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 27 | -$0.23 | -$0.27 | -17.4% | — | $292M | — |
| Q1 27 | $0.02 | $0.04 | +100.0% | — | $276.7M | — |
| Q4 26 | $0.06 | $0.07 | +16.7% | — | $271.2M | — |
| Q3 26 | -$0.17 | -$0.18 | -5.9% | — | $258.9M | — |
| Q2 26 | -$0.19 | -$0.22 | -15.8% | — | $242.2M | — |
| Q1 26 | $0.02 | $0.02 | 0.0% | — | $229M | — |
| Q4 25 | $0.01 | $0.04 | +300.0% | — | $225.5M | — |
| Q3 25 | -$0.2 | -$0.25 | -25.0% | — | $210.6M | — |
| Q2 25 | — | $0.01 | — | — | $198.9M | — |
| Q1 25 | -$0.27 | -$0.23 | +14.8% | — | $186.4M | — |
| Q4 24 | -$0.04 | -$0.02 | +50.0% | — | $174.2M | — |
| Q3 24 | -$0.08 | -$0.03 | +62.5% | — | $164.2M | — |
| Q2 24 | -$0.14 | -$0.08 | +42.9% | — | $149.4M | — |
| Q1 24 | -$0.17 | -$0.15 | +11.8% | — | $133.4M | — |
| Q4 23 | -$0.16 | -$0.13 | +18.8% | — | $126.1M | — |
| Q3 23 | -$0.22 | -$0.16 | +27.3% | — | $115.3M | — |
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 % |
|---|---|---|---|---|---|---|
| FY26 | — | -$1.37 | — | — | $1B | — |
| FY25 | — | -$0.92 | — | — | $821.5M | — |
| FY24 | — | -$1.15 | — | — | $621.2M | — |
| FY23 | — | -$1.36 | — | — | $422.2M | — |
| FY22 | — | -$1.56 |
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 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | $46.5M | $93.1M | $204.8M | $422.2M | $621.2M | $821.5M | $1B |
| YoY change | — | +100.2% | +120.1% | +106.1% | +47.1% | +32.2% | +21.9% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | 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 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 46.5M | 93.1M | 204.8M | 422.2M | 621.2M | 821.5M | 1B |
| Cost of revenue | 18.3M | 39.3M | 81.7M | 144.2M | 179.3M | 211.1M | 259.2M |
| Gross profit | 28.1M | 53.7M | 123.1M | 278M | 441.9M | 610.4M | 742.1M |
| Gross margin | 60.6% | 57.7% | 60.1% | 65.8% | 71.1% | 74.3% | 74.1% |
| Research & development | 36.7M | 62.4M | 136.3M | 207M | 218.2M | 267M | 323.9M |
| Selling, general & administrative | 66.4M | 106.8M | 254.1M | 473.6M | 595.4M | 672.7M | 727.3M |
| Operating expenses | 103.1M | 169.2M | 390.4M | 680.6M | 813.6M | 939.7M | 1.1B |
| Operating income | -75M | -115.5M | -267.2M | -402.6M | -371.7M | -329.4M | -309M |
| Operating margin | -161.3% | -124.1% | -130.5% | -95.4% | -59.8% | -40.1% | -30.9% |
| Non-operating income, net | -217K | -424K | -2.3M | -1.3M | -5.8M | -2.2M | -13.4M |
| Pretax income | -76.3M | -117.1M | -270.1M | -384.3M | -332.8M | -281.6M | -279.7M |
| Income tax | 237K | 460K | 1M | -5.6M | 5.9M | 6.8M | 171M |
| Net income | -76.6M | -117.6M | -271.1M | -378.7M | -338.7M | -288.4M | -450.7M |
| Net margin | -164.8% | -126.3% | -132.4% | -89.7% | -54.5% | -35.1% | -45% |
| EBITDA | -72.5M | -112.9M | -261.4M | -352.7M | -286M | -238.7M | -241.8M |
| EPS | -0.36 | -0.55 | -1.56 | -1.36 | -1.15 | -0.92 | -1.37 |
| Diluted EPS | -0.36 | -0.55 | -1.56 | -1.36 | -1.15 | -0.92 | -1.37 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 164.2M | 174.2M | 186.4M | 198.9M | 210.6M | 225.5M | 229M | 242.2M | 258.9M | 271.2M | 276.7M | 292M |
| Cost of revenue | 43.8M | 48.3M | 50.1M | 50.7M | 53.3M | 57M | 56.5M | 60.5M | 67.9M | 74.3M | 78M | 81.6M |
| Gross profit | 120.4M | 125.9M | 136.2M | 148.2M | 157.4M | 168.5M | 172.5M | 181.7M | 191.1M | 196.8M | 198.7M | 210.4M |
| Gross margin | 73.3% | 72.3% | 73.1% | 74.5% | 74.7% | 74.7% | 75.3% | 75% | 73.8% | 72.6% | 71.8% | 72.1% |
| Research & development | 52.3M | 56.4M | 58.3M | 63.6M | 70.5M | 74.6M | 72.3M | 79.1M | 83.1M | 89.4M | 95.8M | 96.9M |
| Selling, general & administrative | 149.5M | 148.3M | 158.5M | 164M | 176.1M | 174.1M | 182.6M | 179.4M | 178.1M | 187.3M | 182.6M | 179.9M |
| Operating expenses | 201.8M | 204.7M | 216.8M | 227.6M | 246.5M | 248.8M | 254.8M | 258.4M | 261.2M | 276.7M | 278.4M | 276.8M |
| Operating income | -81.4M | -78.8M | -80.6M | -79.4M | -89.1M | -80.3M | -82.3M | -76.7M | -70.1M | -79.9M | -79.7M | -66.3M |
| Operating margin | -49.6% | -45.3% | -43.3% | -39.9% | -42.3% | -35.6% | -35.9% | -31.7% | -27.1% | -29.4% | -28.8% | -22.7% |
| Non-operating income, net | 531K | -3.1M | -39K | -421K | -378K | -1.3M | -4.7M | -4.2M | -3.7M | -789K | 2.5M | -26.8M |
| Pretax income | -69M | -70M | -68.6M | -67M | -76.8M | -69.2M | -74.7M | -68.7M | -63.5M | -72.8M | -70.4M | -87M |
| Income tax | 1.3M | 2M | 1.5M | 2.2M | 1.5M | 1.6M | 133.5M | 3.3M | -3.2M | 37.4M | 5.8M | 6.4M |
| Net income | -70.3M | -72M | -70.1M | -69.2M | -78.4M | -70.8M | -208.2M | -72M | -60.3M | -110.2M | -76.2M | -93.4M |
| Net margin | -42.8% | -41.3% | -37.6% | -34.8% | -37.2% | -31.4% | -90.9% | -29.7% | -23.3% | -40.7% | -27.5% | -32% |
| EBITDA | -59M | -57.2M | -57.9M | -56.5M | -66.1M | -58.2M | -66.3M | -60.6M | -52M | -62.9M | -62.8M | -22.9M |
| EPS | -0.24 | -0.24 | -0.23 | -0.22 | -0.25 | -0.22 | -0.63 | -0.22 | -0.18 | -0.33 | -0.23 | -0.27 |
| Diluted EPS | -0.24 | -0.24 | -0.23 | -0.22 | -0.25 | -0.22 | -0.63 | -0.22 | -0.18 | -0.33 | -0.23 | -0.27 |
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 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 7.9B | 7.5B | 4.6B | 7.9B |
| Enterprise value | — | — | — | — | 7B | 6.8B | 4B | 7.1B |
| Shares outstanding | 215.2M | 215.2M | 174.1M | 277.8M | 294.9M | 314.8M | 330.1M | 330.1M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -16.6 |
| P/S | — | — | — | — | 12.7 | 9.18 | 4.61 | 7.25 |
| P/B | — | — | — | — | 4.96 | 4.52 | 3.21 | 5.47 |
| EV/EBITDA | — | — | — | — | -24.5 | -28.6 | -16.5 | -30 |
| EV/Sales | — | — | — | — | 11.3 | 8.3 | 4 | 6.49 |
| Earnings yield | — | — | — | — | — | — | — | -6.03% |
| FCF yield | — | — | — | — | -1.1% | 0.09% | 1.12% | 3.75% |
| PEG | — | — | — | — | — | — | — | -0.73 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 60.6% | 57.7% | 60.1% | 65.8% | 71.1% | 74.3% | 74.1% | 72.1% |
| Operating margin | -161.3% | -124.1% | -130.5% | -95.4% | -59.8% | -40.1% | -30.9% | -22.7% |
| Net margin | -164.8% | -126.3% | -132.4% | -89.7% | -54.5% | -35.1% | -45% | -31% |
| ROE | 34.1% | 36.7% | -16.4% | -22.9% | -21.2% | -17.3% | -31.4% | -23% |
| ROA | -68.1% | -22.6% | -13.3% | -16.8% | -14.6% | -12% | -18.5% | -7.56% |
| ROIC | 30% | 17.1% | -2.6K% | -38% | -53.8% | -34.8% | -37.5% | -37.3% |
| Return on tangible assets | -68.4% | -22.6% | -15.1% | -42.6% | -34.7% | -30.9% | -127.4% | -100.1% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.24 | 3.6 | 6.46 | 1.93 | 2.2 | 1.74 | 1.39 | 1.45 |
| Quick ratio | 1.24 | 3.6 | 6.46 | 1.93 | 2.2 | 1.74 | 1.39 | 1.45 |
| Debt / equity | -0.09 | -0.13 | 0.02 | 0.02 | 0.01 | — | 0.01 | 0 |
| Debt / assets | 0.17 | 0.08 | 0.01 | 0.01 | 0.01 | — | 0.01 | 0.01 |
| Net debt / EBITDA | 0.36 | 3.13 | 6.28 | 1.69 | 3.16 | — | 2.54 | 2.76 |
| Interest coverage | -36.9 | -82.6 | -342.2 | -209 | -272.7 | -1.6K | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.22 | 0.43 | 1.18 | 1.52 | 2.11 | 2.61 | 3.03 | 3.28 |
| EPS (basic) | -0.36 | -0.55 | -1.56 | -1.36 | -1.15 | -0.92 | -1.37 | -1.37 |
| EPS (diluted) | -0.36 | -0.55 | -1.56 | -1.36 | -1.15 | -0.92 | -1.37 | -1.02 |
| Book value per share | -1.04 | -1.49 | 9.48 | 5.96 | 5.4 | 5.3 | 4.35 | 4.19 |
| FCF per share | -0.22 | -0.34 | -0.61 | -0.76 | -0.3 | 0.02 | 0.16 | 0.09 |
| Cash per share | 0.21 | 1.84 | 9.59 | 2.24 | 3.14 | 2.29 | 1.9 | 1.88 |
| Capex per share | 0 | 0.02 | 0.02 | 0.02 | 0 | 0.01 | 0.07 | 0.07 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.05% | 3.53% | 1.78% | 1.17% | 0.21% | 0.23% | 2.4% | 2.32% |
| Capex / operating cash flow | -1.93% | -4.95% | -2.47% | -3.01% | -1.92% | 5.3% | 31.3% | 44.4% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $204.8M |
| — |
| FY21 | — | -$0.55 | — | — | $93.1M | — |
| FY20 | — | -$0.36 | — | — | $46.5M | — |
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 26 |
|---|
| Q4 26 |
|---|
| Q1 27 |
|---|
| Q2 27 |
|---|
| Revenue | $164.2M | $174.2M | $186.4M | $198.9M | $210.6M | $225.5M | $229M | $242.2M | $258.9M | $271.2M | $276.7M | $292M |
| YoY change | +42.4% | +38.1% | +39.7% | +33.1% | +28.3% | +29.5% | +22.9% | +21.7% | +22.9% | +20.2% | +20.8% | +20.6% |
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 | FY26 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 45.7M | 395.8M | 1.7B | 623.5M | 926M | 721.9M | 628.7M |
| Receivables | 31M | 39.3M | 101.5M | 151.5M | 214.3M | 236M | 289.1M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 88.7M | 464.1M | 1.8B | 914.7M | 1.3B | 1.1B | 1.1B |
| Property, plant & equipment | 8.3M | 31.4M | 48.8M | 62.3M | 67.3M | 71.8M | 84M |
| Goodwill & intangibles | 526K | 940K | 248M | 1.4B | 1.3B | 1.5B | 2.1B |
| Total assets | 112.5M | 520.6M | 2B | 2.3B | 2.3B | 2.4B | 2.4B |
| Accounts payable | 4.6M | 11.8M | 9.9M | 11.2M | 6.8M | 8.2M | 10.3M |
| Short-term debt | — | 3.6M | 4.6M | 3.9M | 4.7M | — | 5.9M |
| Total current liabilities | 71.7M | 128.9M | 281.3M | 473.3M | 590.1M | 613.6M | 756.4M |
| Long-term debt | 19.6M | 38.5M | 24.5M | 23.1M | 18.2M | — | 9.1M |
| Total liabilities | 336.7M | 841.1M | 391.4M | 602.2M | 727.4M | 737.4M | 1B |
| Shareholders' equity | -224.2M | -320.5M | 1.7B | 1.7B | 1.6B | 1.7B | 1.4B |
| Total debt | 19.6M | 42.1M | 29.1M | 27M | 22.9M | — | 15M |
| Net debt | -25.8M | -353.4M | -1.6B | -111M | -233.7M | — | -154.6M |
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 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 798M | — | 773.2M | 708.2M | 660.3M | — | — | — | 649.8M | 628.7M | 656.8M | 655.2M |
| Receivables | 133.8M | — | 133.8M | 155.1M | 164.6M | — | — | — | 198.8M | 289.1M | 180.7M | 219.9M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.1B | — | 1.1B | 1B | 991M | — | — | — | 957M | 1.1B | 965.9M | 998.3M |
| Property, plant & equipment | 67M | — | 74.6M | 80.8M | 84.7M | — | — | — | 80.3M | 84M | 87.6M | 88.7M |
| Goodwill & intangibles | 1.3B | — | 1.5B | 1.5B | 1.5B | — | — | — | 2.1B | 2.1B | 2.1B | 2B |
| Total assets | 2.2B | — | 2.3B | 2.3B | 2.4B | — | — | — | 2.4B | 2.4B | 2.4B | 2.4B |
| Accounts payable | 13.8M | — | 9.2M | 6.7M | 9.7M | — | — | — | 9.6M | 10.3M | 7.6M | 8.9M |
| Short-term debt | 4.4M | — | 4.7M | 4.6M | 5.1M | — | — | — | — | 5.9M | — | — |
| Total current liabilities | 498.8M | — | 566M | 587.9M | 607.5M | — | — | — | 627.6M | 756.4M | 672.3M | 688.8M |
| Long-term debt | 18.5M | — | 16.8M | 15.5M | 15M | — | — | — | 10.3M | 9.1M | — | — |
| Total liabilities | 615M | — | 694.1M | 713.4M | 727.5M | — | — | — | 882M | 1B | 918.2M | 933M |
| Shareholders' equity | 1.6B | — | 1.6B | 1.6B | 1.6B | — | — | — | 1.5B | 1.4B | 1.4B | 1.4B |
| Total debt | 22.9M | — | 21.4M | 20.1M | 20.1M | — | — | — | 10.3M | 15M | — | — |
| Net debt | -104.4M | — | -177.3M | -185.8M | -215.6M | — | — | — | -139.9M | -154.6M | — | — |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Net income | -76.6M | -117.6M | -271.1M | -378.7M | -338.7M | -288.4M | -450.7M |
| Depreciation & amortization | 1.9M | 2.8M | 7.9M | 29.7M | 38.9M | 42.8M | 54.9M |
| Stock-based compensation | 4.3M | 15.9M | 87.9M | 164.5M | 216.9M | 267.5M | 297.6M |
| Change in working capital | 15.2M | 18M | 3.4M | -18.6M | -42.4M | -58.7M | -83.8M |
| Operating cash flow | -49.5M | -66.3M | -147.8M | -164.3M | -67.9M | 35.1M | 76.6M |
| Capital expenditure | -953K | -3.3M | -3.7M | -5M | -1.3M | -1.9M | -24M |
| Investing cash flow | -1.3M | -3.3M | -13.1M | -1.3B | 158.1M | -193.1M | 87.9M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -200M |
| Financing cash flow | 51.9M | 439M | 1.4B | -186K | 0 | — | -200M |
| Net change in cash | 1.1M | 369.5M | 1.2B | -1.5B | 90.1M | -158M | -35.5M |
| Free cash flow | -47.3M | -72.8M | -105.9M | -212.1M | -87.1M | 6.6M | 51.7M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -70.3M | -72M | -70.1M | -69.2M | -78.4M | -70.8M | -208.2M | -72M | -60.3M | -110.2M | -76.2M | -93.4M |
| Depreciation & amortization | 9.9M | 10.4M | 10.7M | 10.4M | 10.7M | 10.9M | 10.8M | 12.3M | 14.9M | 16.9M | 16.8M | 19M |
| Stock-based compensation | 54.9M | 53.6M | 58.6M | 64.7M | 70.2M | 74.1M | 68.7M | 73.9M | 75.3M | 79.7M | 74.9M | 92.1M |
| Change in working capital | -25.8M | -27.8M | 46.2M | -36.3M | -37.5M | -30.2M | 51.3M | -56.8M | -22.7M | -55.5M | 42.1M | -72M |
| Operating cash flow | -19M | -16.9M | 63.1M | -13.1M | -16.7M | 4.4M | -57.2M | -1M | 21M | 4.4M | 38.5M | -6.5M |
| Capital expenditure | -623K | -187K | -886K | -553K | -227K | -194K | -146K | -5.8M | -5M | -6.5M | -7.4M | -6.6M |
| Investing cash flow | 19.6M | 117.4M | -98.8M | -2.1M | 35M | -127.2M | -58.9M | 131.6M | -90.3M | 112M | -63.4M | 40M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | -49.2M | -98.1M | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | -49.2M | -98.1M | — | — |
| Net change in cash | 585K | 100.5M | -35.7M | -15.2M | 18.3M | -122.8M | -116.1M | 130.5M | -118.5M | 18.3M | -24.9M | 33.5M |
| Free cash flow | -29.6M | -10.7M | 33.7M | -5.5M | -12.7M | -8.9M | 45.4M | -7.2M | 15.9M | -2.4M | 30.7M | -13.3M |