| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $102.40M | $59.20M | $188.80M | $22.40M | $41.90M -59.1% | $9.50M -84.0% | $15.60M -91.7% | $249.70M +1014.7% | Strengthening |
| Operating Profit | -$60.30M | -$58.10M | $71.40M | -$71.50M | -$43.80M +27.4% | -$74.60M -28.4% | -$63.80M -189.4% | $164.10M | Weakening |
| Net Profit | -$49.20M | -$45.10M | $82.90M | -$61.20M | -$35.10M +28.7% | -$67.40M -49.4% | -$57.60M -169.5% | $169.40M | Weakening |
| EPS | $-0.68 | — | $1.14 | $-0.84 | $-0.48 +29.4% | — | $-0.90 -178.9% | $2.61 | Weakening |
| Other Income | $11.70M | $12.70M | $11.70M | $10.00M | $9.00M -23.1% | $7.30M -42.5% | $6.30M -46.2% | $5.50M -45.0% | Weakening |
| Interest | $0 | $0 | $0 | $0 | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$48.60M | -$45.40M | $83.10M | -$61.50M | -$34.80M +28.4% | -$67.30M -48.2% | -$57.50M -169.2% | $169.60M | Weakening |
| MarginsOPM | -58.9% | -98.1% | 37.8% | -319.2% | -104.5% -77.5% | -785.3% -700.1% | -409.0% -1181.4% | 65.7% | Weakening |
| Tax | -1.2% | 0.7% | 0.2% | 0.5% | -0.9% +30.1% | -0.1% -122.7% | -0.2% -170.8% | 0.1% -75.5% | Weakening |
| ReturnsROIC | 2.5% | 2.3% | -4.2% | 3.1% | 1.8% -28.7% | 3.4% +49.4% | 2.9% | -8.6% -376.8% | Weakening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $3.19M | $9.21M | $588.40M | $108.30M | $81.30M | $311.70M | $100.50M | $142.90M | $94.30M |
| Short-Term Investments | $184.64M | $271.66M | $100.20M | $1.39B | $1.12B | $949.30M | $938.90M | $542.50M | $473.60M |
| Total Current Assets | $195.68M | $290.88M | $703.10M | $1.55B | $1.24B | $1.28B | $1.07B | $700.70M | $652.20M |
| Net PP&E | $3.58M | $10.73M | $14.30M | $16.60M | $17.80M | $14.00M | $16.00M | $13.40M | $12.30M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — | — | — |
| Total Assets | $199.28M | $301.64M | $717.40M | $1.58B | $1.27B | $1.30B | $1.09B | $717.90M | $675.10M |
| LiabilitiesTotal Current Liabilities | $22.98M | $32.81M | $49.20M | $261.70M | $295.10M | $257.10M | $229.80M | $142.50M | $82.50M |
| Short-Term Debt | $154.5K | — | — | — | $0 | $200.0K | $200.0K | $200.0K | $200.0K |
| Long-Term Debt | $2.00M | $2.00M | $2.00M | $1.00M | $1.00M | $800.0K | $600.0K | $400.0K | $300.0K |
| Long-Term Leases | — | $1.71M | $1.10M | $2.90M | $2.70M | $500.0K | $7.30M | $6.80M | $5.80M |
| Total Liabilities | $62.61M | $74.96M | $75.20M | $799.90M | $703.90M | $644.60M | $529.70M | $284.00M | $112.90M |
| EquityCommon Stock & APIC | $31.2K | $38.5K | $0 | $0 | $100.0K | $100.0K | $100.0K | $100.0K | $100.0K |
| Retained Earnings | -$302.26M | -$372.56M | -$491.90M | -$682.90M | -$965.40M | -$1.33B | -$1.53B | -$1.61B | -$1.50B |
| Total Equity | $136.60M | $226.60M | $642.20M | $781.70M | $564.90M | $660.00M | $561.70M | $433.90M | $562.20M |
| HighlightsNet Cash / (Debt) | $185.67M | — | — | — | $1.20B | $1.26B | $1.04B | $684.80M | $567.40M |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$16.12M | -$40.60M | -$89.70M | $559.40M | -$273.50M | -$347.80M | -$259.30M | -$273.80M | -$207.00M |
| Cash from Investing | -$179.67M | -$93.10M | $164.30M | -$1.31B | $242.80M | $203.50M | $34.70M | $407.60M | $277.90M |
| Cash from Financing | $168.06M | $139.70M | $504.60M | $278.60M | $4.70M | $374.70M | $7.90M | -$91.40M | -$91.50M |
| SummaryCapital Expenditure | -$2.83M | -$6.30M | -$6.40M | -$4.70M | -$6.80M | -$2.90M | -$1.80M | -$1.90M | -$1.80M |
| Free Cash Flow | -$18.95M | -$46.90M | -$96.10M | $554.70M | -$280.30M | -$350.70M | -$261.10M | -$275.70M | -$208.80M |
| FCF Margin | -132.3% | -109.1% | -371.0% | 1034.9% | -213.3% | -446.8% | -99.1% | -105.0% | -65.9% |