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 | -$0.7 | -$0.73 | -4.3% | — | $20.2M | — |
| Q1 26 | -$1.34 | -$1.39 | -3.7% | — | $19.5M | — |
| Q4 25 | -$1.11 | -$0.77 | +30.6% | — | $33.4M | — |
| Q3 25 | -$1.24 | -$1.45 | -16.9% | — | $38.8M | — |
| Q2 25 | -$1.57 | -$1.1 | +29.9% | — | $49.6M | — |
| Q1 25 | -$1.77 | -$1.68 | +5.1% | — | $48.3M | — |
| Q4 24 | -$1.3 | -$1.21 | +6.9% | — | $43.8M | — |
| Q3 24 | -$3.32 | -$1.08 | +67.5% | — | $89M | — |
| Q2 24 | -$3.12 | -$4.4 | -41.0% | — | $56.2M | — |
| Q1 24 | -$3.2 | -$2.87 | +10.3% | — | $37.9M | — |
| Q4 23 | -$2.8 | -$2.94 | -5.0% | — | $34.8M | — |
| Q3 23 | -$0.09 | -$0.16 | -77.8% | — | $55.4M | — |
| Q2 23 | -$0.08 | -$0.09 | -12.5% | — | $80.6M | — |
| Q4 22 | -$0.21 | -$0.09 | +57.1% | — | $98.3M | — |
| Q3 22 | -$0.3 | -$0.41 | -36.7% | — | $66.4M | — |
| Q2 22 | -$0.04 | -$0.43 | -975.0% | — | $144.6M | — |
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 | — | -$5.64 | — | — | $170.2M | — |
| FY24 | — | -$10.5 | — | — | $227M | — |
| FY23 | — | -$18.4 | — | — | $251.5M | — |
| FY22 | — | -$50 | — | — | $477.7M | — |
| FY21 | — | -$54 |
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 | $54.2M | $76.7M | $313.8M | $477.7M | $251.5M | $227M | $170.2M |
| YoY change | — | +41.5% | +309.4% | +52.2% | -47.4% | -9.71% | -25.1% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 | Q4 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 | 54.2M | 76.7M | 313.8M | 477.7M | 251.5M | 227M | 170.2M |
| Cost of revenue | 0 | 15.6M | 129.7M | 204.2M | 54M | 44.5M | 47M |
| Gross profit | 54.2M | 61M | 184.1M | 273.5M | 197.4M | 182.5M | 123.2M |
| Gross margin | 100% | 79.6% | 58.7% | 57.3% | 78.5% | 80.4% | 72.4% |
| Research & development | 96.3M | 159.8M | 1.1B | 1.1B | 580.6M | 424.1M | 243.8M |
| Selling, general & administrative | 29.5M | 38.3M | 863M | 1.4B | 385M | 246.2M | 183.3M |
| Operating expenses | 125.8M | 198.1M | 2B | 2.5B | 965.6M | 670.2M | 427.1M |
| Operating income | -71.6M | -137M | -1.8B | -2.2B | -768.2M | -487.7M | -303.9M |
| Operating margin | -132.1% | -178.8% | -582.6% | -462.4% | -305.5% | -214.8% | -178.6% |
| Non-operating income, net | -51.6M | 12M | -8.1M | 67.4M | -181.9M | -98.3M | -32.3M |
| Pretax income | -119.8M | -124.8M | -1.8B | -2.1B | -892.9M | -547.5M | -313.6M |
| Income tax | 22K | 1.9M | -1.5M | -15M | -71K | -479K | -837K |
| Net income | -119.9M | -126.7M | -1.8B | -2.1B | -892.9M | -547M | -312.8M |
| Net margin | -221.2% | -165.3% | -585.2% | -440.9% | -355.1% | -240.9% | -183.8% |
| EBITDA | -81M | -113.1M | -1.9B | -2.2B | -632.9M | -382.2M | -226.8M |
| EPS | -0.08 | -0.09 | -54 | -50 | -18.4 | -10.5 | -5.64 |
| Diluted EPS | -0.08 | -0.09 | -55.6 | -50 | -18.4 | -10.5 | -5.64 |
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 | 55.4M | 34.8M | 37.9M | 56.2M | 89M | 43.8M | 48.3M | 49.6M | 38.8M | 33.4M | 19.5M | 20.2M |
| Cost of revenue | 6.9M | 6.6M | 9.2M | 13.7M | 12M | 9.6M | 12M | 14.8M | 12.8M | 7.3M | 3.1M | 1.7M |
| Gross profit | 48.5M | 28.1M | 28.7M | 42.5M | 77M | 34.2M | 36.3M | 34.8M | 26M | 26.1M | 16.4M | 18.4M |
| Gross margin | 87.5% | 81% | 75.7% | 75.6% | 86.5% | 78.1% | 75.1% | 70.1% | 67% | 78.1% | 84.1% | 91.5% |
| Research & development | 156.7M | 117M | 136.5M | 134.2M | 77M | 76.4M | 70.9M | 53.4M | 69.4M | 50.1M | 49.9M | 46.2M |
| Selling, general & administrative | 82M | 89.2M | 70.3M | 66.3M | 52.3M | 57.3M | 49M | 43.3M | 45M | 46M | 37.8M | 30.8M |
| Operating expenses | 238.7M | 206.3M | 206.7M | 200.5M | 129.3M | 133.7M | 120M | 96.6M | 114.3M | 96.1M | 87.8M | 77M |
| Operating income | -190.2M | -178.1M | -178M | -158M | -52.3M | -99.4M | -83.7M | -61.9M | -88.3M | -70M | -71.4M | -58.5M |
| Operating margin | -343.1% | -512.5% | -469.1% | -281.1% | -58.7% | -226.8% | -173.2% | -124.7% | -227.3% | -209.7% | -366.5% | -290.5% |
| Non-operating income, net | -127.8M | -47M | 411K | -69.3M | -13.8M | -15.7M | -13.3M | -4.8M | 1.8M | -16.1M | -8.4M | -1.9M |
| Pretax income | -302.9M | -211.9M | -165.9M | -217M | -56.8M | -107.9M | -90.9M | -60.6M | -80.8M | -81.4M | -76.1M | -57.2M |
| Income tax | -22K | -198K | 31K | 190K | -375K | -325K | 88K | -283K | 1K | -643K | -80K | 128K |
| Net income | -302.9M | -211.7M | -165.9M | -217.2M | -56.4M | -107.5M | -91M | -60.3M | -80.8M | -80.8M | -82.6M | -46.7M |
| Net margin | -546.4% | -609.1% | -437.3% | -386.4% | -63.3% | -245.2% | -188.2% | -121.6% | -207.9% | -241.8% | -424.1% | -231.7% |
| EBITDA | -38.5M | -242.9M | -163.5M | -72.2M | -19.7M | -126.8M | -59.4M | -41.6M | -75M | -49.2M | -57.4M | -48.2M |
| EPS | -6.21 | — | -3.2 | -4.4 | -1.08 | -2 | -1.68 | -1.1 | -1.45 | — | -1.39 | -0.75 |
| Diluted EPS | -6.21 | — | -3.2 | -4.4 | -1.08 | -2 | -1.68 | -1.1 | -1.45 | — | -1.39 | -0.75 |
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 | — | — | — | — | — | 509.6M | 460.9M | 704.4M |
| Enterprise value | — | — | — | — | — | 415.8M | 478.1M | 819.8M |
| Shares outstanding | 1.5B | 1.5B | 34M | 42M | 48.6M | 51.9M | 55.5M | 55.5M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -1.85 |
| P/S | — | — | — | — | — | 2.24 | 2.71 | 5.42 |
| P/B | — | — | — | — | — | 0.71 | 0.91 | 1.62 |
| EV/EBITDA | — | — | — | — | — | -1.09 | -2.11 | -3.13 |
| EV/Sales | — | — | — | — | — | 1.83 | 2.81 | 6.19 |
| Earnings yield | — | — | — | — | — | — | — | -53.9% |
| FCF yield | — | — | — | — | — | -75% | -38.8% | -10.3% |
| PEG | — | — | — | — | — | — | — | 0.06 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 100% | 79.6% | 58.7% | 57.3% | 78.5% | 80.4% | 72.4% | 91.5% |
| Operating margin | -132.1% | -178.8% | -582.6% | -462.4% | -305.5% | -214.8% | -178.6% | -285% |
| Net margin | -221.2% | -165.3% | -585.2% | -440.9% | -355.1% | -240.9% | -183.8% | -219.6% |
| ROE | — | -27% | -117.2% | -121.3% | -81.4% | -76.4% | -61.5% | -59.9% |
| ROA | — | -18.8% | -88.7% | -83% | -53.6% | -39.7% | -27.9% | -16.7% |
| ROIC | — | -129% | -4.5K% | -255.9% | -194.6% | -78.4% | -57.8% | -55.2% |
| Return on tangible assets | — | -19.1% | -92.5% | -95.9% | -63.7% | -44.4% | -31.1% | -32.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 5.83 | 12.8 | 8.38 | 6.11 | 5.62 | 4.92 | 4.57 |
| Quick ratio | — | 5.79 | 12.8 | 8.36 | 6.11 | 5.62 | 4.92 | 4.57 |
| Debt / equity | — | 0.04 | 0.01 | 0.25 | 0.22 | 0.65 | 0.86 | 0.96 |
| Debt / assets | — | 0.03 | 0.01 | 0.17 | 0.15 | 0.34 | 0.39 | 0.41 |
| Net debt / EBITDA | — | 3.22 | 0.81 | 0.4 | 1.11 | 0.25 | -0.08 | -0.44 |
| Interest coverage | -48.5 | -51.3 | -773.6 | -20K | -9.6K | -5.8K | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.04 | 0.05 | 9.23 | 11.4 | 5.17 | 4.38 | 3.07 | 2.26 |
| EPS (basic) | -0.08 | -0.09 | -54 | -50 | -18.4 | -10.5 | -5.64 | -5.64 |
| EPS (diluted) | -0.08 | -0.09 | -55.6 | -50 | -18.4 | -10.5 | -5.64 | -5.33 |
| Book value per share | — | 0.32 | 46.1 | 41.4 | 22.6 | 13.8 | 9.17 | 6.6 |
| FCF per share | -0.05 | -0.13 | -9.13 | -7.25 | -6.92 | -7.36 | -3.22 | -2.82 |
| Cash per share | — | 0.26 | 45.6 | 31.3 | 19.4 | 10.8 | 7.62 | 4.49 |
| Capex per share | 0.01 | 0.04 | 1.66 | 1.25 | 0.75 | 1.19 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 41% | 75.4% | 18% | 10.9% | 14.5% | 27.3% | — | — |
| Capex / operating cash flow | -22.3% | -42.1% | -17.3% | -35.5% | -6.74% | -16.3% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $313.8M |
| — |
| FY20 | — | -$0.09 | — | — | $76.7M | — |
| FY19 | — | -$0.08 | — | — | $54.2M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $55.4M | $34.8M | $37.9M | $56.2M | $89M | $43.8M | $48.3M | $49.6M | $38.8M | $33.4M | $19.5M | $20.2M |
| YoY change | -16.5% | -64.6% | -53% | -30.2% | +60.6% | +26.2% | +27.3% | -11.7% | -56.4% | -23.8% | -59.7% | -59.4% |
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 | 380.8M | 1.6B | 1.3B | 944.1M | 561.6M | 422.6M |
| Receivables | 16.7M | 131.5M | 82.5M | 17.9M | 21.9M | 24M |
| Inventory | 2.7M | 3.4M | 4.4M | 46K | — | — |
| Total current assets | 426.5M | 1.7B | 1.5B | 1B | 602.7M | 471.8M |
| Property, plant & equipment | 121.4M | 133M | 672.8M | 350.2M | 549.9M | 478.9M |
| Goodwill & intangibles | 10.3M | 85.9M | 342.5M | 264M | 145M | 113.8M |
| Total assets | 675.2M | 2.1B | 2.5B | 1.7B | 1.4B | 1.1B |
| Accounts payable | 13.9M | 8.2M | 10.5M | 9.3M | 14.2M | 10.6M |
| Short-term debt | 485K | 747K | 29.3M | 19.9M | 29M | 22.8M |
| Total current liabilities | 73.2M | 134.8M | 173M | 163.9M | 107.3M | 96M |
| Long-term debt | 16.5M | 22.3M | 413.3M | 221.8M | 438.8M | 417.1M |
| Total liabilities | 205.1M | 503.6M | 803M | 568.2M | 661.4M | 611.1M |
| Shareholders' equity | 470.1M | 1.6B | 1.7B | 1.1B | 716.1M | 508.6M |
| Total debt | 17M | 23M | 442.6M | 241.8M | 467.7M | 439.9M |
| Net debt | -363.8M | -1.5B | -873.2M | -702.3M | -93.8M | 272.7M |
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 | 1B | 944.1M | 840.4M | 730.4M | 616.2M | 561.6M | 516.9M | 473.7M | 461.9M | 422.6M | 373.5M | 302.2M |
| Receivables | 61.9M | 17.9M | 24.2M | 18.6M | 23.4M | 21.9M | 26.3M | 22.2M | 21.4M | 24M | 19.8M | 13M |
| Inventory | 70K | 46K | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.1B | 1B | 903M | 783.4M | 662.5M | 602.7M | 564.5M | 523M | 506.1M | 471.8M | 410M | 332.5M |
| Property, plant & equipment | 496.3M | 350.2M | 369.2M | 580.5M | 568.8M | 549.9M | 532.9M | 512.4M | 495M | 478.9M | 467.1M | 455.1M |
| Goodwill & intangibles | 316.4M | 264M | 250.6M | 181.2M | 159.1M | 145M | 137.5M | 132.3M | 123M | 113.8M | 97.7M | 88.8M |
| Total assets | 2B | 1.7B | 1.6B | 1.6B | 1.5B | 1.4B | 1.3B | 1.2B | 1.2B | 1.1B | 1B | 990M |
| Accounts payable | 10.8M | 9.3M | 27M | 23M | 15.7M | 14.2M | 11.3M | 11.2M | 10.7M | 10.6M | 16.3M | 9.6M |
| Short-term debt | — | 19.9M | — | — | — | 29M | — | — | — | 22.8M | — | — |
| Total current liabilities | 168.5M | 163.9M | 169M | 166.2M | 114.4M | 107.3M | 115.7M | 96.7M | 115.3M | 96M | 79.6M | 72.7M |
| Long-term debt | 403.7M | 221.8M | 234.5M | 452.3M | 445.6M | 438.8M | 434.6M | 428.8M | 422.9M | 417.1M | 410.7M | 404.1M |
| Total liabilities | 773.7M | 568.2M | 594.5M | 792.2M | 682.9M | 661.4M | 646M | 618.1M | 629.4M | 611.1M | 589.9M | 569.8M |
| Shareholders' equity | 1.3B | 1.1B | 987.3M | 833.1M | 797.9M | 716.1M | 647.4M | 613M | 559.8M | 508.6M | 443.2M | 420.3M |
| Total debt | 403.7M | 241.8M | 234.5M | 452.3M | 445.6M | 467.7M | 434.6M | 428.8M | 422.9M | 439.9M | 410.7M | 404.1M |
| Net debt | -645.6M | -702.3M | -605.9M | -278.1M | -170.6M | -93.8M | 122.1M | 225.3M | 311.8M | 272.7M | 266.8M | 319.6M |
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 | -119.9M | -126.7M | -1.8B | -2.1B | -892.9M | -547M | -312.8M |
| Depreciation & amortization | 10.8M | 13.9M | 29.1M | 44.4M | 71.6M | 63M | 59M |
| Stock-based compensation | 771K | 476K | 1.6B | 1.9B | 229.9M | 112.3M | 81.5M |
| Change in working capital | 10.4M | -23.8M | -103.4M | 11.3M | 2.5M | -59.3M | -49.2M |
| Operating cash flow | -99.5M | -137.3M | -325.8M | -147.2M | -539.9M | -378.7M | -171.1M |
| Capital expenditure | -22.2M | -57.8M | -56.5M | -52.3M | -36.4M | -61.9M | — |
| Investing cash flow | -74.6M | -67.1M | -73.3M | -67.4M | -80.7M | -62.2M | -233.2M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -408K | 0 | -25M | 0 | 0 | — | — |
| Financing cash flow | 410.4M | 90.3M | 1.5B | 95.1M | -3.3M | -1.8M | 17.8M |
| Net change in cash | 236.2M | -114.1M | 1.1B | -119.5M | -623.9M | -442.8M | -386.5M |
| Free cash flow | -66.9M | -193.7M | -310.3M | -304.5M | -336.3M | -382.1M | -178.7M |
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 | -302.9M | -211.7M | -165.9M | -217.2M | -56.4M | -107.5M | -91M | -67.9M | -95.5M | -80.8M | -76.1M | -57.3M |
| Depreciation & amortization | 21.1M | 13.9M | 12.9M | 17.3M | 17.2M | 15.7M | 15.4M | 16.3M | 15.3M | 13.7M | 12.8M | 12.3M |
| Stock-based compensation | 52.6M | 42.8M | 40.8M | 37.1M | 13.9M | 20.6M | 20.4M | 25.3M | 24.3M | 21M | 15.9M | 7.6M |
| Change in working capital | -10.3M | 28.2M | -11.7M | 5.3M | -57.8M | 36M | -18.4M | -11.7M | -12.8M | -28.8M | -8.5M | -10.4M |
| Operating cash flow | -228.9M | -118.8M | -102.9M | -141.3M | -75.7M | -26.8M | -62.1M | -40.3M | -31.6M | -47.7M | -46.7M | -44.3M |
| Capital expenditure | -4.3M | -2M | -6.7M | -26.8M | -14.5M | -13.7M | -7.6M | — | — | — | — | — |
| Investing cash flow | -3.4M | -46.7M | -12.1M | -26.8M | -10.2M | -13.1M | -198.7M | -63.9M | -72.8M | 94.5M | 25.1M | 13.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -370K | -725K | -915K | -240K | -465K | -203K | -207K | -98K | -24K | 8.1M | -19K | 0 |
| Net change in cash | -232.6M | -166.2M | -115.9M | -168.4M | -86.3M | -40.1M | -261M | -104.2M | -104.4M | 55M | -21.6M | -30.6M |
| Free cash flow | -77.9M | -61.3M | -96M | -111.4M | -118.6M | -56.1M | -59.1M | -40.3M | -31.6M | -47.7M | -48.6M | -46.9M |