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 | -$0.05 | -$0.37 | -640.0% | — | $753.2M | — |
| Q1 26 | $0.13 | -$0.19 | -246.2% | — | $608.1M | — |
| Q4 25 | $0.19 | $0.22 | +15.8% | — | $617.8M | — |
| Q3 25 | $0.23 | $0.28 | +21.7% | — | $599M | — |
| Q2 25 | $0.23 | $0.29 | +26.1% | — | $544.8M | — |
| Q1 25 | $0.23 | $0.28 | +21.7% | — | $586M | — |
| Q4 24 | $0.22 | $0.23 | +4.5% | — | $481.1M | — |
| Q3 24 | $0.15 | $0.43 | +186.7% | — | $401.6M | — |
| Q2 24 | $0.13 | $0.16 | +23.1% | — | $315.6M | — |
| Q1 24 | $0.08 | $0.1 | +25.0% | — | $278.2M | — |
| Q4 23 | $0.06 | $0.05 | -16.7% | — | $246.6M | — |
| Q3 23 | -$0.03 | -$0.04 | -33.3% | — | $226.7M | — |
| Q2 23 | -$0.05 | -$0.03 | +40.0% | — | $207.9M | — |
| Q1 23 | -$0.07 | -$0.05 | +28.6% | — | $190.8M | — |
| Q4 22 | -$0.07 | -$0.05 | +28.6% | — | $167.2M | — |
| Q3 22 | -$0.1 | -$0.09 | +10.0% | — | $144.8M | — |
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 | — | $0.57 | — | — | $2.3B | — |
| FY24 | — | $0.58 | — | — | $1.5B | — |
| FY23 | — | -$0.11 | — | — | $872M | — |
| FY22 | — | -$0.32 | — | — | $526.9M | — |
| FY21 | — | -$0.58 |
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 | $82.6M | $148.8M | $271.9M | $526.9M | $872M | $1.5B | $2.3B |
| YoY change | — | +80.2% | +82.8% | +93.8% | +65.5% | +69.3% | +59% |
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 | 82.6M | 148.8M | 271.9M | 526.9M | 872M | 1.5B | 2.3B |
| Cost of revenue | 38M | 39.3M | 67.4M | 118.2M | 157.1M | 303.4M | 614.3M |
| Gross profit | 44.6M | 109.5M | 204.5M | 408.7M | 714.9M | 1.2B | 1.7B |
| Gross margin | 54% | 73.6% | 75.2% | 77.6% | 82% | 79.5% | 73.8% |
| Research & development | — | 11.2M | 22.4M | 29.2M | 48.2M | 78.8M | 149.3M |
| Selling, general & administrative | 119M | 113.4M | 249.6M | 370.8M | 576.3M | 846.6M | 1.2B |
| Operating expenses | 119M | 124.6M | 319.5M | 477.4M | 744.4M | 1.1B | 1.6B |
| Operating income | -74.4M | -15.1M | -115M | -68.7M | -29.5M | 61.9M | 105.6M |
| Operating margin | -90.1% | -10.2% | -42.3% | -13% | -3.38% | 4.19% | 4.5% |
| Non-operating income, net | 2.8M | -2.8M | 4.2M | 3M | 7.9M | 9.8M | 18.3M |
| Pretax income | -72M | -18M | -110.8M | -65.7M | -21.6M | 71.7M | 123.9M |
| Income tax | 90K | 127K | -3.1M | -31K | 2M | -54.3M | -4.4M |
| Net income | -72.1M | -18.1M | -107.7M | -65.7M | -23.5M | 126M | 128.4M |
| Net margin | -87.3% | -12.2% | -39.6% | -12.5% | -2.7% | 8.54% | 5.47% |
| EBITDA | -72.3M | -11M | -111M | -61.2M | -19.9M | 79M | 155.7M |
| EPS | -2.07 | -0.51 | -0.58 | -0.32 | -0.11 | 0.58 | 0.57 |
| Diluted EPS | -2.07 | -0.51 | -0.58 | -0.32 | -0.11 | 0.53 | 0.51 |
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 | 226.7M | 246.6M | 278.2M | 315.6M | 401.6M | 481.1M | 586M | 544.8M | 599M | 617.8M | 608.1M | 753.2M |
| Cost of revenue | 39.4M | 42.6M | 49.1M | 59M | 83.7M | 111.6M | 155.3M | 128.6M | 156.9M | 173.4M | 211.3M | 272.4M |
| Gross profit | 187.3M | 204.1M | 229.1M | 256.6M | 317.9M | 369.5M | 430.7M | 416.2M | 442.1M | 444.4M | 396.8M | 480.8M |
| Gross margin | 82.6% | 82.7% | 82.4% | 81.3% | 79.2% | 76.8% | 73.5% | 76.4% | 73.8% | 71.9% | 65.2% | 63.8% |
| Research & development | 12.3M | 13.4M | 15.3M | 18.7M | 21.1M | 23.7M | 29.9M | 37.8M | 40.6M | 41M | 46.9M | 54.9M |
| Selling, general & administrative | 152M | 158.2M | 165.1M | 185.5M | 226.9M | 269.1M | 279.8M | 285.1M | 312.8M | 314.2M | 331.7M | 427.6M |
| Operating expenses | 195.9M | 204.5M | 219.2M | 245.6M | 295.5M | 350.9M | 372.8M | 389.5M | 430.3M | 435.2M | 475.1M | 578M |
| Operating income | -8.6M | -400K | 9.9M | 11M | 22.4M | 18.6M | 57.9M | 26.7M | 11.8M | 9.2M | -78.3M | -97.2M |
| Operating margin | -3.77% | -0.16% | 3.56% | 3.49% | 5.57% | 3.86% | 9.88% | 4.9% | 1.97% | 1.49% | -12.9% | -12.9% |
| Non-operating income, net | 1.6M | 2.6M | 2.5M | 2.4M | 1.2M | 3.7M | 2.6M | 6.1M | 416K | 9.2M | -23.2M | 4.6M |
| Pretax income | -6.9M | 2.2M | 12.4M | 13.4M | 23.6M | 22.3M | 60.5M | 32.9M | 12.2M | 18.4M | -101.6M | -92.6M |
| Income tax | 651K | 951K | 1.3M | 127K | -52M | -3.7M | 11M | -9.7M | -3.6M | -2.2M | -9.4M | -6.3M |
| Net income | -7.6M | 1.2M | 11.1M | 13.3M | 75.6M | 26M | 49.5M | 42.5M | 15.8M | 20.6M | -92.1M | -86.3M |
| Net margin | -3.34% | 0.5% | 4% | 4.21% | 18.8% | 5.41% | 8.44% | 7.8% | 2.63% | 3.33% | -15.1% | -11.5% |
| EBITDA | -6.2M | 2.3M | 12.9M | 14.7M | 26.8M | 24.7M | 66.2M | 37.2M | 29.5M | 27.3M | -46.7M | -72.5M |
| EPS | -0.04 | — | 0.05 | 0.06 | 0.35 | 0.12 | 0.22 | 0.19 | 0.07 | 0.09 | -0.4 | -0.37 |
| Diluted EPS | -0.04 | — | 0.05 | 0.06 | 0.32 | 0.11 | 0.2 | 0.17 | 0.06 | 0.08 | -0.4 | -0.37 |
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 | 344.1M | 516.2M | — | 1.3B | 1.9B | 5.2B | 7.3B | 6.7B |
| Enterprise value | 285.3M | 416M | — | 1.1B | 1.7B | 4.9B | 7.8B | 7.6B |
| Shares outstanding | 34.8M | 35.4M | 186.8M | 204.5M | 209.3M | 215.9M | 225M | 225M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 41.4 | 56.9 | 57.1 |
| P/S | 4.17 | 3.47 | — | 2.49 | 2.14 | 3.54 | 3.11 | 2.66 |
| P/B | -2.54 | -3.51 | — | 4.21 | 5.42 | 11 | 13.5 | 21.2 |
| EV/EBITDA | -3.95 | -37.9 | — | -18.6 | -82.9 | 62.4 | 50.4 | -743.8 |
| EV/Sales | 3.46 | 2.8 | — | 2.16 | 1.89 | 3.34 | 3.34 | 2.94 |
| Earnings yield | — | — | — | — | — | 2.41% | 1.76% | 1.75% |
| FCF yield | -22.3% | -1.3% | — | -2.58% | 2.52% | 3.8% | 0.79% | 12.7% |
| PEG | — | — | — | — | — | — | — | -0.19 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 54% | 73.6% | 75.2% | 77.6% | 82% | 79.5% | 73.8% | 63.8% |
| Operating margin | -90.1% | -10.2% | -42.3% | -13% | -3.38% | 4.19% | 4.5% | -12.8% |
| Net margin | -87.3% | -12.2% | -39.6% | -12.5% | -2.7% | 8.54% | 5.47% | -5.51% |
| ROE | 53.3% | 12.3% | -32.2% | -21.1% | -6.84% | 26.4% | 23.7% | -32% |
| ROA | -100% | -15.3% | -25.6% | -17.9% | -5.34% | 17.8% | 5.96% | -2.21% |
| ROIC | 38.3% | 6.13% | -123.9% | -50% | -22.1% | 33% | 9.74% | -15% |
| Return on tangible assets | -100% | -15.3% | -73.2% | -65.1% | -12.9% | 31.9% | 10.6% | -24.5% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.38 | 7.43 | 3.41 | 4.52 | 3 | 1.79 | 1.9 | 0.93 |
| Quick ratio | 3.17 | 7.19 | 3.24 | 4.07 | 2.74 | 1.5 | 1.7 | 0.87 |
| Debt / equity | -0.01 | 0 | 0.02 | 0.02 | 0.03 | 0.02 | 2.07 | 4.77 |
| Debt / assets | 0.02 | 0 | 0.01 | 0.01 | 0.02 | 0.02 | 0.52 | 0.43 |
| Net debt / EBITDA | 0.81 | 9.12 | 2.18 | 2.85 | 10.6 | -3.66 | 3.49 | -11.3 |
| Interest coverage | -194.1 | -1.5K | — | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 2.38 | 4.21 | 1.46 | 2.58 | 4.17 | 6.84 | 10.4 | 11.3 |
| EPS (basic) | -2.07 | -0.51 | -0.58 | -0.32 | -0.11 | 0.58 | 0.57 | 0.57 |
| EPS (diluted) | -2.07 | -0.51 | -0.58 | -0.32 | -0.11 | 0.53 | 0.51 | -0.64 |
| Book value per share | -3.89 | -4.15 | 1.79 | 1.52 | 1.64 | 2.21 | 2.4 | 1.39 |
| FCF per share | -2.21 | -0.19 | -0.21 | -0.17 | 0.22 | 0.92 | 0.26 | 0.27 |
| Cash per share | 1.74 | 2.83 | 1.32 | 0.88 | 1.06 | 1.39 | 2.57 | 3.6 |
| Capex per share | 0.01 | 0.05 | 0 | 0.01 | 0.08 | 0.19 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.37% | 1.17% | 0.31% | 0.52% | 1.97% | 2.82% | — | — |
| Capex / operating cash flow | -0.43% | -37.9% | -2.07% | -22.3% | 25.1% | 17.1% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $271.9M |
| — |
| FY20 | — | -$0.51 | — | — | $148.8M | — |
| FY19 | — | -$2.07 | — | — | $82.6M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $226.7M | $246.6M | $278.2M | $315.6M | $401.6M | $481.1M | $586M | $544.8M | $599M | $617.8M | $608.1M | $753.2M |
| YoY change | +56.5% | +47.5% | +45.8% | +51.8% | +77.1% | +95.1% | +110.7% | +72.6% | +49.2% | +28.4% | +3.77% | +38.2% |
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 | 60.4M | 100.2M | 247.3M | 179.6M | 221M | 300.3M | 577.5M |
| Receivables | 859K | 750K | 3.6M | 3.2M | 5.7M | 6.1M | 32.1M |
| Inventory | 4.2M | 3.5M | 13.6M | 21.6M | 22.5M | 64.4M | 80.1M |
| Total current assets | 69.6M | 113.1M | 269.9M | 216.6M | 265.1M | 395.8M | 767.6M |
| Property, plant & equipment | — | — | 5.1M | 16.1M | 45.7M | 93M | 449M |
| Goodwill & intangibles | — | 118K | 273.5M | 265.4M | 258.9M | 312.3M | 948.9M |
| Total assets | 72.1M | 118.7M | 420.6M | 366.3M | 441.2M | 707.5M | 2.2B |
| Accounts payable | 7.2M | 8.1M | 19.6M | 32.4M | 43.1M | 91.2M | 143.3M |
| Short-term debt | 1.5M | — | 1.4M | 1.7M | 1.3M | 1.9M | 4.8M |
| Total current liabilities | 20.6M | 15.2M | 79.2M | 47.9M | 88.5M | 221.4M | 404.4M |
| Long-term debt | — | 0 | 4.1M | 3.6M | 8.7M | 9.5M | 1.1B |
| Total liabilities | 207.4M | 265.6M | 86M | 54.6M | 97.2M | 230.8M | 1.6B |
| Shareholders' equity | -135.3M | -146.9M | 334.6M | 311.7M | 344M | 476.7M | 540.9M |
| Total debt | 1.5M | 0 | 5.5M | 5.3M | 9.9M | 11.3M | 1.1B |
| Net debt | -21.1M | -27.3M | -66.3M | -41.5M | -86.7M | -209.2M | 892M |
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 | 212.5M | 221M | 203.6M | 227.3M | 254.1M | 300.3M | 322.7M | 1.1B | 629.7M | 577.5M | 750.9M | 841M |
| Receivables | 4.2M | 5.7M | 6.4M | 5.6M | 4.6M | 6.1M | 6.9M | 6.7M | 41.3M | 32.1M | 149.6M | 375.3M |
| Inventory | 22M | 22.5M | 29.8M | 40.6M | 49.1M | 64.4M | 76.1M | 141.8M | 106M | 80.1M | 79.1M | 87.8M |
| Total current assets | 250.2M | 265.1M | 261.7M | 290.9M | 326.4M | 395.8M | 447M | 1.4B | 845.3M | 767.6M | 1B | 1.4B |
| Property, plant & equipment | 32.5M | 45.7M | 56.6M | 60.6M | 63M | 93M | 217.9M | 277.1M | 406.7M | 449M | 478.1M | 529.8M |
| Goodwill & intangibles | 260.4M | 258.9M | 257.5M | 256M | 315.1M | 312.3M | 322.4M | 316.8M | 908.3M | 948.9M | 1.2B | 3B |
| Total assets | 413.9M | 441.2M | 448.1M | 480.5M | 602.3M | 707.5M | 891.7M | 1.9B | 2.2B | 2.2B | 2.3B | 3.6B |
| Accounts payable | 42M | 43.1M | 43.9M | 57.1M | 75.4M | 91.2M | 108.9M | 105M | 198.4M | 143.3M | 306.9M | 501.3M |
| Short-term debt | 1.9M | 1.3M | 1.5M | 1.6M | 1.8M | 1.9M | 3.7M | 3.1M | 3.4M | 4.8M | 5.6M | 11.6M |
| Total current liabilities | 82.5M | 88.5M | 93.3M | 108.7M | 152.6M | 221.4M | 280.4M | 272.2M | 450.8M | 404.4M | 618.8M | 1.5B |
| Long-term debt | 2.8M | 8.7M | 10.3M | 9.8M | 9.6M | 9.5M | 59.6M | 1B | 1.1B | 1.1B | 1.1B | 1.5B |
| Total liabilities | 85.3M | 97.2M | 103.6M | 118.5M | 162.2M | 230.8M | 342.4M | 1.3B | 1.7B | 1.6B | 1.8B | 3.3B |
| Shareholders' equity | 328.6M | 344M | 344.5M | 362M | 440.1M | 476.7M | 549.3M | 562.7M | 581M | 540.9M | 446.2M | 324.1M |
| Total debt | 4.7M | 9.9M | 11.8M | 11.5M | 11.4M | 11.3M | 63.4M | 1B | 1.1B | 1.1B | 1.1B | 1.5B |
| Net debt | -53.3M | -86.7M | -93.4M | -117.8M | -154.2M | -209.2M | -210.4M | -80.2M | 772.2M | 892M | 909.8M | 936.4M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -72.1M | -18.1M | -107.7M | -65.7M | -23.5M | 126M | 128.4M |
| Depreciation & amortization | 260K | 1.1M | 4.1M | 7.5M | 9.5M | 17.1M | 54.5M |
| Stock-based compensation | 8M | 5.8M | 67.2M | 42.8M | 66.1M | 92.3M | 135.2M |
| Change in working capital | -7.1M | 2.4M | 58K | 1.4M | 10.7M | 67.2M | 65.7M |
| Operating cash flow | -72M | -4.6M | -40.1M | -12.2M | 68.6M | 243.9M | 300M |
| Capital expenditure | -308K | -1.7M | -832K | -2.7M | -17.2M | -41.7M | — |
| Investing cash flow | -37.8M | -37.2M | -152.1M | 39.2M | -2.8M | -8M | -782.4M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | -22M | 0 | -2M | -83M | -90M |
| Financing cash flow | 95.3M | 47M | 233M | -36.6M | -16.1M | -138.7M | 712.1M |
| Net change in cash | -14.5M | 5.2M | 40.8M | -9.5M | 49.7M | 97.2M | 229.8M |
| Free cash flow | -76.7M | -6.7M | -39.4M | -33.8M | 47M | 198.3M | 57.4M |
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 | -7.6M | 1.2M | 11.1M | 13.3M | 75.6M | 26M | 49.5M | 42.5M | 15.8M | 20.6M | -92.1M | -86.3M |
| Depreciation & amortization | 2.4M | 2.7M | 3M | 3.6M | 4.4M | 6.1M | 8.3M | 10.5M | 17.7M | 18.1M | 22M | 29.5M |
| Stock-based compensation | 17.3M | 17.8M | 19M | 24M | 24.9M | 24.3M | 24.9M | 35.7M | 40.2M | 34.5M | 36.9M | 42.1M |
| Change in working capital | 241K | 5.2M | 1.7M | 8.4M | 21.3M | 35.8M | 37.2M | -88.1M | 129.3M | -12.7M | 58.8M | -117.2M |
| Operating cash flow | 14.6M | 28M | 35.8M | 50M | 72.5M | 85.5M | 122.7M | -19.1M | 148.7M | 61.3M | 89.4M | -35.9M |
| Capital expenditure | -3.3M | -8.6M | -10.6M | -3.2M | -3.3M | -24.5M | -55.3M | — | — | — | — | — |
| Investing cash flow | -28.4M | 23.3M | 16.4M | -1.7M | -7.9M | -14.8M | -29.1M | 29.2M | -818M | -19.8M | 20.9M | 116.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | — | -28.1M | -19.9M | -30M | -5M | 0 | 0 | -9.5M | -80.5M | — | — |
| Financing cash flow | -2.7M | -4M | -35.4M | -38.1M | -40.9M | -24.4M | -26.9M | -86.4M | -42.3M | -102.2M | -82.9M | -60.5M |
| Net change in cash | -16.5M | 47.3M | 16.8M | 10.3M | 23.8M | 46.2M | 66.6M | -76.3M | -711.6M | -60.7M | 27.3M | 20.3M |
| Free cash flow | 19.3M | 10.8M | 11.9M | 47.6M | 79.4M | 59.5M | 50.1M | -69.4M | 79.4M | -2.6M | 53M | -68.2M |