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 | -$0.6 | -$0.51 | +15.0% | — | $52M | — |
| Q1 26 | -$0.77 | -$0.67 | +13.0% | — | $54.9M | — |
| Q4 25 | -$1.59 | -$1.12 | +29.6% | — | $55.3M | — |
| Q2 25 | -$1.11 | -$0.72 | +35.1% | — | $70.9M | — |
| Q1 25 | -$1.88 | -$1.17 | +37.8% | — | $66.8M | — |
| Q4 24 | -$2.55 | -$1.96 | +23.1% | — | $71M | — |
| Q3 24 | -$3.11 | -$2.29 | +26.4% | — | $61M | — |
| Q2 24 | -$3.4 | -$2.68 | +21.2% | — | $62.8M | — |
| Q1 24 | -$3.41 | -$0.17 | +95.0% | — | $59.5M | — |
| Q4 23 | -$3.3 | -$2.51 | +23.9% | — | $70.7M | — |
| Q3 23 | -$0.21 | -$0.48 | -128.6% | — | $61.9M | — |
| Q2 23 | -$0.22 | -$0.33 | -50.0% | — | $62.4M | — |
| Q1 23 | -$0.21 | -$0.24 | -14.3% | — | $64M | — |
| Q4 22 | -$0.25 | -$0.22 | +12.0% | — | $79.2M | — |
| Q3 22 | -$0.26 | -$0.25 | +3.8% | — | $69.2M | — |
| Q2 22 | -$0.26 | -$0.25 | +3.8% | — | $64.5M | — |
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 % |
|---|---|---|---|---|---|---|
| FY25 | — | -$5.96 | — | — | $249.3M | — |
| FY24 | — | -$13.9 | — | — | $254.4M | — |
| FY23 | — | -$47.6 | — | — | $259M | — |
| FY22 | — | -$19.8 | — | — | $277.2M | — |
| 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 | $114M | $148.9M | $245.3M | $252.8M | $277.2M | $259M | $254.4M | $249.3M |
| YoY change | — | +30.6% | +64.8% | +3.07% | +9.65% | -6.55% | -1.81% | -1.98% |
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 | 114M | 148.9M | 245.3M | 252.8M | 277.2M | 259M | 254.4M | 249.3M |
| Cost of revenue | 58.6M | 80M | 156.8M | 148.5M | 160.4M | 164.3M | 155.4M | 116.5M |
| Gross profit | 55.3M | 68.9M | 88.5M | 104.3M | 116.8M | 94.8M | 99M | 132.9M |
| Gross margin | 48.6% | 46.3% | 36.1% | 41.3% | 42.1% | 36.6% | 38.9% | 53.3% |
| Research & development | 36.3M | 53.9M | 84.4M | 106.6M | 138.5M | 105.8M | 86.1M | 72.9M |
| Selling, general & administrative | 68.8M | 101.9M | 221.3M | 160.8M | 228M | 213.1M | 197.4M | 131.3M |
| Operating expenses | 105.1M | 155.8M | 305.8M | 267.4M | 366.5M | 318.9M | 283.5M | 204.2M |
| Operating income | -55.1M | -94.7M | -227.4M | -179.1M | -275.9M | -255.7M | -217.5M | -105.3M |
| Operating margin | -48.4% | -63.6% | -92.7% | -70.9% | -99.5% | -98.7% | -85.5% | -42.2% |
| Non-operating income, net | — | — | — | — | — | -436.5M | — | 8.6M |
| Pretax income | -52.3M | -89.2M | -225.8M | -179M | -269.7M | -672.7M | -206.8M | -92.8M |
| Income tax | 0 | -803K | 639K | -5.4M | 64K | 3.9M | 2.8M | 434K |
| Net income | -52.3M | -88.4M | -228.6M | -176.8M | -272.1M | -679.2M | -212.6M | -95M |
| Net margin | -45.9% | -59.4% | -93.2% | -69.9% | -98.2% | -262.2% | -83.6% | -38.1% |
| EBITDA | -49.8M | -86.9M | -217.3M | -163.1M | -249.7M | 212.3M | -184.6M | -79.9M |
| EPS | -6.2 | -10.3 | -45.4 | -13.8 | -19.8 | -47.6 | -13.9 | -5.96 |
| Diluted EPS | -6.2 | -10.3 | -45.4 | -13.8 | -19.8 | -47.6 | -13.9 | -5.96 |
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 | 61.9M | 70.7M | 59.5M | 62.8M | 61M | 71M | 66.8M | 70.9M | 56.3M | 55.3M | 54.9M | 52M |
| Cost of revenue | 40.5M | 46.8M | 41.2M | 39.3M | 38.4M | 36.6M | 31.6M | 31.1M | 26.8M | 27M | 26.9M | 24.5M |
| Gross profit | 21.5M | 23.8M | 18.4M | 23.5M | 22.7M | 34.4M | 35.3M | 39.8M | 29.5M | 28.3M | 28M | 27.6M |
| Gross margin | 34.7% | 33.7% | 30.9% | 37.4% | 37.2% | 48.4% | 52.8% | 56.1% | 52.4% | 51.2% | 51% | 53% |
| Research & development | 27.7M | 26.3M | 26.7M | 20.8M | 19.8M | 18.8M | 22.1M | 18.2M | 18.6M | 13.9M | 12.4M | 10.4M |
| Selling, general & administrative | 50M | 46.2M | 58.5M | 46.9M | 42M | 50.2M | 35.8M | 33.7M | 30.8M | 31.1M | 25.4M | 19.7M |
| Operating expenses | 77.7M | 72.5M | 85.2M | 67.7M | 61.8M | 68.9M | 57.9M | 51.9M | 49.4M | 45M | 37.8M | 30.1M |
| Operating income | -64.5M | -57M | -75M | -52.4M | -47.4M | -42.8M | -30.4M | -20.4M | -29.3M | -25.2M | -17.4M | -9.6M |
| Operating margin | -104.1% | -80.6% | -126.1% | -83.4% | -77.6% | -60.2% | -45.5% | -28.7% | -52.1% | -45.5% | -31.7% | -18.4% |
| Non-operating income, net | -78.9M | 0 | — | — | — | — | 10.7M | — | -2M | -79K | 7M | — |
| Pretax income | -135.4M | -48.8M | -71.2M | -49.7M | -43.5M | -42.3M | -17M | -19.5M | -30.7M | -25.6M | -10.1M | -10.2M |
| Income tax | 1.1M | 547K | 1.3M | 97K | -149K | 1.5M | 568K | -725K | 1.2M | -626K | 217K | -548K |
| Net income | -137.1M | -50M | -73.4M | -50.6M | -44M | -44.6M | -18.4M | -19.5M | -31.9M | -25.2M | -10.3M | -9.6M |
| Net margin | -221.4% | -70.8% | -123.4% | -80.6% | -72.1% | -62.8% | -27.5% | -27.5% | -56.7% | -45.5% | -18.8% | -18.5% |
| EBITDA | 22.7M | -48.7M | -66.8M | -44.2M | -39.1M | -34.5M | -33.3M | -12.2M | -17.9M | -16.6M | -16.9M | -2.5M |
| EPS | -9.54 | -3.4 | -5 | -3.36 | -2.87 | -2.77 | -1.19 | -1.24 | -2 | -1.52 | -0.66 | -0.59 |
| Diluted EPS | -9.54 | -3.4 | -5 | -3.36 | -2.87 | -2.77 | -1.19 | -1.24 | -2 | -1.52 | -0.66 | -0.59 |
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 | — | — | — | — | 776.1M | 423.5M | 108.7M | 78.8M | 224.6M |
| Enterprise value | — | — | — | — | 252.4M | 63.3M | -111.4M | -99M | 48.6M |
| Shares outstanding | 8.5M | 8.5M | 5M | 12.7M | 13.7M | 14.2M | 15M | 16M | 16M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -2.27 |
| P/S | — | — | — | — | 2.8 | 1.64 | 0.43 | 0.32 | 1.03 |
| P/B | — | — | — | — | 0.72 | 0.88 | 0.34 | 0.32 | 1.03 |
| EV/EBITDA | — | — | — | — | -1.01 | 0.3 | 0.6 | 1.24 | -1.22 |
| EV/Sales | — | — | — | — | 0.91 | 0.24 | -0.44 | -0.4 | 0.22 |
| Earnings yield | — | — | — | — | — | — | — | — | -44.1% |
| FCF yield | — | — | — | — | -26.1% | -38.6% | -131.1% | -83.7% | 1.72% |
| PEG | — | — | — | — | — | — | — | — | 0.04 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 48.6% | 46.3% | 36.1% | 41.3% | 42.1% | 36.6% | 38.9% | 53.3% | 53% |
| Operating margin | -48.4% | -63.6% | -92.7% | -70.9% | -99.5% | -98.7% | -85.5% | -42.2% | -19.6% |
| Net margin | -45.9% | -59.4% | -93.2% | -69.9% | -98.2% | -262.2% | -83.6% | -38.1% | -35.7% |
| ROE | 25.6% | 31.5% | -18.3% | -14% | -25.1% | -141.4% | -67.2% | -38.3% | -29.1% |
| ROA | -10.7% | -17.7% | -16.6% | -12.2% | -22.3% | -115.2% | -48.8% | -29.3% | -12.6% |
| ROIC | 12% | 21.3% | -107.1% | -33.7% | -49.2% | -213.2% | -226.3% | -150.4% | -197.1% |
| Return on tangible assets | -42.2% | 591.4% | -26% | -69.2% | -353.2% | -194.5% | -91.3% | -49.6% | -36.1% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.42 | 2.1 | 9.2 | 5.84 | 5.49 | 4.79 | 2.85 | 3.37 | 2.9 |
| Quick ratio | 3.39 | 2.07 | 9.13 | 5.79 | 5.42 | 4.72 | 2.82 | 3.35 | 2.89 |
| Debt / equity | 0 | -0.05 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.02 | 0.01 |
| Debt / assets | 0 | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 |
| Net debt / EBITDA | 5.15 | 1.89 | 4.76 | 4.48 | 2.1 | -1.7 | 1.19 | 2.22 | 3.58 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 13.4 | 17.5 | 49.5 | 19.9 | 20.2 | 18.2 | 17 | 15.5 | 13.2 |
| EPS (basic) | -6.2 | -10.3 | -45.4 | -13.8 | -19.8 | -47.6 | -13.9 | -5.96 | -5.96 |
| EPS (diluted) | -6.2 | -10.3 | -45.4 | -13.8 | -19.8 | -47.6 | -13.9 | -5.96 | -4.78 |
| Book value per share | -24 | -33 | 251.6 | 99.3 | 79 | 33.8 | 21.1 | 15.4 | 13.1 |
| FCF per share | -8.93 | -9.79 | -23.4 | -11.2 | -14.8 | -11.5 | -9.5 | -4.11 | -1.91 |
| Cash per share | 30.1 | 20.9 | 210.3 | 58.8 | 39.3 | 26.2 | 15.2 | 11.4 | 11.5 |
| Capex per share | 0.22 | 0.16 | 0.67 | 0.04 | 0.02 | 0.01 | 0.01 | 0 | 0.34 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.68% | 0.9% | 1.35% | 0.22% | 0.11% | 0.07% | 0.05% | 0% | 2.58% |
| Capex / operating cash flow | -2.56% | -1.56% | -2.69% | -0.4% | -0.14% | -0.03% | -0.08% | 0% | -21.3% |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$13.8 |
| — |
| — |
| $252.8M |
| — |
| FY20 | — | -$45.4 | — | — | $245.3M | — |
| FY19 | — | -$10.3 | — | — | $148.9M | — |
| FY18 | — | -$6.2 | — | — | $114M | — |
| 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 | $61.9M | $70.7M | $59.5M | $62.8M | $61M | $71M | $66.8M | $70.9M | $56.3M | $55.3M | $54.9M | $52M |
| YoY change | -10.5% | -10.8% | -7% | +0.55% | -1.41% | +0.47% | +12.3% | +12.9% | -7.8% | -22.1% | -17.9% | -26.6% |
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 | 256.2M | 177.6M | 1B | 746.4M | 538.5M | 372M | 228.3M | 182.3M |
| Receivables | 30.8M | 32.7M | 45.3M | 51.4M | 58.4M | 54.1M | 71.9M | 49.7M |
| Inventory | 2.5M | 3.1M | 9.1M | 7.5M | 8.7M | 6.7M | 2.9M | 1.2M |
| Total current assets | 300.2M | 223.5M | 1.1B | 827.3M | 626.6M | 449.6M | 317M | 246.7M |
| Property, plant & equipment | 3.1M | 14.6M | 10.4M | 18.7M | 14.5M | 11M | 7.6M | 4.2M |
| Goodwill & intangibles | 365.3M | 514.8M | 498.8M | 1.2B | 1.1B | 240.5M | 203.1M | 132.1M |
| Total assets | 489.3M | 499.9M | 1.4B | 1.4B | 1.2B | 589.7M | 436M | 323.8M |
| Accounts payable | 4.2M | 6.5M | 5.8M | 12.2M | 7.2M | 4.9M | 5M | 1.6M |
| Short-term debt | — | 6.2M | 6.4M | 1.9M | 3.1M | 3.6M | 3.7M | 3.6M |
| Total current liabilities | 87.8M | 106.6M | 121M | 141.6M | 114.1M | 93.8M | 111.3M | 73.2M |
| Long-term debt | 0 | 7.2M | 1.3M | 14.7M | 11.8M | 8.2M | 4.5M | 892K |
| Total liabilities | 693.7M | 780.7M | 130.4M | 185M | 133.7M | 109.5M | 119.7M | 76M |
| Shareholders' equity | -204.4M | -280.9M | 1.2B | 1.3B | 1.1B | 480.2M | 316.2M | 247.8M |
| Total debt | 0 | 13.4M | 7.7M | 16.6M | 14.8M | 11.8M | 8.2M | 4.5M |
| Net debt | -48M | -124.3M | -934M | -729.8M | -523.7M | -360.3M | -220.1M | -177.8M |
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 | — | — | — | — | — | — | — | — | 200.9M | 182.3M | 179.2M | 195.9M |
| Receivables | — | — | — | — | — | — | — | — | 55.6M | 49.7M | 57.1M | 52.6M |
| Inventory | — | — | — | — | — | — | — | — | 1.8M | 1.2M | 1.1M | 964K |
| Total current assets | — | — | — | — | — | — | — | — | 271.2M | 246.7M | 259.1M | 264.7M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 5M | 4.2M | 178K | 165K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 149.1M | 132.1M | 122.2M | 113.9M |
| Total assets | — | — | — | — | — | — | — | — | 359.4M | 323.8M | 326M | 327.2M |
| Accounts payable | — | — | — | — | — | — | — | — | 6M | 1.6M | 1.4M | 1.7M |
| Short-term debt | — | — | — | — | — | — | — | — | 3.7M | 3.6M | 4M | 3M |
| Total current liabilities | — | — | — | — | — | — | — | — | 86.5M | 73.2M | 83.8M | 91.3M |
| Long-term debt | — | — | — | — | — | — | — | — | 1.8M | 892K | 0 | 0 |
| Total liabilities | — | — | — | — | — | — | — | — | 92.1M | 76M | 85.8M | 92.9M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 267.4M | 247.8M | 240.1M | 234.3M |
| Total debt | — | — | — | — | — | — | — | — | 5.5M | 4.5M | 4M | 3M |
| Net debt | — | — | — | — | — | — | — | — | -195.4M | -177.8M | -175.2M | -193M |
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 | -52.3M | -88.4M | -228.6M | -176.8M | -272.1M | -679.2M | -212.6M | -95M |
| Depreciation & amortization | 5.3M | 7.8M | 10.2M | 16.1M | 26.2M | 31.5M | 33M | 34M |
| Stock-based compensation | 7.7M | 12.1M | 118.4M | 43.8M | 67.7M | 72.2M | 47.5M | 22M |
| Change in working capital | -36.6M | -17.7M | -25.3M | -21.6M | -36.9M | -5.1M | -22.7M | -24M |
| Operating cash flow | -74.7M | -85.8M | -123.2M | -139.2M | -204.2M | -578M | -152.2M | -66M |
| Capital expenditure | -1.9M | -1.3M | -3.3M | -559K | -292K | -192K | -119K | 0 |
| Investing cash flow | -245.9M | 120M | -66.8M | -59.6M | -1.5M | -4.1M | -3.5M | 17.1M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | -2.9M | -158K | -37.6M | -15M | -360K | -586K | -3K | -4K |
| Financing cash flow | 277.5M | 45.6M | 977.2M | -16.7M | -11.9M | -586K | -3K | -4K |
| Net change in cash | -43.1M | 79.8M | 787.2M | -215.5M | -217.5M | -582.7M | -155.7M | -48.8M |
| Free cash flow | -75.9M | -83.2M | -115.8M | -142.1M | -202.8M | -163.6M | -142.6M | -66M |
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 | -137.1M | -50M | -73.4M | -50.6M | -44M | -44.6M | -18.4M | -19.5M | -31.9M | -25.2M | -10.3M | -9.6M |
| Depreciation & amortization | 8.3M | 8.3M | 8.2M | 8.2M | 8.3M | 8.2M | 7.8M | 8.2M | 9.4M | 8.5M | 7.6M | 7M |
| Stock-based compensation | 16.9M | 12.7M | 16.2M | 9.8M | 10.6M | 10.9M | 7.3M | 6M | 4.1M | 4.6M | 2.3M | 2M |
| Change in working capital | -5.2M | -15.9M | -11.7M | 5.7M | -13.7M | -3M | -3M | -1.2M | -10.9M | -9M | -2.9M | 484K |
| Operating cash flow | -116.5M | -44.4M | -60M | -26.2M | -38M | -27.9M | -5.3M | -4.7M | -18.8M | -17.4M | -983K | 10.7M |
| Capital expenditure | -60K | -96K | -75K | -26K | -15K | -3K | -9K | 0 | 0 | 0 | -2.8M | -2.8M |
| Investing cash flow | 195.4M | 95.6M | -1.8M | -26K | -15K | -1.7M | 19.4M | 0 | 0 | -2.3M | -2.8M | 4.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | 0 | 0 | -1K | -2K | -1K | -1K | -1K | -1K | 0 | 0 |
| Financing cash flow | 0 | 0 | 0 | 0 | -1K | -2K | -1K | -1K | -1K | -1K | 0 | 0 |
| Net change in cash | 78.9M | 51.1M | -61.8M | -26.3M | -38M | -29.6M | 14.1M | -4.7M | -18.8M | -19.6M | -3.8M | 14.9M |
| Free cash flow | -38.1M | -42.9M | -62.6M | -27M | -37.1M | -15.9M | -25.1M | -4.7M | -18.8M | -17.4M | -3.8M | 7.9M |