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 | -$0.27 | -$0.33 | -22.2% | — | $44.8M | — |
| Q1 26 | -$0.19 | -$0.2 | -5.3% | — | $34M | — |
| Q4 25 | -$0.16 | -$0.27 | -68.8% | — | $35.8M | — |
| Q3 25 | -$0.05 | -$0.04 | +20.0% | — | $50.6M | — |
| Q2 25 | -$0.07 | -$0.03 | +57.1% | — | $47.6M | — |
| Q1 25 | -$0.09 | -$0.16 | -77.8% | — | $34.4M | — |
| Q4 24 | -$0.03 | -$0.03 | 0.0% | — | $35M | — |
| Q3 24 | -$0.04 | -$0.05 | -25.0% | — | $27.1M | — |
| Q2 24 | -$0.01 | -$0.03 | -200.0% | — | $35.6M | — |
| Q1 24 | $0.05 | -$0.03 | -160.0% | — | $42.4M | — |
| Q4 23 | -$0.03 | -$0.02 | +33.3% | — | $23.3M | — |
| Q3 23 | -$0.05 | -$0.09 | -80.0% | — | $19.7M | — |
| Q2 23 | -$0.03 | -$0.08 | -166.7% | — | $15.5M | — |
| Q1 23 | -$0.04 | -$0.16 | -300.0% | — | $11.5M | — |
| Q4 22 | -$0.11 | -$0.18 | -63.6% | — | $9.6M | — |
| Q3 22 | -$0.1 | -$0.32 | -220.0% | — | $3.9M | — |
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 | — | -$1.66 | — | — | $168.5M | — |
| FY24 | — | -$0.21 | — | — | $140.1M | — |
| FY23 | — | -$0.35 | — | — | $69.2M | — |
| FY22 | — | -$0.82 | — | — | $15M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $15M | $69.2M | $140.1M | $168.5M |
| YoY change | — | +360.5% | +102.3% | +20.3% |
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, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 15M | 69.2M | 140.1M | 168.5M |
| Cost of revenue | 11.1M | 27.3M | 62.6M | 82.7M |
| Gross profit | 4M | 41.9M | 77.4M | 85.8M |
| Gross margin | 26.3% | 60.5% | 55.3% | 50.9% |
| Research & development | — | — | — | — |
| Selling, general & administrative | 36M | 37M | 70.6M | 147.8M |
| Operating expenses | 39.6M | 38.7M | 78.2M | 167.5M |
| Operating income | -42.3M | -25.2M | -60.6M | -170.3M |
| Operating margin | -281.3% | -36.4% | -43.3% | -101.1% |
| Non-operating income, net | -3.5M | -4M | -18M | -406.7M |
| Pretax income | -70.5M | -64M | -98.4M | -657.2M |
| Income tax | -256K | 0 | 0 | 76K |
| Net income | -90.8M | -73.4M | -72.4M | -661.4M |
| Net margin | -603.9% | -106.1% | -51.7% | -392.6% |
| EBITDA | -35.3M | 4.4M | 6.7M | -38.8M |
| EPS | -0.82 | -0.35 | -0.21 | -1.66 |
| Diluted EPS | -0.82 | -0.35 | -0.21 | -1.66 |
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 | 19.7M | 23.3M | 42.4M | 35.6M | 27.1M | 35M | 34.4M | 47.6M | 50.6M | 35.8M | 34M | 44.8M |
| Cost of revenue | 8.3M | 8.9M | 14.4M | 13.9M | 14.7M | 19.6M | 24.6M | 22.1M | 17.1M | 18.9M | 2.4M | 12.4M |
| Gross profit | 11.4M | 14.4M | 28M | 21.7M | 12.4M | 15.4M | 9.9M | 25.5M | 33.5M | 16.9M | 31.7M | 32.4M |
| Gross margin | 57.9% | 61.6% | 66% | 60.9% | 45.8% | 43.9% | 28.6% | 53.6% | 66.1% | 47.3% | 93.1% | 72.3% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 10.3M | 8.8M | 14.9M | 11.9M | 11.5M | 32.3M | 50.1M | 14.3M | 16.7M | 66.6M | 127.8M | 126.9M |
| Operating expenses | 12.4M | 7.3M | 15.3M | 14.3M | 12.1M | 36.6M | 53.9M | 16.9M | 20.8M | 75.8M | 139.6M | 151.2M |
| Operating income | -9.3M | -1.2M | -2.3M | -6.8M | -15.4M | -36.2M | -59.6M | -10.2M | -13.9M | -86.6M | -136.4M | -140.1M |
| Operating margin | -47.2% | -5.08% | -5.46% | -19% | -56.8% | -103.3% | -173.3% | -21.3% | -27.5% | -241.8% | -401.2% | -312.8% |
| Non-operating income, net | -361K | -3.4M | -1.5M | 447K | -4.3M | -12.6M | — | -4.2M | -435.4M | 34.2M | -242M | -762.3M |
| Pretax income | -19.9M | -13.8M | -14.9M | -11.6M | -20.1M | -51.8M | -61.4M | -18.4M | -455.1M | -122.4M | -416.1M | -929.7M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76K | 28K | 28K |
| Net income | -19.1M | -10.5M | -9.6M | -10.9M | -22.7M | -29.2M | -61.4M | -18.4M | -455.1M | -126.6M | -427.7M | -940.8M |
| Net margin | -97.2% | -45.2% | -22.7% | -30.6% | -84% | -83.5% | -178.5% | -38.6% | -899.7% | -353.2% | -1.3K% | -2.1K% |
| EBITDA | -737K | 7.5M | 13.5M | 8.1M | 878K | -15.8M | -41.1M | 10.6M | 17.9M | -26.2M | -76.7M | -87M |
| EPS | -0.09 | — | -0.03 | -0.03 | -0.06 | — | -0.16 | -0.05 | -1.13 | — | -1.01 | -1.94 |
| Diluted EPS | -0.09 | — | -0.03 | -0.03 | -0.06 | — | -0.16 | -0.05 | -1.13 | — | -1.01 | -1.94 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | 74.1M | — | — | — | 7.5B |
| Enterprise value | — | 202.2M | — | — | — | 10.5B |
| Shares outstanding | — | 110.6M | 210M | 351.3M | 397.6M | 397.6M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -9.1 |
| P/S | — | 4.93 | — | — | — | 45.7 |
| P/B | — | 0.63 | — | — | — | 51.3 |
| EV/EBITDA | — | -5.72 | — | — | — | -38.7 |
| EV/Sales | — | 13.4 | — | — | — | 63.4 |
| Earnings yield | — | — | — | — | — | -11% |
| FCF yield | — | -144.2% | — | — | — | -3.1% |
| PEG | — | — | — | — | — | -0 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | — | 26.3% | 60.5% | 55.3% | 50.9% | 72.3% |
| Operating margin | — | -281.3% | -36.4% | -43.3% | -101.1% | -307% |
| Net margin | — | -603.9% | -106.1% | -51.7% | -392.6% | 50.9% |
| ROE | — | -77.1% | -33% | -29.6% | -470.9% | -1.2K% |
| ROA | — | -28.6% | -19.4% | -9.2% | -10.1% | -4.79% |
| ROIC | — | -17.2% | -8.6% | -13.1% | -8.23% | -13.6% |
| Return on tangible assets | — | -28.6% | -19.4% | -9.2% | -10.3% | -24.6% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | — | 0.11 | 0.4 | 5.43 | 2 | 0.75 |
| Quick ratio | — | 0.11 | 0.4 | 5.43 | 2 | 0.75 |
| Debt / equity | — | 1.1 | 0.56 | 2.01 | 37 | 35.5 |
| Debt / assets | — | 0.41 | 0.33 | 0.62 | 0.79 | 0.65 |
| Net debt / EBITDA | — | -3.63 | 15.9 | 32.3 | -49.7 | -15.2 |
| Interest coverage | — | -1.86 | -0.84 | -3.97 | -7.19 | -8.83 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | — | 0.14 | 0.33 | 0.4 | 0.42 | 0.38 |
| EPS (basic) | — | -0.82 | -0.35 | -0.21 | -1.66 | -1.66 |
| EPS (diluted) | — | -0.82 | -0.35 | -0.21 | -1.66 | -4.46 |
| Book value per share | — | 1.06 | 1.06 | 0.7 | 0.35 | 0.29 |
| FCF per share | — | -0.97 | -0.34 | -0.83 | -2.98 | -5.16 |
| Cash per share | — | 0.01 | 0.26 | 0.78 | 8.22 | 5.25 |
| Capex per share | — | 0.55 | 0.36 | 0.7 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | — | 406.7% | 108.6% | 174.7% | — | — |
| Capex / operating cash flow | — | -113.4% | -2K% | -1K% | — | — |
| Payout ratio | — | — | — | — | — | 0% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Dec 14, 2021 | $5.00 |
| Date | Ratio |
|---|---|
| May 14, 2004 | 3:2 |
| Dec 29, 1999 | 11:10 |
| Sep 22, 1997 | 3:2 |
| Revenue | $19.7M | $23.3M | $42.4M | $35.6M | $27.1M | $35M | $34.4M | $47.6M | $50.6M | $35.8M | $34M | $44.8M |
| YoY change | +408.6% | +143.4% | +267.9% | +130.2% | +37.7% | +50.2% | -18.9% | +33.9% | +86.9% | +2.43% | -1.14% | -6.02% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 6.3M | 1.3M | 54.4M | 274.1M | 3.3B |
| Receivables | — | — | — | — | 1.2M |
| Inventory | — | — | — | — | — |
| Total current assets | 6.3M | 14.1M | 62.6M | 281.4M | 3.5B |
| Property, plant & equipment | 0 | 203.5M | 216.2M | 505.1M | 1.7B |
| Goodwill & intangibles | — | — | — | — | 110.9M |
| Total assets | 30M | 317.7M | 378.1M | 787.5M | 6.6B |
| Accounts payable | 38K | 21.9M | 15.2M | 24.4M | 65.1M |
| Short-term debt | — | 55.4M | 123.5M | 27K | 538.1M |
| Total current liabilities | 1.7M | 126M | 154.7M | 51.8M | 1.7B |
| Long-term debt | 0 | 73.9M | 955K | 491.2M | 4.7B |
| Total liabilities | 1.7M | 199.9M | 155.6M | 543.1M | 6.4B |
| Shareholders' equity | 28.3M | 117.8M | 222.5M | 244.4M | 140.4M |
| Total debt | 0 | 129.3M | 124.5M | 491.2M | 5.2B |
| Net debt | -6.3M | 128M | 70M | 217.2M | 1.9B |
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 | 6.6M | 54.4M | 45.8M | 104.1M | 23.9M | 274.1M | 218.2M | 90M | 711.3M | 3.3B | 2.6B | 2.6B |
| Receivables | — | — | — | — | — | — | — | 1.2M | 3.5M | 1.2M | 5.6M | 13.2M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 13M | 62.6M | 54.4M | 111M | 32.4M | 281.4M | 230M | 99.1M | 729.1M | 3.5B | 2.9B | 2.8B |
| Property, plant & equipment | 192.5M | 216.2M | 248.6M | 282.5M | 293.3M | 505.1M | 602.4M | 704.6M | 1.1B | 1.7B | 2.8B | 3.8B |
| Goodwill & intangibles | — | — | — | — | — | — | — | 110.9M | 110.9M | 110.9M | 110.9M | 110.9M |
| Total assets | 311.8M | 378.1M | 395.4M | 479.6M | 405.9M | 787.5M | 841.2M | 869.4M | 2.5B | 6.6B | 7B | 8B |
| Accounts payable | 19.4M | 15.2M | 14.3M | 8.4M | 19.8M | 24.4M | 54.9M | 38.8M | 62.3M | 65.1M | 227.6M | 197.8M |
| Short-term debt | 76.5M | 123.5M | 99.4M | 72.4M | 53K | 27K | 28K | 618K | 2M | 538.1M | 634.6M | 1.2B |
| Total current liabilities | 108.5M | 154.7M | 122.1M | 92.4M | 32.4M | 51.8M | 120.9M | 151.3M | 705.9M | 1.7B | 2.4B | 3.8B |
| Long-term debt | 49.4M | 955K | 933K | 911K | 859K | 491.2M | 491.8M | 500.3M | 1.1B | 4.7B | 4.7B | 4B |
| Total liabilities | 157.9M | 155.6M | 123M | 93.3M | 33.3M | 543.1M | 670.8M | 695.1M | 2.2B | 6.4B | 7.1B | 7.9B |
| Shareholders' equity | 153.9M | 222.5M | 272.3M | 386.2M | 372.6M | 244.4M | 170.4M | 174.3M | 247.3M | 140.4M | -77.6M | 147.5M |
| Total debt | 125.9M | 124.5M | 100.3M | 73.3M | 912K | 491.2M | 491.8M | 500.9M | 1.1B | 5.2B | 5.3B | 5.2B |
| Net debt | 119.3M | 70M | 54.5M | -30.8M | -23M | 217.2M | 273.7M | 410.9M | 373.9M | 1.9B | 2.7B | 2.6B |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -90.8M | -73.4M | -72.4M | -661.4M |
| Depreciation & amortization | 7M | 29.4M | 61.2M | 93.1M |
| Stock-based compensation | 1.6M | 5.9M | 30.9M | 50.9M |
| Change in working capital | 10.1M | -8.2M | -13.3M | 7.7M |
| Operating cash flow | -53.9M | -3.8M | -23.6M | -123.2M |
| Capital expenditure | -61.1M | -75.2M | -244.6M | — |
| Investing cash flow | -94M | -78M | -91.2M | -471.7M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | -118.2M | -33.3M |
| Financing cash flow | 69M | 117.4M | 330.4M | 4.9B |
| Net change in cash | -79M | 35.5M | 215.6M | 4.3B |
| Free cash flow | -106.9M | -70.9M | -292.4M | -1.2B |
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 | -19.1M | -10.5M | -9.6M | -10.9M | -22.7M | -29.2M | -61.4M | -18.4M | -455.1M | -126.6M | -427.7M | -940.8M |
| Depreciation & amortization | 8.5M | 8.5M | 15.3M | 14.4M | 15.9M | 15.6M | 16.3M | 19.5M | 27.7M | 29.6M | 30.3M | 23.1M |
| Stock-based compensation | 1.4M | 1.8M | 6.9M | 4.8M | 2.4M | 16.7M | 38.7M | 1.3M | 4.3M | 6.6M | 101.4M | 83.9M |
| Change in working capital | -1.6M | -1.5M | -2.4M | -5.1M | 4.8M | -10.6M | 94.8M | -13.2M | -56.6M | -16.7M | -14.8M | -27.1M |
| Operating cash flow | 3.7M | 13.4M | 30.7M | 13.8M | -26.3M | -41.8M | 54.6M | -54.8M | -36.7M | -88.2M | -17.6M | -136.7M |
| Capital expenditure | -25.4M | -33.8M | -47M | -46.6M | -20.7M | -130.3M | -93.7M | — | — | — | — | — |
| Investing cash flow | -25.4M | -33.8M | -47M | -46.6M | 11.2M | -8.8M | -61.1M | 47M | -19M | -450M | -201.3M | 201.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -33.3M | 0 | -12K | 0 | 0 | 0 |
| Financing cash flow | 21.4M | 61.1M | 15.5M | 86.6M | -72.7M | 419.2M | -51.3M | -902K | -120.2M | 4.1B | 96.4M | 1.1B |
| Net change in cash | -303K | 40.7M | -766K | 53.8M | -87.9M | 368.7M | -57.8M | -8.7M | -175.9M | 3.6B | -122.5M | 1.1B |
| Free cash flow | -23M | -22.9M | -24.1M | -30.2M | -41.7M | -196.4M | -37.2M | -174.8M | -268.3M | -703.2M | -540.5M | -992.3M |