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 % |
|---|---|---|---|---|---|---|
| Q1 26 | $0.16 | $0.16 | 0.0% | — | $221.2M | — |
| Q4 25 | $0.15 | $0.15 | 0.0% | — | $217.5M | — |
| Q3 25 | $0.14 | $0.14 | 0.0% | — | $205.1M | — |
| Q2 25 | $0.12 | $0.12 | 0.0% | — | $181.9M | — |
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 | — | -$0.14 | — | — | $731.4M | — |
| FY24 | — | $1.93 | — | — | $451.8M | — |
| FY23 | — | -$0.11 | — | — | $368.2M | — |
| FY22 | — | -$0.04 | — | — | $303.4M | — |
| FY21 | — | -$0.05 | — | — | $252M | — |
| FY20 | — | $0 | — | — | $203.2M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $203.2M | $252M | $303.4M | $368.2M | $451.8M | $731.4M |
| YoY change | — | +24% | +20.4% | +21.3% | +22.7% | +61.9% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 203.2M | 252M | 303.4M | 368.2M | 451.8M | 731.4M |
| Cost of revenue | 53.3M | 67.9M | 87.8M | 107.1M | 123M | 239.2M |
| Gross profit | 150M | 184.2M | 215.6M | 261M | 328.8M | 492.1M |
| Gross margin | 73.8% | 73.1% | 71.1% | 70.9% | 72.8% | 67.3% |
| Research & development | 55.3M | 72.7M | 94.1M | 123.9M | 150.6M | 196.2M |
| Selling, general & administrative | 66.1M | 83M | 116.4M | 153.9M | 166M | 303.6M |
| Operating expenses | 170.4M | 155.7M | 210.5M | 277.8M | 316.6M | 499.8M |
| Operating income | -20.4M | 28.5M | 5.1M | -16.7M | 12.2M | -7.7M |
| Operating margin | -10% | 11.3% | 1.69% | -4.55% | 2.71% | -1.05% |
| Non-operating income, net | -56K | -10.4M | -11.6M | -12.5M | -50.9M | 3.7M |
| Pretax income | -43.3M | -7.6M | -5.3M | -22.9M | -30.1M | -49.7M |
| Income tax | 902K | 487K | 1.4M | 217K | -457.6M | -9.4M |
| Net income | -44.2M | -8.1M | -6.7M | -23.1M | 427.6M | -40.3M |
| Net margin | -21.8% | -3.21% | -2.21% | -6.27% | 94.6% | -5.5% |
| EBITDA | -18.1M | 42.3M | 10.3M | -6.8M | 24.4M | 81.5M |
| EPS | 0 | -0.05 | -0.04 | -0.11 | 1.93 | -0.14 |
| Diluted EPS | 0 | -0.05 | -0.04 | -0.11 | 1.68 | -0.14 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | 126.5M | 126.9M | 181.9M | 205.1M | 217.5M | 221.2M |
| Cost of revenue | 33.6M | 33.9M | 63.4M | 70.6M | 71.2M | 75.7M |
| Gross profit | 92.9M | 92.9M | 118.5M | 134.5M | 146.2M | 145.5M |
| Gross margin | 73.5% | 73.3% | 65.1% | 65.6% | 67.2% | 65.8% |
| Research & development | 40.9M | 37.4M | 49.8M | 52.1M | 57M | 57M |
| Selling, general & administrative | 50.8M | 48.5M | 83.3M | 75.9M | 96M | 79.5M |
| Operating expenses | 91.7M | 85.9M | 133.1M | 127.9M | 153M | 136.6M |
| Operating income | 1.2M | 7.1M | -14.6M | 6.6M | -6.7M | 9M |
| Operating margin | 0.96% | 5.58% | -8.01% | 3.2% | -3.1% | 4.06% |
| Non-operating income, net | -40.5M | -290K | 1.5M | -439K | 249K | 51K |
| Pretax income | -36.8M | 8.5M | -26.5M | -10M | -21.7M | -3.6M |
| Income tax | -457.1M | 1.6M | -2.3M | 510K | -9.1M | -809K |
| Net income | 420.3M | 6.9M | -24.2M | -10.5M | -12.5M | -2.8M |
| Net margin | 332.3% | 5.47% | -13.3% | -5.13% | -5.76% | -1.26% |
| EBITDA | 4.7M | 10.2M | 10.6M | 35.4M | 23M | 38.6M |
| EPS | 1.85 | 0.03 | -0.09 | -0.04 | -0.04 | -0.01 |
| Diluted EPS | 1.63 | 0.03 | -0.09 | -0.04 | -0.04 | -0.01 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | 4.1B | 3.5B | 4B | 6B | — | 7.3B |
| Enterprise value | — | 3.9B | 3.3B | 3.8B | 5.9B | — | 8.1B |
| Shares outstanding | 172.9M | 177.7M | 185.6M | 199.7M | 219.3M | 271.3M | 271.3M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | 14.1 | — | 14.8 |
| P/S | — | 16.2 | 11.5 | 10.9 | 13.4 | — | 8.88 |
| P/B | — | 15.6 | 10.3 | 9.76 | 5.86 | — | 3.56 |
| EV/EBITDA | — | 91.9 | 321.8 | -553.9 | 239.7 | — | 74.2 |
| EV/Sales | — | 15.4 | 10.9 | 10.3 | 13 | — | 9.79 |
| Earnings yield | — | — | — | — | 7.08% | — | 6.74% |
| FCF yield | — | -0.04% | 1.44% | 1.97% | 1.14% | — | 2.19% |
| PEG | — | — | — | — | — | — | -0.11 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 73.8% | 73.1% | 71.1% | 70.9% | 72.8% | 67.3% | 65.8% |
| Operating margin | -10% | 11.3% | 1.69% | -4.55% | 2.71% | -1.05% | 4.06% |
| Net margin | -21.8% | -3.21% | -2.21% | -6.27% | 94.6% | -5.5% | -5.82% |
| ROE | 12.8% | -3.09% | -1.98% | -5.63% | 41.5% | -1.98% | -3.13% |
| ROA | -38.3% | -2.35% | -1.39% | -4.13% | 36.6% | -1.33% | -0.08% |
| ROIC | -106.3% | 46.5% | 3.21% | -9.03% | 1.44% | -0.27% | -0.2% |
| Return on tangible assets | -38.3% | -2.35% | -2% | -5.55% | 44.3% | 4.56% | 6.01% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 2.66 | 10.3 | 5.4 | 5.15 | 4.99 | 1.83 | 2.25 |
| Quick ratio | 2.66 | 10.3 | 5.4 | 5.15 | 4.99 | 1.83 | 2.26 |
| Debt / equity | -1.23 | 0.21 | 0.23 | 0.18 | 0.07 | 0.42 | 0.42 |
| Debt / assets | 3.68 | 0.16 | 0.16 | 0.13 | 0.06 | 0.28 | 0.28 |
| Net debt / EBITDA | -20 | -4.75 | -17.5 | 32.9 | -7.52 | 9.43 | 7.24 |
| Interest coverage | -0.89 | 1.11 | — | — | — | -0.09 | -0.08 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 1.18 | 1.42 | 1.64 | 1.84 | 2.06 | 2.7 | 2.89 |
| EPS (basic) | 0 | -0.05 | -0.04 | -0.11 | 1.93 | -0.14 | -0.14 |
| EPS (diluted) | 0 | -0.05 | -0.04 | -0.11 | 1.68 | -0.14 | -0.18 |
| Book value per share | -1.99 | 1.47 | 1.82 | 2.05 | 4.7 | 7.49 | 6.89 |
| FCF per share | -0.06 | -0.01 | 0.27 | 0.4 | 0.31 | 0.57 | 0.48 |
| Cash per share | 0.35 | 1.43 | 1.38 | 1.48 | 1.16 | 0.34 | 0.27 |
| Capex per share | 0.02 | 0.03 | 0.04 | 0.03 | 0.02 | 0.04 | 0.06 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.87% | 1.99% | 2.56% | 1.53% | 1.16% | 1.58% | 2% |
| Capex / operating cash flow | -16.7% | 35.3% | 15.3% | 7.23% | 6.74% | 7.11% | 8.97% |
| Payout ratio | -391.6% | 0% | 0% | — | — | — | 0% |
| Dividend yield | — | 0% | 0% | — | — | — | — |
| $126.5M |
| $126.9M |
| $181.9M |
| $205.1M |
| $217.5M |
| $221.2M |
| YoY change | — | — | — | — | +72% | +74.4% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 61.1M | 254.6M | 255.6M | 296.2M | 255.5M | 91.2M |
| Receivables | 9.2M | 23.2M | 41.7M | 45.8M | 60M | 113.2M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 101.5M | 321.3M | 356.3M | 416M | 384.6M | 295.6M |
| Property, plant & equipment | 8.8M | 10.7M | 39.2M | 37.9M | 39.6M | 60.9M |
| Goodwill & intangibles | — | 0 | 146.5M | 142.9M | 203.7M | 3.9B |
| Total assets | 115.6M | 344.4M | 481.9M | 558.7M | 1.2B | 3B |
| Accounts payable | 1.3M | 1.4M | 3.1M | 3.1M | 2.9M | 4.1M |
| Short-term debt | 3.1M | 2.8M | 8.6M | 9.3M | 11.1M | 23.1M |
| Total current liabilities | 38.2M | 31.2M | 66M | 80.8M | 77.1M | 161.3M |
| Long-term debt | 421.8M | 51.2M | 68M | 62.8M | 60.8M | 837.2M |
| Total liabilities | 460.2M | 82.5M | 143.6M | 149.1M | 139.3M | 1B |
| Shareholders' equity | -344.6M | 261.9M | 338.4M | 409.7M | 1B | 2B |
| Total debt | 424.9M | 53.9M | 76.6M | 72.1M | 71.9M | 860.3M |
| Net debt | 363.8M | -200.7M | -174.1M | -149.7M | -105.4M | 769.1M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 78.1M | 7.7M | 71.9M | 64.1M | 91.2M | 81.5M |
| Receivables | — | — | 56.5M | 100.4M | 113.2M | 110.1M |
| Inventory | — | — | — | — | — | — |
| Total current assets | — | — | 257.6M | 250.8M | 295.6M | 294.2M |
| Property, plant & equipment | — | — | 68.2M | 66.6M | 60.9M | 82.1M |
| Goodwill & intangibles | — | — | 4B | 4B | 3.9B | 3.9B |
| Total assets | — | — | 3B | 3B | 3B | 3B |
| Accounts payable | — | — | 6.1M | 3.3M | 4.1M | 1.6M |
| Short-term debt | — | — | 21.5M | 23.5M | 23.1M | 22.2M |
| Total current liabilities | — | — | 127.7M | 127.6M | 161.3M | 130.5M |
| Long-term debt | — | — | 903.4M | 859.3M | 837.2M | 838.6M |
| Total liabilities | — | — | 1B | 989M | 1B | 972.3M |
| Shareholders' equity | — | — | 2B | 2B | 2B | 2.1B |
| Total debt | — | — | 924.9M | 882.9M | 860.3M | 860.8M |
| Net debt | — | — | 856.5M | 822.1M | 769.1M | 779.3M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -44.2M | -8.1M | -6.7M | -23.1M | 427.6M | -40.3M |
| Depreciation & amortization | 2.3M | 3.5M | 5.1M | 9.9M | 12.2M | 85.5M |
| Stock-based compensation | 24.6M | 36.7M | 65.7M | 104.4M | 103.2M | 127.9M |
| Change in working capital | -10.3M | -22.1M | -23.3M | -24.5M | -19.6M | -29.1M |
| Operating cash flow | -22.8M | 14.2M | 50.6M | 77.8M | 78.1M | 162.4M |
| Capital expenditure | -3.8M | -5M | -7.8M | -5.6M | -5.3M | -11.6M |
| Investing cash flow | -3.8M | -5M | -76.6M | -95.1M | -55.6M | -977.9M |
| Dividends paid | -173.2M | 0 | 0 | — | — | — |
| Share repurchases | -567K | -626K | 0 | 0 | — | -18.1M |
| Financing cash flow | 50.6M | 190.9M | -6.3M | -28.6M | -66.6M | 718.6M |
| Net change in cash | 24M | 200.1M | -32.3M | -45.9M | -44.2M | -96.9M |
| Free cash flow | -10.3M | -1.7M | 50.2M | 79M | 69.1M | 154.1M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Net income | 420.3M | 6.9M | -24.2M | -10.5M | -12.5M | -2.8M |
| Depreciation & amortization | 3.5M | 3.1M | 23.6M | 29.3M | 29.5M | 29.6M |
| Stock-based compensation | 28.1M | 23.7M | 37.5M | 33.5M | 33.2M | 28.6M |
| Change in working capital | -19.9M | -6.2M | 13M | -13M | -22.9M | -7.1M |
| Operating cash flow | -20.8M | 32.6M | 55.4M | 47.3M | 27.1M | 54.4M |
| Capital expenditure | -822K | -1.5M | -3M | -4.1M | -3M | -6.4M |
| Investing cash flow | -876K | 99.5M | 1.2M | -4.1M | 10.3M | -6.4M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | -9.6M | — |
| Financing cash flow | -21.1M | -27.2M | -99.2M | -42.9M | -28.1M | -19.2M |
| Net change in cash | -42.8M | 104.9M | -42.5M | 333K | 9.4M | 28.8M |
| Free cash flow | -30M | 23M | 43.9M | 44.9M | 42.3M | 11.2M |