| Reported | Consensus estimates | |||||||
|---|---|---|---|---|---|---|---|---|
| Fiscal period | FY2023Dec '23 | FY2024Dec '24 | FY2025Dec '25 | FY2026Dec '26 | FY2027Dec '27 | FY2028Dec '28 | FY2029Dec '29 | FY2030Dec '30 |
| Revenue (M) | – | 0.0 | 0.0 | 1.1 | 3.5 | 31.9 | 64.3 | 244.3 |
| Growth YoY | – | – | n/m | n/m | +215.8% | +819.3% | +101.6% | +280.2% |
| High estimate | – | 0.0 | 0.0 | 1.1 | 3.5 | 31.9 | 64.3 | 244.3 |
| Low estimate | – | 0.0 | 0.0 | 1.1 | 3.5 | 31.9 | 64.3 | 244.3 |
| Analysts | – | 0 | 0 | 10 | 6 | 10 | 5 | 5 |
| EPS, adjusted | −0.29 | −0.47 | −0.32 | −0.48 | −0.61 | −0.74 | −0.71 | −0.08 |
| Growth YoY | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m |
| High estimate | – | – | – | −0.44 | −0.46 | −0.36 | −0.71 | −0.08 |
| Low estimate | – | – | – | −0.53 | −0.88 | −1.18 | −0.71 | −0.08 |
| Analysts | – | – | – | 8 | 8 | 9 | 3 | 3 |
Consensus mean of analyst estimates. EPS is adjusted (street) EPS, the basis analysts forecast; annual actuals are the sum of the four reported quarters. Growth compares with the same period a year earlier; n/m where the prior period was a loss.
| Firm | Analyst | Rating | Prev rating | Target | Prev target | Chg | Upside | Date |
|---|---|---|---|---|---|---|---|---|
| Jones Trading | – | Buy | Buy | – | – | – | – | Aug 14 |
| Cantor Fitzgerald | – | Overweight | Overweight | – | – | – | – | Aug 7 |
| Morgan Stanley | Judah Frommer | Overweight · Mar 2026 | Overweight | $23.00 | $20.00 | +15% | +60% | Aug 7 |
| Oppenheimer | Leland Gershall | Outperform | Outperform | $25.00 | $24.00 | +4% | +73% | Aug 7 |
| Raymond James | Ryan Deschner | Strong Buy · Aug 2025 | Strong Buy | $40.00 | – | – | +178% | Aug 7 |
| BMO Capital | – | Outperform | Outperform | $36.00 | – | – | +150% | Jul 21 |
| B. Riley Securities | – | Buy | Buy | – | – | – | – | Jul 20 |
| H.C. Wainwright | Brandon Folkes | Buy | Buy | $24.00 | $6.00 | +300% | +67% | Jul 20 |
| Needham | – | Buy | Buy | – | – | – | – | May 20 |
| Stifel Nicolaus | Annabel Samimy | Buy · Dec 2025 | Buy | $30.00 | $18.00 | +67% | +108% | May 8 |
| D. Boral Capital | – | Buy | Buy | – | – | – | – | Apr 17 |
| Leerink Partners | Roanna Ruiz | Outperform | Outperform | $16.00 | – | – | +11% | Nov 20, 2025 |
| Clear Street | – | Buy | Buy | – | – | – | – | Nov 14, 2025 |