Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-434.8%
Next ReportNov 02, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Sep 1, 2026
$-0.79
—
—
March 31, 2026
Jun 8, 2026
$-1.13
—
—
Sept. 30, 2025
$-0.04
—
—
June 30, 2025
$-0.39
—
—
March 31, 2025
$-1.13
—
—
Dec. 31, 2024
$-1.40
$0.42
-434.8%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement16
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$259M
$183M
$353M
$614M
$6.25B
$6.43B
$5.81B
$3.65B
$2.05B
$1.56B
Cost of Revenue
$160M
$112M
$261M
$495M
$4.94B
$5.10B
$4.34B
$2.71B
$1.55B
$1.28B
Gross Profit
$99M
$70M
$92M
$119M
$1.31B
$1.33B
$1.47B
$939M
$495M
$276M
R&D Expense
$45M
$46M
$52M
$77M
$515M
$538M
$431M
$263M
$154M
$132M
SG&A Expense
$29M
$25M
$27M
$35M
$258M
$262M
$248M
$214M
$115M
$103M
Operating Expenses
$128M
$117M
$123M
$181M
$1.21B
$1.16B
$861M
$574M
$313M
$263M
Operating Income
$-29M
$-47M
$-30M
$-62M
$94M
$174M
$606M
$366M
$182M
$13M
Interest Expense
·
·
$48M
$57M
$45M
$23M
·
·
·
·
Pretax Income
$-35M
$-58M
$-35M
$-56M
$107M
$266M
$652M
$387M
$192M
$29M
Income Tax
$3M
$14M
$-2M
$-10M
$11M
$31M
$78M
$52M
$28M
$3M
Net Income
$-40M
$-76M
$-31M
$-43M
$138M
$229M
$575M
$340M
$168M
$24M
EPS (Basic)
$-0.16
$-0.29
$-0.13
$-0.18
$0.55
$0.92
$2.35
$0.54
$0.68
$-0.22
EPS (Diluted)
$-0.16
$-0.29
$-0.13
$-0.18
$0.52
$0.88
$2.24
$0.51
$0.65
$-0.22
Shares (Basic)
254,431,492
258,876,120
243,135,964
246,283,328
252,167,610
248,470,684
243,648,186
211,873,704
67,777,592
55,612,626
Shares (Diluted)
254,431,492
258,876,120
243,135,964
246,283,328
264,368,629
260,351,994
255,959,172
225,034,650
76,291,901
55,612,626
EBITDA
$-25M
$-42M
$-153M
$-352M
$146M
$201M
$606M
$366M
$182M
·
Balance Sheet32
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Cash & Equivalents
$57M
$91M
$134M
$129M
$1.47B
$2.27B
$1.80B
$1.44B
$366M
$153M
Short-term Investments
·
$997.0K
$5M
$34M
$19M
$18M
$17M
$50M
$14M
$9M
Receivables
$67M
$63M
$61M
$682M
$537M
$298M
$189M
$59M
$33M
$20M
Inventory
$73M
$57M
$85M
$1.02B
$1.25B
$1.22B
$894M
$485M
$250M
$192M
Prepaid Expense
$34M
$17M
$17M
$108M
$315M
$153M
$67M
$58M
$51M
$9M
Other Current Assets
$2M
$235.0K
·
·
·
·
·
·
·
·
Current Assets
$294M
$252M
$317M
$2.96B
$3.93B
$4.83B
$4.39B
$2.86B
$1.30B
$860M
PP&E (Net)
$6M
$7M
$9M
$101M
$134M
$125M
$64M
$40M
$29M
$11M
PP&E (Gross)
·
·
$211M
$203M
$195M
$159M
$82M
$44M
$35M
$13M
Accum. Depreciation
$23M
$21M
$21M
$112M
$71M
$36M
$21M
$12M
$6M
$3M
Goodwill
$10M
$10M
$10M
$66M
$61M
$63M
$6M
$6M
$6M
$0
Intangibles
$14M
$7M
$10M
$123M
$136M
$145M
$86M
$64M
$5M
$1M
Other Non-current Assets
$4M
$5M
$10M
$50M
$20M
$28M
$9M
$7M
$3M
·
Total Assets
$565M
$529M
$636M
$5.27B
$6.09B
$5.90B
$5.17B
$3.26B
$1.47B
$973M
Accounts Payable
$81M
$51M
$37M
$457M
$1.32B
$1.95B
$2.00B
$1.06B
$708M
$524M
Accrued Liabilities
$757.0K
$123.0K
$832.0K
$7M
$17M
$15M
$18M
$6M
$4M
$1M
Short-term Debt
$112M
$62M
$67M
$456M
$104M
·
$2M
$19M
$5M
$3M
Current Liabilities
$287M
$195M
$155M
$1.67B
$2.15B
$2.79B
$2.48B
$1.39B
$877M
$634M
Capital Leases
$1M
$2M
$3M
$32M
$71M
$116M
$76M
·
·
·
Deferred Tax
$3M
$3M
$4M
$36M
$27M
$22M
$5M
·
·
·
Other Non-current Liabilities
$209.0K
$133.0K
$270.0K
$163M
$175M
$185M
$114M
$56M
$5M
·
Total Liabilities
$350M
$276M
$283M
$2.58B
$3.15B
$3.17B
$2.68B
$1.45B
$888M
$634M
Long-term Debt
$59M
$75M
$120M
$684M
$727M
$60M
·
·
·
·
Total Debt
$112M
$62M
$476M
$456M
$104M
·
$2M
$19M
$5M
·
Common Stock
·
·
·
·
·
·
·
·
$56.0K
$56.0K
Paid-in Capital
$281M
$278M
$273M
$1.69B
$1.64B
$1.55B
$1.48B
$1.37B
$72M
$51M
Retained Earnings
$-11M
$29M
$104M
$943M
$1.27B
$1.13B
$911M
$340M
$131M
$-36M
Treasury Stock
$16M
$15M
$13M
$67M
$22M
·
·
·
·
·
AOCI
$-39M
$-40M
$-14M
$106M
$29M
$45M
$111M
$97M
$22M
$16M
Stockholders' Equity
$215M
$252M
$351M
$2.67B
$2.92B
$2.73B
$2.50B
$1.81B
$226M
$30M
Liabilities + Equity
$565M
$529M
$636M
$5.27B
$6.09B
$5.90B
$5.17B
$3.26B
$1.47B
$973M
Shares Outstanding
·
·
·
·
·
·
·
0
91,304,327
91,169,327
Cash Flow14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
D&A
$5M
$5M
$8M
$9M
$52M
$27M
$17M
$6M
·
·
Stock-based Comp
$2M
$5M
$9M
$7M
$83M
$65M
$55M
$135M
$63M
$58M
Deferred Tax
$2M
$13M
$-3M
$-10M
$-21M
$-11M
$-28M
$-33M
$-19M
$-18M
Amort. of Intangibles
$3M
$2M
$2M
$3M
$17M
$12M
$8M
$443.0K
$175.0K
·
Other Non-cash
$5M
$28M
$415M
$-541M
$-484M
$-153M
·
·
·
·
Operating Cash Flow
$-26M
$-24M
$43M
$-117M
$-232M
$157M
$428M
$708M
$238M
$17M
CapEx
$516.0K
$1M
$2M
$1M
$46M
$84M
$34M
$17M
$21M
$10M
Investing Cash Flow
$1M
$-2M
$8M
$-6M
$-1.07B
$-207M
$-113M
$-325M
$-39M
$-99M
Stock Repurchased
$1M
$2M
$3M
$8M
$14M
·
·
$8M
·
·
Net Stock Activity
$-1M
$-2M
$-18M
$-53M
$-14M
·
·
$-8M
·
·
Dividends Paid
·
·
·
$6M
·
·
$5M
·
·
·
Financing Cash Flow
$25M
$477.0K
$-42M
$42M
$551M
$565M
$26M
$639M
$20M
$10M
Free Cash Flow
$-26M
$-26M
$287M
$-796M
$-278M
$74M
$394M
$690M
$217M
·
Levered FCF
·
·
$243M
$-843M
$-319M
·
·
·
·
·
Profitability8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Gross Margin
38.3%
38.5%
26.4%
19.4%
20.9%
20.7%
25.2%
25.8%
24.1%
·
Operating Margin
-11.3%
-25.9%
-8.3%
-9.9%
1.5%
2.7%
10.4%
10.0%
8.9%
·
Net Margin
-15.5%
-41.5%
-8.5%
-7.0%
2.2%
3.6%
9.9%
9.3%
8.2%
·
Pretax Margin
-13.7%
-31.7%
-9.5%
-9.0%
1.7%
4.1%
11.2%
10.6%
9.4%
·
EBITDA Margin
-9.5%
-23.1%
-6.1%
-8.5%
2.3%
3.1%
10.4%
10.0%
8.9%
·
ROA
-7.3%
-13.0%
-4.3%
-5.1%
2.3%
4.1%
13.6%
14.4%
13.8%
·
ROE
-17.2%
-25.1%
-8.2%
-10.3%
4.9%
8.8%
26.7%
33.4%
131.0%
·
ROIC
-9.6%
-18.6%
-6.5%
-10.8%
2.8%
5.6%
21.3%
17.3%
67.4%
·
Liquidity & Solvency4
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Current Ratio
1.0
1.3
2.0
1.8
1.8
1.7
1.8
2.1
1.5
·
Quick Ratio
0.4
0.8
1.3
1.0
0.9
0.9
0.8
1.1
0.5
·
Debt / Equity
0.5
0.2
0.2
0.2
0.0
·
0.0
0.0
0.0
·
Interest Coverage
·
·
-4.3
-7.2
2.1
·
·
·
·
·
Efficiency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Asset Turnover
0.5
0.3
0.5
0.7
1.0
1.2
1.4
1.5
1.7
·
Inventory Turnover
2.5
1.6
2.3
2.9
4.0
4.8
6.3
7.4
6.2
·
Receivables Turnover
4.0
3.0
4.5
6.8
15.0
26.4
46.9
79.4
77.9
·
Per Share5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Book Value / Share
·
·
·
·
·
·
·
·
$2.47
·
Revenue / Share
$1.02
$0.71
$10.26
$16.82
$23.64
$24.71
$22.71
$16.20
$26.86
·
Cash Flow / Share
$-0.10
$-0.09
$1.23
$-3.20
$-0.88
$0.60
$1.67
$3.14
$3.12
·
Cash / Share
·
·
·
·
·
·
·
·
$4.01
·
EPS (TTM)
$-0.16
$-0.29
$-0.13
$-0.18
$0.52
$0.88
$2.24
$0.51
$0.65
·
Valuation (TTM)14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue TTM
$259M
$183M
$353M
$614M
$6.25B
$6.43B
$5.81B
$3.65B
$2.05B
·
Net Income TTM
$-40M
$-76M
$-31M
$-43M
$138M
$229M
$575M
$340M
$168M
·
Market Cap
·
·
·
·
·
·
·
$0
·
·
Enterprise Value
·
·
·
·
·
·
·
$-1.47B
·
·
P/E
-168.4
-9.0
-43.7
-32.2
38.8
53.9
21.5
77.1
·
·
P/S
·
·
·
·
·
·
·
0.0
·
·
P / Cash Flow
·
·
·
·
·
·
·
0.0
·
·
P / FCF
·
·
·
·
·
·
·
0.0
·
·
EV / EBITDA
·
·
·
·
·
·
·
-4.0
·
·
EV / FCF
·
·
·
·
·
·
·
-2.1
·
·
EV / Revenue
·
·
·
·
·
·
·
-0.4
·
·
Earnings Yield
-0.59%
-11.2%
-2.3%
-3.1%
2.6%
1.9%
4.7%
1.3%
·
·
Payout Ratio
·
·
·
-13.9%
·
·
0.79%
·
·
·
Annual Payout
·
·
·
$6M
·
·
$5M
·
·
·
Per Share1
Metric
Trend
Q4 2024
Q4 2023
Q4 2022
Q4 2019
EPS (TTM)
$-0.29
$-0.13
$-0.18
$2.24
Valuation (TTM)5
Metric
Trend
Q4 2024
Q4 2023
Q4 2022
Q4 2019
Revenue TTM
$183M
$353M
$614M
$5.81B
Net Income TTM
$-76M
$-31M
$-43M
$575M
P/E
-9.0
-43.7
-32.2
21.5
Earnings Yield
-11.2%
-2.3%
-3.1%
4.7%
Annual Payout
·
·
$6M
$5M
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
$259M
$183M
$353M
$614M
$6.25B
Gross Margin %
38.3%
38.5%
26.4%
19.4%
20.9%
Operating Margin %
-11.3%
-25.9%
-8.3%
-9.9%
1.5%
Net Income
$-40M
$-76M
$-31M
$-43M
$138M
Diluted EPS
$-0.16
$-0.29
$-0.13
$-0.18
$0.52
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debt / Equity
0.5
0.2
0.2
0.2
0.0
Current Ratio
1.0
1.3
2.0
1.8
1.8
Quick Ratio
0.4
0.8
1.3
1.0
0.9
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-26M
$-26M
$287M
$-796M
$-278M
Institutional owners (13F)
32 filers
· $35.6M 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$35.6M
New positions7
Exited positions13
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
7 (0 vs prior Q)
13 (+1 vs prior Q)
10 (-2 vs prior Q)
9 (-5 vs prior Q)
-1.3M
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
Banyan Capital Holdings Co., Ltd., Banyan Partners Fund I, L.P., Banyan Partners Ltd.
×3 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
3 insiders
· 3 officers · 0 directors