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 | $0.62 | $0.59 | -4.8% | — | $212.8M | — |
| Q1 26 | $0.4 | $0.45 | +12.5% | — | $182.3M | — |
| Q4 25 | $0.43 | $0.49 | +14.0% | — | $170.7M | — |
| Q2 25 | $0.09 | $0.7 | +677.8% | — | $139.1M | — |
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 | — | -$7.77 | — | — | $587.9M | — |
| FY24 | — | -$8.87 | — | — | $390.4M | — |
| FY23 | — | — | — | — | $292.7M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $292.7M | $390.4M | $587.9M |
| YoY change | — | +33.4% | +50.6% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.7M | $89.8M | — | $123.8M | $139.1M | $154.2M | $170.7M |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 292.7M | 390.4M | 587.9M |
| Cost of revenue | 98.6M | 90.5M | 119.6M |
| Gross profit | 194.2M | 299.9M | 468.2M |
| Gross margin | 66.3% | 76.8% | 79.6% |
| Research & development | 110.1M | 100.8M | 368.1M |
| Selling, general & administrative | 214.6M | 231M | 646.5M |
| Operating expenses | 324.7M | 331.8M | 1B |
| Operating income | -130.5M | -31.9M | -546.4M |
| Operating margin | -44.6% | -8.17% | -92.9% |
| Non-operating income, net | 22M | 20.7M | 19.1M |
| Pretax income | -108.5M | -11.3M | -527.3M |
| Income tax | -405K | 677K | 998K |
| Net income | -108.1M | -11.9M | -528.3M |
| Net margin | -36.9% | -3.06% | -89.9% |
| EBITDA | -124.9M | -26M | -541.2M |
| EPS | — | -8.87 | -7.77 |
| Diluted EPS | — | -8.87 | -7.77 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 82.7M | 89.8M | — | 123.8M | 139.1M | 154.2M | 170.7M | 182.3M | 212.8M |
| Cost of revenue | 24.8M | 23.2M | — | 23.6M | 41.3M | 28M | 26.7M | 28.1M | 28.9M |
| Gross profit | 57.9M | 66.6M | — | 100.2M | 97.8M | 126.2M | 144M | 154.2M | 183.9M |
| Gross margin | 70.1% | 74.2% | — | 80.9% | 70.3% | 81.8% | 84.4% | 84.6% | 86.4% |
| Research & development | 29.8M | 24.9M | — | 23.5M | 280M | 31.9M | 32.8M | 30.3M | 34.1M |
| Selling, general & administrative | 59.6M | 59.2M | — | 63.6M | 398.5M | 100.4M | 84M | 91.8M | 109.5M |
| Operating expenses | 89.4M | 84.2M | — | 87.1M | 678.4M | 132.3M | 116.8M | 122.2M | 143.5M |
| Operating income | -31.4M | -17.6M | — | 13.1M | -580.7M | -6.1M | 27.3M | 32.1M | 40.4M |
| Operating margin | -38% | -19.5% | — | 10.6% | -417.5% | -3.95% | 16% | 17.6% | 19% |
| Non-operating income, net | 5.1M | 5M | — | 5M | 4.7M | 4.5M | 5M | 3.9M | 4M |
| Pretax income | -26.3M | -12.6M | — | 18.1M | -576M | -1.6M | 32.2M | 35.9M | 44.4M |
| Income tax | 158K | 361K | — | 998K | -326K | 206K | 122K | 814K | 740K |
| Net income | -26.5M | -12.9M | — | 17.1M | -575.7M | -1.8M | 32.1M | 35.1M | 43.7M |
| Net margin | -32% | -14.4% | — | 13.8% | -413.8% | -1.2% | 18.8% | 19.3% | 20.5% |
| EBITDA | -29.8M | -16M | 22.3M | 14.4M | -579.3M | -4.8M | 28.5M | 33.2M | 41.5M |
| EPS | — | -0.19 | — | 1.77 | -13.1 | -0.02 | 0.39 | 0.43 | 0.55 |
| Diluted EPS | — | -0.19 | — | 1.32 | -13.1 | -0.02 | 0.37 | 0.41 | 0.52 |
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 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Market cap | — | — | — | 7.5B |
| Enterprise value | — | — | — | 7.3B |
| Shares outstanding | — | 78M | 54.6M | 54.6M |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| P/E | — | — | — | 11.6 |
| P/S | — | — | — | 10.7 |
| P/B | — | — | — | 22.3 |
| EV/EBITDA | — | — | — | 76.6 |
| EV/Sales | — | — | — | 10.2 |
| Earnings yield | — | — | — | 8.6% |
| FCF yield | — | — | — | 4.02% |
| PEG | — | — | — | -0.11 |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Gross margin | 66.3% | 76.8% | 79.6% | 86.4% |
| Operating margin | -44.6% | -8.17% | -92.9% | 19% |
| Net margin | -36.9% | -3.06% | -89.9% | 15.1% |
| ROE | -25.3% | -2.86% | -139.6% | 30.4% |
| ROA | -17.4% | -1.77% | -70.9% | 7.7% |
| ROIC | -664.1% | 82.2% | -2.4K% | -235% |
| Return on tangible assets | -21.8% | -2.18% | -86.4% | 15.7% |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Current ratio | 2.88 | 2.34 | 1.47 | 1.34 |
| Quick ratio | 2.81 | 2.3 | 1.43 | 1.3 |
| Debt / equity | 0.04 | 0.03 | 0.02 | 0.02 |
| Debt / assets | 0.03 | 0.02 | 0.01 | 0.01 |
| Net debt / EBITDA | 3.26 | 17.5 | 0.66 | -3.9 |
| Effective tax rate | 0% | 0% | 0% | 1.7% |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Revenue per share | — | 5 | 10.8 | 9.13 |
| EPS (basic) | — | -8.87 | -7.77 | -7.77 |
| EPS (diluted) | — | -8.87 | -7.77 | 8.22 |
| Book value per share | — | 5.34 | 6.94 | 4.29 |
| FCF per share | — | 0.58 | 3.03 | 3.4 |
| Cash per share | — | 5.98 | 6.67 | 4.83 |
| Capex per share | — | 0.01 | 0.1 | 0.07 |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Capex / revenue | 0.68% | 0.27% | 0.91% | 0.86% |
| Capex / operating cash flow | -2.31% | 1.69% | 3.12% | 2.13% |
| Payout ratio | — | — | — | 0% |
| $182.3M |
| $212.8M |
| YoY change | — | — | — | +49.7% | +54.9% | — | — | +47.2% | +53% |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash & short-term investments | 423.4M | 466.6M | 363.9M |
| Receivables | 29.8M | 37.7M | 51M |
| Inventory | 13.3M | 10.9M | 15.6M |
| Total current assets | 529.9M | 583.4M | 533.9M |
| Property, plant & equipment | 22.5M | 17M | 17.4M |
| Goodwill & intangibles | 127.6M | 126.8M | 133.2M |
| Total assets | 622.5M | 673.3M | 744.8M |
| Accounts payable | — | — | — |
| Short-term debt | 4.6M | 3.8M | 4.2M |
| Total current liabilities | 184.2M | 249.3M | 362.4M |
| Long-term debt | 11.1M | 7.3M | 3.8M |
| Total liabilities | 195.3M | 256.6M | 366.2M |
| Shareholders' equity | 427.3M | 416.7M | 378.5M |
| Total debt | 15.7M | 11.1M | 8M |
| Net debt | -219.2M | -289.7M | -200M |
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 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 470.7M | 413.3M | 480M | 363.9M | 315.9M | 389.4M |
| Receivables | 51.3M | 69.8M | 60M | 51M | 69.6M | 91.8M |
| Inventory | 12.8M | 14M | 13.8M | 15.6M | 14.2M | 16.8M |
| Total current assets | 618.3M | 598.4M | 658.9M | 533.9M | 540.1M | 643.4M |
| Property, plant & equipment | 15.8M | 16.3M | 16.1M | 17.4M | 17.3M | 17.8M |
| Goodwill & intangibles | 134.6M | 134.1M | 133.7M | 133.2M | 132.8M | 132.3M |
| Total assets | 712.5M | 693.7M | 769.8M | 744.8M | 728.8M | 827.4M |
| Accounts payable | — | — | — | — | — | — |
| Short-term debt | 3.9M | 4M | 4.2M | 4.2M | 4.2M | 4.3M |
| Total current liabilities | 267.5M | 314.1M | 357.1M | 362.4M | 414.5M | 481.4M |
| Long-term debt | 6.2M | 5.9M | 4.9M | 3.8M | 2.7M | 1.6M |
| Total liabilities | 273.7M | 320M | 361.9M | 366.2M | 417.2M | 483.1M |
| Shareholders' equity | 438.8M | 373.7M | 407.9M | 378.5M | 311.6M | 344.3M |
| Total debt | 10.1M | 10M | 9M | 8M | 7M | 5.9M |
| Net debt | -278.4M | -227.2M | -252.3M | -200M | -179.7M | -280.3M |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income | -108.1M | -11.9M | -528.3M |
| Depreciation & amortization | 5.6M | 6M | 5.1M |
| Stock-based compensation | 1.6M | 739K | 643M |
| Change in working capital | -7.8M | 33.6M | -15.6M |
| Operating cash flow | -85.5M | 61.4M | 171.4M |
| Capital expenditure | -2M | -1M | -5.4M |
| Investing cash flow | 4.1M | 21M | -113.1M |
| Dividends paid | — | — | — |
| Share repurchases | — | — | -65M |
| Financing cash flow | -3.5M | -2.8M | -160M |
| Net change in cash | -84.8M | 79.6M | -101.6M |
| Free cash flow | -68.5M | 45.2M | 165.4M |
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 | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -26.5M | -12.9M | 27.1M | 17.1M | -575.7M | -1.8M | 32.1M | 35.1M | 43.7M |
| Depreciation & amortization | 1.6M | 1.6M | 1.4M | 1.3M | 1.3M | 1.3M | 1.2M | 1.2M | 1.1M |
| Stock-based compensation | 304K | 306K | 14K | 7K | 591M | 34.8M | 17.2M | 11.7M | 19.1M |
| Change in working capital | -22M | 26.4M | 8.4M | -48.3M | 13.2M | 17.4M | 2M | -29.8M | 31.7M |
| Operating cash flow | -39.3M | 23.4M | 46.2M | -19.9M | 20.2M | 82.4M | 63.9M | 43.1M | 101.4M |
| Capital expenditure | -130K | -437K | -157K | -51K | -1.6M | -1.1M | -2M | -1.4M | -1.7M |
| Investing cash flow | 17M | 3.2M | -2.2M | -20.6M | 4.2M | -58.7M | -37.3M | 48.2M | 28.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | -105M | -26.5M |
| Financing cash flow | 0 | 0 | -2.5M | 4M | -331.4M | 0 | -23.3M | -113.3M | -38M |
| Net change in cash | -22.3M | 26.6M | 41.4M | -36.5M | -306.9M | 23.7M | 3.3M | -22M | 92.1M |
| Free cash flow | -33.6M | 14M | 37.3M | 4.2M | 18.4M | 81.3M | 61.5M | 41.6M | 99.6M |