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 % |
|---|---|---|---|---|---|---|
| Q4 23 | -$1.66 | -$1.45 | +12.7% | — | $47.3M | — |
| Q3 23 | -$1.66 | -$1.45 | +12.7% | — | $45.1M | — |
| Q1 23 | — | -$0.19 | — | — | $9.3M | — |
| Q4 22 | — | -$0.21 | — | — | $39.6M | — |
| Q3 22 | — | $0.02 | — | — | $124.6M | — |
| Q2 22 | — | $0.01 | — | — | $133.5M | — |
| Q1 22 | — | $0.03 | — | — | $233.4M | — |
| Q4 21 | — | $0.05 | — | — | $542.5M | — |
| Q2 21 | -$4.4 | -$4.52 | -2.7% | — | $670.9M | — |
| Q1 21 | -$11.3 | -$12.2 | -8.5% | — | $474.2M | — |
| Q4 20 | -$12.8 | -$5.65 | +55.9% | — | $486.8M | — |
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 | — | -$4.5 | — | — | $106M | — |
| FY24 | — | -$7.5 | — | — | $189.2M | — |
| FY23 | — | -$11.5 | — | — | $171M | — |
| FY22 | — | -$17.5 | — | — | $531.1M | — |
| FY21 |
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 | $310.7M | $406.2M | $1.3B | $2.2B | $531.1M | $171M | $189.2M | $106M |
| YoY change | — | +30.7% | +218.6% | +68.8% | -75.7% | -67.8% | +10.7% | -44% |
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 | 310.7M | 406.2M | 1.3B | 2.2B | 531.1M | 171M | 189.2M | 106M |
| Cost of revenue | 105M | 173.5M | 495.7M | 878.2M | 206.2M | 90.3M | 120M | 55.4M |
| Gross profit | 205.7M | 232.8M | 798.7M | 1.3B | 324.9M | 80.7M | 69.2M | 50.6M |
| Gross margin | 66.2% | 57.3% | 61.7% | 59.8% | 61.2% | 47.2% | 36.6% | 47.8% |
| Research & development | 398.6M | 491.3M | 614.8M | 800.2M | 235.8M | 167.9M | 72M | 56.2M |
| Selling, general & administrative | 506.6M | 741.6M | 1.5B | 1.9B | 300.2M | 255.5M | 211M | 158M |
| Operating expenses | 905.2M | 1.2B | 2.1B | 2.7B | 536M | 423.5M | 283M | 214.2M |
| Operating income | -699.5M | -1B | -1.3B | -1.4B | -211.1M | -342.8M | -213.8M | -163.6M |
| Operating margin | -225.1% | -246.2% | -103.1% | -61.9% | -39.8% | -200.5% | -113% | -154.3% |
| Non-operating income, net | 9.5M | 13M | -11.3M | -114.3M | 21.9M | 3.2M | 4.6M | 479K |
| Pretax income | -656.1M | -963.8M | -1.3B | -1.4B | -177.9M | -311.8M | -192.9M | -154.4M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net income | -656.1M | -963.8M | -1.3B | -1.4B | -177.9M | -311.8M | -192.9M | -154.4M |
| Net margin | -211.2% | -237.2% | -103.5% | -66% | -33.5% | -182.4% | -102% | -145.6% |
| EBITDA | -648.9M | -953.5M | -1.3B | -1.2B | -186.6M | -325.8M | -201.8M | -153.4M |
| EPS | -95.9 | -166.5 | -2.2K | -146 | -17.5 | -11.5 | -7.5 | -4.5 |
| Diluted EPS | -95.9 | -166.5 | -2.2K | -146 | -17.5 | -11.5 | -7.5 | -4.5 |
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 | 45.1M | 47.3M | 25.5M | 9.5M | 8.4M | 36.6M | 21.7M | 25.4M | 20M | 38.9M | 99.5M | 90.1M |
| Cost of revenue | 20.7M | 26.8M | 15.7M | 8M | 3.3M | 24.3M | 13.8M | 10.8M | 9.8M | 21M | 37.9M | 27.8M |
| Gross profit | 24.4M | 20.6M | 9.8M | 1.5M | 5.1M | 12.3M | 7.8M | 14.6M | 10.2M | 17.9M | 61.6M | 62.3M |
| Gross margin | 54.1% | 43.4% | 38.4% | 16% | 60.9% | 33.6% | 36.2% | 57.5% | 51.2% | 46.1% | 61.9% | 69.2% |
| Research & development | 45.9M | 40.9M | 19.1M | 3.2M | 1.8M | 17M | 12.6M | 12M | 15.2M | 16.3M | 16.2M | 20M |
| Selling, general & administrative | 57.1M | 81.9M | 53.6M | 6.7M | 6.4M | 64.4M | 29.1M | 31.1M | 41.6M | 56.2M | 66.7M | 42.9M |
| Operating expenses | 103.1M | 122.8M | 72.7M | 10M | 8.2M | 81.4M | 41.7M | 43.1M | 56.9M | 72.5M | 82.9M | 63M |
| Operating income | -78.7M | -102.3M | -62.9M | -8.4M | -3.1M | -69.1M | -33.9M | -28.5M | -46.6M | -54.6M | -21.3M | -631K |
| Operating margin | -174.4% | -216% | -246.7% | -89.2% | -36.3% | -188.8% | -156.3% | -112% | -233.1% | -140.2% | -21.4% | -0.7% |
| Non-operating income, net | -371K | -2M | 1.7M | 12.9K | 57.9K | 2.4M | 253K | 257K | -13K | -18K | 163K | 51K |
| Pretax income | -72.9M | -98.4M | -56.1M | -7.8M | -2.5M | -63.7M | -30.9M | -25.9M | -44.5M | -53M | -19.4M | 1.1M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6K | 0 | — | 0 | 0 |
| Net income | -72.9M | -98.4M | -56.1M | -7.8M | -2.5M | -63.7M | -30.9M | -26M | -44.5M | -53M | -19.4M | 1.1M |
| Net margin | -161.6% | -207.9% | -219.9% | -82.5% | -29.2% | -174.2% | -142.8% | -102.1% | -222.5% | -136.1% | -19.5% | 1.23% |
| EBITDA | -78.6M | -101.4M | -63.1M | -8.5M | -3M | -69.7M | -33.8M | -28.4M | -46.6M | -54.6M | -21.3M | -610K |
| EPS | -8.5 | — | -7 | -7 | -2 | — | -3.5 | -3 | -4.5 | — | -2 | 0 |
| Diluted EPS | -8.5 | — | -7 | -7 | -2 | — | -3.5 | -3 | -4.5 | — | -2 | 0 |
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 | — | — | — | — | 720.9M | — | — | — | — |
| Enterprise value | — | — | — | — | 19.8M | — | — | — | — |
| Shares outstanding | 68.1M | 68.1M | 13.6M | 71.6M | 70.7M | 63.4M | 8.7M | 11.4M | 11.4M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | 1.36 | — | — | — | — |
| P/B | — | — | — | — | 0.95 | — | — | — | — |
| EV/EBITDA | — | — | — | — | -0.11 | — | — | — | — |
| EV/Sales | — | — | — | — | 0.04 | — | — | — | — |
| FCF yield | — | — | — | — | -64.7% | — | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 66.2% | 57.3% | 61.7% | 59.8% | 61.2% | 47.2% | 36.6% | 47.8% | 47.8% |
| Operating margin | -225.1% | -246.2% | -103.1% | -61.9% | -39.8% | -200.5% | -113% | -154.3% | -154.3% |
| Net margin | -211.2% | -237.2% | -103.5% | -66% | -33.5% | -182.4% | -102% | -145.6% | -145.6% |
| ROE | 22% | 21.6% | -64.9% | -180.9% | -23.4% | -63.1% | -49% | -53.9% | -53.9% |
| ROA | -45.5% | -105% | -39.5% | -91.2% | -18.1% | -45.5% | -35.1% | -26.1% | -26.1% |
| ROIC | 16.6% | 20.1% | 228.7% | 571.4% | -366% | -982.3% | -470.5% | — | — |
| Return on tangible assets | -45.5% | -105% | -39.5% | -91.2% | -18.1% | -45.5% | -35.1% | -26.1% | -26.1% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.14 | 1.11 | 2.53 | 1.97 | 4.27 | 3.49 | 3.36 | 1.87 | 1.87 |
| Quick ratio | 4.14 | 1.11 | 2.53 | 1.97 | 4.27 | 3.49 | 3.36 | 1.82 | 1.82 |
| Debt / equity | -0.01 | -0.03 | 0.09 | 0.18 | 0.03 | 0.04 | 0.03 | 0.05 | 0.05 |
| Debt / assets | 0.03 | 0.16 | 0.06 | 0.09 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 |
| Net debt / EBITDA | 1.89 | 0.53 | 2.07 | 0.88 | 3.76 | 1.41 | 1.73 | 2.56 | 2.56 |
| Interest coverage | — | -2K | -457.1 | — | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 4.56 | 5.97 | 95.5 | 30.5 | 7.51 | 2.7 | 21.8 | 9.32 | 9.32 |
| EPS (basic) | -95.9 | -166.5 | -2.2K | -146 | -17.5 | -11.5 | -7.5 | -4.5 | -4.5 |
| EPS (diluted) | -95.9 | -166.5 | -2.2K | -146 | -17.5 | -11.5 | -7.5 | -4.5 | -4.5 |
| Book value per share | -43.7 | -65.5 | 152.2 | 11.1 | 10.7 | 7.8 | 45.4 | 25.2 | 25.2 |
| FCF per share | -6.65 | -9.98 | -45.2 | -22.8 | -6.6 | -3.77 | -17.1 | 2.68 | 2.68 |
| Cash per share | 18.7 | 9.6 | 209.1 | 16.5 | 10.3 | 7.52 | 41.5 | 35.8 | 35.8 |
| Capex per share | 0.5 | 0.71 | 6.6 | 1.64 | 0.15 | 0.17 | 1.04 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 10.9% | 12% | 6.91% | 5.38% | 2% | 6.39% | 4.79% | — | — |
| Capex / operating cash flow | -6.75% | -7.09% | -15.1% | -7.68% | -4.15% | -4.59% | -6.35% | — | — |
| — |
| -$146 |
| — |
| — |
| $2.2B |
| — |
| FY20 | — | -$2.2K | — | — | $1.3B | — |
| FY19 | — | -$166.5 | — | — | $406.2M | — |
| FY18 | — | -$95.9 | — | — | $310.7M | — |
| 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 | $45.1M | $47.3M | $25.5M | $9.5M | $8.4M | $36.6M | $21.7M | $25.4M | $20M | $38.9M | $99.5M | $90.1M |
| YoY change | -63.8% | +19.7% | +175% | -86.3% | -81.3% | -22.7% | -15% | +168.4% | +137.1% | +6.41% | +359% | +254.6% |
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 | 1.3B | 653.9M | 2.8B | 1.2B | 727.4M | 476.7M | 359.3M | 406.9M |
| Receivables | — | — | — | 0 | 34.8M | 59.2M | 67.1M | 42.6M |
| Inventory | — | — | — | — | — | — | — | 15.7M |
| Total current assets | 1.3B | 757.6M | 3B | 1.3B | 913.4M | 630.7M | 508.9M | 550.7M |
| Property, plant & equipment | 93.6M | 145.4M | 325.2M | 231.7M | 64M | 52M | 38.2M | 37.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 1.4B | 918.3M | 3.4B | 1.6B | 980.5M | 684.5M | 549.5M | 590.5M |
| Accounts payable | — | — | — | — | — | — | — | — |
| Short-term debt | 24.5M | 128.2M | 69.4M | 46.9M | 18.7M | 7.6M | 6.8M | 5M |
| Total current liabilities | 322.7M | 680.7M | 1.2B | 683.1M | 214.1M | 180.6M | 151.6M | 294.2M |
| Long-term debt | 19.5M | 21.3M | 118.1M | 100.3M | 7.5M | 9.7M | 4.3M | 9.7M |
| Total liabilities | 4.4B | 5.4B | 1.3B | 783.4M | 221.7M | 190.3M | 155.9M | 303.9M |
| Shareholders' equity | -3B | -4.5B | 2.1B | 797M | 758.9M | 494.3M | 393.6M | 286.6M |
| Total debt | 44.1M | 149.4M | 187.5M | 147.2M | 26.3M | 17.3M | 11.1M | 14.7M |
| Net debt | -1.2B | -504.4M | -2.6B | -1B | -681.6M | -289.6M | -223.1M | -231.8M |
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 | 73M | 169.8M | 24.2M | 8.7M | 59.5M | 125.1M | 62.9M | 119.4M | 341.9M | 406.9M | 352.3M | 456.9M |
| Receivables | — | — | — | — | — | — | — | — | 22.8M | 42.6M | 42.3M | 24.3M |
| Inventory | — | — | — | — | — | — | — | — | — | 15.7M | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 447.4M | 550.7M | 472.7M | 559.8M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 33.6M | 37.5M | 35.4M | 31.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | — | — | — | — | — | — | — | 482.5M | 590.5M | 510.5M | 593.9M |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | — | — | — | — | — | — | — | — | 5.1M | 5M | 4.7M | 4.5M |
| Total current liabilities | — | — | — | — | — | — | — | — | 144.4M | 294.2M | 232.7M | 316.1M |
| Long-term debt | — | — | — | — | — | — | — | — | 4M | 9.7M | 8.7M | 7.6M |
| Total liabilities | — | — | — | — | — | — | — | — | 148.4M | 303.9M | 241.4M | 323.7M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 334.1M | 286.6M | 269.1M | 270.2M |
| Total debt | — | — | — | — | — | — | — | — | 9.1M | 14.7M | 13.4M | 12.1M |
| Net debt | — | — | — | — | — | — | — | — | -234.5M | -231.8M | -161.2M | -444.8M |
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 | -656.1M | -963.8M | -1.3B | -1.4B | -177.9M | -311.8M | -192.9M | -154.4M |
| Depreciation & amortization | 15.8M | 22.7M | 39.7M | 64.8M | 24.7M | 16.2M | 12.3M | 10M |
| Stock-based compensation | 123.5M | 93.1M | 356M | 195.2M | 129.6M | 83.7M | 61.9M | 30.8M |
| Change in working capital | -7.4M | 120.7M | 289.9M | -451M | -266.3M | -42.9M | -33.5M | 145.4M |
| Operating cash flow | -502.9M | -685.5M | -591.3M | -1.5B | -255.7M | -238M | -142.5M | 37.3M |
| Capital expenditure | -33.9M | -48.6M | -89.5M | -117.6M | 10.6M | -10.9M | -9.1M | — |
| Investing cash flow | -48.9M | -28.6M | -89.5M | -117.6M | -8.9M | -161.1M | 35.6M | -35.4M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | -25.8M | 0 | 0 | 0 | -33.9M | -51.4M | -1.1M | -3.5M |
| Financing cash flow | 1.6B | 85M | 2.7B | -9.6M | -33.9M | -51.4M | 21.3M | 25.4M |
| Net change in cash | 1B | -629.1M | 2B | -1.7B | -298.6M | -450.5M | -85.6M | 27.3M |
| Free cash flow | -452.8M | -679.9M | -612.5M | -1.6B | -466.7M | -238.7M | -148.6M | 30.5M |
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 | Q4 19 | Q4 20 |
|---|---|---|
| Net income | -177.7M | -365.1M |
| Depreciation & amortization | 6.1M | 11.5M |
| Stock-based compensation | 14.7M | 230.5M |
| Change in working capital | 10.4M | 65M |
| Operating cash flow | -134.5M | -39.2M |
| Capital expenditure | -10.3M | -29.6M |
| Investing cash flow | -10.3M | -29.6M |
| Dividends paid | — | — |
| Share repurchases | — | — |
| Financing cash flow | 0 | 2B |
| Net change in cash | -144.8M | 1.9B |
| Free cash flow | -53.4M | -26.2M |