A 
4.81
+8.33%
Close of 9 Nov 2026, in USD
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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
—
FY2019FY2024
Net income
−$536.8m
FY2019FY2024
Free cash flow
−$450.6m
FY2019FY2024
Shareholders' equity
$752.6m
FY2019FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | $10.8m | — | — | — |
| Gross profit | −$11.7m | −$5.8m | −$7.7m | −$3.0m | −$103,000 | — |
| Research and development | $357.7m | $271.1m | $169.2m | $64.3m | $21.1m | $1.5m |
| Operating income | −$509.7m | −$444.8m | −$336.6m | −$358.3m | −$24.6m | −$891,000 |
| Net income | −$536.8m | −$457.9m | −$317.3m | −$347.8m | −$24.8m | −$944,000 |
| Diluted earnings per share | -1.35 | -1.51 | -1.31 | -1.46 | -0.10 | -0.02 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Total assets | $1.00bn | $554.3m | $573.8m | $768.4m | $41.8m | $10.2m |
| Cash and short-term investments | $834.5m | $464.6m | $531.2m | $746.9m | $36.6m | $10.1m |
| Total liabilities | $248.6m | $187.2m | $80.5m | $69.5m | $5.9m | $5.2m |
| Debt | $64.0m | $7.2m | $9.3m | $18.8m | — | — |
| Shareholders' equity | $752.6m | $367.1m | $493.3m | $698.9m | $35.9m | $5.0m |
| Shares outstanding | 398m | 304m | 242m | 239m | 241m | 50m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Cash from operations | −$368.6m | −$271.6m | −$200.4m | −$108.4m | −$22.8m | −$809,000 |
| Capital spending | −$82.0m | −$44.3m | −$6.9m | −$3.5m | −$1.9m | −$4,000 |
| Free cash flow | −$450.6m | −$315.9m | −$207.3m | −$111.9m | −$24.7m | −$813,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0m | $1.6m | $300,000 | — | — | — | $9.4m | — |
| Gross profit | $700,000 | −$7.1m | $9.9m | −$5.1m | −$4.8m | −$4.1m | $4.7m | −$3.3m |
| Operating income | −$279.2m | −$252.1m | −$234.4m | −$174.8m | −$176.1m | −$144.0m | −$124.2m | −$122.1m |
| Net income | −$263.2m | −$217.7m | −$188.9m | −$129.9m | −$206.0m | −$93.4m | −$198.1m | −$115.3m |
| Diluted earnings per share | -0.34 | -0.28 | -0.30 | -0.21 | -0.33 | -0.15 | -0.50 | -0.29 |
| Cash from operations | −$156.0m | −$149.0m | −$129.0m | −$105.0m | −$103.0m | −$94.0m | −$104.0m | −$97.0m |
| Capital spending | −$37.0m | −$32.0m | −$29.0m | −$20.0m | −$18.0m | −$10.0m | −$24.0m | −$19.0m |
| Free cash flow | −$193.0m | −$181.0m | −$158.0m | −$125.0m | −$121.0m | −$104.0m | −$128.0m | −$116.0m |
| Total assets | $2.21bn | $2.32bn | $2.47bn | $1.90bn | $1.94bn | $1.21bn | $1.00bn | $651.5m |
| Cash and short-term investments | $1.56bn | $1.78bn | $1.96bn | $1.64bn | $1.72bn | $1.03bn | $834.5m | $501.7m |
| Debt | $8.9m | $84.9m | $85.6m | $69.5m | $68.6m | $68.1m | $67.7m | $67.6m |
| Shareholders' equity | $1.89bn | $2.08bn | $2.20bn | $1.65bn | $1.68bn | $1.01bn | $752.6m | $467.7m |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | — | — | — | -71.3% | — | — |
| Operating margin | -205966.7% | — | — | -2938.0% | — | — |
| Net margin | -206066.7% | — | — | -2938.0% | — | — |
| Return on equity | -28.1% | -71.3% | -124.7% | -64.3% | -49.8% | -69.1% |
| Return on assets | -25.1% | -53.6% | -82.6% | -55.3% | -45.3% | -59.3% |
| Free cash flow yield | -13.3% | -16.9% | -17.5% | -18.8% | -10.3% | -2.0% |
| Earnings growth | 15.2% | 17.2% | 44.3% | -8.8% | 1302.4% | 2527.1% |
| Current ratio | 19.89x | 12.07x | 4.21x | 10.23x | 26.67x | 9.84x |
| Debt to equity | 0.04x | 0.09x | 0.03x | 0.03x | 0.03x | 0.05x |
| Equity ratio | 89.3% | 75.2% | 66.2% | 86.0% | 91.0% | 85.9% |
| Interest coverage | — | — | -27.89x | -137.96x | -241.00x | -122.52x |
| R&D as a share of sales | 164633.3% | — | — | 1566.7% | — | — |
| Buybacks as a share of market value | -57.1% | -30.9% | -25.7% | -1.2% | 0.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -69.7% | — | — |
| Operating income | 29.4% | 97.0% | — |
| Net income | 24.9% | 90.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -7.6 | -7.2 | -4.1 | -1.4 | -4.2 | -97.6 |
| Price to sales | — | — | — | 41.8 | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -13% | 34% | 232% | -69% | -35% | 1% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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