| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $12.50M | $7.68M | $20.04M | $37.96M | $45.87M +267.0% | $68.48M +791.7% | $64.86M +223.6% | $72.79M +91.8% | Strengthening |
| Operating Profit | -$89.58M | -$96.36M | -$83.76M | -$69.35M | -$57.43M +35.9% | -$62.55M +35.1% | -$34.20M +59.2% | -$39.99M +42.3% | Strengthening |
| Net Profit | -$84.13M | -$94.17M | -$84.85M | -$71.85M | -$60.72M +27.8% | -$68.01M +27.8% | -$42.67M +49.7% | -$49.36M +31.3% | Strengthening |
| EPS | $-0.98 | — | $-0.98 | $-0.83 | $-0.70 +28.6% | — | $-0.48 +51.0% | $-0.55 +33.7% | Strengthening |
| Other Income | $5.45M | $2.20M | -$1.09M | -$2.49M | -$3.29M -160.3% | -$5.47M -348.9% | -$8.47M -677.9% | -$9.37M -275.6% | Weakening |
| Interest | $23.0K | -$124.0K | $2.0K | $4.0K | $0 -100.0% | $0 +100.0% | $0 -100.0% | $2.0K -50.0% | Weakening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | — | — | — | — | — | — | — | — | — |
| MarginsOPM | -716.6% | -1254.8% | -417.9% | -182.7% | -125.2% +82.5% | -91.3% +92.7% | -52.7% +87.4% | -55.0% +69.9% | Strengthening |
| Tax | — | — | — | — | — | — | — | — | — |
| ReturnsROIC | 5.3% | 5.9% | 5.3% | 4.5% | 3.8% -27.8% | 4.3% -27.8% | 2.7% -49.7% | 3.1% -31.3% | Weakening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $33.77M | $24.61M | $115.24M | $221.97M | $74.36M | $295.39M | $154.08M | $134.93M | $336.48M |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $83.35M | $62.33M | $298.86M | $448.40M | $489.79M | $580.88M | $603.06M | $528.08M | $675.04M |
| Net PP&E | $373.0K | $997.0K | $482.0K | $1.26M | $1.06M | $1.50M | $2.02M | $1.52M | $1.29M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — | — | — |
| Total Assets | $83.94M | $63.52M | $300.61M | $449.66M | $497.24M | $612.88M | $724.82M | $529.71M | $703.65M |
| LiabilitiesTotal Current Liabilities | $16.11M | $18.37M | $18.87M | $20.68M | $29.07M | $58.10M | $103.55M | $120.12M | $99.68M |
| Short-Term Debt | — | — | — | — | — | $0 | $343.68M | $343.91M | $344.03M |
| Long-Term Debt | — | — | — | — | — | — | — | — | — |
| Long-Term Leases | — | $419.0K | $101.0K | $711.0K | $709.0K | $578.0K | $1.58M | — | — |
| Total Liabilities | $30.89M | $31.93M | $48.42M | $41.29M | $29.79M | $58.68M | $436.69M | $465.08M | $688.55M |
| EquityCommon Stock & APIC | $2.0K | $3.0K | $5.0K | $6.0K | $7.0K | $8.0K | $9.0K | $9.0K | $9.0K |
| Retained Earnings | -$439.42M | -$495.47M | -$568.63M | -$543.70M | -$693.04M | -$902.40M | -$1.22B | -$1.51B | -$1.60B |
| Total Equity | $53.05M | $31.60M | $252.19M | $408.37M | $467.45M | $554.20M | $288.12M | $64.63M | $15.10M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | — | — |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$68.53M | -$50.61M | -$71.26M | $29.13M | -$133.68M | -$160.60M | -$274.90M | -$322.98M | -$220.64M |
| Cash from Investing | $51.40M | $12.78M | -$142.53M | -$40.87M | -$186.19M | $117.61M | -$219.78M | $290.04M | $175.48M |
| Cash from Financing | $15.73M | $28.57M | $304.42M | $118.46M | $172.25M | $264.13M | $353.37M | $13.68M | $272.88M |
| SummaryCapital Expenditure | -$187.0K | — | $0 | -$129.0K | $0 | $0 | $0 | -$187.0K | — |
| Free Cash Flow | -$68.72M | — | -$71.26M | $29.00M | -$133.68M | -$160.60M | -$274.90M | -$323.17M | — |
| FCF Margin | -4529.9% | — | -4697.4% | 20.8% | — | — | -1160.9% | -187.5% | — |