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 | $0.37 | $0.46 | +24.3% | — | $88.9M | — |
| Q1 26 | $0.26 | $0.24 | -7.7% | — | $82.5M | — |
| Q4 25 | $0.35 | $0.29 | -17.1% | — | $88.5M | — |
| Q3 25 | $0.34 | $0.56 | +64.7% | — | $83.3M | — |
| Q2 25 | $0.57 | $0.49 | -14.0% | — | $86M | — |
| Q1 25 | $0.39 | $0.36 | -7.7% | — | $84.6M | — |
| Q4 24 | $1.58 | $0.67 | -57.6% | — | $98.4M | — |
| Q3 24 | $0.69 | $0.94 | +36.2% | — | $98.6M | — |
| Q2 24 | $0.73 | $0.68 | -6.8% | — | $87.9M | — |
| Q1 24 | $0.4 | $0.48 | +20.0% | — | $82.3M | — |
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 | — | $0.13 | — | — | $342.4M | — |
| FY24 | — | $2.85 | — | — | $367.3M | — |
| FY23 | — | $1.39 | — | — | $320M | — |
| FY22 | — | -$2 | — | — | $210.7M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $210.7M | $320M | $367.3M | $342.4M |
| YoY change | — | +51.9% | +14.8% | -6.77% |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 210.7M | 320M | 367.3M | 342.4M |
| Cost of revenue | 46.2M | 44M | 50.1M | 71.1M |
| Gross profit | 164.5M | 276M | 317.1M | 271.3M |
| Gross margin | 78.1% | 86.3% | 86.4% | 79.2% |
| Research & development | 42.6M | 50M | 63.3M | 61.1M |
| Selling, general & administrative | 159.2M | 166.4M | 222M | 207.2M |
| Operating expenses | 201.8M | 216.4M | 285.2M | 268.3M |
| Operating income | -40.3M | 56M | 27.9M | -841K |
| Operating margin | -19.1% | 17.5% | 7.6% | -0.25% |
| Non-operating income, net | -14.3M | -11.9M | -12.8M | -93K |
| Pretax income | -54.6M | 44.1M | 24.5M | 9.8M |
| Income tax | 262K | 5.9M | -44.2M | 6.3M |
| Net income | -54.9M | 38.1M | 68.7M | 3.6M |
| Net margin | -26% | 11.9% | 18.7% | 1.04% |
| EBITDA | -34M | 62.7M | 45.7M | 7.5M |
| EPS | -2 | 1.39 | 2.85 | 0.13 |
| Diluted EPS | -2 | 1.39 | 2.56 | 0.12 |
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 | 85.3M | 99.7M | 82.3M | 87.9M | 98.6M | 98.4M | 84.6M | 86M | 83.3M | 88.5M | 82.5M | 88.9M |
| Cost of revenue | 10.8M | 12.3M | 10.5M | 12.3M | 12.2M | 15.2M | 17.1M | 17.9M | 17.1M | 18.9M | 19.4M | 19.2M |
| Gross profit | 74.5M | 87.4M | 71.8M | 75.6M | 86.4M | 83.2M | 67.5M | 68.1M | 66.1M | 69.6M | 63M | 69.7M |
| Gross margin | 87.4% | 87.6% | 87.2% | 86% | 87.7% | 84.6% | 79.8% | 79.2% | 79.4% | 78.7% | 76.4% | 78.4% |
| Research & development | 12.4M | 13.7M | 13.6M | 17.5M | 16.3M | 15.8M | 18.1M | 14.7M | 14M | 14.2M | 14.5M | 15.1M |
| Selling, general & administrative | 49.7M | 46.8M | 41.3M | 78.7M | 48.4M | 53.6M | 51.2M | 51.1M | 49.1M | 55.8M | 57.8M | 54.7M |
| Operating expenses | 62.1M | 60.5M | 54.9M | 96.3M | 64.7M | 69.4M | 69.3M | 65.8M | 63.1M | 70M | 72.3M | 69.7M |
| Operating income | 10.9M | 26.3M | 15.9M | -21.7M | 20.7M | 13M | -2.8M | 1.2M | 2.4M | -1.6M | -10.8M | -1.9M |
| Operating margin | 12.7% | 26.3% | 19.3% | -24.6% | 21% | 13.2% | -3.31% | 1.44% | 2.84% | -1.85% | -13.1% | -2.11% |
| Non-operating income, net | -1.5M | -8.7M | -1.7M | -11M | -16K | -81K | -399K | -6K | 376K | -64K | -31K | -11K |
| Pretax income | 7.8M | 22.3M | 12.4M | -30M | 25.1M | 17M | 483K | 3.9M | 5.3M | 244K | -9.4M | -532K |
| Income tax | -610K | 3.7M | 3.1M | 3.9M | 7.9M | -59.2M | -72K | 1.4M | 3.7M | 1.2M | 969K | 697K |
| Net income | 8.4M | 18.6M | 9.3M | -34M | 17.2M | 76.2M | 555K | 2.5M | 1.5M | -1M | -10.3M | -1.2M |
| Net margin | 9.86% | 18.7% | 11.3% | -38.6% | 17.5% | 77.4% | 0.66% | 2.89% | 1.84% | -1.13% | -12.5% | -1.38% |
| EBITDA | 13.4M | 27.2M | 16.1M | -9.9M | 22.8M | 14.9M | -638K | 3.7M | 3.6M | 825K | -8M | 1.5M |
| EPS | 0.28 | — | 0.31 | -1.32 | 0.56 | 2.48 | 0.02 | 0.09 | 0.05 | -0.04 | -0.43 | -0.05 |
| Diluted EPS | 0.28 | — | 0.31 | -1.32 | 0.51 | 2.27 | 0.02 | 0.08 | 0.05 | -0.04 | -0.43 | -0.05 |
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 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 930.7M |
| Enterprise value | — | — | — | — | 828.3M |
| Shares outstanding | 27.4M | 27.4M | 24.1M | 28.4M | 28.4M |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | 323.7 |
| P/S | — | — | — | — | 2.78 |
| P/B | — | — | — | — | 3.95 |
| EV/EBITDA | — | — | — | — | -114 |
| EV/Sales | — | — | — | — | 2.41 |
| Earnings yield | — | — | — | — | 0.31% |
| FCF yield | — | — | — | — | 5.47% |
| PEG | — | — | — | — | -2.08 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Gross margin | 78.1% | 86.3% | 86.4% | 79.2% | 78.4% |
| Operating margin | -19.1% | 17.5% | 7.6% | -0.25% | -2.11% |
| Net margin | -26% | 11.9% | 18.7% | 1.04% | -3.21% |
| ROE | 157.7% | 136.5% | 15% | 1.24% | -3.7% |
| ROA | -28.1% | 11.9% | 10.1% | 0.68% | -1.2% |
| ROIC | 209.5% | 162.7% | 26% | -0.24% | -10.1% |
| Return on tangible assets | -30.9% | 13% | 10.6% | 0.75% | -2.57% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Current ratio | 1.21 | 1.51 | 2.85 | 1.96 | 1.71 |
| Quick ratio | 1.21 | 1.51 | 2.85 | 1.96 | 1.71 |
| Debt / equity | -1.75 | 2.31 | — | 0.09 | 0.1 |
| Debt / assets | 0.31 | 0.2 | — | 0.05 | 0.05 |
| Net debt / EBITDA | -0.46 | 0.03 | — | -21.5 | 60.6 |
| Effective tax rate | 0% | 13.5% | 0% | 63.7% | 0% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Revenue per share | 7.7 | 11.7 | 15.2 | 12.1 | 13.5 |
| EPS (basic) | -2 | 1.39 | 2.85 | 0.13 | 0.13 |
| EPS (diluted) | -2 | 1.39 | 2.56 | 0.12 | -0.47 |
| Book value per share | -1.27 | 1.02 | 19 | 10.1 | 10.4 |
| FCF per share | -2.37 | 0.53 | 4.38 | 2.15 | 2.52 |
| Cash per share | 1.66 | 2.29 | 14.5 | 6.58 | 6.39 |
| Capex per share | 0.03 | 0.02 | 0.04 | 0.49 | 0.68 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Capex / revenue | 0.37% | 0.17% | 0.24% | 4.09% | 4.63% |
| Capex / operating cash flow | -0.96% | -0.88% | 1.51% | 14.7% | 17.1% |
| Payout ratio | — | — | — | — | 0% |
| Revenue | $85.3M | $99.7M | $82.3M | $87.9M | $98.6M | $98.4M | $84.6M | $86M | $83.3M | $88.5M | $82.5M | $88.9M |
| YoY change | — | — | +42.7% | +13.6% | +15.6% | -1.3% | +2.73% | -2.16% | -15.6% | -10% | -2.47% | +3.34% |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 45.5M | 62.6M | 349.7M | 186.6M |
| Receivables | 121.6M | 226.4M | 220.9M | 208.7M |
| Inventory | — | — | — | — |
| Total current assets | 174.5M | 298.3M | 581.7M | 407.9M |
| Property, plant & equipment | 3.8M | 2.5M | 2M | 33.3M |
| Goodwill & intangibles | 17.5M | 25.7M | 32.4M | 48.4M |
| Total assets | 195.1M | 319.8M | 678.4M | 525.9M |
| Accounts payable | 5.9M | 8.9M | 7.2M | 10.8M |
| Short-term debt | — | — | — | — |
| Total current liabilities | 143.9M | 198.2M | 204.2M | 207.8M |
| Long-term debt | 61.1M | 64.4M | — | 25.5M |
| Total liabilities | 229.9M | 291.9M | 221.1M | 238.3M |
| Shareholders' equity | -34.8M | 27.9M | 457.3M | 287.7M |
| Total debt | 61.1M | 64.4M | — | 25.5M |
| Net debt | 43.2M | 1.9M | — | -161.1M |
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 | 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 | 62.6M | 79.5M | 317.9M | 341.3M | 349.7M | 297.1M | 250.5M | 223.3M | 186.6M | 164.6M | 148.2M |
| Receivables | 226.4M | 206.4M | 209M | 227.8M | 220.9M | 206.2M | 209M | 212.8M | 208.7M | 183.1M | 203.4M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 298.3M | 300.1M | 534.2M | 576.1M | 581.7M | 528M | 482.6M | 455.5M | 407.9M | 361M | 365.6M |
| Property, plant & equipment | 2.5M | -9.3M | 2.3M | 2.1M | 2M | 15.2M | 19.4M | 29.6M | 33.3M | 33.1M | 33M |
| Goodwill & intangibles | 25.7M | 27.8M | 28.7M | 30.9M | 32.4M | 35.1M | 38.1M | 44.7M | 48.4M | 53M | 55.9M |
| Total assets | 319.8M | 322.1M | 556M | 598.3M | 678.4M | 639.3M | 600.8M | 569.4M | 525.9M | 479.9M | 485.4M |
| Accounts payable | 8.9M | 7.7M | 5.2M | 8.3M | 7.2M | 11.3M | 10.6M | 15.3M | 10.8M | 7.2M | 7.3M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 198.2M | 181.7M | 190.2M | 211.5M | 204.2M | 196.5M | 204M | 206.5M | 207.8M | 200.9M | 213.5M |
| Long-term debt | 64.4M | 65.3M | — | — | — | 24.5M | 24.9M | 25.3M | 25.5M | 25.3M | 25.1M |
| Total liabilities | 291.9M | 278M | 196.3M | 220.3M | 221.1M | 238M | 246.7M | 239.8M | 238.3M | 230.9M | 243.8M |
| Shareholders' equity | 27.9M | 44.1M | 359.7M | 378M | 457.3M | 401.3M | 354.1M | 329.6M | 287.7M | 249M | 241.6M |
| Total debt | 64.4M | 65.3M | — | — | — | 24.5M | 24.9M | 25.3M | 25.5M | 25.3M | 25.1M |
| Net debt | 1.9M | -14.2M | — | — | — | -272.6M | -225.6M | -198M | -161.1M | -139.3M | -123M |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -54.9M | 38.1M | 68.7M | 3.6M |
| Depreciation & amortization | 6.3M | 6.7M | 8.1M | 8.3M |
| Stock-based compensation | 6.5M | 7M | 46.9M | 44.1M |
| Change in working capital | -41.7M | -117.5M | -67.2M | 12.3M |
| Operating cash flow | -81.6M | -62.4M | 57.6M | 95.3M |
| Capital expenditure | -785K | -548K | -871K | -14M |
| Investing cash flow | -28.2M | 27.4M | -871K | -14M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | -31.3M | -233M |
| Financing cash flow | 72.9M | -664K | 165.1M | -236.4M |
| Net change in cash | -36.8M | -35.7M | 221.8M | -155.1M |
| Free cash flow | -64.8M | 14.5M | 105.7M | 61M |
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 | 8.4M | 18.6M | 9.3M | -34M | 17.2M | 76.2M | 555K | 2.5M | 1.5M | -1M | -10.3M | -1.2M |
| Depreciation & amortization | 2.5M | 915K | 1.9M | 2.1M | 2.1M | 1.9M | 2.2M | 2.4M | 1.2M | 2.5M | 2.9M | 3.4M |
| Stock-based compensation | 1.7M | 1.7M | 1.8M | 23M | 11.5M | 10.7M | 11.6M | 11.5M | 10.4M | 10.7M | 14.5M | 12.9M |
| Change in working capital | -40.1M | -47.3M | 16.4M | -5.5M | -11.8M | -66.4M | 13.8M | -4.1M | 2.2M | -737K | 20.6M | -22.6M |
| Operating cash flow | -26.6M | -25.2M | 30.3M | -14.1M | 19.1M | 22.4M | 28.1M | 25.9M | 21.8M | 27.8M | 30.4M | 13.3M |
| Capital expenditure | -170K | -176K | -152K | -201K | -302K | -216K | -1.9M | -3.4M | -3.9M | -3.6M | -4M | -4.3M |
| Investing cash flow | -170K | -176K | -152K | -201K | -302K | -216K | -1.9M | -3.4M | -3.9M | -3.6M | -4M | -4.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | -15.6M | -15.7M | -69.8M | -70.4M | -38M | -54.8M | -44.8M | -26M |
| Financing cash flow | 0 | -660K | -1.8M | -3.9M | -16.2M | -19.6M | -70.4M | -71.8M | -38.8M | -55.4M | -46M | -27.9M |
| Net change in cash | -26.7M | -26M | 28.3M | -18.3M | 2.6M | 2.5M | -44.2M | -49.3M | -21M | -31.2M | -19.6M | -19M |
| Free cash flow | -4.5M | 21.7M | 16.9M | 32.7M | 36.7M | 19.4M | 14.9M | 18.9M | 10.6M | 16.6M | 23.3M | 8.1M |