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 | -$0.56 | -$0.56 | 0.0% | — | $294.4M | — |
| Q1 26 | -$0.57 | -$0.49 | +14.0% | — | $258M | — |
| Q4 25 | -$0.43 | -$0.29 | +32.6% | — | $228.1M | — |
| Q3 25 | -$0.7 | -$0.51 | +27.1% | — | $194.5M | — |
| Q2 25 | -$0.76 | -$0.76 | 0.0% | — | $164.1M | — |
| Q1 25 | -$0.84 | -$0.76 | +9.5% | — | $151.2M | — |
| Q4 24 | -$0.56 | -$0.42 | +25.0% | — | $148.8M | — |
| Q3 24 | -$1.02 | -$0.95 | +6.9% | — | $136.6M | — |
| Q2 24 | -$0.87 | -$0.81 | +6.9% | — | $122M | — |
| Q1 24 | -$0.79 | -$0.67 | +15.2% | — | $119.1M | — |
| Q4 23 | -$0.8 | -$0.61 | +23.8% | — | $115.5M | — |
| Q3 23 | -$0.94 | -$0.88 | +6.4% | — | $114.5M | — |
| Q2 23 | -$1.03 | -$0.97 | +5.8% | — | $104.6M | — |
| Q1 23 | -$1.13 | -$0.95 | +15.9% | — | $95.2M | — |
| Q4 22 | -$1.2 | -$0.93 | +22.5% | — | $88.4M | — |
| Q3 22 | -$1.32 | -$1.37 | -3.8% | — | $74M | — |
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 | — | -$2.24 | — | — | $737.9M | — |
| FY24 | — | -$2.85 | — | — | $526.5M | — |
| FY23 | — | -$3.4 | — | — | $429.8M | — |
| FY22 | — | -$4.59 | — | — | $256.7M | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.5M | $67.3M | $94.4M | $128.4M | $256.7M | $429.8M | $526.5M | $737.9M |
| YoY change | — | +199.1% | +40.3% | +36% | +99.9% | +67.4% | +22.5% | +40.2% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22.5M | 67.3M | 94.4M | 128.4M | 256.7M | 429.8M | 526.5M | 737.9M |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 51M | 110M | 126.7M | 214.2M | 260.6M | 231.2M | 290.8M | 364.2M |
| Operating expenses | 55.7M | 119.8M | 146.1M | 266M | 340.2M | 320M | 376.6M | 458.1M |
| Operating income | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — |
| Pretax income | -52.6M | -107.9M | -120.8M | -233.6M | -294.8M | -229.8M | -203.9M | -160.9M |
| Income tax | 300K | 600K | 1.5M | 7.7M | 3M | 7.1M | -1.7M | 4.6M |
| Net income | -52.9M | -108.5M | -122.3M | -241.3M | -297.8M | -236.9M | -202.2M | -165.5M |
| Net margin | -235.1% | -161.2% | -129.6% | -187.9% | -116% | -55.1% | -38.4% | -22.4% |
| EBITDA | — | — | — | — | — | — | — | — |
| EPS | -1.21 | -2.49 | -3.63 | -3.94 | -4.59 | -3.4 | -2.85 | -2.24 |
| Diluted EPS | -1.21 | -2.49 | -3.63 | -3.94 | -4.59 | -3.4 | -2.85 | -2.24 |
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 | 114.5M | 115.5M | 119.1M | 122M | 136.6M | 148.8M | 151.2M | 164.1M | 194.5M | 228.1M | 258M | 294.4M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 61.3M | 53.5M | 60.2M | 66.6M | 82.8M | 81.2M | 79.1M | 85.4M | 92.4M | 107.3M | 108.3M | 125.5M |
| Operating expenses | 83.1M | 74.6M | 81.1M | 87.8M | 104.7M | 103M | 101.1M | 107.8M | 117.1M | 132.1M | 135.2M | 155.5M |
| Operating income | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -59.6M | -39.6M | -45.2M | -55.1M | -65.8M | -37.8M | -61.4M | -42.6M | -36.3M | -20.6M | -34.6M | -41.8M |
| Income tax | 1.9M | 2.8M | 2.1M | 2.1M | 1.9M | -7.8M | 1M | 1.3M | 1.2M | 1.1M | 1.2M | 1.6M |
| Net income | -61.5M | -42.4M | -47.3M | -57.2M | -67.7M | -30M | -62.4M | -43.9M | -37.5M | -21.7M | -35.8M | -43.4M |
| Net margin | -53.7% | -36.7% | -39.7% | -46.9% | -49.6% | -20.2% | -41.3% | -26.8% | -19.3% | -9.51% | -13.9% | -14.7% |
| EBITDA | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS | -0.88 | — | -0.67 | -0.81 | -0.95 | — | -0.86 | -0.6 | -0.51 | — | -0.47 | -0.56 |
| Diluted EPS | -0.88 | — | -0.67 | -0.81 | -0.95 | — | -0.86 | -0.6 | -0.51 | — | -0.47 | -0.56 |
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 | — | — | — | — | 888.1M | 1.1B | 2.6B | 5.3B | 3.4B |
| Enterprise value | — | — | — | — | -109.3M | 229M | 1.7B | 4.3B | 3.3B |
| Shares outstanding | 43.6M | 43.6M | 33.7M | 61.2M | 64.9M | 69.7M | 71M | 73.9M | 73.9M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -19.6 |
| P/S | — | — | — | — | 3.46 | 2.61 | 4.95 | 7.13 | 3.57 |
| P/B | — | — | — | — | 1.02 | 1.58 | 4.39 | 9.86 | 6.96 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -36.1 |
| EV/Sales | — | — | — | — | -0.43 | 0.53 | 3.23 | 5.88 | 3.41 |
| Earnings yield | — | — | — | — | — | — | — | — | -5.1% |
| FCF yield | — | — | — | — | -19.5% | -11.4% | -0.8% | -0.49% | 2.78% |
| PEG | — | — | — | — | — | — | — | — | 2.94 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | -11.8% |
| Net margin | -235.1% | -161.2% | -129.6% | -187.9% | -116% | -55.1% | -38.4% | -22.4% | -14.2% |
| ROE | 66.9% | 59.5% | -22.6% | -24.4% | -34.4% | -33.4% | -34.1% | -31% | -27% |
| ROA | — | — | — | — | — | — | -10.9% | -8.59% | -3.27% |
| Return on tangible assets | — | — | — | — | — | — | -11.3% | -8.84% | -7.07% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | — | — | — | — | 1.19 |
| Debt / equity | — | — | — | 0.02 | 0.04 | 0.06 | 0.18 | 0.34 | 0.45 |
| Debt / assets | — | — | — | — | — | — | 0.06 | 0.09 | 0.11 |
| Net debt / EBITDA | — | — | — | — | — | — | — | — | 1.63 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.52 | 1.54 | 2.8 | 2.1 | 3.95 | 6.17 | 7.41 | 9.98 | 12.9 |
| EPS (basic) | -1.21 | -2.49 | -3.63 | -3.94 | -4.59 | -3.4 | -2.85 | -2.24 | -2.24 |
| EPS (diluted) | -1.21 | -2.49 | -3.63 | -3.94 | -4.59 | -3.4 | -2.85 | -2.24 | -1.82 |
| Book value per share | -1.81 | -4.18 | 16.1 | 16.1 | 13.4 | 10.2 | 8.36 | 7.22 | 6.46 |
| FCF per share | -0.95 | -1.87 | -2.86 | -2.52 | -2.67 | -1.84 | -0.29 | -0.35 | 0.11 |
| Cash per share | 2.55 | 7.58 | 17.2 | 17.5 | 15.9 | 13.5 | 14.2 | 15 | 4.87 |
| Capex per share | 0.02 | 0.06 | 0.13 | 0.15 | 0.16 | 0.13 | 0.13 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 3.11% | 4.01% | 4.66% | 7.32% | 3.93% | 2.14% | 1.79% | — | — |
| Capex / operating cash flow | -0.96% | -2.03% | -3.21% | -3.62% | -2.99% | -5.38% | -4.88% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$3.94 |
| — |
| — |
| $128.4M |
| — |
| FY20 | — | -$3.63 | — | — | $94.4M | — |
| FY19 | — | -$2.49 | — | — | $67.3M | — |
| FY18 | — | -$1.21 | — | — | $22.5M | — |
| 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 | $114.5M | $115.5M | $119.1M | $122M | $136.6M | $148.8M | $151.2M | $164.1M | $194.5M | $228.1M | $258M | $294.4M |
| YoY change | +54.7% | +30.7% | +25.1% | +16.6% | +19.3% | +28.8% | +27% | +34.5% | +42.4% | +53.3% | +70.6% | +79.4% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 111.4M | 330.6M | 577.4M | 1.1B | 1B | 937.7M | 1B | 1.1B |
| Receivables | 37.7M | 74.4M | 135.1M | 216.8M | 336.4M | 360.4M | 471.6M | 555.7M |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — |
| Property, plant & equipment | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 0 | 600K | 600K | 1.2M | 103M | 83.8M | 65.2M | 54.2M |
| Total assets | — | — | — | — | — | — | 1.8B | 1.9B |
| Accounts payable | 3.8M | 4.6M | 14.4M | 19.7M | 19.5M | 23.8M | 31.1M | 26.9M |
| Short-term debt | — | — | — | — | — | — | — | — |
| Total current liabilities | — | — | — | — | — | — | — | — |
| Long-term debt | — | — | — | 22.3M | 35.2M | 43.1M | 107.2M | 182.1M |
| Total liabilities | — | — | — | — | — | — | 1.3B | 1.4B |
| Shareholders' equity | -79.1M | -182.5M | 541M | 988.2M | 866.8M | 708.9M | 593.4M | 533.6M |
| Total debt | — | — | — | 22.3M | 35.2M | 43.1M | 107.2M | 182.1M |
| Net debt | — | — | — | -248.3M | -247.3M | -221.4M | -268.8M | -202.9M |
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 | 558M | 937.7M | 920.6M | 924.4M | 585.3M | 1B | 639.8M | 670.3M | 586.8M | 1.1B | 577.8M | 559.9M |
| Receivables | 367.8M | 360.4M | 407.2M | 462.7M | 487.6M | 471.6M | 500.1M | 524.5M | 563M | 555.7M | 594.6M | 622.5M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 88.4M | 83.8M | 79M | 74.4M | 69.6M | 65.2M | 60.4M | 55.6M | 54.2M | 54.2M | 54.2M | 54.2M |
| Total assets | — | — | 1.6B | 1.7B | 1.8B | 1.8B | 1.9B | 1.9B | 1.9B | 1.9B | 2B | 2B |
| Accounts payable | 39M | 23.8M | 27.2M | 34.5M | 42.9M | 31.1M | 31.2M | 34.6M | 27M | 26.9M | 31.6M | 27.8M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-term debt | 37.4M | 43.1M | 54.2M | 67.3M | 88.8M | 107.2M | 123.7M | 143.7M | 151.7M | 182.1M | 200.4M | 226.4M |
| Total liabilities | — | — | 970M | 1.1B | 1.2B | 1.3B | 1.3B | 1.4B | 1.4B | 1.4B | 1.4B | 1.5B |
| Shareholders' equity | 726.9M | 708.9M | 676.4M | 635.2M | 593M | 593.4M | 545.5M | 527.1M | 516.2M | 533.6M | 518M | 499.5M |
| Total debt | 37.4M | 43.1M | 54.2M | 67.3M | 88.8M | 107.2M | 123.7M | 143.7M | 151.7M | 182.1M | 200.4M | 226.4M |
| Net debt | -194.3M | -221.4M | -224.5M | -275.9M | -241M | -268.8M | -185.5M | -233.8M | -194.2M | -202.9M | -173.9M | -141.2M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -52.9M | -108.5M | -122.3M | -241.3M | -297.8M | -236.9M | -202.2M | -165.5M |
| Depreciation & amortization | — | — | — | — | — | — | — | — |
| Stock-based compensation | 2.1M | 4.3M | 10.6M | 44.1M | 59.3M | 59.9M | 64.5M | 61.3M |
| Change in working capital | -21.9M | -29.6M | -39.8M | -68.6M | -108.4M | -2.2M | -66.1M | -124.2M |
| Operating cash flow | -72.7M | -132.9M | -137.1M | -259.6M | -338.2M | -171.1M | -192.8M | -16.5M |
| Capital expenditure | -700K | -2.7M | -4.4M | -9.4M | -10.1M | -9.2M | -9.4M | — |
| Investing cash flow | 6.4M | -55.9M | 50.1M | -804.8M | 181.1M | 88.7M | 40.6M | -79.7M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 119.8M | 299.4M | 339.3M | 640.3M | 0 | 14.9M | 68.4M | 74.7M |
| Net change in cash | 53.5M | 110.6M | 252.3M | -424.1M | -157.1M | -67.5M | -83.8M | -21.5M |
| Free cash flow | -41.5M | -81.4M | -96.1M | -154M | -173.1M | -128.3M | -20.8M | -25.9M |
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 | 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 | -61.5M | -42.4M | -47.3M | -57.2M | -67.7M | -30M | -62.4M | -43.9M | -37.5M | -21.7M | -35.8M | -43.4M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 15.4M | 14.3M | 14.9M | 15.4M | 16.9M | 17.3M | 10.3M | 15.4M | 17.1M | 18.5M | 21.2M | 24.5M |
| Change in working capital | 21.8M | 2.8M | -18M | -30.3M | -1.9M | -15.9M | -29.4M | -5.1M | -80.4M | -9.3M | -40.2M | -36.4M |
| Operating cash flow | -22.2M | -23.2M | -47.2M | -70M | -50.1M | -25.5M | -77M | 5.5M | 4.5M | 20.7M | -600K | -3.4M |
| Capital expenditure | -2.2M | -2.4M | -2.5M | -1.5M | -2.2M | -3.2M | -2.3M | — | — | — | — | — |
| Investing cash flow | 43.7M | 40.6M | 30.9M | 61.3M | -54.1M | 2.5M | -40.3M | 31.6M | -57.5M | -15.8M | -31.1M | -27.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 7.7M | 7.2M | 13.4M | 15.6M | 23.5M | 15.9M | 18.5M | 21.6M | 15.5M | 19.1M | 21.5M | 26.8M |
| Net change in cash | 29.2M | 24.6M | -2.9M | 6.9M | -80.7M | -7.1M | -98.8M | 58.7M | -37.5M | 24M | -10.2M | -4.2M |
| Free cash flow | -8.5M | -18.5M | -32.3M | -13.2M | 14.1M | 10.6M | -49.5M | 3.4M | 2.6M | 17.6M | -4.1M | -8M |