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 | $0.27 | $2.15 | +696.3% | — | $1.5B | — |
| Q1 26 | $0.93 | $2.32 | +149.5% | — | $1.4B | — |
| Q4 25 | -$6.85 | -$8.95 | -30.7% | — | $1.6B | — |
| Q3 25 | -$3.36 | -$6.4 | -90.5% | — | $1.4B | — |
| Q2 25 | -$2.66 | -$6.3 | -136.8% | — | $1.4B | — |
| Q1 25 | $0.16 | -$0.21 | -231.3% | — | $1.5B | — |
| Q4 24 | -$5.32 | -$6.25 | -17.5% | — | $1.5B | — |
| Q3 24 | -$2.14 | -$6.98 | -226.2% | — | $1.5B | — |
| Q2 24 | -$1.46 | -$1.81 | -24.0% | — | $1.5B | — |
| Q1 24 | -$0.25 | -$0.16 | +36.0% | — | $1.6B | — |
| Q4 23 | -$6.93 | -$10.3 | -48.2% | — | $815.5M | — |
| Q3 23 | -$0.06 | -$0.08 | -33.3% | — | $1.1B | — |
| Q2 23 | -$0.03 | -$0.04 | -33.3% | — | $1.1B | — |
| Q1 23 | $0.02 | $0.04 | +100.0% | — | $1.1B | — |
| Q4 22 | -$0.09 | -$0.14 | -55.6% | — | $689.8M | — |
| Q3 22 | -$0.05 | -$0.07 | -40.0% | — | $694.9M | — |
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 | — | -$23.8 | — | — | $5.9B | — |
| FY24 | — | -$0.63 | — | — | $6.1B | — |
| FY23 | — | -$0.64 | — | — | $4.3B | — |
| FY22 | — | -$0.26 | — | — | $2.4B | — |
| FY21 | — | -$1.09 |
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 | $794.4M | $1.2B | $1.5B | $2.4B | $4.3B | $6.1B | $5.9B |
| YoY change | — | +53.4% | +24.9% | +57% | +80.7% | +40.4% | -2.11% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 | Q4 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 | 794.4M | 1.2B | 1.5B | 2.4B | 4.3B | 6.1B | 5.9B |
| Cost of revenue | 765.9M | 1.1B | 1.5B | 2.3B | 4.2B | 6.1B | 6.1B |
| Gross profit | 28.5M | 94.2M | 65.7M | 111.4M | 69.7M | 4.8M | -160M |
| Gross margin | 3.59% | 7.73% | 4.32% | 4.66% | 1.61% | 0.08% | -2.7% |
| Research & development | — | — | — | — | — | — | — |
| Selling, general & administrative | 122.8M | 137.3M | 427.5M | 207.8M | 285.8M | 268.9M | 238.5M |
| Operating expenses | 122.8M | 137.3M | 427.5M | 207.8M | 285.8M | 268.9M | 238.5M |
| Operating income | -106.6M | -56.7M | -372.2M | -105.4M | -232.1M | -288.5M | -427.2M |
| Operating margin | -13.4% | -4.65% | -24.5% | -4.41% | -5.38% | -4.76% | -7.2% |
| Non-operating income, net | 955K | 2.5M | -4.6M | 19.2M | 44.3M | 45.9M | 29.7M |
| Pretax income | -114.7M | -62.3M | -383M | -90.7M | -194.5M | -248.8M | -404.1M |
| Income tax | -232K | 865K | 886K | 1.6M | 791K | 1.5M | 1.3M |
| Net income | -282.7M | -60.1M | -406.8M | -106.9M | -262.8M | -260.1M | -391.3M |
| Net margin | -35.6% | -4.93% | -26.7% | -4.47% | -6.09% | -4.29% | -6.6% |
| EBITDA | -64.2M | -40.1M | -362.2M | -67M | -167.6M | -214.6M | -332.8M |
| EPS | -0.74 | -0.16 | -1.09 | -0.26 | -0.64 | -0.63 | -23.8 |
| Diluted EPS | -0.74 | -0.16 | -1.09 | -0.26 | -0.64 | -0.63 | -23.8 |
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 | 1.1B | 815.5M | 1.6B | 1.5B | 1.5B | 1.5B | 1.5B | 1.4B | 1.4B | 1.6B | 1.4B | 1.5B |
| Cost of revenue | 1.1B | 910.8M | 1.5B | 1.5B | 1.5B | 1.6B | 1.5B | 1.4B | 1.5B | 1.7B | 1.4B | 1.4B |
| Gross profit | 36.8M | -95.3M | 75.1M | 32.2M | -64.2M | -38.3M | 50.7M | -52.4M | -67.6M | -90.7M | 65M | 107.1M |
| Gross margin | 3.24% | -11.7% | 4.68% | 2.17% | -4.42% | -2.51% | 3.31% | -3.76% | -4.71% | -5.78% | 4.58% | 7.17% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 72.1M | 63.3M | 76.4M | 69.6M | 63.1M | 59.8M | 66M | 56.3M | 56.2M | 60.1M | 54.2M | 88.5M |
| Operating expenses | 72.1M | 63.3M | 76.4M | 69.6M | 63.1M | 59.8M | 66M | 56.3M | 56.2M | 60.1M | 54.2M | 88.5M |
| Operating income | -39.3M | -159.6M | -7.2M | -43.3M | -133.5M | -104.5M | -22.1M | -116M | -131.3M | -157.7M | 4M | 11.8M |
| Operating margin | -3.46% | -19.6% | -0.45% | -2.92% | -9.2% | -6.86% | -1.44% | -8.32% | -9.15% | -10.1% | 0.28% | 0.79% |
| Non-operating income, net | 20.1M | -1.2M | 11.6M | 14.8M | 18.1M | 1.4M | 21.9M | 13.3M | 22.6M | -28.1M | 27.8M | 7.4M |
| Pretax income | -20.8M | -162.7M | 3.1M | -30.2M | -117M | -104.7M | -1.7M | -104.3M | -110.5M | -187.6M | 29.9M | 17.6M |
| Income tax | 1.2M | 267K | -133K | 417K | -590K | 1.8M | 196K | 62K | -331K | 1.3M | 28K | -375K |
| Net income | -31.5M | -230.5M | -6M | -30.7M | -117.6M | -105.8M | 12.1M | -104.4M | -110.2M | -188.9M | 48.9M | 18M |
| Net margin | -2.77% | -28.3% | -0.38% | -2.07% | -8.11% | -6.95% | 0.79% | -7.48% | -7.68% | -12% | 3.44% | 1.2% |
| EBITDA | -13.9M | -155.6M | 10.2M | -22.6M | -109.2M | -96.6M | 6.7M | -95.4M | -101.3M | -178.9M | 38.5M | 26.1M |
| EPS | -0.08 | — | -0.01 | -0.07 | -0.29 | -0.26 | 0.75 | -6.25 | -6.75 | -11.5 | 2.95 | 1.07 |
| Diluted EPS | -0.08 | — | -0.01 | -0.07 | -0.29 | -0.26 | 0.75 | -6.25 | -6.75 | -11.5 | 2.94 | 1.04 |
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 | — | — | 251.7B | 164.7B | 128.3B | 19.5B | — | 1.3B |
| Enterprise value | — | — | 250.7B | 163.9B | 127.9B | 19.2B | — | 1.2B |
| Shares outstanding | 384M | 384.8M | 372.9M | 408.2M | 408.9M | 411M | 16.6M | 16.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -3.35 |
| P/S | — | — | 165.4 | 69 | 29.7 | 3.22 | — | 0.23 |
| P/B | — | — | 230.6 | 158.3 | 194.1 | 41.4 | — | 5.96 |
| EV/EBITDA | — | — | -692.4 | -2.4K | -762.7 | -89.3 | — | -5.02 |
| EV/Sales | — | — | 164.8 | 68.6 | 29.6 | 3.16 | — | 0.2 |
| Earnings yield | — | — | — | — | — | — | — | -29.9% |
| FCF yield | — | — | -0.06% | -0.1% | -0.15% | -0.51% | — | -10.9% |
| PEG | — | — | — | — | — | — | — | 0.03 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 3.59% | 7.73% | 4.32% | 4.66% | 1.61% | 0.08% | -2.7% | 7.17% |
| Operating margin | -13.4% | -4.65% | -24.5% | -4.41% | -5.38% | -4.76% | -7.2% | 1.3% |
| Net margin | -35.6% | -4.93% | -26.7% | -4.47% | -6.09% | -4.29% | -6.6% | -3.92% |
| ROE | 121.9% | 21.1% | -37.3% | -10.3% | -39.8% | -55.2% | -308.8% | -78.9% |
| ROA | -70.2% | -13.5% | -25.6% | -6.3% | -15.1% | -15% | -30.8% | -9.61% |
| ROIC | 38.4% | 17.8% | -345.1% | -48.8% | -104.5% | -256.5% | 351.3% | -362.7% |
| Return on tangible assets | -159.4% | -24.8% | -29.2% | -6.45% | -16.8% | -16.9% | -34.3% | -15.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.23 | 1.1 | 3.83 | 2.71 | 1.51 | 1.27 | 1.02 | 1.08 |
| Quick ratio | 1.23 | 1.1 | 3.83 | 2.71 | 1.51 | 1.27 | 1.02 | 1.08 |
| Debt / equity | -0.34 | -0.26 | 0.05 | 0.05 | 0.07 | 0.09 | 0.29 | 0.15 |
| Debt / assets | 0.19 | 0.16 | 0.04 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 |
| Net debt / EBITDA | 0.71 | 0.84 | 2.72 | 12.3 | 2.62 | 1.67 | 0.75 | 0.71 |
| Interest coverage | -11.6 | -6.66 | -61.3 | -19.2 | -28.2 | -39.3 | -59.8 | -34.9 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 2.07 | 3.17 | 4.08 | 5.85 | 10.6 | 14.7 | 358.3 | 356.2 |
| EPS (basic) | -0.74 | -0.16 | -1.09 | -0.26 | -0.64 | -0.63 | -23.8 | -23.8 |
| EPS (diluted) | -0.74 | -0.16 | -1.09 | -0.26 | -0.64 | -0.63 | -23.8 | -15.2 |
| Book value per share | -0.6 | -0.74 | 2.93 | 2.55 | 1.62 | 1.15 | 7.65 | 13.6 |
| FCF per share | -0.28 | -0.14 | -0.43 | -0.4 | -0.46 | -0.24 | -8.99 | -6.16 |
| Cash per share | 0.32 | 0.28 | 2.79 | 2.15 | 1.19 | 0.97 | 17.2 | 11.1 |
| Capex per share | 0.01 | 0 | 0.02 | 0.04 | 0.04 | 0.03 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.36% | 0.15% | 0.43% | 0.65% | 0.37% | 0.22% | — | — |
| Capex / operating cash flow | -1.43% | -6.52% | -4.31% | -14.9% | -8.74% | -21.4% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $1.5B |
| — |
| FY20 | — | -$0.16 | — | — | $1.2B | — |
| FY19 | — | -$0.74 | — | — | $794.4M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $1.1B | $815.5M | $1.6B | $1.5B | $1.5B | $1.5B | $1.5B | $1.4B | $1.4B | $1.6B | $1.4B | $1.5B |
| YoY change | +63.6% | +18.2% | +52.2% | +38.7% | +27.6% | +86.7% | -4.46% | -5.92% | -1.08% | +3.09% | -7.33% | +7.15% |
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 | 123.6M | 106.8M | 1B | 877.2M | 488.3M | 400M | 285.1M |
| Receivables | 93.3M | 144.6M | 293.4M | 492.4M | 942.5M | 1B | 673.8M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 245.5M | 294.2M | 1.4B | 1.5B | 1.5B | 1.5B | 1.1B |
| Property, plant & equipment | 16.1M | 13.3M | 19.2M | 32M | 41M | 37M | 29M |
| Goodwill & intangibles | 225.4M | 204M | 193.9M | 41.9M | 175.8M | 193.8M | 131.4M |
| Total assets | 402.8M | 446.4M | 1.6B | 1.7B | 1.7B | 1.7B | 1.3B |
| Accounts payable | 188.3M | 260.1M | 352M | 478.2M | 970.9M | 1.2B | 1.1B |
| Short-term debt | 3M | 3M | 5M | 5M | 6.3M | — | 19.2M |
| Total current liabilities | 199.6M | 266.8M | 357M | 535.1M | 977.2M | 1.2B | 1.1B |
| Long-term debt | 74.9M | 70.2M | 51.3M | 47.6M | 43.2M | 41.5M | 17.6M |
| Total liabilities | 634.8M | 731.1M | 494.7M | 656.9M | 1.1B | 1.3B | 1.1B |
| Shareholders' equity | -232M | -284.7M | 1.1B | 1B | 661M | 471M | 126.7M |
| Total debt | 77.9M | 73.2M | 56.3M | 52.6M | 49.5M | 41.5M | 36.8M |
| Net debt | -45.7M | -33.6M | -983.7M | -412.7M | -58.1M | -146.7M | -136.9M |
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 | 564.2M | 488.3M | 419.1M | 401.1M | 392.9M | 400M | 367.1M | 327M | 310.9M | 285.1M | 231.4M | 185.6M |
| Receivables | 1.3B | 942.5M | 1.6B | 1.4B | 1.4B | 1B | 1.2B | 1B | 947.2M | 673.8M | 899.7M | 1.1B |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 2B | 1.5B | 2B | 1.9B | 1.8B | 1.5B | 1.7B | 1.5B | 1.3B | 1.1B | 1.3B | 1.4B |
| Property, plant & equipment | 40.8M | 41M | 40.6M | 40.4M | 39.7M | 37M | 37.8M | 36.2M | 30.1M | 29M | 30.1M | 29.4M |
| Goodwill & intangibles | 310.1M | 175.8M | 192.4M | 197.9M | 195.1M | 193.8M | 184.7M | 179.5M | 198.8M | 131.4M | 124.9M | 120.3M |
| Total assets | 2.3B | 1.7B | 2.3B | 2.2B | 2.1B | 1.7B | 1.9B | 1.7B | 1.6B | 1.3B | 1.5B | 1.6B |
| Accounts payable | 1.3B | 970.9M | 1.5B | 1.4B | 1.4B | 1.2B | 1.3B | 1.2B | 1.2B | 1.1B | 1.3B | 1.3B |
| Short-term debt | 5M | 6.3M | 7.5M | 8.8M | — | — | 34.9M | 34.9M | 35M | 19.2M | 14.7M | 14.9M |
| Total current liabilities | 1.3B | 977.2M | 1.5B | 1.4B | 1.4B | 1.2B | 1.4B | 1.2B | 1.2B | 1.1B | 1.3B | 1.3B |
| Long-term debt | 46.8M | 43.2M | 40.5M | 37.4M | 43.9M | 41.5M | 7.1M | 6.4M | 2.2M | 17.6M | 18.7M | 18.5M |
| Total liabilities | 1.4B | 1.1B | 1.6B | 1.5B | 1.5B | 1.3B | 1.4B | 1.3B | 1.3B | 1.1B | 1.3B | 1.4B |
| Shareholders' equity | 871.6M | 661M | 688.5M | 675.9M | 574.9M | 471M | 500.3M | 408.9M | 306.1M | 126.7M | 181.4M | 227.5M |
| Total debt | 51.8M | 49.5M | 48M | 46.2M | 43.9M | 41.5M | 42M | 41.4M | 37.1M | 36.8M | 33.4M | 33.4M |
| Net debt | -116.6M | -58.1M | -63.8M | -63.3M | -104.3M | -146.7M | -94.9M | -130M | -134.6M | -136.9M | -106.6M | -73.7M |
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 | -282.7M | -60.1M | -406.8M | -106.9M | -262.8M | -260.1M | -391.3M |
| Depreciation & amortization | 41.4M | 14.1M | 14.7M | 13.8M | 20.2M | 24.5M | 28.6M |
| Stock-based compensation | 5.2M | 6.7M | 292.4M | 28.4M | 69.5M | 50.7M | 49.1M |
| Change in working capital | 33.7M | 11.6M | -51.1M | -42.8M | -3.9M | 122.2M | 254.9M |
| Operating cash flow | -202.4M | -27.2M | -152.3M | -103.5M | -181.1M | -61.9M | -105.8M |
| Capital expenditure | -2.9M | -1.8M | -6.6M | -15.4M | -15.8M | -13.3M | — |
| Investing cash flow | -4M | 22.6M | -83.6M | -427.2M | -29M | 167.9M | 131.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | 0 | -6.7M | 0 | 0 | -200M | 0 | -3M |
| Financing cash flow | 176.3M | 24.6M | 1.2B | 28.1M | -193.1M | -2.6M | -3M |
| Net change in cash | -30.1M | 20.1M | 918.4M | -502.6M | -403.3M | 103.4M | 23M |
| Free cash flow | -107.8M | -55.6M | -161.6M | -163.5M | -187M | -99.1M | -148.9M |
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 | -31.5M | -230.5M | -6M | -30.7M | -117.6M | -105.8M | 12.1M | -104.4M | -110.2M | -188.9M | 48.9M | 18M |
| Depreciation & amortization | 5.3M | 5.1M | 5.8M | 5.9M | 6.2M | 6.5M | 6.9M | 7.3M | 7.4M | 7M | 6.8M | 6.9M |
| Stock-based compensation | 20.7M | 15.5M | 16.9M | 18.2M | 13.3M | 2.3M | 16.7M | 15.4M | 7.5M | 9.5M | 6.3M | 23.8M |
| Change in working capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating cash flow | -4.6M | -212.4M | 16.2M | -6.9M | -97.8M | -95.6M | 33.5M | -35.1M | -18.2M | -20.5M | 23.7M | -57.3M |
| Capital expenditure | -4.1M | -3.9M | -3.1M | -3.3M | -3.5M | -3.3M | -3.8M | — | — | — | — | — |
| Investing cash flow | -9.3M | 9.2M | 62.9M | 24.7M | 47.5M | 32.8M | -16.1M | 77.4M | 35.2M | 32.3M | 22.4M | 24.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | — | — | 0 | 0 | -161K | -2.6M | — | — | -35K | — |
| Financing cash flow | 1.4M | -845K | 559K | -1.7M | -1.4M | -22K | -161K | -2.6M | 0 | 0 | -5.1M | 0 |
| Net change in cash | -12.6M | -204M | 79.7M | 16M | -51.7M | -62.8M | 17.3M | 39.7M | 17M | 11.8M | 41M | -33.1M |
| Free cash flow | -18.8M | -76.5M | -62.4M | -28.5M | -12.2M | 4M | -42.9M | -41M | -34.7M | -30.3M | 20.6M | -61.6M |