Thesis
Written thesis in progress. We’re starting this library with the live quote, price chart, and financial snapshot first, then adding full commentary name by name.
Valuation and financials
Enterprise value
$3.7B
Market cap + debt − cash
Cash
$481M
Q1 FY2026 balance sheet
Debt
$37M
Q1 FY2026 balance sheet
Revenue
$647M
FY2025E
Next-year growth
43.9%
FY2026E vs FY2025E
Gross margin
49.4%
Q1 FY2026 reported
Operating margin
9.7%
Q1 FY2026 reported
Forward EV/S
5.8x
Enterprise value divided by forward revenue
Forward EV / op income
59.5x
EV over forward revenue × latest op margin
Price chart
Last 6 months
$79.84
+99.4%
Oct 13, 2025Apr 15, 2026