -11.7M | 10.5M | -2.8M | -37.1M | 10.8M | -4.9M | -13.2M |
| Free cash flow | -17.2M | -14.1M | -22.2M | -10.7M | -17.9M | -19.6M | -25.5M | -23.7M | -22.4M | -23.7M | -32.7M | -31.1M |