A 
36.89
+14.10%
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
$70.9m
FY2018FY2025
Net income
−$341.9m
FY2018FY2025
Free cash flow
−$1.14bn
FY2018FY2025
Shareholders' equity
$1.84bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $70.9m | $4.4m | $24.3m | $13.8m | $12.4m | $6.0m | $1.4m | $356,000 |
| Research and development | $28.1m | $122.3m | $126.3m | $99.8m | $53.0m | $14.1m | $5.9m | $2.3m |
| Operating income | −$287.7m | −$506.3m | −$222.4m | −$145.8m | −$83.8m | −$23.5m | −$10.9m | −$4.6m |
| Net income | −$341.9m | −$300.1m | −$87.6m | −$31.6m | −$30.6m | −$24.1m | −$10.9m | −$4.4m |
| Diluted earnings per share | -1.34 | -1.51 | -0.97 | -0.51 | -0.59 | -0.84 | -0.38 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $5.01bn | $954.6m | $360.9m | $438.4m | $443.9m | $99.6m | $35.9m | $13.2m |
| Cash and short-term investments | $2.34bn | $565.0m | $85.6m | $238.6m | $321.8m | $42.8m | $26.5m | $7.1m |
| Total liabilities | $2.62bn | $285.4m | $147.3m | $78.5m | $92.0m | $19.7m | $6.2m | $1.2m |
| Debt | $2.22bn | $158.5m | $59.5m | $4.8m | $5.0m | — | $1.8m | — |
| Shareholders' equity | $1.84bn | $479.1m | $99.0m | $133.5m | $100.3m | $77.5m | $27.1m | $9.1m |
| Shares outstanding | 256m | 199m | 90m | 62m | 52m | 29m | 29m | 25,949m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$71.5m | −$126.1m | −$148.9m | −$156.5m | −$80.1m | −$22.8m | −$904,969 | −$5.3m |
| Capital spending | −$1.06bn | −$174.1m | −$118.8m | −$57.3m | −$54.8m | −$30.4m | −$3.7m | −$254,000 |
| Free cash flow | −$1.14bn | −$300.3m | −$267.7m | −$213.7m | −$134.9m | −$53.2m | −$4.6m | −$5.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $31.5m | $14.7m | $54.3m | $14.7m | $1.2m | $718,000 | $1.9m | $1.1m |
| Operating income | −$297.6m | −$149.4m | −$72.3m | −$79.7m | −$72.8m | −$63.0m | −$50.3m | −$65.5m |
| Net income | −$230.9m | −$191.0m | −$74.0m | −$122.9m | −$99.4m | −$45.7m | −$35.9m | −$171.9m |
| Diluted earnings per share | -0.77 | -0.64 | -0.29 | -0.48 | -0.39 | -0.18 | -0.18 | -0.86 |
| Cash from operations | −$97.0m | −$48.0m | $64.0m | −$64.0m | −$43.0m | −$28.0m | −$28.0m | −$33.0m |
| Capital spending | −$597.0m | −$261.0m | −$395.0m | −$238.0m | −$310.0m | −$120.0m | −$82.0m | −$30.0m |
| Free cash flow | −$694.0m | −$309.0m | −$331.0m | −$302.0m | −$353.0m | −$148.0m | −$110.0m | −$63.0m |
| Total assets | $5.85bn | $6.05bn | $5.01bn | $2.55bn | $1.88bn | $1.37bn | $954.6m | $821.6m |
| Cash and short-term investments | $2.29bn | $3.03bn | $2.34bn | $1.20bn | $923.6m | $873.8m | $565.0m | $516.4m |
| Debt | $12.2m | $2.97bn | $2.22bn | $708.7m | $492.4m | $467.7m | $160.3m | $204.0m |
| Shareholders' equity | $2.40bn | $2.08bn | $1.84bn | $1.24bn | $867.4m | $568.6m | $479.1m | $308.9m |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -405.7% | -11460.4% | -913.5% | -1054.4% | -699.3% | -393.3% |
| Net margin | -482.2% | -6792.3% | -359.7% | -228.9% | -246.3% | -403.2% |
| Return on equity | -18.6% | -62.6% | -88.5% | -23.7% | -30.5% | -31.0% |
| Return on assets | -6.8% | -31.4% | -24.3% | -7.2% | -6.9% | -24.1% |
| Free cash flow yield | 6.3% | 0.4% | -0.5% | -2.6% | -0.8% | 0.4% |
| Revenue growth | 1505.2% | -81.9% | 76.1% | 11.4% | 107.9% | 322.0% |
| Earnings growth | 13.9% | 242.7% | 176.7% | 3.6% | 27.0% | 121.0% |
| Current ratio | 16.35x | 7.90x | 2.31x | 9.65x | 15.71x | 3.88x |
| Debt to equity | 1.21x | 0.33x | 0.62x | 0.04x | 0.06x | 0.01x |
| Equity ratio | 36.7% | 50.2% | 27.4% | 30.5% | 22.6% | 77.8% |
| Interest coverage | -7.98x | -27.10x | -49.29x | -674.83x | -1.20x | -2347.00x |
| R&D as a share of sales | 39.6% | 2767.6% | 518.8% | 722.1% | 427.6% | 236.2% |
| Buybacks as a share of market value | -28.5% | -121.0% | -46.3% | -19.1% | -79.9% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 72.5% | 64.1% | — |
| Operating income | 25.4% | 65.1% | — |
| Net income | 121.1% | 70.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1054.0% | -1023.9% | -962.6% | — |
| Net margin | -852.2% | -670.7% | -618.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -54.4 | -14.0 | -6.2 | -9.4 | -13.4 | -16.2 | -26.1 |
| Price to sales | 262.2 | — | 22.3 | 21.5 | 33.1 | 65.4 | 200.7 |
Market value over time
29 Nov 2019 to 21 Sept 2026, in USD
$49.1m$18.51bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | 182% | 320% | 46% | -53% | -30% | 17% | 1% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 7 Apr 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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