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 | -$0.13 | -$0.13 | 0.0% | — | $75K | — |
| Q1 26 | -$0.14 | -$0.14 | 0.0% | — | $565K | — |
| Q4 25 | -$0.15 | -$0.8 | -433.3% | — | $1.8M | — |
| Q3 25 | -$0.14 | -$1.85 | -1221.4% | — | $8.2M | — |
| Q2 25 | -$0.12 | -$0.13 | -8.3% | — | $8.1M | — |
| Q1 25 | -$0.11 | -$0.11 | 0.0% | — | $13.4M | — |
| Q4 24 | -$0.12 | -$0.77 | -541.7% | — | $34.2M | — |
| Q3 24 | -$0.13 | -$0.18 | -38.5% | — | $475K | — |
| Q2 24 | -$0.14 | -$0.31 | -121.4% | — | $967K | — |
| Q1 24 | -$0.13 | -$0.21 | -61.5% | — | $1.4M | — |
| Q4 23 | -$0.22 | -$0.25 | -13.6% | — | $4.6M | — |
| Q3 23 | -$0.27 | -$0.26 | +3.7% | — | $7M | — |
| Q2 23 | -$0.11 | -$0.13 | -18.2% | — | $5.8M | — |
| Q1 23 | -$0.08 | -$0.16 | -100.0% | — | $5.5M | — |
| Q4 22 | -$0.02 | -$0.21 | -950.0% | — | $3.4M | — |
| Q3 22 | -$0.08 | -$0.19 | -137.5% | — | $3.2M | — |
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 | — | -$2.17 | — | — | $31.5M | — |
| FY24 | — | -$1.47 | — | — | $37M | — |
| FY23 | — | -$0.8 | — | — | $22.8M | — |
| FY22 | — | -$0.51 | — | — | $11.8M | — |
| FY21 | — | -$2.35 |
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 | $373K | $600K | $2.9M | $11.8M | $22.8M | $37M | $31.5M |
| YoY change | — | +60.9% | +377% | +312.4% | +93.2% | +62.4% | -15% |
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 | 373K | 600K | 2.9M | 11.8M | 22.8M | 37M | 31.5M |
| Cost of revenue | 321K | 355K | 1.8M | 7.3M | 19M | 4.9M | 20M |
| Gross profit | 52K | 245K | 1.1M | 4.5M | 3.8M | 32.1M | 11.4M |
| Gross margin | 13.9% | 40.8% | 38.2% | 38% | 16.9% | 86.7% | 36.3% |
| Research & development | 62.6M | 95.3M | 94.4M | 127.7M | 156.1M | 46.8M | 45.5M |
| Selling, general & administrative | 38.8M | 37.2M | 38.7M | 55.3M | 65.4M | 75.9M | 609.8M |
| Operating expenses | 127.7M | 159.1M | 175.4M | 234.5M | 279.4M | 170.8M | 701M |
| Operating income | -127.6M | -158.8M | -174.3M | -230M | -275.6M | -138.7M | -689.6M |
| Operating margin | -34.2K% | -26.5K% | -6.1K% | -1.9K% | -1.2K% | -374.5% | -2.2K% |
| Non-operating income, net | 56.7M | 71.1M | 73.5M | 84.7M | 84.7M | -216.1M | 25.5M |
| Pretax income | -71.1M | -88.4M | -102.5M | -141.6M | -180.1M | -346.5M | -664.1M |
| Income tax | — | 0 | 0 | 0 | 0 | 1.9M | 342K |
| Net income | -71.1M | -88.4M | -102.5M | -141.6M | -180.1M | -348.4M | -664.5M |
| Net margin | -19.1K% | -14.7K% | -3.6K% | -1.2K% | -789.6% | -940.4% | -2.1K% |
| EBITDA | -68.3M | -156.8M | -172.1M | -239.4M | -296.6M | 86.1M | -713.7M |
| EPS | -1.63 | -2.03 | -2.35 | -0.51 | -0.8 | -1.47 | -2.17 |
| Diluted EPS | -1.63 | -2.03 | -2.35 | -0.51 | -0.8 | -1.47 | -2.17 |
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 | 7M | 4.6M | 1.4M | 967K | 475K | 34.2M | 13.4M | 8.1M | 8.2M | 1.8M | 565K | 75K |
| Cost of revenue | 5.9M | 3.8M | 735K | 850K | 295K | 3.1M | 6.4M | 6.3M | 5.5M | 1.9M | 544K | 227K |
| Gross profit | 1M | 720K | 644K | 117K | 180K | 31.2M | 7M | 1.8M | 2.7M | -61K | 21K | -152K |
| Gross margin | 14.5% | 15.8% | 46.7% | 12.1% | 37.9% | 91.1% | 52.4% | 22.1% | 32.9% | -3.37% | 3.72% | -202.7% |
| Research & development | 63.7M | 37.8M | 13.2M | 12.1M | 12.2M | 9.4M | 9.1M | 11.8M | 11.1M | 13.5M | 12.8M | 18.4M |
| Selling, general & administrative | 16.4M | 18M | 19.4M | 16.8M | 17M | 22.7M | 23.3M | 22.5M | 519.2M | 44.8M | 24.8M | 26.9M |
| Operating expenses | 93.9M | 71.8M | 44.6M | 42M | 41.2M | 43M | 42.3M | 44.9M | 541.1M | 72.7M | 57.5M | 63.9M |
| Operating income | -92.9M | -71.1M | -44M | -41.9M | -41M | -11.9M | -35.3M | -43.1M | -538.4M | -72.7M | -57.5M | -64M |
| Operating margin | -1.3K% | -1.6K% | -3.2K% | -4.3K% | -8.6K% | -34.6% | -264.1% | -534.9% | -6.5K% | -4K% | -10.2K% | -85.3K% |
| Non-operating income, net | 31.9M | 12.5M | -5.6M | -34.3M | -6.5M | -169.7M | 63K | 21K | 5.8M | 8.9M | 4K | 13.9M |
| Pretax income | -58.3M | -56.4M | -48.1M | -74.4M | -45.5M | -178.4M | -30.1M | -37.6M | -532.6M | -63.8M | -46.7M | -50.1M |
| Income tax | 0 | 0 | 0 | 0 | 12K | 1.9M | 342K | 0 | 0 | 0 | 0 | 0 |
| Net income | -58.3M | -56.4M | -48.1M | -74.4M | -45.6M | -180.3M | -30.4M | -37.6M | -532.6M | -63.8M | -46.7M | -50.1M |
| Net margin | -839.3% | -1.2K% | -3.5K% | -7.7K% | -9.6K% | -526.9% | -227.3% | -467% | -6.5K% | -3.5K% | -8.3K% | -66.8K% |
| EBITDA | -103.3M | -76.9M | -34.4M | -4.7M | -33.4M | 158.6M | -35M | -42.8M | -543.9M | -81.3M | -57.2M | -77.6M |
| EPS | -0.26 | — | -0.21 | -0.31 | -0.18 | — | -0.11 | -0.13 | -1.85 | — | -0.14 | -0.13 |
| Diluted EPS | -0.26 | — | -0.21 | -0.31 | -0.18 | — | -0.11 | -0.13 | -1.85 | — | -0.14 | -0.13 |
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 | — | — | — | — | — | — | — | 3.2B |
| Enterprise value | — | — | — | — | — | — | — | 2.3B |
| Shares outstanding | 43.6M | 43.6M | 43.6M | 50.8M | 73.4M | 93.2M | 163.7M | 163.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -3.64 |
| P/S | — | — | — | — | — | — | — | 323.2 |
| P/B | — | — | — | — | — | — | — | 1.68 |
| EV/EBITDA | — | — | — | — | — | — | — | -10.5 |
| EV/Sales | — | — | — | — | — | — | — | 219.1 |
| Earnings yield | — | — | — | — | — | — | — | -27.5% |
| FCF yield | — | — | — | — | — | — | — | -6.3% |
| PEG | — | — | — | — | — | — | — | -12.8 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 13.9% | 40.8% | 38.2% | 38% | 16.9% | 86.7% | 36.3% | -202.7% |
| Operating margin | -34.2K% | -26.5K% | -6.1K% | -1.9K% | -1.2K% | -374.5% | -2.2K% | -85.3K% |
| Net margin | -19.1K% | -14.7K% | -3.6K% | -1.2K% | -789.6% | -940.4% | -2.1K% | 36.3% |
| ROE | -183.3% | 327.4% | -149.8% | -51.1% | -139.3% | -76.9% | -59.7% | -55.2% |
| ROA | -93.9% | -187.8% | -84.6% | -40.6% | -80.1% | -64% | -47% | -10.6% |
| ROIC | — | -4.4K% | -2.6K% | -2.1K% | -2.6K% | -1.2K% | 490.2% | -77.8% |
| Return on tangible assets | -320.3% | 1.5K% | -149.8% | -47.8% | -104.2% | -70.7% | -48.8% | -34.7% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.19 | 0.16 | 1.78 | 7.38 | 1.77 | 5.25 | 4.3 | 37.9 |
| Quick ratio | 1.19 | 0.16 | 1.78 | 7.38 | 1.77 | 5.25 | 4.3 | 37.9 |
| Debt / equity | 0.38 | -1.31 | 0.23 | 0.01 | 0.01 | — | — | 0 |
| Debt / assets | 0.19 | 0.75 | 0.13 | 0 | 0.01 | — | — | 0 |
| Net debt / EBITDA | 0.04 | -0.2 | 0.36 | 1.11 | 0.4 | — | — | 1.41 |
| Interest coverage | -412.4 | -243.3 | — | — | — | — | — | — |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.01 | 0.01 | 0.07 | 0.23 | 0.31 | 0.4 | 0.19 | 0.04 |
| EPS (basic) | -1.63 | -2.03 | -2.35 | -0.51 | -0.8 | -1.47 | -2.17 | -2.17 |
| EPS (diluted) | -1.63 | -2.03 | -2.35 | -0.51 | -0.8 | -1.47 | -2.17 | -2.2 |
| Book value per share | 0.89 | -0.62 | 1.57 | 5.46 | 1.76 | 4.86 | 6.8 | 5.02 |
| FCF per share | -1.55 | -1.16 | -2.32 | -2.97 | -2.52 | -1.17 | -2.81 | -2.14 |
| Cash per share | 0.39 | 0.11 | 1.77 | 5.27 | 1.64 | 4.74 | 7.66 | 2.61 |
| Capex per share | 0.02 | 0.08 | 0.04 | 0.05 | 0.02 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 288.5% | 587.7% | 68.2% | 19.8% | 7.56% | 0.41% | — | — |
| Capex / operating cash flow | -1.64% | -8.04% | -1.91% | -1.76% | -1.15% | -0.04% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| Dividend yield | — | — | — | — | — | — | — | 63.3% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Mar 30, 2023 | $1.25 |
| Jun 16, 2022 | $1.25 |
| Mar 31, 2022 | $0.88 |
| Apr 6, 2021 | $0.88 |
| Mar 31, 2021 | $0.88 |
| Aug 17, 2020 | $0.55 |
| Mar 24, 2017 | $1.05 |
| Mar 24, 2016 | $1.05 |
| — |
| — |
| $2.9M |
| — |
| FY20 | — | -$2.03 | — | — | $600K | — |
| FY19 | — | -$1.63 | — | — | $373K | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $7M | $4.6M | $1.4M | $967K | $475K | $34.2M | $13.4M | $8.1M | $8.2M | $1.8M | $565K | $75K |
| YoY change | +119.1% | +32.6% | -75% | -83.3% | -93.2% | +650.5% | +869.9% | +732.9% | +1.6K% | -94.7% | -95.8% | -99.1% |
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 | 17.1M | 4.9M | 77.1M | 267.7M | 120.3M | 441.6M | 1.3B |
| Receivables | 20.8M | 2.8M | 4.8M | 11.2M | 10.1M | 21.1M | 8.4M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 41.3M | 11.6M | 86.1M | 284.4M | 154.5M | 471.1M | 1.3B |
| Property, plant & equipment | 3.1M | 5M | 5M | 4.8M | 4.1M | 2.4M | 1.9M |
| Goodwill & intangibles | 53.5M | 53.1M | 52.8M | 52.4M | 52.1M | 51.7M | 51.4M |
| Total assets | 75.7M | 47.1M | 121.2M | 348.6M | 224.9M | 544.7M | 1.4B |
| Accounts payable | 11.1M | 16.7M | 22.4M | 28M | 44.9M | 47.9M | 286.5M |
| Short-term debt | 14.6M | 35.5M | 15.5M | 1.6M | 1.5M | — | — |
| Total current liabilities | 34.7M | 70.5M | 48.4M | 38.6M | 87.5M | 89.7M | 296.1M |
| Long-term debt | — | — | — | — | — | — | — |
| Total liabilities | 36.9M | 74.1M | 52.8M | 71.5M | 95.5M | 91.6M | 299M |
| Shareholders' equity | 38.8M | -27M | 68.4M | 277.1M | 129.3M | 453.1M | 1.1B |
| Total debt | 14.6M | 35.5M | 15.5M | 1.6M | 1.5M | — | — |
| Net debt | -2.5M | 30.6M | -61.6M | -216.1M | -118.8M | — | — |
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 | 117.5M | 120.3M | 132M | 130.9M | 156.6M | 441.6M | 521.4M | 420.7M | 691.8M | 1.3B | 890.1M | 1.1B |
| Receivables | 20.2M | 10.1M | 5.1M | 8.4M | 7.9M | 21.1M | 13.3M | 12.8M | 15.2M | 8.4M | 8.5M | 13.2M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 159.2M | 154.5M | 156.8M | 156.3M | 180.6M | 471.1M | 543.4M | 442.6M | 719.8M | 1.3B | 908.5M | 1.1B |
| Property, plant & equipment | 4.6M | 4.1M | 3.6M | 3.1M | 2.8M | 2.4M | 2.3M | 1.8M | 2.1M | 1.9M | 3.2M | 3.3M |
| Goodwill & intangibles | 52.2M | 52.1M | 52M | 51.9M | 51.8M | 51.7M | 51.6M | 51.5M | 51.5M | 51.4M | 51.3M | 51.2M |
| Total assets | 308.5M | 224.9M | 229.8M | 229.2M | 253.3M | 544.7M | 618.1M | 606.5M | 883.1M | 1.4B | 1.1B | 2B |
| Accounts payable | 35.9M | 44.9M | 45.9M | 19.1M | 17.9M | 47.9M | 47.6M | 64.6M | 403.4M | 286.5M | 21.6M | 19.8M |
| Short-term debt | — | 1.5M | — | — | — | — | — | — | — | — | 728K | 756K |
| Total current liabilities | 81.5M | 87.5M | 85.1M | 58.8M | 80.6M | 89.7M | 87.3M | 104.9M | 445.6M | 296.1M | 30.9M | 29.1M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 128.9M | 95.5M | 101.1M | 135.9M | 163.2M | 91.6M | 88.6M | 107.6M | 448.3M | 299M | 38.4M | 35.5M |
| Shareholders' equity | 179.6M | 129.3M | 128.7M | 93.3M | 90.1M | 453.1M | 529.5M | 498.9M | 434.8M | 1.1B | 1.1B | 2B |
| Total debt | — | 1.5M | — | — | — | — | — | — | — | — | 728K | 756K |
| Net debt | — | -118.8M | — | — | — | — | — | — | — | — | -340.4M | -765.7M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -71.1M | -88.4M | -102.5M | -141.6M | -180.1M | -348.4M | -664.5M |
| Depreciation & amortization | 2.6M | 2.1M | 2.2M | 2.7M | 2.6M | 1.8M | 1.2M |
| Stock-based compensation | 4M | 3.7M | 6.4M | 9.3M | 16.2M | 13.6M | 19.2M |
| Change in working capital | -3.1M | 36.5M | -9.9M | -5.5M | 13.6M | -14.8M | 199.3M |
| Operating cash flow | -65.5M | -43.9M | -102.1M | -132.7M | -150.1M | -347.8M | -459.6M |
| Capital expenditure | -1.1M | -3.5M | -2M | -2.3M | -1.7M | 151K | — |
| Investing cash flow | -1.1M | -3.5M | -2M | -52.3M | -1.7M | -39.8M | -410.8M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | 0 | -49K | -17K | -566K | 0 | 0 | — |
| Financing cash flow | 76.8M | 38.5M | 145.4M | 338.5M | 9.8M | 202M | 1.3B |
| Net change in cash | 10.2M | -9M | 41.3M | 153.5M | -141.9M | -185.6M | 429M |
| Free cash flow | -67.5M | -50.8M | -101.1M | -150.9M | -185M | -108.7M | -460.1M |
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 | -58.3M | -56.4M | -48.1M | -74.4M | -45.6M | -180.3M | -30.4M | -37.6M | -532.6M | -63.8M | -46.7M | -50.1M |
| Depreciation & amortization | 685K | 611K | 534K | 447K | 438K | 423K | 313K | 305K | 293K | 270K | 309K | 334K |
| Stock-based compensation | 4M | 4.1M | 2.2M | 4.3M | 3.9M | 3.2M | 4.5M | 5.2M | 4.8M | 4.7M | 5.2M | 6.5M |
| Change in working capital | 19.1M | -21.2M | 1.2M | -1.6M | -1.2M | -1.4M | 4.8M | -1.5M | 356.8M | -140.8M | -264.7M | -13.3M |
| Operating cash flow | -34.7M | -75M | -44.3M | -71.5M | -42.5M | -177.8M | -20.8M | -33.3M | -199.8M | -203.7M | -314.7M | -58.2M |
| Capital expenditure | -54K | -51K | 0 | 0 | 0 | 151K | -67K | — | — | — | — | — |
| Investing cash flow | -54K | -51K | 0 | 0 | -45M | 5.2M | 9.9M | -162.2M | -154M | -104.6M | -216.9M | -458.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 7.9M | 2M | 41.6M | 31M | 31.2M | 100.8M | 99.8M | 0 | 462.6M | 737.4M | 37.3M | 947.2M |
| Net change in cash | -26.9M | -73.1M | -2.7M | -40.5M | -56.3M | -71.8M | 88.9M | -195.5M | 108.8M | 429.1M | -494.3M | 430.1M |
| Free cash flow | -27.7M | -73.3M | -33.5M | -36M | -12.7M | -26.5M | -22.9M | -33.3M | -199.9M | -204.1M | -316.2M | -58.6M |