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 | -$0.7 | -$0.8 | -14.3% | — | $0 | — |
| Q1 26 | -$0.78 | -$0.73 | +6.4% | — | $0 | — |
| Q4 25 | -$1.19 | $307.5 | +25942.9% | — | $0 | — |
| Q3 25 | -$4.1 | -$121.6 | -2866.6% | — | $0 | — |
| Q2 25 | -$11.8 | -$251.2 | -2028.8% | — | $0 | — |
| Q1 25 | -$4.16 | -$5.2 | -25.0% | — | $0 | — |
| Q4 24 | -$6.13 | -$8.8 | -43.6% | — | $0 | — |
| Q3 24 | -$0.4 | -$8 | -1900.0% | — | $0 | — |
| Q2 24 | -$8.29 | -$8.2 | +1.1% | — | $0 | — |
| Q1 24 | -$7.63 | -$9 | -18.0% | — | $0 | — |
| Q4 23 | -$9.94 | -$7.8 | +21.5% | — | $0 | — |
| Q3 23 | -$0.47 | -$0.49 | -4.3% | — | $0 | — |
| Q2 23 | -$0.43 | -$0.45 | -4.7% | — | $0 | — |
| Q1 23 | -$0.38 | -$0.43 | -13.2% | — | $0 | — |
| Q4 22 | -$0.6 | -$0.52 | +13.3% | — | $0 | — |
| Q3 22 | -$0.61 | -$0.63 | -3.3% | — | $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 | — | -$70.5 | — | — | $0 | — |
| FY24 | — | -$34 | — | — | $0 | — |
| FY23 | — | -$1.75 | — | — | $0 | — |
| FY22 | — | -$2.33 | — | — | $0 | — |
| FY21 | — | -$2.1 | — | — | $0 | — |
| FY20 | — | -$1.42 | — | — | $0 | — |
| FY19 | — | -$1.03 | — | — | $0 | — |
| FY18 | — | -$0.73 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 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 | 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% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 2.4M | 6.2M | 31.6M | 47.5M | 64.5M | 94.3M | 93.3M | 321.5M |
| Selling, general & administrative | 427K | 4.2M | 11.7M | 21.5M | 28.9M | 31.7M | 27.9M | 50.1M |
| Operating expenses | 2.9M | 10.4M | 43.4M | 69M | 93.4M | 126M | 121.2M | 371.6M |
| Operating income | -2.9M | -10.4M | -43.4M | -69M | -93.4M | -126M | -121.2M | -371.6M |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | -289K | 32K | — | — | — | — | — | -330.2M |
| Pretax income | -4.2M | -10.8M | -43.3M | -68.9M | -92.1M | -117.9M | -116.9M | -696M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -4.2M | -10.8M | -43.3M | -68.9M | -92.1M | -117.9M | -116.9M | -696M |
| Net margin | — | — | — | — | — | — | — | — |
| EBITDA | -2.8M | -10.2M | -42.8M | -67.6M | -90.9M | -122.5M | -117.7M | -34.4M |
| EPS | -0.73 | -1.03 | -1.42 | -2.1 | -2.33 | -1.75 | -34 | -70.5 |
| Diluted EPS | -0.73 | -1.03 | -1.42 | -2.1 | -2.33 | -1.75 | -34 | -70.5 |
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 | 27.6M | 20.9M | 24.3M | 21.8M | 21.8M | 25.3M | 26.7M | 261.5M | 14.1M | 19.2M | 17.6M | 25.9M |
| Selling, general & administrative | 7.7M | 7.2M | 8M | 7.2M | 6.7M | 6M | 6.6M | 12.8M | 14M | 16.8M | 17.6M | 21.9M |
| Operating expenses | 35.3M | 28.1M | 32.3M | 29M | 28.5M | 31.3M | 33.3M | 274.3M | 28.1M | 36M | 35.2M | 47.9M |
| Operating income | -35.3M | -28.1M | -32.3M | -29M | -28.5M | -31.3M | -33.3M | -274.3M | -28.1M | -36M | -35.2M | -47.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | -1.3B | -786.3M | 1.8B | -188.4M | -19.3M |
| Pretax income | -33.2M | -26.3M | -30.8M | -27.8M | -27.6M | -30.7M | -32.5M | -1.6B | -812.7M | 1.7B | -219.6M | -62.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -33.2M | -26.3M | -30.8M | -27.8M | -27.6M | -30.7M | -32.5M | -1.6B | -812.7M | 1.7B | -219.6M | -62.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -34.4M | -27.2M | -31.4M | -28.2M | -27.7M | -30.4M | -32.5M | 1B | 762.4M | -1.8B | 153.2M | -28.5M |
| EPS | -0.49 | — | -0.45 | -0.41 | -8 | — | -5.2 | -251.2 | -121.6 | — | -5.11 | -1.16 |
| Diluted EPS | -0.49 | — | -0.45 | -0.41 | -8 | — | -5.2 | -251.2 | -121.6 | — | -5.11 | -1.16 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 929K | 6.5M | 48.5M | 207.5M | 230.2M | 137.2M | 91.9M | 455.2M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 936K | 7.5M | 49.1M | 214.4M | 236.9M | 140.8M | 96.5M | 458.1M |
| Property, plant & equipment | 71K | 728K | 21.8M | 22.6M | 57.1M | 50.1M | 41.6M | 3.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 1M | 9.8M | 75.9M | 242.6M | 299.4M | 198.1M | 142.9M | 464.1M |
| Accounts payable | 38K | 693K | 2.4M | 1.5M | 1.8M | 815K | 1.5M | 5.1M |
| Short-term debt | 4.5M | — | 863K | 1.8M | 3.3M | 3.8M | 4.2M | 280K |
| Total current liabilities | 7.8M | 2.2M | 10.2M | 10.2M | 13.1M | 15.6M | 18.6M | 25.2M |
| Long-term debt | — | 0 | 17.4M | 16.2M | 35.6M | 31.8M | 27.6M | 2.7M |
| Total liabilities | 7.8M | 2.2M | 27.6M | 26.3M | 48.8M | 47.4M | 46.2M | 628.4M |
| Shareholders' equity | -6.8M | 7.6M | 48.3M | 216.3M | 250.6M | 150.7M | 96.7M | -164.3M |
| Total debt | 4.5M | 0 | 18.3M | 18M | 38.9M | 35.7M | 31.8M | 3M |
| Net debt | 3.5M | -6.5M | -30.2M | -101.8M | -18.8M | 4.3M | -50.1M | -393.5M |
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 | 160.1M | 137.2M | 107.5M | 85.9M | 62.8M | 91.9M | 60M | 200.6M | 170.5M | 455.2M | 491.5M | 466.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 164.4M | 140.8M | 111.8M | 90.3M | 67.3M | 96.5M | 64.8M | 204.9M | 172.5M | 458.1M | 500.8M | 475.1M |
| Property, plant & equipment | 52.1M | 50.1M | 48M | 45.9M | 43.8M | 41.6M | 39.7M | 24K | 3.3M | 3.5M | 3.4M | 3.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 223M | 198.1M | 167M | 141.6M | 116M | 142.9M | 109.3M | 205.4M | 176.2M | 464.1M | 506.7M | 481.1M |
| Accounts payable | 1.3M | 815K | 2.3M | 2M | 1.3M | 1.5M | 3.7M | 669K | 885K | 5.1M | 1M | 4M |
| Short-term debt | 3.7M | 3.8M | 4M | 4.1M | 4.2M | 4.2M | 4.3M | — | 252K | 280K | 307K | 335K |
| Total current liabilities | 15.4M | 15.6M | 13.2M | 13.8M | 14.3M | 18.6M | 16.7M | 58.8M | 18.8M | 25.2M | 16.1M | 24.8M |
| Long-term debt | 32.9M | 31.8M | 30.8M | 29.7M | 28.7M | 27.6M | 26.5M | 0 | 2.8M | 2.7M | 2.6M | 2.5M |
| Total liabilities | 48.2M | 47.4M | 44M | 43.5M | 43M | 46.2M | 43.2M | 1.7B | 2.4B | 628.4M | 657.2M | 681.3M |
| Shareholders' equity | 174.8M | 150.7M | 123M | 98.1M | 73M | 96.7M | 66.1M | -1.5B | -2.2B | -164.3M | -150.4M | -200.2M |
| Total debt | 36.6M | 35.7M | 34.7M | 33.8M | 32.9M | 31.8M | 30.8M | 0 | 3.1M | 3M | 2.9M | 2.9M |
| Net debt | -8.4M | 4.3M | -10.2M | -42.3M | -19.9M | -50.1M | -19.3M | -190.6M | -157.4M | -393.5M | -166.9M | -105M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -4.2M | -10.8M | -43.3M | -68.9M | -92.1M | -117.9M | -116.9M | -696M |
| Depreciation & amortization | 20K | 91K | 605K | 1.4M | 2.5M | 3.5M | 3.5M | 2.9M |
| Stock-based compensation | 116K | 172K | 1.3M | 4.3M | 10.7M | 13.4M | 9.8M | 18.9M |
| Change in working capital | — | 0 | -4.6M | -3.2M | -11.2M | -5.5M | -1.4M | -2.4M |
| Operating cash flow | -3M | -10M | -45.2M | -63.2M | -86.5M | -101.8M | -99.9M | -142.7M |
| Capital expenditure | 0 | -748K | -4.2M | -3.9M | -8.5M | -1.1M | -229K | — |
| Investing cash flow | 0 | -748K | -4.2M | -91.7M | -94.1M | 71M | 96.9M | -48.7M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 2.5M | 17.7M | 82.3M | 232.4M | 116M | 3.9M | 53.5M | 326.9M |
| Net change in cash | -549K | 7M | 32.9M | 77.5M | -64.6M | -26.9M | 50.5M | 135.5M |
| Free cash flow | -2.7M | -10.6M | -40.5M | -73M | -93.6M | -101.4M | -99.9M | -143.7M |
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 | -33.2M | -26.3M | -30.8M | -27.8M | -27.6M | -30.7M | -32.5M | -1.6B | -812.7M | 1.7B | -219.6M | -62.8M |
| Depreciation & amortization | 893K | 892K | 943K | 869K | 851K | 865K | 825K | 2M | 2K | 23K | 28K | 36K |
| Stock-based compensation | 3.2M | 1.9M | 3.1M | 2.8M | 2.3M | 1.7M | 1.9M | 1.8M | 8M | 7.1M | 8.9M | 9.4M |
| Change in working capital | -1.7M | -1.7M | -928K | 837K | -415K | -895K | -1M | 670K | 131K | -2.2M | -81K | -69K |
| Operating cash flow | -33.3M | -20.3M | -26.5M | -22.1M | -24.7M | -26.6M | -29.5M | -35.2M | -53.7M | -22.8M | -38.2M | -25.4M |
| Capital expenditure | -465K | -111K | -114K | -9K | -34K | -72K | -231K | — | — | — | — | — |
| Investing cash flow | 40.5M | 10.3M | 44M | 53M | -34K | -72K | -230K | -1K | 0 | -48.7M | -263.2M | -36.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 392K | -15K | 278K | -92K | 111K | 55.5M | -551K | 0 | 19.6M | 307.8M | 74.9M | -107K |
| Net change in cash | 7.6M | -9.9M | 17.8M | 30.8M | -24.6M | 28.8M | -30.2M | -35.2M | -34M | 236.4M | -226.6M | -61.9M |
| Free cash flow | -28.4M | -24.1M | -30.6M | -21.9M | -23.3M | -24.1M | -31.3M | -35.3M | -53.9M | -23.1M | -38.3M | -25.5M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 7.8B | — | — | — | — | 992.1M |
| Enterprise value | — | — | — | 7.6B | — | — | — | — | 632.4M |
| Shares outstanding | 5.7M | 12.2M | 34.6M | 33.4M | 39.6M | 67.2M | 3.4M | 9.9M | 9.9M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 0.1 |
| P/B | — | — | — | 35.9 | — | — | — | — | -4.97 |
| EV/EBITDA | — | — | — | -112.2 | — | — | — | — | -5.39 |
| Earnings yield | — | — | — | — | — | — | — | — | 975.1% |
| FCF yield | — | — | — | -0.94% | — | — | — | — | -8.01% |
| PEG | — | — | — | — | — | — | — | — | -0 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | 61.4% | -141.9% | -89.8% | -31.9% | -36.7% | -78.2% | -120.9% | 423.6% | 423.6% |
| ROA | -412.3% | -110.3% | -57.1% | -28.4% | -30.8% | -59.5% | -81.8% | -150% | -21.4% |
| Return on tangible assets | -412.3% | -110.3% | -57.1% | -28.4% | -30.8% | -59.5% | -81.8% | -150% | 130.5% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.12 | 3.45 | 4.81 | 21.1 | 18.1 | 9.04 | 5.19 | 18.2 | 19.1 |
| Quick ratio | 0.12 | 3.45 | 4.81 | 21.1 | 18.1 | 9.04 | 5.19 | 18.2 | 19.1 |
| Debt / equity | -0.66 | 0 | 0.38 | 0.08 | 0.16 | 0.24 | 0.33 | -0.02 | -0 |
| Debt / assets | 4.43 | 0 | 0.24 | 0.07 | 0.13 | 0.18 | 0.22 | 0.01 | 0.01 |
| Net debt / EBITDA | -1.24 | 0.64 | 0.71 | 2.8 | 2.11 | 0.83 | 0.51 | 13.1 | 0.51 |
| Interest coverage | -3.14 | -16.8 | — | — | — | — | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.73 | -1.03 | -1.42 | -2.1 | -2.33 | -1.75 | -34 | -70.5 | -70.5 |
| EPS (diluted) | -0.73 | -1.03 | -1.42 | -2.1 | -2.33 | -1.75 | -34 | -70.5 | 180.6 |
| Book value per share | -1.2 | 0.63 | 1.39 | 6.47 | 6.34 | 2.24 | 28.1 | -16.6 | -3.68 |
| FCF per share | -0.47 | -0.87 | -1.17 | -2.18 | -2.37 | -1.51 | -29.1 | -14.6 | -2.59 |
| Cash per share | 0.16 | 0.53 | 1.4 | 6.21 | 5.82 | 2.04 | 26.8 | 46.1 | 7.88 |
| Capex per share | 0 | 0.06 | 0.12 | 0.12 | 0.21 | 0.02 | 0.07 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | 0% | -7.5% | -9.2% | -6.16% | -9.79% | -1.05% | -0.23% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |