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 | — | -$0.01 | — | — | $108.5M | — |
| Q4 25 | $0.02 | $0.09 | +350.0% | — | $52.7M | — |
| Q3 25 | -$0.16 | -$0.1 | +37.5% | — | $53.6M | — |
| Q2 25 | -$0.2 | -$0.13 | +35.0% | — | $57.4M | — |
| Q1 25 | -$0.12 | -$0.12 | 0.0% | — | $60.8M | — |
| Q4 24 | -$0.13 | -$0.12 | +7.7% | — | $61M | — |
| Q3 24 | -$0.13 | -$0.12 | +7.7% | — | $62.9M | — |
| Q2 24 | -$0.09 | -$0.17 | -88.9% | — | $31.3M | — |
| Q1 24 | -$0.03 | -$0.04 | -33.3% | — | $48.7M | — |
| Q4 23 | -$0.03 | -$0.02 | +33.3% | — | $41.2M | — |
| Q3 23 | — | $0.04 | — | — | $52.5M | — |
| Q2 23 | $0.06 | $0.09 | +50.0% | — | $64M | — |
| Q1 23 | $0.18 | $0.27 | +50.0% | — | $95.7M | — |
| Q4 22 | $0.17 | $0.42 | +147.1% | — | $93.2M | — |
| Q3 22 | $0.3 | $0.36 | +20.0% | — | $124.4M | — |
| Q2 22 | $0.33 | $0.43 | +30.3% | — | $143.6M | — |
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 | — | -$0.5 | — | — | $224.4M | — |
| FY24 | — | -$0.39 | — | — | $203.9M | — |
| FY23 | — | $0.14 | — | — | $253.4M | — |
| FY22 | — | $1.64 | — | — | $527.5M | — |
| FY21 | — | $0.78 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $73.4M | $134.3M | $332M | $527.5M | $253.4M | $203.9M | $224.4M |
| YoY change | — | +83% | +147.2% | +58.9% | -52% | -19.6% | +10.1% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 73.4M | 134.3M | 332M | 527.5M | 253.4M | 203.9M | 224.4M |
| Cost of revenue | 67.8M | 70.7M | 100.6M | 110.6M | 148.4M | 270.6M | 282.1M |
| Gross profit | 5.6M | 63.6M | 231.3M | 416.9M | 105M | -66.8M | -57.6M |
| Gross margin | 7.6% | 47.3% | 69.7% | 79% | 41.4% | -32.8% | -25.7% |
| Research & development | 0 | 140K | 4.2M | 4.2M | 14.9M | 9.3M | 24.2M |
| Selling, general & administrative | 11.1M | 26.8M | 56.6M | 75.9M | 79.2M | 83.3M | 112.1M |
| Operating expenses | 13.2M | 31.6M | 65.6M | 82M | 101.4M | 97M | 87.5M |
| Operating income | -7.6M | 32M | 165.7M | 335M | 3.6M | -163.7M | -145.1M |
| Operating margin | -10.4% | 23.8% | 49.9% | 63.5% | 1.42% | -80.3% | -64.6% |
| Non-operating income, net | 4.3M | -66.5M | 3.4M | 12M | 34.7M | 93.4M | 58.8M |
| Pretax income | -6.8M | -39.5M | 160.2M | 341.2M | 33.1M | -93.3M | -117.8M |
| Income tax | 1K | -17.6M | 25.2M | 52.1M | 8.8M | -27.9M | -31.9M |
| Net income | -6.8M | -21.8M | 135M | 289M | 24.3M | -65.4M | -85.9M |
| Net margin | -9.2% | -16.2% | 40.7% | 54.8% | 9.59% | -32.1% | -38.3% |
| EBITDA | 1.3M | 39.2M | 193.9M | 372.8M | 115.4M | -39.5M | 7.3M |
| EPS | -0.1 | -0.27 | 0.78 | 1.64 | 0.14 | -0.39 | -0.5 |
| Diluted EPS | -0.1 | -0.27 | 0.73 | 1.52 | 0.14 | -0.57 | -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 | 52.5M | 41.2M | 48.7M | 31.3M | 62.9M | 61M | 60.8M | 57.4M | 53.6M | 52.7M | 90.6M | 108.5M |
| Cost of revenue | 39M | 42.2M | 54M | 59.7M | 76.6M | 80.4M | 70.2M | 71.2M | 71M | 69.7M | 106.4M | 107.7M |
| Gross profit | 13.5M | -1M | -5.3M | -28.4M | -13.7M | -19.4M | -9.4M | -13.8M | -17.4M | -17M | -15.7M | 819K |
| Gross margin | 25.8% | -2.44% | -10.9% | -90.9% | -21.7% | -31.8% | -15.5% | -24.1% | -32.5% | -32.2% | -17.4% | 0.75% |
| Research & development | 2.9M | -10.8M | 4.2M | 1.9M | 2.1M | 1.2M | 474K | 2.5M | 19M | 2.2M | 1.9M | 1.3M |
| Selling, general & administrative | 19.6M | 21.4M | 21.3M | 21.4M | 21.5M | 19.1M | 24.2M | 27.4M | 28.4M | 32.1M | 33.6M | 35.2M |
| Operating expenses | 23.7M | 17.2M | 25.9M | 23.7M | 24.2M | 23.2M | 24.4M | 29.3M | 48.2M | -14.4M | 2.5M | 18.4M |
| Operating income | -10.2M | -18.2M | -31.1M | -52.1M | -37.9M | -42.6M | -33.8M | -43.1M | -65.6M | -2.6M | -18.2M | -17.6M |
| Operating margin | -19.4% | -44.2% | -64% | -166.7% | -60.2% | -69.8% | -55.6% | -75.1% | -122.5% | -4.85% | -20.1% | -16.2% |
| Non-operating income, net | 7.1M | -1.4M | 57.6M | 10.7M | 9.7M | 15.4M | 14.2M | 5.8M | 15.7M | 23M | 14.4M | -2M |
| Pretax income | -4.5M | -20.7M | 23.6M | -48.2M | -34.9M | -34M | -27.2M | -42.7M | -58.4M | 10.6M | -13.6M | -29.3M |
| Income tax | -200K | -4.4M | 7.1M | -14.1M | -9.3M | -11.6M | -4.5M | -11.9M | -16.7M | 1.1M | -5.7M | -9M |
| Net income | -4.3M | -16.3M | 16.5M | -34.1M | -25.5M | -22.3M | -22.6M | -30.9M | -41.8M | 9.4M | -8M | -20.3M |
| Net margin | -8.14% | -39.5% | 33.9% | -108.9% | -40.5% | -36.6% | -37.2% | -53.8% | -78% | 17.9% | -8.79% | -18.7% |
| EBITDA | 21M | 14.5M | -103K | -21.8M | -7.2M | -10.3M | 2.8M | -15.8M | -26M | 46.2M | 34.2M | 30.2M |
| EPS | -0.02 | -0.09 | 0.09 | -0.21 | -0.16 | -0.14 | -0.14 | -0.19 | -0.24 | 0.05 | -0.04 | -0.11 |
| Diluted EPS | -0.02 | -0.09 | 0.08 | -0.21 | -0.16 | -0.14 | -0.14 | -0.19 | -0.24 | 0.05 | -0.04 | -0.11 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 4.3B | 3.5B | 2.6B | 8.6B | 8.3B |
| Enterprise value | — | — | — | 3.8B | 3.2B | 2.7B | 7.8B | 8.6B |
| Shares outstanding | 68.9M | 79.7M | 173.5M | 176.5M | 177.2M | 166.8M | 170.1M | 170.1M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | 14.8 | 144.7 | — | — | 770.5 |
| P/S | — | — | — | 8.12 | 13.9 | 12.8 | 38.3 | 20.9 |
| P/B | — | — | — | 3.27 | 2.58 | 2.47 | 4.34 | 4.44 |
| EV/EBITDA | — | — | — | 10.1 | 27.8 | -67.5 | 1.1K | 212.4 |
| EV/Sales | — | — | — | 7.17 | 12.7 | 13.1 | 34.6 | 20.8 |
| Earnings yield | — | — | — | 6.74% | 0.69% | — | — | 0.13% |
| FCF yield | — | — | — | 0.39% | -5.66% | -6.65% | -3.82% | -5.23% |
| PEG | — | — | — | — | — | — | — | -18.3 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 7.6% | 47.3% | 69.7% | 79% | 41.4% | -32.8% | -25.7% | 0.75% |
| Operating margin | -10.4% | 23.8% | 49.9% | 63.5% | 1.42% | -80.3% | -64.6% | -14.7% |
| Net margin | -9.2% | -16.2% | 40.7% | 54.8% | 9.59% | -32.1% | -38.3% | -14.6% |
| ROE | 37.5% | -2.56% | 13.4% | 22% | 1.78% | -6.2% | -4.34% | -3.58% |
| ROA | -6.64% | -2.03% | 7.15% | 12.9% | 1.04% | -2.8% | -2.22% | -1.52% |
| ROIC | 361.5% | 7.9% | 26.8% | 35.1% | 0.25% | -14.6% | -12.6% | -7.23% |
| Return on tangible assets | -6.64% | -2.03% | 7.15% | 12.9% | 1.05% | -2.82% | -2.23% | -1.81% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.88 | 13 | 21.4 | 13.3 | 10.4 | 6.29 | 7.24 | 9.51 |
| Quick ratio | 0.14 | 12.3 | 20.8 | 12.7 | 9.54 | 5.63 | 6.67 | 8.56 |
| Debt / equity | -1.04 | 0.08 | 0.69 | 0.52 | 0.5 | 0.87 | 0.51 | 0.41 |
| Debt / assets | 0.18 | 0.07 | 0.37 | 0.3 | 0.29 | 0.39 | 0.26 | 0.25 |
| Net debt / EBITDA | 11.8 | -11.5 | -2.52 | -1.35 | -2.68 | -1.61 | -113.4 | -6.12 |
| Interest coverage | -0.98 | -6.88 | 19 | 60 | 7.3 | -3.06 | -2.74 | -1.39 |
| Effective tax rate | 0% | 0% | 15.7% | 15.3% | 26.5% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.07 | 1.69 | 1.91 | 2.99 | 1.43 | 1.22 | 1.32 | 2.35 |
| EPS (basic) | -0.1 | -0.27 | 0.78 | 1.64 | 0.14 | -0.39 | -0.5 | -0.5 |
| EPS (diluted) | -0.1 | -0.27 | 0.73 | 1.52 | 0.14 | -0.57 | -0.5 | -0.33 |
| Book value per share | -0.26 | 10.7 | 5.82 | 7.44 | 7.71 | 6.32 | 11.6 | 11 |
| FCF per share | -0.04 | -0.24 | -0.13 | 0.1 | -1.12 | -1.04 | -1.93 | -2.83 |
| Cash per share | 0.04 | 6.52 | 6.8 | 6.7 | 5.63 | 5.1 | 10.8 | 8.16 |
| Capex per share | 0.08 | 0.28 | 0.71 | 1.85 | 1.48 | 1.12 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 7.66% | 16.7% | 37.3% | 61.9% | 103.3% | 91.4% | — | — |
| Capex / operating cash flow | 186.2% | 1.6K% | 102.2% | 95% | 250.1% | 244.4% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $332M |
| — |
| FY20 | — | -$0.27 | — | — | $134.3M | — |
| FY19 | — | -$0.1 | — | — | $73.4M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $52.5M | $41.2M | $48.7M | $31.3M | $62.9M | $61M | $60.8M | $57.4M | $53.6M | $52.7M | $90.6M | $108.5M |
| YoY change | -57.8% | -55.8% | -49.1% | -51.2% | +19.8% | +48% | +24.9% | +83.6% | -14.9% | -13.6% | +49.1% | +89% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 2.8M | 519.7M | 1.2B | 1.2B | 997.8M | 850.9M | 1.8B |
| Receivables | 370K | 3.6M | 51M | 32.9M | 10M | 18.9M | 14.6M |
| Inventory | 23M | 32.3M | 38.7M | 57.6M | 95.2M | 107.9M | 171.6M |
| Total current assets | 27.4M | 561M | 1.3B | 1.3B | 1.1B | 1B | 2.2B |
| Property, plant & equipment | 95.1M | 579.3M | 814.7M | 482.3M | 637.5M | 724.8M | 843.1M |
| Goodwill & intangibles | — | — | — | 178K | 17.8M | 14.7M | 12.3M |
| Total assets | 101.8M | 1.1B | 1.9B | 2.2B | 2.3B | 2.3B | 3.9B |
| Accounts payable | — | 16.2M | 35.7M | 15.3M | 28M | 23.6M | 36.7M |
| Short-term debt | 4.7M | 24.7M | 16.1M | — | — | — | 67.4M |
| Total current liabilities | 31.3M | 43.1M | 59.5M | 97.5M | 108.5M | 164M | 299M |
| Long-term debt | 14M | 46.1M | 674.9M | 678.5M | 688.8M | 914.5M | 939.8M |
| Total liabilities | 119.8M | 220.4M | 880.9M | 925.2M | 970.7M | 1.3B | 1.9B |
| Shareholders' equity | -18M | 853.9M | 1B | 1.3B | 1.4B | 1.1B | 2B |
| Total debt | 18.7M | 70.8M | 691M | 678.5M | 688.8M | 914.5M | 1B |
| Net debt | 15.9M | -448.8M | -488.3M | 541.8M | 425.5M | 632.1M | -158.8M |
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 | 1.1B | 997.8M | 946.8M | 937M | 866.5M | 850.9M | 759.2M | 753.7M | 1.9B | 1.8B | 1.7B | 1.5B |
| Receivables | 13.2M | 10M | 21.6M | 8.5M | 14.5M | 18.9M | 69.7M | 21.8M | 14.8M | 14.6M | 47.3M | 40.4M |
| Inventory | 77.2M | 95.2M | 108.5M | 115.4M | 116.7M | 107.9M | 133.1M | 128M | 144.4M | 171.6M | 169.2M | 173.4M |
| Total current assets | 1.2B | 1.1B | 1.1B | 1.1B | 1B | 1B | 1B | 960.4M | 2.2B | 2.2B | 2B | 1.7B |
| Property, plant & equipment | 644.3M | 637.5M | 675M | 694.4M | 705.9M | 724.8M | 751M | 761.1M | 767.2M | 843.1M | 893.9M | 1.1B |
| Goodwill & intangibles | 9.2M | 17.8M | 17.2M | 16.6M | 15.9M | 14.7M | 14.1M | 13.5M | — | 12.3M | 397M | 375.1M |
| Total assets | 2.3B | 2.3B | 2.4B | 2.4B | 2.3B | 2.3B | 2.4B | 2.3B | 3.8B | 3.9B | 3.8B | 3.7B |
| Accounts payable | 92.1M | 28M | 26.1M | 19.8M | 21.7M | 23.6M | 20.9M | 21.7M | 25.4M | 36.7M | 33M | 46M |
| Short-term debt | 728K | — | — | — | — | — | 67.3M | 67.4M | 67.5M | 67.4M | 67.5M | — |
| Total current liabilities | 97M | 108.5M | 107.5M | 158.1M | 146.8M | 164M | 248.2M | 266.9M | 270.2M | 299M | 285.3M | 183.5M |
| Long-term debt | 688.1M | 688.8M | 942.2M | 942.9M | 943.6M | 914.5M | 848.8M | 849.4M | 929.7M | 939.8M | 932.9M | 934.6M |
| Total liabilities | 946.1M | 970.7M | 1.2B | 1.3B | 1.2B | 1.3B | 1.3B | 1.3B | 1.8B | 1.9B | 1.9B | 1.8B |
| Shareholders' equity | 1.4B | 1.4B | 1.1B | 1.1B | 1.1B | 1.1B | 1B | 1B | 2B | 2B | 2B | 2B |
| Total debt | 688.8M | 688.8M | 942.2M | 942.9M | 943.6M | 914.5M | 916.2M | 916.8M | 997.3M | 1B | 1B | 934.6M |
| Net debt | 141.2M | 425.5M | 645.7M | 647.3M | 659.2M | 632.1M | 717.8M | 655.3M | -149.9M | -158.8M | 114.2M | 505.5M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -6.8M | -21.8M | 135M | 289M | 24.3M | -65.4M | -85.9M |
| Depreciation & amortization | 4.7M | 6.9M | 24.4M | 18.4M | 55.7M | 78.1M | 89.3M |
| Stock-based compensation | 0 | 5M | 22.9M | 31.8M | 25.2M | 23.2M | 30.2M |
| Change in working capital | 2M | -21.6M | -33.6M | -5.3M | -13.4M | 59.5M | -127.6M |
| Operating cash flow | 3M | 1.4M | 121.1M | 343.6M | 104.7M | 76.3M | -155.8M |
| Capital expenditure | 5.6M | -22.4M | -123.7M | -326.6M | -261.9M | -186.4M | — |
| Investing cash flow | 5.6M | -22.4M | -119.4M | -1.4B | 68.7M | 10.1M | -37.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | -225.1M | -31.1M |
| Financing cash flow | -4.1M | 1.1B | 666.1M | -24.2M | -9.9M | -4.8M | 1.1B |
| Net change in cash | 4.5M | 1B | 667.9M | -1B | 163.5M | 81.6M | 863M |
| Free cash flow | -2.7M | -19.1M | -21.9M | 16.9M | -199.2M | -173.1M | -328.1M |
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 | -4.3M | -16.3M | 16.5M | -34.1M | -25.5M | -22.3M | -22.6M | -30.9M | -41.8M | 9.4M | -8M | -20.3M |
| Depreciation & amortization | 16.8M | 18.6M | 18.4M | 18.2M | 19.3M | 22.1M | 21.4M | 20.8M | 22.5M | 24.6M | 32.1M | 35.4M |
| Stock-based compensation | 6.3M | 6.2M | 7.5M | 5.7M | 5.5M | 4.6M | 7.4M | 5.6M | 7.7M | 9.6M | 12.9M | 11.3M |
| Change in working capital | -7.5M | -33.5M | -39.8M | 50.1M | 9.8M | 39.5M | -49.2M | 11.7M | -12.6M | -77.6M | -19.7M | -2.5M |
| Operating cash flow | 12.5M | -28.5M | 10.8M | 27.5M | 1.8M | 36.2M | -46.6M | -3.7M | -42M | -46.9M | -1.9M | 6.8M |
| Capital expenditure | -58.7M | -73M | -51.8M | -46.5M | -46.4M | -41.6M | -28.8M | — | — | — | — | — |
| Investing cash flow | -391.3M | -259.5M | 40.7M | -29.7M | 20.7M | -21.6M | -15.7M | 74.4M | -282.6M | 135.4M | -182.4M | -164.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | — | -200.8M | 0 | -24.3M | 0 | 0 | 0 | 0 | -31.1M | — | — |
| Financing cash flow | -978K | -1.3M | 32.9M | -1.6M | -25.3M | -10.8M | -5M | -2.7M | 24.6M | -7.3M | -18.5M | -69.4M |
| Net change in cash | -379.8M | -289.3M | 84.5M | -3.8M | -2.9M | 3.7M | -67.3M | 68M | -300M | 81.3M | -202.9M | -227.1M |
| Free cash flow | -47.7M | -86.8M | -93M | -15.6M | -53.3M | -11.2M | -93.7M | -32.7M | -92.5M | -109.3M | -79.3M | -223.5M |