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 | -$0.12 | -$0.15 | -25.0% | — | $31.7M | — |
| Q1 26 | — | $0.01 | — | — | $83.2M | — |
| Q4 25 | -$0.04 | -$0.09 | -125.0% | — | $41.9M | — |
| Q3 25 | -$0.17 | -$0.16 | +5.9% | — | $13.1M | — |
| Q2 25 | -$0.14 | -$0.14 | 0.0% | — | $4.8M | — |
| Q1 25 | -$0.12 | -$0.13 | -8.3% | — | $3.1M | — |
| Q4 24 | -$0.12 | -$0.12 | 0.0% | — | $5.7M | — |
| Q3 24 | -$0.1 | -$0.12 | -20.0% | — | $727K | — |
| Q2 24 | -$0.05 | -$1.85 | -3600.0% | — | $1.4M | — |
| Q1 24 | -$0.05 | -$0.04 | +20.0% | — | $0 | — |
| Q4 23 | -$0.08 | -$0.05 | +37.5% | — | $0 | — |
| Q3 23 | -$0.11 | -$0.09 | +18.2% | — | $0 | — |
| Q2 23 | -$0.11 | -$0.09 | +18.2% | — | $0 | — |
| Q1 23 | -$0.1 | -$0.1 | 0.0% | — | $0 | — |
| Q4 22 | -$0.11 | -$0.1 | +9.1% | — | $0 | — |
| Q3 22 | -$0.14 | -$0.12 | +14.3% | — | $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 | — | -$0.6 | — | — | $62.9M | — |
| FY24 | — | -$2.11 | — | — | $7.9M | — |
| FY23 | — | -$0.35 | — | — | $0 | — |
| FY22 | — | -$0.48 | — | — | $0 | — |
| FY21 | — | -$0.44 | — |
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 | $7.9M | $62.9M |
| YoY change | — | 0% | 0% | 0% | +InfinityT% | +699% |
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 |
|---|
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 | 7.9M | 62.9M |
| Cost of revenue | — | — | — | — | 7.1M | 9.3M |
| Gross profit | — | — | — | — | 795K | 53.6M |
| Gross margin | — | — | — | — | 10.1% | 85.2% |
| Research & development | 32.6M | 69M | 87.8M | 71.3M | 524.2M | 115.1M |
| Selling, general & administrative | 10.9M | 24.3M | 31.9M | 28.5M | 69.2M | 151.6M |
| Operating expenses | 43.6M | 93.3M | 119.7M | 99.8M | 593.4M | 266.7M |
| Operating income | -43.6M | -93.3M | -119.7M | -99.8M | -592.6M | -213.1M |
| Operating margin | — | — | — | — | -7.5K% | -338.7% |
| Non-operating income, net | -53K | 3.5M | 8.1M | -591K | -2M | 689K |
| Pretax income | -41.7M | -86.8M | -104.2M | -75.8M | -567.9M | -204.6M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -41.7M | -86.8M | -104.2M | -75.8M | -567.9M | -204.6M |
| Net margin | — | — | — | — | -7.2K% | -325.3% |
| EBITDA | -43.7M | -97.3M | -128.5M | -100M | -566M | -188.4M |
| EPS | -0.19 | -0.44 | -0.48 | -0.35 | -2.11 | -0.6 |
| Diluted EPS | -0.19 | -0.44 | -0.48 | -0.35 | -2.11 | -0.6 |
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 | 1.4M | 727K | 5.7M | 3.1M | 4.8M | 13.1M | 41.9M | 83.2M | 31.7M |
| Cost of revenue | — | — | — | 1.3M | 1.5M | 4.2M | 2.1M | 2.6M | 3.3M | 1.3M | 6M | 9.5M |
| Gross profit | 0 | — | — | 88K | -788K | 1.5M | 990K | 2.3M | 9.8M | 40.6M | 77.2M | 22.2M |
| Gross margin | — | — | — | 6.13% | -108.4% | 26.2% | 32.1% | 46.7% | 74.5% | 96.9% | 92.8% | 70.1% |
| Research & development | 18.6M | 15.4M | 12.8M | 454.3M | 27.7M | 29.3M | 24.6M | 27.4M | 28.8M | 34.3M | 35M | 30.7M |
| Selling, general & administrative | 7.8M | 5.5M | 7.4M | 16.2M | 19.6M | 26.1M | 35.4M | 38.5M | 37.4M | 40.3M | 38.3M | 42.6M |
| Operating expenses | 26.3M | 20.8M | 20.2M | 470.5M | 47.3M | 55.4M | 60M | 65.8M | 66.2M | 74.6M | 73.4M | 73.3M |
| Operating income | -26.3M | -20.8M | -20.2M | -470.4M | -48.1M | -53.9M | -59M | -63.6M | -56.4M | -34M | 3.9M | -51M |
| Operating margin | — | — | — | -32.8K% | -6.6K% | -944.5% | -1.9K% | -1.3K% | -430.1% | -81.3% | 4.66% | -161.1% |
| Non-operating income, net | 167K | 21K | -1.7M | 881K | 285K | -1.5M | 501K | 223K | 1.1M | -1.2M | 3.1M | -9.6M |
| Pretax income | -19.6M | -13.8M | -14.8M | -462.5M | -41.2M | -49.4M | -53.2M | -59M | -55.8M | -36.6M | 5.4M | -62.8M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -19.6M | -13.8M | -14.8M | -462.5M | -41.2M | -49.4M | -53.2M | -59M | -55.8M | -36.6M | 5.4M | -62.8M |
| Net margin | — | — | — | -32.2K% | -5.7K% | -865.8% | -1.7K% | -1.2K% | -425.2% | -87.4% | 6.48% | -198.3% |
| EBITDA | -20M | -21.1M | -18.7M | -463.2M | -41.5M | -48M | -52.1M | -58.6M | -49.3M | -28.3M | 9.8M | -46.1M |
| EPS | -0.09 | — | -0.07 | -1.89 | -0.15 | -0.15 | -0.16 | -0.17 | -0.16 | -0.11 | 0.02 | -0.18 |
| Diluted EPS | -0.09 | — | -0.07 | -1.89 | -0.15 | -0.15 | -0.16 | -0.17 | -0.16 | -0.11 | 0.01 | -0.18 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | 2.5B | 1.7B | 416.1M | 330.5M | — | — | 2B |
| Enterprise value | 2.3B | 919.7M | -240.6M | -276.7M | — | — | 1.7B |
| Shares outstanding | 217.7M | 197.9M | 216.7M | 218.9M | 268.8M | 341.5M | 341.5M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -9.35 |
| P/S | — | — | — | — | — | — | 11.6 |
| P/B | 11.8 | 2.25 | 0.64 | 0.55 | — | — | 7.71 |
| EV/EBITDA | -53.4 | -9.45 | 1.87 | 2.77 | — | — | -12.7 |
| EV/Sales | — | — | — | — | — | — | 10.1 |
| Earnings yield | — | — | — | — | — | — | -10.7% |
| FCF yield | -1.44% | -4.07% | -23.2% | -20.6% | — | — | -5.7% |
| PEG | — | — | — | — | — | — | -1.59 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | 10.1% | 85.2% | 70.1% |
| Operating margin | — | — | — | — | -7.5K% | -338.7% | -161.1% |
| Net margin | — | — | — | — | -7.2K% | -325.3% | -88.2% |
| ROE | -19.4% | -11.6% | -15.9% | -12.5% | -122.5% | -66.9% | -47.8% |
| ROA | -18.8% | -11.2% | -15.5% | -12.2% | -105.1% | -34.4% | -12.4% |
| ROIC | 6.5K% | 571.1% | 7.1K% | 4.8K% | 2K% | 128.2% | 88.8% |
| Return on tangible assets | -18.8% | -11.2% | -15.5% | -12.2% | -106% | -35.1% | -20.4% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 33.7 | 45.6 | 50.7 | 44.1 | 9.04 | 6.95 | 8.37 |
| Quick ratio | 33.7 | 45.6 | 50.7 | 44.1 | 9.04 | 6.81 | 8.14 |
| Debt / equity | 0 | 0 | 0.01 | 0.01 | 0.02 | 0.19 | 1.64 |
| Debt / assets | 0 | 0 | 0.01 | 0.01 | 0.02 | 0.1 | 0.34 |
| Net debt / EBITDA | 4.94 | 7.84 | 5.11 | 6.07 | 0.87 | 2.5 | 3.59 |
| Interest coverage | — | — | — | — | -1.7K | -14 | -4.62 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0.03 | 0.18 | 0.5 |
| EPS (basic) | -0.19 | -0.44 | -0.48 | -0.35 | -2.11 | -0.6 | -0.6 |
| EPS (diluted) | -0.19 | -0.44 | -0.48 | -0.35 | -2.11 | -0.6 | -0.44 |
| Book value per share | 0.99 | 3.77 | 3.02 | 2.76 | 1.73 | 0.9 | 0.73 |
| FCF per share | -0.17 | -0.35 | -0.45 | -0.31 | -0.49 | -0.53 | -0.37 |
| Cash per share | 0.99 | 3.87 | 3.05 | 2.79 | 1.87 | 1.55 | 1.88 |
| Capex per share | 0 | 0 | 0 | 0 | 0 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 2.06% | — | — |
| Capex / operating cash flow | -0.37% | -0.38% | -0.4% | -0.1% | -0.13% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.19 | — | — | $0 | — |
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $1.4M | $727K | $5.7M | $3.1M | $4.8M | $13.1M | $41.9M | $83.2M | $31.7M |
| YoY change | 0% | 0% | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | +236.8% | +1.7K% | +633.1% | +2.6K% | +555.6% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 215.8M | 765.4M | 661M | 611.2M | 502.7M | 529.2M |
| Receivables | — | — | — | — | 12.7M | 16.1M |
| Inventory | — | — | — | — | — | 11.4M |
| Total current assets | 220.7M | 772.1M | 667.3M | 616.4M | 526.3M | 571.5M |
| Property, plant & equipment | 688K | 3.7M | 4.7M | 4.3M | 3M | 4.5M |
| Goodwill & intangibles | — | — | — | — | 4.6M | 11.2M |
| Total assets | 221.8M | 776.2M | 672.1M | 621.5M | 540.6M | 594.8M |
| Accounts payable | 2.2M | 3.9M | 2.1M | 2.2M | 6.3M | 9.5M |
| Short-term debt | — | 863K | 1.2M | 2M | 7.9M | 7.6M |
| Total current liabilities | 6.6M | 16.9M | 13.2M | 14M | 58.2M | 82.2M |
| Long-term debt | 0 | 2.2M | 3.1M | 2M | 969K | 49.8M |
| Total liabilities | 6.7M | 30.2M | 17.1M | 16.4M | 76.8M | 289.1M |
| Shareholders' equity | 215.1M | 746M | 655.1M | 605.1M | 463.8M | 305.7M |
| Total debt | 0 | 3.1M | 4.3M | 4M | 8.9M | 57.4M |
| Net debt | -29.8M | -129.4M | -96.8M | -38.6M | -26.8M | -106.7M |
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 | 619.3M | 611.2M | 597M | 577.2M | 549.1M | 502.7M | 461.7M | 607.7M | 549M | 529.2M | 533.7M | 661M |
| Receivables | — | — | — | 117K | 112K | 12.7M | 409K | 2.7M | 8.3M | 16.1M | 22.7M | 27.8M |
| Inventory | — | — | — | — | — | — | 14K | 552K | 5.7M | 11.4M | 15.8M | 19.9M |
| Total current assets | 625.3M | 616.4M | 608.1M | 587.2M | 565M | 526.3M | 475.6M | 623.2M | 577.5M | 571.5M | 591.5M | 726.4M |
| Property, plant & equipment | 4.8M | 4.3M | 3.9M | 3.5M | 719K | 3M | 562K | 615K | 560K | 4.5M | 4.1M | 4M |
| Goodwill & intangibles | — | — | — | 2.9M | 2.8M | 4.6M | 4.4M | 12.1M | 11.7M | 11.2M | 10.8M | 10.3M |
| Total assets | 630.9M | 621.5M | 613.1M | 594.8M | 571.6M | 540.6M | 492.5M | 647.2M | 601.6M | 594.8M | 610.2M | 744.5M |
| Accounts payable | 2.4M | 2.2M | 2.4M | 5.2M | 12.4M | 6.3M | 10.5M | 22.4M | 15.4M | 9.5M | 22.4M | 12.1M |
| Short-term debt | 1.9M | 2M | 2M | 13.7M | 10.2M | 7.9M | 7.6M | 7.4M | 7.5M | 7.6M | 7.6M | 7.6M |
| Total current liabilities | 16.1M | 14M | 15.8M | 51.1M | 59M | 58.2M | 52.8M | 66.4M | 68.1M | 82.2M | 79.5M | 86.8M |
| Long-term debt | 2.5M | 2M | 1.5M | 972K | 985K | 969K | 3.8M | 50.4M | 50.1M | 49.8M | 49.5M | 244.5M |
| Total liabilities | 19.3M | 16.4M | 19.1M | 337.6M | 68.9M | 76.8M | 73M | 274.3M | 275.7M | 289.1M | 290.7M | 490.6M |
| Shareholders' equity | 611.6M | 605.1M | 594M | 257.2M | 502.7M | 463.8M | 419.5M | 372.9M | 325.9M | 305.7M | 319.6M | 253.9M |
| Total debt | 4.5M | 4M | 3.5M | 14.7M | 11.2M | 8.9M | 11.4M | 57.8M | 57.5M | 57.4M | 57.2M | 252.1M |
| Net debt | -19.9M | -38.6M | -31M | -19.6M | -18.8M | -26.8M | -36.6M | -190.2M | -41.3M | -106.7M | -68.2M | -6.5M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -41.7M | -86.8M | -104.2M | -75.8M | -567.9M | -204.6M |
| Depreciation & amortization | 103K | 184K | 199K | 222K | 683K | 1.7M |
| Stock-based compensation | 2.2M | 9.3M | 16.3M | 19.5M | 32.3M | 35.9M |
| Change in working capital | -84K | -243K | -949K | -1.7M | -16.3M | -20.1M |
| Operating cash flow | -39.4M | -73.7M | -88.4M | -57.9M | -126.4M | -173.4M |
| Capital expenditure | -145K | -282K | -357K | -55K | -162K | — |
| Investing cash flow | -70.3M | -454.7M | 63.5M | 8.9M | 122.7M | 107.9M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 133.1M | 624.8M | — | — | -21.7M | 179.2M |
| Net change in cash | 23.4M | 96.4M | -24.9M | -48.9M | -25.4M | 113.7M |
| Free cash flow | -36.7M | -68.5M | -96.5M | -68.1M | -130.6M | -181.8M |
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 | -19.6M | -13.8M | -14.8M | -462.5M | -41.2M | -49.4M | -53.2M | -59M | -55.8M | -36.6M | 5.4M | -62.8M |
| Depreciation & amortization | 55K | 55K | 58K | 244K | 162K | 219K | 310K | 356K | 534K | 539K | 536K | 536K |
| Stock-based compensation | 5.4M | 3.7M | 5M | 9.6M | 7.5M | 10.2M | 7.9M | 12M | 8M | 8M | 9M | 10.5M |
| Change in working capital | -1M | -833K | -842K | -2.7M | 7M | -18.4M | 12.8M | -70K | -16.6M | -16.3M | 5.3M | -20.9M |
| Operating cash flow | -15.2M | -10.9M | -10.6M | -30.4M | -26.6M | -57.5M | -32.1M | -48.2M | -52.9M | -29.7M | 5.1M | -43M |
| Capital expenditure | -22K | 1K | -27K | 0 | -148K | 13K | -72K | — | — | — | — | — |
| Investing cash flow | -9.6M | 33.2M | 7.5M | 21.8M | 29.1M | 51.8M | 54.2M | 55.1M | -88.6M | 87.2M | -43.6M | 6.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | — | — | -5.6M | -6.4M | -9.7M | -1.1M | -166K | 48.1M | -11.6M | -864K | 182.9M |
| Net change in cash | -24.8M | 22.3M | -3M | -14.2M | -3.9M | -15.4M | 21.1M | 6.7M | -93.4M | 45.8M | -39.4M | 146.2M |
| Free cash flow | -16.2M | -15M | -15.7M | -37.3M | -31.2M | -46.3M | -42.7M | -48.4M | -60.9M | -29.8M | 5M | -43.2M |