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 | $0.19 | $0.19 | 0.0% | — | $370.6M | — |
| Q1 26 | $0.2 | $0.22 | +10.0% | — | $358M | — |
| Q4 25 | $0.17 | $0.19 | +11.8% | — | $350.2M | — |
| Q3 25 | $0.14 | $0.18 | +28.6% | — | $310.9M | — |
| Q2 25 | $0.13 | $0.16 | +23.1% | — | $293.1M | — |
| Q1 25 | $0.12 | $0.14 | +16.7% | — | $279.8M | — |
| Q4 24 | $0.06 | $0.07 | +16.7% | — | $270.2M | — |
| Q3 24 | $0.11 | $0.15 | +36.4% | — | $235.1M | — |
| Q2 24 | $0.1 | $0.15 | +50.0% | — | $222.2M | — |
| Q1 24 | $0.11 | $0.13 | +18.2% | — | $210M | — |
| Q4 23 | $0.08 | $0.09 | +12.5% | — | $201.6M | — |
| Q3 23 | $0.05 | $0.1 | +100.0% | — | $175.8M | — |
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 | — | -$0.11 | — | — | $1.2B | — |
| FY24 | — | -$0.17 | — | — | $937.5M | — |
| FY23 | — | -$1.27 | — | — | $698.1M | — |
| FY22 | — | -$0.2 | — | — | $472.7M | — |
| FY21 | — | -$0.32 | — | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $290.6M | $472.7M | $698.1M | $937.5M | $1.2B |
| YoY change | — | +62.7% | +47.7% | +34.3% | +31.6% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 290.6M | 472.7M | 698.1M | 937.5M | 1.2B |
| Cost of revenue | 84.7M | 128M | 177.9M | 221.3M | 312.5M |
| Gross profit | 205.9M | 344.7M | 520.2M | 716.2M | 921.5M |
| Gross margin | 70.9% | 72.9% | 74.5% | 76.4% | 74.7% |
| Research & development | 65.6M | 104.1M | 262.2M | 238.5M | 291.2M |
| Selling, general & administrative | 219.6M | 295.7M | 588.7M | 561.8M | 698M |
| Operating expenses | 285.2M | 399.8M | 850.8M | 800.2M | 989.3M |
| Operating income | -79.2M | -55M | -330.6M | -84.1M | -67.8M |
| Operating margin | -27.3% | -11.6% | -47.4% | -8.97% | -5.49% |
| Non-operating income, net | 28K | 388K | -470K | 816K | -2.2M |
| Pretax income | -79.1M | -49.1M | -307M | -43.7M | -30.5M |
| Income tax | 319K | 83K | 1.2M | 2.5M | 1.3M |
| Net income | -79.4M | -49.2M | -308.2M | -46.1M | -31.8M |
| Net margin | -27.3% | -10.4% | -44.2% | -4.92% | -2.57% |
| EBITDA | -73.8M | -46M | -317M | -66.4M | -49.2M |
| EPS | -0.32 | -0.2 | -1.27 | -0.17 | -0.11 |
| Diluted EPS | -0.32 | -0.2 | -1.27 | -0.17 | -0.11 |
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 | 175.8M | 201.6M | 210M | 222.2M | 235.1M | 270.2M | 279.8M | 293.1M | 310.9M | 350.2M | 358M | 370.6M |
| Cost of revenue | 58.8M | 45M | 44.9M | 50.3M | 54.4M | 71.7M | 67.7M | 71.2M | 76.1M | 97.4M | 89.1M | 101.5M |
| Gross profit | 117M | 156.6M | 165.1M | 171.9M | 180.7M | 198.4M | 212.1M | 221.9M | 234.7M | 252.8M | 268.9M | 269.1M |
| Gross margin | 66.5% | 77.7% | 78.6% | 77.4% | 76.9% | 73.4% | 75.8% | 75.7% | 75.5% | 72.2% | 75.1% | 72.6% |
| Research & development | 141.5M | 52.6M | 56.1M | 55.7M | 55.8M | 70.9M | 69.3M | 72.5M | 72.7M | 76.7M | 80M | 91.9M |
| Selling, general & administrative | 277.7M | 140.3M | 131.1M | 130.3M | 138.2M | 162.2M | 166.5M | 180.7M | 172.9M | 177.9M | 187.1M | 192.1M |
| Operating expenses | 419.2M | 192.9M | 187.1M | 186M | 194M | 233.1M | 235.9M | 253.2M | 245.6M | 254.6M | 267.1M | 284.1M |
| Operating income | -302.2M | -36.3M | -22.1M | -14.1M | -13.3M | -34.7M | -23.8M | -31.3M | -10.8M | -1.8M | 1.7M | -15M |
| Operating margin | -171.9% | -18% | -10.5% | -6.32% | -5.65% | -12.8% | -8.49% | -10.7% | -3.49% | -0.53% | 0.49% | -4.04% |
| Non-operating income, net | -265K | -126K | 68K | -7K | 229K | 526K | -664K | -898K | -89K | -511K | -436K | -505K |
| Pretax income | -296.3M | -26.9M | -12.5M | -4.1M | -2.5M | -24.6M | -15.2M | -22.5M | -614K | 7.7M | 10.7M | -7.1M |
| Income tax | 819K | -594K | 404K | 861K | -1.2M | 2.4M | -1.1M | 1.8M | -188K | 704K | 1.7M | 1.7M |
| Net income | -297.1M | -26.3M | -12.9M | -4.9M | -1.3M | -27M | -14.1M | -24.3M | -426K | 7M | 9M | -8.8M |
| Net margin | -169% | -13% | -6.13% | -2.22% | -0.57% | -9.98% | -5.03% | -8.28% | -0.14% | 2.01% | 2.52% | -2.39% |
| EBITDA | -298.8M | -8.9M | -18.1M | -9.8M | -8.7M | -29.7M | -19M | -27.4M | -6.5M | 3.7M | 8.1M | -7.7M |
| EPS | -1.24 | -0.1 | -0.05 | -0.02 | -0.01 | -0.1 | -0.05 | -0.09 | 0 | 0.02 | 0.03 | -0.03 |
| Diluted EPS | -1.24 | -0.1 | -0.05 | -0.02 | -0.01 | -0.1 | -0.05 | -0.09 | 0 | 0.02 | 0.03 | -0.03 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | 6.7B | 11B | 9.4B | 4.6B |
| Enterprise value | — | — | 6.1B | 10.2B | 8.5B | 3.8B |
| Shares outstanding | 251.9M | 251.9M | 242.9M | 266.3M | 290.9M | 290.9M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 526.7 |
| P/S | — | — | 9.67 | 11.7 | 7.65 | 3.4 |
| P/B | — | — | 7.38 | 10.6 | 7.89 | 4.72 |
| EV/EBITDA | — | — | -19.1 | -153 | -172.9 | -335.1 |
| EV/Sales | — | — | 8.68 | 10.8 | 6.89 | 2.72 |
| Earnings yield | — | — | — | — | — | 0.19% |
| FCF yield | — | — | 1.63% | 1.35% | 2.01% | 6.18% |
| PEG | — | — | — | — | — | -7.9 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | 70.9% | 72.9% | 74.5% | 76.4% | 74.7% | 72.6% |
| Operating margin | -27.3% | -11.6% | -47.4% | -8.97% | -5.49% | -4.04% |
| Net margin | -27.3% | -10.4% | -44.2% | -4.92% | -2.57% | 0.49% |
| ROE | 3.55% | 4.75% | -33.7% | -4.46% | -2.65% | 0.66% |
| ROA | -17.1% | -7.82% | -28.3% | -3.62% | -2.01% | -0.97% |
| ROIC | 3.17% | 4.05% | -145.1% | -40.8% | -26.8% | -6.6% |
| Return on tangible assets | -17.1% | -7.82% | -28.3% | -3.62% | -2.01% | 0.49% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 4.63 | 5.03 | 6.15 | 4.9 | 4.27 | 3.13 |
| Quick ratio | 4.63 | 5.03 | 6.15 | 4.9 | 4.27 | 3.13 |
| Debt / equity | -0.03 | -0.06 | 0.06 | 0.05 | 0.1 | 0.12 |
| Debt / assets | 0.14 | 0.1 | 0.05 | 0.04 | 0.08 | 0.08 |
| Net debt / EBITDA | 3.56 | 7.03 | 2.17 | 12.5 | 19.2 | 299 |
| Interest coverage | -9.9K | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 36.7% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 1.15 | 1.88 | 2.87 | 3.52 | 4.24 | 4.61 |
| EPS (basic) | -0.32 | -0.2 | -1.27 | -0.17 | -0.11 | -0.11 |
| EPS (diluted) | -0.32 | -0.2 | -1.27 | -0.17 | -0.11 | 0.03 |
| Book value per share | -8.88 | -4.11 | 3.77 | 3.88 | 4.11 | 3.35 |
| FCF per share | -0.15 | -0.17 | 0.45 | 0.56 | 0.65 | 0.8 |
| Cash per share | 1.3 | 1.53 | 3.04 | 3.31 | 3.66 | 2.92 |
| Capex per share | 0.05 | 0.06 | 0.02 | 0.02 | 0.07 | 0.06 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 4.48% | 3.35% | 0.52% | 0.63% | 1.54% | 1.2% |
| Capex / operating cash flow | -55.5% | -45.9% | 3.86% | 4.05% | 8.71% | 6.04% |
| Payout ratio | — | — | — | — | — | 0% |
| $290.6M |
| — |
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $175.8M | $201.6M | $210M | $222.2M | $235.1M | $270.2M | $279.8M | $293.1M | $310.9M | $350.2M | $358M | $370.6M |
| YoY change | +47.5% | +38.8% | +34.5% | +35% | +33.7% | +34% | +33.3% | +31.9% | +32.2% | +29.6% | +27.9% | +26.4% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 327.9M | 385.8M | 738.6M | 881.5M | 1.1B |
| Receivables | 6.3M | 10.7M | 23.1M | 43.1M | 60.7M |
| Inventory | — | — | — | — | — |
| Total current assets | 356.1M | 427.5M | 803.5M | 979.7M | 1.2B |
| Property, plant & equipment | 89.7M | 91.5M | 80.4M | 91.1M | 181.5M |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 464.4M | 629.1M | 1.1B | 1.3B | 1.6B |
| Accounts payable | 31.8M | 8.9M | 13.6M | 14.6M | 29.1M |
| Short-term debt | 9.1M | 14.9M | 14.1M | 21M | 24.8M |
| Total current liabilities | 77M | 85M | 130.6M | 199.9M | 282.2M |
| Long-term debt | 56.4M | 47.5M | 37.5M | 32.4M | 96M |
| Total liabilities | 2.7B | 1.7B | 174.3M | 239.3M | 384M |
| Shareholders' equity | -2.2B | -1B | 914.8M | 1B | 1.2B |
| Total debt | 65.5M | 62.4M | 51.6M | 53.4M | 120.7M |
| Net debt | -262.4M | -323.4M | -687M | -828M | -944.1M |
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 | 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 | 723.4M | 738.6M | 755.8M | 793.6M | 826.7M | 881.5M | 888.4M | 935.5M | 980.3M | 1.1B | 984.6M | 832.6M |
| Receivables | 17.4M | 23.1M | 23.2M | 29.2M | 34.5M | 43.1M | 53.9M | 58.8M | 61.2M | 60.7M | 72.3M | 79.4M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 781.4M | 803.5M | 826.4M | 872.4M | 916.2M | 979.7M | 1B | 1.1B | 1.1B | 1.2B | 1.1B | 1B |
| Property, plant & equipment | 82.2M | 80.4M | 77.5M | 76.4M | 75.3M | 91.1M | 142.6M | 143.3M | 162.2M | 181.5M | 180.6M | 181.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | 1.3B | 1.3B | 1.4B | 1.5B | 1.6B | 1.5B | 1.4B |
| Accounts payable | 9.7M | 13.6M | 8.5M | 9.4M | 11.4M | 14.6M | 14.3M | 22.9M | 20.5M | 29.1M | 21.6M | 38.5M |
| Short-term debt | 14.4M | 14.1M | 13.6M | 13M | 13.1M | 21M | 18.6M | 19.1M | 24.5M | 24.8M | 24M | 23.3M |
| Total current liabilities | 119.7M | 130.6M | 129.7M | 131.6M | 142.3M | 199.9M | 192.8M | 214.2M | 227.5M | 282.2M | 271M | 322.1M |
| Long-term debt | 40M | 37.5M | 34.8M | 32.1M | 29.3M | 32.4M | 84.1M | 80.1M | 88.9M | 96M | 93.2M | 90.6M |
| Total liabilities | 166.1M | 174.3M | 170.9M | 170.3M | 178.5M | 239.3M | 283.4M | 301.1M | 323M | 384M | 370.2M | 417.1M |
| Shareholders' equity | 905.3M | 914.8M | 937.5M | 979.5M | 1B | 1B | 1.1B | 1.1B | 1.1B | 1.2B | 1.2B | 967M |
| Total debt | 54.5M | 51.6M | 48.4M | 45.1M | 42.5M | 53.4M | 102.7M | 99.2M | 113.4M | 120.7M | 117.2M | 113.9M |
| Net debt | -669M | -687M | -707.4M | -748.5M | -784.3M | -828M | -785.7M | -836.3M | -866.9M | -944.1M | -867.4M | -718.7M |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -79.4M | -49.2M | -308.2M | -46.1M | -31.8M |
| Depreciation & amortization | 5.3M | 9M | 13.7M | 17.7M | 18.6M |
| Stock-based compensation | 35.2M | 6.8M | 340.8M | 135.2M | 162M |
| Change in working capital | 2.9M | -45.7M | -30.2M | -46.6M | -48.4M |
| Operating cash flow | -23.5M | -34.5M | 94.5M | 146.1M | 218M |
| Capital expenditure | -13M | -15.8M | -3.7M | -5.9M | -19M |
| Investing cash flow | -13M | -16.3M | -3.7M | -5.9M | -21M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | -140.4M | 0 | 0 | — | — |
| Financing cash flow | 205.3M | 99.5M | 238.4M | -23.7M | -18M |
| Net change in cash | 168.8M | 48.7M | 329.3M | 116.5M | 179M |
| Free cash flow | -37M | -41.8M | 110M | 148.7M | 189.5M |
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 | -297.1M | -26.3M | -12.9M | -4.9M | -1.3M | -27M | -14.1M | -24.3M | -426K | 7M | 9M | -8.8M |
| Depreciation & amortization | 3.4M | 3.8M | 4M | 4.2M | 4.6M | 4.9M | 4.8M | 3.9M | 4.4M | 5.5M | 6.3M | 7.3M |
| Stock-based compensation | 300M | 38.5M | 35.6M | 33.5M | 31.6M | 34.5M | 38.3M | 45.4M | 40.4M | 37.9M | 41.8M | 51.3M |
| Change in working capital | -5M | -6.4M | -13.6M | -12.5M | -10.3M | -10.2M | -17.2M | -6.8M | -19.1M | -5.3M | -34.9M | -10.8M |
| Operating cash flow | 21.8M | 30.6M | 33.3M | 41.3M | 46.4M | 25.7M | 36.8M | 55.7M | 54.8M | 93.2M | 34.3M | 93.9M |
| Capital expenditure | -54K | -2.8M | -1.3M | -769K | -1.5M | -2.3M | -2.7M | -5.2M | -5.4M | -3.2M | -3.6M | -4.4M |
| Investing cash flow | -54K | -2.8M | -1.3M | -769K | -1.5M | -2.3M | -2.7M | -5.2M | -5.4M | -3.2M | -4M | -4.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | -100M | -233.6M |
| Financing cash flow | 261.1M | -19.7M | -11.9M | -1.9M | -5.5M | -4.4M | -4.4M | -4.6M | -4.1M | -4.9M | -102.8M | -235.6M |
| Net change in cash | 282.8M | 8.1M | 20.2M | 38.6M | 39.4M | 18.9M | 29.8M | 45.9M | 45.2M | 85M | -72.6M | -146.2M |
| Free cash flow | 21.9M | 34.7M | 23M | 37.1M | 34.2M | 54.5M | 6.6M | 48.4M | 47.1M | 87.4M | 19M | 82.9M |