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 | $0.11 | $0.17 | +54.5% | — | $298.6M | — |
| Q1 26 | $0.08 | $0.07 | -12.5% | — | $195.7M | — |
| Q4 25 | $0.06 | $0.06 | 0.0% | — | $196.9M | — |
| Q3 25 | -$0.01 | -$0.05 | -400.0% | — | $194.2M | — |
| Q2 25 | $0.09 | $0.12 | +33.3% | — | $187.1M | — |
| Q1 25 | $0.08 | $0.12 | +50.0% | — | $179.3M | — |
| Q4 24 | $0.05 | $0.08 | +60.0% | — | $179.2M | — |
| Q3 24 | $0.02 | $0.1 | +400.0% | — | $176.1M | — |
| Q2 24 | $0.02 | $0.09 | +350.0% | — | $170.3M | — |
| Q1 24 | $0.01 | $0.07 | +600.0% | — | $169.1M | — |
| Q4 23 | — | $0.06 | — | — | $168.9M | — |
| Q3 23 | -$0.07 | -$0.01 | +85.7% | — | $165.5M | — |
| Q1 23 | -$0.11 | -$0.03 | +72.7% | — | $147.6M | — |
| Q4 22 | -$0.12 | -$0.04 | +66.7% | — | $142.2M | — |
| Q3 22 | -$0.11 | -$0.06 | +45.5% | — | $136.4M | — |
| Q2 22 | -$0.13 | -$0.14 | -7.7% | — | $124.8M | — |
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 | — | -$0.31 | — | — | $757.5M | — |
| FY24 | — | -$0.51 | — | — | $694.7M | — |
| FY23 | — | -$0.77 | — | — | $635.8M | — |
| FY22 | — | -$1.21 | — | — | $523.8M | — |
| FY21 | — |
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 | $184.4M | $293.5M | $415.3M | $523.8M | $635.8M | $694.7M | $757.5M |
| YoY change | — | +59.2% | +41.5% | +26.1% | +21.4% | +9.27% | +9.04% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 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 | 184.4M | 293.5M | 415.3M | 523.8M | 635.8M | 694.7M | 757.5M |
| Cost of revenue | 89.6M | 138.8M | 165.8M | 192.3M | 306M | 323.3M | 344.1M |
| Gross profit | 94.8M | 154.7M | 249.5M | 331.5M | 329.8M | 371.4M | 413.4M |
| Gross margin | 51.4% | 52.7% | 60.1% | 63.3% | 51.9% | 53.5% | 54.6% |
| Research & development | 56.4M | 76.8M | 135.4M | 165.1M | 160.1M | 132M | 121.6M |
| Selling, general & administrative | 86.9M | 144.5M | 257.1M | 333.6M | 321.1M | 343.6M | 370.1M |
| Operating expenses | 143.2M | 221.2M | 392.5M | 498.7M | 481.2M | 475.7M | 491.7M |
| Operating income | -48.4M | -66.6M | -143.1M | -167.2M | -151.4M | -104.3M | -78.3M |
| Operating margin | -26.2% | -22.7% | -34.4% | -31.9% | -23.8% | -15% | -10.3% |
| Non-operating income, net | -264K | 120K | -346K | -12.6M | 5.8M | -10.9M | 400K |
| Pretax income | -46M | -65.3M | -143.1M | -170.6M | -111.2M | -78.5M | -45.9M |
| Income tax | 718K | 1.5M | 2.1M | 4.7M | 5.4M | 1M | 5.1M |
| Net income | -46.7M | -66.8M | -145.2M | -175.4M | -116.6M | -79.5M | -51M |
| Net margin | -25.3% | -22.8% | -35% | -33.5% | -18.3% | -11.4% | -6.73% |
| EBITDA | -40.1M | -55.7M | -128.3M | -138.6M | -134.9M | -70.3M | -50.4M |
| EPS | -1.13 | -0.51 | -1.28 | -1.21 | -0.77 | -0.51 | -0.31 |
| Diluted EPS | -1.13 | -0.51 | -1.28 | -1.21 | -0.77 | -0.51 | -0.31 |
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 | 165.5M | 168.9M | 169.1M | 170.3M | 176.1M | 179.2M | 179.3M | 187.1M | 194.2M | 196.9M | 195.7M | 298.6M |
| Cost of revenue | 82.3M | 79.6M | 79.6M | 80.2M | 79.9M | 83.7M | 81.4M | 84.4M | 88.2M | 90.1M | 87.1M | 125.2M |
| Gross profit | 83.3M | 89.3M | 89.5M | 90.2M | 96.2M | 95.5M | 97.9M | 102.7M | 106M | 106.8M | 108.6M | 173.4M |
| Gross margin | 50.3% | 52.9% | 52.9% | 52.9% | 54.7% | 53.3% | 54.6% | 54.9% | 54.6% | 54.2% | 55.5% | 58.1% |
| Research & development | 37.6M | 37.4M | 34.6M | 33.7M | 31.6M | 32.1M | 29.5M | 29.3M | 30M | 32.8M | 31.3M | 43.7M |
| Selling, general & administrative | 85.2M | 80.5M | 82.5M | 87.6M | 86.4M | 87.1M | 83.7M | 88.5M | 91.6M | 106.3M | 102.6M | 134.6M |
| Operating expenses | 122.9M | 117.9M | 117.1M | 121.3M | 118M | 119.2M | 113.2M | 117.8M | 121.6M | 139.1M | 133.9M | 178.3M |
| Operating income | -39.6M | -28.6M | -27.6M | -31.2M | -21.8M | -23.7M | -15.3M | -15.1M | -15.6M | -32.3M | -25.3M | -4.9M |
| Operating margin | -23.9% | -16.9% | -16.3% | -18.3% | -12.4% | -13.2% | -8.53% | -8.07% | -8.03% | -16.4% | -12.9% | -1.64% |
| Non-operating income, net | -325K | 212K | -2.4M | -65K | 219K | -8.7M | 1.2M | 100K | -500K | -400K | -900K | -81.1M |
| Pretax income | -31.1M | -19M | -20.4M | -21.9M | -12.2M | -23.9M | -6.3M | -7M | -7.8M | -24.8M | -19.1M | -78.3M |
| Income tax | 1M | 1.3M | 812K | 1M | 1.5M | -2.3M | 1.5M | 800K | 800K | 2M | 1.4M | 2.1M |
| Net income | -32.1M | -20.4M | -21.3M | -23M | -13.7M | -21.6M | -7.8M | -7.8M | -8.6M | -26.8M | -20.5M | -80.4M |
| Net margin | -19.4% | -12.1% | -12.6% | -13.5% | -7.77% | -12.1% | -4.35% | -4.17% | -4.43% | -13.6% | -10.5% | -26.9% |
| EBITDA | -33.9M | -22.8M | -19.2M | -24.9M | -15.7M | -10.6M | -9.1M | -7.7M | -8.3M | -25.3M | -17.8M | 97.4M |
| EPS | -0.21 | -0.13 | -0.14 | -0.15 | -0.09 | -0.14 | -0.05 | -0.05 | -0.05 | -0.16 | -0.12 | -0.34 |
| Diluted EPS | -0.21 | -0.13 | -0.14 | -0.15 | -0.09 | -0.14 | -0.05 | -0.05 | -0.05 | -0.16 | -0.12 | -0.34 |
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 | — | — | — | — | 2.9B | 1.3B | 1.2B | 1.2B |
| Enterprise value | — | — | — | — | 2.2B | 614.6M | 413M | 362.7M |
| Shares outstanding | 41.2M | 130.3M | 113.6M | 145.3M | 151M | 157.4M | 163.8M | 163.8M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -15 |
| P/S | — | — | — | — | 4.6 | 1.93 | 1.59 | 1.51 |
| P/B | — | — | — | — | 4.75 | 2.24 | 1.9 | 1.19 |
| EV/EBITDA | — | — | — | — | -16.4 | -8.75 | -8.19 | -9.86 |
| EV/Sales | — | — | — | — | 3.47 | 0.88 | 0.55 | 0.41 |
| Earnings yield | — | — | — | — | — | — | — | -6.69% |
| FCF yield | — | — | — | — | 0.45% | 5.72% | 7.39% | 29.8% |
| PEG | — | — | — | — | — | — | — | -0.03 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 51.4% | 52.7% | 60.1% | 63.3% | 51.9% | 53.5% | 54.6% | 58.1% |
| Operating margin | -26.2% | -22.7% | -34.4% | -31.9% | -23.8% | -15% | -10.3% | -1.64% |
| Net margin | -25.3% | -22.8% | -35% | -33.5% | -18.3% | -11.4% | -6.73% | -15.4% |
| ROE | 25% | 30.1% | -19.6% | -25.2% | -18.9% | -13.3% | -8.02% | -15.2% |
| ROA | -19.8% | -16% | -15.1% | -18.5% | -12.7% | -8.55% | -5.1% | -2.4% |
| ROIC | 13.4% | 13.8% | 237% | 234.1% | 152.5% | 83% | 49.9% | -42.3% |
| Return on tangible assets | -21.2% | -16.9% | -15.5% | -18.8% | -13% | -9.02% | -5.39% | -19.2% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.49 | 2.31 | 4.44 | 3.61 | 2.79 | 2.54 | 2.51 | 1.59 |
| Quick ratio | 2.49 | 2.31 | 4.44 | 3.61 | 2.79 | 2.54 | 2.51 | 1.59 |
| Debt / equity | 0 | -0.12 | 0.03 | 0.02 | 0.01 | 0.01 | — | 0.01 |
| Debt / assets | 0 | 0.06 | 0.02 | 0.02 | 0.01 | 0 | — | — |
| Net debt / EBITDA | 4.31 | 4.65 | 6.25 | 5.53 | 5.3 | 10.3 | — | 26.4 |
| Interest coverage | -72.6 | -5.4K | — | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 4.47 | 2.25 | 3.66 | 3.61 | 4.21 | 4.41 | 4.62 | 4.82 |
| EPS (basic) | -1.13 | -0.51 | -1.28 | -1.21 | -0.77 | -0.51 | -0.31 | -0.31 |
| EPS (diluted) | -1.13 | -0.51 | -1.28 | -1.21 | -0.77 | -0.51 | -0.31 | -0.71 |
| Book value per share | -4.54 | -1.7 | 6.53 | 4.78 | 4.08 | 3.8 | 3.88 | 4.25 |
| FCF per share | -0.76 | -0.21 | -0.1 | -0.36 | 0.09 | 0.49 | 0.54 | 0.05 |
| Cash per share | 4.19 | 2.19 | 7.23 | 5.37 | 4.78 | 4.61 | 4.84 | 3.71 |
| Capex per share | 0.11 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.11 | 0.1 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.39% | 1.06% | 0.37% | 0.3% | 0.18% | 0.23% | 2.39% | 2.58% |
| Capex / operating cash flow | -34.5% | -682.6% | -213.5% | -5.56% | 2.11% | 2.01% | 16.7% | 66.1% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| -$1.28 |
| — |
| — |
| $415.3M |
| — |
| FY20 | — | -$0.51 | — | — | $293.5M | — |
| FY19 | — | -$1.13 | — | — | $184.4M | — |
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $165.5M | $168.9M | $169.1M | $170.3M | $176.1M | $179.2M | $179.3M | $187.1M | $194.2M | $196.9M | $195.7M | $298.6M |
| YoY change | +21.4% | +18.8% | +14.5% | +10.8% | +6.37% | +6.1% | +6.05% | +9.84% | +10.3% | +9.89% | +9.15% | +59.6% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 172.8M | 285.3M | 821.8M | 780.5M | 722.1M | 726.1M | 792.6M |
| Receivables | 16.7M | 40.7M | 34.4M | 53.7M | 67.4M | 59.7M | 58M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 206.5M | 355.1M | 892.3M | 876M | 832.5M | 830.7M | 898.1M |
| Property, plant & equipment | 14M | 40.3M | 41M | 36.7M | 30.4M | 36.9M | 43.4M |
| Goodwill & intangibles | 16.2M | 21.1M | 20.2M | 17.1M | 23.4M | 49M | 54.2M |
| Total assets | 236.3M | 417.6M | 958.9M | 947.6M | 920.5M | 930.3M | 1B |
| Accounts payable | 21M | 39M | 49.2M | 66.4M | 101M | 101.9M | — |
| Short-term debt | — | 7.9M | 8M | 8.7M | 6.6M | 43K | — |
| Total current liabilities | 83M | 153.6M | 201.1M | 242.4M | 298.3M | 327.5M | 357.9M |
| Long-term debt | 0 | 18.3M | 11.9M | 5.8M | 39K | 3M | — |
| Total liabilities | 423.3M | 639.4M | 217.4M | 253M | 304.3M | 332.9M | 364.3M |
| Shareholders' equity | -187M | -221.8M | 741.5M | 694.6M | 616.2M | 597.4M | 635.7M |
| Total debt | 0 | 26.2M | 19.9M | 14.4M | 6.6M | 3.1M | — |
| Net debt | -56M | -53.6M | -560.8M | -306.4M | -649.7M | -723.1M | — |
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 | 721.2M | 722.1M | 725.4M | 708.8M | 719.4M | 726.1M | 748M | 775.1M | 797.7M | 792.6M | 789.8M | 982.2M |
| Receivables | 62.1M | 67.4M | 58.3M | 57.7M | 47.6M | 59.7M | 48M | 58.2M | 46.8M | 58M | 45.7M | 146.8M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 829.1M | 832.5M | 833.2M | 820.7M | 821.2M | 830.7M | 854M | 881.9M | 897.3M | 898.1M | 893.4M | 1.2B |
| Property, plant & equipment | 29.7M | 30.4M | 31.1M | 33.1M | 36.1M | 36.9M | 37.9M | 40M | 41.8M | 43.4M | 45.5M | 55M |
| Goodwill & intangibles | 21.4M | 23.4M | 25.2M | 29.9M | 41.1M | 49M | 49.8M | 52.8M | 51.2M | 54.2M | 61.8M | 1.2B |
| Total assets | 914.3M | 920.5M | 916.3M | 904.4M | 914.1M | 930.3M | 951.2M | 979.9M | 995.3M | 1B | 1B | 1.9B |
| Accounts payable | 98.1M | 101M | 103.3M | 100.9M | 97.8M | 101.9M | 100.5M | — | — | — | — | — |
| Short-term debt | 7.4M | 6.6M | 4.4M | 2.4M | 755K | 43K | — | — | — | — | — | — |
| Total current liabilities | 295.6M | 298.3M | 302.6M | 315.9M | 314.8M | 327.5M | 334.5M | 346.2M | 349.5M | 357.9M | 362.4M | 768.1M |
| Long-term debt | 1.1M | 39K | 0 | 0 | 3M | 3M | 3.1M | — | — | — | — | — |
| Total liabilities | 300.9M | 304.3M | 307.2M | 319.2M | 320.9M | 332.9M | 340.7M | 352.9M | 355.8M | 364.3M | 368.7M | 780.8M |
| Shareholders' equity | 613.4M | 616.2M | 609.1M | 585.2M | 593.3M | 597.4M | 610.5M | 627M | 639.5M | 635.7M | 631.8M | 1.2B |
| Total debt | 8.5M | 6.6M | 4.4M | 2.4M | 3.7M | 3.1M | 3.1M | — | — | — | — | — |
| Net debt | -498.7M | -649.7M | -721M | -706.3M | -715.7M | -723.1M | -744.9M | — | — | — | — | — |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -46.7M | -66.8M | -145.2M | -175.4M | -116.6M | -79.5M | -51M |
| Depreciation & amortization | 5.3M | 9.6M | 14.8M | 18.5M | 22.3M | 25.1M | 28.8M |
| Stock-based compensation | 16.3M | 16.8M | 91.2M | 110.8M | 109.6M | 108.1M | 95.1M |
| Change in working capital | 12.3M | 39.9M | 39M | 16.6M | 37.5M | 24.3M | 23.3M |
| Operating cash flow | -12.8M | -454K | -728K | -28.4M | 54.3M | 78.8M | 108.7M |
| Capital expenditure | -4.4M | -3.1M | -1.6M | -1.6M | -1.1M | -1.6M | -18.1M |
| Investing cash flow | -59.4M | -92.6M | -39.5M | -221.7M | 400.1M | 47.1M | -28.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | 0 | 0 | -58.5M | -36.7M | 0 |
| Financing cash flow | 104.6M | 128.8M | 512M | -12.2M | -112.6M | -70M | -27.6M |
| Net change in cash | 32.4M | 35.7M | 471.7M | -262.3M | 341.8M | 55.9M | 52.4M |
| Free cash flow | -31.3M | -26.9M | -11.9M | -51.9M | 13.2M | 76.6M | 89.1M |
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 | -32.1M | -20.4M | -21.3M | -22.9M | -13.7M | -21.6M | -7.8M | -7.8M | -8.6M | -26.8M | -20.5M | -80.4M |
| Depreciation & amortization | 5.7M | 5.8M | 6.4M | 6.2M | 6M | 6.3M | 7.1M | 7.4M | 7.3M | 7M | 7.5M | 22.5M |
| Stock-based compensation | 27.9M | 27.7M | 27.9M | 30M | 25.2M | 24.9M | 24.2M | 23.8M | 23M | 24.1M | 20.3M | 39.6M |
| Change in working capital | 26.2M | -6.1M | 17.6M | 4.1M | 6.1M | -3.6M | 21.5M | 1.3M | 5.3M | -4.6M | 24M | -13.8M |
| Operating cash flow | 28.1M | 7.8M | 31.2M | 17.9M | 23.5M | 6.5M | 44.8M | 24.3M | 33.9M | 5.8M | 14.6M | -19.8M |
| Capital expenditure | -305K | -121K | -134K | -210K | -204K | -1.1M | -500K | -400K | -5M | -4.8M | -5.6M | -7.4M |
| Investing cash flow | 142.6M | 149.6M | 63.7M | -2.2M | -6.2M | -8.2M | -4.6M | -2.2M | -7.1M | -7.4M | -11.4M | -12.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -5.4M | 0 | -5.6M | -31.1M | -5K | 0 | 0 | 0 | 0 | 0 | — | — |
| Financing cash flow | -19.2M | -15.4M | -19.1M | -38.9M | -7M | -5M | -6.2M | -6.9M | -8.7M | -5.8M | -5.9M | -12.4M |
| Net change in cash | 151.5M | 142M | 75.8M | -23.3M | 10.4M | -6.7M | 34M | 15.2M | 18.1M | -7.4M | -2.7M | -44.7M |
| Free cash flow | 15.6M | 7.7M | 20.2M | 19M | 22.8M | 14.5M | 29.4M | 30.4M | 28.7M | 600K | 8.8M | -27.5M |