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 | $0.17 | $0.79 | +364.7% | — | $144.7M | — |
| Q1 26 | $0.22 | $0.65 | +195.5% | — | $121.5M | — |
| Q4 25 | $0.49 | $0.67 | +36.7% | — | $120.4M | — |
| Q3 25 | $0.04 | $0.7 | +1650.0% | — | $120.6M | — |
| Q2 25 | -$0.4 | $0.65 | +262.5% | — | $117.3M | — |
| Q1 25 | -$1.65 | -$1.94 | -17.6% | — | $110.3M | — |
| Q4 24 | -$0.29 | $1.71 | +689.7% | — | $101.9M | — |
| Q3 24 | -$0.7 | -$0.65 | +7.1% | — | $95.5M | — |
| Q2 24 | -$1.12 | -$1.51 | -34.8% | — | $89.6M | — |
| Q1 24 | -$1.15 | -$1.16 | -0.9% | — | $85.1M | — |
| Q4 23 | -$1.65 | -$1.31 | +20.6% | — | $64.5M | — |
| Q3 23 | -$2.82 | -$2.24 | +20.6% | — | $57.7M | — |
| Q2 23 | -$2.55 | -$4.46 | -74.9% | — | $47.7M | — |
| Q1 23 | -$2.42 | -$3.01 | -24.4% | — | $39.8M | — |
| Q4 22 | -$2.63 | -$2.74 | -4.2% | — | $35.8M | — |
| Q3 22 | -$2.87 | -$5.66 | -97.2% | — | $30.7M | — |
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 | — | $2.28 | — | — | $468.6M | — |
| FY24 | — | -$1.64 | — | — | $372.1M | — |
| FY23 | — | -$11.6 | — | — | $209.7M | — |
| FY22 | — | -$14.7 | — | — | $119.7M | — |
| FY21 | — | -$34.1 | — |
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 | $51.6M | $91.2M | $119.7M | $209.7M | $372.1M | $468.6M |
| YoY change | — | +76.7% | +31.3% | +75.2% | +77.4% | +25.9% |
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 | 51.6M | 91.2M | 119.7M | 209.7M | 372.1M | 468.6M |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — |
| Selling, general & administrative | 109.2M | 151.4M | 185.8M | 172.2M | 121.9M | 100.6M |
| Operating expenses | 127.2M | 187.6M | 240.8M | 218.4M | 152.5M | 134.1M |
| Operating income | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — |
| Pretax income | -143.2M | -367.2M | -325.2M | -262.5M | -27.4M | 63.3M |
| Income tax | -1.8M | 700K | 1.3M | 500K | 1.2M | 700K |
| Net income | -141.4M | -367.9M | -326.5M | -263M | -28.6M | 62.6M |
| Net margin | -274% | -403.4% | -272.8% | -125.4% | -7.69% | 13.4% |
| EBITDA | — | — | — | — | — | — |
| EPS | -40.8 | -34.1 | -14.7 | -11.6 | -1.64 | 2.28 |
| Diluted EPS | -40.8 | -34.1 | -14.7 | -11.6 | -1.64 | 2.22 |
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 | 57.7M | 64.5M | 85.1M | 89.6M | 95.5M | 101.9M | 110.3M | 117.3M | 120.6M | 120.4M | 121.5M | 144.7M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 42.6M | 39.8M | 34.9M | 36.8M | 31M | 19.2M | 25.4M | 26.6M | 24.5M | 24.1M | 22.5M | 24.5M |
| Operating expenses | 54.5M | 49.4M | 43.2M | 44.7M | 37.9M | 26.8M | 33.3M | 34.8M | 33.3M | 32.7M | 31.9M | 34.6M |
| Operating income | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -50.6M | -39M | -32.9M | -36.5M | -5.2M | 47.1M | -45.6M | 4M | 98.1M | 6.8M | 7.2M | 11M |
| Income tax | -300K | 300K | 200K | 700K | 0 | 200K | -200K | 100K | 0 | 800K | 100K | 900K |
| Net income | -50.3M | -39.3M | -33.1M | -37.2M | -5.2M | 46.9M | -45.4M | 3.9M | 98.1M | 6M | 7.1M | 10.1M |
| Net margin | -87.2% | -60.9% | -38.9% | -41.5% | -5.45% | 46% | -41.2% | 3.32% | 81.3% | 4.98% | 5.84% | 6.98% |
| EBITDA | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS | -2.24 | — | -1.47 | -1.64 | -0.34 | 1.78 | -1.91 | 0.05 | 3.9 | 0.24 | 0.27 | 0.38 |
| Diluted EPS | -2.24 | — | -1.47 | -1.64 | -0.34 | 1.71 | -1.91 | 0.05 | 3.77 | 0.23 | 0.27 | 0.38 |
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 | — | — | — | 215M | 661.2M | 759.6M | 814.1M |
| Enterprise value | — | — | — | -171.4M | 100.3M | 340M | 547M |
| Shares outstanding | 3.5M | 10.9M | 22.7M | 23.6M | 24.7M | 25.3M | 25.3M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 12.1 | 6.5 |
| P/S | — | — | — | 1.03 | 1.78 | 1.62 | 1.59 |
| P/B | — | — | — | 0.56 | 1.81 | 1.74 | 1.73 |
| EV/EBITDA | — | — | — | — | — | — | 15.4 |
| EV/Sales | — | — | — | -0.82 | 0.27 | 0.73 | 1.08 |
| Earnings yield | — | — | — | — | — | 8.24% | 15.4% |
| FCF yield | — | — | — | -64.7% | 5.37% | -0.54% | 19.4% |
| PEG | — | — | — | — | — | — | 0.01 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 8.02% |
| Net margin | -274% | -403.4% | -272.8% | -125.4% | -7.69% | 13.4% | 23.9% |
| ROE | 70.9% | -42.7% | -55% | -68.4% | -7.83% | 14.4% | 30.3% |
| ROA | — | — | — | — | -1.85% | 3.29% | 1.04% |
| Return on tangible assets | — | — | — | — | -2.02% | 3.49% | 5.49% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | — | — | 1 |
| Debt / equity | -1.37 | — | 0.05 | 0.04 | 0.03 | 0.12 | 0.11 |
| Debt / assets | — | — | — | — | 0.01 | 0.03 | 0.02 |
| Net debt / EBITDA | — | — | — | — | — | — | -7.35 |
| Interest coverage | -4.51 | -0.85 | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 1.11% | 1.46% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 14.8 | 8.38 | 5.26 | 8.89 | 15.1 | 18.6 | 19.7 |
| EPS (basic) | -40.8 | -34.1 | -14.7 | -11.6 | -1.64 | 2.28 | 2.28 |
| EPS (diluted) | -40.8 | -34.1 | -14.7 | -11.6 | -1.64 | 2.22 | 4.71 |
| Book value per share | -57.4 | 79.2 | 26.1 | 16.3 | 14.8 | 17.3 | 17.6 |
| FCF per share | -21.5 | -13 | -7.97 | -5.9 | 1.44 | -0.16 | 2.19 |
| Cash per share | 130.1 | 72.1 | 28.2 | 17 | 23.1 | 18.7 | 11.8 |
| Capex per share | 0.12 | 0.07 | 0.22 | 1.26 | 0.01 | 0.52 | 0.5 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.78% | 0.88% | 4.09% | 14.1% | 0.08% | 2.82% | 2.6% |
| Capex / operating cash flow | -0.29% | -0.15% | -1.67% | -15.5% | -0.86% | 143.5% | 18.4% |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $91.2M |
| — |
| FY20 | — | -$40.8 | — | — | $51.6M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $57.7M | $64.5M | $85.1M | $89.6M | $95.5M | $101.9M | $110.3M | $117.3M | $120.6M | $120.4M | $121.5M | $144.7M |
| YoY change | +87.9% | +80.2% | +113.8% | +87.8% | +65.5% | +58% | +29.6% | +30.9% | +26.3% | +18.2% | +10.2% | +23.4% |
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 | 452.3M | 784.7M | 640.4M | 401.2M | 570.9M | 472M |
| Receivables | 171.2M | 323.4M | 402.5M | 432.1M | 453.1M | 597.6M |
| Inventory | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — |
| Property, plant & equipment | — | — | — | — | — | — |
| Goodwill & intangibles | 192.8M | 223.2M | 131.4M | 151.4M | 130.2M | 113.6M |
| Total assets | — | — | — | — | 1.5B | 1.9B |
| Accounts payable | 96M | 182.6M | 234.8M | 286.4M | 267.9M | 319.3M |
| Short-term debt | — | — | — | — | — | — |
| Total current liabilities | — | — | — | — | — | — |
| Long-term debt | 273M | — | 28.9M | 14.8M | 10M | 52.4M |
| Total liabilities | — | — | — | — | 1.2B | 1.5B |
| Shareholders' equity | -199.5M | 861.7M | 593.5M | 384.7M | 365.2M | 436.1M |
| Total debt | 273M | — | 28.9M | 14.8M | 10M | 52.4M |
| Net debt | -179.3M | — | -165.6M | -127.3M | -187.6M | -165.9M |
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 | 481.4M | 401.2M | 408.9M | 396.3M | 413.5M | 570.9M | 392.8M | 454M | 520.9M | 472M | 519.8M | 444.8M |
| Receivables | 453.9M | 432.1M | 445.2M | 459.8M | 439.1M | 453.1M | 499.8M | 530.9M | 559.3M | 597.6M | 681.1M | 801.9M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 141M | 151.4M | 150.2M | 149.8M | 148M | 130.2M | 127M | 123M | 114.6M | 113.6M | 111.8M | 110M |
| Total assets | — | — | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | 1.7B | 1.9B | 1.9B | 2.1B | 2.3B |
| Accounts payable | 321.7M | 286.4M | 288.5M | 273.9M | 285.6M | 267.9M | 261.5M | 322.7M | 349.2M | 319.3M | 369.1M | 410.6M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-term debt | 15.9M | 14.8M | 13.4M | 12.3M | 11.1M | 10M | 8.9M | 54M | 53.2M | 52.4M | 51.5M | 50.7M |
| Total liabilities | — | — | 1.1B | 1.2B | 1.2B | 1.2B | 1.2B | 1.4B | 1.5B | 1.5B | 1.6B | 1.9B |
| Shareholders' equity | 411.3M | 384.7M | 354.8M | 326.6M | 330.1M | 365.2M | 325.7M | 334.1M | 421.5M | 436.1M | 448.7M | 465.6M |
| Total debt | 15.9M | 14.8M | 13.4M | 12.3M | 11.1M | 10M | 8.9M | 54M | 53.2M | 52.4M | 51.5M | 50.7M |
| Net debt | -212.5M | -127.3M | -210M | -163.6M | -180.1M | -187.6M | -132M | -144.9M | -194.5M | -165.9M | -223.9M | -193.8M |
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 | -141.4M | -367.9M | -326.5M | -263M | -28.6M | 62.6M |
| Depreciation & amortization | — | — | — | — | — | — |
| Stock-based compensation | 17.2M | 24.3M | 61.9M | 57.5M | 38.2M | 29.3M |
| Change in working capital | -18.3M | -148M | -25.2M | 17.9M | -39.8M | -124.3M |
| Operating cash flow | -137.8M | -526M | -292.7M | -190.5M | -34.7M | 9.2M |
| Capital expenditure | -400K | -800K | -4.9M | -29.6M | -300K | -13.2M |
| Investing cash flow | 6.7M | -14M | -391.1M | 74.7M | 42M | -11.1M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | 0 | -1.8M | -15.6M | -14.5M |
| Financing cash flow | 515.7M | 446.3M | -6.8M | -14.6M | -40.1M | 19.3M |
| Net change in cash | 384.6M | -93.7M | -690.6M | -130.4M | -32.8M | 17.4M |
| Free cash flow | -74.8M | -141.9M | -181.2M | -139.1M | 35.5M | -4.1M |
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 | 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 | -50.3M | -39.3M | -33.1M | -37.2M | -5.2M | 46.9M | — | — | — | — | — | — |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 13.9M | 10.8M | 8.4M | 11.9M | 9M | 8.9M | — | — | — | — | — | — |
| Change in working capital | 25M | 4.2M | -21.9M | -30.8M | 27.6M | -14.7M | — | — | — | — | — | — |
| Operating cash flow | -12.9M | -24.8M | -49M | -57.9M | 29.7M | 41M | — | — | 16.9M | 3.2M | 8.5M | 43.1M |
| Capital expenditure | -200K | -400K | -100K | -100K | 0 | -100K | -100K | 100K | -3.4M | -3.5M | -3.1M | -3.2M |
| Investing cash flow | 35.3M | -17.9M | 61.8M | -24.4M | -43.9M | 29.1M | -8.2M | -18.4M | 47.5M | -25.7M | 42.6M | -77.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | — | — | 0 | -15.6M | — | — | — | 0 | — | — |
| Financing cash flow | -900K | -3.8M | -8M | -4.4M | -8.2M | -19.5M | -6M | 42.8M | -3.4M | 400K | 3.7M | 900K |
| Net change in cash | 21.5M | -46.5M | 4.8M | -86.7M | -22.4M | 50.6M | -14.2M | 24.4M | 61M | -22.1M | 54.8M | -33.1M |
| Free cash flow | -3.6M | -53M | 14.3M | -14.4M | 43.4M | -7.8M | -38.5M | 21.3M | 13.4M | -300K | 5.3M | 39.8M |