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Our mission is to build the world s most powerful computers to help solve humanity s most important and pressing problems. Classical computers are plateauing, Moore s law has slowed, returns for parallelization are diminishing and energy requirements can t keep up.
$24.09
$2.79 (-10.36%)
Price from 2 days ago
The business is unprofitable at the operating level (-1194.41% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 34.3% YoY. Margins deteriorated 559.5pp alongside, both lines moving the wrong way.
Negative free cash flow of -$77M. The business is consuming cash, not generating it. Operating margin contracted 559.5pp YoY, cost discipline may be slipping.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$10M
▼ -34.3% YoY
Net Income (TTM)
-$226M
▼ -7.6% YoY
Op. Margin
-888.37%
▼ -559.5pp YoY
ROIC
-13.49%
▲ +19.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$82M
▼ -25.1% YoY
Op. Cash Flow (TTM)
-$61M
▼ -15.6% YoY
Net Debt
-$411M
Net Cash Position
Cash & Equiv.
$418M
3Y CAGR: -18.5%
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