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 | $1.21 | $1.56 | +28.9% | — | $855.2M | — |
| Q1 26 | $1.13 | $1.64 | +45.1% | — | $773.4M | — |
| Q4 25 | $1.05 | $1.65 | +57.1% | — | $742.9M | — |
| Q3 25 | $0.67 | $1.2 | +79.1% | — | $681.5M | — |
| Q2 25 | $0.83 | $1.79 | +115.7% | — | $754.5M | — |
| Q1 25 | $0.34 | $0.77 | +126.5% | — | $781.7M | — |
| Q4 24 | $0.54 | $0.32 | -40.7% | — | $583M | — |
| Q3 24 | $0.71 | $0.74 | +4.2% | — | $525.1M | — |
| Q2 24 | $0.72 | $1.2 | +66.7% | — | $600.4M | — |
| Q1 24 | $1.06 | $1.38 | +30.2% | — | $670.6M | — |
| Q4 23 | $0.65 | $1.15 | +76.9% | — | $506.2M | — |
| Q3 23 | $0.5 | $0.41 | -18.0% | — | $407.2M | — |
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 | — | $5.75 | — | — | $3B | — |
| FY24 | — | $3.81 | — | — | $2.4B | — |
| FY23 | — | $2.47 | — | — | $1.6B | — |
| FY22 | — | -$0.89 | — | — | $1.3B | — |
| FY21 | — | $1.71 | — |
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 | $739.8M | $1.3B | $1.3B | $1.6B | $2.4B | $3B |
| YoY change | — | +80.6% | -4.16% | +26.3% | +47% | +24.4% |
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 | Q1 24 | Q2 24 | Q3 24 |
|---|
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 | 739.8M | 1.3B | 1.3B | 1.6B | 2.4B | 3B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — |
| Selling, general & administrative | 22.9M | 22.5M | 20.1M | 76.7M | 61.1M | 57.2M |
| Operating expenses | 22.9M | 22.5M | 20.1M | 76.7M | 61.1M | 57.2M |
| Operating income | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | 97K | -11K | -315K | 397K | — | — |
| Pretax income | -174M | 262.2M | -26.8M | 255.2M | 621.6M | 824.9M |
| Income tax | 11.5M | 12.4M | 3.1M | -25.1M | 8.4M | -15.1M |
| Net income | -185.5M | 249.8M | -29.9M | 280.3M | 613.2M | 840M |
| Net margin | -25.1% | 18.7% | -2.34% | 17.3% | 25.8% | 28.4% |
| EBITDA | — | — | — | — | — | — |
| EPS | -1.91 | 1.71 | -0.89 | 2.47 | 3.81 | 5.75 |
| Diluted EPS | -1.91 | 1.71 | -0.89 | 2.44 | 3.67 | 5.55 |
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 | 407.2M | 506.2M | 670.6M | 600.4M | 525.1M | 583M | 781.7M | 754.5M | 681.5M | 742.9M | 773.4M | 855.2M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 18.7M | 44.9M | 11.5M | 16.3M | 14.1M | 19.3M | 13M | 12.9M | 15.3M | 16M | 11.1M | 13M |
| Operating expenses | 18.7M | 44.9M | 11.5M | 16.3M | 14.1M | 19.3M | 13M | 12.9M | 15.3M | 16M | 11.1M | 13M |
| Operating income | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 85K | 312K | — | — | — | — | — | — | — | — | — | — |
| Pretax income | 55M | 101.4M | 277.9M | 202.9M | 64.1M | 76.7M | 184.5M | 270.5M | 180.3M | 189.7M | 219.4M | 257.3M |
| Income tax | 2.4M | -32M | 592K | 2.5M | 3M | 2.3M | 3.2M | 2.7M | 3.9M | -24.9M | 2.3M | 2.5M |
| Net income | 52.6M | 133.3M | 277.3M | 200.4M | 61M | 74.4M | 181.3M | 267.8M | 176.4M | 214.6M | 217M | 254.8M |
| Net margin | 12.9% | 26.3% | 41.4% | 33.4% | 11.6% | 12.8% | 23.2% | 35.5% | 25.9% | 28.9% | 28.1% | 29.8% |
| EBITDA | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS | 0.4 | 1.18 | 1.42 | 1.24 | 0.77 | 0.33 | 0.79 | 1.85 | 1.37 | 1.74 | 1.34 | 1.45 |
| Diluted EPS | 0.4 | 1.15 | 1.38 | 1.2 | 0.74 | 0.32 | 0.77 | 1.79 | 1.32 | 1.69 | 1.31 | 1.42 |
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 | — | — | — | 1.6B | 2B | 2.8B | 3.3B |
| Enterprise value | — | — | — | 492.4M | 656.4M | 1.7B | 2.4B |
| Shares outstanding | 110M | 110M | 110M | 104.7M | 105.1M | 100.3M | 100.3M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | 5.59 | 3.26 | 3.33 | 5.82 |
| P/S | — | — | — | 0.97 | 0.84 | 0.95 | 1.1 |
| P/B | — | — | — | 0.76 | 0.86 | 0.99 | 1.15 |
| EV/EBITDA | — | — | — | — | — | — | 2.77 |
| EV/Sales | — | — | — | 0.3 | 0.28 | 0.57 | 0.81 |
| Earnings yield | — | — | — | 17.9% | 30.7% | 30% | 17.2% |
| FCF yield | — | — | — | 18.1% | 38% | 30.1% | 3.26% |
| PEG | — | — | — | — | — | — | -0.27 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 31.4% |
| Net margin | -25.1% | 18.7% | -2.34% | 17.3% | 25.8% | 28.4% | 19.6% |
| ROE | — | 14% | -1.8% | 13.7% | 26.3% | 29.8% | 31.1% |
| ROA | — | — | — | — | 7.87% | 8.78% | 5.63% |
| Return on tangible assets | — | — | — | — | 8.06% | 8.94% | 8.47% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | — | — | 1.98 |
| Debt / equity | — | 0.08 | 0.09 | 0.07 | 0.06 | 0.05 | 0.05 |
| Debt / assets | — | — | — | — | 0.02 | 0.02 | 0.01 |
| Net debt / EBITDA | — | — | — | — | — | — | -1.05 |
| Interest coverage | -8.2 | 18.6 | -0.7 | 12.9 | 28.5 | 41.9 | 44.6 |
| Effective tax rate | 0% | 4.72% | 0% | 0% | 1.35% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 6.73 | 12.1 | 11.6 | 15.4 | 22.6 | 29.5 | 30.1 |
| EPS (basic) | -1.91 | 1.71 | -0.89 | 2.47 | 3.81 | 5.75 | 5.75 |
| EPS (diluted) | -1.91 | 1.71 | -0.89 | 2.44 | 3.67 | 5.55 | 5.72 |
| Book value per share | — | 16.3 | 15.1 | 19.6 | 22.2 | 28.1 | 28.9 |
| FCF per share | 0.02 | 2.06 | 1.74 | 2.7 | 7.22 | 8.4 | 8.05 |
| Cash per share | — | 13.1 | 12.4 | 11.7 | 14.2 | 12.6 | 10.9 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | — | — | — | — | 0% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Mar 6, 2026 | $2.00 |
| — |
| $1.3B |
| — |
| FY20 | — | -$1.91 | — | — | $739.8M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $407.2M | $506.2M | $670.6M | $600.4M | $525.1M | $583M | $781.7M | $754.5M | $681.5M | $742.9M | $773.4M | $855.2M |
| YoY change | +68.7% | +95% | +100.3% | +62.4% | +28.9% | +15.2% | +16.6% | +25.7% | +29.8% | +27.4% | -1.07% | +13.4% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 1.4B | 1.4B | 1.2B | 1.5B | 1.3B |
| Receivables | 1.7B | 1.8B | 2B | 2.1B | 2.4B |
| Inventory | — | — | — | — | — |
| Total current assets | — | — | — | — | — |
| Property, plant & equipment | — | — | — | — | — |
| Goodwill & intangibles | 234M | 173.9M | 182M | 186.2M | 173.2M |
| Total assets | — | — | — | 7.8B | 9.6B |
| Accounts payable | 496M | 382.4M | 459.2M | 446.6M | 473.7M |
| Short-term debt | — | — | — | — | — |
| Total current liabilities | — | — | — | — | — |
| Long-term debt | 149.9M | 149.7M | 149.8M | 149.9M | 149.7M |
| Total liabilities | — | — | — | 5.5B | 6.7B |
| Shareholders' equity | 1.8B | 1.7B | 2B | 2.3B | 2.8B |
| Total debt | 149.9M | 149.7M | 149.8M | 149.9M | 149.7M |
| Net debt | -647.9M | -926.7M | -644.7M | -846.5M | -912.6M |
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 | 1.2B | 1.2B | 1.4B | 1.5B | 1.6B | 1.5B | 1.4B | 2B | 1.4B | 1.3B | 1.4B | 1.1B |
| Receivables | 2B | 2B | 2.2B | 2.2B | 2.2B | 2.1B | 2.3B | 2.4B | 2.4B | 2.4B | 2.7B | 2.8B |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 89.6M | 182M | 92.7M | 94.4M | 94.4M | 186.2M | 91.2M | 90.1M | 88.8M | 173.2M | 84.3M | 83.2M |
| Total assets | — | — | 7.3B | 7.6B | 7.8B | 7.8B | 8.3B | 8.9B | 9.2B | 9.6B | 9.9B | 10.3B |
| Accounts payable | 527.6M | 459.2M | 522.8M | 557.8M | 503.2M | 446.6M | 483.9M | 559.1M | 540.6M | 473.7M | 610M | 623.1M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-term debt | 149.8M | 149.8M | 149.9M | 149.9M | 149.9M | 149.9M | 150M | 149.7M | 149.7M | 149.7M | 149.8M | 149.8M |
| Total liabilities | — | — | 5.1B | 5.3B | 5.5B | 5.5B | 5.9B | 6.3B | 6.5B | 6.7B | 7.1B | 7.3B |
| Shareholders' equity | 1.8B | 2B | 2.3B | 2.3B | 2.4B | 2.3B | 2.4B | 2.6B | 2.7B | 2.8B | 2.8B | 2.9B |
| Total debt | 149.8M | 149.8M | 149.9M | 149.9M | 149.9M | 149.9M | 150M | 149.7M | 149.7M | 149.7M | 149.8M | 149.8M |
| Net debt | -654.7M | -644.7M | -935.2M | -866.7M | -807.5M | -846.5M | -688.5M | -836M | -805.4M | -912.6M | -692.7M | -567.5M |
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 | -185.5M | 249.8M | -29.9M | 280.3M | 613.2M | 840M |
| Depreciation & amortization | — | — | — | — | — | — |
| Stock-based compensation | 7.2M | 8.9M | 10.8M | 44.4M | 30.4M | 29.3M |
| Change in working capital | 47.8M | -38.9M | -192.3M | -149.6M | -20M | -134.5M |
| Operating cash flow | -127.9M | 226.9M | -198.9M | 168.5M | 627.4M | 842.4M |
| Capital expenditure | — | — | — | — | — | — |
| Investing cash flow | -180.1M | 137.8M | 133.1M | -652.1M | -184.2M | -414.1M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | -3.9M | -7.4M | -1.5M | -2.4M | -150.3M | -112.6M |
| Financing cash flow | -26.7M | -68M | -69.6M | 59M | -362.7M | -375.9M |
| Net change in cash | -334.8M | 296.8M | -135.4M | -424.6M | 80.6M | 52.4M |
| Free cash flow | 2.7M | 226.5M | 190.9M | 283.2M | 759.3M | 842.4M |
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 | 52.6M | 133.3M | 277.3M | 200.4M | 61M | 74.4M | 181.3M | 267.8M | 176.4M | 214.6M | 217M | 254.8M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 4M | 34.3M | 7.3M | 8.1M | 6.8M | 8.1M | 6.6M | 6.8M | 7.7M | 8.1M | 5.7M | 6.8M |
| Change in working capital | 59.2M | -89.2M | -85M | -49.2M | -39.4M | 153.6M | -190.4M | -35.9M | 17.7M | 74.1M | -169.8M | -81.6M |
| Operating cash flow | 119.9M | 70.6M | 202M | 158.6M | 15M | 251.7M | -11M | 218.4M | 295.6M | 293.4M | 100.8M | 125.3M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | -179M | -121.1M | 194.1M | -64.2M | -225.2M | -88.9M | -150.6M | 9.8M | -230.6M | -42.7M | -27.8M | -159M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | -199.4M | -129K |
| Share repurchases | -1K | -180K | -3.2M | -110.2M | -10M | -27M | -16.9M | -35M | -40.5M | -20.2M | -33.1M | -22.2M |
| Financing cash flow | -9.1M | 76.3M | -68.4M | -156.9M | -10M | -127.4M | -78.3M | -85.2M | -68.8M | -143.6M | -285.6M | -90.3M |
| Net change in cash | -68.2M | 25.8M | 327.8M | -62.5M | -220.2M | 35.5M | -239.9M | 142.9M | -3.7M | 107.1M | -212.6M | -123.9M |
| Free cash flow | 171.8M | 35.5M | 158.2M | 156.4M | 160.6M | 284.1M | 34.9M | 218.4M | 295.6M | 293.4M | 100.8M | 125.3M |