A 
87.00
+1.48%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in USD, from our data supplier.
Revenue
—
FY2016FY2025
Net income
−$383.1m
FY2016FY2025
Free cash flow
−$177.6m
FY2016FY2025
Shareholders' equity
$518.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $12.3m | $5.3m | $5.2m | $42,172 | $71,806 | $2,280 | $20,516 | $11,398 | $144,751 |
| Research and development | $202.6m | $167.0m | $117.6m | $55.0m | $54.5m | $39.4m | $33.1m | $18.1m | $12.4m | $17.6m |
| Operating income | −$316.6m | −$195.7m | −$152.6m | −$73.9m | −$44.8m | −$43.4m | −$38.0m | −$21.8m | −$16.1m | −$20.8m |
| Net income | −$383.1m | −$200.9m | −$168.4m | −$69.2m | −$48.4m | −$42.8m | −$34.9m | −$18.0m | −$12.8m | −$16.3m |
| Diluted earnings per share | -5.51 | -3.18 | -3.49 | -3.10 | -2.89 | -2.99 | -2.87 | -1.73 | -1.26 | -1.66 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $665.7m | $233.9m | $372.8m | $86.1m | $124.5m | $81.3m | $59.0m | $61.6m | $61.3m | $69.1m |
| Cash and short-term investments | $604.3m | $164.4m | $297.5m | $30.7m | $69.2m | $33.4m | $11.1m | $14.8m | $19.4m | $26.2m |
| Total liabilities | $147.1m | $187.7m | $149.4m | $77.9m | $94.9m | $60.9m | $37.8m | $22.1m | $6.4m | $4.4m |
| Debt | $52.3m | $111.0m | $66.2m | $44.6m | $58.9m | $38.7m | $23.6m | $12.4m | $298,620 | $360,168 |
| Shareholders' equity | $518.6m | $46.3m | $223.4m | $8.2m | $29.6m | $20.4m | $21.2m | $39.5m | $54.9m | $64.6m |
| Shares outstanding | 70m | 63m | 48m | 22m | 17m | 14m | 12m | 10m | 10m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$177.5m | −$175.6m | −$114.0m | −$61.5m | −$51.3m | −$34.0m | −$31.3m | −$16.6m | −$9.6m | −$17.8m |
| Capital spending | −$155,460 | −$732,873 | −$302,039 | −$368,146 | −$53,569 | −$1.0m | −$1.1m | −$869,645 | −$1.1m | −$821,775 |
| Free cash flow | −$177.6m | −$176.3m | −$114.3m | −$61.8m | −$51.4m | −$35.0m | −$32.4m | −$17.5m | −$10.7m | −$18.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | −$2.3m | — | $2.3m | — | $8.4m | — |
| Operating income | −$95.9m | −$64.1m | −$227.5m | −$92.0m | −$51.2m | −$53.8m | −$54.5m | −$57.2m |
| Net income | −$133.8m | −$55.2m | −$327.9m | −$174.8m | −$55.2m | −$59.7m | −$59.7m | −$62.9m |
| Diluted earnings per share | -1.68 | -0.69 | -4.72 | -2.51 | -0.79 | -0.86 | -0.94 | -1.00 |
| Cash from operations | −$59.0m | −$57.0m | −$81.0m | −$81.0m | −$38.0m | −$37.0m | −$37.0m | −$40.0m |
| Total assets | $526.8m | $623.6m | $743.2m | $743.2m | $136.4m | $190.3m | $233.9m | — |
| Cash and short-term investments | $468.1m | — | $604.3m | — | $69.5m | — | $164.4m | — |
| Debt | $1.2m | — | $33.5m | $18.1m | $95.3m | $53.6m | $109.3m | — |
| Shareholders' equity | $417.5m | $489.6m | $518.6m | $582.7m | −$55.0m | −$7.5m | $46.3m | — |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | — | -1517.9% | -2897.9% | -1173.9% | -105118.9% | -60420.6% | -1665100.0% |
| Net margin | — | -1633.1% | -3197.1% | -1325.3% | -114735.1% | -59604.8% | -1531700.0% |
| Return on equity | -73.9% | -434.3% | -75.4% | -844.9% | -163.7% | -209.8% | — |
| Return on assets | -57.5% | -85.9% | -45.2% | -80.4% | -38.9% | -52.7% | — |
| Free cash flow yield | -2.5% | -2.7% | -2.3% | -2.7% | -3.0% | -2.3% | — |
| Revenue growth | — | 133.5% | 0.8% | 12286.5% | -41.3% | 3050.0% | -88.9% |
| Earnings growth | 90.7% | 19.3% | 143.2% | 43.1% | 13.1% | 22.6% | — |
| Current ratio | 8.75x | 1.84x | 3.25x | 0.70x | 2.33x | 1.94x | — |
| Debt to equity | 0.06x | 2.36x | 0.39x | 9.27x | 2.46x | 1.59x | — |
| Equity ratio | 77.9% | 19.8% | 59.9% | 9.5% | 23.7% | 25.1% | — |
| Interest coverage | -10.60x | -13.18x | -9.69x | -7.75x | -10.93x | -18.46x | — |
| R&D as a share of sales | — | 1357.8% | 2232.8% | 1053.8% | 129137.8% | 54803.2% | 1450350.0% |
| Buybacks as a share of market value | -10.1% | -30.8% | -116.5% | -33.1% | -17.1% | -17.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 62.4% | 48.8% | 31.3% |
| Net income | 76.9% | 55.0% | 35.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | -24.5 | -2.3 | -3.1 |
| Price to sales | — | 37.6 | 98.1 |
Market value over time
31 Oct 2023 to 8 Oct 2026, in USD
$330.3m$7.09bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Return | 1357% | -32% | 37% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.