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 | $0.34 | -$0.89 | -361.8% | — | $137.1M | — |
| Q1 26 | -$0.54 | -$1.06 | -96.3% | — | $1.3M | — |
| Q4 25 | -$0.6 | -$0.64 | -6.7% | — | $0 | — |
| Q3 25 | -$0.86 | -$1.46 | -69.8% | — | $0 | — |
| Q2 25 | -$0.62 | -$1.7 | -174.2% | — | $0 | — |
| Q1 25 | -$0.42 | -$1.05 | -150.0% | — | $0 | — |
| Q4 24 | -$0.22 | -$0.54 | -145.5% | — | — | — |
| Q3 24 | -$0.56 | -$1.24 | -121.4% | — | $0 | — |
| Q2 24 | -$0.46 | -$1.4 | -204.3% | — | $0 | — |
| Q1 24 | -$0.27 | -$3.22 | -1092.6% | — | — | — |
| Q4 23 | -$0.7 | -$1.61 | -130.0% | — | $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 | — | -$4.18 | — | — | $0 | — |
| FY23 | — | -$1.78 | — | — | $0 | — |
| FY22 | — | -$0.07 | — | — | $0 | — |
| FY21 | — | $0.14 | — | — | $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 | FY23 | 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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q2 24 | Q3 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 | FY23 | FY25 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | 12.9M |
| Gross profit | — | — | — | -12.9M |
| Gross margin | — | — | — | — |
| Research & development | — | — | — | — |
| Selling, general & administrative | 1.7M | — | — | 176.2M |
| Operating expenses | 3.4M | 6.2M | 4.9M | 176.2M |
| Operating income | -1.7M | -6.2M | -4.9M | -408.3M |
| Operating margin | — | — | — | — |
| Non-operating income, net | 5.9M | 327.3K | -30.8M | 98M |
| Pretax income | 4.3M | -1.8M | -31.3M | -398.5M |
| Income tax | 0 | 757.1K | 914.3K | 11.7M |
| Net income | 4.3M | -2.6M | -32.2M | -410.2M |
| Net margin | — | — | — | — |
| EBITDA | -7.8M | -6.6M | 22.1M | -384.9M |
| EPS | 0.14 | -0.07 | -1.78 | -4.18 |
| Diluted EPS | 0.14 | -0.07 | -1.78 | -4.18 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q2 24 | Q3 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3M | 137.1M |
| Cost of revenue | 5.3M | 5.3M | 5.3M | — | 2.7M | 2.8M | 3M | 3.2M | 3.3M | 3.4M | 3.9M | 32M |
| Gross profit | -5.3M | -5.3M | -5.3M | — | -2.7M | -2.8M | -3M | -3.2M | -3.3M | -3.4M | -2.7M | 105.1M |
| Gross margin | — | — | — | — | — | — | — | — | — | — | -210.1% | 76.6% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 3.1M | 2.9M | 3M | — | 33.2M | 26.2M | 22.3M | 75.3M | 36.7M | 41.8M | 48M | 58.5M |
| Operating expenses | 17.9M | 17.1M | 17.3M | 1.4M | 59.5M | 51.9M | 56.8M | 125.7M | 36.7M | 41.8M | 48M | 58.5M |
| Operating income | -23.2M | -22.3M | -22.5M | -1.4M | -62.2M | -54.6M | -59.8M | -128.9M | -119.4M | -100.2M | -118.8M | -66.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | -9.3K% | -48.8% |
| Non-operating income, net | -5K | 7K | -535K | -27.8M | -78.9M | -180.9M | -17.9M | 29.7M | 36.6M | 49.6M | -43.6M | 72.7M |
| Pretax income | -23.2M | -22.3M | -23.1M | -28.7M | -160.3M | -254.7M | -98.7M | -120.2M | -103.7M | -75.8M | -197M | -37.2M |
| Income tax | 0 | 0 | 0 | 128.8K | 5.1M | 865K | 10.9M | 7.8M | 6.6M | -13.7M | 0 | 27M |
| Net income | -23.2M | -22.3M | -23.1M | -28.8M | -165.4M | -255.6M | -109.5M | -128.1M | -110.4M | -62.2M | -197M | -64.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | -15.5K% | -46.8% |
| EBITDA | -17.9M | -17.1M | -17.8M | 22.7M | -59.9M | -57.3M | -52.9M | -122.8M | -113.9M | -95.3M | -113.9M | -33.8M |
| EPS | -1.48 | -1.43 | -1.74 | — | -2.75 | -4.11 | -1.3 | -1.4 | -1.11 | — | -1.37 | -0.42 |
| Diluted EPS | -1.48 | -1.43 | -1.74 | — | -2.75 | -4.11 | -1.3 | -1.4 | -1.11 | — | -1.37 | -0.42 |
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 | — | 307.2M | — | — | — | — | 685M |
| Enterprise value | — | 307.8M | — | — | — | — | 1.7B |
| Shares outstanding | — | 31.6M | 35.9M | 18.1M | — | 98.2M | 98.2M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | 71.9 | — | — | — | — | -0.86 |
| P/S | — | — | — | — | — | — | 4.95 |
| P/B | — | 1.12 | — | — | — | — | 1.4 |
| EV/EBITDA | — | -39.3 | — | — | — | — | -4.67 |
| EV/Sales | — | — | — | — | — | — | 11.9 |
| Earnings yield | — | 1.39% | — | — | — | — | -116.9% |
| FCF yield | — | -0.65% | — | — | — | — | -72.1% |
| PEG | — | — | — | — | — | — | 0.01 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | 76.6% |
| Operating margin | — | — | — | — | — | — | -48.8% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | — | 1.56% | -0.95% | -405.5% | — | -76.8% | -103.2% |
| ROA | — | 1.48% | -0.89% | -50.3% | — | -23.6% | -14% |
| ROIC | — | -0.61% | -2.25% | -32.4% | — | -29.6% | -29.7% |
| Return on tangible assets | — | 1.48% | -0.89% | -50.3% | — | -23.6% | -24.6% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 0.69 | 0.03 | 0.02 | — | 0.13 | 0.24 |
| Quick ratio | — | 0.69 | 0.03 | 0.02 | — | 0.11 | 0.18 |
| Debt / equity | — | 0 | 0.01 | 0.95 | — | 1.77 | 2.5 |
| Debt / assets | — | 0 | 0.01 | 0.12 | — | 0.54 | 0.56 |
| Net debt / EBITDA | — | -0.08 | -0.25 | 0.33 | — | -2.2 | -2.71 |
| Interest coverage | — | — | — | — | — | -3.52 | -2.34 |
| Effective tax rate | — | 0% | 0% | 0% | — | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | — | 0 | 1.08 |
| EPS (basic) | — | 0.14 | -0.07 | -1.78 | — | -4.18 | -4.18 |
| EPS (diluted) | — | 0.14 | -0.07 | -1.78 | — | -4.18 | -2.98 |
| Book value per share | — | 8.69 | 7.57 | 0.44 | — | 5.44 | 2.56 |
| FCF per share | — | -0.06 | -0.05 | -0.21 | — | -7.84 | -3.64 |
| Cash per share | — | 0.01 | 0 | 0.01 | — | 0.99 | 0.11 |
| Capex per share | — | — | — | — | — | 4.25 | 1.81 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | — | 200.3% |
| Capex / operating cash flow | — | — | — | — | — | -118.7% | -98.5% |
| Payout ratio | — | — | — | — | — | — | 0% |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $1.3M |
| $137.1M |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | — | 0% | 0% | — | +InfinityT% | +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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 9K | 322.8K | 100.3K | 267.8K | 300.4M | 97.7M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | 15.3M | 26.7M |
| Total current assets | 304.2K | 844.6K | 188.5K | 364.4K | 355.3M | 135.7M |
| Property, plant & equipment | — | — | — | — | 1.2B | -6M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 304.2K | 288.4M | 290.9M | 63.9M | 1.6B | 1.7B |
| Accounts payable | — | 275.5K | 4.6M | 7M | 16.8M | 25.2M |
| Short-term debt | 43.6K | 956.1K | 1.8M | 7.5M | 918K | 924.1M |
| Total current liabilities | 280.9K | 1.2M | 6.7M | 16.8M | 120.7M | 1B |
| Long-term debt | — | — | — | — | 850.5M | 19.3M |
| Total liabilities | 280.9K | 13.9M | 18.9M | 56M | 1.2B | 1.2B |
| Shareholders' equity | 23.3K | 274.6M | 272M | 7.9M | 384.2M | 534.3M |
| Total debt | 43.6K | 956.1K | 1.8M | 7.5M | 851.4M | 943.4M |
| Net debt | 34.6K | 633.3K | 1.7M | 7.2M | 551.1M | 845.7M |
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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q2 24 | Q3 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 133.7K | 93.6K | 709.5K | 267.8K | 112.1M | 288.2M | 189M | 247.1M | 41.6M | 97.7M | 52.2M | 21.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | 1.5M | 50.1M |
| Inventory | — | — | — | — | 16.6M | 15.8M | 15.1M | 20.5M | 25.1M | 26.7M | 20.7M | 25.7M |
| Total current assets | 436.8K | 235.7K | 955.8K | 364.4K | 167.1M | 344.1M | 245.1M | 308.2M | 78M | 135.7M | 85M | 107.3M |
| Property, plant & equipment | — | — | — | — | 1.1B | 1.1B | 1.3B | 1.4B | -5.4M | -6M | -9.9M | -39.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 87.3M | 87.5M | 64.9M | 63.9M | 1.2B | 1.5B | 1.6B | 1.8B | 1.6B | 1.7B | 1.7B | 1.8B |
| Accounts payable | 5.4M | 5.6M | 6.2M | 7M | 4.8M | 22.8M | 56.1M | 62.2M | 53.3M | 25.2M | 37.7M | 54.5M |
| Short-term debt | 2.3M | 2.2M | 3.8M | 7.5M | 1.3M | 361K | 1M | 876.7M | 898M | 924.1M | 960.5M | 239.7M |
| Total current liabilities | 10.6M | 10.5M | 13M | 16.8M | 61.3M | 98.3M | 146.9M | 1.1B | 1.1B | 1B | 1.1B | 446.4M |
| Long-term debt | — | — | — | — | 794.2M | 831.2M | 871.8M | 17.5M | 18.5M | 19.3M | 19M | 750.8M |
| Total liabilities | 21.4M | 16.4M | 28.2M | 56M | 1.1B | 1.3B | 1.3B | 1.3B | 1.3B | 1.2B | 1.3B | 1.4B |
| Shareholders' equity | 65.9M | 71.1M | 36.7M | 7.9M | 122M | 167.5M | 280.7M | 445.6M | 348.1M | 534.3M | 421.9M | 395M |
| Total debt | 2.3M | 2.2M | 3.8M | 7.5M | 795.5M | 831.6M | 872.8M | 894.2M | 916.5M | 943.4M | 979.5M | 990.5M |
| Net debt | 2.1M | 2.1M | 3.1M | 7.2M | 683.4M | 543.4M | 683.8M | 647M | 874.9M | 845.7M | 927.3M | 968.9M |
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 | FY23 | FY25 |
|---|---|---|---|---|
| Net income | 4.3M | -2.6M | -32.2M | -410.2M |
| Depreciation & amortization | — | — | — | 14.5M |
| Stock-based compensation | — | — | — | 42.7M |
| Change in working capital | 275.5K | 4.4M | 2.3M | -1.9M |
| Operating cash flow | 4.5M | -2.1M | -30.6M | -351.7M |
| Capital expenditure | — | — | — | -417.6M |
| Investing cash flow | -287.5M | 786.9K | 231.6M | -417.6M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | 0 | -230.1M | — |
| Financing cash flow | 283.2M | 705K | -227.6M | 531.2M |
| Net change in cash | 159.9K | -567K | -26.6M | -238.1M |
| Free cash flow | -2M | -1.7M | -3.8M | -769.3M |
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 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -191.8K | -11.6M | -23.2M | -22.3M | -23.1M | -28.8M | -109.5M | -128.1M | -110.4M | -62.2M | -197M | -64.2M |
| Depreciation & amortization | — | — | 5.3M | 5.3M | 5.3M | — | 3.4M | 3.6M | 3.7M | 3.8M | 4.3M | 32.4M |
| Stock-based compensation | — | — | 0 | 0 | 0 | — | 6.1M | 10.4M | 13.5M | 12.7M | 15M | 15.4M |
| Change in working capital | 922.4K | 3.5M | -1.7M | -516K | 283K | 800.3K | 1.5M | 17.4M | -3M | -17.8M | 15.7M | 25.7M |
| Operating cash flow | -516.5K | -10.3M | -22.1M | -19.1M | -17.5M | -24.8M | -66.6M | -95M | -110.6M | -98.1M | -82.2M | 9.4M |
| Capital expenditure | — | — | — | — | — | — | — | -129.7M | -130.1M | -94.5M | -21.1M | -31.5M |
| Investing cash flow | 137.5K | 466.9K | 206.2M | 410.2K | 24M | 956K | 0 | -129.7M | -130.1M | -94.5M | -21.1M | -31.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | — | -206.1M | 0 | -24M | 0 | — | — | — | — | — | — |
| Financing cash flow | 0 | 370K | -166.1M | 18.3M | -5.5M | 0 | -36K | 283M | -409K | 248.7M | 57.8M | -8.5M |
| Net change in cash | -379K | -9.5M | 18M | -347.3K | 1.1M | -23.9M | -66.7M | 58.3M | -241.1M | 56.1M | -45.5M | -30.6M |
| Free cash flow | -209.3K | -876.9K | -19.7M | -17.4M | -17.4M | -1.4M | -111.2M | -224.7M | -240.7M | -192.7M | -103.3M | -22.1M |