Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-117.3%
Next ReportNov 12, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 31, 2026
$-0.27
$-0.61
56.1%
March 31, 2026
May 22, 2026
$-0.07
$-0.75
91.1%
Dec. 31, 2025
$-0.93
$-0.70
-32.6%
Sept. 30, 2025
$-0.61
$-0.34
-78.4%
June 30, 2025
$-0.35
$-0.11
-214.7%
March 31, 2025
$-0.31
$-0.35
12.5%
Dec. 31, 2024
$-0.52
$0.09
-655.0%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement15
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue
$1.52B
$1.47B
$1.50B
$1.26B
$1.69B
$1.29B
$1.15B
$617M
$259M
Cost of Revenue
$796M
$568M
$544M
$393M
$328M
$212M
$199M
$92M
$45M
Gross Profit
$728M
$899M
$954M
$865M
$1.36B
$1.08B
$953M
$526M
$215M
R&D Expense
$137M
$165M
$204M
$235M
$287M
$229M
$177M
$95M
$33M
SG&A Expense
·
$324M
$291M
$260M
$252M
$184M
$161M
$75M
$30M
Operating Expenses
$1.01B
$1.52B
$1.01B
$967M
$1.40B
$1.14B
$808M
$477M
$190M
Operating Income
$-286M
$-624M
$-61M
$-103M
$-33M
$-57M
$145M
$49M
$25M
Interest Income
$24M
$47M
$49M
$29M
$19M
$40M
$45M
$11M
$176.0K
Other Non-op
$13M
$1M
$22M
$8M
$12M
$9M
$35M
$990.0K
$-12M
Pretax Income
$-246M
$-588M
$8M
$-87M
$-16M
$93.0K
$226M
$58M
$13M
Income Tax
$796.0K
$-905.0K
$-18M
$-21M
$21M
$-5M
$50M
$3M
$-4M
Net Income
$-242M
$-590M
$21M
$-66M
$-8M
$6M
$177M
$55M
$17M
Shares (Basic)
77,863,698
79,384,454
77,646,899
82,665,269
81,680,504
81,534,991
59,357,935
24,555,427
26,882,387
Shares (Diluted)
77,863,698
79,384,454
78,054,950
82,665,269
81,680,504
83,781,406
63,309,091
24,555,427
26,882,387
EBITDA
$-229M
$-579M
$-15M
$-56M
$-2M
$-43M
$151M
·
·
Balance Sheet27
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Cash & Equivalents
$418M
$588M
$426M
$694M
$1.33B
$1.13B
$885M
$563M
$441M
Receivables
$52M
$99M
$57M
$36M
$55M
$53M
$26M
$10M
·
Inventory
$233M
$152M
$119M
$120M
$92M
·
·
·
·
Prepaid Expense
$246M
$195M
$172M
$127M
$92M
$43M
$68M
$50M
·
Other Current Assets
$9M
$10M
$6M
$2M
$3M
$277.0K
$36.0K
$451.0K
·
Current Assets
$1.48B
$1.72B
$1.72B
$1.92B
$2.03B
$2.80B
$2.96B
$1.28B
·
PP&E (Net)
$294M
$155M
$117M
$116M
$125M
$30M
$32M
$3M
·
PP&E (Gross)
$424M
$249M
$189M
$170M
$156M
$46M
$39M
$5M
·
Accum. Depreciation
$122M
$91M
$69M
$51M
$31M
$16M
$6M
$2M
·
Goodwill
$684.0K
$684.0K
$541M
$541M
$541M
$48M
·
·
·
Intangibles
$144M
$127M
$145M
$169M
$194M
$60M
$726.0K
·
·
Other Non-current Assets
$131M
$200M
$232M
$99M
$48M
$16M
$14M
$2M
·
Total Assets
$2.65B
$2.74B
$3.21B
$3.20B
$3.33B
$3.29B
$3.23B
$1.34B
·
Short-term Debt
$40M
$70M
$30M
·
·
·
·
·
·
Current Liabilities
$784M
$630M
$540M
$538M
$712M
$571M
$467M
$302M
·
Capital Leases
$183M
$125M
$86M
$21M
$62M
$93M
$121M
·
·
Deferred Tax
$11M
$20M
$25M
$31M
$39M
$9M
·
·
·
Other Non-current Liabilities
$3M
$1M
$2M
·
·
·
·
·
·
Total Liabilities
$981M
$776M
$653M
$590M
$813M
$672M
$587M
$302M
·
Total Debt
$40M
$70M
$30M
·
·
·
·
·
·
Paid-in Capital
$3.06B
$3.07B
$3.08B
$3.04B
$3.00B
$2.89B
$2.80B
·
·
Retained Earnings
$-1.17B
$-926M
$-330M
$-347M
$-272M
$-254M
$-259M
$-394M
·
Treasury Stock
$392M
$377M
$358M
$233M
$218M
·
·
·
·
AOCI
$13M
$32M
$18M
$4M
$-84M
$-52M
$92M
$36M
·
Stockholders' Equity
$1.55B
$1.84B
$2.44B
$2.50B
$2.45B
$2.60B
$2.64B
$-358M
$-167M
Liabilities + Equity
$2.65B
$2.74B
$3.21B
$3.20B
$3.33B
$3.29B
$3.23B
$1.34B
·
Shares Outstanding
·
·
·
·
·
70,212,159
·
·
26,882,387
Cash Flow15
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
D&A
$57M
$46M
$46M
$47M
$30M
$14M
$6M
$2M
$619.0K
Stock-based Comp
$9M
$33M
$36M
$43M
$106M
$92M
$104M
$26M
$3M
Deferred Tax
$-2M
$-16M
$-34M
$-25M
$2M
$-21M
$-4M
$-22M
$-9M
Amort. of Intangibles
$23M
$23M
$25M
$25M
$15M
$5M
$78.0K
$71.0K
·
Other Non-cash
$73M
$501M
$-48M
$-113M
$-45M
$88M
$101M
·
·
Operating Cash Flow
$-105M
$-26M
$23M
$-113M
$84M
$179M
$384M
$199M
$91M
CapEx
$197M
$63M
$51M
$16M
$45M
$37M
$38M
$6M
$222.0K
Investing Cash Flow
$-43M
$257M
$-203M
$-572M
$340M
$124M
$-1.34B
$-569M
$7M
Stock Repurchased
$15M
$18M
$126M
$15M
$218M
·
·
·
·
Net Stock Activity
$-15M
$-18M
$-126M
$-15M
$-218M
·
·
·
·
Dividends Paid
$19M
$44M
·
·
·
·
·
·
·
Financing Cash Flow
$-64M
$-22M
$-100M
$-14M
$-217M
$-6M
$1.27B
$485M
$325M
Net Change in Cash
$-213M
$213M
$-268M
$-643M
$198M
$244M
$338M
$123M
$422M
Taxes Paid
$-10M
$-12M
$-16M
$-11M
$-31M
$-24M
$-38M
$-243.0K
$-7.0K
Free Cash Flow
$-302M
$-88M
$-29M
$-129M
$39M
$142M
$346M
·
·
Profitability8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Gross Margin
47.8%
61.3%
63.7%
68.7%
80.6%
83.6%
82.8%
·
·
Operating Margin
-18.8%
-42.6%
-4.1%
-8.2%
-1.9%
-4.4%
12.6%
·
·
Net Margin
-15.9%
-40.2%
1.4%
-5.2%
-0.49%
0.45%
15.3%
·
·
Pretax Margin
-16.2%
-40.1%
0.53%
-6.9%
-0.97%
0.01%
19.7%
·
·
EBITDA Margin
-15.0%
-39.5%
-1.0%
-4.4%
-0.15%
-3.3%
13.1%
·
·
ROA
-9.0%
-19.8%
0.66%
-2.0%
-0.25%
0.18%
7.7%
·
·
ROE
-14.3%
-27.5%
0.86%
-2.6%
-0.33%
0.22%
15.5%
·
·
ROIC
-18.0%
-32.7%
-8.1%
-3.1%
-3.0%
-114.5%
4.3%
·
·
Liquidity & Solvency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Current Ratio
1.9
2.7
3.2
3.6
2.8
4.9
6.3
·
·
Quick Ratio
0.6
1.1
0.9
1.4
1.9
2.1
2.0
·
·
Debt / Equity
0.0
0.0
0.0
·
·
·
·
·
·
Efficiency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Asset Turnover
0.6
0.5
0.5
0.4
0.5
0.4
0.5
·
·
Inventory Turnover
4.1
4.2
4.5
3.7
7.1
·
·
·
·
Receivables Turnover
20.3
18.8
32.1
27.7
31.4
32.8
63.0
·
·
Per Share4
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Book Value / Share
·
·
·
·
·
$36.98
·
·
·
Revenue / Share
$19.57
$18.48
$19.19
$15.22
$20.72
$15.46
$18.19
·
·
Cash Flow / Share
$-1.35
$-0.32
$0.29
$-1.37
$1.03
$2.14
$6.06
·
·
Cash / Share
·
·
·
·
·
$16.05
·
·
·
Valuation (TTM)10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue TTM
$1.52B
$1.47B
$1.50B
$1.26B
$1.69B
$1.29B
$1.15B
·
·
Net Income TTM
$-242M
$-590M
$21M
$-66M
$-8M
$6M
$177M
·
·
Market Cap
·
·
·
·
·
$780M
·
·
·
P/S
·
·
·
·
·
0.6
·
·
·
P/B
·
·
·
·
·
0.3
·
·
·
P / Tangible Book
·
·
·
·
·
0.3
·
·
·
P / Cash Flow
·
·
·
·
·
4.4
·
·
·
P / FCF
·
·
·
·
·
5.5
·
·
·
Payout Ratio
-7.8%
-7.4%
·
·
·
·
·
·
·
Annual Payout
$19M
$44M
·
·
·
·
·
·
·
Valuation (TTM)3
Metric
Trend
Q4 2025
Revenue TTM
$1.52B
Net Income TTM
$-242M
Annual Payout
$19M
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$1.52B
$1.47B
$1.50B
$1.26B
$1.69B
Gross Margin %
47.8%
61.3%
63.7%
68.7%
80.6%
Operating Margin %
-18.8%
-42.6%
-4.1%
-8.2%
-1.9%
Net Income
$-242M
$-590M
$21M
$-66M
$-8M
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debt / Equity
0.0
0.0
0.0
·
·
Current Ratio
1.9
2.7
3.2
3.6
2.8
Quick Ratio
0.6
1.1
0.9
1.4
1.9
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-302M
$-88M
$-29M
$-129M
$39M
Institutional owners (13F)
32 filers
· $12.4M total
· As of June 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders32
Value held$12.4M
New positions4
Exited positions8
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
4 (-2 vs prior Q)
8 (-1 vs prior Q)
8 (-5 vs prior Q)
12 (+5 vs prior Q)
-1.6M
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Filer
Filed
Stake
Status
Purpose
Filing
Xing Jin, Beauty & Health Holdings Limited
×2 filings
Absolute Fortune Limited, Orchid Asia VI, L.P., Orchid Asia V Co-Investment, Limited, OAVI Holdings, L.P., Orchid Asia VI GP, Limited, Golden Horizon Limited, Orchid Asia VII, L.P., Orchid Asia VII Co-Investment, Limited, OAVII Holdings, L.P., Orchid Asia VII GP, Limited, Orchid Asia V Group Management, Limited, Orchid Asia V Group, Limited, AREO Holdings Limited, Ms. Lam Lai Ming
×9 filings
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
2 insiders
· 2 officers · 2 directors