A 
1.32
+3.13%
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
$75.6m
FY2016FY2025
Net income
−$288.2m
FY2016FY2025
Free cash flow
−$310.7m
FY2016FY2025
Shareholders' equity
$178.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $75.6m | $10.1m | $1.7m | $6.2m | $1.5m | $1.7m | $2.9m | $1.0m | $1.7m | $1.2m |
| Research and development | $128.6m | $158.1m | $130.5m | $117.4m | $110.8m | $135.0m | $105.6m | $24.6m | $16.0m | $10.4m |
| Operating income | −$279.2m | −$241.4m | −$201.9m | −$141.4m | −$141.2m | −$303.1m | −$247.6m | −$57.5m | −$23.4m | −$14.4m |
| Net income | −$288.2m | −$220.7m | −$208.4m | −$148.8m | −$142.1m | −$142.1m | −$123.8m | −$31.1m | −$19.7m | −$12.6m |
| Diluted earnings per share | -1.08 | -0.83 | -1.20 | -1.27 | -1.95 | -2.28 | -2.48 | -0.79 | -1.25 | -1.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $589.1m | $782.7m | $375.4m | $490.3m | $405.6m | $294.2m | $303.5m | $217.7m | $148.7m | $34.2m |
| Cash and short-term investments | $300.7m | $588.0m | $239.6m | $382.4m | $310.3m | $154.1m | $211.4m | $189.3m | $137.1m | $28.1m |
| Total liabilities | $410.9m | $355.4m | $263.9m | $191.6m | $92.2m | $84.2m | $48.7m | $12.5m | $6.1m | $3.5m |
| Debt | $351.6m | $52.6m | $53.0m | $24.3m | $68.0m | $54.2m | $26.2m | $221,000 | $265,000 | $188,000 |
| Shareholders' equity | $178.1m | $427.3m | $111.5m | $298.7m | $313.3m | $210.0m | $254.8m | $205.1m | $142.6m | $30.7m |
| Shares outstanding | 266m | 266m | 174m | 117m | 73m | 62m | 50m | 39m | 16m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$283.6m | −$206.3m | −$145.6m | −$112.3m | −$117.9m | −$117.8m | −$101.5m | −$25.8m | −$16.4m | −$9.8m |
| Capital spending | −$27.1m | −$34.8m | −$11.0m | −$10.8m | −$8.9m | −$14.7m | −$18.7m | −$8.8m | −$2.9m | −$1.9m |
| Free cash flow | −$310.7m | −$241.1m | −$156.6m | −$123.1m | −$126.7m | −$132.4m | −$120.2m | −$34.6m | −$19.2m | −$11.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $45.7m | $26.2m | $24.3m | $21.2m | $20.9m | $9.0m | $29,000 | — |
| Operating income | −$43.8m | −$62.1m | −$71.8m | −$72.4m | −$61.2m | −$63.9m | −$241.4m | −$67.7m |
| Net income | −$39.1m | −$71.6m | −$90.2m | −$79.1m | −$47.9m | −$70.2m | −$27.6m | −$82.1m |
| Diluted earnings per share | -0.15 | -0.27 | -0.34 | -0.30 | -0.18 | -0.26 | -0.10 | -0.31 |
| Cash from operations | −$25.0m | −$65.0m | −$67.0m | −$67.0m | −$72.0m | −$75.0m | −$37.0m | −$76.0m |
| Capital spending | — | −$2.0m | −$23.0m | −$15.0m | −$7.0m | −$8.0m | −$23.0m | −$9.0m |
| Free cash flow | — | −$67.0m | −$90.0m | −$82.0m | −$79.0m | −$83.0m | −$60.0m | −$85.0m |
| Total assets | $493.2m | $527.1m | $589.1m | $661.9m | $721.0m | $746.3m | $782.7m | $827.5m |
| Cash and short-term investments | $201.6m | $229.4m | $300.7m | $367.4m | $454.3m | $516.6m | $588.0m | $657.1m |
| Debt | $5.8m | $3.1m | $14.6m | $4.8m | $3.3m | $3.0m | $3.0m | $3.6m |
| Shareholders' equity | $74.8m | $108.8m | $178.1m | $265.5m | $346.5m | $371.1m | $427.3m | $477.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 130.2% | 113.2% | 95.2% |
| Operating income | 25.5% | -1.6% | 42.5% |
| Net income | 24.6% | 15.2% | 44.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -607.6% | -923.2% | -1351.5% | -1599.2% |
| Net margin | -593.9% | -925.5% | -1188.3% | -1296.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.8 | -2.8 | -5.4 | -1.5 | -1.6 | -2.4 | -3.3 | -25.7 |
| Price to sales | 7.0 | 61.8 | — | 35.9 | 155.3 | 201.4 | 140.0 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | -31% | -56% | 160% | -39% | -37% | -34% | -57% | 19% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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