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 | -$0.04 | -$0.02 | +50.0% | — | $0 | — |
| Q4 25 | -$0.05 | -$0.25 | -400.0% | — | $0 | — |
| Q3 25 | -$0.05 | -$0.03 | +40.0% | — | $0 | — |
| Q2 25 | -$0.05 | -$0.06 | -20.0% | — | $0 | — |
| Q1 25 | -$0.04 | -$0.02 | +50.0% | — | $0 | — |
| Q4 24 | -$0.03 | -$0.04 | -33.3% | — | $0 | — |
| Q3 24 | -$0.02 | -$0.03 | -50.0% | — | $0 | — |
| Q2 24 | -$0.02 | -$0.02 | 0.0% | — | $0 | — |
| Q1 24 | -$0.04 | -$0.02 | +50.0% | — | $0 | — |
| Q4 23 | -$0.09 | -$0.07 | +22.2% | — | $0 | — |
| Q3 23 | -$0.05 | -$0.07 | -40.0% | — | $0 | — |
| Q2 23 | -$0.09 | $0.16 | +277.8% | — | $0 | — |
| Q1 23 | -$0.15 | -$0.04 | +73.3% | — | $0 | — |
| Q4 22 | -$0.22 | $0.08 | +136.4% | — | $0 | — |
| Q3 22 | -$0.16 | -$0.3 | -87.5% | — | $0 | — |
| Q2 22 | -$0.14 | -$0.12 | +14.3% | — | — | — |
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 | — | -$0.5 | — | — | $0 | — |
| FY24 | — | -$0.21 | — | — | $0 | — |
| FY23 | — | -$0.02 | — | — | $0 | — |
| FY22 | — | -$0.47 | — | — | $0 | — |
| FY21 | — | -$0.33 | — |
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 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 0% | 0% |
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 |
|---|
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 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 483K | 658K | 1.5M | 196K | 46K | — |
| Gross profit | -483K | -658K | -1.5M | -196K | -46K | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — |
| Selling, general & administrative | 10.9M | 15.6M | 24.3M | 26.1M | 28.1M | 52.8M |
| Operating expenses | 22.9M | 43.7M | 59.2M | 27.3M | 28.3M | 52.8M |
| Operating income | -23.4M | -44.5M | -60.9M | -27.6M | -28.3M | -52.8M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | 1K | -2K | -2.6M | 21M | -29.1M | -33.4M |
| Pretax income | -24.2M | -47.1M | -67.8M | -3.9M | -42.6M | -86.3M |
| Income tax | — | — | — | — | — | — |
| Net income | -25.2M | -47M | -67.8M | -3.9M | -42.6M | -86.3M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -22.9M | -44.1M | -60.1M | -24.5M | -12.8M | -9.2M |
| EPS | -0.19 | -0.33 | -0.47 | -0.02 | -0.21 | -0.5 |
| Diluted EPS | -0.19 | -0.33 | -0.47 | -0.02 | -0.21 | -0.5 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 58K | 0 | 8K | 79K | 78K | -119K | 12K | 10K | — | — | — | — |
| Gross profit | -58K | 0 | -8K | -79K | -78K | 119K | -12K | -10K | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 3.1M | 13.6M | 5.5M | 6.1M | 5.6M | 10.8M | 6.5M | 7.8M | 9.7M | 28.8M | 11.1M | 15.1M |
| Operating expenses | 3.1M | 13.6M | 5.5M | 6.1M | 5.6M | 10.8M | 6.5M | 7.8M | 9.7M | 28.8M | 11.1M | 15.1M |
| Operating income | -3.2M | -13.8M | -5.5M | -6.1M | -5.7M | -10.9M | -6.5M | -7.8M | -9.7M | -28.8M | -11.1M | -15.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 3.1M | -2.2M | -2.4M | -4.3M | -7.3M | -15.1M | -5M | -6.8M | -189.5M | 166.4M | 15.7M | 16.8M |
| Pretax income | -200K | -12.9M | -6M | -6.3M | -8.1M | -22.3M | -11.5M | -13.2M | -199.2M | 137.7M | 4.6M | 1.7M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -200K | -12.9M | -6M | -6.3M | -8.1M | -22.3M | -11.5M | -13.2M | -199.2M | 137.7M | 4.6M | 1.7M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -3.3M | -14.4M | -3.6M | -2M | -726K | -6.6M | -5M | -6.2M | -7.8M | 9.8M | -19.9M | -25M |
| EPS | -0 | — | -0.04 | -0.03 | -0.04 | — | -0.05 | -0.06 | -0.83 | — | 0 | 0.01 |
| Diluted EPS | -0 | — | -0.04 | -0.03 | -0.04 | — | -0.05 | -0.06 | -0.83 | — | 0 | -0.02 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | 1.7B | 4.2B | 2.7B | — | — | — | 973M |
| Enterprise value | — | — | 1.7B | 4.2B | 2.8B | — | — | — | 1.9B |
| Shares outstanding | — | — | 133.7M | 142.9M | 142.9M | 160.4M | 200.8M | 243.7M | 243.7M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -5.37 |
| P/B | — | — | 8.8 | -99.8 | -78.7 | — | — | — | 0.69 |
| EV/EBITDA | — | — | -72.3 | -95.2 | -45.8 | — | — | — | -28.9 |
| Earnings yield | — | — | — | — | — | — | — | — | -18.6% |
| FCF yield | — | — | -1.25% | -1.08% | -2.13% | — | — | — | -138.6% |
| PEG | — | — | — | — | — | — | — | — | 0.05 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | — | — | -13.2% | 112.8% | 197% | -0.97% | -4.51% | -5.44% | -3.7% |
| ROA | — | — | -7.72% | -433.3% | -243.5% | -0.9% | -4.08% | -3.34% | -1.66% |
| Return on tangible assets | — | — | -7.72% | -433.3% | -243.5% | -0.9% | -4.08% | -3.34% | -1.56% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | 17.6 | 0.4 | 0.04 | 8.38 | 10.3 | 5.16 | 5.47 |
| Quick ratio | — | — | 17.6 | 0.4 | 0.04 | 8.38 | 10.3 | 5.16 | 5.47 |
| Debt / equity | — | — | 0.65 | -1 | -1.31 | 0.01 | 0.02 | 0.34 | 0.6 |
| Debt / assets | — | — | 0.38 | 3.85 | 1.62 | 0.01 | 0.02 | 0.21 | 0.33 |
| Net debt / EBITDA | — | — | 1.02 | -0.93 | -0.74 | 7.87 | 44.8 | 3.92 | -7.8 |
| Interest coverage | — | — | -28.1 | -19 | -17.9 | -12.1 | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | — | — | -0.19 | -0.33 | -0.47 | -0.02 | -0.21 | -0.5 | -0.5 |
| EPS (diluted) | — | — | -0.19 | -0.33 | -0.47 | -0.02 | -0.21 | -0.5 | -0.46 |
| Book value per share | — | — | 1.43 | -0.29 | -0.24 | 2.54 | 4.71 | 6.51 | 3.92 |
| FCF per share | — | — | -0.16 | -0.31 | -0.4 | -1.42 | -0.95 | -3.39 | -2.69 |
| Cash per share | — | — | 1.11 | 0.01 | 0 | 1.22 | 2.96 | 2.33 | 2.27 |
| Capex per share | — | — | 0 | 0.01 | 0.04 | 1.18 | 0.88 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | -3.24% | -4.56% | -10.3% | -3K% | -528.7% | — | — |
| Payout ratio | — | — | 0% | 0% | 0% | 0% | — | — | 0% |
| Dividend yield | — | — | 0% | 0% | 0% | — | — | — | — |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Oct 4, 2023 | $6.01 |
| Date | Ratio |
|---|---|
| Nov 8, 2017 | 1:5 |
| — |
| $0 |
| — |
| FY20 | — | -$0.19 | — | — | $0 | — |
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 41.6M | 83.6M | 148.1M | 933K | 636K | 195.5M | 593.9M | 568.2M |
| Receivables | 1.9M | 2.6M | 1.3M | 124K | 3K | 2.9M | 0 | 4.1M |
| Inventory | 1.6M | 1.2M | 0 | — | — | — | — | — |
| Total current assets | 46.9M | 92.9M | 154.3M | 1.8M | 1.9M | 205.9M | 602.2M | 911.6M |
| Property, plant & equipment | 6.8M | 163.7M | 6.3M | 3.3M | 3.9M | 18.6M | 47.8M | 16.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 103.9M | 293.8M | 326.7M | 10.9M | 27.8M | 439.5M | 1B | 2.6B |
| Accounts payable | 2.8M | — | — | 4.2M | 9.9M | — | 700K | 87.8M |
| Short-term debt | 539K | 3.1M | 3.5M | — | 43.6M | — | 5.8M | 5.5M |
| Total current liabilities | 3.4M | 15M | 8.8M | 4.5M | 54.2M | 24.6M | 58.3M | 176.8M |
| Long-term debt | 18M | 117.1M | 121.2M | 41.8M | 1.6M | 3.1M | 16.8M | 526.7M |
| Total liabilities | 21.4M | 134.2M | 136M | 52.5M | 62.3M | 32M | 99.6M | 992.4M |
| Shareholders' equity | 56.1M | 159.6M | 190.7M | -41.7M | -34.4M | 407.5M | 945.3M | 1.6B |
| Total debt | 18.6M | 120.2M | 124.8M | 41.8M | 45.2M | 3.1M | 22.6M | 532.2M |
| Net debt | -23M | 36.6M | -23.3M | 40.8M | 44.6M | -192.4M | -571.2M | -36M |
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 | 200.5M | 195.5M | 147.2M | 375.8M | 341.2M | 593.9M | 446.6M | 508.9M | 385.3M | 568.2M | 758.5M | 822.8M |
| Receivables | 42K | 2.9M | 330K | 737K | 151K | 0 | 620K | 577K | 2M | 4.1M | 3.1M | 2.2M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 218.6M | 205.9M | 153.3M | 384.6M | 349M | 602.2M | 449.3M | 511.7M | 388.6M | 911.6M | 1.2B | 1.3B |
| Property, plant & equipment | 3.2M | 18.6M | 6.9M | 6.9M | 10M | 47.8M | 86.3M | 231.2M | 1B | 16.4M | 1.5B | -24.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 363.5M | 439.5M | 436.5M | 692.2M | 693M | 1B | 1B | 1.3B | 1.5B | 2.6B | 3.1B | 3.5B |
| Accounts payable | 17.2M | — | — | — | — | 700K | 3M | 6M | 47M | 87.8M | 70.1M | 101.3M |
| Short-term debt | 46.3M | — | — | 1.2M | 1.2M | 5.8M | 5.7M | 5.7M | 5.6M | 5.5M | 5.8M | 5.8M |
| Total current liabilities | 64.6M | 24.6M | 22.1M | 19.1M | 25.2M | 58.3M | 43.4M | 51.8M | 103.1M | 176.8M | 164.7M | 234.6M |
| Long-term debt | 1.1M | 3.1M | 3M | 3.4M | 3.1M | 16.8M | 15.5M | 201M | 399.7M | 526.7M | 869.1M | 1.2B |
| Total liabilities | 69.8M | 32M | 30M | 27.7M | 34.3M | 99.6M | 83.5M | 303.3M | 555.3M | 992.4M | 1.2B | 1.6B |
| Shareholders' equity | 293.7M | 407.5M | 406.5M | 664.6M | 658.7M | 945.3M | 935M | 1B | 896.2M | 1.6B | 1.9B | 1.9B |
| Total debt | 47.4M | 3.1M | 3M | 4.6M | 4.3M | 22.6M | 21.2M | 206.7M | 405.3M | 532.2M | 874.9M | 1.2B |
| Net debt | -153.1M | -192.4M | -144.3M | -371.2M | -336.9M | -571.2M | -425.4M | -302.2M | 20M | -36M | 116.4M | 334.7M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -25.2M | -47M | -67.8M | -3.9M | -42.6M | -86.3M |
| Depreciation & amortization | 483K | 658K | 1.5M | 196K | 992K | 1M |
| Stock-based compensation | 1.6M | 1.8M | 2.4M | 5.6M | 5.2M | 6.2M |
| Change in working capital | 2.2M | 2M | 8.8M | -8.3M | 3.7M | 12.5M |
| Operating cash flow | -20.6M | -42.4M | -54.6M | -6.4M | -33.6M | -61.2M |
| Capital expenditure | -667K | -1.9M | -5.6M | -189.8M | -177.7M | — |
| Investing cash flow | -661K | 2.3M | -20.6M | -190.1M | -177.7M | — |
| Dividends paid | 0 | 0 | 0 | 0 | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 21M | 44.1M | 144.7M | 406M | 589.1M | 1.1B |
| Net change in cash | -267K | 3.9M | 69.5M | 209.5M | 377.8M | 1.1B |
| Free cash flow | -20.9M | -44.9M | -57.6M | -227.8M | -190.7M | -826.3M |
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 | 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 | -200K | -12.9M | -6M | -6M | -7.5M | -22.3M | -11.5M | -13.2M | -199.2M | 137.7M | 4.6M | 1.7M |
| Depreciation & amortization | 0 | 0 | 8K | -117K | -306K | 827K | 265K | 269K | 268K | 244K | 327K | 236K |
| Stock-based compensation | 0 | 5.5M | 1.2M | 1.2M | 981K | 1.3M | 1M | 1.6M | 1.7M | 1.9M | 2.1M | 2M |
| Change in working capital | -717K | 2.7M | 1.7M | 8M | 6M | -3.4M | -8K | 241K | -654K | 13M | -14.3M | 560K |
| Operating cash flow | -955K | -5.2M | -3M | 3.1M | -883K | -23.6M | -10.3M | -30.5M | 2.3M | -14.2M | -18.3M | -5.6M |
| Capital expenditure | -59.3M | -74.1M | -46.5M | -31.2M | -35.3M | -65.4M | -117.9M | — | — | — | — | — |
| Investing cash flow | -59.3M | -74.1M | -46.5M | -31.2M | -35.3M | -65.4M | -117.9M | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 5.7M | 71.8M | -225K | 274.5M | 12M | 327.7M | -10.5M | 328.3M | 258.1M | 126.8M | 619.6M | 409.4M |
| Net change in cash | -54.6M | -7.4M | -49.8M | 246.4M | -24.1M | 238.7M | -138.7M | 297.8M | 260.4M | 112.6M | 601.3M | 403.8M |
| Free cash flow | -65.8M | -78.3M | -48M | -33.1M | -33.9M | -75M | -136.8M | -266.1M | -169.9M | -253.5M | -317.6M | -337.8M |