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 27 | $0.09 | $0.1 | +11.1% | — | $216.4M | — |
| Q1 27 | $0.08 | $0.1 | +25.0% | — | $205.1M | — |
| Q4 26 | $0.07 | $0.08 | +14.3% | — | $205.6M | — |
| Q3 26 | $0.06 | $0.08 | +33.3% | — | $201M | — |
| Q2 26 | $0.05 | $0.06 | +20.0% | — | — | — |
| Q1 26 | $0.02 | $0.05 | +150.0% | — | — | — |
| Q3 25 | -$0.07 | -$0.02 | +71.4% | — | — | — |
| Q2 25 | -$0.08 | -$0.05 | +37.5% | — | — | — |
| Q1 25 | -$0.08 | -$0.06 | +25.0% | — | — | — |
| Q4 24 | -$0.1 | -$0.04 | +60.0% | — | — | — |
| Q3 24 | -$0.11 | -$0.04 | +63.6% | — | — | — |
| Q2 24 | -$0.11 | -$0.04 | +63.6% | — | $162.5M | — |
| Q1 24 | -$0.18 | -$0.09 | +50.0% | — | $152.4M | — |
| Q4 23 | -$0.27 | -$0.15 | +44.4% | — | $150.2M | — |
| Q3 23 | -$0.32 | -$0.26 | +18.8% | — | $141.4M | — |
| Q2 23 | -$0.39 | -$0.34 | +12.8% | — | $134.9M | — |
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 % |
|---|---|---|---|---|---|---|
| FY26 | — | -$0.8 | — | — | $790.8M | — |
| FY25 | — | -$1.11 | — | — | $723.9M | — |
| FY24 | — | -$1.17 | — | — | $652.5M | — |
| FY23 | — | -$2.04 | — | — | $547.2M | — |
| FY22 |
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 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $76.8M | $142.6M | $227M | $378.4M | $547.2M | $652.5M | $723.9M | $790.8M |
| YoY change | — | +85.8% | +59.2% | +66.7% | +44.6% | +19.2% | +10.9% | +9.25% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 76.8M | 142.6M | 227M | 378.4M | 547.2M | 652.5M | 723.9M | 790.8M |
| Cost of revenue | 13.8M | 19.9M | 28.7M | 38.9M | 56.6M | 64.5M | 77.2M | 86.8M |
| Gross profit | 62.9M | 122.7M | 198.3M | 339.5M | 490.7M | 588M | 646.7M | 704M |
| Gross margin | 82% | 86.1% | 87.3% | 89.7% | 89.7% | 90.1% | 89.3% | 89% |
| Research & development | 42.6M | 89.7M | 121.1M | 203.1M | 297.2M | 324.7M | 341.5M | 301.5M |
| Selling, general & administrative | 72.4M | 152.7M | 252.7M | 401.6M | 601.3M | 533.3M | 572M | 599.9M |
| Operating expenses | 115M | 242.4M | 373.8M | 604.7M | 898.5M | 858M | 913.4M | 901.4M |
| Operating income | -52M | -119.6M | -175.6M | -265.2M | -407.8M | -270M | -266.7M | -197.3M |
| Operating margin | -67.8% | -83.9% | -77.3% | -70.1% | -74.5% | -41.4% | -36.8% | -25% |
| Non-operating income, net | -177K | -390K | 612K | -2M | -977K | -504K | -202K | 502K |
| Pretax income | -50.9M | -118.3M | -210.2M | -285.1M | -402.9M | -253.3M | -250.8M | -184.2M |
| Income tax | 28K | 245K | 1.5M | 3.2M | 4.9M | 3.7M | 4.8M | 4.9M |
| Net income | -50.9M | -118.6M | -211.7M | -288.3M | -407.8M | -257M | -255.5M | -189M |
| Net margin | -66.3% | -83.2% | -93.3% | -76.2% | -74.5% | -39.4% | -35.3% | -23.9% |
| EBITDA | -46.7M | -115.9M | -171.2M | -257.3M | -389M | -234.9M | -230.2M | -157.6M |
| EPS | -0.34 | -0.79 | -1.99 | -1.63 | -2.04 | -1.17 | -1.11 | -0.8 |
| Diluted EPS | -0.34 | -0.79 | -1.99 | -1.63 | -2.04 | -1.17 | -1.11 | -0.8 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | 201M | 205.6M | 205.1M | 216.4M |
| Cost of revenue | — | — | — | — | — | — | — | — | 22.3M | 25M | 25.4M | 30.3M |
| Gross profit | — | — | — | — | — | — | — | — | 178.7M | 180.6M | 179.7M | 186.1M |
| Gross margin | — | — | — | — | — | — | — | — | 88.9% | 87.8% | 87.6% | 86% |
| Research & development | — | — | — | — | — | — | — | — | 73.8M | 73.2M | 66.1M | 81.7M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 174.9M | 141.4M | 128.8M | 145.6M |
| Operating expenses | — | — | — | — | — | — | — | — | 248.7M | 214.6M | 194.9M | 227.3M |
| Operating income | -63.4M | -67.9M | -66.2M | -76.8M | -60.2M | -63.6M | -43.9M | -49.5M | -70M | -34M | -15.2M | -41.2M |
| Operating margin | — | — | — | — | — | — | — | — | -34.8% | -16.5% | -7.43% | -19% |
| Non-operating income, net | — | — | — | — | — | — | — | — | -466K | 184K | -992K | -463K |
| Pretax income | — | — | — | — | — | — | — | — | -67.1M | -31.2M | -13M | -39.9M |
| Income tax | — | — | — | — | — | — | — | — | 1.3M | 1M | 1.4M | -757K |
| Net income | — | — | — | — | — | — | — | — | -68.4M | -32.2M | -14.4M | -39.2M |
| Net margin | — | — | — | — | — | — | — | — | -34% | -15.7% | -7.02% | -18.1% |
| EBITDA | — | — | — | — | — | — | — | — | -61M | -24.3M | -6.3M | -33.2M |
| EPS | -0.28 | -0.28 | -0.28 | -0.31 | -0.25 | -0.27 | -0.17 | -0.2 | -0.29 | -0.14 | -0.06 | -0.17 |
| Diluted EPS | -0.28 | -0.28 | -0.28 | -0.31 | -0.25 | -0.27 | -0.17 | -0.2 | -0.29 | -0.14 | -0.06 | -0.17 |
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 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 4.9B | 2.4B | 2B |
| Enterprise value | — | — | — | — | — | — | 4.7B | 2.2B | 2B |
| Shares outstanding | 149.6M | 149.6M | 106.3M | 176.4M | 200M | 220.4M | 229.5M | 236.8M | 236.8M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -10.8 |
| P/S | — | — | — | — | — | — | 6.76 | 3.07 | 2.4 |
| P/B | — | — | — | — | — | — | 21.5 | 15.8 | 19.2 |
| EV/EBITDA | — | — | — | — | — | — | -20.4 | -14.2 | -18.1 |
| EV/Sales | — | — | — | — | — | — | 6.48 | 2.84 | 2.4 |
| Earnings yield | — | — | — | — | — | — | — | — | -9.24% |
| FCF yield | — | — | — | — | — | — | 0.05% | 3.17% | 9.96% |
| PEG | — | — | — | — | — | — | — | — | 0.72 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 82% | 86.1% | 87.3% | 89.7% | 89.7% | 90.1% | 89.3% | 89% | 86% |
| Operating margin | -67.8% | -83.9% | -77.3% | -70.1% | -74.5% | -41.4% | -36.8% | -25% | -19% |
| Net margin | -66.3% | -83.2% | -93.3% | -76.2% | -74.5% | -39.4% | -35.3% | -23.9% | -18.6% |
| ROE | 28.1% | 81.6% | 1.7K% | -141.5% | -114.4% | -78.7% | -112.3% | -122.6% | -93.8% |
| ROA | -44.8% | -28.1% | -29% | -40.8% | -42.7% | -26.7% | -28.7% | -22.4% | -9.26% |
| ROIC | 19.3% | 44.1% | -94% | -179.9% | -412.7% | -318.3% | -1.1K% | 646.8% | -703.7% |
| Return on tangible assets | -44.8% | -28.1% | -29% | -40.8% | -42.7% | -26.7% | -28.7% | -22.4% | -23.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.37 | 3.8 | 2.73 | 1.61 | 1.99 | 1.8 | 1.44 | 1.18 | 0.92 |
| Quick ratio | 2.37 | 3.8 | 2.73 | 1.61 | 1.99 | 1.8 | 1.44 | 1.18 | 0.92 |
| Debt / equity | 0 | -1.55 | -45.8 | 1.25 | 0.76 | 0.85 | 1.16 | 1.62 | 2.48 |
| Debt / assets | 0 | 0.53 | 0.8 | 0.36 | 0.28 | 0.29 | 0.3 | 0.3 | 0.32 |
| Net debt / EBITDA | 1.88 | 1.09 | -1.17 | 0.22 | 0.66 | 1.03 | 0.89 | 1.17 | 0.65 |
| Interest coverage | — | -1.5K | -4.81 | -14.5 | -200.4 | -63.1 | -67.1 | -57.5 | -52 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.51 | 0.95 | 2.13 | 2.15 | 2.74 | 2.96 | 3.15 | 3.34 | 3.5 |
| EPS (basic) | -0.34 | -0.79 | -1.99 | -1.63 | -2.04 | -1.17 | -1.11 | -0.8 | -0.8 |
| EPS (diluted) | -0.34 | -0.79 | -1.99 | -1.63 | -2.04 | -1.17 | -1.11 | -0.8 | -0.65 |
| Book value per share | -1.21 | -0.97 | -0.12 | 1.16 | 1.78 | 1.48 | 0.99 | 0.65 | 0.45 |
| FCF per share | -0.22 | -0.32 | -1.42 | -0.72 | -0.84 | -0.14 | 0.01 | 0.33 | 0.49 |
| Cash per share | 0.59 | 2.35 | 3.63 | 1.77 | 2.65 | 2.36 | 2.03 | 1.83 | 1.48 |
| Capex per share | 0.02 | 0.05 | 0.54 | 0.24 | 0.03 | 0.04 | 0.02 | 0.04 | 0.05 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 3.71% | 4.82% | 25.3% | 11% | 0.98% | 1.18% | 0.77% | 1.21% | 1.44% |
| Capex / operating cash flow | -9.83% | -17.4% | -60.3% | -47.9% | -3.27% | 95.2% | 22.9% | 10.6% | 9.17% |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$1.63 |
| — |
| — |
| $378.4M |
| — |
| FY21 | — | -$1.99 | — | — | $227M | — |
| FY20 | — | -$0.79 | — | — | $142.6M | — |
| FY19 | — | -$0.34 | — | — | $76.8M | — |
| Period |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 26 |
|---|
| Q4 26 |
|---|
| Q1 27 |
|---|
| Q2 27 |
|---|
| Revenue | — | — | — | — | — | — | — | — | $201M | $205.6M | $205.1M | $216.4M |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 88M | 351.3M | 386.3M | 312M | 529.3M | 519.5M | 466.9M | 434M |
| Receivables | 5.6M | 12.7M | 32.2M | 59.1M | 82.4M | 88.3M | 87.6M | 110.3M |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 103.2M | 380.6M | 445.8M | 411.4M | 660.4M | 659.7M | 600.7M | 593.3M |
| Property, plant & equipment | 4.1M | 30.9M | 257.4M | 273.7M | 271.2M | 278.3M | 262.4M | 221.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 113.7M | 421.7M | 731.1M | 707M | 955M | 962M | 891.4M | 844.1M |
| Accounts payable | 3.6M | 7.5M | 9.6M | 11.6M | 7.6M | 6.9M | 9.9M | 18.8M |
| Short-term debt | — | 11.6M | 8.4M | 12.6M | 14.8M | 19.2M | 22.1M | 65.7M |
| Total current liabilities | 43.5M | 100.1M | 163.5M | 255.2M | 332.3M | 367.2M | 415.8M | 501M |
| Long-term debt | 0 | 213.6M | 577.5M | 243M | 256.7M | 258.7M | 241M | 183.7M |
| Total liabilities | 294.8M | 567M | 743.9M | 503.2M | 598.4M | 635.6M | 663.9M | 690M |
| Shareholders' equity | -181M | -145.3M | -12.8M | 203.8M | 356.6M | 326.4M | 227.5M | 154.1M |
| Total debt | 0 | 225.2M | 585.9M | 255.6M | 271.5M | 277.9M | 263.1M | 249.4M |
| Net debt | -23.8M | -80.8M | 326M | 15.2M | -255M | 41.2M | 78.4M | 49.6M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 530M | 519.5M | 524.3M | 521.6M | 455.3M | 466.9M | 470.8M | 475.2M | 463.6M | 434M | 424.6M | 339.9M |
| Receivables | 68M | 88.3M | 99.8M | 65.1M | 66.9M | 87.6M | 68.1M | 69.2M | 72.3M | 110.3M | 73.5M | 78.6M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 644.1M | 659.7M | 674.1M | 640.3M | 571.4M | 600.7M | 588.5M | 598.5M | 587.4M | 593.3M | 550.5M | 471.8M |
| Property, plant & equipment | 281M | 278.3M | 279.3M | 278M | 274.3M | 262.4M | 259.6M | 256.6M | 225.2M | 221.7M | 225.1M | 239.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | 148.6M |
| Total assets | 947.7M | 962M | 978.2M | 945.4M | 874.2M | 891.4M | 877.1M | 883.2M | 840.4M | 844.1M | 805.5M | 816.1M |
| Accounts payable | 10M | 6.9M | 12.9M | 13.8M | 12.6M | 9.9M | 7.9M | 16.3M | 13.2M | 18.8M | 25.2M | 15.4M |
| Short-term debt | 17.6M | 19.2M | 20.3M | 21.2M | 21.6M | 22.1M | 24.1M | 24.4M | 24.7M | 65.7M | 64.3M | 64.3M |
| Total current liabilities | 343M | 367.2M | 393.5M | 393.1M | 383M | 415.8M | 399.4M | 424.1M | 420.9M | 501M | 479.6M | 512.9M |
| Long-term debt | 265M | 258.7M | 256.5M | 254M | 247.4M | 241M | 235.1M | 227.9M | 225.3M | 183.7M | 183.9M | 194.1M |
| Total liabilities | 615.5M | 635.6M | 658.3M | 653.5M | 634.9M | 663.9M | 640.8M | 658.6M | 652.1M | 690M | 668.5M | 711.8M |
| Shareholders' equity | 332.2M | 326.4M | 319.9M | 291.9M | 239.3M | 227.5M | 236.3M | 224.6M | 188.4M | 154.1M | 137M | 104.3M |
| Total debt | 282.6M | 277.9M | 276.8M | 275.2M | 269M | 263.1M | 259.3M | 252.3M | 250M | 249.4M | 248.2M | 258.3M |
| Net debt | 14.3M | 41.2M | 54.8M | 55.8M | 72.2M | 78.4M | 65.5M | 68.2M | 66.5M | 49.6M | 54.6M | 38.8M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Net income | -50.9M | -118.6M | -211.7M | -288.3M | -407.8M | -257M | -255.5M | -189M |
| Depreciation & amortization | 4.2M | 2.2M | 3.5M | 8.5M | 12.7M | 14.3M | 17.5M | 22M |
| Stock-based compensation | 8.5M | 48.4M | 34.2M | 104.5M | 189M | 202.4M | 211.3M | 214.8M |
| Change in working capital | 8.8M | 18.5M | 22.3M | 45.9M | 11.9M | 8.2M | 7M | -8.8M |
| Operating cash flow | -29M | -39.5M | -95.1M | -86.9M | -163.5M | 8.1M | 24.3M | 90.4M |
| Capital expenditure | -2.9M | -6.9M | -57.3M | -41.6M | -5.4M | -7.7M | -5.6M | -9.6M |
| Investing cash flow | -44.1M | 13M | -158M | 28.7M | 66.3M | -283.7M | 584K | 41M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | -14K | -77K | -33K | -40K | -9K | 0 | -78.4M | -132.2M |
| Financing cash flow | 51M | 299.9M | 180.5M | 7.3M | 358.5M | -3.1M | -80.9M | -136M |
| Net change in cash | -22.1M | 273.4M | -72.6M | -50.9M | 261.3M | -278.7M | -56M | -4.6M |
| Free cash flow | -33.6M | -47.4M | -151.2M | -126.5M | -167.2M | -31.1M | 2.6M | 77M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -61.8M | -62.4M | -63.7M | -72.2M | -57.3M | -62.3M | -40M | -48.4M | -68.4M | -32.2M | -14.4M | -39.2M |
| Depreciation & amortization | 3.5M | 3.9M | 4M | 4.3M | 4.4M | 4.8M | 5M | 5.1M | 5.8M | 6.1M | 6.1M | 6.6M |
| Stock-based compensation | 52.9M | 51.8M | 48.6M | 60.1M | 52M | 50.6M | 48.2M | 62.2M | 54.7M | 49.8M | 36.3M | 56.3M |
| Change in working capital | -5.2M | -17.9M | 14.8M | 19.7M | -17.6M | -9.9M | -1.6M | 25.6M | -21.1M | -11.7M | 25.8M | 3.4M |
| Operating cash flow | -905K | -14.4M | 14.3M | 22.8M | -7.2M | -5.7M | 22.8M | 39.8M | 16.2M | 27.6M | 40.2M | 46M |
| Capital expenditure | -1.3M | -500K | -1M | -1.7M | -1.4M | -1.5M | -638K | -3.2M | -2.1M | -2.2M | -3.1M | -4.5M |
| Investing cash flow | -138.8M | -17.8M | -20M | 1.5M | 43.4M | -24.3M | 6.3M | -17.6M | 9.9M | 43.8M | -614K | 105.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | — | -19M | -54.8M | -4.5M | -14.5M | -28.9M | -30.8M | -58M | -45M | -51.5M |
| Financing cash flow | -625K | -628K | -4K | -20.3M | -55.5M | -5.1M | -14.5M | -31.4M | -32M | -58M | -47.5M | -52.8M |
| Net change in cash | -140.3M | -32.9M | -5.7M | 4M | -19.2M | -35.1M | 14.5M | -9.2M | -5.9M | 13.4M | -7.9M | 99.1M |
| Free cash flow | -11.5M | -17M | -4.3M | 12.8M | -18.2M | 12.3M | 4M | 35.4M | 13.4M | 24.2M | 34.4M | 40M |