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 | $0.4 | +8.1% | — | $66.8M | — |
| Q1 26 | $0.31 | $0.23 | -25.8% | — | $51M | — |
| Q4 25 | $0.32 | $0.54 | +68.8% | — | $56.8M | — |
| Q3 25 | $0.51 | $0.24 | -52.9% | — | $50.8M | — |
| Q2 25 | $0.38 | $0.23 | -39.5% | — | $47.5M | — |
| Q1 25 | $0.36 | $0.22 | -38.9% | — | $44M | — |
| Q4 24 | $0.33 | $0.15 | -54.5% | — | $36.5M | — |
| Q3 24 | $2.36 | $0.15 | -93.6% | — | $28.5M | — |
| Q3 20 | $1.21 | $1.25 | +3.3% | — | — | — |
| Q2 20 | $2.91 | $3.03 | +4.1% | — | — | — |
| Q1 20 | $0.09 | $1.13 | +1155.6% | — | — | — |
| Q4 19 | -$0.42 | $0.25 | +159.5% | — | — | — |
| Q3 19 | -$0.72 | -$0.99 | -37.5% | — | — | — |
| Q2 19 | $1.86 | $1.88 | +1.1% | — | — | — |
| Q1 19 | $0.02 | $0.02 | 0.0% | — | — | — |
| Q4 18 | $0.2 | $0.24 | +20.0% | — | — | — |
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 | — | $1.08 | — | — | $199.1M | — |
| FY24 | — | $0.22 | — | — | $110M | — |
| FY23 | — | $0.78 | — | — | $92.9M | — |
| FY22 | — | -$0.44 | — | — | $51.8M | — |
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 | $51.8M | $92.9M | $110M | $199.1M |
| YoY change | — | +79.4% | +18.4% | +81.1% |
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 | 51.8M | 92.9M | 110M | 199.1M |
| Cost of revenue | 3.8M | 3.4M | 11M | 13.5M |
| Gross profit | 47.9M | 89.5M | 99M | 185.6M |
| Gross margin | 92.6% | 96.3% | 90% | 93.2% |
| Research & development | — | — | — | — |
| Selling, general & administrative | 41.8M | -11.8M | 112.3M | 62.4M |
| Operating expenses | 44.4M | -8.9M | 115.5M | 67.1M |
| Operating income | -3.2M | 89.5M | -16.5M | 118.5M |
| Operating margin | -6.24% | 96.3% | -15% | 59.5% |
| Non-operating income, net | 143K | 549K | 241K | -4.3M |
| Pretax income | -6.2M | 60.6M | -39.6M | 81.5M |
| Income tax | 164K | 3.4M | 1.9M | 9.1M |
| Net income | -6.4M | 57.3M | 5.4M | 72.4M |
| Net margin | -12.3% | 61.6% | 4.91% | 36.4% |
| EBITDA | 3.6M | 98.9M | -7.5M | 125.6M |
| EPS | -0.44 | 0.78 | 0.22 | 1.08 |
| Diluted EPS | -0.44 | 0.78 | 0.22 | 1.08 |
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 | 17.8M | 37.5M | 25M | 26M | 28.5M | 36.5M | 44M | 47.5M | 50.8M | 56.8M | 51M | 66.8M |
| Cost of revenue | 1M | 364K | 2.8M | 2.8M | 2.5M | 3M | 3.1M | 3M | 3M | 4.4M | 4.8M | 5.5M |
| Gross profit | 16.8M | 37.1M | 22.1M | 23.2M | 26M | 33.5M | 40.9M | 44.5M | 47.8M | 52.4M | 46.2M | 61.3M |
| Gross margin | 94.4% | 99% | 88.7% | 89.4% | 91.4% | 91.9% | 93% | 93.6% | 94.1% | 92.3% | 90.5% | 91.8% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | -5.6M | 8.8M | 2.2M | 73.8M | 22.1M | 14.2M | 14.7M | 14.8M | 15.9M | 17.1M | 15.7M | 15.9M |
| Operating expenses | -4.9M | 9.8M | 2.8M | 74.4M | 22.8M | 15.5M | 15.9M | 16M | 16.9M | 18.3M | 17M | 17.2M |
| Operating income | 19.1M | 24.9M | 19.4M | -51.2M | 3.2M | 18M | 25M | 28.5M | 30.9M | 34.1M | 29.2M | 44.2M |
| Operating margin | 107.3% | 66.5% | 77.6% | -197.4% | 11.2% | 49.4% | 57% | 60% | 60.8% | 60% | 57.2% | 66.1% |
| Non-operating income, net | 526K | 8K | 241K | — | — | 0 | — | — | — | — | -10K | -17K |
| Pretax income | 16.7M | -314K | 12.9M | -57.5M | -3.9M | 10.9M | 17.1M | 20.6M | 23M | 20.8M | 19.7M | 35M |
| Income tax | 104K | 3.1M | 721K | 137K | -1.1M | 2.8M | 1.6M | 2.1M | 2.7M | 2.6M | 1.8M | 3.9M |
| Net income | 16.6M | -3.4M | 12.2M | -57.7M | -2.8M | 8.2M | 15.5M | 18.5M | 20.3M | 18.2M | 17.9M | 31M |
| Net margin | 93.4% | -9.01% | 48.9% | -222.1% | -9.67% | 22.3% | 35.2% | 38.9% | 39.9% | 32% | 35% | 46.5% |
| EBITDA | 22.2M | 27.4M | 21.8M | -49.1M | 5.2M | 20.5M | 27.6M | 30.6M | 33.5M | 35.1M | 33M | 47.9M |
| EPS | 1.15 | — | 0.17 | -3.31 | 0.15 | 0.11 | 0.28 | 0.3 | 0.31 | 0.29 | 0.31 | 0.44 |
| Diluted EPS | 1.15 | — | 0.17 | -3.31 | -0.04 | 0.11 | 0.28 | 0.3 | 0.26 | 0.29 | 0.31 | 0.44 |
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 | — | — | — | — | 6.3B |
| Enterprise value | — | — | — | — | 3.3B |
| Shares outstanding | 14.5M | 14.5M | 23.3M | 27.8M | 27.8M |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | 72.5 |
| P/S | — | — | — | — | 28.2 |
| P/B | — | — | — | — | 6.45 |
| EV/EBITDA | — | — | — | — | 21.4 |
| EV/Sales | — | — | — | — | 14.6 |
| Earnings yield | — | — | — | — | 1.38% |
| FCF yield | — | — | — | — | 1.82% |
| PEG | — | — | — | — | 1.58 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Gross margin | 92.6% | 96.3% | 90% | 93.2% | 91.8% |
| Operating margin | -6.24% | 96.3% | -15% | 59.5% | 66.1% |
| Net margin | -12.3% | 61.6% | 4.91% | 36.4% | 16.5% |
| ROE | -3.03% | 38% | 0.89% | 9.12% | 11.5% |
| ROA | -2.3% | 19.8% | 0.54% | 5.3% | 7.07% |
| ROIC | -1.29% | 35% | -1.73% | 7.96% | 9.25% |
| Return on tangible assets | -2.97% | 24.7% | 0.59% | 6.63% | 7.01% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Current ratio | 2.17 | 1.93 | 3.7 | 4.87 | 7.27 |
| Quick ratio | 2.17 | 1.93 | 3.7 | 4.87 | 7.27 |
| Debt / equity | 0.27 | 0.85 | 0.63 | 0.71 | 0.64 |
| Debt / assets | 0.21 | 0.45 | 0.38 | 0.41 | 0.39 |
| Net debt / EBITDA | 11.4 | 0.92 | -46.1 | 4.21 | 3.32 |
| Interest coverage | -0.99 | 3.06 | -0.7 | 3.49 | 3.73 |
| Effective tax rate | 0% | 5.55% | 0% | 11.1% | 11.2% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Revenue per share | 3.57 | 6.41 | 4.73 | 7.15 | 8.37 |
| EPS (basic) | -0.44 | 0.78 | 0.22 | 1.08 | 1.08 |
| EPS (diluted) | -0.44 | 0.78 | 0.22 | 1.08 | 1.12 |
| Book value per share | 14.5 | 10.4 | 26.1 | 28.5 | 12.6 |
| FCF per share | 1.19 | 3.47 | 2.87 | 4.38 | 5.36 |
| Cash per share | 1.11 | 2.61 | 1.59 | 1.1 | 1.4 |
| Capex per share | — | — | — | 0.15 | 0.15 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 2.13% | 1.88% |
| Capex / operating cash flow | — | — | — | 3.35% | 2.73% |
| Payout ratio | -17.8% | 183.6% | 3.3K% | 88% | 39.1% |
| Dividend yield | — | — | — | — | 0.6% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Aug 27, 2026 | $0.12 |
| Jun 4, 2026 | $0.12 |
| Mar 5, 2026 | $0.12 |
| Dec 4, 2025 | $0.10 |
| Sep 4, 2025 | $0.10 |
| Jun 5, 2025 | $0.10 |
| Mar 6, 2025 | $0.10 |
| Dec 5, 2024 | $0.10 |
| Revenue | $17.8M | $37.5M | $25M | $26M | $28.5M | $36.5M | $44M | $47.5M | $50.8M | $56.8M | $51M | $66.8M |
| YoY change | — | +131.2% | +57.2% | +19.5% | +60% | -2.65% | +76% | +83.2% | +78.4% | +55.6% | +16% | +40.6% |
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 | 16.1M | 37.8M | 37M | 30.7M |
| Receivables | 10.9M | 12.4M | 12.5M | 19.4M |
| Inventory | — | — | — | — |
| Total current assets | 37.3M | 52.3M | 53.3M | 59.8M |
| Property, plant & equipment | 205.3M | 200.4M | 897.6M | 1.1B |
| Goodwill & intangibles | 61.8M | 57.3M | 90.5M | 273.9M |
| Total assets | 276M | 288.9M | 1B | 1.4B |
| Accounts payable | 38K | 200K | 489K | 562K |
| Short-term debt | 11.7M | 20.3M | 424K | 692K |
| Total current liabilities | 17.2M | 27.1M | 14.4M | 12.3M |
| Long-term debt | 45.9M | 108.3M | 380.8M | 559.6M |
| Total liabilities | 66.1M | 138.2M | 395.4M | 572.1M |
| Shareholders' equity | 210M | 150.7M | 608.1M | 794M |
| Total debt | 57.6M | 128.7M | 381.2M | 560.3M |
| Net debt | 41.5M | 90.9M | 344.2M | 529.5M |
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 | — | — | 4.8M | — | — | — | — | — | 28.3M | 30.7M | 29.7M | 39.8M |
| Receivables | — | — | 9.4M | — | — | — | — | — | 19.7M | 19.4M | 18.5M | 17.6M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | 16.4M | — | — | — | — | — | 57.4M | 59.8M | 59.3M | 70.8M |
| Property, plant & equipment | 157.7M | 157.7M | — | 585.5M | 585.6M | 855.1M | 872M | 872.4M | 912.8M | 1.1B | 1.1B | 1.1B |
| Goodwill & intangibles | — | — | 28.6M | — | — | — | — | — | 41.8M | 273.9M | 134.2M | 131.4M |
| Total assets | — | — | 637M | — | — | — | — | — | 1.1B | 1.4B | 1.4B | 1.4B |
| Accounts payable | — | — | 550K | — | — | — | — | — | 637K | 562K | 369K | 742K |
| Short-term debt | — | — | 35.2M | — | — | — | — | — | 924K | 692K | 433K | 194K |
| Total current liabilities | — | — | 40.2M | — | — | — | — | — | 13.8M | 12.3M | 18.8M | 9.7M |
| Long-term debt | — | — | 260.2M | — | — | — | — | — | 366.1M | 559.6M | 535.1M | 535.5M |
| Total liabilities | — | — | 303.2M | — | — | — | — | — | 380.1M | 572.1M | 554.1M | 545.5M |
| Shareholders' equity | — | — | 333.8M | — | — | — | — | — | 697.8M | 794M | 808.1M | 831.8M |
| Total debt | — | — | 295.5M | — | — | — | — | — | 367M | 560.3M | 535.5M | 535.7M |
| Net debt | — | — | 290.7M | — | — | — | — | — | 338.7M | 529.5M | 505.9M | 495.9M |
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 | -6.4M | 63.2M | -41.5M | 72.4M |
| Depreciation & amortization | 6.7M | 8.8M | 8.8M | 11.5M |
| Stock-based compensation | 36.4M | -17.2M | 95.3M | 45.3M |
| Change in working capital | -7.6M | -2.7M | 2.3M | -9.7M |
| Operating cash flow | 29.1M | 52.4M | 66.3M | 126.3M |
| Capital expenditure | — | — | — | -4.2M |
| Investing cash flow | -8.4M | 11K | -723.4M | -233.1M |
| Dividends paid | -1.1M | -105.2M | -178.2M | -63.7M |
| Share repurchases | — | — | — | — |
| Financing cash flow | 3.3M | -37.8M | 655.9M | 100.5M |
| Net change in cash | 24M | 14.6M | -1.2M | -6.3M |
| Free cash flow | 17.2M | 50.3M | 66.7M | 122M |
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 | 16.6M | 2.5M | 10.8M | -57.7M | -2.8M | 8.2M | 15.5M | 18.5M | 20.3M | 18.2M | 17.9M | 31M |
| Depreciation & amortization | 2.6M | 2.4M | 2.1M | 2.1M | 2M | 2.5M | 2.6M | 2.5M | 2.6M | 3.7M | 4.4M | 4.4M |
| Stock-based compensation | -6.9M | 7.2M | 810K | 71.8M | 11.6M | 11.1M | 11.1M | 11.3M | 11.2M | 11.7M | 11.3M | 11.2M |
| Change in working capital | 3.2M | 608K | 3M | -918K | -1.8M | 845K | -12.9M | 6.7M | -2.4M | -135K | -2.1M | -965K |
| Operating cash flow | 15.7M | 12.9M | 16.9M | 15.8M | 8.3M | 24.1M | 17.2M | 37.3M | 34.9M | 38.1M | 41.1M | 41.4M |
| Capital expenditure | — | — | — | — | — | — | — | -1.2M | -1.2M | -1.7M | -180K | -1.1M |
| Investing cash flow | 0 | 0 | -55.1M | -375.4M | -750K | -292.1M | -17.8M | -2.1M | -1.1M | -212M | -2.1M | -11.3M |
| Dividends paid | -82.2M | 0 | 0 | 0 | -170.9M | -7.4M | -13.6M | -24.4M | -14.8M | -10.9M | -14.7M | -18.6M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -14.7M | 8.2M | 9M | 375.5M | -294.9M | 288M | -20.1M | -29.8M | -25.8M | 176.3M | -40M | -20M |
| Net change in cash | 1M | 21.1M | -29.1M | 15.9M | -287.4M | 20M | -20.7M | 5.4M | 8M | 2.4M | -1.1M | 10.1M |
| Free cash flow | 16M | 12.3M | 17.1M | 15.7M | 7.1M | 26.7M | 15.8M | 36.1M | 33.7M | 36.4M | 40.9M | 40.2M |