B 
77.93
+4.90%
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
$502.1m
FY2017FY2025
Net income
−$729.3m
FY2017FY2025
Free cash flow
−$447.0m
FY2017FY2025
Shareholders' equity
−$2.08bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $502.1m | $221.9m | $9.3m | $77.6m | $69.7m | $8.2m | $40.6m | — | — |
| Gross profit | $473.8m | $218.0m | $6.9m | $74.2m | $66.6m | $8.2m | $38.1m | — | −$260,000 |
| Research and development | $477.5m | $506.5m | $455.7m | $399.5m | $451.0m | $337.0m | $209.9m | $140.1m | $30.6m |
| Operating income | −$576.6m | −$593.0m | −$590.0m | −$512.2m | −$540.8m | −$472.8m | −$266.2m | −$183.7m | −$43.9m |
| Net income | −$729.3m | −$535.8m | −$643.2m | −$481.2m | −$562.5m | −$448.7m | −$260.4m | −$130.7m | −$30.6m |
| Diluted earnings per share | -3.70 | -2.83 | -3.69 | -3.22 | -3.87 | -3.77 | -2.21 | -1.42 | -0.99 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $936.0m | $919.3m | $546.4m | $623.0m | $1.01bn | $703.6m | $631.7m | $464.9m | $98.0m |
| Cash and short-term investments | $587.5m | $681.1m | $434.9m | $471.9m | $836.7m | $607.1m | $546.0m | $436.1m | $92.0m |
| Total liabilities | $3.01bn | $2.38bn | $1.89bn | $1.87bn | $1.88bn | $595.7m | $155.7m | $566.4m | $152.7m |
| Debt | $1.87bn | $2.20bn | $1.73bn | $1.71bn | $1.71bn | $479.0m | $91.8m | $54.5m | — |
| Shareholders' equity | −$2.08bn | −$1.47bn | −$1.35bn | −$1.25bn | −$870.4m | $57.9m | $408.5m | −$164.0m | −$58.0m |
| Shares outstanding | 197m | 189m | 174m | 149m | 145m | 119m | 118m | 92m | 31m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$445.9m | −$520.7m | −$527.7m | −$419.5m | −$497.9m | −$399.7m | −$253.6m | −$136.6m | −$40.5m |
| Capital spending | −$1.1m | −$933,000 | −$1.3m | −$6.3m | −$48.2m | −$7.5m | −$5.1m | −$18.2m | −$464,000 |
| Free cash flow | −$447.0m | −$521.7m | −$529.0m | −$425.8m | −$546.2m | −$407.2m | −$258.7m | −$154.8m | −$41.0m |
| Dividends paid | — | — | — | — | −$3.8m | −$537.0m | −$997,000 | — | −$1.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $208.5m | $194.5m | $154.2m | $120.7m | $110.6m | $116.6m | $5.9m | $2.7m |
| Gross profit | $212.2m | $184.1m | $138.8m | $114.1m | $106.9m | $114.0m | $3.8m | $2.1m |
| Operating income | −$107.1m | −$113.7m | −$151.3m | −$144.6m | −$144.0m | −$127.5m | −$236.4m | −$191.8m |
| Net income | −$152.2m | −$164.0m | −$197.2m | −$182.7m | −$181.9m | −$167.4m | −$265.1m | −$162.0m |
| Diluted earnings per share | -0.78 | -0.84 | -1.00 | -0.93 | -0.92 | -0.85 | -1.40 | -0.86 |
| Cash from operations | −$71.0m | −$197.0m | −$56.0m | −$109.0m | −$80.0m | −$199.0m | −$195.0m | −$180.0m |
| Capital spending | — | — | −$4.0m | — | −$5.0m | −$1.0m | −$3.0m | −$1.0m |
| Free cash flow | — | — | −$60.0m | — | −$85.0m | −$200.0m | −$198.0m | −$181.0m |
| Total assets | $1.22bn | $1.37bn | $936.0m | $998.3m | $1.08bn | $881.6m | $919.3m | $665.0m |
| Cash and short-term investments | $720.2m | $940.2m | $587.5m | $645.9m | $757.3m | $540.6m | $681.1m | $266.3m |
| Debt | $18.3m | $2.50bn | $1.87bn | $1.86bn | $1.86bn | $1.85bn | $1.73bn | $1.72bn |
| Shareholders' equity | −$2.51bn | −$2.27bn | −$2.08bn | −$1.93bn | −$1.79bn | −$1.65bn | −$1.47bn | −$1.23bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 94.4% | 98.3% | 73.7% | 95.6% | 95.5% | 100.0% |
| Operating margin | -114.8% | -267.2% | -6342.0% | -659.6% | -775.7% | -5732.2% |
| Net margin | -145.3% | -241.4% | -6913.9% | -619.7% | -806.9% | -5439.7% |
| Return on equity | 35.1% | 36.5% | 47.5% | 38.4% | 64.6% | -774.9% |
| Return on assets | -77.9% | -58.3% | -117.7% | -77.2% | -55.5% | -63.8% |
| Free cash flow yield | -3.4% | -4.2% | -4.6% | -4.2% | -4.7% | -5.0% |
| Revenue growth | 126.3% | 2285.3% | -88.0% | 11.4% | 745.1% | -79.7% |
| Earnings growth | 36.1% | -16.7% | 33.7% | -14.5% | 25.4% | 72.3% |
| Current ratio | 2.62x | 4.67x | 3.32x | 4.52x | 6.58x | 6.72x |
| Debt to equity | -0.90x | -1.18x | -1.28x | -1.36x | -1.96x | 8.31x |
| Equity ratio | -221.9% | -159.7% | -247.9% | -201.4% | -85.9% | 8.2% |
| Interest coverage | -10.86x | -5.97x | -7.26x | -6.37x | -11.56x | -12.90x |
| R&D as a share of sales | 95.1% | 228.2% | 4898.5% | 514.5% | 646.9% | 4085.9% |
| Buybacks as a share of market value | -4.1% | -8.6% | -16.8% | -2.8% | -22.1% | -1.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 86.3% | 127.4% | — |
| Operating income | 4.0% | 4.0% | — |
| Net income | 14.9% | 10.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 95.6% | 95.3% | 95.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -20.7 | -9.7 | -10.9 | -2.4 | -4.3 | -5.3 | -4.4 |
| Price to sales | 30.1 | 23.4 | — | 14.7 | 34.8 | 287.4 | 28.5 |
Market value over time
28 Jun 2019 to 30 Sept 2026, in USD
$2.48bn$12.88bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | 185% | -35% | 371% | -26% | -37% | 58% | 51% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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