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 26 | $1.09 | $1.19 | +9.2% | — | $898.2M | — |
| Q3 26 | $1.01 | $1.08 | +6.9% | — | $850.5M | — |
| Q2 26 | $0.9 | $1.01 | +12.2% | — | $815.8M | — |
| Q1 26 | $0.86 | $0.96 | +11.6% | — | $788.1M | — |
| Q4 25 | $0.8 | $0.89 | +11.2% | — | $719.2M | — |
| Q3 25 | $0.76 | $0.84 | +10.5% | — | $678M | — |
| Q2 25 | $0.69 | $0.78 | +13.0% | — | $647.9M | — |
| Q1 25 | $0.63 | $0.77 | +22.2% | — | $628M | — |
| Q4 24 | $0.69 | $0.88 | +27.5% | — | $592.9M | — |
| Q3 24 | $0.65 | $0.88 | +35.4% | — | $553.2M | — |
| Q2 24 | $0.58 | $0.76 | +31.0% | — | $525M | — |
| Q1 24 | $0.49 | $0.67 | +36.7% | — | $496.7M | — |
| Q4 23 | $0.49 | $0.64 | +30.6% | — | $455M | — |
| Q3 23 | $0.42 | $0.48 | +14.3% | — | $418.8M | — |
| Q2 23 | $0.29 | $0.37 | +27.6% | — | $387.6M | — |
| Q1 23 | $0.26 | $0.29 | +11.5% | — | $355.5M | — |
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 % |
|---|---|---|---|---|---|---|
| FY26 | — | -$0.39 | — | — | $3.4B | — |
| FY25 | — | -$0.27 | — | — | $2.7B | — |
| FY24 | — | -$0.39 | — | — | $2.2B | — |
| FY23 | — | -$1.4 | — | — | $1.6B |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $125.7M | $190.2M | $302.8M | $431.3M | $673.1M | $1.1B | $1.6B | $2.2B | $2.7B | $3.4B |
| YoY change | +56.5% | +51.3% | +59.2% | +42.4% | +56.1% | +62.1% | +48.2% | +34.1% | +23.3% | +25.4% |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 125.7M | 190.2M | 302.8M | 431.3M | 673.1M | 1.1B | 1.6B | 2.2B | 2.7B | 3.4B |
| Cost of revenue | 27.5M | 37.9M | 59.7M | 95.7M | 150.3M | 242.3M | 362.8M | 477.1M | 618.2M | 777.6M |
| Gross profit | 98.2M | 152.3M | 243.2M | 335.5M | 522.8M | 848.7M | 1.3B | 1.7B | 2.1B | 2.6B |
| Gross margin | 78.1% | 80.1% | 80.3% | 77.8% | 77.7% | 77.8% | 77.6% | 78% | 76.9% | 76.8% |
| Research & development | 33.6M | 39.4M | 62M | 97.9M | 174.7M | 289.1M | 349.7M | 499.8M | 672.5M | 903.4M |
| Selling, general & administrative | 99.8M | 147.5M | 216.5M | 351.6M | 555.9M | 887M | 1.1B | 1.3B | 1.5B | 1.8B |
| Operating expenses | 133.3M | 186.9M | 278.5M | 449.5M | 730.6M | 1.2B | 1.5B | 1.8B | 2.2B | 2.7B |
| Operating income | -35.1M | -34.6M | -35.3M | -114M | -207.8M | -327.4M | -227M | -121.5M | -127.1M | -121.1M |
| Operating margin | -27.9% | -18.2% | -11.7% | -26.4% | -30.9% | -30% | -14% | -5.6% | -4.76% | -3.61% |
| Non-operating income, net | -107K | 79K | -329K | -224K | 1.2M | -4.2M | -9.5M | -3.8M | -7M | -20.3M |
| Pretax income | -34.6M | -32.3M | -27.9M | -112.7M | -257.2M | -383.6M | -182.6M | -29.2M | -18.3M | -17.1M |
| Income tax | 877K | 1.3M | 743K | 2.4M | 4.9M | 6.6M | 19.8M | 28.5M | 23.2M | 46M |
| Net income | -35.5M | -33.6M | -28.7M | -115.1M | -262M | -390.3M | -202.3M | -57.7M | -41.5M | -63.2M |
| Net margin | -28.2% | -17.7% | -9.46% | -26.7% | -38.9% | -35.8% | -12.5% | -2.66% | -1.55% | -1.88% |
| EBITDA | -28.2M | -24.3M | -16.6M | -86.8M | -167.4M | -277.6M | -101.6M | 64.8M | 109.4M | 190.6M |
| EPS | -0.43 | -0.63 | -0.23 | -0.89 | -1.93 | -2.77 | -1.4 | -0.39 | -0.27 | -0.39 |
| Diluted EPS | -0.43 | -0.63 | -0.23 | -0.89 | -1.93 | -2.77 | -1.4 | -0.39 | -0.27 | -0.39 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 496.7M | 525M | 553.2M | 592.9M | 628M | 647.9M | 678M | 719.2M | 788.1M | 815.8M | 850.5M | 898.2M |
| Cost of revenue | 111.4M | 117.2M | 118.3M | 130.2M | 141.5M | 148.5M | 156M | 172.2M | 184.8M | 191.3M | 192.7M | 209M |
| Gross profit | 385.3M | 407.8M | 434.9M | 462.7M | 486.5M | 499.4M | 522.1M | 547M | 603.4M | 624.5M | 657.8M | 689.2M |
| Gross margin | 77.6% | 77.7% | 78.6% | 78% | 77.5% | 77.1% | 77% | 76.1% | 76.6% | 76.6% | 77.3% | 76.7% |
| Research & development | 113.5M | 122.2M | 125M | 139.2M | 154.3M | 170.9M | 169.8M | 177.6M | 200.5M | 229.1M | 232.3M | 241.5M |
| Selling, general & administrative | 317.8M | 331.1M | 312.9M | 350.5M | 362.9M | 368.3M | 377.7M | 398.6M | 439.2M | 442.9M | 455.2M | 435.5M |
| Operating expenses | 431.4M | 453.3M | 437.9M | 489.6M | 517.2M | 539.1M | 547.5M | 576.2M | 639.7M | 672.1M | 687.5M | 677M |
| Operating income | -46.1M | -45.5M | -3M | -26.9M | -30.7M | -40.1M | -25.4M | -30.9M | -36.4M | -51.8M | -29.6M | -3.4M |
| Operating margin | -9.27% | -8.66% | -0.54% | -4.55% | -4.88% | -6.2% | -3.75% | -4.3% | -4.61% | -6.35% | -3.49% | -0.37% |
| Non-operating income, net | -1.2M | 172K | -927K | -1.8M | -652K | -4.9M | 677K | -2.1M | -3M | 803K | -4.1M | -14M |
| Pretax income | -24.5M | -20.5M | 20.9M | -5.1M | -4.4M | -16.5M | 4.6M | -1.9M | -8.4M | -21.3M | -2.4M | 14.9M |
| Income tax | 9M | 8M | 1.7M | 9.8M | 7.6M | -8.8M | 8.7M | 15.7M | 3.2M | 13M | 11.5M | 18.3M |
| Net income | -33.5M | -28.5M | 19.1M | -14.9M | -12.1M | -7.7M | -4.1M | -17.6M | -11.6M | -34.3M | -13.9M | -3.4M |
| Net margin | -6.74% | -5.42% | 3.46% | -2.51% | -1.92% | -1.19% | -0.61% | -2.44% | -1.47% | -4.21% | -1.63% | -0.38% |
| EBITDA | -4.3M | 604K | 44.7M | 22.9M | 24.4M | 13.6M | 39M | 30.2M | 35M | 26.9M | 49.8M | 64.7M |
| EPS | -0.23 | -0.19 | 0.13 | -0.1 | -0.08 | -0.05 | -0.03 | -0.11 | -0.07 | -0.21 | -0.09 | -0.02 |
| Diluted EPS | -0.23 | -0.19 | 0.12 | -0.1 | -0.08 | -0.05 | -0.03 | -0.11 | -0.07 | -0.21 | -0.09 | -0.02 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 16.8B | 32B | 21.8B | 23.2B | 26.8B | 44.1B | 24.2B | 32.5B |
| Enterprise value | — | — | — | 16.3B | 31.5B | 21.2B | 22.4B | 25.7B | 42.3B | 22.6B | 29.9B |
| Shares outstanding | 103.6M | 63.9M | 123.6M | 129.3M | 135.7M | 140.9M | 144.9M | 149.6M | 154.4M | 160.2M | 160.2M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -511.2 |
| P/S | — | — | — | 38.9 | 47.5 | 20 | 14.4 | 12.4 | 16.5 | 7.23 | 9.78 |
| P/B | — | — | — | 34.6 | 60.5 | 38.1 | 32.1 | 21.1 | 24.5 | 9.32 | 12.6 |
| EV/EBITDA | — | — | — | -188 | -188 | -76.2 | -220 | 395.7 | 386.7 | 118.6 | 681.2 |
| EV/Sales | — | — | — | 37.9 | 46.7 | 19.4 | 13.8 | 11.8 | 15.8 | 6.74 | 8.91 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -0.2% |
| FCF yield | — | — | — | 0.16% | 0.45% | 1.06% | 1.44% | 2.18% | 1.65% | 3.22% | 3.31% |
| PEG | — | — | — | — | — | — | — | — | — | — | 6.25 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 78.1% | 80.1% | 80.3% | 77.8% | 77.7% | 77.8% | 77.6% | 78% | 76.9% | 76.8% | 76.7% |
| Operating margin | -27.9% | -18.2% | -11.7% | -26.4% | -30.9% | -30% | -14% | -5.6% | -4.76% | -3.61% | -1.01% |
| Net margin | -28.2% | -17.7% | -9.46% | -26.7% | -38.9% | -35.8% | -12.5% | -2.66% | -1.55% | -1.88% | -1.88% |
| ROE | -71.2% | -14% | -9.29% | -23.7% | -49.5% | -68.1% | -27.9% | -4.53% | -2.31% | -2.43% | -2.87% |
| ROA | -19.4% | -7.51% | -4.74% | -6.28% | -11.6% | -13.8% | -5.61% | -1.23% | -0.65% | -0.8% | -1.03% |
| ROIC | 92% | 59.4% | 63% | -584.6% | 2.3K% | 291.5% | 137.9% | -118.6% | -542.4% | -12.4% | -12.4% |
| Return on tangible assets | -19.4% | -7.51% | -5.01% | -6.67% | -12.6% | -14.9% | -5.99% | -1.54% | -0.76% | -1.26% | -1.26% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.19 | 2.12 | 1.89 | 3.73 | 2.57 | 1.99 | 1.88 | 1.09 | 2.01 | 1.7 | 1.7 |
| Quick ratio | 1.19 | 2.12 | 1.89 | 3.73 | 2.57 | 1.99 | 1.88 | 1.09 | 2.01 | 1.7 | 1.7 |
| Debt / equity | — | — | 0 | 1.87 | 1.82 | 1.82 | 1.67 | 0.97 | 1 | 0.71 | 0.72 |
| Debt / assets | — | — | 0 | 0.49 | 0.43 | 0.37 | 0.34 | 0.26 | 0.28 | 0.24 | 0.24 |
| Net debt / EBITDA | — | — | 22 | 5.36 | 3.21 | 2.47 | 8.76 | -18.1 | -16.2 | -8.49 | -9.17 |
| Interest coverage | — | — | — | -22.6 | -3.82 | -5.78 | -26.9 | -1.23 | -2.5 | -3.72 | -1.25 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.21 | 2.98 | 2.45 | 3.33 | 4.96 | 7.74 | 11.2 | 14.5 | 17.3 | 20.9 | 20.9 |
| EPS (basic) | -0.43 | -0.63 | -0.23 | -0.89 | -1.93 | -2.77 | -1.4 | -0.39 | -0.27 | -0.39 | -0.39 |
| EPS (diluted) | -0.43 | -0.63 | -0.23 | -0.89 | -1.93 | -2.77 | -1.4 | -0.39 | -0.27 | -0.39 | -0.39 |
| Book value per share | 0.48 | 3.76 | 2.5 | 3.75 | 3.9 | 4.07 | 5 | 8.52 | 11.7 | 16.2 | 15.9 |
| FCF per share | -0.14 | 0.03 | 0.23 | 0.21 | 1.06 | 1.64 | 2.3 | 3.91 | 4.71 | 4.86 | 4.81 |
| Cash per share | 0.85 | 4.67 | 2.95 | 10.6 | 11.1 | 12.3 | 14.5 | 16.1 | 23.1 | 21.7 | 21.3 |
| Capex per share | 0.08 | 0.21 | 0.21 | 0.33 | 0.36 | 0.49 | 0.67 | 0.97 | 0.53 | 0.46 | 0.45 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 6.19% | 7.04% | 8.43% | 9.99% | 7.16% | 6.35% | 6.01% | 6.67% | 3.05% | 2.18% | 2.18% |
| Capex / operating cash flow | -89.7% | 66% | 37.4% | 48% | 25.8% | 23.7% | 21.1% | 18.4% | 8.38% | 6.48% | 6.48% |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY22 | — | -$2.77 | — | — | $1.1B | — |
| FY21 | — | -$1.93 | — | — | $673.1M | — |
| FY20 | — | -$0.89 | — | — | $431.3M | — |
| FY19 | — | -$0.23 | — | — | $302.8M | — |
| FY18 | — | -$0.63 | — | — | $190.2M | — |
| FY17 | — | -$0.43 | — | — | $125.7M | — |
| Period | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $496.7M | $525M | $553.2M | $592.9M | $628M | $647.9M | $678M | $719.2M | $788.1M | $815.8M | $850.5M | $898.2M |
| YoY change | +39.7% | +35.4% | +32.1% | +30.3% | +26.4% | +23.4% | +22.6% | +21.3% | +25.5% | +25.9% | +25.4% | +24.9% |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 88M | 298.5M | 364.6M | 1.4B | 1.5B | 1.7B | 2.1B | 2.4B | 3.6B | 3.5B |
| Receivables | 39.1M | 61.6M | 93.3M | 147.6M | 257.1M | 399.7M | 582.6M | 736.5M | 992.2M | 1.1B |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 142.9M | 387.2M | 496.1M | 1.6B | 1.8B | 2.3B | 2.9B | 3.4B | 4.9B | 5B |
| Property, plant & equipment | 13.1M | 19.8M | 41M | 111.9M | 152.9M | 233M | 313M | 472.9M | 633.1M | 890.2M |
| Goodwill & intangibles | — | 0 | 32.4M | 108.2M | 182.2M | 220.7M | 230.1M | 961.7M | 930.1M | 2.9B |
| Total assets | 182.9M | 447.8M | 604.2M | 1.8B | 2.3B | 2.8B | 3.6B | 4.7B | 6.4B | 7.9B |
| Accounts payable | 3.8M | 4.9M | 6.2M | 5.2M | 12.5M | 26.2M | 18.5M | 23.3M | 46.9M | 48M |
| Short-term debt | — | — | — | 15.6M | 19.8M | 26.1M | 34.5M | 1.2B | 52.5M | 64.9M |
| Total current liabilities | 120.5M | 182.8M | 261.9M | 423.9M | 720.2M | 1.1B | 1.5B | 3.1B | 2.4B | 3B |
| Long-term debt | — | — | 0 | 889.6M | 944.8M | 1B | 1.2B | 44.8M | 1.7B | 1.8B |
| Total liabilities | 133.1M | 207.5M | 295.6M | 1.3B | 1.7B | 2.3B | 2.9B | 3.4B | 4.6B | 5.3B |
| Shareholders' equity | 49.8M | 240.2M | 308.6M | 484.8M | 528.9M | 573.3M | 725.1M | 1.3B | 1.8B | 2.6B |
| Total debt | — | — | 0 | 905.2M | 964.6M | 1B | 1.2B | 1.2B | 1.8B | 1.9B |
| Net debt | — | — | -78.5M | 763.4M | 688.7M | 32.5M | -51.7M | -185.1M | -592.4M | 927.5M |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 2.3B | 2.5B | 2.2B | 2.4B | 2.7B | 2.9B | 3B | 3.6B | 3.3B | 3.5B | 3.5B | 3.5B |
| Receivables | 366.8M | 479.6M | 506.3M | 736.5M | 424.6M | 514.3M | 615.8M | 992.2M | 530.5M | 551.8M | 730.5M | 1.1B |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 2.9B | 3.1B | 3B | 3.4B | 3.4B | 3.7B | 3.9B | 4.9B | 4.2B | 4.5B | 4.7B | 5B |
| Property, plant & equipment | 342.7M | 382.3M | 423.1M | 472.9M | 493.1M | 506M | 570.2M | 633.1M | 669.7M | 683M | 712.9M | 890.2M |
| Goodwill & intangibles | 236.1M | 229.9M | 972M | 961.7M | 953.2M | 946.8M | 938.3M | 930.1M | 2.4B | 2.4B | 2.6B | 2.9B |
| Total assets | 3.6B | 3.9B | 4.2B | 4.7B | 4.7B | 5B | 5.3B | 6.4B | 6.5B | 6.8B | 7.1B | 7.9B |
| Accounts payable | 23.2M | 17.1M | 28M | 23.3M | 25.4M | 24.6M | 54.6M | 46.9M | 48.4M | 29M | 33.9M | 48M |
| Short-term debt | 38.1M | 44.8M | 50.9M | 1.2B | 1.2B | 1.2B | 1.2B | 52.5M | 68.4M | 67.6M | 66.8M | 64.9M |
| Total current liabilities | 1.5B | 1.6B | 1.7B | 3.1B | 3B | 3B | 3.2B | 2.4B | 2.3B | 2.3B | 2.5B | 3B |
| Long-term debt | 1.2B | 1.2B | 1.2B | 44.8M | 41.9M | 40.9M | 32.7M | 1.7B | 1.8B | 1.8B | 1.8B | 1.8B |
| Total liabilities | 2.8B | 3B | 3.1B | 3.4B | 3.3B | 3.4B | 3.5B | 4.6B | 4.5B | 4.6B | 4.7B | 5.3B |
| Shareholders' equity | 807.5M | 958.9M | 1.1B | 1.3B | 1.4B | 1.6B | 1.8B | 1.8B | 2B | 2.2B | 2.4B | 2.6B |
| Total debt | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.8B | 1.8B | 1.9B | 1.9B | 1.9B |
| Net debt | -146M | -204.9M | -23.8M | -185.1M | -316.3M | -520.2M | -762.1M | -592.4M | 495.8M | 661.6M | 879.1M | 927.5M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -35.5M | -33.6M | -28.7M | -115.1M | -262M | -390.3M | -202.3M | -57.7M | -41.5M | -63.2M |
| Depreciation & amortization | 6.8M | 8M | 11.3M | 21.1M | 36.5M | 49.5M | 66.8M | 80.9M | 121.2M | 192M |
| Stock-based compensation | 9.9M | 11.2M | 46.4M | 121.4M | 258.5M | 409.6M | 444.8M | 527.7M | 661.4M | 821.9M |
| Change in working capital | 1.6M | 21.4M | 21.6M | 19.9M | 42.4M | 76M | 17.1M | 52M | 42.1M | -150.5M |
| Operating cash flow | -8.7M | 20.3M | 68.2M | 89.8M | 186.6M | 292.4M | 460.8M | 784.1M | 972.5M | 1.1B |
| Capital expenditure | -7.8M | -13.4M | -25.5M | -43.1M | -48.2M | -69.3M | -97.2M | -144.6M | -81.5M | -73.2M |
| Investing cash flow | -8M | -175.9M | -157.4M | -1B | -99.5M | 395.3M | -227.8M | -632.9M | -262.8M | -2.4B |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -3.8M | -22K | 0 | 0 | — | — | — | — | — |
| Financing cash flow | 1.8M | 202.5M | 86K | 985.3M | -2.3M | -255K | -217K | -39K | -796.7M | -991K |
| Net change in cash | -14.8M | 46.9M | -89.2M | 45.7M | 84.8M | 687.5M | 232.8M | 151.2M | -87M | -1.2B |
| Free cash flow | -14.2M | 2.1M | 27.9M | 27.5M | 143.7M | 231.3M | 333.6M | 585M | 726.7M | 779.1M |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | — | — | — | — | — | — | — | — | -11.6M | -34.3M | -13.9M | -3.4M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | 41.3M | 46.1M | 49.5M | 55.2M |
| Stock-based compensation | — | — | — | — | — | — | — | — | 188.6M | 216.6M | 205.2M | 211.6M |
| Change in working capital | — | — | — | — | — | — | — | — | 226.5M | -103.9M | -157.1M | -116M |
| Operating cash flow | — | — | — | — | — | — | — | — | 448.3M | 204.1M | 198M | 279.3M |
| Capital expenditure | — | — | — | — | — | — | — | — | -17.7M | -17.2M | -19.7M | -18.7M |
| Investing cash flow | — | — | — | — | — | — | — | — | -1.5B | -343.2M | -376.3M | -171.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | -881K | -110K | 0 | 0 |
| Net change in cash | — | — | — | — | — | — | — | — | -1B | -139.2M | -178.2M | 108.2M |
| Free cash flow | — | — | — | — | — | — | — | — | 413.3M | 169.1M | 136M | 60.8M |