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 | -$0.07 | $1.28 | +1928.6% | — | $0 | — |
| Q1 26 | -$0.07 | -$0.17 | -142.9% | — | $0 | — |
| Q4 25 | -$0.09 | -$0.08 | +11.1% | — | $0 | — |
| Q3 25 | -$0.16 | -$1.62 | -912.5% | — | $0 | — |
| Q2 25 | -$0.12 | -$0.11 | +8.3% | — | $0 | — |
| Q1 25 | -$0.11 | -$0.49 | -345.5% | — | $0 | — |
| Q4 24 | -$0.1 | -$0.14 | -40.0% | — | $0 | — |
| Q3 24 | -$0.12 | $0.01 | +108.3% | — | $12K | — |
| Q2 24 | -$0.05 | -$0.02 | +60.0% | — | $238K | — |
| Q1 24 | -$0.06 | -$0.05 | +16.7% | — | $0 | — |
| Q4 23 | -$0.06 | $0.1 | +266.7% | — | $0 | — |
| Q3 23 | -$0.06 | -$0.13 | -116.7% | — | $0 | — |
| Q1 23 | -$0.08 | -$0.74 | -825.0% | — | $50K | — |
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 | — | -$7.34 | — | — | $0 | — |
| FY24 | — | -$0.67 | — | — | $250K | — |
| FY22 | — | -$14.8 | — | — | $580K | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $580K | $250K | $0 |
| YoY change | — | — | -100% |
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 | $0 | $0 | $0 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 580K | 250K | 0 |
| Cost of revenue | 275K | 31K | 0 |
| Gross profit | 305K | 219K | 0 |
| Gross margin | 52.6% | 87.6% | — |
| Research & development | 19M | 65.8M | 171.9M |
| Selling, general & administrative | 18M | 34.1M | 45.3M |
| Operating expenses | 36.9M | 99.9M | 217.1M |
| Operating income | -50M | -181.3M | -279.5M |
| Operating margin | -8.6K% | -72.5K% | — |
| Non-operating income, net | 38K | -25.3M | -1.4B |
| Pretax income | -54.8M | -175.2M | -1.7B |
| Income tax | 0 | -10.6M | -4.3M |
| Net income | -54.8M | -164.6M | -1.7B |
| Net margin | -9.4K% | -65.9K% | — |
| EBITDA | -36.6M | -74M | 1.2B |
| EPS | -14.8 | -0.67 | -7.34 |
| Diluted EPS | -14.8 | -0.67 | -7.34 |
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 | 238K | 12K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 0 | -3K | 0 | 30K | 1K | 0 | 0 | 0 | 0 | 0 | — | — |
| Gross profit | 0 | 3K | 0 | 208K | 11K | 0 | 0 | 0 | 0 | 0 | — | — |
| Gross margin | — | — | — | 87.4% | 91.7% | — | — | — | — | — | — | — |
| Research & development | 15.1M | 16.7M | 11.6M | 16.4M | 17.6M | 20.3M | 27.1M | 53.8M | 34.6M | 56.4M | 20.7M | 5.3M |
| Selling, general & administrative | 34M | 34.1M | 7.2M | 8.7M | 9.5M | 8.8M | 9.9M | 15.1M | 10.5M | 9.8M | 10.1M | 7.4M |
| Operating expenses | 49.1M | 50.8M | 18.7M | 25M | 27M | 29.1M | 37M | 68.9M | 45.1M | 66.2M | 30.8M | 12.8M |
| Operating income | -74M | -75.8M | -38.8M | -44.9M | -47.2M | -50.4M | -58.7M | -90.6M | -60.7M | -69.7M | -34.2M | -16.2M |
| Operating margin | — | — | — | -18.8K% | -393.7K% | — | — | — | — | — | — | — |
| Non-operating income, net | -140M | 9.4M | -14.6M | 16.3M | 27.7M | -54.7M | -320.4M | 1.4M | -1.1B | 5.7M | 5M | -193.7M |
| Pretax income | -203.2M | -55.5M | -45.7M | -19.6M | -11.6M | -98.4M | -373.2M | -83.7M | -1.2B | -59.9M | -25.8M | -206.9M |
| Income tax | -681K | -5.7M | -4M | -2.4M | -4.7M | 557K | 397K | -1.6M | -1.2M | -1.9M | 0 | 2K |
| Net income | -202.6M | -49.9M | -41.6M | -17.2M | -6.8M | -99M | -373.6M | -82M | -1.2B | -58M | -25.8M | -206.9M |
| Net margin | — | — | — | -7.2K% | -56.8K% | — | — | — | — | — | — | — |
| EBITDA | 91M | -50.8M | -4.1M | -41.1M | -54.7M | 25.9M | 304.8M | -70.3M | 1.1B | -71.9M | -35.8M | 181M |
| EPS | -0.96 | — | -0.16 | -0.06 | 0.01 | — | -1.55 | -0.36 | -5.28 | — | -0.12 | -0.91 |
| Diluted EPS | -0.96 | — | -0.16 | -0.06 | 0.01 | — | -1.55 | -0.36 | -5.28 | — | -0.12 | -0.91 |
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 | — | 37.7M | — | — | 179.7M | 138M |
| Enterprise value | — | 33.3M | — | — | -154.4M | 62.2M |
| Shares outstanding | — | 3.7M | — | 73.4M | 78.8M | 78.8M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 114.8 |
| P/S | — | 64.9 | — | — | — | — |
| P/B | — | 0.58 | — | — | 0.34 | 1.65 |
| EV/EBITDA | — | -0.91 | — | — | -0.13 | -0.35 |
| EV/Sales | — | 57.4 | — | — | — | — |
| Earnings yield | — | — | — | — | — | 0.87% |
| FCF yield | — | -44.5% | — | — | -86.4% | -78.7% |
| PEG | — | — | — | — | — | 0.75 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | — | 52.6% | — | 87.6% | — | — |
| Operating margin | — | -8.6K% | — | -72.5K% | — | 0% |
| Net margin | — | -9.4K% | — | -65.9K% | — | 0% |
| ROE | — | -85.1% | — | -7.61% | -312.7% | -142% |
| ROA | — | -70.1% | — | -7.18% | -279% | -10.6% |
| ROIC | — | -83.3% | — | -10.9% | -139% | -2.3K% |
| Return on tangible assets | — | -70.6% | — | 18.1% | -707.4% | -429.8% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | — | 0.89 | — | 28.7 | 7.24 | 17.8 |
| Quick ratio | — | 0.89 | — | 28.7 | 7.24 | 17.8 |
| Debt / equity | — | 0.01 | — | 0 | 0.01 | 0.01 |
| Debt / assets | — | 0.01 | — | 0 | 0.01 | 0.01 |
| Net debt / EBITDA | — | 0.12 | — | 6.81 | -0.27 | -0.27 |
| Interest coverage | — | -10.4 | — | — | — | — |
| Effective tax rate | — | 0% | — | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | — | 0.16 | — | 0 | 0 | 0 |
| EPS (basic) | — | -14.8 | — | -0.67 | -7.34 | -7.34 |
| EPS (diluted) | — | -14.8 | — | -0.67 | -7.34 | -6.19 |
| Book value per share | — | 17.4 | — | 29.5 | 6.79 | 0.94 |
| FCF per share | — | -4.52 | — | -1.38 | -1.97 | -1.89 |
| Cash per share | — | 1.39 | — | 6.92 | 4.29 | 3.48 |
| Capex per share | — | 0.03 | — | 0.94 | 0.02 | 0.01 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | — | 19.8% | — | 27.5K% | — | — |
| Capex / operating cash flow | — | -0.65% | — | -191.2% | -1.01% | -0.44% |
| Payout ratio | — | 0% | — | 0% | — | 0% |
| Dividend yield | — | 0% | — | — | — | — |
| $238K |
| $12K |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| YoY change | -100% | 0% | -100% | — | +InfinityT% | 0% | 0% | -100% | -100% | 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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 2.6M | 5.2M | 636.9M | 507.6M | 337.9M |
| Receivables | — | 352K | 58K | 0 | — |
| Inventory | — | — | — | — | — |
| Total current assets | 3.3M | 7.5M | 640.8M | 513M | 343.8M |
| Property, plant & equipment | — | 70.4M | 99.1M | 154.2M | 33.3M |
| Goodwill & intangibles | — | 526K | 3.5B | 3.2B | 363.1M |
| Total assets | 348.4M | 78.1M | 2.5B | 2.3B | 599.7M |
| Accounts payable | 143.4K | 577K | 617K | 3.1M | 1.4M |
| Short-term debt | — | 130K | 347K | 870K | 1.2M |
| Total current liabilities | 519.3K | 8.5M | 12M | 17.9M | 47.5M |
| Long-term debt | — | 656K | 1.8M | 2.2M | 2.6M |
| Total liabilities | 42.3M | 13.7M | 140.1M | 131.9M | 64.5M |
| Shareholders' equity | 306.1M | 64.4M | 2.3B | 2.2B | 535.2M |
| Total debt | — | 786K | 2.2M | 3.1M | 3.8M |
| Net debt | — | -4.4M | -534.8M | -326.1M | -195.6M |
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 | Q1 23 | Q3 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 | 844.7K | 645.2M | 597.8M | 579.4M | 559.1M | 507.6M | 490.7M | 403.4M | 365.4M | 337.9M | 308M | 308.4M |
| Receivables | — | 0 | 0 | 5K | 0 | 0 | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.1M | 650.9M | 600M | 583.1M | 564.1M | 513M | 497.9M | 408.5M | 369.6M | 343.8M | 311.1M | 312.9M |
| Property, plant & equipment | — | 91.9M | 103.2M | 109.9M | 133.6M | 154.2M | 102.6M | 100.6M | 16.9M | 33.3M | 41.1M | 23.7M |
| Goodwill & intangibles | — | 3.5B | 3.4B | 3.3B | 3.2B | 3.2B | 2.4B | 2.4B | 368.1M | 363.1M | 358.1M | 804K |
| Total assets | 354.7M | 2.5B | 2.4B | 2.4B | 2.3B | 2.3B | 1.8B | 1.8B | 629.9M | 599.7M | 542.8M | 338.3M |
| Accounts payable | 25.9K | 1.7M | 2.7M | 2M | 3.6M | 3.1M | 849K | 1M | 1.3M | 1.4M | 346K | 124K |
| Short-term debt | — | 3K | 364K | 374K | 678K | 870K | 861K | 1.2M | 1.2M | 1.2M | 1.2M | 1.1M |
| Total current liabilities | 5.8M | 9.4M | 10.5M | 14.6M | 26.9M | 17.9M | 21.4M | 41.8M | 22.3M | 47.5M | 13.1M | 17.6M |
| Long-term debt | — | 0 | 1.7M | 1.6M | 2.5M | 2.2M | 1.9M | 3M | 2.8M | 2.6M | 2.4M | 2.2M |
| Total liabilities | 46.8M | 229.5M | 149.7M | 115.8M | 90.8M | 131.9M | 40.4M | 59M | 47.4M | 64.5M | 24.9M | 25.5M |
| Shareholders' equity | 307.9M | 2.3B | 2.3B | 2.2B | 2.2B | 2.2B | 1.8B | 1.7B | 582.5M | 535.2M | 517.9M | 312.8M |
| Total debt | — | 3K | 2.1M | 2M | 3.2M | 3.1M | 2.8M | 4.2M | 4M | 3.8M | 3.5M | 3.3M |
| Net debt | — | -545.2M | -426.5M | -403.1M | -383.1M | -326.1M | -297.3M | -279.8M | -225.3M | -195.6M | -129.6M | -114.6M |
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 | FY24 | FY25 |
|---|---|---|---|
| Net income | -54.8M | -164.6M | -1.7B |
| Depreciation & amortization | 13.2M | 81.6M | 62.4M |
| Stock-based compensation | 12.6M | 33.7M | 46.4M |
| Change in working capital | -3.2M | 919K | 2M |
| Operating cash flow | -17.7M | -35.9M | -120.8M |
| Capital expenditure | -115K | -68.7M | -1.2M |
| Investing cash flow | -115K | -167.5M | 24.4M |
| Dividends paid | 0 | 0 | — |
| Share repurchases | 0 | 0 | — |
| Financing cash flow | 21.5M | -4.9M | -230K |
| Net change in cash | 3.6M | -208.3M | -96.6M |
| Free cash flow | -16.7M | -101.5M | -155.2M |
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 | 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 | -202.6M | 60.7M | -41.6M | -17.2M | -6.8M | -99M | -373.6M | -82M | -1.2B | -58M | -25.8M | -206.9M |
| Depreciation & amortization | 24.9M | 20M | 20M | 20M | 20.2M | 21.3M | 21.7M | 21.5M | 15.6M | 3.5M | 3.3M | 3.5M |
| Stock-based compensation | 6.6M | 7.5M | 6.3M | 8.5M | 9M | 9.9M | 10.2M | 13.9M | 11.7M | 10.7M | 8.8M | 2M |
| Change in working capital | -3.8M | -212K | 3.4M | -1.4M | 148K | -1.6M | -3.9M | 4.8M | 682K | 524K | -287K | -44K |
| Operating cash flow | -86.2M | 80.3M | -15.4M | 5.9M | 15.9M | -42.5M | -367.2M | -24.6M | -48M | -27.8M | -51.1M | -9.6M |
| Capital expenditure | -3.9M | -5.3M | -9.5M | -7.8M | -22.3M | -29.1M | -8.9M | -321K | -201K | -188K | -109K | -103K |
| Investing cash flow | -95.9M | -5.3M | -105.7M | -12.5M | -10.7M | -38.6M | -8.3M | 11.7M | -3.5M | 16M | -8.1M | -4.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -219M | 0 | — | — | 0 | 0 | — | — | — | — | — | — |
| Financing cash flow | 319.5M | 181K | 0 | 61K | -61K | -4.8M | -50K | -49K | 107K | -66K | -73K | -60K |
| Net change in cash | 137.3M | 75.2M | -121M | -6.5M | 5.2M | -85.8M | -375.5M | -12.9M | -51.4M | -11.9M | -59.3M | -14.4M |
| Free cash flow | -39.2M | -8.3M | -12.2M | -16.3M | -30.3M | -42.7M | -29.8M | -28M | -51.3M | -46.1M | -59.4M | -10.5M |