Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise28.7%
Next ReportNov 02, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Jul 31, 2026
$-0.04
$-0.14
71.7%
March 31, 2026
May 12, 2026
$-0.13
$-0.19
32.8%
Dec. 31, 2025
$-0.04
$-0.04
5.2%
Sept. 30, 2025
$-0.11
$-0.17
35.1%
June 30, 2025
$-0.22
$-0.24
10.2%
March 31, 2025
$-0.24
$-0.29
17.0%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement15
Metric
Trend
2025
2024
2023
2022
Revenue
$1.27B
$693M
$532M
$321M
R&D Expense
$173M
$149M
$90M
$83M
SG&A Expense
$732M
$755M
$297M
$233M
Operating Expenses
$1.52B
$1.38B
$728M
$586M
Operating Income
$-253M
$-691M
$-196M
$-265M
Interest Income
$13M
$11M
$8M
$3M
Other Non-op
$31M
$32M
$22M
$-5M
Pretax Income
$-291M
$-701M
$-214M
$-289M
Income Tax
$-52M
$266.0K
$288.0K
$66.0K
Net Income
$-245M
$-706M
$-214M
$-290M
EPS (Basic)
$-1.41
$-6.23
$-4.20
$-5.30
EPS (Diluted)
$-1.41
$-6.23
$-4.20
$-5.30
Shares (Basic)
174,264
119,849
63,306
63,306
Shares (Diluted)
174,264
119,849
63,306
63,032
EBITDA
$-253M
$-691M
·
·
Balance Sheet22
Metric
Trend
2025
2024
2023
2022
Cash & Equivalents
$605M
$341M
$166M
$303M
Receivables
$311M
$155M
$94M
·
Inventory
$52M
$38M
$29M
·
Prepaid Expense
$40M
$26M
$17M
·
Current Assets
$1.17B
$668M
$350M
·
PP&E (Net)
$89M
$58M
$62M
·
PP&E (Gross)
$227M
$163M
$141M
·
Accum. Depreciation
$137M
$105M
$79M
·
Goodwill
$470M
$73M
$73M
$53M
Intangibles
$349M
$12M
$22M
·
Total Assets
$2.27B
$926M
$564M
·
Accounts Payable
$82M
$54M
$54M
·
Accrued Liabilities
$155M
$130M
$83M
·
Current Liabilities
$372M
$291M
$233M
·
Capital Leases
$74M
$26M
$32M
·
Other Non-current Liabilities
$57M
$16M
$20M
·
Total Liabilities
$1.78B
$870M
$841M
·
Retained Earnings
$-2.40B
$-2.15B
$-1.40B
·
Treasury Stock
$7M
$4M
$4M
·
AOCI
$902.0K
$94.0K
$5.0K
·
Stockholders' Equity
$491M
$56M
$-1.38B
$-1.13B
Liabilities + Equity
$2.27B
$926M
$564M
·
Cash Flow11
Metric
Trend
2025
2024
2023
2022
Stock-based Comp
$125M
$534M
$0
$0
Deferred Tax
$-53M
$0
$0
·
Operating Cash Flow
$-218M
$-189M
$-214M
$-168M
CapEx
$21M
$22M
$35M
$18M
Investing Cash Flow
$-398M
$-130M
$-40M
$-58M
Net Debt Issued
$-277M
·
·
·
Dividends Paid
$0
$6M
$6M
$6M
Financing Cash Flow
$884M
$494M
$118M
$251M
Net Change in Cash
$268M
$175M
$-137M
$25M
Taxes Paid
$654.0K
$206.0K
$161.0K
$6.0K
Free Cash Flow
$-239M
$-211M
·
·
Profitability7
Metric
Trend
2025
2024
2023
2022
Operating Margin
-19.9%
-99.7%
·
·
Net Margin
-19.3%
-101.8%
·
·
Pretax Margin
-22.9%
-101.1%
·
·
EBITDA Margin
-19.9%
-99.7%
·
·
ROA
-15.3%
-94.7%
·
·
ROE
-61.2%
-1282.5%
·
·
ROIC
-42.3%
-1227.1%
·
·
Liquidity & Solvency2
Metric
Trend
2025
2024
2023
2022
Current Ratio
3.1
2.3
·
·
Quick Ratio
2.5
1.7
·
·
Efficiency2
Metric
Trend
2025
2024
2023
2022
Asset Turnover
0.8
0.9
·
·
Receivables Turnover
5.5
5.6
·
·
Per Share3
Metric
Trend
2025
2024
2023
2022
Revenue / Share
$7298.06
$5785.60
·
·
Cash Flow / Share
$-1251.49
$-1577.36
·
·
EPS (TTM)
$-1.41
$-6.23
·
·
Growth Rates2
Metric
Trend
2025
2024
2023
2022
Revenue YoY
83.4%
30.4%
65.8%
·
Revenue CAGR 3Y
58.3%
·
·
·
Valuation (TTM)6
Metric
Trend
2025
2024
2023
2022
Revenue TTM
$1.27B
$693M
·
·
Net Income TTM
$-245M
$-706M
·
·
P/E
-41.9
-5.4
·
·
Earnings Yield
-2.4%
-18.4%
·
·
Payout Ratio
0.00%
-0.80%
·
·
Annual Payout
$0
$6M
·
·
Income Statement15
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Revenue
$382M
$348M
$367M
$334M
$315M
$256M
$201M
$181M
$166M
$146M
$148M
$136M
$132M
R&D Expense
$53M
$48M
$50M
$45M
$42M
$36M
$30M
$27M
$68M
$24M
$24M
$23M
$22M
SG&A Expense
$226M
$213M
$209M
$188M
$181M
$155M
$111M
$101M
$463M
$80M
$85M
$71M
$71M
Operating Expenses
$458M
$433M
$429M
$395M
$376M
$324M
$251M
$235M
$699M
$199M
$200M
$181M
$178M
Operating Income
$-76M
$-85M
$-61M
$-61M
$-62M
$-69M
$-51M
$-54M
$-533M
$-53M
$-52M
$-45M
$-45M
Interest Income
$4M
$4M
$5M
$5M
$1M
$2M
$4M
$5M
$2M
$1M
$2M
$1M
$2M
Other Non-op
$103M
$-28M
$15M
$3M
$42M
$-27M
$50M
$-12M
$-7M
$749.0K
$14M
$2M
$-766.0K
Pretax Income
$9M
$-123M
$-57M
$-81M
$-41M
$-112M
$-10M
$-74M
$-552M
$-65M
$-50M
$-53M
$-56M
Income Tax
$309.0K
$-62.0K
$-6M
$276.0K
$212.0K
$-46M
$122.0K
$38.0K
$95.0K
$11.0K
·
·
·
Net Income
$6M
$-126M
$-54M
$-80M
$-43M
$-68M
$-13M
$-76M
$-552M
$-65M
$-50M
$-53M
$-56M
EPS (Basic)
$0.03
$-0.70
$-0.30
$-0.46
$-0.25
$-0.40
$2.56
$-0.46
$-6.86
$-1.47
$-1.06
$-1.03
$-1.07
EPS (Diluted)
$0.03
$-0.71
$-0.30
$-0.46
$-0.25
$-0.40
$2.56
$-0.46
$-6.86
$-1.47
$-1.06
$-1.03
$-1.07
Shares (Basic)
179,917
178,880
·
174,945
173,381
170,506
·
165,612
82,325
63,430
·
63,286
63,286
Shares (Diluted)
182,397
178,964
·
174,945
173,381
170,506
·
165,612
82,325
63,430
·
63,286
63,286
EBITDA
$-76M
$-85M
·
$-61M
$-62M
$-69M
·
$-54M
$-533M
·
·
·
·
Balance Sheet22
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Cash & Equivalents
$600M
$521M
$605M
$656M
$186M
$152M
$341M
$388M
$479M
·
$166M
·
·
Receivables
$361M
$309M
$311M
$284M
$266M
$263M
$155M
$146M
$118M
·
·
·
·
Inventory
$54M
$52M
$52M
$55M
$48M
$50M
$38M
$36M
$33M
·
·
·
·
Prepaid Expense
$43M
$43M
$40M
$43M
$36M
$42M
$26M
$31M
$30M
·
·
·
·
Current Assets
$1.29B
$1.05B
$1.17B
$1.15B
$644M
$574M
$668M
$679M
$671M
·
·
·
·
PP&E (Net)
$89M
$89M
$89M
$91M
$93M
$94M
$58M
$59M
$61M
·
·
·
·
PP&E (Gross)
$240M
$233M
$227M
$220M
$214M
$207M
$163M
$158M
$152M
·
·
·
·
Accum. Depreciation
$151M
$144M
$137M
$130M
$122M
$113M
$105M
$99M
$92M
·
·
·
·
Goodwill
$470M
$470M
$470M
$465M
$326M
$326M
$73M
$73M
$73M
·
$73M
·
·
Intangibles
$312M
$331M
$355M
$373M
$388M
$400M
$12M
$14M
$16M
·
·
·
·
Total Assets
$2.37B
$2.14B
$2.27B
$2.28B
$1.63B
$1.54B
$926M
$972M
$865M
·
·
·
·
Accounts Payable
$74M
$41M
$82M
$60M
$79M
$89M
$54M
$49M
$29M
·
·
·
·
Accrued Liabilities
$181M
$161M
$155M
$161M
$166M
$129M
$130M
$102M
$85M
·
·
·
·
Current Liabilities
$391M
$318M
$372M
$350M
$418M
$336M
$291M
$253M
$182M
·
·
·
·
Capital Leases
$71M
$73M
$74M
$78M
$46M
$48M
$26M
$27M
$27M
·
·
·
·
Other Non-current Liabilities
$56M
$54M
$57M
$59M
$10M
$10M
$16M
$15M
$17M
·
·
·
·
Total Liabilities
$1.92B
$1.72B
$1.78B
$1.77B
$1.32B
$1.22B
$870M
$918M
$766M
·
·
·
·
Retained Earnings
$-2.52B
$-2.52B
$-2.40B
$-2.34B
$-2.26B
$-2.22B
$-2.15B
$-2.14B
$-2.06B
·
·
·
·
Treasury Stock
$7M
$7M
$7M
$4M
$4M
$4M
$4M
$4M
$4M
·
·
·
·
AOCI
$-2M
$-908.0K
$902.0K
$6M
$8M
$5M
$94.0K
$10M
$-94.0K
·
·
·
·
Stockholders' Equity
$445M
$416M
$491M
$508M
$310M
$326M
$56M
$54M
$98M
·
$-1.38B
·
·
Liabilities + Equity
$2.37B
$2.14B
$2.27B
$2.28B
$1.63B
$1.54B
$926M
$972M
$865M
·
·
·
·
Cash Flow10
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Stock-based Comp
$54M
$53M
$45M
$34M
$22M
$23M
$25M
$21M
$488M
$0
$0
$0
·
Deferred Tax
$0
$0
$-6M
$0
$0
$-46M
$0
$0
$0
$0
·
·
·
Operating Cash Flow
$-8M
$-73M
$-37M
$-120M
$44M
$-106M
$-39M
$49M
$-97M
$-101M
$-40M
$-53M
·
CapEx
$6M
$8M
$5M
$7M
$8M
$2M
$8M
$43.0K
$8M
$6M
$3M
$16M
·
Investing Cash Flow
$-11M
$-10M
$-11M
$-2M
$-10M
$-376M
$-8M
$-131M
$-8M
$17M
$-6M
$-16M
·
Dividends Paid
·
·
$0
$0
·
·
$0
$0
·
·
$0
$0
·
Financing Cash Flow
$97M
$-271.0K
$-4M
$595M
$0
$293M
$-179.0K
$-8M
$504M
$-1M
$79M
$-519.0K
·
Net Change in Cash
$78M
$-84M
$-51M
$472M
$35M
$-189M
$-47M
$-91M
$399M
$-86M
$33M
$-70M
·
Taxes Paid
$303.0K
$-56.0K
$81.0K
$437.0K
$136.0K
$0
$79.0K
$38.0K
$89.0K
$0
$60.0K
$60.0K
·
Free Cash Flow
·
$-81M
·
·
·
$-108M
·
·
·
·
·
·
·
Profitability7
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Operating Margin
-19.9%
-24.3%
·
-18.2%
-19.6%
-26.9%
·
-29.6%
-321.4%
·
·
·
·
Net Margin
1.5%
-36.2%
·
-23.9%
-13.6%
-26.6%
·
-41.9%
-332.7%
·
·
·
·
Pretax Margin
2.3%
-35.3%
·
-24.3%
-12.9%
-43.9%
·
-41.0%
-332.7%
·
·
·
·
EBITDA Margin
-19.9%
-24.3%
·
-18.2%
-19.6%
-26.9%
·
-29.6%
-321.4%
·
·
·
·
ROA
0.28%
-6.9%
·
-4.9%
-3.4%
-8.8%
·
-15.6%
-127.7%
·
·
·
·
ROE
1.5%
-33.9%
·
-28.5%
-21.0%
-41.7%
·
-282.3%
-1124.1%
·
·
·
·
ROIC
-16.5%
-20.3%
·
-12.0%
-20.1%
-12.4%
·
·
·
·
·
·
·
Liquidity & Solvency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Current Ratio
3.3
3.3
·
3.3
1.5
1.7
·
2.7
3.7
·
·
·
·
Quick Ratio
2.5
2.6
·
2.7
1.1
1.2
·
2.1
3.3
·
·
·
·
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Asset Turnover
0.2
0.2
·
0.2
0.3
0.3
·
0.4
0.4
·
·
·
·
Receivables Turnover
1.2
1.2
·
1.6
1.6
1.9
·
2.5
2.8
·
·
·
·
Per Share3
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Revenue / Share
$2097.00
$1945.17
·
$1910.35
$1814.70
$1499.87
·
$1092.49
$2016.02
·
·
·
·
Cash Flow / Share
·
$-409.45
·
·
·
$-619.47
·
·
·
·
·
·
·
EPS (TTM)
$-1.44
$-1.72
·
$1.45
$1.45
$-5.16
·
$-9.85
$-10.42
$-4.63
·
·
·
Valuation (TTM)4
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Revenue TTM
$1.43B
$1.36B
·
$1.11B
$952M
$803M
·
$640M
$596M
$562M
·
·
·
Net Income TTM
$-254M
$-303M
·
$-204M
$-200M
$-709M
·
$-743M
$-721M
$-224M
·
·
·
P/E
-40.2
-26.3
·
55.7
43.8
-9.3
·
-5.7
-3.4
·
·
·
·
Earnings Yield
-2.5%
-3.8%
·
1.8%
2.3%
-10.7%
·
-17.4%
-29.8%
·
·
·
·
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
Revenue
$1.27B
$693M
$532M
$321M
Operating Margin %
-19.9%
-99.7%
·
·
Net Income
$-245M
$-706M
$-214M
$-290M
Diluted EPS
$-1.41
$-6.23
$-4.20
$-5.30
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Current Ratio
3.1
2.3
·
·
Quick Ratio
2.5
1.7
·
·
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Free Cash Flow
$-239M
$-211M
·
·
Institutional owners (13F)
564 filers
· $8.6B total
· As of Sept. 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.
Holders564
Value held$8.6B
New positions131
Exited positions50
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
131 (+40 vs prior Q)
50 (-46 vs prior Q)
175 (+1 vs prior Q)
137 (+11 vs prior Q)
+10.1M
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.