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 | $3.02 | $3.26 | +7.9% | — | $911.7M | — |
| Q1 26 | $2.47 | $2.72 | +10.1% | — | $881M | — |
| Q4 25 | $2.99 | $3.09 | +3.3% | — | $846.7M | — |
| Q3 25 | $2.59 | $2.66 | +2.7% | — | $809.5M | — |
| Q2 25 | $2.12 | $2.19 | +3.3% | — | $760.9M | — |
| Q1 25 | $1.76 | $1.78 | +1.1% | — | $714.1M | — |
| Q4 24 | $2.2 | $2.32 | +5.5% | — | $703.2M | — |
| Q3 24 | $1.91 | $2.18 | +14.1% | — | $669.7M | — |
| Q2 24 | $1.64 | $1.94 | +18.3% | — | $637.2M | — |
| Q1 24 | $1.5 | $1.68 | +12.0% | — | $617.4M | — |
| Q4 23 | $1.55 | $1.76 | +13.5% | — | $581.9M | — |
| Q3 23 | $1.24 | $1.59 | +28.2% | — | $557.6M | — |
| Q2 23 | $1 | $1.34 | +34.0% | — | $529.1M | — |
| Q1 23 | $0.83 | $1.2 | +44.6% | — | $501.6M | — |
| Q4 22 | $0.82 | $1.11 | +35.4% | — | $469.7M | — |
| Q3 22 | $0.51 | $0.69 | +35.3% | — | $444M | — |
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 | — | $0.88 | — | — | $3.1B | — |
| FY24 | — | $0.09 | — | — | $2.6B | — |
| FY23 | — | -$3.53 | — | — | $2.2B | — |
| FY22 | — | -$2.35 | — | — | $1.7B |
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 | $271M | $375.6M | $513M | $674.9M | $883M | $1.3B | $1.7B | $2.2B | $2.6B | $3.1B |
| YoY change | +48.9% | +38.6% | +36.6% | +31.6% | +30.8% | +47.3% | +33.1% | +25.4% | +21.1% | +19.2% |
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 | 271M | 375.6M | 513M | 674.9M | 883M | 1.3B | 1.7B | 2.2B | 2.6B | 3.1B |
| Cost of revenue | 61.9M | 75.7M | 100.4M | 130M | 167M | 258.9M | 314.3M | 345.5M | 393.3M | 508.5M |
| Gross profit | 209.1M | 299.9M | 412.6M | 544.9M | 716.1M | 1B | 1.4B | 1.8B | 2.2B | 2.6B |
| Gross margin | 77.2% | 79.8% | 80.4% | 80.7% | 81.1% | 80.1% | 81.8% | 84.1% | 85% | 83.8% |
| Research & development | 46M | 70.4M | 117.6M | 158.2M | 205.6M | 302M | 442M | 617.7M | 778.7M | 905.9M |
| Selling, general & administrative | 207.8M | 269.6M | 343.3M | 433.7M | 561.3M | 794.6M | 1.1B | 1.3B | 1.5B | 1.7B |
| Operating expenses | 253.8M | 340M | 460.9M | 591.9M | 766.9M | 1.1B | 1.5B | 1.9B | 2.3B | 2.6B |
| Operating income | -44.7M | -40.1M | -48.3M | -47M | -50.8M | -54.8M | -109.1M | -111.2M | -63.6M | 11.4M |
| Operating margin | -16.5% | -10.7% | -9.41% | -6.96% | -5.76% | -4.21% | -6.3% | -5.12% | -2.42% | 0.36% |
| Non-operating income, net | -956K | -559K | -1.5M | -393K | -711K | 10.1M | -6.8M | -101.5M | 13.3M | -7.3M |
| Pretax income | -45M | -50M | -62M | -50.8M | -80.8M | -73.8M | -104.7M | -157.7M | 28.7M | 69.5M |
| Income tax | 533K | -10.3M | 1.9M | 3M | 4.2M | 4M | 8.1M | 18.6M | 24M | 23.6M |
| Net income | -45.6M | -39.7M | -63.8M | -53.7M | -85M | -77.8M | -112.7M | -176.3M | 4.6M | 45.9M |
| Net margin | -16.8% | -10.6% | -12.4% | -7.96% | -9.63% | -5.98% | -6.51% | -8.12% | 0.18% | 1.47% |
| EBITDA | -33.6M | -21.1M | -17.1M | 838K | -6.7M | 1.6M | -42.8M | 15.6M | 133.2M | 210.7M |
| EPS | -1.29 | -1.08 | -1.66 | -1.28 | -1.9 | -1.66 | -2.35 | -3.53 | 0.09 | 0.88 |
| Diluted EPS | -1.29 | -1.08 | -1.66 | -1.28 | -1.9 | -1.66 | -2.35 | -3.53 | 0.09 | 0.86 |
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 | 557.6M | 581.9M | 617.4M | 637.2M | 669.7M | 703.2M | 714.1M | 760.9M | 809.5M | 846.7M | 881M | 911.7M |
| Cost of revenue | 85.6M | 88.6M | 95.1M | 95.5M | 99.3M | 103.3M | 115.1M | 122.2M | 133.5M | 137.7M | 145.7M | 160.9M |
| Gross profit | 471.9M | 493.3M | 522.3M | 541.7M | 570.4M | 599.8M | 599M | 638.7M | 676M | 709M | 735.3M | 750.9M |
| Gross margin | 84.6% | 84.8% | 84.6% | 85% | 85.2% | 85.3% | 83.9% | 83.9% | 83.5% | 83.7% | 83.5% | 82.4% |
| Research & development | 156.9M | 163.2M | 175.6M | 198.2M | 191.2M | 213.7M | 220.1M | 237.3M | 227.7M | 220.8M | 234.2M | 225.8M |
| Selling, general & administrative | 332.8M | 350.8M | 369.1M | 366.4M | 387.9M | 395.8M | 405.3M | 424.9M | 436M | 439.2M | 472.1M | 480.6M |
| Operating expenses | 489.6M | 514.1M | 544.8M | 564.6M | 579M | 609.5M | 625.4M | 662.2M | 663.7M | 660M | 706.3M | 706.5M |
| Operating income | -17.7M | -20.8M | -22.5M | -22.9M | -8.6M | -9.7M | -26.4M | -23.5M | 12.3M | 49.1M | 29M | 44.4M |
| Operating margin | -3.18% | -3.57% | -3.64% | -3.59% | -1.29% | -1.37% | -3.7% | -3.09% | 1.52% | 5.79% | 3.3% | 4.87% |
| Non-operating income, net | -2.5M | -6.1M | 12.4M | 707K | -1.6M | 1.8M | -3.4M | -11K | -3.4M | -512K | -2.4M | -3.8M |
| Pretax income | -5M | -9.2M | 7.7M | -2.7M | 10.6M | 13M | -9.9M | -5.5M | 23.1M | 61.7M | 39.3M | 49.6M |
| Income tax | -1.4M | 4.4M | 1.8M | 11.8M | 2.5M | 8M | 11.9M | -2.2M | 6.6M | 7.2M | 6.7M | 6.2M |
| Net income | -3.6M | -13.6M | 5.9M | -14.4M | 8.1M | 5M | -21.8M | -3.3M | 16.5M | 54.4M | 32.6M | 43.3M |
| Net margin | -0.64% | -2.34% | 0.96% | -2.27% | 1.22% | 0.71% | -3.05% | -0.43% | 2.04% | 6.43% | 3.7% | 4.75% |
| EBITDA | 17.3M | 14.5M | 30.7M | 21.5M | 37.6M | 43.5M | 20.7M | 29.1M | 59.9M | 101M | 80.9M | 95.4M |
| EPS | -0.07 | — | 0.12 | -0.28 | 0.16 | 0.1 | -0.42 | -0.06 | 0.31 | 1.04 | 0.62 | 0.86 |
| Diluted EPS | -0.07 | — | 0.12 | -0.28 | 0.16 | 0.09 | -0.42 | -0.06 | 0.31 | 1.04 | 0.62 | 0.86 |
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 | 1.7B | 3.3B | 4.8B | 6.7B | 17.7B | 30.9B | 13.9B | 29B | 35.7B | 21.1B | 10.1B |
| Enterprise value | 1.5B | 3B | 4.6B | 6.3B | 17.3B | 30.4B | 13.3B | 28.4B | 34.3B | 19.6B | 9.6B |
| Shares outstanding | 35.2M | 36.8M | 38.5M | 42M | 44.8M | 46.9M | 48.1M | 49.9M | 51.2M | 52.5M | 52.5M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 7.7K | 458.5 | 76.3 |
| P/S | 6.11 | 8.67 | 9.44 | 9.87 | 20.1 | 23.8 | 8.03 | 13.3 | 13.6 | 6.72 | 3.09 |
| P/B | 13.9 | 15.5 | 19.8 | 10.2 | 23.3 | 35.4 | 14 | 21.9 | 18.7 | 10.2 | 6.41 |
| EV/EBITDA | -45.9 | -144.7 | -266.6 | 7.5K | -2.6K | 18.7K | -310.7 | 1.8K | 257.7 | 93.1 | 61 |
| EV/Sales | 5.69 | 8.12 | 8.91 | 9.35 | 19.6 | 23.4 | 7.68 | 13.1 | 13.1 | 6.26 | 2.77 |
| Earnings yield | — | — | — | — | — | — | — | — | 0.01% | 0.22% | 1.31% |
| FCF yield | -0.13% | 0.68% | 1.06% | 0.98% | 0.17% | 0.57% | 1.31% | 0.87% | 1.32% | 2.74% | 6.59% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.05 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 77.2% | 79.8% | 80.4% | 80.7% | 81.1% | 80.1% | 81.8% | 84.1% | 85% | 83.8% | 82.4% |
| Operating margin | -16.5% | -10.7% | -9.41% | -6.96% | -5.76% | -4.21% | -6.3% | -5.12% | -2.42% | 0.36% | 4.87% |
| Net margin | -16.8% | -10.6% | -12.4% | -7.96% | -9.63% | -5.98% | -6.51% | -8.12% | 0.18% | 1.47% | 4.26% |
| ROE | -38.4% | -18.9% | -26.1% | -8.27% | -11.1% | -8.91% | -11.4% | -13.4% | 0.24% | 2.22% | 7.89% |
| ROA | -17.5% | -5.58% | -7.65% | -3.42% | -4.31% | -3.58% | -4.43% | -5.74% | 0.12% | 1.19% | 2.36% |
| ROIC | -823.9% | -899.1% | 167.4% | -15.8% | -16.9% | -14.1% | -28.3% | -15.5% | -1.76% | 1.21% | 20.5% |
| Return on tangible assets | -20.1% | -6.09% | -8.3% | -3.7% | -4.62% | -3.93% | -4.92% | -7.26% | 0.15% | 1.66% | 6.27% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.38 | 3.38 | 3.01 | 3.44 | 3.27 | 2.35 | 2.3 | 1.96 | 1.67 | 1.67 | 1.38 |
| Quick ratio | 1.38 | 3.38 | 3.01 | 3.44 | 3.27 | 2.35 | 2.3 | 1.96 | 1.67 | 1.67 | 1.38 |
| Debt / equity | 0.01 | 1.42 | 1.3 | 0.94 | 1.03 | 0.82 | 0.81 | 0.6 | 0.39 | 0.13 | 0.14 |
| Debt / assets | 0 | 0.42 | 0.38 | 0.39 | 0.4 | 0.33 | 0.32 | 0.26 | 0.2 | 0.07 | 0.07 |
| Net debt / EBITDA | 3.37 | 9.77 | 15.9 | -421.4 | 69 | -298.8 | 14.2 | -38.5 | -9.94 | -6.84 | -3.26 |
| Interest coverage | -168.9 | -2.8 | -1.9 | -1.23 | -1.18 | -1.44 | -26.8 | -40.5 | 8.71 | 80.3 | 270.6 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 83.9% | 33.9% | 15.4% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 7.7 | 10.2 | 13.3 | 16.1 | 19.7 | 27.7 | 36 | 43.5 | 51.3 | 59.7 | 66.3 |
| EPS (basic) | -1.29 | -1.08 | -1.66 | -1.28 | -1.9 | -1.66 | -2.35 | -3.53 | 0.09 | 0.88 | 0.88 |
| EPS (diluted) | -1.29 | -1.08 | -1.66 | -1.28 | -1.9 | -1.66 | -2.35 | -3.53 | 0.09 | 0.86 | 2.8 |
| Book value per share | 3.37 | 5.71 | 6.35 | 15.5 | 17 | 18.6 | 20.6 | 26.5 | 37.3 | 39.4 | 33.4 |
| FCF per share | -0.06 | 0.6 | 1.33 | 1.55 | 0.67 | 3.77 | 3.77 | 5.03 | 9.18 | 11 | 13 |
| Cash per share | 3.25 | 13.7 | 15.4 | 22.9 | 28 | 25.5 | 29.4 | 27.8 | 40.4 | 32.5 | 26.8 |
| Capex per share | 0.45 | 0.55 | 0.58 | 0.96 | 0.83 | 0.61 | 0.78 | 0.68 | 0.74 | 2.49 | 2.75 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 5.83% | 5.4% | 4.35% | 5.98% | 4.22% | 2.21% | 2.16% | 1.55% | 1.44% | 4.17% | 4.03% |
| Capex / operating cash flow | 73.8% | 43% | 32.5% | 35.2% | 53% | 15.9% | 15.3% | 10.9% | 7.14% | 17.2% | 16.2% |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$1.66 | — | — | $1.3B | — |
| FY20 | — | -$1.9 | — | — | $883M | — |
| FY19 | — | -$1.28 | — | — | $674.9M | — |
| FY18 | — | -$1.66 | — | — | $513M | — |
| FY17 | — | -$1.08 | — | — | $375.6M | — |
| FY16 | — | -$1.29 | — | — | $271M | — |
| 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 | $557.6M | $581.9M | $617.4M | $637.2M | $669.7M | $703.2M | $714.1M | $760.9M | $809.5M | $846.7M | $881M | $911.7M |
| YoY change | +25.6% | +23.9% | +23.1% | +20.4% | +20.1% | +20.8% | +15.7% | +19.4% | +20.9% | +20.4% | +23.4% | +19.8% |
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 | 114.3M | 504.3M | 592.3M | 961.5M | 1.3B | 1.2B | 1.4B | 1.4B | 2.1B | 1.7B |
| Receivables | 39M | 60.7M | 77.1M | 92.5M | 126.4M | 157.4M | 226.8M | 295.3M | 334.8M | 419.1M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 176.3M | 602.5M | 712.4M | 1.1B | 1.5B | 1.5B | 1.8B | 1.9B | 2.6B | 2.4B |
| Property, plant & equipment | 30.2M | 43.3M | 52.5M | 318M | 377M | 377M | 424.5M | 354.4M | 330.4M | 342.7M |
| Goodwill & intangibles | 32.6M | 60M | 65.2M | 117.6M | 133.1M | 195M | 254.9M | 644.6M | 803.1M | 1.1B |
| Total assets | 259.8M | 712.2M | 834M | 1.6B | 2B | 2.2B | 2.5B | 3.1B | 3.8B | 3.9B |
| Accounts payable | 4.3M | 4.7M | 7.8M | 12.8M | 13.5M | 2.8M | 20.9M | 9.1M | 3.6M | 24.8M |
| Short-term debt | 796K | — | — | 23.6M | 37.9M | 46M | 35.9M | 35M | 490.9M | 39.7M |
| Total current liabilities | 127.4M | 178.3M | 237M | 322.5M | 445.5M | 617.5M | 761.7M | 956.2M | 1.6B | 1.5B |
| Long-term debt | 275K | 298.4M | 318.8M | 584.8M | 750.8M | 667M | 770.4M | 752.8M | 254.5M | 222.6M |
| Total liabilities | 141.1M | 501.8M | 589.3M | 919.3M | 1.2B | 1.3B | 1.6B | 1.8B | 1.9B | 1.8B |
| Shareholders' equity | 118.7M | 210.4M | 244.6M | 650M | 762.7M | 873.8M | 992.2M | 1.3B | 1.9B | 2.1B |
| Total debt | 1.1M | 298.4M | 318.8M | 608.4M | 788.6M | 713M | 806.3M | 787.8M | 745.4M | 262.3M |
| Net debt | -58.6M | 210.8M | 207.3M | 338.7M | 410.5M | 336M | 475.3M | 399.8M | 232.7M | -619.9M |
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 | 1.1B | 1B | 1.1B | 937.8M | 1.5B | 1.6B | 1.4B | 1.1B | 1.5B | 1.7B | 1.7B | 1.3B |
| Receivables | — | — | — | — | — | — | — | — | 314.5M | 419.1M | 354.9M | 378.4M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 2.1B | 2.4B | 2.4B | 2.1B |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 344.6M | 342.7M | 342.3M | 342.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 1B | 1.1B | 1.1B | 1.2B |
| Total assets | — | — | — | — | — | — | — | — | 3.5B | 3.9B | 3.8B | 3.5B |
| Accounts payable | — | — | — | — | — | — | — | — | 24.9M | 24.8M | 53.4M | 26M |
| Short-term debt | — | — | — | — | — | — | — | — | 38.7M | 39.7M | 37.1M | 38.1M |
| Total current liabilities | — | — | — | — | — | — | — | — | 1.3B | 1.5B | 1.5B | 1.5B |
| Long-term debt | — | — | — | — | — | — | — | — | 233.2M | 222.6M | 210.2M | 198.8M |
| Total liabilities | — | — | — | — | — | — | — | — | 1.6B | 1.8B | 1.8B | 1.8B |
| Shareholders' equity | — | — | — | — | — | — | — | — | 1.9B | 2.1B | 2B | 1.7B |
| Total debt | — | — | — | — | — | — | — | — | 271.9M | 262.3M | 247.3M | 236.9M |
| Net debt | — | — | — | — | — | — | — | — | -342.4M | -619.9M | -696.6M | -721.4M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -45.6M | -39.7M | -63.8M | -53.7M | -85M | -77.8M | -112.7M | -176.3M | 4.6M | 45.9M |
| Depreciation & amortization | 11.2M | 15.8M | 23.4M | 28.8M | 37.1M | 45.2M | 58.1M | 72.7M | 96.8M | 136.3M |
| Stock-based compensation | 32.7M | 47.3M | 76.3M | 97.8M | 121.5M | 166.8M | 275.8M | 432.3M | 504.8M | 528.2M |
| Change in working capital | 18.6M | 19.5M | 16.8M | 35M | 26.8M | 52.4M | 32.1M | -50.6M | -27.9M | 11.6M |
| Operating cash flow | 21.4M | 47.1M | 68.6M | 114.6M | 70.4M | 180.7M | 244.1M | 309.6M | 531.4M | 760.7M |
| Capital expenditure | -15.8M | -20.3M | -22.3M | -40.4M | -37.3M | -28.7M | -37.4M | -33.7M | -37.9M | -130.6M |
| Investing cash flow | -17.2M | -394.1M | -60.1M | -302.7M | -194M | -146.4M | -265.3M | -268.2M | -425M | 545.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | -500M |
| Financing cash flow | -3.1M | 383.8M | -8.8M | 335.8M | 519.6M | -98M | -32.5M | -10.7M | -22M | -981.4M |
| Net change in cash | 1.1M | 36.8M | -271K | 147.7M | 396M | -63.7M | -53.7M | 30.6M | 84.4M | 324.5M |
| Free cash flow | -2.2M | 22.3M | 51.4M | 65.1M | 30M | 176.9M | 181.4M | 250.7M | 469.8M | 576.7M |
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 | -3.6M | -13.6M | 5.9M | -14.4M | 8.1M | 5M | -21.8M | -3.3M | 16.5M | 54.4M | 32.6M | 43.3M |
| Depreciation & amortization | 20.5M | 19.2M | 21.2M | 22.2M | 25M | 28.4M | 28.8M | 33.2M | 35.7M | 38.6M | 40.2M | 44.4M |
| Stock-based compensation | 107.5M | 113.7M | 111.1M | 129M | 130.3M | 134.4M | 116.7M | 141M | 138.1M | 132.4M | 115.7M | 128.5M |
| Change in working capital | -22.5M | -39.3M | 32M | -12.3M | -30.7M | -16.8M | 74.9M | -26.3M | -11.4M | -25.6M | 99.6M | -50.7M |
| Operating cash flow | 91.1M | 70.4M | 158M | 114.4M | 119.2M | 139.8M | 185M | 164.4M | 187.4M | 247.4M | 198.8M | 222.8M |
| Capital expenditure | -10.8M | -8.7M | -5.9M | -8.2M | -11.1M | -12.7M | -13.3M | -35.4M | -34.5M | -30.3M | -34.3M | -40M |
| Investing cash flow | 2.7M | -249.2M | -52.5M | 232.7M | -545.7M | -61.4M | 53M | 284.9M | 180.6M | 43.8M | 80.5M | 345.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | -125M | -360.3M | -14.7M | -206.7M | -536.2M |
| Financing cash flow | -3.5M | -3.2M | -8.8M | -4.7M | -4.3M | -4.2M | -99.6M | -499M | -364.6M | -18.1M | -212.5M | -538.4M |
| Net change in cash | 90.4M | -182M | 96.8M | 342.3M | -430.9M | 74.3M | 138.3M | -49.7M | 3.3M | 273.1M | 66.9M | 30.2M |
| Free cash flow | 60.5M | 78.4M | 99.6M | 88.2M | 124.8M | 157.3M | 117.8M | 112.6M | 142.5M | 203.7M | 148.5M | 163.2M |