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 | -$0.16 | -$0.28 | -75.0% | — | $1.2M | — |
| Q4 25 | -$0.17 | -$0.27 | -58.8% | — | $0 | — |
| Q3 25 | -$0.12 | -$0.2 | -66.7% | — | $0 | — |
| Q2 25 | -$0.11 | -$0.18 | -63.6% | — | $0 | — |
| Q1 25 | -$0.1 | -$0.07 | +30.0% | — | $0 | — |
| Q4 24 | -$0.07 | -$0.09 | -28.6% | — | $0 | — |
| Q3 24 | -$0.05 | -$0.08 | -60.0% | — | $0 | — |
| Q2 24 | -$0.06 | -$5.17 | -8516.7% | — | $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 | — | -$0.72 | — | — | $0 | — |
| FY24 | — | -$0.74 | — | — | $0 | — |
| FY22 | — | -$0.08 | — | — | $0 | — |
| FY21 | — | -$0.04 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | — | 0% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 23 | Q3 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 2.5M | 6M | 26.7M | 58.9M |
| Selling, general & administrative | 2.7M | 4M | 26.1M | 80.4M |
| Operating expenses | 5.2M | 10M | 52.8M | 139.3M |
| Operating income | -5.2M | -10M | -52.8M | -139.3M |
| Operating margin | — | — | — | — |
| Non-operating income, net | — | — | -27.9M | — |
| Pretax income | -5.2M | -10M | -72.9M | -110.2M |
| Income tax | 0 | 0 | 683K | -4.5M |
| Net income | -5.2M | -10M | -73.6M | -105.7M |
| Net margin | — | — | — | — |
| EBITDA | -5.2M | -10M | -24.7M | -138.8M |
| EPS | -0.04 | -0.08 | -0.74 | -0.72 |
| Diluted EPS | -0.04 | -0.08 | -0.74 | -0.72 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | 721K |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | 489K |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | 40.4% |
| Research & development | 1.8M | 1.7M | — | 10.7M | 5M | 7.3M | 7.8M | 11.5M | 14.9M | 24.6M | 27M | 39.5M |
| Selling, general & administrative | 1.5M | 3M | — | 7.1M | 7.2M | 8.1M | 10M | 16.5M | 21.4M | 32.5M | 24.2M | 34.2M |
| Operating expenses | 3.4M | 4.7M | — | 17.8M | 12.3M | 15.4M | 17.9M | 28M | 36.3M | 57.1M | 51.2M | 73.7M |
| Operating income | -3.4M | -4.7M | — | -17.8M | -12.3M | -15.4M | -17.9M | -28M | -36.3M | -57.1M | -51.2M | -73.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | -6K% |
| Non-operating income, net | -1.1M | -4.1M | — | -13.1M | — | 2.1M | — | — | — | — | — | — |
| Pretax income | -4.5M | -8.7M | — | -29.2M | -9.7M | -10M | -14.2M | -24.3M | -29.2M | -42.5M | -29.9M | -51.7M |
| Income tax | 0 | 0 | — | 163.6K | 225K | 294.4K | -4.4M | 431K | 531K | -1.1M | 3.2M | -3.2M |
| Net income | -4.5M | -8.7M | — | -29.3M | -10M | -10.3M | -9.8M | -24.7M | -29.7M | -41.4M | -33.1M | -48.5M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | -4K% |
| EBITDA | -2.2M | -567.7K | — | -4.6M | -12.2M | -17.3M | -17.8M | -27.9M | -36.2M | -56.9M | -51.1M | -72.9M |
| EPS | -0.04 | -0.07 | -0.2 | -5.17 | -0.08 | — | -0.07 | -0.18 | -0.2 | — | -0.19 | -0.28 |
| Diluted EPS | -0.04 | -0.07 | -0.2 | -5.17 | -0.08 | — | -0.07 | -0.18 | -0.2 | — | -0.19 | -0.28 |
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 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 6.9B |
| Enterprise value | — | — | — | — | 4.6B |
| Shares outstanding | 122.1M | 122.1M | 98.9M | 146.4M | 146.4M |
| Metric | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | -51.5 |
| P/S | — | — | — | — | 5.8K |
| P/B | — | — | — | — | 2.15 |
| EV/EBITDA | — | — | — | — | -21.3 |
| EV/Sales | — | — | — | — | 3.8K |
| Earnings yield | — | — | — | — | -1.94% |
| FCF yield | — | — | — | — | -3.47% |
| PEG | — | — | — | — | -0.93 |
| Metric | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | 40.4% |
| Operating margin | — | — | — | — | -6K% |
| Net margin | — | — | — | — | 0% |
| ROE | 27.5% | 35.7% | -29.3% | -7.16% | -7.7% |
| ROA | -46.7% | -91.2% | -26.1% | -6.91% | -6.65% |
| ROIC | 18% | 26.8% | -217% | -55.8% | -26.8% |
| Return on tangible assets | -46.7% | -91.2% | -26.1% | -7.24% | -4.72% |
| Metric | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Current ratio | 23.9 | 16.5 | 43.5 | 49.1 | 48.5 |
| Quick ratio | 23.9 | 16.5 | 43.5 | 49.1 | 48.5 |
| Debt / equity | -0.03 | -0.01 | 0.01 | 0 | 0 |
| Debt / assets | 0.04 | 0.03 | 0 | 0 | 0 |
| Net debt / EBITDA | 1.93 | 0.94 | 9.18 | 8.84 | 11.3 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0.01 |
| EPS (basic) | -0.04 | -0.08 | -0.74 | -0.72 | -0.72 |
| EPS (diluted) | -0.04 | -0.08 | -0.74 | -0.72 | -0.94 |
| Book value per share | -0.15 | -0.23 | 2.54 | 10.1 | 17.7 |
| FCF per share | -0.05 | -0.08 | -0.39 | -0.79 | -1.57 |
| Cash per share | 0.09 | 0.08 | 2.3 | 8.39 | 13.3 |
| Capex per share | 0 | 0 | 0 | — | — |
| Metric | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Capex / operating cash flow | -1.22% | -1.56% | -0.56% | — | — |
| Payout ratio | — | — | — | — | 0% |
| $0 |
| $0 |
| — |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $1.2M |
| YoY change | 0% | — | — | 0% | 0% | — | — | 0% | 0% | 0% | 0% | +InfinityT% |
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 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 10.4M | 9.7M | 227.8M | 1.2B |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | 10.5M | 10.5M | 231.9M | 1.3B |
| Property, plant & equipment | 502.2K | 447.9K | 2.2M | 43.7M |
| Goodwill & intangibles | — | — | — | 68.2M |
| Total assets | 11M | 11M | 281.7M | 1.5B |
| Accounts payable | 99.9K | 336.6K | 3M | 4.1M |
| Short-term debt | 190.1K | 210.2K | 742K | 904K |
| Total current liabilities | 437.2K | 634K | 5.3M | 25.5M |
| Long-term debt | 304.2K | 93.9K | 543K | 546K |
| Total liabilities | 29.8M | 39.1M | 30.9M | 52.2M |
| Shareholders' equity | -18.7M | -28.1M | 250.9M | 1.5B |
| Total debt | 494.3K | 304.2K | 1.3M | 1.4M |
| Net debt | -9.9M | -9.3M | -95.8M | -787M |
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 | Q2 23 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 5.1M | 235.3M | 231.4M | 227.8M | 201M | 534.4M | 921.6M | 1.2B | 2.2B | 2.5B |
| Receivables | — | — | — | — | — | — | — | — | — | 2M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 7.2M | 239.2M | 234.8M | 231.9M | 204.9M | 542.7M | 931.8M | 1.3B | 2.2B | 2.5B |
| Property, plant & equipment | 357.7K | 675.5K | 1.8M | 2.2M | 3.2M | 5.5M | 13.1M | 43.7M | 98.1M | 179.4M |
| Goodwill & intangibles | — | — | — | — | 68.4M | 68.4M | 68.4M | 68.2M | 68.2M | 121.5M |
| Total assets | 7.6M | 299.2M | 293.8M | 281.7M | 302.1M | 731.1M | 1.2B | 1.5B | 2.7B | 3.4B |
| Accounts payable | 1.6M | 1.1M | 361.2K | 3M | 1.4M | 2.3M | 2M | 4.1M | 14.2M | 10.5M |
| Short-term debt | 202K | 189.9K | 692.8K | 742K | 941K | 1.1M | 1.2M | 904K | 1M | 1M |
| Total current liabilities | 1.9M | 4.9M | 4.8M | 5.3M | 5.7M | 7.6M | 13.8M | 25.5M | 37.1M | 52M |
| Long-term debt | — | — | 670.2K | 543K | 1.1M | 1M | 781K | 546K | 1.6M | 2.9M |
| Total liabilities | 44.8M | 29.9M | 30.5M | 30.9M | 32.8M | 34.7M | 40.6M | 52.2M | 64.9M | 84.3M |
| Shareholders' equity | -37.2M | 269.3M | 263.3M | 250.9M | 269.3M | 696.4M | 1.2B | 1.5B | 2.6B | 3.3B |
| Total debt | 202K | 189.9K | 1.4M | 1.3M | 2.1M | 2.1M | 1.9M | 1.4M | 2.6M | 4M |
| Net debt | -4.9M | -105.5M | -90.4M | -95.8M | -88M | -224.6M | -408.1M | -787M | -1.6B | -1.6B |
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 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -5.2M | -10M | -73.6M | -105.7M |
| Depreciation & amortization | 2.6K | 29.5K | 268K | 522K |
| Stock-based compensation | 124.7K | 288.2K | 12.5M | 41.8M |
| Change in working capital | 119.1K | 94.2K | -1.8M | -1.6M |
| Operating cash flow | -4.9M | -9.6M | -62.7M | -82.2M |
| Capital expenditure | -59.8K | -149.6K | -352K | — |
| Investing cash flow | -59.8K | -149.6K | -175.8M | -456.5M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 4M | 9M | 300.4M | 1.3B |
| Net change in cash | -970K | -765K | 61.9M | 720.5M |
| Free cash flow | -5.6M | -10.1M | -38.7M | -115.4M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -8.7M | -29.3M | -12M | -10.3M | -9.8M | -24.7M | -29.7M | -41.4M | -33.1M | -48.5M |
| Depreciation & amortization | 13.1K | 62.7K | 68.4K | 87.6K | 124K | 125K | 124K | 149K | 163K | 337K |
| Stock-based compensation | 47.4K | 8.5M | 1.6M | 1.7M | 2.3M | 11.4M | 9.1M | 19M | 15.6M | 14.4M |
| Change in working capital | 208.8K | -1M | -401.3K | 134.6K | -1.8M | -681K | 1.2M | -379K | -30K | -14.2M |
| Operating cash flow | -8.4M | -21.8M | -10.7M | -8.3M | -13.9M | -18.5M | -18M | -33.4M | -17.9M | -47.6M |
| Capital expenditure | -34.7K | -74.7K | -110.6K | -69.4K | -332K | — | — | — | — | — |
| Investing cash flow | -34.7K | -188.3M | -5.6M | 18.2M | 6.1M | -285.9M | -320.2M | 143.2M | -326.2M | -459.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 8.5M | 265.7M | -388.9K | -119 | -1.6M | 441.3M | 525.1M | 294.3M | 1.2B | 670M |
| Net change in cash | 31.2K | 55.6M | -16.7M | 9.9M | -9.4M | 136.9M | 186.9M | 404.1M | 837.7M | 162.8M |
| Free cash flow | -3.6M | -9.8M | -8M | -13.5M | -12.6M | -19.3M | -23.1M | -60.4M | -50.7M | -141.7M |