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 | -$0.6 | -$5.08 | -746.7% | — | $80M | — |
| Q1 26 | -$0.52 | $2.07 | +498.1% | — | $64.7M | — |
| Q4 25 | -$0.47 | $1.93 | +510.6% | — | $61.9M | — |
| Q2 25 | -$0.29 | -$0.7 | -141.4% | — | $20.7M | — |
| Q1 25 | -$0.29 | -$0.14 | +51.7% | — | $7.6M | — |
| Q4 24 | -$0.25 | -$0.93 | -272.0% | — | $11.7M | — |
| Q3 24 | -$0.23 | -$0.24 | -4.3% | — | $12.4M | — |
| Q2 24 | -$0.22 | -$0.18 | +18.2% | — | $11.4M | — |
| Q1 24 | -$0.25 | -$0.19 | +24.0% | — | $7.6M | — |
| Q4 23 | -$0.18 | -$0.2 | -11.1% | — | $6.1M | — |
| Q3 23 | -$0.18 | -$0.22 | -22.2% | — | $6.1M | — |
| Q2 23 | -$0.13 | -$0.22 | -69.2% | — | $5.5M | — |
| Q1 23 | -$0.11 | -$0.14 | -27.3% | — | $4.3M | — |
| Q4 22 | -$0.13 | -$0.09 | +30.8% | — | $3.8M | — |
| Q3 22 | -$0.11 | -$0.12 | -9.1% | — | $2.8M | — |
| Q2 22 | -$0.1 | -$0.01 | +90.0% | — | $2.6M | — |
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 | — | -$1.82 | — | — | $130M | — |
| FY24 | — | -$1.56 | — | — | $43.1M | — |
| FY23 | — | -$0.78 | — | — | $22M | — |
| FY22 | — | -$0.25 | — | — | $11.1M | — |
| FY21 | — | -$0.77 | — |
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 | $0 | $2.1M | $11.1M | $22M | $43.1M | $130M |
| YoY change | — | +InfinityT% | +430.3% | +98% | +95.4% | +201.9% |
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 | 0 | 2.1M | 11.1M | 22M | 43.1M | 130M |
| Cost of revenue | 143K | 1M | 2.9M | 8.1M | 20.6M | 77.5M |
| Gross profit | -143K | 1.1M | 8.2M | 13.9M | 22.5M | 52.5M |
| Gross margin | — | 50.5% | 73.6% | 63.2% | 52.2% | 40.4% |
| Research & development | 10.2M | 20.2M | 44M | 92.3M | 136.8M | 305.7M |
| Selling, general & administrative | 4M | 17M | 44.4M | 69M | 99.5M | 298.5M |
| Operating expenses | 14.2M | 37.2M | 88.3M | 161.3M | 236.3M | 604.2M |
| Operating income | -15.7M | -38.7M | -85.7M | -157.8M | -232.5M | -633.7M |
| Operating margin | — | -1.8K% | -770.3% | -715.7% | -539.7% | -487.4% |
| Non-operating income, net | 309K | -67.6M | 30.1M | -19.3M | -117.4M | 66.7M |
| Pretax income | -15.4M | -106.2M | -48.5M | -157.7M | -331.6M | -556.7M |
| Income tax | 0 | 0 | 0 | 48K | 59K | -44.6M |
| Net income | -15.4M | -106.2M | -48.5M | -157.8M | -331.6M | -512.1M |
| Net margin | — | -5.1K% | -435.8% | -715.8% | -770% | -393.9% |
| EBITDA | -14.3M | 31.5M | -110.3M | -128.2M | -96.7M | -618.4M |
| EPS | -0.08 | -0.77 | -0.25 | -0.78 | -1.56 | -1.82 |
| Diluted EPS | -0.08 | -0.77 | -0.25 | -0.78 | -1.56 | -1.82 |
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 | 6.1M | 6.1M | 7.6M | 11.4M | 12.4M | 11.7M | 7.6M | 20.7M | 39.9M | 61.9M | 64.7M | 80M |
| Cost of revenue | 2M | 3.2M | 3.4M | 5.6M | 6.5M | 5M | 4.3M | 8.3M | 21.3M | 43.6M | 49.3M | 60.1M |
| Gross profit | 4.1M | 2.9M | 4.2M | 5.8M | 5.9M | 6.7M | 3.3M | 12.4M | 18.6M | 18.3M | 15.4M | 19.9M |
| Gross margin | 67.3% | 48.2% | 55% | 50.6% | 47.5% | 56.9% | 43% | 59.8% | 46.7% | 29.6% | 23.8% | 24.9% |
| Research & development | 24.6M | 31.6M | 32.4M | 31.2M | 33.2M | 40.1M | 40M | 103.4M | 66.3M | 96.1M | 125.7M | 160.6M |
| Selling, general & administrative | 19M | 22.3M | 20.7M | 19.2M | 21M | 38.6M | 32.4M | 59M | 96.9M | 110.2M | 118.1M | 150.5M |
| Operating expenses | 43.6M | 53.9M | 53.1M | 50.4M | 54.1M | 78.7M | 72.4M | 162.3M | 163.2M | 206.3M | 243.8M | 311.1M |
| Operating income | -42.2M | -54.4M | -52.9M | -48.9M | -53.1M | -77.5M | -75.7M | -160.6M | -168.8M | -228.6M | -271.5M | -337.2M |
| Operating margin | -687.6% | -891.7% | -697.4% | -430% | -428.5% | -661.9% | -1K% | -776% | -423.5% | -369.4% | -419.8% | -421.3% |
| Non-operating income, net | -7.6M | 7.3M | 8.5M | 6.6M | -3.9M | -128.6M | 38.5M | -39.3M | -882.8M | 950.4M | 1B | -1.6B |
| Pretax income | -44.8M | -41.9M | -39.6M | -37.5M | -52.5M | -202M | -32.2M | -192.8M | -1.1B | 728.4M | 798.2M | -1.9B |
| Income tax | 39K | 9K | 8K | 15K | 16K | 20K | 12K | -15.3M | -4.4M | -24.9M | -6.4M | -6.1M |
| Net income | -44.8M | -41.9M | -39.6M | -37.6M | -52.5M | -202M | -32.3M | -177.5M | -1.1B | 753.3M | 804.6M | -1.9B |
| Net margin | -730.3% | -686.3% | -522.2% | -330% | -423.4% | -1.7K% | -426.3% | -857.9% | -2.6K% | 1.2K% | 1.2K% | -2.3K% |
| EBITDA | -31.8M | -58.5M | -57.5M | -51.3M | -44.4M | 56.5M | -107.6M | -110.4M | 737.2M | -1.1B | -1.3B | 1.4B |
| EPS | -0.22 | — | -0.19 | -0.18 | -0.24 | — | -0.14 | -0.7 | -3.58 | 2.13 | 2.19 | -5.08 |
| Diluted EPS | -0.22 | — | -0.19 | -0.18 | -0.24 | — | -0.14 | -0.7 | -3.58 | 1.93 | 2.07 | -5.08 |
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 | — | — | — | 2.5B | 8.9B | — | 18.1B |
| Enterprise value | — | — | — | 2.2B | 8.6B | — | 15.3B |
| Shares outstanding | 192.5M | 137.6M | 197.7M | 202.6M | 213M | 280.3M | 280.3M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 99.3 |
| P/S | — | — | — | 113.9 | 206.6 | — | 74.8 |
| P/B | — | — | — | 5.18 | 23.2 | — | 5.21 |
| EV/EBITDA | — | — | — | -16.9 | -88.7 | — | -19.3 |
| EV/Sales | — | — | — | 98.1 | 199.1 | — | 62 |
| Earnings yield | — | — | — | — | — | — | 1.01% |
| FCF yield | — | — | — | -3.92% | -1.45% | — | -0.49% |
| PEG | — | — | — | — | — | — | 0.16 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | 50.5% | 73.6% | 63.2% | 52.2% | 40.4% | 24.9% |
| Operating margin | — | -1.8K% | -770.3% | -715.7% | -539.7% | -487.4% | -408.2% |
| Net margin | — | -5.1K% | -435.8% | -715.8% | -770% | -393.9% | 40.4% |
| ROE | -28.7% | -18% | -8.54% | -32.5% | -86.4% | -13.4% | -60.5% |
| ROA | -25.5% | -16.5% | -8.11% | -28.5% | -65.2% | -7.79% | -14.5% |
| ROIC | -72% | -53% | -39.6% | -114.6% | -379.2% | -43.7% | -78.9% |
| Return on tangible assets | -28% | -16.8% | -8.38% | -30.2% | -77.2% | -46.2% | -161% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 20.5 | 54.7 | 18.4 | 10.5 | 10.5 | 15.5 | 10.7 |
| Quick ratio | 20.5 | 54.7 | 18.2 | 10.2 | 9.98 | 15.2 | 10.3 |
| Debt / equity | 0.08 | 0.01 | 0.01 | 0.02 | 0.05 | 0.01 | 0.02 |
| Debt / assets | 0.07 | 0.01 | 0.01 | 0.01 | 0.03 | 0 | 0.01 |
| Net debt / EBITDA | 2.22 | -16.5 | 3.19 | 2.71 | 3.34 | 3.82 | 6.29 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.02 | 0.06 | 0.11 | 0.2 | 0.46 | 0.72 |
| EPS (basic) | -0.08 | -0.77 | -0.25 | -0.78 | -1.56 | -1.82 | -1.82 |
| EPS (diluted) | -0.08 | -0.77 | -0.25 | -0.78 | -1.56 | -1.82 | -3.87 |
| Book value per share | 0.28 | 4.3 | 2.87 | 2.39 | 1.8 | 13.6 | 8.73 |
| FCF per share | -0.12 | -0.27 | -0.29 | -0.49 | -0.61 | -1.07 | -1.32 |
| Cash per share | 0.19 | 3.8 | 1.8 | 1.75 | 1.6 | 8.53 | 5.56 |
| Capex per share | 0.05 | 0.06 | 0.05 | 0.07 | 0.08 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 370.8% | 83.9% | 62.2% | 41.8% | — | — |
| Capex / operating cash flow | -85.6% | -8.69% | -127.6% | -17.8% | -9.07% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $2.1M |
| — |
| FY20 | — | -$0.08 | — | — | $0 | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $6.1M | $6.1M | $7.6M | $11.4M | $12.4M | $11.7M | $7.6M | $20.7M | $39.9M | $61.9M | $64.7M | $80M |
| YoY change | +122.1% | +60.4% | +76.9% | +106.4% | +102.1% | +91.8% | -0.21% | +81.8% | +221.5% | +428.5% | +754.7% | +286.8% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 36.1M | 522.5M | 355.8M | 355.4M | 340.3M | 2.4B |
| Receivables | 390K | 261K | 1.1M | 8.6M | 6.5M | 33.8M |
| Inventory | — | — | 5.2M | 12.5M | 18.7M | 57.7M |
| Total current assets | 38.6M | 529.6M | 371.6M | 390M | 378.8M | 2.6B |
| Property, plant & equipment | 16.3M | 22.9M | 29.8M | 42.1M | 62.2M | 142.9M |
| Goodwill & intangibles | 5.4M | 11.7M | 19.4M | 31.6M | 78.7M | 5.5B |
| Total assets | 60.5M | 642M | 598M | 553.6M | 508.4M | 6.6B |
| Accounts payable | 538K | 1.9M | 3.1M | 5.6M | 5.2M | 26.1M |
| Short-term debt | 495K | 568K | 591K | 710K | 3.4M | 8.8M |
| Total current liabilities | 1.9M | 9.7M | 20.2M | 37.2M | 36.1M | 166.8M |
| Long-term debt | 3.8M | 3.6M | 3.5M | 7.4M | 14.4M | 21.2M |
| Total liabilities | 6.8M | 50.8M | 29.8M | 68.6M | 124.5M | 2.8B |
| Shareholders' equity | 53.7M | 591.2M | 568.2M | 485M | 383.9M | 3.8B |
| Total debt | 4.3M | 4.2M | 4M | 8.1M | 17.7M | 30M |
| Net debt | -31.8M | -394.8M | -40.3M | -27.6M | -36.7M | -1B |
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 | 245.9M | 355.4M | 266.2M | 281.7M | 301.8M | 340.3M | 588.3M | 543.4M | 1.1B | 2.4B | 2B | 2.1B |
| Receivables | 844K | 8.6M | 8.6M | 5.9M | 3.3M | 6.5M | 6.9M | 7.7M | 12.6M | 33.8M | 52.4M | 37.3M |
| Inventory | — | 12.5M | 16.2M | 19.2M | 17.9M | 18.7M | 24M | 34.5M | 57.4M | 57.7M | 70.6M | 87.5M |
| Total current assets | 403.8M | 390M | 409.9M | 404.9M | 395.4M | 378.8M | 637M | 625.9M | 1.2B | 2.6B | 2.3B | 2.4B |
| Property, plant & equipment | 40.9M | 42.1M | 51.6M | 57.8M | 59.5M | 62.2M | 60.9M | 69.8M | 140.5M | 142.9M | 155.8M | 190.9M |
| Goodwill & intangibles | 27.6M | 31.6M | 35.2M | 35.4M | 36.4M | 78.7M | 77.8M | 1B | 5B | 5.5B | 5.8B | 5.9B |
| Total assets | 565.4M | 553.6M | 543.9M | 517.4M | 497.9M | 508.4M | 850.1M | 1.3B | 4.3B | 6.6B | 6.7B | 6.8B |
| Accounts payable | 6.4M | 5.6M | 5.9M | 6.3M | 4.9M | 5.2M | 8.8M | 8.9M | 17M | 26.1M | 38.3M | 44.6M |
| Short-term debt | 695K | 710K | 1.2M | 1.5M | 3.1M | 3.4M | 3.6M | 5.5M | 8.6M | 8.8M | 9.2M | 11.7M |
| Total current liabilities | 28.6M | 37.2M | 34.7M | 30.8M | 32.3M | 36.1M | 48.4M | 80.6M | 139.3M | 166.8M | 163.9M | 226.1M |
| Long-term debt | 6.5M | 7.4M | 14.5M | 15.2M | 15.2M | 14.4M | 13.7M | 13.7M | 19.9M | 21.2M | 21.3M | 42.8M |
| Total liabilities | 66.9M | 68.6M | 64.1M | 54.2M | 62.2M | 124.5M | 85M | 168.2M | 2B | 2.8B | 1.7B | 3.4B |
| Shareholders' equity | 498.5M | 485M | 479.8M | 463.3M | 435.7M | 383.9M | 765M | 1.2B | 2.3B | 3.8B | 5B | 3.3B |
| Total debt | 7.2M | 8.1M | 15.6M | 16.6M | 18.3M | 17.7M | 17.4M | 19.3M | 28.5M | 30M | 30.4M | 54.5M |
| Net debt | -29.9M | -27.6M | -44.4M | -25.1M | -11.9M | -36.7M | -142.3M | -120.8M | -317.5M | -1B | -463.1M | -1.2B |
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 | -15.4M | -106.2M | -48.5M | -157.8M | -331.6M | -512.1M |
| Depreciation & amortization | 1.4M | 2.5M | 5.6M | 10.4M | 18.7M | 82M |
| Stock-based compensation | 1.2M | 7.7M | 31.5M | 69.7M | 106.9M | 312M |
| Change in working capital | 1M | 607K | 3.2M | -1.5M | 2.4M | -44.5M |
| Operating cash flow | -11.7M | -89.6M | -7.3M | -77.2M | -198.4M | -283.2M |
| Capital expenditure | -10M | -7.8M | -9.3M | -13.7M | -18M | — |
| Investing cash flow | -10M | -211.5M | -305.8M | 74.6M | 88.3M | -2.1B |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | — | 572.7M | 37K | -193K | 238K | 3.3B |
| Net change in cash | -21.8M | 271.5M | -313.1M | -2.8M | -109.8M | 958.6M |
| Free cash flow | -23.7M | -36.6M | -57.3M | -98.4M | -129.3M | -299.6M |
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 | -44.8M | -41.9M | -39.6M | -37.6M | -52.5M | -202M | -32.3M | -177.5M | -1.1B | 753.3M | 804.6M | -1.9B |
| Depreciation & amortization | 2.7M | 3.5M | 4M | 4.3M | 4.9M | 5.5M | 6.6M | 10.6M | 24.2M | 40.6M | 43.1M | 46.1M |
| Stock-based compensation | 17M | 31.2M | 22.1M | 21M | 24.6M | 39.3M | 33.3M | 99.2M | 72.9M | 106.7M | 128.5M | 141.8M |
| Change in working capital | -3.8M | 1.7M | 8.3M | -1.1M | -1M | -3.7M | 4.8M | -9.6M | -33.2M | -6.5M | -5M | 19.5M |
| Operating cash flow | -28.4M | -5M | -4.3M | -12.2M | -21.9M | -159.9M | 13.2M | -52.6M | -123.1M | -74.5M | -151M | -103.8M |
| Capital expenditure | -4.1M | -7.2M | -3.1M | -7.5M | -3.8M | -3.6M | -2.3M | -1M | -1.1M | — | — | — |
| Investing cash flow | 47.1M | 25.8M | 45.3M | 9.6M | 7.8M | 41.1M | -229.1M | 30.5M | -666.6M | -1.2B | -383.5M | 844.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 10K | -202K | 873K | -732K | 3K | 94K | 362.8M | -3.1M | 999.5M | 2B | 1.5M | 2.8M |
| Net change in cash | 18.7M | 20.7M | 41.8M | -3.4M | -14.2M | -118.7M | 147M | -25.2M | 209.8M | 671M | -533M | 743.3M |
| Free cash flow | -28M | -35.4M | -25.4M | -35.3M | -24.2M | -44.3M | -36.4M | -56M | -130.2M | -80.3M | -159.4M | -114M |