B 
3.77
+4.43%
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
$72.6m
FY2016FY2025
Net income
−$219.0m
FY2016FY2025
Free cash flow
−$252.0m
FY2016FY2025
Shareholders' equity
$610.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $72.6m | $35.3m | $27.0m | $14.5m | $11.7m | $10.4m | $13.8m | $7.1m | $2.1m | — |
| Research and development | $240.3m | $173.0m | $156.5m | $81.6m | $44.9m | $33.1m | $25.5m | $20.8m | $11.9m | $9.8m |
| Operating income | −$247.7m | −$209.9m | −$189.9m | −$116.7m | −$65.6m | −$52.0m | −$26.3m | −$21.7m | −$16.2m | −$13.5m |
| Net income | −$219.0m | −$169.0m | −$180.7m | −$112.7m | −$66.8m | −$51.0m | −$30.6m | −$21.8m | −$16.3m | −$13.5m |
| Diluted earnings per share | -3.16 | -2.45 | -4.26 | -3.79 | -2.32 | -2.42 | -1.71 | -1.64 | -1.05 | -0.76 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $717.6m | $956.9m | $595.3m | $410.6m | $479.8m | $161.2m | $110.2m | $81.6m | $74.0m | $11.8m |
| Cash and short-term investments | $628.1m | $879.5m | $526.4m | $339.2m | $438.7m | $136.0m | $92.1m | $63.4m | $67.7m | $9.4m |
| Total liabilities | $107.6m | $163.8m | $224.4m | $139.8m | $133.5m | $65.7m | $17.0m | $151.5m | $121.2m | $3.8m |
| Debt | $874,000 | $175,000 | $30.7m | $30.3m | $29.9m | $14.5m | — | — | — | — |
| Shareholders' equity | $610.0m | $793.1m | $370.9m | $270.8m | $346.3m | $95.5m | $93.2m | −$69.8m | −$47.2m | $8.0m |
| Shares outstanding | 69m | 69m | 42m | 30m | 29m | 21m | 18m | 13m | 15m | 18m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$249.7m | −$164.7m | −$60.6m | −$86.1m | −$14.8m | −$17.8m | −$28.6m | −$26.1m | −$1.4m | −$11.3m |
| Capital spending | −$2.4m | −$1.2m | −$2.9m | −$19.0m | −$2.0m | −$1.2m | −$1.6m | −$1.2m | −$1.1m | −$243,358 |
| Free cash flow | −$252.0m | −$166.0m | −$63.6m | −$105.1m | −$16.8m | −$19.0m | −$30.2m | −$27.3m | −$2.5m | −$11.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $629,000 | $887,000 | $48.0m | $11.7m | $2.9m | $10.0m | $3.7m | $2.7m |
| Operating income | −$54.6m | −$65.6m | −$24.7m | −$65.6m | −$86.6m | −$70.2m | −$67.7m | −$63.8m |
| Net income | −$50.3m | −$60.8m | −$20.2m | −$59.1m | −$79.0m | −$60.8m | −$51.9m | −$50.8m |
| Diluted earnings per share | -0.72 | -0.87 | -0.29 | -0.85 | -1.14 | -0.88 | -0.75 | -0.74 |
| Cash from operations | −$49.0m | −$65.0m | −$19.0m | −$71.0m | −$72.0m | −$86.0m | −$9.0m | −$39.0m |
| Capital spending | — | — | −$1.0m | — | — | — | — | — |
| Free cash flow | — | — | −$20.0m | — | — | — | — | — |
| Total assets | $606.6m | $652.4m | $717.6m | $764.0m | $832.2m | $883.9m | $956.9m | $996.7m |
| Cash and short-term investments | $510.1m | $559.5m | $628.1m | $648.3m | $721.5m | $793.0m | $879.5m | $890.9m |
| Debt | — | $1.5m | $2.8m | $4.8m | $5.4m | $5.7m | $5.5m | $5.6m |
| Shareholders' equity | $510.3m | $554.3m | $610.0m | $618.5m | $668.9m | $740.3m | $793.1m | $831.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 71.2% | 47.5% | — |
| Operating income | 28.5% | 36.7% | — |
| Net income | 24.8% | 33.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -2.2 | -5.7 | -4.3 | -7.8 | -16.1 | -4.5 | -3.4 |
| Price to sales | 6.8 | 27.4 | 28.4 | 60.8 | 91.9 | 22.3 | 7.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | -56% | -14% | -41% | -13% | 194% | 138% | -33% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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