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 % |
|---|---|---|---|---|---|---|
| Q3 23 | -$44.8 | -$47.3 | -5.6% | — | $3M | — |
| Q2 23 | -$43.5 | -$41 | +5.8% | — | $53.5M | — |
| Q1 23 | -$46 | -$46 | 0.0% | — | $0 | — |
| Q4 22 | -$50.7 | -$46.1 | +9.2% | — | $209.3M | — |
| Q3 22 | -$49.8 | -$60.8 | -22.1% | — | $340.8M | — |
| Q2 22 | -$59.9 | -$58.4 | +2.4% | — | $475.4M | — |
| Q1 22 | -$80.9 | -$56.8 | +29.8% | — | $923.8M | — |
| Q4 21 | -$61.6 | -$75.2 | -22.1% | — | $934.5M | — |
| Q3 21 | -$58.7 | -$56 | +4.6% | — | $896.8M | — |
| Q2 21 | -$39.5 | -$38.4 | +2.7% | — | $761.9M | — |
| Q1 21 | -$49.9 | -$45.6 | +8.7% | — | $591.1M | — |
| Q4 20 | -$29.8 | -$35.2 | -18.0% | — | $405.8M | — |
| Q3 20 | -$29.2 | -$24.8 | +15.0% | — | $323M | — |
| Q2 20 | -$59 | -$27.2 | +53.9% | — | $253.1M | — |
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 | — | -$10.2 | — | — | $6.9M | — |
| FY24 | — | -$91.1 | — | — | $11.6M | — |
| FY23 | — | -$209.7 | — | — | $893.2M | — |
| FY22 | — | -$262.4 | — | — | $1.9B | — |
| FY21 | — | -$217.6 |
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 | $855.4M | $1.2B | $1.4B | $3.2B | $1.9B | $893.2M | $11.6M | $6.9M |
| YoY change | — | +39.3% | +13.9% | +134.5% | -38.8% | -54.2% | -98.7% | -40.4% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
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 | 855.4M | 1.2B | 1.4B | 3.2B | 1.9B | 893.2M | 11.6M | 6.9M |
| Cost of revenue | 794.6M | 1.1B | 1.3B | 3B | 1.7B | 731.3M | — | — |
| Gross profit | 60.8M | 57.9M | 71.5M | 202.1M | 244.8M | 161.9M | 11.6M | — |
| Gross margin | 7.11% | 4.85% | 5.27% | 6.35% | 12.6% | 18.1% | 100% | — |
| Research & development | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 133.8M | 185M | 245.5M | 547.8M | 566.4M | 340.7M | 109.3M | 82.1M |
| Operating expenses | 133.8M | 185M | 245.5M | 547.8M | 566.4M | 340.7M | 124.4M | 82.1M |
| Operating income | -79.9M | -133.1M | -178.6M | -358.6M | -359.9M | -221.5M | -126.8M | -78.5M |
| Operating margin | -9.34% | -11.2% | -13.2% | -11.3% | -18.5% | -24.8% | -1.1K% | -1.1K% |
| Non-operating income, net | 321K | -673K | -20.4M | 65K | -90.4M | -119.2M | -147.2M | -93.5M |
| Pretax income | -84.9M | -142.8M | -202.7M | -370.2M | -471.6M | -364.9M | -137.4M | -53.8M |
| Income tax | 229K | 168K | 84K | 754K | -19.7M | 615K | 856K | 294K |
| Net income | -85.2M | -143M | -202.8M | -370.9M | -451.9M | -365.5M | -165.1M | -53M |
| Net margin | -9.96% | -12% | -14.9% | -11.6% | -23.2% | -40.9% | -1.4K% | -767.3% |
| EBITDA | -69.3M | -121.3M | -167.9M | -335M | -345M | -265.1M | -32.4M | 7.1M |
| EPS | -83.6 | -234.7 | -220.8 | -217.6 | -262.4 | -209.7 | -91.1 | -10.2 |
| Diluted EPS | -83.6 | -234.7 | -220.8 | -217.6 | -262.4 | -209.7 | -91.1 | -10.2 |
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 | 3M | 235.9M | 0 | 57.7M | 2.9M | 2.8M | 0 | 0 | 0 | 6.9M | 0 | 43.6M |
| Cost of revenue | 187.5M | 206.9M | — | 15M | — | — | — | — | 16.3M | — | 19.1M | 30.7M |
| Gross profit | 48.1M | 29M | — | 42.8M | — | — | — | — | -16.3M | — | -19.1M | 12.9M |
| Gross margin | 1.6K% | 12.3% | — | 74.1% | — | — | — | — | — | — | — | 29.5% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 3.6M | 77.6M | 27.5M | 28.7M | 1.6M | 102.9M | 21.4M | 23.1M | 1.5M | 73.2M | 4.5M | 2M |
| Operating expenses | 3.6M | 77.6M | 33.9M | 32.7M | 1.6M | 102.9M | 21.4M | 23.1M | 1.5M | 73.2M | 4.5M | 2M |
| Operating income | -7.9M | -59.5M | -41.6M | 6.9M | -5.8M | -107.2M | -22M | -23.8M | -18.8M | -13.9M | -25M | 9.4M |
| Operating margin | -265.1% | -25.2% | — | 11.9% | -200.8% | -3.8K% | — | — | — | -200.6% | — | 21.6% |
| Non-operating income, net | -61M | -72.4M | -38M | -24.6M | -65.1M | 38.3M | -9.8M | -16.9M | -39M | -27.8M | -23.1M | -7.8M |
| Pretax income | -34.6M | -141.6M | -44.2M | -19.3M | -37.6M | -36.3M | -6.3M | -8.9M | -27M | -11.6M | -18.9M | 531K |
| Income tax | 117K | -303K | 436K | -167K | 124K | 463K | 150K | 59K | 144K | -59K | 192K | -24K |
| Net income | -82.7M | -141.3M | -67.6M | -21.2M | -39.7M | -36.6M | -6.4M | -8.5M | -26.8M | -11.4M | -19.1M | 628K |
| Net margin | -2.8K% | -59.9% | — | -36.7% | -1.4K% | -1.3K% | — | — | — | -164.9% | — | 1.44% |
| EBITDA | -14.1M | -86.9M | -18.1M | -10.5M | -11.2M | -7.6M | 10.1M | 5.7M | -12M | 3.3M | -4.2M | 3.1M |
| EPS | -47.4 | — | -37.7 | -11.8 | -22 | -20.1 | -1.23 | -1.65 | -5.15 | — | -3.77 | -0.01 |
| Diluted EPS | -47.4 | — | -37.7 | -11.8 | -22 | -20.1 | -1.23 | -1.65 | -5.15 | — | -3.77 | -0.01 |
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 | — | — | — | — | 140.7M | 84M | 9.4M | — | 50.8M |
| Enterprise value | — | — | — | — | 706.9M | 1.2B | 732.4M | — | 834M |
| Shares outstanding | 1.2M | 1.2M | 916.8K | 1.7M | 1.7M | 1.7M | 1.8M | 5.2M | 5.2M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -0.95 |
| P/S | — | — | — | — | 0.07 | 0.09 | 0.81 | — | 0.25 |
| P/B | — | — | — | — | 0.3 | 0.69 | -0.3 | — | 0.51 |
| EV/EBITDA | — | — | — | — | -2.05 | -4.44 | -22.6 | — | 71.4 |
| EV/Sales | — | — | — | — | 0.36 | 1.32 | 63.1 | — | 4.01 |
| Earnings yield | — | — | — | — | — | — | — | — | -105% |
| FCF yield | — | — | — | — | -94.8% | -652.8% | -1.1K% | — | 8.12% |
| PEG | — | — | — | — | — | — | — | — | 0.01 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 7.11% | 4.85% | 5.27% | 6.35% | 12.6% | 18.1% | 100% | — | 29.5% |
| Operating margin | -9.34% | -11.2% | -13.2% | -11.3% | -18.5% | -24.8% | -1.1K% | -1.1K% | 30.9% |
| Net margin | -9.96% | -12% | -14.9% | -11.6% | -23.2% | -40.9% | -1.4K% | -767.3% | -27.8% |
| ROE | 28.7% | 24.9% | -16.5% | -40.5% | -95.1% | -299.3% | 533.6% | -45.5% | -42.8% |
| ROA | -21.7% | -25.4% | -11.8% | -15.7% | -27.9% | -24.8% | -15.5% | -5.66% | 0.44% |
| ROIC | 23.6% | 21.5% | -34.5% | -38.9% | -34.6% | -18.2% | -18.3% | -8.87% | -5.6% |
| Return on tangible assets | -37.3% | -35.2% | -12.9% | -18.6% | -34.7% | -30.2% | -19.3% | -5.81% | -6.16% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.95 | 1.79 | 3.31 | 2.54 | 1.73 | 1.11 | 2.48 | 2.57 | 3.37 |
| Quick ratio | 1.19 | 1 | 2.43 | 1.66 | 1.28 | 0.92 | 2.48 | 2.57 | 3.62 |
| Debt / equity | -0.4 | -0.3 | 0.28 | 1.25 | 2.07 | 10.1 | -24.3 | 6.68 | 6.43 |
| Debt / assets | 0.31 | 0.31 | 0.2 | 0.48 | 0.61 | 0.84 | 0.71 | 0.83 | 0.83 |
| Net debt / EBITDA | 0.6 | 0.37 | 4.22 | -0.02 | -1.64 | -4.12 | -22.3 | 108.3 | -77.4 |
| Interest coverage | -8.98 | -8.78 | -20 | -15.9 | -10.6 | -7.03 | -1.11 | -0.01 | -0.35 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 728 | 1K | 1.5K | 1.9K | 1.1K | 512.4 | 6.4 | 1.33 | 40 |
| EPS (basic) | -83.6 | -234.7 | -220.8 | -217.6 | -262.4 | -209.7 | -91.1 | -10.2 | -10.2 |
| EPS (diluted) | -83.6 | -234.7 | -220.8 | -217.6 | -262.4 | -209.7 | -91.1 | -10.2 | -11.2 |
| Book value per share | -252.6 | -488.4 | 1.3K | 536.7 | 275.7 | 70.1 | -17.1 | 22.5 | 19.1 |
| FCF per share | -57 | -186.5 | -399.8 | -350.1 | -77.3 | -314.7 | -55.4 | 13.1 | 13.6 |
| Cash per share | 137.6 | 185.3 | 1.2K | 664 | 243.4 | 80.4 | 16.2 | 2 | 3.13 |
| Capex per share | 10.9 | 3 | 12.4 | 16.7 | 14.1 | 8.49 | 1.92 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.49% | 0.3% | 0.83% | 0.89% | 1.24% | 1.66% | 30% | — | — |
| Capex / operating cash flow | -18.1% | -1.57% | -2.8% | -4.61% | -29.2% | -2.62% | -1.98% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $3.2B |
| — |
| FY20 | — | -$220.8 | — | — | $1.4B | — |
| FY19 | — | -$234.7 | — | — | $1.2B | — |
| FY18 | — | -$83.6 | — | — | $855.4M | — |
| 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 | $3M | $235.9M | $0 | $57.7M | $2.9M | $2.8M | $0 | $0 | $0 | $6.9M | $0 | $43.6M |
| YoY change | -99.1% | +12.7% | 0% | +7.88% | -3.6% | -98.8% | 0% | -100% | -100% | +144.5% | 0% | +InfinityT% |
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 | 161.7M | 217.7M | 1.1B | 1.1B | 419.5M | 140.1M | 29.3M | 10.4M |
| Receivables | 13.2M | 30.8M | 60.6M | 105.4M | 14M | 9.1M | — | — |
| Inventory | 115.6M | 205.7M | 423.6M | 726.4M | 320.6M | 163.3M | — | — |
| Total current assets | 297.5M | 465.3M | 1.6B | 2.1B | 1.2B | 952.6M | 915.4M | 887.8M |
| Property, plant & equipment | 7.7M | 7.8M | 32.2M | 52.4M | 73.8M | 31.2M | 10.9M | 12.5M |
| Goodwill & intangibles | 164.2M | 156.9M | 156.4M | 374M | 317.8M | 263.8M | 209.7M | 24.7M |
| Total assets | 392.8M | 563.4M | 1.7B | 2.4B | 1.6B | 1.5B | 1.1B | 937.4M |
| Accounts payable | 14.8M | 19M | 32.9M | 52.7M | 34.7M | 26.8M | — | — |
| Short-term debt | 103.9M | 173.5M | 335.3M | 519.7M | 563.5M | 753.6M | 359.9M | 337.2M |
| Total current liabilities | 152.3M | 259.8M | 482.7M | 827.3M | 703.3M | 856.8M | 368.8M | 344.9M |
| Long-term debt | 16M | 0 | 12.1M | 620.2M | 422.3M | 479.4M | 392.4M | 442.3M |
| Total liabilities | 689.7M | 1.1B | 497M | 1.5B | 1.1B | 1.4B | 1.1B | 820.8M |
| Shareholders' equity | -296.9M | -573.9M | 1.2B | 915.2M | 475.2M | 122.2M | -30.9M | 116.6M |
| Total debt | 119.9M | 173.5M | 347.4M | 1.1B | 985.8M | 1.2B | 752.3M | 779.5M |
| Net debt | -41.7M | -44.3M | -708.8M | 7.6M | 586.8M | 1.1B | 723M | 769.1M |
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 | 213.8M | 140.1M | 91M | 63.4M | 51.1M | 29.3M | 14.6M | 14.3M | 12.4M | 10.4M | 14.5M | 16.4M |
| Receivables | 9M | 9.1M | — | — | — | — | — | — | — | — | — | — |
| Inventory | 240.7M | 163.3M | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1B | 952.6M | 1B | 1B | 965.8M | 915.4M | 938.6M | 929.3M | 898M | 887.8M | 889.8M | 894.9M |
| Property, plant & equipment | 80.1M | 31.2M | 9.2M | 11.1M | 9.9M | 10.9M | 9.1M | 10.3M | 11.7M | 12.5M | 12.9M | 13M |
| Goodwill & intangibles | 277.3M | 263.8M | 250.3M | 236.8M | 223.3M | 209.7M | 27.6M | 26.6M | 25.7M | 24.7M | 23.8M | 22.8M |
| Total assets | 1.6B | 1.5B | 1.2B | 1.2B | 1.1B | 1.1B | 990M | 979.8M | 949.2M | 937.4M | 937.8M | 941.3M |
| Accounts payable | 27.3M | 26.8M | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 713.7M | 753.6M | 516.3M | 270.8M | 321.8M | 359.9M | 114.2M | 205.8M | 269.8M | 337.2M | 178M | 240.8M |
| Total current liabilities | 823.2M | 856.8M | 550M | 285.1M | 333.3M | 368.8M | 122M | 214M | 275.9M | 344.9M | 184.4M | 247M |
| Long-term debt | 548.3M | 479.4M | 558M | 806.3M | 740.8M | 392.4M | 665.6M | 573.5M | 511.6M | 442.3M | 596.8M | 537.9M |
| Total liabilities | 1.4B | 1.4B | 1.2B | 1.1B | 1.1B | 1.1B | 831.3M | 827.8M | 822.6M | 820.8M | 839.4M | 841.6M |
| Shareholders' equity | 258.3M | 122.2M | 61.5M | 43.1M | 4.7M | -30.9M | 158.6M | 151.9M | 126.6M | 116.6M | 98.4M | 99.8M |
| Total debt | 1.3B | 1.2B | 1.1B | 1.1B | 1.1B | 752.3M | 779.8M | 779.3M | 781.4M | 779.5M | 774.8M | 778.6M |
| Net debt | 1.1B | 1.1B | 983.2M | 1B | 1B | 723M | 765.3M | 765M | 769M | 769.1M | 760.3M | 762.3M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -85.2M | -143M | -202.8M | -370.9M | -451.9M | -365.5M | -138.2M | -54M |
| Depreciation & amortization | 6.9M | 6.2M | 4.7M | 13.2M | 38.7M | 43.5M | 29.1M | 3.4M |
| Stock-based compensation | 1.2M | 2.8M | 13.3M | 13.4M | 12M | 10.1M | 5.9M | 5.2M |
| Change in working capital | 6.2M | -94.2M | -220M | -275.1M | 351.7M | 149.2M | 7.3M | 4.9M |
| Operating cash flow | -70.6M | -225.3M | -404M | -616.3M | -83M | -564.8M | -176.3M | 75.2M |
| Capital expenditure | 12.8M | -3.5M | -11.3M | -28.4M | -24.2M | -14.8M | -3.5M | — |
| Investing cash flow | 12.8M | -3.5M | -11.3M | -104.3M | -164.2M | 173.2M | 114.9M | -101.7M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -5.8M | -4.7M | 0 | — | — | — | — |
| Financing cash flow | 124.5M | -640.8M | 143M | -1.7B | -2.6B | -878.3M | -394.8M | -340.9M |
| Net change in cash | 66.7M | -869.6M | -272.3M | -2.5B | -2.8B | -1.3B | -456.2M | -367.5M |
| Free cash flow | -67M | -219.2M | -366.6M | -597.1M | -133.3M | -548.5M | -100.5M | 68.1M |
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 | -34.7M | -141.3M | -44.7M | -19.1M | -37.7M | -36.7M | -6.5M | -8.9M | -27.1M | -11.5M | -19M | 555K |
| Depreciation & amortization | 7.3M | 11.1M | 7.6M | 7.2M | 7.1M | 7.1M | 575K | 742K | 998K | 1M | 1.3M | 1.5M |
| Stock-based compensation | 1.8M | 2.8M | 1.3M | 2.6M | 1M | 936K | 491K | 1.8M | 1.4M | 1.4M | 1.4M | 1.4M |
| Change in working capital | -35.3M | 60.7M | 3.3M | -10.6M | 3.6M | 8.3M | 88K | -9K | -1.1M | 6.3M | 3.8M | -1.4M |
| Operating cash flow | -153.7M | -170.5M | -78.1M | -46.2M | -31.4M | -20.6M | 13.1M | 17.7M | 19.4M | 21.2M | 18.4M | 18.6M |
| Capital expenditure | -677K | -3.3M | -644K | -282K | -1.2M | -1.4M | -1.5M | — | — | — | — | — |
| Investing cash flow | 45.1M | 35.7M | 35.3M | 30.7M | 26M | 22.8M | -48.3M | -16.9M | -15.7M | -22.3M | -27.5M | -25.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 49.1M | -215.2M | -11.4M | -312.2M | -25.6M | -45.6M | -301M | -1.7M | -11M | -27.2M | -228.3M | -3.9M |
| Net change in cash | -59.5M | -350M | -54.2M | -327.7M | -31M | -43.3M | -336.2M | -849K | -7.3M | -28.3M | -237.4M | -10.5M |
| Free cash flow | -194.2M | -111.3M | 22.5M | -66.6M | -32.9M | -23.5M | 15.4M | 16M | 17.2M | 19.6M | 16.9M | 17.3M |