A 
31.38
+6.70%
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
$54.0m
FY2016FY2025
Net income
−$412.8m
FY2016FY2025
Free cash flow
−$377.3m
FY2016FY2025
Shareholders' equity
$1.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.0m | $36.5m | $26.8m | $14.2m | $41,409 | $203.2m | $117.9m | $94.4m | $43.0m | $69.9m |
| Research and development | $334.4m | $301.3m | $288.9m | $279.9m | $257.0m | $211.0m | $410.9m | $341.3m | $292.7m | $220.2m |
| Operating income | −$472.1m | −$425.7m | −$391.5m | −$389.0m | −$378.4m | −$335.9m | −$426.3m | −$362.5m | −$320.8m | −$201.0m |
| Net income | −$412.8m | $673.7m | −$352.1m | −$231.8m | $1.60bn | −$327.4m | −$411.5m | −$346.0m | −$314.7m | −$198.5m |
| Diluted earnings per share | -7.08 | 11.79 | -6.30 | -4.23 | 29.53 | -4.73 | -6.43 | -5.95 | -6.45 | -4.71 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.30bn | $1.66bn | $937.1m | $1.24bn | $1.44bn | $853.0m | $890.7m | $858.5m | $614.4m | $619.1m |
| Cash and short-term investments | $854.4m | $893.7m | $776.9m | $783.1m | $1.02bn | $572.9m | $564.9m | $805.4m | $567.8m | $573.6m |
| Total liabilities | $104.1m | $122.2m | $126.1m | $137.9m | $145.8m | $453.5m | $250.2m | $170.9m | $238.9m | $260.5m |
| Debt | $18.4m | — | — | — | $600,000 | $600,000 | $900,000 | — | — | — |
| Shareholders' equity | $1.19bn | $1.54bn | $811.0m | $1.10bn | $1.29bn | $399.5m | $640.5m | $687.5m | $375.5m | $358.6m |
| Shares outstanding | 58m | 57m | 56m | 55m | 54m | 69m | 64m | 58m | 49m | 42m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$373.0m | −$389.8m | −$296.1m | −$309.5m | −$407.3m | −$290.8m | −$370.6m | −$304.4m | −$285.2m | $38.6m |
| Capital spending | −$4.3m | −$1.7m | −$999,000 | −$4.9m | −$5.7m | −$14.1m | −$12.2m | −$7.0m | −$4.6m | −$9.9m |
| Free cash flow | −$377.3m | −$391.5m | −$297.1m | −$314.4m | −$413.1m | −$304.9m | −$382.8m | −$311.4m | −$289.9m | $28.6m |
| Dividends paid | — | — | — | — | −$37.3m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $44.7m | $20.7m | $20.0m | $12.9m | $12.5m | $8.7m | $10.7m | $9.0m |
| Operating income | −$110.6m | −$110.0m | −$121.6m | −$116.9m | −$127.1m | −$106.6m | −$125.0m | −$102.8m |
| Net income | −$100.7m | −$99.1m | −$108.0m | −$103.4m | −$112.0m | −$89.3m | −$96.5m | $947.9m |
| Diluted earnings per share | -1.69 | -1.67 | -1.85 | -1.77 | -1.92 | -1.53 | -1.69 | 16.58 |
| Cash from operations | −$57.0m | −$118.0m | −$96.0m | −$88.0m | −$77.0m | −$111.0m | −$133.0m | −$84.0m |
| Capital spending | −$1.0m | — | −$1.0m | −$1.0m | — | — | — | — |
| Free cash flow | −$58.0m | — | −$97.0m | −$89.0m | — | — | — | — |
| Total assets | $1.11bn | $1.18bn | $1.30bn | $1.39bn | $1.47bn | $1.56bn | $1.66bn | $1.79bn |
| Cash and short-term investments | $617.6m | $737.0m | $854.4m | $952.9m | $938.9m | $893.4m | $893.7m | $1.00bn |
| Debt | $19.2m | $18.8m | $18.4m | $18.0m | $17.6m | $17.2m | $16.8m | $16.3m |
| Shareholders' equity | $1.03bn | $1.11bn | $1.19bn | $1.28bn | $1.37bn | $1.47bn | $1.54bn | $1.63bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -765.9% | 1967.1% | -1312.6% | -1627.8% | -860948.1% | -162.1% | — | — | — |
| Net margin | -764.0% | 1845.9% | -1312.6% | -1627.8% | 3875280.7% | -161.1% | — | — | — |
| Return on equity | -34.6% | 43.7% | -43.4% | -21.1% | 124.2% | -81.9% | — | — | — |
| Return on assets | -31.8% | 40.5% | -37.6% | -18.7% | 111.6% | -38.4% | — | — | — |
| Free cash flow yield | -20.7% | -22.2% | -17.3% | -18.2% | -24.2% | -13.1% | — | — | — |
| Revenue growth | 48.0% | 36.1% | 88.4% | 34288.7% | -100.0% | 72.3% | — | — | — |
| Earnings growth | -161.3% | -291.4% | 51.9% | -114.4% | -590.2% | -20.4% | — | — | — |
| Current ratio | 11.46x | 11.90x | 12.27x | 13.30x | 17.79x | 6.74x | — | — | — |
| Debt to equity | 0.02x | 0.01x | 0.02x | 0.01x | 0.01x | 0.02x | — | — | — |
| Equity ratio | 92.0% | 92.7% | 86.5% | 88.9% | 89.9% | 46.8% | — | — | — |
| Interest coverage | — | — | — | -18.12x | -426.45x | -18.47x | -27.69x | -22.03x | -52.38x |
| R&D as a share of sales | 618.9% | 825.5% | 1077.1% | 1965.7% | 620572.8% | 103.9% | — | — | — |
| Buybacks as a share of market value | -2.1% | -2.3% | -2.0% | -0.8% | 21.6% | -8.3% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 56.0% | -23.3% | -0.9% |
| Operating income | 6.7% | 7.0% | 14.8% |
| Net income | 21.2% | 4.7% | 13.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -991.8% | -1275.5% | -714.6% | -531.5% |
| Net margin | 288.3% | -245.4% | 285.0% | -60.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.9 | 1.4 | -1.7 | -3.3 | 0.6 | -4.5 | -3.6 | -3.8 | -4.3 | -4.3 |
| Price to sales | 29.4 | 25.3 | 22.8 | 53.1 | — | 7.3 | 12.7 | 14.0 | 31.8 | 12.3 |
Market value over time
30 Nov 2016 to 30 Oct 2026, in USD
$2.24bn$1.82bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 29% | 64% | -15% | -17% | -21% | -12% | 8% | -15% | 13% | -27% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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