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 24 | $0.28 | $0.48 | +71.4% | — | $86M | — |
| Q3 24 | $0.45 | $0.34 | -24.4% | — | $93.3M | — |
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 | — | $3.16 | — | — | $620.4M | — |
| FY24 | — | $0.76 | — | — | $248.7M | — |
| FY23 | — | $0.24 | — | — | $108.6M | — |
| FY22 | — | $0.88 | — | — | $106.4M | — |
| FY21 | — | $0.24 | — | — | $60.9M | — |
| FY20 | — | -$4.16 | — | — | $19.5M | — |
| FY19 | — | -$0.82 | — | — | $38.4M | — |
| FY18 | — | -$0.22 | — | — | $71.7M | — |
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 | $71.7M | $38.4M | $19.5M | $60.9M | $106.4M | $108.6M | $248.7M | $620.4M |
| YoY change | — | -46.4% | -49.2% | +212.5% | +74.6% | +2.07% | +129% | +149.4% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 71.7M | 38.4M | 19.5M | 60.9M | 106.4M | 108.6M | 248.7M | 620.4M |
| Cost of revenue | 55.5M | 44.6M | 45.8M | 38.9M | 49.5M | 59.9M | 124.2M | 236.8M |
| Gross profit | 16.2M | -6.2M | -26.3M | 22.1M | 56.9M | 48.8M | 124.5M | 383.6M |
| Gross margin | 22.6% | -16.3% | -134.6% | 36.2% | 53.5% | 44.9% | 50.1% | 61.8% |
| Research & development | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 4.2M | 2.6M | 3.1M | 10.3M | 13.9M | 25.1M | 51.6M | 67.6M |
| Operating expenses | 5M | 2.7M | 3.3M | 10.5M | 14.7M | 26.1M | 52.5M | 67.3M |
| Operating income | 6.7M | -13.6M | -35.9M | 11.1M | 41.2M | 22.1M | 69.4M | 312.7M |
| Operating margin | 9.38% | -35.5% | -184.1% | 18.3% | 38.7% | 20.4% | 27.9% | 50.4% |
| Non-operating income, net | — | — | — | 103K | -4M | -8.8M | -1.4M | -1.7M |
| Pretax income | -4.6M | -22.2M | -27M | 7.4M | 35.5M | 11.5M | 67.5M | 287.9M |
| Income tax | 1.7M | 1.6M | -1K | -13K | 0 | 0 | 2.4M | 7.7M |
| Net income | -6.3M | -23.8M | -27M | 7.5M | 35.5M | 11.5M | 65.1M | 280.2M |
| Net margin | -8.85% | -61.9% | -138.6% | 12.2% | 33.4% | 10.6% | 26.2% | 45.2% |
| EBITDA | 16.7M | -651K | -7.3M | 27.3M | 63.8M | 46.2M | 128.3M | 419M |
| EPS | -0.22 | -0.82 | -4.16 | 0.24 | 0.88 | 0.24 | 0.76 | 3.16 |
| Diluted EPS | -0.22 | -0.82 | -4.16 | 0.24 | 0.88 | 0.24 | 0.76 | 3.16 |
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 | 23.4M | 17.4M | 19.1M | 73.5M | 93.3M | 86M | 65.5M | 233.1M | 154.3M | 167.6M | 124.7M | 282.8M |
| Cost of revenue | 15.8M | 18.8M | 27M | 35.4M | 38.3M | 33.7M | 44.6M | 55.7M | 58.6M | 77.9M | 98M | 148.5M |
| Gross profit | 7.6M | -1.4M | -7.9M | 38.1M | 55M | 52.2M | 20.9M | 177.4M | 95.7M | 89.6M | 26.8M | 134.3M |
| Gross margin | 32.4% | -7.92% | -41.5% | 51.8% | 58.9% | 60.8% | 31.9% | 76.1% | 62% | 53.5% | 21.5% | 47.5% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 6.9M | 5.1M | 12.8M | 16.5M | 17.2M | 9.8M | 16.2M | 17M | 17.6M | 16.8M | 19.9M | 20.8M |
| Operating expenses | 6.9M | 5.1M | 12.2M | 16.3M | 16.5M | 12.1M | 16.1M | 14.3M | 16M | 21M | 19M | 20.8M |
| Operating income | 662K | -8M | -20.1M | 21.8M | 38.5M | 37.6M | 4.8M | 163.1M | 79.7M | 65.1M | 7.8M | 113.5M |
| Operating margin | 2.83% | -45.6% | -105.4% | 29.7% | 41.2% | 43.7% | 7.38% | 70% | 51.7% | 38.9% | 6.24% | 40.1% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | 610K | -18.7M | -20.8M | 25.7M | 32.6M | 38M | 3M | 168.1M | 66.8M | 49.9M | -6.9M | 93.7M |
| Income tax | 0 | 0 | 19K | 1.3M | 572.2K | 797K | 1.2M | 2.2M | 2.2M | 2.1M | 197K | -1.3M |
| Net income | 610K | -18.7M | -20.8M | 24.4M | 32M | 37.3M | 1.8M | 165.9M | 64.6M | 47.8M | -7M | 95M |
| Net margin | 2.61% | -107.3% | -109.1% | 33.2% | 34.3% | 43.3% | 2.75% | 71.2% | 41.9% | 28.5% | -5.65% | 33.6% |
| EBITDA | 2.4M | -6.9M | -9.7M | 42.2M | 47.9M | 58.9M | 23.9M | 193.3M | 108.5M | 91.6M | 56.4M | 159.2M |
| EPS | — | — | -0.24 | — | — | — | 0.04 | — | — | — | -0.08 | — |
| Diluted EPS | — | — | -0.24 | — | — | — | 0.04 | — | — | — | -0.08 | — |
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 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 1.6B | 2.2B |
| Enterprise value | — | — | — | — | — | — | — | — | 3.1B | 4.2B |
| Shares outstanding | — | 27.8M | 27.8M | 6.2M | 31.5M | 39.2M | 46.5M | 86.5M | 87.6M | 87.6M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 5.81 | 9.56 |
| P/S | — | — | — | — | — | — | — | — | 2.63 | 3.11 |
| P/B | — | — | — | — | — | — | — | — | 1.08 | 1.12 |
| EV/EBITDA | — | — | — | — | — | — | — | — | 7.4 | 8.79 |
| EV/Sales | — | — | — | — | — | — | — | — | 5 | 5.04 |
| Earnings yield | — | — | — | — | — | — | — | — | 17.2% | 10.5% |
| FCF yield | — | — | — | — | — | — | — | — | -51.7% | -19% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | 22.6% | -16.3% | -134.6% | 36.2% | 53.5% | 44.9% | 50.1% | 61.8% | 47.5% |
| Operating margin | — | 9.38% | -35.5% | -184.1% | 18.3% | 38.7% | 20.4% | 27.9% | 50.4% | 40.1% |
| Net margin | — | -8.85% | -61.9% | -138.6% | 12.2% | 33.4% | 10.6% | 26.2% | 45.2% | 27.5% |
| ROE | — | -59.4% | 181.4% | -11.2% | 2.29% | 6.57% | 1.2% | 5.27% | 18.6% | 12.7% |
| ROA | — | -4.7% | -21.4% | -8.03% | 1.75% | 5.3% | 0.92% | 3.36% | 8.2% | 5.37% |
| ROIC | — | 5.34% | -15.3% | -14.3% | 2.81% | 6.47% | 2.07% | 3.81% | 10.2% | 8.25% |
| Return on tangible assets | — | -4.7% | -21.4% | -8.03% | 1.76% | 5.31% | 0.94% | 3.42% | 8.29% | 5.68% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.14 | 0.58 | 3.26 | 0.46 | 5.04 | 2.75 | 1.53 | 1.11 | 1.62 |
| Quick ratio | — | 1.1 | 0.57 | 3.25 | 0.45 | 5 | 2.72 | 1.52 | 1.1 | 1.61 |
| Debt / equity | — | 10.8 | -7.9 | 0.31 | 0.23 | 0.21 | 0.22 | 0.47 | 1.08 | 0.91 |
| Debt / assets | — | 0.86 | 0.93 | 0.22 | 0.17 | 0.17 | 0.16 | 0.3 | 0.48 | 0.45 |
| Net debt / EBITDA | — | 6.9 | -157 | -1.47 | 2.62 | 1.51 | 2.38 | 4.08 | 3.51 | 3.37 |
| Interest coverage | — | 0.19 | -2.92 | -5.3 | 3.16 | 24.2 | 5 | 25.1 | 14.1 | 4.24 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% | 3.57% | 2.67% | 1.58% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 2.58 | 1.38 | 3.13 | 1.93 | 2.71 | 2.33 | 2.88 | 7.08 | 8.1 |
| EPS (basic) | — | -0.22 | -0.82 | -4.16 | 0.24 | 0.88 | 0.24 | 0.76 | 3.16 | 3.16 |
| EPS (diluted) | — | -0.22 | -0.82 | -4.16 | 0.24 | 0.88 | 0.24 | 0.76 | 3.16 | 2.46 |
| Book value per share | — | 0.38 | -0.47 | 38.7 | 10.3 | 13.8 | 20.6 | 14.3 | 17.2 | 20.9 |
| FCF per share | — | 0.43 | -0.07 | -42.7 | -4.23 | -5.01 | -0.08 | -6.04 | -9.62 | -1.09 |
| Cash per share | — | 0.01 | 0.04 | 10.2 | 0.07 | 0.48 | 2.08 | 0.68 | 1.73 | 2.14 |
| Capex per share | — | 0.01 | 0 | 41.1 | 5.17 | 5.74 | 1.4 | 7.12 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 0.24% | 0.17% | 1.3K% | 267.4% | 211.6% | 59.9% | 247.5% | — | — |
| Capex / operating cash flow | — | -3.21% | -0.32% | -786.4% | 381.5% | 1.4K% | 98.1% | 670.9% | — | — |
| Payout ratio | — | — | — | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Dividend yield | — | — | — | — | — | — | — | — | 0% | 0% |
| 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 | $23.4M | $17.4M | $19.1M | $73.5M | $93.3M | $86M | $65.5M | $233.1M | $154.3M | $167.6M | $124.7M | $282.8M |
| YoY change | — | — | +0.84% | +50.5% | +298.5% | +393% | +243.5% | +216.9% | +65.3% | +95% | +90.5% | +21.3% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 797K | 397K | 1.2M | 63.6M | 2.3M | 19M | 96.6M | 58.5M | 151.7M |
| Receivables | 3.3M | 12.9M | 14.9M | 7M | 18.4M | 17.6M | 26.8M | 62.8M | 117.7M |
| Inventory | 646K | 842K | 261K | 312K | 440K | 549K | 1.8M | 1M | 3.5M |
| Total current assets | 25.5M | 26.1M | 18M | 83.5M | 24.6M | 59.5M | 147.4M | 188.6M | 390M |
| Property, plant & equipment | 122.4M | 107M | 341.2M | 252.5M | 797.5M | 605.3M | 1.1B | 1.7B | 2.9B |
| Goodwill & intangibles | — | — | — | 0 | 804K | 838K | 33.9M | 36.4M | 38.9M |
| Total assets | 149.7M | 134.8M | 111.2M | 336.8M | 424.8M | 670M | 1.3B | 1.9B | 3.4B |
| Accounts payable | 1.7M | 1.8M | 1.3M | 4.4M | 2.8M | 4M | 8.4M | 11.6M | 22.4M |
| Short-term debt | 18.5M | 14.5M | 15.5M | 9.9M | 28.9M | 1.1M | 1.4M | 32.4M | 117.2M |
| Total current liabilities | 27.3M | 22.9M | 31.2M | 25.6M | 53.9M | 11.8M | 53.6M | 123.6M | 351.1M |
| Long-term debt | 105.4M | 101.2M | 88M | 64.4M | 44.7M | 114.2M | 205.2M | 549.6M | 1.5B |
| Total liabilities | 132.7M | 124.2M | 124.3M | 95.7M | 99.5M | 129.5M | 293.5M | 703.1M | 1.9B |
| Shareholders' equity | 17M | 10.7M | -13.1M | 241.1M | 325.3M | 540.6M | 959M | 1.2B | 1.5B |
| Total debt | 123.9M | 115.6M | 103.5M | 74.3M | 73.6M | 115.3M | 206.6M | 582M | 1.6B |
| Net debt | 123.1M | 115.2M | 102.2M | 10.7M | 71.3M | 96.3M | 110M | 523.5M | 1.5B |
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 | Q2 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 | 19.1M | 96.6M | 209.1M | 108.3M | 106.4M | 58.5M | 94.1M | 53M | 217.8M | 151.7M | 221.3M | 206.2M |
| Receivables | 59.6M | 26.8M | 36.5M | 46.2M | 53.6M | 62.8M | 105.8M | 111.5M | 127.7M | 117.7M | 145.5M | 125M |
| Inventory | 494K | 1.8M | 1.9M | 1.1M | 1.6M | 1M | 3.6M | 2.3M | 2.9M | 3.5M | 3.8M | 4.2M |
| Total current assets | 81M | 147.4M | 264.5M | 204.7M | 215.1M | 188.6M | 242M | 352.7M | 395.5M | 390M | 425.6M | 450M |
| Property, plant & equipment | 612.1M | 1.1B | 1.2B | 1.6B | 1.9B | 1.7B | 2.2B | 2.4B | 2.6B | 2.9B | 3B | 3B |
| Goodwill & intangibles | 352K | 33.9M | 17.2M | 20.3M | 19.4M | 36.4M | 18.6M | 19.1M | 19.3M | 38.9M | 19.5M | 19.3M |
| Total assets | 698.2M | 1.3B | 1.5B | 1.9B | 2.1B | 1.9B | 2.5B | 2.8B | 3.1B | 3.4B | 3.5B | 3.5B |
| Accounts payable | 8.3M | 8.4M | 49.1M | 49.2M | 43.7M | 11.6M | 36.3M | 52.2M | 46.5M | 22.4M | 77M | 69.4M |
| Short-term debt | 80K | 1.4M | 4.7M | 6.5M | 39.1M | 32.4M | 64.6M | 206.5M | 240.7M | 117.2M | 126.4M | 135.3M |
| Total current liabilities | 9.1M | 53.6M | 74.8M | 89.4M | 118.1M | 123.6M | 203M | 357.8M | 371.2M | 351.1M | 326.1M | 277.3M |
| Long-term debt | 115.4M | 205.2M | 264.4M | 401.6M | 644.4M | 549.6M | 1B | 1B | 1.2B | 1.5B | 1.5B | 1.5B |
| Total liabilities | 134.4M | 293.5M | 369.2M | 510.3M | 805.2M | 703.1M | 1.2B | 1.4B | 1.6B | 1.9B | 1.9B | 1.8B |
| Shareholders' equity | 563.8M | 959M | 1.1B | 1.3B | 1.3B | 1.2B | 1.2B | 1.4B | 1.4B | 1.5B | 1.7B | 1.8B |
| Total debt | 115.5M | 206.6M | 269.1M | 408.1M | 683.5M | 582M | 1.1B | 1.2B | 1.4B | 1.6B | 1.6B | 1.6B |
| Net debt | 96.4M | 110M | 60M | 299.8M | 577.1M | 523.5M | 976M | 1.2B | 1.2B | 1.5B | 1.4B | 1.4B |
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 | -6.3M | -23.8M | -27M | 7.5M | 35.5M | 11.5M | 65.1M | 280.2M |
| Depreciation & amortization | — | — | — | 16.5M | 22.7M | 23M | 56.6M | 107.5M |
| Stock-based compensation | — | 0 | 156K | -321K | 352K | 1.1M | 1.7M | 2.1M |
| Change in working capital | -10.3M | -4.6M | 878K | 14.6M | -43.5M | 28.9M | -32.6M | -16.6M |
| Operating cash flow | -5.4M | -20.1M | -32.6M | 42.7M | 16M | 66.3M | 91.7M | 394.2M |
| Capital expenditure | -172K | -64K | -256.1M | -162.9M | -225.2M | -65.1M | -615.5M | — |
| Investing cash flow | -172K | -64K | -256.1M | -162.9M | -225.2M | -54.7M | -615.3M | -27M |
| Dividends paid | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | — | — | — | — | — | — | -1.3M | -1.7M |
| Financing cash flow | 7.2M | 22.7M | 346.8M | 75.8M | 192.2M | 77.4M | 504M | 1B |
| Net change in cash | 1.7M | 2.6M | 58.1M | -44.5M | -16.9M | 89M | -19.5M | 1.4B |
| Free cash flow | 12M | -2.1M | -265.7M | -133.2M | -196.4M | -3.5M | -522.9M | -843M |
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 | 610K | -18.7M | -20.8M | 24.4M | 32M | 37.3M | 1.8M | 165.9M | 64.6M | 47.8M | -7M | 95M |
| Depreciation & amortization | 1.5M | 9.5M | 10M | 15.2M | 11.5M | 23.6M | 18.8M | 25.7M | 29.1M | 33.9M | 39.1M | 47.2M |
| Stock-based compensation | 652K | 175K | 272K | 487.9K | 556K | 491K | 619K | 483K | 510K | 459K | 663K | 743K |
| Change in working capital | 30.5M | 13.8M | 21.7M | -37.6M | -11.2M | -12.3M | -4.6M | -141.4M | 120.3M | 9M | -1.8M | -120.3M |
| Operating cash flow | 33.5M | 5.8M | 13.5M | 2.1M | 32M | 47.6M | 19.8M | 51.1M | 214M | 108.7M | 42.2M | 37.3M |
| Capital expenditure | -8.8M | -41.7M | -101.9M | -226.2M | -293.1M | -66.3M | -466.2M | — | — | — | — | — |
| Investing cash flow | -8.8M | -41.7M | -101.9M | -226.2M | -293.1M | -66.3M | -466.3M | 1K | -54K | -26.9M | 496K | 741K |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | — | — | — | — | — | 0 | — | — | 0 | 0 | — | — |
| Financing cash flow | -259K | 80.8M | 202M | 90.6M | 274.6M | -11.6M | 486.5M | 132.8M | 221.4M | 187.1M | 139.2M | -69M |
| Net change in cash | 24.5M | 44.9M | 113.7M | -133.5M | 13.5M | -30.3M | 40M | 183.9M | 435.4M | 269M | 181.9M | -31M |
| Free cash flow | 23.9M | -31.2M | -88.7M | -221.4M | -261.3M | -18.4M | -446.3M | -155.4M | -44.1M | -197.1M | -49M | -4.2M |