B 
27.02
+2.31%
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
$139.7m
FY2017FY2025
Net income
−$80.0m
FY2017FY2025
Free cash flow
−$360.0m
FY2017FY2025
Shareholders' equity
$1.24bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $139.7m | $63.5m | $377.7m | $60.9m | $51.8m | $24,000 | $18,000 | — | — |
| Research and development | $409.6m | $367.6m | $437.4m | $311.6m | $387.1m | $103.2m | $54.6m | $33.9m | $5.9m |
| Operating income | −$383.7m | −$415.6m | −$176.5m | −$338.5m | −$392.5m | −$132.8m | −$75.2m | −$45.7m | −$8.6m |
| Net income | −$80.0m | −$376.7m | −$132.5m | −$289.1m | −$370.6m | −$194.6m | −$78.3m | −$115.3m | −$8.7m |
| Diluted earnings per share | -0.76 | -4.55 | -1.60 | -4.08 | -5.45 | -3.23 | -2.55 | -3.28 | -0.67 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.48bn | $1.10bn | $1.46bn | $1.34bn | $1.47bn | $451.7m | $156.1m | $167.0m | $2.4m |
| Cash and short-term investments | $1.25bn | $850.7m | $1.19bn | $1.08bn | $965.6m | $299.7m | $91.8m | $146.4m | $1.9m |
| Total liabilities | $242.8m | $370.3m | $478.4m | $608.2m | $647.7m | $206.1m | $55.2m | $33.0m | $6.6m |
| Debt | — | — | $484,000 | $3.0m | $5.3m | $7.4m | $5.7m | $13.8m | — |
| Shareholders' equity | $1.24bn | $733.5m | $981.3m | $733.5m | $826.7m | $245.6m | $100.9m | $134.0m | −$4.2m |
| Shares outstanding | 105m | 83m | 83m | 71m | 68m | 60m | 31m | 35m | 13m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$345.1m | −$347.2m | −$149.2m | $22.5m | −$66.3m | −$95.7m | −$72.0m | −$20.3m | −$2.7m |
| Capital spending | −$14.9m | −$8.9m | −$33.7m | −$49.0m | −$46.8m | −$16.4m | −$12.5m | −$13.1m | −$346,000 |
| Free cash flow | −$360.0m | −$356.2m | −$182.9m | −$26.4m | −$113.1m | −$112.1m | −$84.5m | −$33.4m | −$3.1m |
| Dividends paid | — | — | — | — | — | — | −$12.7m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $490,000 | $31.7m | $114.1m | $9.7m | $8.5m | $7.5m | $30.1m | $14.3m |
| Operating income | −$126.6m | −$107.2m | −$17.4m | −$126.8m | −$120.2m | −$119.3m | −$100.0m | −$106.5m |
| Net income | −$122.7m | −$94.3m | $244.3m | −$112.7m | −$102.3m | −$109.3m | −$90.4m | −$96.7m |
| Diluted earnings per share | -1.18 | -0.90 | 2.33 | -1.07 | -0.97 | -1.04 | -1.09 | -1.17 |
| Cash from operations | −$66.0m | −$128.0m | −$83.0m | −$81.0m | −$76.0m | −$103.0m | −$76.0m | −$88.0m |
| Capital spending | −$2.0m | −$2.0m | −$3.0m | −$5.0m | −$3.0m | −$3.0m | −$2.0m | −$1.0m |
| Free cash flow | −$68.0m | −$130.0m | −$86.0m | −$86.0m | −$79.0m | −$106.0m | −$78.0m | −$89.0m |
| Total assets | $1.39bn | $1.48bn | $1.48bn | $1.31bn | $1.39bn | $1.47bn | $1.10bn | $1.17bn |
| Cash and short-term investments | $1.15bn | $1.21bn | $1.25bn | $1.07bn | $1.15bn | $1.22bn | $850.7m | $925.8m |
| Debt | $115.5m | $115.0m | $14.4m | $12.7m | $12.9m | $13.2m | $13.5m | $12.9m |
| Shareholders' equity | $1.07bn | $1.16bn | $1.24bn | $966.0m | $1.05bn | $1.12bn | $733.5m | $791.3m |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -25.9% | -593.1% | -34.7% | -468.9% | -458.1% | -553166.7% |
| Net margin | -57.2% | -593.1% | -35.1% | -474.5% | -714.9% | -810800.0% |
| Return on equity | -6.5% | -51.4% | -13.5% | -39.4% | -44.8% | -79.2% |
| Return on assets | -5.4% | -34.1% | -9.1% | -21.5% | -25.1% | -43.1% |
| Free cash flow yield | -13.2% | -17.3% | -5.9% | 4.2% | -1.2% | -5.5% |
| Revenue growth | 120.0% | -83.2% | 520.0% | 17.5% | 215916.7% | 33.3% |
| Earnings growth | -78.8% | 184.3% | -54.2% | -22.0% | 90.5% | 148.4% |
| Current ratio | 13.09x | 4.82x | 5.89x | 4.89x | 5.96x | 3.01x |
| Debt to equity | 0.01x | 0.02x | 0.01x | 0.01x | 0.02x | 0.05x |
| Equity ratio | 83.6% | 66.5% | 67.2% | 54.7% | 56.1% | 54.4% |
| Interest coverage | -0.83x | -7.67x | -2.81x | -18.68x | -26390.22x | -84.67x |
| R&D as a share of sales | 293.1% | 578.7% | 115.8% | 511.5% | 746.6% | 429912.5% |
| Buybacks as a share of market value | -27.5% | 0.5% | -16.8% | -4.1% | -12.9% | -96.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 31.9% | 466.3% | — |
| Operating income | 4.3% | 23.6% | — |
| Net income | -34.8% | -16.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -36.4 | -5.5 | -17.0 | -9.6 | -14.6 | -25.3 |
| Price to sales | 20.8 | 32.3 | 6.0 | 45.4 | 104.5 | — |
Market value over time
28 Feb 2020 to 26 Oct 2026, in USD
$134.9m$2.48bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -1% | -10% | -26% | -52% | -7% | 375% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Feb 2014.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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