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 | $0.55 | $0.49 | -10.9% | — | $4.3B | — |
| Q1 26 | $1.09 | $1.22 | +11.9% | — | $4.3B | — |
| Q3 25 | $0.5 | $1.64 | +228.0% | — | $3.8B | — |
| Q2 25 | $2.11 | $2.95 | +39.8% | — | $4.2B | — |
| Q1 25 | $1.89 | $1.59 | -15.9% | — | $3.7B | — |
| Q4 24 | $1.88 | $2.94 | +56.4% | — | $3.8B | — |
| Q3 24 | $0.23 | $0.43 | +87.0% | — | $3.2B | — |
| Q2 24 | $1.42 | $2.61 | +83.8% | — | $3.6B | — |
| Q1 24 | $1.08 | $0.1 | -90.7% | — | $3.4B | — |
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 | — | -$1.75 | — | — | $16.4B | — |
| FY24 | — | $0.24 | — | — | $14B | — |
| FY23 | — | -$6.89 | — | — | $11.8B | — |
| FY22 | — | -$2.07 | — | — | $11.9B |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B | $3B | $3B | $3.5B | $7.6B | $10.5B | $11.9B | $11.8B | $14B | $16.4B |
| YoY change | +57.4% | +27.4% | +0.78% | +18% | +114.4% | +38.1% | +13.9% | -1% | +19.2% | +16.6% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.3B | 3B | 3B | 3.5B | 7.6B | 10.5B | 11.9B | 11.8B | 14B | 16.4B |
| Cost of revenue | 538M | 689.5M | 750.4M | 1.1B | 2.6B | 4.9B | 6.1B | 6.2B | 7.3B | 9B |
| Gross profit | 1.8B | 2.3B | 2.2B | 2.5B | 4.9B | 5.6B | 5.9B | 5.6B | 6.7B | 7.4B |
| Gross margin | 76.9% | 76.8% | 74.9% | 69.6% | 65.1% | 53.3% | 49.1% | 47.4% | 47.7% | 45.2% |
| Research & development | — | — | — | — | — | 634M | 552M | 765M | 820M | 991M |
| Selling, general & administrative | — | — | — | — | — | 4.2B | 4.2B | 5.4B | 5B | 5.9B |
| Operating expenses | 1.2B | 1.5B | 1.5B | 1.8B | 3.6B | 10B | 10.3B | 6.1B | 5.8B | 6.9B |
| Operating income | 191.1M | 425.2M | 414.9M | 276.4M | 216.3M | -565.1M | -110.7M | -549M | 869M | 553M |
| Operating margin | 8.2% | 14.3% | 13.9% | 7.83% | 2.86% | -5.4% | -0.93% | -4.66% | 6.19% | 3.38% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — |
| Pretax income | 18.5M | 419.4M | 349.2M | 223.9M | 1.9M | -708.5M | -371.3M | -1.1B | 16M | -121M |
| Income tax | 27.3M | 49.2M | 60.7M | 39.3M | 61.4M | 244.1M | 94.4M | 120M | -146M | 286M |
| Net income | -8.9M | 370.3M | 288.6M | 184.6M | -59.5M | -952.7M | -465.6M | -1.2B | 162M | -407M |
| Net margin | -0.38% | 12.5% | 9.65% | 5.23% | -0.79% | -9.11% | -3.91% | -10.3% | 1.15% | -2.48% |
| EBITDA | 565.8M | 790M | 675.7M | 703.6M | 1.3B | 572.6M | 1B | 795M | 2B | 1.7B |
| EPS | -0.09 | 3.43 | 3.02 | 2.36 | 0.4 | -3.19 | -2.07 | -6.89 | 0.24 | -1.75 |
| Diluted EPS | -0.09 | 3.39 | 3 | 2.35 | 0.39 | -3.19 | -2.07 | -6.89 | 0.24 | -1.75 |
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 | 2.6B | 3.3B | 3.4B | 3.6B | 3.2B | 3.8B | 3.7B | 4.2B | 3.8B | 4.7B | 4.3B | 4.3B |
| Cost of revenue | 1.4B | 1.8B | 1.8B | 1.8B | 1.8B | 2B | 2B | 2.2B | 2.2B | 2.6B | 2.5B | 2.6B |
| Gross profit | 1.2B | 1.5B | 1.6B | 1.8B | 1.5B | 1.8B | 1.7B | 2B | 1.6B | 2.1B | 1.8B | 1.7B |
| Gross margin | 45.8% | 46.2% | 47.2% | 49.2% | 46.1% | 48.2% | 46.6% | 46.8% | 42.9% | 44.5% | 42.7% | 39.6% |
| Research & development | 214M | 207M | 190M | 216M | 213M | 201M | 215M | 256M | 275M | 245M | 259M | 300M |
| Selling, general & administrative | 1.1B | 1.9B | 1.3B | 1.2B | 1.2B | 1.3B | 1.3B | 1.3B | 1.7B | 1.6B | 1.5B | 1.6B |
| Operating expenses | 1.3B | 2.1B | 1.5B | 1.4B | 1.4B | 1.5B | 1.5B | 1.6B | 1.9B | 1.9B | 1.8B | 1.9B |
| Operating income | -137M | -619M | 124M | 369M | 97M | 279M | 223M | 389M | -317M | 258M | 79M | -144M |
| Operating margin | -5.36% | -18.7% | 3.65% | 10.2% | 2.99% | 7.36% | 6.08% | 9.29% | -8.36% | 5.45% | 1.84% | -3.33% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -273M | -816M | -162M | 350M | -130M | -42M | 354M | 205M | -834M | 154M | 234M | -299M |
| Income tax | -11M | 86M | 15M | 53M | -16M | -198M | 19M | 168M | -45M | 144M | 25M | -3M |
| Net income | -262M | -902M | -177M | 297M | -114M | 156M | 335M | 37M | -789M | 10M | 209M | -296M |
| Net margin | -10.2% | -27.2% | -5.21% | 8.22% | -3.51% | 4.11% | 9.14% | 0.88% | -20.8% | 0.21% | 4.86% | -6.84% |
| EBITDA | 135M | -284M | 434M | 730M | 233M | 553M | 545M | 802M | -372M | 732M | 526M | 238M |
| EPS | -1.55 | — | -1.1 | 1.47 | -0.58 | 0.45 | 1.59 | 0.59 | -3.91 | -0.05 | 1.24 | -1.57 |
| Diluted EPS | -1.55 | — | -1.1 | 1.45 | -0.58 | 0.45 | 1.57 | 0.59 | -3.91 | -0.05 | 1.23 | -1.57 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | 10.1B | 6.8B | 9.2B | — | — | 23.8B | 31.7B | 46.5B | 38.1B | 13.3B |
| Enterprise value | — | 9.7B | 7.1B | 9.9B | — | — | 29B | 35.8B | 50.2B | 47.2B | 26B |
| Shares outstanding | 81.3M | 85.8M | 84.7M | 79.9M | 129.6M | 175.8M | 176.8M | 177M | 180M | 177M | 177M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | 27.4 | 23.6 | 49.8 | — | — | — | — | 287.2 | — | 114.9 |
| P/S | — | 3.41 | 2.27 | 2.6 | — | — | 2 | 2.69 | 3.31 | 2.32 | 0.84 |
| P/B | — | 1.36 | 1.01 | 1.33 | — | — | 1.56 | 2.79 | 4.13 | 3.92 | 1.65 |
| EV/EBITDA | — | 12.3 | 10.4 | 14.1 | — | — | 28 | 45 | 24.6 | 27.6 | 16.4 |
| EV/Sales | — | 3.27 | 2.36 | 2.8 | — | — | 2.43 | 3.04 | 3.57 | 2.88 | 1.52 |
| Earnings yield | — | 3.66% | 4.24% | 2.01% | — | — | — | — | 0.35% | — | 0.87% |
| FCF yield | — | 6.49% | 5.4% | 5.18% | — | — | 3.88% | 1.06% | 2.02% | 1.07% | -7.44% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.31 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 76.9% | 76.8% | 74.9% | 69.6% | 65.1% | 53.3% | 49.1% | 47.4% | 47.7% | 45.2% | 39.6% |
| Operating margin | 8.2% | 14.3% | 13.9% | 7.83% | 2.86% | -5.4% | -0.93% | -4.66% | 6.19% | 3.38% | -3.33% |
| Net margin | -0.38% | 12.5% | 9.65% | 5.23% | -0.79% | -9.11% | -3.91% | -10.3% | 1.15% | -2.48% | -4.39% |
| ROE | -0.13% | 4.95% | 4.29% | 2.67% | -0.32% | -5.45% | -3.05% | -10.7% | 1.44% | -4.2% | -7.87% |
| ROA | -0.11% | 4.42% | 3.49% | 2.07% | -0.2% | -3.34% | -1.46% | -4.92% | 0.66% | -1.39% | -0.18% |
| ROIC | 0% | 5.32% | 4.91% | 2.99% | 0% | -2.54% | -0.54% | -3.55% | 5.81% | 2.94% | -0.68% |
| Return on tangible assets | 0.14% | -5.83% | -4.38% | -2.83% | 0.26% | 4.81% | 2.42% | 8.28% | -1.25% | 2.48% | 5.41% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.99 | 1.12 | 0.64 | 0.41 | 0.74 | 0.95 | 0.86 | 0.88 | 0.95 | 0.95 | 0.89 |
| Quick ratio | 0.99 | 1.12 | 0.64 | 0.41 | 0.74 | 0.95 | 0.86 | 0.88 | 0.95 | 0.95 | 0.89 |
| Debt / equity | 0.05 | 0.01 | 0.07 | 0.13 | 0.3 | 0.37 | 0.6 | 0.66 | 0.65 | 1.33 | 1.34 |
| Debt / assets | 0.04 | 0.01 | 0.05 | 0.1 | 0.2 | 0.23 | 0.29 | 0.31 | 0.3 | 0.44 | 0.45 |
| Net debt / EBITDA | -0.1 | -0.53 | 0.38 | 1.02 | 3.51 | 8.31 | 4.99 | 5.17 | 1.81 | 5.32 | 8.01 |
| Interest coverage | 5.25 | 118.4 | 60.1 | 9.93 | 1.01 | -1.54 | -0.35 | -1.54 | 1.03 | 0.79 | -0.07 |
| Effective tax rate | 100% | 11.7% | 17.4% | 17.5% | 100% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 28.7 | 34.6 | 35.3 | 44.2 | 58.4 | 59.5 | 67.3 | 66.6 | 78 | 92.6 | 97.5 |
| EPS (basic) | -0.09 | 3.43 | 3.02 | 2.36 | 0.4 | -3.19 | -2.07 | -6.89 | 0.24 | -1.75 | -1.75 |
| EPS (diluted) | -0.09 | 3.39 | 3 | 2.35 | 0.39 | -3.19 | -2.07 | -6.89 | 0.24 | -1.75 | -4.26 |
| Book value per share | 82.4 | 87.1 | 79.4 | 86.5 | 145.6 | 99.4 | 86.3 | 64.2 | 62.6 | 54.8 | 50.4 |
| FCF per share | 2.37 | 7.66 | 4.33 | 5.96 | 10.4 | 1.39 | 5.22 | 1.89 | 5.23 | 2.3 | 2.89 |
| Cash per share | 4.77 | 6.08 | 2.33 | 2.23 | 9.08 | 10 | 22.4 | 19.3 | 19.9 | 21.4 | 9.32 |
| Capex per share | 0.78 | 0.78 | 0.58 | 0.91 | 0.79 | 0.38 | 0.82 | 0.9 | 0.8 | 2.88 | 3.2 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.71% | 2.25% | 1.63% | 2.06% | 1.34% | 0.64% | 1.22% | 1.35% | 1.03% | 3.11% | 3.26% |
| Capex / operating cash flow | 22.2% | 10.9% | 16.1% | 25.3% | 23.2% | -29.2% | 39.7% | -18.5% | 16% | 43.1% | 42.1% |
| Payout ratio | -2.9K% | 68.6% | 93.5% | 139.6% | — | — | — | — | — | — | 0% |
| Dividend yield | — | 2.51% | 3.97% | 2.8% | — | — | — | — | — | — | 4.34% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Sep 5, 2019 | $0.832 |
| Apr 11, 2019 | $1.745 |
| — |
| FY21 | — | -$3.19 | — | — | $10.5B | — |
| FY20 | — | $0.4 | — | — | $7.6B | — |
| FY19 | — | $2.36 | — | — | $3.5B | — |
| FY18 | — | $3.02 | — | — | $3B | — |
| FY17 | — | $3.43 | — | — | $3B | — |
| FY16 | — | -$0.09 | — | — | $2.3B | — |
| 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 | $2.6B | $3.3B | $3.4B | $3.6B | $3.2B | $3.8B | $3.7B | $4.2B | $3.8B | $4.7B | $4.3B | $4.3B |
| YoY change | — | — | +16.4% | +20.3% | +27% | +14.5% | +7.89% | +16% | +16.8% | +24.9% | +17.4% | +3.32% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 388M | 521.4M | 197.5M | 178.4M | 1.2B | 1.8B | 4B | 3.4B | 3.6B | 3.8B |
| Receivables | 16M | 8.2M | 8.1M | 14M | 20.4M | 67.1M | 146M | 90M | 98M | 190M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 574.4M | 732.7M | 595.2M | 597M | 2.5B | 3.3B | 5B | 4B | 4.3B | 4.8B |
| Property, plant & equipment | 208.1M | 231.8M | 208.2M | 492.1M | 165.3M | 134.9M | 1.2B | 471M | 1B | 1.2B |
| Goodwill & intangibles | 13.9B | 14.7B | 14.9B | 15.4B | 51.6B | 48.3B | 51B | 39.3B | 37.4B | 45.7B |
| Total assets | 7.8B | 8.4B | 8.3B | 8.9B | 29.1B | 28.5B | 31.8B | 24.6B | 24.5B | 29.3B |
| Accounts payable | 15.2M | 5.3M | 34M | 41.7M | 136.7M | 126M | 312.1M | 240M | 266M | 386M |
| Short-term debt | 310.5K | 0 | 638.8K | 484.1M | 170M | 117.4M | 192.6M | 174M | 172M | 239M |
| Total current liabilities | 578.9M | 652.6M | 923.7M | 1.5B | 3.4B | 3.5B | 5.8B | 4.5B | 4.6B | 5B |
| Long-term debt | 331.7M | 105.8M | 451.9M | 408.9M | 5.5B | 6.4B | 8.9B | 7.4B | 7.1B | 12.6B |
| Total liabilities | 1B | 906.7M | 1.5B | 2B | 10.3B | 11B | 16.5B | 13.3B | 13.2B | 19.6B |
| Shareholders' equity | 6.7B | 7.5B | 6.7B | 6.9B | 18.9B | 17.5B | 15.3B | 11.4B | 11.3B | 9.7B |
| Total debt | 332M | 105.8M | 452.6M | 893M | 5.7B | 6.5B | 9.1B | 7.5B | 7.3B | 12.9B |
| Net debt | -56.1M | -415.7M | 255M | 714.7M | 4.7B | 4.9B | 5.4B | 4.3B | 3.8B | 9.1B |
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 | 2.9B | 3.4B | 3.3B | 3.4B | 3.5B | 3.6B | 3.5B | 3.5B | 3.7B | 3.8B | 3.5B | 3.6B |
| Receivables | 70.3M | 90M | 82M | 75M | 87M | 98M | 109M | 161M | 158M | 190M | 155M | 130M |
| Inventory | — | — | 15M | — | — | — | — | — | — | — | — | — |
| Total current assets | 3.5B | 4B | 3.9B | 3.9B | 4.2B | 4.3B | 4.2B | 4.4B | 4.8B | 4.8B | 4.5B | 4.5B |
| Property, plant & equipment | — | 471M | 927M | 936M | 1B | 1B | 1B | 1.2B | 1.1B | 1.2B | 1.1B | 1.1B |
| Goodwill & intangibles | 51.5B | 39.3B | 38.9B | 38.7B | 40.3B | 37.4B | 38.4B | 48.1B | 46.1B | 45.7B | 44.7B | 44.2B |
| Total assets | 30.7B | 24.6B | 24.4B | 24.3B | 25.5B | 24.5B | 24.8B | 29.9B | 29.3B | 29.3B | 28.5B | 28.2B |
| Accounts payable | 311.1M | 240M | 265M | 234M | 270M | 266M | 359M | 350M | 402M | 386M | 427M | 341M |
| Short-term debt | 184.9M | 174M | 174M | 177M | 197M | 172M | 189M | 192M | 273M | 239M | 324M | 259M |
| Total current liabilities | 4.3B | 4.5B | 4.6B | 4.4B | 4.7B | 4.6B | 4.5B | 4.6B | 5B | 5B | 5B | 5.1B |
| Long-term debt | 8.9B | 7.4B | 7.2B | 7.1B | 7.3B | 7.1B | 7.2B | 10.4B | 12.4B | 12.6B | 12.2B | 12.3B |
| Total liabilities | 14.6B | 13.3B | 13.3B | 12.8B | 13.5B | 13.2B | 13.1B | 17.2B | 19.4B | 19.6B | 18.8B | 18.9B |
| Shareholders' equity | 16.1B | 11.4B | 11.1B | 11.5B | 12B | 11.3B | 11.8B | 12.6B | 9.9B | 9.7B | 9.7B | 9.4B |
| Total debt | 9B | 7.5B | 7.3B | 7.3B | 7.5B | 7.3B | 7.4B | 10.6B | 12.7B | 12.9B | 12.6B | 12.6B |
| Net debt | 6.4B | 4.3B | 4.2B | 4.1B | 4.1B | 3.8B | 4.1B | 7.1B | 9B | 9.1B | 9.1B | 9B |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -8.9M | 370.3M | 288.6M | 184.6M | -59.5M | -952.7M | -465.6M | -1.2B | 162M | — |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 32.3M | 44.2M | 30.2M | 28.2M | 89.4M | 614.1M | 227.8M | 190M | 202M | 260M |
| Change in working capital | -5.4M | 12.4M | -48.2M | 21.6M | 31M | -94.7M | 592.1M | -106M | -51M | -471M |
| Operating cash flow | 284.2M | 613.8M | 303.9M | 287M | 438.2M | -228.1M | 364.3M | -861M | 899M | 1.2B |
| Capital expenditure | -63M | -66.7M | -48.9M | -72.6M | -101.7M | 66.7M | -144.7M | -159M | -144M | -510M |
| Investing cash flow | 155M | -98M | -11.5M | -244.7M | 662.7M | -23.4M | -2.8B | -159M | -294M | -3.2B |
| Dividends paid | -256M | -254.1M | -269.9M | -257.7M | — | — | — | — | — | — |
| Share repurchases | 0 | -4.3M | -662.7M | -143.2M | 0 | -317.1M | -3.8M | -212M | -219M | -1.1B |
| Financing cash flow | -183.7M | -982.9M | -688.3M | -534.3M | -1.1B | 380.5M | 2.3B | -113M | -453M | 2.5B |
| Net change in cash | 255.5M | -467.1M | -395.9M | -492.1M | -42.9M | 129M | -142.8M | -1.1B | 152M | 449M |
| Free cash flow | 192.7M | 657.8M | 367.3M | 476.2M | 1.3B | 244.1M | 923.7M | 335M | 941M | 407M |
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 | -262M | -902M | -177M | 297M | -114M | 156M | 335M | 37M | -789M | 10M | 209M | -296M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 27M | 55M | 41M | 59M | 53M | 49M | 57M | 72M | 71M | 60M | 49M | 68M |
| Change in working capital | 296M | 33M | 19M | -195M | -82M | 194M | -430M | -220M | -44M | 223M | -115M | 289M |
| Operating cash flow | 34M | -701M | 100M | 117M | 21M | 648M | -188M | 359M | 209M | 428M | 330M | 363M |
| Capital expenditure | -21M | -89M | -22M | -28M | -37M | -57M | -19M | -157M | -108M | -197M | -120M | -135M |
| Investing cash flow | -21M | -89M | -129M | -53M | -70M | -57M | -15M | -2.8B | -94M | -197M | -115M | -131M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -46M | 0 | — | 0 | 0 | -219M | -244M | -355M | -245M | -279M | -135M | -129M |
| Financing cash flow | -149M | 296M | -181M | -43M | -10M | -219M | -267M | 2.5B | 1.9B | -78M | -440M | -47M |
| Net change in cash | -136M | -494M | -210M | 21M | -59M | 372M | -470M | 53M | 2B | 153M | -225M | 185M |
| Free cash flow | 434M | 172M | 185M | 171M | 112M | 473M | 88M | 156M | 25M | 138M | 153M | 189M |