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 | $0.16 | $0.16 | 0.0% | — | $229.3M | — |
| Q1 26 | $0.09 | $0.12 | +33.3% | — | $205.1M | — |
| Q3 25 | -$0.25 | -$0.26 | -4.0% | — | $180.7M | — |
| Q2 25 | $0.05 | $0.09 | +80.0% | — | $162.5M | — |
| Q1 25 | -$0.01 | $0.02 | +300.0% | — | $151M | — |
| Q4 24 | $0.03 | $0.06 | +100.0% | — | $148.5M | — |
| Q3 24 | -$0.05 | $0.02 | +140.0% | — | $141.7M | — |
| Q2 24 | -$0.15 | -$0.01 | +93.3% | — | $132.6M | — |
| Q1 24 | -$0.16 | -$0.12 | +25.0% | — | $122.7M | — |
| Q4 23 | -$0.01 | -$0.01 | 0.0% | — | $128.1M | — |
| Q3 23 | -$0.14 | -$0.05 | +64.3% | — | $118.9M | — |
| Q2 23 | -$0.2 | -$0.14 | +30.0% | — | $111M | — |
| Q1 23 | -$0.25 | -$0.2 | +20.0% | — | $105.3M | — |
| Q4 22 | -$0.25 | -$0.29 | -16.0% | — | $98.2M | — |
| Q3 22 | -$0.24 | -$0.11 | +54.2% | — | $103.6M | — |
| Q2 22 | -$0.32 | -$0.18 | +43.8% | — | $95.6M | — |
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 | — | -$1.22 | — | — | $686.6M | — |
| FY24 | — | -$1.03 | — | — | $545.5M | — |
| FY23 | — | -$1.41 | — | — | $463.4M | — |
| FY22 | — | -$1.61 | — | — | $380.9M | — |
| FY21 | — |
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 | $80.2M | $141.4M | $218.3M | $380.9M | $463.4M | $545.5M | $686.6M |
| YoY change | — | +76.3% | +54.4% | +74.5% | +21.7% | +17.7% | +25.9% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 |
|---|
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 | 80.2M | 141.4M | 218.3M | 380.9M | 463.4M | 545.5M | 686.6M |
| Cost of revenue | 65.5M | 108.1M | 161.2M | 234.9M | 285.1M | 329.9M | 417.9M |
| Gross profit | 14.7M | 33.3M | 57.1M | 146M | 178.3M | 215.6M | 268.8M |
| Gross margin | 18.4% | 23.5% | 26.2% | 38.3% | 38.5% | 39.5% | 39.1% |
| Research & development | 10.6M | 12.2M | 17.8M | 31M | 34.5M | 39.3M | 46.8M |
| Selling, general & administrative | 22.6M | 34.6M | 74.4M | 142.6M | 164.6M | 173.4M | 194.2M |
| Operating expenses | 43.6M | 60.9M | 115.8M | 222.3M | 251.4M | 271.7M | 313.2M |
| Operating income | -28.8M | -27.6M | -58.7M | -76.3M | -73.2M | -56.1M | -45.5M |
| Operating margin | -35.9% | -19.5% | -26.9% | -20% | -15.8% | -10.3% | -6.62% |
| Non-operating income, net | -1.9M | -2.4M | -2.8M | -2.4M | -1.5M | -387K | -19.4M |
| Pretax income | -31M | -31.1M | -61.4M | -79M | -67.8M | -50.4M | -61.2M |
| Income tax | — | 0 | 0 | 36K | -353K | -21K | 589K |
| Net income | -31M | -31.1M | -61.4M | -79M | -67.5M | -50.4M | -61.7M |
| Net margin | -38.6% | -22% | -28.1% | -20.8% | -14.6% | -9.24% | -8.99% |
| EBITDA | -27.2M | -25.3M | -56.9M | -65.9M | -51.9M | -32.6M | -37.5M |
| EPS | -4.88 | -4.89 | -2.33 | -1.61 | -1.41 | -1.03 | -1.22 |
| Diluted EPS | -4.88 | -4.89 | -2.33 | -1.61 | -1.41 | -1.03 | -1.22 |
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 | 118.9M | 128.1M | 122.7M | 132.6M | 141.7M | 148.5M | 151M | 162.5M | 180.7M | 192.4M | 205.1M | 229.3M |
| Cost of revenue | 72.7M | 79.1M | 74.8M | 79.7M | 85.9M | 89.5M | 94.6M | 97.4M | 108.7M | 117.2M | 126.7M | 142.1M |
| Gross profit | 46.2M | 49.1M | 47.9M | 52.9M | 55.8M | 59M | 56.3M | 65.2M | 72M | 75.2M | 78.5M | 87.2M |
| Gross margin | 38.9% | 38.3% | 39% | 39.9% | 39.4% | 39.7% | 37.3% | 40.1% | 39.9% | 39.1% | 38.3% | 38% |
| Research & development | 8.5M | 8.9M | 9.6M | 10M | 9.3M | 10.4M | 11.2M | 11M | 12.5M | 12.1M | 11.4M | 13M |
| Selling, general & administrative | 38.1M | 39.8M | 42.1M | 44M | 43.3M | 44M | 43.5M | 46.5M | 51.9M | 52.5M | 52.3M | 58.2M |
| Operating expenses | 59.3M | 61.6M | 65.8M | 68.2M | 67.3M | 70.5M | 71.7M | 75.2M | 82.8M | 83.7M | 83.3M | 92.5M |
| Operating income | -13M | -12.5M | -17.9M | -15.3M | -11.5M | -11.4M | -15.4M | -10.3M | -11M | -8.8M | -5.2M | -5.5M |
| Operating margin | -11% | -9.79% | -14.6% | -11.5% | -8.1% | -7.7% | -10.2% | -6.33% | -6.09% | -4.56% | -2.54% | -2.42% |
| Non-operating income, net | -614K | -346K | -290K | 1K | -282K | 184K | -774K | -17.1M | -1.5M | 34K | -318K | -754K |
| Pretax income | -11.9M | -11.1M | -16.6M | -13.7M | -10.2M | -9.9M | -15.1M | -26.4M | -11.6M | -8M | -5M | -5M |
| Income tax | 139K | -561K | 0 | -10K | 30K | -41K | 0 | -8K | -17K | 614K | 248K | 354K |
| Net income | -12M | -10.6M | -16.6M | -13.7M | -10.2M | -9.9M | -15.1M | -26.4M | -11.6M | -8.6M | -5.3M | -5.3M |
| Net margin | -10.1% | -8.24% | -13.5% | -10.3% | -7.2% | -6.66% | -9.99% | -16.3% | -6.42% | -4.49% | -2.56% | -2.32% |
| EBITDA | -8M | -7.1M | -12.3M | -9.3M | -5.8M | -5.3M | -9.6M | -20.8M | -5.3M | -1.8M | 1.2M | 2.1M |
| EPS | -0.25 | — | -0.34 | -0.28 | -0.21 | -0.2 | -0.3 | -0.52 | -0.23 | -0.17 | -0.1 | -0.1 |
| Diluted EPS | -0.25 | — | -0.34 | -0.28 | -0.21 | -0.2 | -0.3 | -0.52 | -0.23 | -0.17 | -0.1 | -0.1 |
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 | — | — | — | — | 1.7B | 2.1B | 3B | 5.7B |
| Enterprise value | — | — | — | — | 1.8B | 2.1B | 3.1B | 5.7B |
| Shares outstanding | 6.3M | 8.2M | 26.3M | 47.2M | 47.9M | 49.1M | 50.8M | 50.8M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -84.4 |
| P/S | — | — | — | — | 3.71 | 3.84 | 4.4 | 7.06 |
| P/B | — | — | — | — | 5.21 | 6.63 | 10.9 | 19.1 |
| EV/EBITDA | — | — | — | — | -33.7 | -66 | -83.9 | -548.6 |
| EV/Sales | — | — | — | — | 3.78 | 3.94 | 4.58 | 7.1 |
| Earnings yield | — | — | — | — | — | — | — | -1.19% |
| FCF yield | — | — | — | — | -2.81% | -1.6% | -0.8% | -0.22% |
| PEG | — | — | — | — | — | — | — | 1.04 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 18.4% | 23.5% | 26.2% | 38.3% | 38.5% | 39.5% | 39.1% | 38% |
| Operating margin | -35.9% | -19.5% | -26.9% | -20% | -15.8% | -10.3% | -6.62% | -2.44% |
| Net margin | -38.6% | -22% | -28.1% | -20.8% | -14.6% | -9.24% | -8.99% | -3.82% |
| ROE | 42.4% | 27.9% | -14.4% | -21.3% | -20.4% | -16% | -22.3% | -7.1% |
| ROA | -40% | -34.9% | -12.2% | -10.8% | -9.54% | -7.41% | -8.77% | -2.21% |
| ROIC | — | 18% | -17.7% | -21.5% | -20.3% | -15.1% | -11.5% | -7.29% |
| Return on tangible assets | -45.7% | -37.1% | 68% | -56.7% | -61.3% | -55.7% | -51.9% | -6.46% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.13 | 2.02 | 2.87 | 6.05 | 4.28 | 4.38 | 3.76 | 3.21 |
| Quick ratio | 4.04 | 1.96 | 2.83 | 6.02 | 4.25 | 4.33 | 3.72 | 3.2 |
| Debt / equity | -0.2 | -0.16 | 0.05 | 0.81 | 0.91 | 0.94 | 1.23 | 0.57 |
| Debt / assets | 0.19 | 0.2 | 0.04 | 0.41 | 0.42 | 0.43 | 0.48 | 0.32 |
| Net debt / EBITDA | 1.34 | 1.66 | 1.66 | 0.26 | -0.59 | -1.7 | -3.21 | 47.4 |
| Interest coverage | -127.6 | -27.5 | -71 | -16.9 | -13.2 | -9.61 | -11.5 | -4.86 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 12.6 | 17.3 | 8.3 | 8.08 | 9.67 | 11.1 | 13.5 | 15.5 |
| EPS (basic) | -4.88 | -4.89 | -2.33 | -1.61 | -1.41 | -1.03 | -1.22 | -1.22 |
| EPS (diluted) | -4.88 | -4.89 | -2.33 | -1.61 | -1.41 | -1.03 | -1.22 | -0.62 |
| Book value per share | -11.5 | -13.6 | 16.2 | 7.88 | 6.9 | 6.43 | 5.45 | 5.4 |
| FCF per share | -4.7 | -3.22 | -2.84 | -1.62 | -1.01 | -0.68 | -0.47 | -0.26 |
| Cash per share | 8.03 | 7.34 | 4.44 | 6.77 | 5.61 | 4.89 | 4.31 | 9.01 |
| Capex per share | 0.4 | 0.51 | 0.24 | 0.29 | 0.38 | 0.37 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 3.16% | 2.96% | 2.87% | 3.53% | 3.94% | 3.3% | — | — |
| Capex / operating cash flow | -8.16% | -13.1% | -11.4% | -20.7% | -46.4% | -83.2% | — | — |
| Payout ratio | 0% | -28.3% | 0% | 0% | — | — | — | 0% |
| -$2.33 |
| — |
| — |
| $218.3M |
| — |
| FY20 | — | -$4.89 | — | — | $141.4M | — |
| FY19 | — | -$4.88 | — | — | $80.2M | — |
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $118.9M | $128.1M | $122.7M | $132.6M | $141.7M | $148.5M | $151M | $162.5M | $180.7M | $192.4M | $205.1M | $229.3M |
| YoY change | +14.8% | +30.5% | +16.5% | +19.4% | +19.1% | +15.9% | +23.1% | +22.6% | +27.5% | +29.5% | +35.9% | +41.1% |
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 | 51M | 59.9M | 116.7M | 319.4M | 268.8M | 239.8M | 219.1M |
| Receivables | 12.4M | 14.6M | 32.4M | 49.3M | 70.1M | 74M | 97.4M |
| Inventory | 1.3M | 2.3M | 2M | 1.6M | 2.9M | 3.9M | 3.9M |
| Total current assets | 65.4M | 77.7M | 163.4M | 387.2M | 356.2M | 327.5M | 334.6M |
| Property, plant & equipment | 6.9M | 7.9M | 37.8M | 45M | 47.9M | 53.3M | 71.8M |
| Goodwill & intangibles | 9.5M | 5.3M | 592.8M | 594.8M | 597.4M | 589.6M | 584.7M |
| Total assets | 77.4M | 89M | 502.6M | 734.1M | 707.4M | 680.1M | 703.7M |
| Accounts payable | 7.9M | 5.6M | 12.7M | 12.4M | 24.7M | 35M | 44.6M |
| Short-term debt | 1.1M | 16.8M | 5.6M | 5.5M | 6.8M | 6.4M | 2.1M |
| Total current liabilities | 15.9M | 38.4M | 57M | 64M | 83.2M | 74.8M | 88.9M |
| Long-term debt | 13.5M | 1.1M | 16.9M | 296.8M | 292.7M | 288.7M | 337.4M |
| Total liabilities | 150.5M | 200.2M | 77.1M | 362.3M | 377M | 364.5M | 427M |
| Shareholders' equity | -73.1M | -111.2M | 425.5M | 371.8M | 330.4M | 315.6M | 276.7M |
| Total debt | 14.6M | 17.9M | 22.5M | 302.3M | 299.5M | 295.1M | 339.4M |
| Net debt | -25.5M | -42M | -63.8M | 236.7M | 246.1M | 272.9M | 324.4M |
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 | 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 | 276.8M | 268.8M | 253.8M | 240.9M | 234M | 239.8M | 231.4M | 225.8M | 224.5M | 219.1M | 224M | 516.7M |
| Receivables | 64M | 70.1M | 69.3M | 71.1M | 78.5M | 74M | 85.5M | 86.9M | 98.9M | 97.4M | 119.7M | 130.3M |
| Inventory | 1.3M | 2.9M | 2.9M | 2.9M | 3.5M | 3.9M | 4M | 4.6M | 4.2M | 3.9M | 3.6M | 3.9M |
| Total current assets | 357.3M | 356.2M | 341.4M | 327.4M | 325.7M | 327.5M | 334.6M | 328.5M | 341.1M | 334.6M | 364.1M | 672.4M |
| Property, plant & equipment | 39M | 47.9M | 48.7M | 49.9M | 51.9M | 53.3M | 54.5M | 57.7M | 59.9M | 71.8M | 79.9M | 89.8M |
| Goodwill & intangibles | 599.2M | 597.4M | 595.4M | 593.5M | 592M | 589.6M | 588.5M | 588.2M | 586.5M | 584.7M | 582.6M | 580.9M |
| Total assets | 700.5M | 707.4M | 692.5M | 678.6M | 678.2M | 680.1M | 690.1M | 687M | 698.9M | 703.7M | 740.3M | 1.1B |
| Accounts payable | 13.3M | 24.7M | 14M | 10.2M | 6.4M | 35M | 50.2M | 42M | 46.2M | 44.6M | 62.3M | 70.6M |
| Short-term debt | 6.7M | 6.8M | 6.7M | 6.7M | 6.6M | 6.4M | 5.3M | 4.2M | 2.5M | 2.1M | 87.7M | 88M |
| Total current liabilities | 67.8M | 83.2M | 78.7M | 70.5M | 70.9M | 74.8M | 89.4M | 84M | 94.1M | 88.9M | 204.4M | 209.2M |
| Long-term debt | 294M | 292.7M | 291.6M | 290.6M | 289.9M | 288.7M | 288.6M | 330.7M | 330.9M | 337.4M | 252M | 251.8M |
| Total liabilities | 363.6M | 377M | 370.9M | 361.6M | 361.8M | 364.5M | 379.1M | 415.5M | 425.8M | 427M | 457.1M | 461.6M |
| Shareholders' equity | 336.9M | 330.4M | 321.6M | 317M | 316.4M | 315.6M | 311M | 271.5M | 273.1M | 276.7M | 283.2M | 596.2M |
| Total debt | 300.7M | 299.5M | 298.3M | 297.2M | 296.5M | 295.1M | 293.9M | 334.9M | 333.5M | 339.4M | 339.8M | 339.8M |
| Net debt | 256.3M | 246.1M | 252.6M | 275.2M | 279.1M | 272.9M | 278.4M | 318.2M | 312.6M | 324.4M | 318.7M | 318M |
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 | -31M | -31.1M | -61.4M | -79M | -67.5M | -50.4M | -61.7M |
| Depreciation & amortization | 1.8M | 3.1M | 3.6M | 7.8M | 10.7M | 13M | 18.8M |
| Stock-based compensation | 544K | 1M | 7.4M | 19.2M | 22.1M | 29.3M | 36.4M |
| Change in working capital | -3.4M | -6.4M | -7.6M | -26M | -22.4M | -17.2M | -18.1M |
| Operating cash flow | -31.1M | -32M | -54.8M | -65.1M | -39.4M | -21.7M | 6.1M |
| Capital expenditure | -2.5M | -4.2M | -6.3M | -13.5M | -18.3M | -18M | — |
| Investing cash flow | -2.4M | 6.7M | -212.7M | -238.6M | 16.8M | -20.3M | 13.5M |
| Dividends paid | 0 | -8.8M | 0 | 0 | — | — | — |
| Share repurchases | 0 | -12.9M | 0 | 0 | — | — | -8.1M |
| Financing cash flow | 53.8M | 34.7M | 305.4M | 277.3M | -842K | -465K | -197K |
| Net change in cash | 20.3M | 9.4M | 37.9M | -26.5M | -23.4M | -42.4M | 19.3M |
| Free cash flow | -29.8M | -26.2M | -74.8M | -76.2M | -48.4M | -33.5M | -24.1M |
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 | -12M | -10.6M | -16.6M | -13.7M | -10.2M | -9.9M | -15.1M | -26.4M | -11.6M | -8.6M | -5.3M | -5.3M |
| Depreciation & amortization | 2.5M | 2.8M | 3.2M | 3.3M | 3.2M | 3.4M | 4.2M | 4.5M | 5M | 5M | 4.9M | 5.8M |
| Stock-based compensation | 5.7M | 5.9M | 6M | 8.1M | 7M | 8.2M | 7.3M | 7.9M | 10.7M | 10.4M | 8.3M | 11.3M |
| Change in working capital | -3.7M | -6.9M | -10M | -4.8M | -11.6M | 9.2M | -13K | -8.9M | -7.2M | -1.9M | -6.5M | -5.3M |
| Operating cash flow | -5.6M | -6.7M | -15.4M | -5.3M | -10.8M | 12M | -2.5M | -427K | 5.8M | 4.4M | 14.6M | 2.9M |
| Capital expenditure | -3.6M | -6.4M | -4.3M | -4.3M | -4.8M | -4.5M | -5.5M | — | — | — | — | — |
| Investing cash flow | -6.6M | 10.6M | 2.9M | -15.1M | -2.6M | -5.5M | -3.8M | 6.8M | 5.4M | -471K | 1.2M | -292M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | 0 | 0 | — | — |
| Financing cash flow | 0 | 0 | — | — | — | — | — | — | -828K | 0 | — | — |
| Net change in cash | -12.1M | 4M | -12.4M | -20.4M | -13.4M | 6.4M | -6.3M | 6.4M | 10.3M | 3.9M | 15.8M | -289.1M |
| Free cash flow | -9.5M | -7.7M | -16.1M | -13.5M | -8.4M | 4.5M | -9.2M | -7.4M | -1.7M | -5.9M | 4M | -10.5M |