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 | -$0.59 | -$0.62 | -5.1% | — | $4.6M | — |
| Q1 26 | -$0.1 | -$0.59 | -490.0% | — | $2.4M | — |
| Q4 25 | -$0.32 | -$0.55 | -71.9% | — | $2.5M | — |
| Q3 25 | -$0.32 | -$0.26 | +18.8% | — | $27.6M | — |
| Q2 25 | -$0.47 | $0.03 | +106.4% | — | $48.7M | — |
| Q1 25 | -$0.7 | -$0.3 | +57.1% | — | $27.1M | — |
| Q4 24 | -$0.09 | -$0.31 | -244.4% | — | $31M | — |
| Q3 24 | -$0.41 | -$0.39 | +4.9% | — | $16M | — |
| Q2 24 | -$0.31 | -$0.49 | -58.1% | — | $19.2M | — |
| Q1 24 | -$0.29 | -$0.42 | -44.8% | — | $10M | — |
| Q4 23 | -$0.44 | -$0.2 | +54.5% | — | $16.9M | — |
| Q3 23 | -$0.47 | -$0.41 | +12.8% | — | $16.5M | — |
| Q2 23 | -$0.47 | -$0.76 | -61.7% | — | $7M | — |
| Q1 23 | -$0.54 | -$0.36 | +33.3% | — | $35.6M | — |
| Q4 22 | $4.84 | $4.65 | -3.9% | — | $402.5M | — |
| Q3 22 | -$0.92 | -$0.72 | +21.7% | — | $2.6M | — |
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 | — | -$1.08 | — | — | $106M | — |
| FY24 | — | -$1.62 | — | — | $76.3M | — |
| FY23 | — | -$1.72 | — | — | $76M | — |
| FY22 | — | $1.91 | — | — | $412.5M |
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 | $11M | $51.8M | $53M | $29.5M | $39M | $18.4M | $412.5M | $76M | $76.3M | $106M |
| YoY change | +14% | +370.2% | +2.43% | -44.3% | +31.8% | -52.9% | +2.1K% | -81.6% | +0.38% | +38.9% |
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 | 11M | 51.8M | 53M | 29.5M | 39M | 18.4M | 412.5M | 76M | 76.3M | 106M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 36.8M | 41.1M | 56.9M | 117.4M | 171.2M | 137.4M | 208.6M | 143.6M | 134.6M | 137M |
| Selling, general & administrative | 12.6M | 18.6M | 29.5M | 62.7M | 55.2M | 29.3M | 73.4M | 70.4M | 61.5M | 61.5M |
| Operating expenses | 48.1M | 58.6M | 86.4M | 180.1M | 226.4M | 166.7M | 282M | 214M | 196.1M | 198.5M |
| Operating income | -37.1M | -7.9M | -33.4M | -150.5M | -187.5M | -148.4M | 130.5M | -138M | -119.8M | -92.5M |
| Operating margin | -337% | -15.3% | -62.9% | -509.5% | -481.3% | -808.4% | 31.6% | -181.6% | -157% | -87.3% |
| Non-operating income, net | -1.1M | -2.8M | -3.6M | -1.4M | 1.6M | 900.6K | 1.1M | -894K | -16.7M | -559K |
| Pretax income | -38.9M | -10M | -34.4M | -146M | -180.1M | -146.1M | 135.2M | -119.2M | -116.6M | -79.8M |
| Income tax | -5.1M | 444K | 2.2M | -582K | 429K | -355K | 10.9M | -568K | 6.1M | 1.4M |
| Net income | -33.8M | -10.4M | -36.6M | -145.4M | -180.6M | -145.8M | 124.3M | -118.7M | -122.7M | -81.1M |
| Net margin | -307.1% | -20.1% | -68.9% | -492.3% | -463.5% | -794% | 30.1% | -156.1% | -160.8% | -76.6% |
| EBITDA | -36.3M | -3.7M | -26.2M | -141.9M | -178.9M | -142.6M | 141.3M | -119.5M | -92.1M | -80.8M |
| EPS | -1.72 | -0.51 | -1.26 | -3.83 | -3.58 | -4.11 | 1.91 | -1.72 | -1.62 | -1.08 |
| Diluted EPS | -1.72 | -0.64 | -1.26 | -3.83 | -3.58 | -4.61 | 1.9 | -1.72 | -1.62 | -1.08 |
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 | 16.5M | 16.9M | 10M | 19.2M | 16M | 31M | 27.1M | 48.7M | 27.6M | 2.5M | 2.4M | 4.6M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 32.8M | 25.5M | 32M | 29.2M | 36.4M | 37.1M | 35.7M | 34.4M | 35.6M | 31.2M | 34.5M | 27.4M |
| Selling, general & administrative | 17M | 14.8M | 15.8M | 15.7M | 13.9M | 16.2M | 17M | 14.9M | 14.1M | 15.4M | 15.1M | 19.3M |
| Operating expenses | 49.8M | 40.3M | 47.8M | 44.9M | 50.3M | 53.3M | 52.7M | 49.3M | 49.7M | 46.6M | 49.6M | 46.7M |
| Operating income | -33.3M | -23.4M | -37.8M | -25.6M | -34.3M | -22.2M | -25.6M | -623K | -22.1M | -44.1M | -47.1M | -42.1M |
| Operating margin | -201.6% | -138.1% | -376.9% | -133.1% | -214.1% | -71.6% | -94.5% | -1.28% | -79.9% | -1.8K% | -2K% | -918.2% |
| Non-operating income, net | 634K | -832K | 304K | -17.2M | -204K | 344K | 49K | -621K | 315K | -302K | 120K | 196K |
| Pretax income | -27.6M | -19.2M | -31.6M | -37.6M | -29.6M | -17.8M | -22.1M | 2.1M | -18.3M | -41.5M | -46.4M | -45.3M |
| Income tax | 1.1M | -4.7M | 75K | 68K | 226K | 5.7M | 496K | -186K | 1.3M | -270K | -2.2M | -273K |
| Net income | -28.7M | -14.5M | -31.7M | -37.7M | -29.9M | -23.5M | -22.6M | 2.3M | -19.6M | -41.2M | -44.2M | -45M |
| Net margin | -173.8% | -85.6% | -315.6% | -195.8% | -186.6% | -75.8% | -83.5% | 4.76% | -71% | -1.6K% | -1.8K% | -980.8% |
| EBITDA | -27M | -19.5M | -35.8M | -5.9M | -31.4M | -19.1M | -22.3M | 3.2M | -19.8M | -41.8M | -41.4M | -36.7M |
| EPS | -0.41 | — | -0.42 | -0.49 | -0.39 | -0.31 | -0.3 | 0.03 | -0.26 | -0.55 | -0.59 | -0.62 |
| Diluted EPS | -0.41 | — | -0.42 | -0.49 | -0.39 | -0.31 | -0.3 | 0.03 | -0.26 | -0.55 | -0.59 | -0.62 |
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 | — | 161.3M | — | — | — | 845M | — | 715.5M | — | 2B | 1.9B |
| Enterprise value | — | 73.6M | — | — | — | 693.4M | — | 367.9M | — | 1.8B | 1.6B |
| Shares outstanding | 19.7M | 21.2M | 29.1M | 38M | 50.4M | 51.6M | 65.2M | 68.9M | 75.8M | 75.4M | 75.4M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 3.79 |
| P/S | — | 3.12 | — | — | — | 46 | — | 9.41 | — | 18.7 | 52.1 |
| P/B | — | 1.39 | — | — | — | 4.93 | — | 1.54 | — | 7.39 | 24 |
| EV/EBITDA | — | -20.1 | — | — | — | -4.86 | — | -3.08 | — | -22 | -10.8 |
| EV/Sales | — | 1.42 | — | — | — | 37.8 | — | 4.84 | — | 16.7 | 43.8 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 26.4% |
| FCF yield | — | -1.8% | — | — | — | -16.8% | — | -17.1% | — | -1.78% | -3.35% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -337% | -15.3% | -62.9% | -509.5% | -481.3% | -808.4% | 31.6% | -181.6% | -157% | -87.3% | -919% |
| Net margin | -307.1% | -20.1% | -68.9% | -492.3% | -463.5% | -794% | 30.1% | -156.1% | -160.8% | -76.6% | 0% |
| ROE | -375.6% | -8.94% | -20.3% | -59.2% | -44% | -85% | 25.2% | -25.5% | -36.2% | -30.2% | -72.3% |
| ROA | -36% | -7.89% | -15% | -39.5% | -33.5% | -54.4% | 19.2% | -20.4% | -26.5% | -23.4% | -24.1% |
| ROIC | 138.5% | -27.6% | 170.1% | 325.1% | 2.4K% | -748.4% | 416% | -117.8% | -91.1% | -159.6% | 89.2% |
| Return on tangible assets | -117.8% | -14.9% | -20.3% | -49% | -38.5% | -65.8% | 21.7% | -23.4% | -28.5% | -25.4% | -40.4% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.81 | 6.3 | 6.82 | 3.78 | 5.31 | 4.01 | 5.7 | 7.41 | 3.4 | 5.88 | 6.32 |
| Quick ratio | 2.81 | 6.3 | 6.82 | 3.78 | 5.31 | 4.01 | 5.7 | 7.41 | 3.4 | 5.88 | 6.32 |
| Debt / equity | 0.5 | 0 | 0 | 0.03 | 0.02 | 0.13 | 0.06 | 0.06 | 0.05 | 0.07 | 0.2 |
| Debt / assets | 0.05 | 0 | 0 | 0.02 | 0.02 | 0.08 | 0.04 | 0.05 | 0.04 | 0.05 | 0.04 |
| Net debt / EBITDA | 0.99 | 24 | 7.63 | 2.06 | 2.34 | 1.06 | -3.28 | 2.91 | 2.25 | 2.61 | 1.82 |
| Interest coverage | -39.9 | -8.89 | -201 | — | — | — | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 8.05% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.56 | 2.44 | 1.82 | 0.78 | 0.77 | 0.36 | 6.33 | 1.1 | 1.01 | 1.41 | 0.5 |
| EPS (basic) | -1.72 | -0.51 | -1.26 | -3.83 | -3.58 | -4.11 | 1.91 | -1.72 | -1.62 | -1.08 | -1.08 |
| EPS (diluted) | -1.72 | -0.64 | -1.26 | -3.83 | -3.58 | -4.61 | 1.9 | -1.72 | -1.62 | -1.08 | -2.02 |
| Book value per share | 0.46 | 5.48 | 6.2 | 6.46 | 8.14 | 3.32 | 7.56 | 6.75 | 4.47 | 3.56 | 1.13 |
| FCF per share | -2.07 | -0.14 | 0.71 | -2.52 | -3.13 | -2.75 | 2.01 | -1.78 | -1.49 | -0.47 | -1.65 |
| Cash per share | 2.04 | 4.13 | 6.88 | 7.86 | 8.46 | 3.37 | 7.55 | 5.44 | 2.98 | 3.03 | 3.81 |
| Capex per share | 0.22 | 0.09 | 0.03 | 0.17 | 0.09 | 0.17 | 0.13 | 0.04 | 0.03 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 40.2% | 3.89% | 1.51% | 21.4% | 11.1% | 46.5% | 1.98% | 3.25% | 2.61% | — | — |
| Capex / operating cash flow | -13.5% | -138.6% | 3.87% | -8.53% | -2.92% | -7.05% | 5.53% | -1.99% | -1.64% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$4.11 | — | — | $18.4M | — |
| FY20 | — | -$3.58 | — | — | $39M | — |
| FY19 | — | -$3.83 | — | — | $29.5M | — |
| FY18 | — | -$1.26 | — | — | $53M | — |
| FY17 | — | -$0.51 | — | — | $51.8M | — |
| FY16 | — | -$1.72 | — | — | $11M | — |
| 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 | $16.5M | $16.9M | $10M | $19.2M | $16M | $31M | $27.1M | $48.7M | $27.6M | $2.5M | $2.4M | $4.6M |
| YoY change | +527.4% | -95.8% | -71.8% | +174.8% | -3.07% | +83.3% | +170.3% | +153.2% | +72.6% | -91.9% | -91.1% | -90.6% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 40.3M | 87.8M | 200.2M | 298.9M | 426.4M | 173.8M | 492.2M | 374.3M | 225.8M | 228.8M |
| Receivables | 2.6M | 238K | 358K | 2.2M | 15.3M | 10.7M | 33.4M | 19.5M | 55.8M | 4.6M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 46.5M | 92.3M | 204.4M | 311.8M | 455.1M | 198.3M | 544.7M | 412.9M | 300.5M | 248.8M |
| Property, plant & equipment | 6.7M | 7.2M | 6.5M | 16.5M | 17.6M | 34.2M | 47.6M | 37.5M | 34.3M | 31.2M |
| Goodwill & intangibles | 65.3M | 62.3M | 64.1M | 71.4M | 69.9M | 46.1M | 76.8M | 74.6M | 33.2M | 26.7M |
| Total assets | 94M | 132M | 244.5M | 368.2M | 538.4M | 267.7M | 648.7M | 580.9M | 463.1M | 346.5M |
| Accounts payable | 3M | 1.7M | 2.6M | 5.3M | 6.2M | 3.6M | 7.9M | 6.2M | 3.9M | 4.4M |
| Short-term debt | 8K | 10K | 15K | 1.3M | 2.7M | 901.3K | 3.3M | 4.3M | 2.7M | 3.5M |
| Total current liabilities | 16.6M | 14.7M | 30M | 82.6M | 85.7M | 49.4M | 95.6M | 55.8M | 88.3M | 42.3M |
| Long-term debt | 4.5M | 52K | 42K | 5.6M | 5.9M | 21.3M | 24.8M | 22.5M | 15.8M | 14.8M |
| Total liabilities | 85M | 15.5M | 64M | 122.5M | 128.5M | 96.3M | 155.8M | 116.1M | 124.3M | 78M |
| Shareholders' equity | 9M | 116.4M | 180.5M | 245.7M | 409.9M | 171.4M | 493M | 464.8M | 338.8M | 268.5M |
| Total debt | 4.5M | 62K | 57K | 6.9M | 8.6M | 22.2M | 28.1M | 26.7M | 18.5M | 18.3M |
| Net debt | -12M | -35.9M | -42.1M | -121.5M | -233.4M | -116.6M | -372.8M | -130.8M | -47.6M | -22.9M |
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 | 295.4M | 374.3M | 345M | 330.1M | 297.2M | 225.8M | 265.3M | 281.4M | 251.9M | 228.8M | 364.7M | 270.7M |
| Receivables | 67.3M | 19.5M | 30.9M | 32.1M | 23.7M | 55.8M | 24.6M | 2.6M | 29.4M | 4.6M | 4.7M | 5.9M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 374.6M | 412.9M | 393.8M | 383.5M | 343.8M | 300.5M | 306.5M | 296.1M | 291.7M | 248.8M | 385.7M | 298.4M |
| Property, plant & equipment | 38.8M | 37.5M | 36M | 35.7M | 35.7M | 34.3M | 33.4M | 32.6M | 32.5M | 31.2M | 28.9M | 27.1M |
| Goodwill & intangibles | 75.3M | 74.6M | 74.1M | 38.9M | 37.2M | 33.2M | 30.8M | 28.1M | 26.8M | 26.7M | 26.4M | 26M |
| Total assets | 556.4M | 580.9M | 553.8M | 515.6M | 487.2M | 463.1M | 425.5M | 408.4M | 397.3M | 346.5M | 478.2M | 397M |
| Accounts payable | 11M | 6.2M | 2.5M | 1.7M | 3.4M | 3.9M | 5.2M | 32K | 1.3M | 4.4M | 30.2M | 27.5M |
| Short-term debt | 3.8M | 4.3M | 4.2M | 2.8M | 2.9M | 2.7M | 3.3M | 3.6M | 3.4M | 3.5M | 3.3M | 3.3M |
| Total current liabilities | 72.8M | 55.8M | 56.9M | 54.7M | 83.9M | 88.3M | 65.1M | 38.5M | 42M | 42.3M | 35.6M | 47.2M |
| Long-term debt | 22.5M | 22.5M | 21.1M | 17.2M | 17.3M | 15.8M | 15.2M | 15.1M | 15.5M | 14.8M | 13.8M | 12.7M |
| Total liabilities | 132M | 116.1M | 115.8M | 109.5M | 120.2M | 124.3M | 100.6M | 73.9M | 77.2M | 78M | 314.6M | 316.6M |
| Shareholders' equity | 424.3M | 464.8M | 438M | 406.2M | 367M | 338.8M | 325M | 334.5M | 320.1M | 268.5M | 163.6M | 80.4M |
| Total debt | 26.4M | 26.7M | 25.2M | 20.1M | 20.3M | 18.5M | 18.5M | 18.7M | 18.9M | 18.3M | 17M | 16M |
| Net debt | -68M | -130.8M | -89.6M | -50.9M | -102.1M | -47.6M | -57.7M | -79.6M | -45.9M | -22.9M | -227.2M | -163.4M |
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 | -33.8M | -10.4M | -36.6M | -145.4M | -180.6M | -145.8M | 124.3M | -118.7M | -122.7M | -81.1M |
| Depreciation & amortization | 1M | 2.7M | 3.6M | 7.3M | 10.3M | 6.6M | 12M | 17.3M | 11.2M | 11.1M |
| Stock-based compensation | 4.3M | 3.4M | 13.4M | 49M | 29.1M | 7.4M | 4M | 8.1M | 17.8M | 28M |
| Change in working capital | 562K | 2.1M | 40M | 15.4M | -6.6M | 11.1M | 5.2M | -30.8M | -26.8M | 1M |
| Operating cash flow | -32.9M | -1.5M | 20.8M | -74.1M | -147.4M | -121.1M | 147.3M | -124.2M | -121.7M | -33M |
| Capital expenditure | -4.4M | -2M | -803K | -6.3M | -4.3M | -8.5M | -8.2M | -2.5M | -2M | — |
| Investing cash flow | -4.3M | -29.8M | -106.4M | -18M | -41.5M | 100.1M | -48.9M | -205.7M | 39.8M | 29M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | -30.1M | -41.7M |
| Financing cash flow | 64.8M | 48M | 90.5M | 187.6M | 300.8M | -335.1K | 106.9M | 76M | -30.2M | -36.9M |
| Net change in cash | 27.6M | 16.7M | 4.9M | 95.4M | 111.8M | -21.4M | 205.3M | -253.8M | -112.1M | -40.9M |
| Free cash flow | -40.7M | -2.9M | 20.8M | -95.7M | -157.7M | -141.6M | 131M | -122.4M | -113.1M | -35.4M |
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 | 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 | -28.7M | -14.5M | -31.7M | -37.7M | -29.9M | -23.5M | -22.6M | 2.3M | -19.6M | -41.2M | -44.2M | -45M |
| Depreciation & amortization | 6.5M | 3.3M | 2.3M | 2.5M | 2.7M | 3.7M | 3.3M | 3.2M | 2.6M | 2M | 2.8M | 2M |
| Stock-based compensation | 2M | 3.4M | 3.6M | 4.6M | 4.7M | 5M | 6.4M | 5.9M | 6.9M | 8.8M | 6.9M | 11.3M |
| Change in working capital | -39.6M | 28.1M | -10.5M | -6.6M | 17M | -26.7M | 7.1M | -5.6M | -24.9M | 24.4M | -9.1M | -5.9M |
| Operating cash flow | -59.8M | 19.6M | -37M | -38.6M | -5.7M | -40.3M | -6.2M | 12.1M | -31.4M | -10.3M | -45.7M | -31.9M |
| Capital expenditure | -930K | -356K | -185K | -593K | -899K | -314K | -16K | — | — | — | — | — |
| Investing cash flow | -6.8M | 61K | -6.8M | -19.5M | 72.4M | -6.2M | 12.5M | 9.6M | 778K | 6.1M | 70.2M | 17.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | -9.4M | — | — | -16.2M | -25.5M | -76.2M | -51.9M |
| Financing cash flow | -17K | 49.8M | -6K | -3K | -95K | -9.4M | — | — | -11.3M | -25.6M | 169.5M | -52.9M |
| Net change in cash | -66.6M | 69.5M | -43.9M | -58.1M | 66.6M | -56M | 6.3M | 21.7M | -41.9M | -29.7M | 193.9M | -67.8M |
| Free cash flow | -43.8M | 12.2M | -38.3M | -26.1M | -6.9M | -41.8M | -3.7M | 11.2M | -31.8M | -11M | -45.9M | -31.9M |