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 | -$0.84 | -$0.29 | +65.5% | — | $51.2M | — |
| Q1 26 | -$0.75 | -$1.71 | -128.0% | — | $4.5M | — |
| Q4 25 | -$0.58 | -$0.09 | +84.5% | — | $28.2M | — |
| Q3 25 | -$0.7 | -$0.08 | +88.6% | — | $21M | — |
| Q2 25 | -$0.71 | -$0.41 | +42.3% | — | $43.6M | — |
| Q1 25 | -$0.58 | -$0.66 | -13.8% | — | $32.7M | — |
| Q4 24 | -$0.79 | -$0.62 | +21.5% | — | $70M | — |
| Q3 24 | -$1.02 | -$0.71 | +30.4% | — | $17.8M | — |
| Q2 24 | -$0.79 | -$1.07 | -35.4% | — | $23.9M | — |
| Q1 24 | -$0.77 | -$1.11 | -44.2% | — | $16M | — |
| Q4 23 | -$0.35 | -$0.31 | +11.4% | — | $44.7M | — |
| Q3 23 | -$0.73 | -$0.4 | +45.2% | — | $59.2M | — |
| Q2 23 | -$0.8 | -$0.37 | +53.8% | — | $45.5M | — |
| Q1 23 | -$0.66 | -$1.02 | -54.5% | — | $19M | — |
| Q4 22 | -$0.79 | -$0.2 | +74.7% | — | $21.6M | — |
| Q3 22 | -$0.68 | -$0.55 | +19.1% | — | $27.3M | — |
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 | — | -$1.24 | — | — | $125.6M | — |
| FY24 | — | -$3.58 | — | — | $110.5M | — |
| FY23 | — | -$2.08 | — | — | $168.3M | — |
| FY22 | — | -$0.93 | — | — | $164.6M |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $109M | $46.1M | $40.6M | $156.7M | $122.7M | $275.1M | $164.6M | $168.3M | $110.5M | $125.6M |
| YoY change | +292.7% | -57.7% | -12% | +285.9% | -21.7% | +124.2% | -40.2% | +2.28% | -34.4% | +13.7% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 109M | 46.1M | 40.6M | 156.7M | 122.7M | 275.1M | 164.6M | 168.3M | 110.5M | 125.6M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 51.9M | 71.8M | 97.5M | 118.6M | 169.8M | 192.5M | 199.6M | 253.6M | 227.7M | 239.4M |
| Selling, general & administrative | 13.1M | 17.5M | 22.5M | 24.3M | 29.7M | 38.8M | 47.5M | 53.4M | 61.2M | 63.6M |
| Operating expenses | 65M | 89.3M | 120M | 142.9M | 199.5M | 231.3M | 247.1M | 307M | 288.9M | 303.1M |
| Operating income | 44M | -43.1M | -79.4M | 13.8M | -76.8M | 43.8M | -82.5M | -138.6M | -178.4M | -177.5M |
| Operating margin | 40.4% | -93.4% | -195.5% | 8.82% | -62.6% | 15.9% | -50.1% | -82.4% | -161.5% | -141.4% |
| Non-operating income, net | 6K | -7K | -125K | -256K | 200K | 38M | 23.1M | -426K | -51.8M | 92.3M |
| Pretax income | 46.1M | -38.9M | -70.4M | 27.2M | -69.3M | 82.6M | -54.5M | -120.4M | -234.9M | -89.6M |
| Income tax | 991K | -463K | 0 | 312K | 0 | 0 | 673K | 5.8M | 1.6M | 2.5M |
| Net income | 45.1M | -38.5M | -70.4M | 26.9M | -69.3M | 82.6M | -55.2M | -126.3M | -236.5M | -92.1M |
| Net margin | 41.4% | -83.4% | -173.4% | 17.2% | -56.5% | 30% | -33.5% | -75% | -214.1% | -73.4% |
| EBITDA | 47.6M | -41.1M | -76.1M | 18.1M | -71.1M | 12M | -97.1M | -126.7M | -134.3M | -139.5M |
| EPS | 0.57 | -1.05 | -1.31 | 0.48 | -1.21 | 1.42 | -0.93 | -2.08 | -3.58 | -1.24 |
| Diluted EPS | 0.56 | -1.05 | -1.31 | 0.46 | -1.21 | 1.37 | -0.93 | -2.08 | -3.58 | -1.24 |
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 | 59.2M | 44.7M | 16M | 23.9M | 17.8M | 70M | 32.7M | 43.6M | 21M | 28.2M | 4.5M | 51.2M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 64.9M | 64.2M | 56.9M | 61.5M | 58.2M | 51.1M | 58.6M | 61.7M | 54.4M | 64.8M | 64.7M | 71.9M |
| Selling, general & administrative | 12.5M | 15.5M | 13.8M | 17.7M | 14.8M | 14.9M | 17.3M | 15.1M | 14.2M | 17M | 17.7M | 16.4M |
| Operating expenses | 77.4M | 79.7M | 70.7M | 79.3M | 73M | 66M | 75.9M | 76.8M | 68.5M | 81.9M | 82.4M | 88.3M |
| Operating income | -18.3M | -35M | -54.7M | -55.4M | -55.2M | 4M | -43.2M | -33.2M | -47.5M | -53.6M | -77.9M | -37.1M |
| Operating margin | -30.9% | -78.3% | -341.7% | -231.6% | -310.2% | 5.78% | -131.9% | -76.1% | -226.3% | -189.9% | -1.7K% | -72.4% |
| Non-operating income, net | -11M | 14.6M | -18.3M | -11.8M | 9.2M | -30.9M | -4M | 3.1M | 42.6M | 50.5M | -51.5M | 17.7M |
| Pretax income | -24.3M | -13.5M | -74.1M | -68.8M | -47.4M | -52.6M | -48.3M | -31.1M | -6M | -4.3M | -128.6M | -21.9M |
| Income tax | 0 | 5.8M | — | 117K | 0 | 1.5M | 367K | -250K | 0 | 2.4M | 280K | -190K |
| Net income | -24.3M | -19.3M | -74.1M | -68.8M | -47.4M | -54.1M | -48.6M | -30.8M | -6M | -6.7M | -128.9M | -21.7M |
| Net margin | -41% | -43.1% | -463.3% | -287.7% | -266.6% | -77.3% | -148.6% | -70.7% | -28.7% | -23.6% | -2.9K% | -42.4% |
| EBITDA | -10.1M | -45M | -43.1M | -44.7M | -44.6M | 15.3M | -33M | -23.3M | -38.4M | -44.9M | -69.4M | -29.4M |
| EPS | -0.4 | -0.31 | -1.2 | -1.09 | -0.71 | -0.62 | -0.66 | -0.41 | -0.08 | -0.09 | -1.71 | -0.29 |
| Diluted EPS | -0.4 | -0.31 | -1.2 | -1.09 | -0.71 | -0.62 | -0.66 | -0.41 | -0.08 | -0.09 | -1.71 | -0.29 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | 1.1B | — | — | 1.9B | 2.5B | 2.3B | 1.6B | 1.3B | 1.5B | — | 1.9B |
| Enterprise value | 956M | — | — | 1.4B | 1.9B | 2B | 989.9M | 774.2M | 1.2B | — | 1.5B |
| Shares outstanding | 41.3M | 46.8M | 53.9M | 56.5M | 57.2M | 58.4M | 59.7M | 60.5M | 65M | 74.2M | 74.2M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 24.1 | — | — | 72.3 | — | 28.3 | — | — | — | — | -20.7 |
| P/S | 9.96 | — | — | 12.4 | 20.3 | 8.51 | 9.44 | 7.63 | 13.5 | — | 16.9 |
| P/B | 3.46 | — | — | 3.28 | 4.36 | 3.19 | 2.14 | 1.92 | 2.22 | — | 3.52 |
| EV/EBITDA | 20.1 | — | — | 78.6 | -26.8 | 170.6 | -10.2 | -6.11 | -9.15 | — | -7.2 |
| EV/Sales | 8.77 | — | — | 9.09 | 15.5 | 7.42 | 6.01 | 4.6 | 11.1 | — | 14.1 |
| Earnings yield | 4.15% | — | — | 1.38% | — | 3.53% | — | — | — | — | -4.84% |
| FCF yield | 8.49% | — | — | 2.74% | -0.75% | -1.4% | -1.22% | 4.97% | -14.2% | — | -4.97% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.71 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 40.4% | -93.4% | -195.5% | 8.82% | -62.6% | 15.9% | -50.1% | -82.4% | -161.5% | -141.4% | -72.4% |
| Net margin | 41.4% | -83.4% | -173.4% | 17.2% | -56.5% | 30% | -33.5% | -75% | -214.1% | -73.4% | -155.6% |
| ROE | 14.4% | -12.2% | -13.5% | 4.53% | -12.1% | 11.3% | -7.59% | -18.9% | -35.1% | -14.5% | -29.1% |
| ROA | 10.5% | -9.86% | -12.2% | 4.01% | -9.86% | 9.86% | -6.52% | -13.3% | -24.8% | -10.5% | -16.8% |
| ROIC | 23.4% | -46.7% | -34.9% | 18.4% | 405.7% | 10.1% | -50.3% | -87.3% | -43.7% | -64.4% | -99.6% |
| Return on tangible assets | 11.1% | -10.5% | -12.7% | 4.19% | -10.3% | 10.3% | -6.82% | -13.8% | -25.9% | -10.7% | -22.9% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.33 | 3.18 | 5.86 | 8.39 | 5.27 | 6 | 10.6 | 7.36 | 6.61 | 6.25 | 6.39 |
| Quick ratio | 1.33 | 3.18 | 5.86 | 8.39 | 5.27 | 6 | 10.6 | 7.36 | 6.61 | 6.25 | 6.39 |
| Debt / equity | — | — | 0 | 0.02 | 0.02 | 0.05 | 0.08 | 0.12 | 0.34 | 0.3 | 0.34 |
| Debt / assets | — | — | 0 | 0.02 | 0.02 | 0.04 | 0.07 | 0.09 | 0.24 | 0.21 | 0.23 |
| Net debt / EBITDA | — | — | 3.87 | -28.6 | 8.32 | -25.1 | 5.8 | 4.03 | 1.98 | 2.58 | 1.57 |
| Interest coverage | 2.2K | -3.3K | -5K | — | — | — | — | — | -5.41 | -1.81 | -4.94 |
| Effective tax rate | 2.15% | 0% | 0% | 1.15% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 2.64 | 0.99 | 0.75 | 2.77 | 2.14 | 4.71 | 2.76 | 2.78 | 1.7 | 1.69 | 1.4 |
| EPS (basic) | 0.57 | -1.05 | -1.31 | 0.48 | -1.21 | 1.42 | -0.93 | -2.08 | -3.58 | -1.24 | -1.24 |
| EPS (diluted) | 0.56 | -1.05 | -1.31 | 0.46 | -1.21 | 1.37 | -0.93 | -2.08 | -3.58 | -1.24 | -2.16 |
| Book value per share | 7.61 | 6.76 | 9.67 | 10.5 | 10 | 12.6 | 12.2 | 11.1 | 10.4 | 8.56 | 6.77 |
| FCF per share | 2.23 | -0.87 | -1.65 | 0.94 | -0.33 | -0.56 | -0.32 | 1.06 | -3.25 | -1.86 | -2.75 |
| Cash per share | 3.15 | 4.79 | 5.46 | 9.37 | 10.5 | 5.72 | 10.4 | 9.81 | 7.65 | 7.38 | 6.14 |
| Capex per share | 0.04 | 0.11 | 0.13 | 0.13 | 0.18 | 0.23 | 0.65 | 0.3 | 0.09 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.38% | 11.5% | 17.7% | 4.69% | 8.59% | 4.83% | 23.4% | 11% | 5.52% | — | — |
| Capex / operating cash flow | 1.65% | -16% | -9.11% | 11.3% | -111.5% | 95.8% | 83.5% | 21.5% | -2.57% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | $1.42 | — | — | $275.1M | — |
| FY20 | — | -$1.21 | — | — | $122.7M | — |
| FY19 | — | $0.48 | — | — | $156.7M | — |
| FY18 | — | -$1.31 | — | — | $40.6M | — |
| FY17 | — | -$1.05 | — | — | $46.1M | — |
| FY16 | — | $0.57 | — | — | $109M | — |
| 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 | $59.2M | $44.7M | $16M | $23.9M | $17.8M | $70M | $32.7M | $43.6M | $21M | $28.2M | $4.5M | $51.2M |
| YoY change | +116.7% | +106.8% | -15.6% | -47.5% | -69.9% | +56.7% | +104.6% | +82.4% | +18% | -59.7% | -86.2% | +17.5% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 130.1M | 224.1M | 294.4M | 529.8M | 603M | 334.1M | 623.1M | 593.7M | 497.8M | 547.7M |
| Receivables | 8.6M | 1.1M | 10.2M | 21.6M | 11.4M | 66.4M | 29M | 11.3M | 60.8M | 29.3M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 141.7M | 230.9M | 315.7M | 558.4M | 637.7M | 424.4M | 675.3M | 623.2M | 577.6M | 599.8M |
| Property, plant & equipment | 3.1M | 7.1M | 11.8M | 25.2M | 32.3M | 60M | 93.6M | 100.1M | 98.1M | 90.9M |
| Goodwill & intangibles | 20.7M | 22.3M | 23.9M | 28.8M | 32M | 33M | 37M | 37.3M | 37M | 16.8M |
| Total assets | 428.6M | 390.2M | 576.7M | 670.3M | 703.2M | 838.2M | 846.3M | 952.7M | 951.9M | 875.5M |
| Accounts payable | 3.9M | 6.9M | 3.8M | 10.2M | 9M | 14M | 10.1M | 13.9M | 16.8M | 10.8M |
| Short-term debt | — | — | — | 2.2M | 1.9M | — | 4.7M | 9.8M | 51.5M | 46.5M |
| Total current liabilities | 106.3M | 72.7M | 53.9M | 66.6M | 121.1M | 70.7M | 63.8M | 84.7M | 87.4M | 95.9M |
| Long-term debt | — | — | 0 | 8.6M | 9.7M | 34M | 54.9M | 73.7M | 180.5M | 141.2M |
| Total liabilities | 114.6M | 73.7M | 55.1M | 77M | 130.8M | 104.7M | 118.8M | 283.6M | 277.9M | 239.9M |
| Shareholders' equity | 314M | 316.5M | 521.7M | 593.2M | 572.4M | 733.5M | 727.5M | 669.1M | 674M | 635.6M |
| Total debt | — | — | 0 | 10.7M | 11.6M | 34M | 59.6M | 83.4M | 232M | 187.7M |
| Net debt | — | — | -26.2M | -39.6M | -151.9M | -109.5M | 5.7M | 29.6M | 191.1M | 133.7M |
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 | 494.5M | 593.7M | 535.9M | 508.4M | 543M | 497.8M | 469.6M | 443.9M | 471M | 547.7M | 444.9M | 456.5M |
| Receivables | 55M | 11.3M | 9.6M | 22.1M | 10.2M | 60.8M | 37.8M | 47.6M | 21.8M | 29.3M | 12M | 42.2M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 571.2M | 623.2M | 562.3M | 554.5M | 573.3M | 577.6M | 521.3M | 513.1M | 518.4M | 599.8M | 482.9M | 523.2M |
| Property, plant & equipment | 102.8M | 100.1M | 103.8M | 103.4M | 101.2M | 98.1M | 96.5M | 93.8M | 93M | 90.9M | 88.3M | 86M |
| Goodwill & intangibles | 18.7M | 37.3M | 18.9M | 18.8M | 17.9M | 37M | 26.7M | 22.5M | 18.9M | 16.8M | 15.2M | 13M |
| Total assets | 778.4M | 952.7M | 884.3M | 826.2M | 983.6M | 951.9M | 904.7M | 879.4M | 868.8M | 875.5M | 736.8M | 725M |
| Accounts payable | 15M | 13.9M | 16M | 15.8M | 18.8M | 16.8M | 16.2M | 18.5M | 9.1M | 10.8M | 7.9M | 12.6M |
| Short-term debt | 4.4M | 9.8M | 10M | 8.2M | 9.9M | 51.5M | 3.6M | 3.4M | 3.9M | 46.5M | 30.4M | 31.3M |
| Total current liabilities | 53M | 84.7M | 79.4M | 80.1M | 92M | 87.4M | 88.4M | 96.1M | 86.5M | 95.9M | 73.5M | 81.9M |
| Long-term debt | 56.4M | 73.7M | 79.3M | 79.5M | 76.7M | 180.5M | 64.2M | 64.6M | 65.3M | 141.2M | 144.7M | 138.8M |
| Total liabilities | 109.4M | 283.6M | 272.1M | 263.6M | 262.7M | 277.9M | 264.8M | 259.1M | 243.5M | 239.9M | 221.2M | 221.7M |
| Shareholders' equity | 669M | 669.1M | 612.2M | 562.5M | 720.9M | 674M | 639.9M | 620.4M | 625.3M | 635.6M | 515.6M | 503.2M |
| Total debt | 60.8M | 83.4M | 89.3M | 87.7M | 86.6M | 232M | 67.8M | 67.9M | 69.3M | 187.7M | 175.2M | 170.1M |
| Net debt | 8M | 29.6M | 58.3M | 56.9M | 57.6M | 191.1M | 28.1M | 23.5M | 41M | 133.7M | 161M | 125.4M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 45.1M | -38.5M | -70.4M | 26.9M | -69.3M | 82.6M | -55.2M | -126.3M | -236.5M | -92.1M |
| Depreciation & amortization | 1.5M | 2M | 3.3M | 4.3M | 5.8M | 7.5M | 8.8M | 11.5M | 12.1M | 10.5M |
| Stock-based compensation | 7.8M | 13.7M | 20.5M | 31.9M | 31.6M | 37M | 48.9M | 53.8M | 53.3M | 43.2M |
| Change in working capital | 37M | -10.3M | -32.4M | 2.3M | 43.7M | -90.8M | 48.9M | 156.1M | -36.2M | 24.2M |
| Operating cash flow | 91.4M | -33.1M | -79M | 65.3M | -9.5M | 13.9M | 46.1M | 85.8M | -237.7M | -135.1M |
| Capital expenditure | -1.5M | -5.3M | -7.2M | -7.4M | -10.5M | -13.3M | -38.5M | -18.4M | -6.1M | — |
| Investing cash flow | -212.8M | 33.8M | -162.8M | -47.3M | 103.4M | -43.6M | -114.8M | -108.3M | -4.5M | 143.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 119.3M | 0 | 245.5M | 0 | 0 | 28.9M | 0 | 20.8M | 189.2M | -1.7M |
| Net change in cash | -2.1M | 736K | 3.6M | 18M | 94M | -778K | -68.7M | -1.7M | -53M | 6.3M |
| Free cash flow | 92.2M | -40.9M | -88.9M | 53.3M | -18.8M | -32.8M | -18.9M | 63.9M | -211.7M | -138.3M |
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 | -24.3M | -19.3M | -74.1M | -68.8M | -47.4M | -54.1M | -48.6M | -30.8M | -6M | -6.7M | -128.9M | -21.7M |
| Depreciation & amortization | 3.1M | 3.2M | 3M | 3M | 3.1M | 3M | 2.7M | 2.7M | 2.6M | 2.6M | 2.6M | 2.4M |
| Stock-based compensation | 12.9M | 14.7M | 11.4M | 17.2M | 12.3M | 12.3M | 12.2M | 10.7M | 10.1M | 10.2M | 9.6M | 9.2M |
| Change in working capital | -32.9M | 197.5M | 4M | -14.6M | 18.5M | -9.7M | 23.4M | -10.3M | 10.7M | 508K | -53K | -25.8M |
| Operating cash flow | -41.1M | 196.8M | -61.5M | -69.3M | -22.3M | -81.5M | -19.9M | -36.4M | -30.8M | -51.7M | -67.6M | -55.7M |
| Capital expenditure | -2.8M | -979K | -132K | -3M | -1.3M | -1.7M | -1.4M | — | — | — | — | — |
| Investing cash flow | 45.9M | -202.4M | 33.2M | 66.6M | -162.6M | 58.3M | 13.7M | 40.9M | 14.9M | 72.3M | 27.3M | 85.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | -1.6M | — | -14.2M | 5.7M | -1.7M | 0 | 0 | 0 | — | — |
| Net change in cash | 4.8M | -5.6M | -29.8M | -2.7M | -199.1M | -17.5M | -8M | 4.5M | -16M | 20.6M | -40.3M | 30M |
| Free cash flow | -30.7M | 179.5M | -57.9M | -71M | -30.3M | -58.3M | -17.7M | -36.8M | -31M | -52.9M | -68.2M | -56.2M |