B 
15.23
+5.18%
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
—
FY2015FY2025
Net income
−$738.8m
FY2015FY2025
Free cash flow
−$610.2m
FY2015FY2025
Shareholders' equity
$52.1m
FY2015FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $462.5m | — | — | — | — | — |
| Gross profit | −$4.1m | −$3.9m | −$3.4m | −$1.4m | $370.8m | −$72,000 | — | — | — | — |
| Research and development | $635.1m | $795.9m | $373.3m | $437.1m | $181.5m | $98.5m | $344.7m | $189.9m | $55.5m | $7.6m |
| Operating income | −$745.4m | −$885.1m | −$436.1m | −$567.9m | −$218.9m | −$114.5m | −$479.1m | −$224.6m | −$60.6m | −$9.7m |
| Net income | −$738.8m | −$846.4m | −$408.2m | −$570.3m | −$213.8m | −$118.7m | −$528.8m | −$240.9m | −$63.7m | −$10.1m |
| Diluted earnings per share | -6.15 | -8.38 | -5.11 | -9.37 | -5.43 | -2.45 | -10.08 | -6.15 | -2.62 | -0.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $451.4m | $615.1m | $513.2m | $661.8m | $142.1m | $111.5m | $344.3m | $290.0m | $27.0m | $1.9m |
| Cash and short-term investments | $319.1m | $486.0m | $381.8m | $465.3m | $76.1m | $82.5m | $316.7m | $264.2m | $23.6m | $1.5m |
| Total liabilities | $399.4m | $191.7m | $85.2m | $123.0m | $47.4m | $34.7m | $351.7m | $139.1m | $28.8m | $700,000 |
| Debt | $244.7m | — | — | — | — | — | $247.8m | $117.5m | $24.5m | — |
| Shareholders' equity | $52.1m | $423.4m | $428.0m | $538.8m | $94.7m | $76.8m | −$7.4m | $150.9m | −$1.8m | $1.1m |
| Shares outstanding | 120m | 101m | 80m | 61m | 39m | 48m | 52m | 39m | 24m | — |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$609.4m | −$582.5m | −$331.7m | −$297.7m | −$145.8m | −$76.0m | −$377.3m | −$197.1m | −$29.5m | −$5.6m |
| Capital spending | −$715,000 | −$4.0m | −$3.0m | −$41.1m | −$938,000 | −$2.7m | −$2.5m | −$4.2m | −$30,000 | — |
| Free cash flow | −$610.2m | −$586.5m | −$334.8m | −$338.8m | −$146.8m | −$78.7m | −$379.9m | −$201.3m | −$29.5m | −$5.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $3.8m | — |
| Gross profit | — | — | −$960,000 | −$1.1m | — | −$1.0m | $1.9m | −$1.0m |
| Operating income | −$124.9m | −$130.4m | −$142.7m | −$169.4m | −$211.7m | −$221.6m | −$189.9m | −$178.2m |
| Net income | −$137.3m | −$130.5m | −$145.6m | −$173.4m | −$198.1m | −$221.7m | −$186.8m | −$160.3m |
| Diluted earnings per share | -0.91 | -0.87 | -1.21 | -1.44 | -1.65 | -1.84 | -1.85 | -1.59 |
| Cash from operations | −$85.0m | −$149.0m | −$130.0m | −$145.0m | −$167.0m | −$165.0m | −$170.0m | −$141.0m |
| Total assets | $370.7m | $466.4m | $451.4m | $409.1m | $550.4m | $458.9m | $615.1m | $510.5m |
| Cash and short-term investments | $267.9m | $347.8m | $319.1m | $260.2m | $405.0m | $322.7m | $486.0m | $378.8m |
| Debt | — | $247.8m | $244.7m | $273.8m | $261.8m | $4.7m | $3.8m | $3.7m |
| Shareholders' equity | $12.2m | $129.5m | $52.1m | −$17.2m | $134.6m | $259.5m | $423.4m | $316.0m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | 80.2% | — | — |
| Operating margin | — | — | — | — | -45.9% | — | — |
| Net margin | — | — | — | — | -46.2% | — | — |
| Return on equity | -1418.8% | -199.9% | -95.4% | -105.8% | -225.8% | -154.6% | — |
| Return on assets | -163.7% | -137.6% | -79.5% | -86.2% | -150.5% | -106.4% | — |
| Free cash flow yield | -32.8% | -37.1% | -26.7% | -27.3% | -23.9% | -9.8% | — |
| Earnings growth | -12.7% | 107.4% | -28.4% | 166.7% | 80.2% | -77.6% | — |
| Current ratio | 3.18x | 3.49x | 7.98x | 6.52x | 2.26x | 3.00x | — |
| Debt to equity | 4.70x | 0.01x | 0.01x | 0.01x | 6.62x | 0.01x | — |
| Equity ratio | 11.5% | 68.8% | 83.4% | 81.4% | 66.7% | 68.9% | — |
| Interest coverage | — | — | — | -411.14x | -5.11x | — | -37.69x |
| R&D as a share of sales | — | — | — | — | 39.2% | — | — |
| Buybacks as a share of market value | -18.9% | -26.4% | -31.3% | -54.6% | 18.8% | 7.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 9.5% | 45.4% | 54.4% |
| Net income | 9.0% | 44.2% | 53.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -1.8 | -2.7 | -5.0 | -0.9 |
Market value over time
30 Sept 2022 to 30 Oct 2026, in USD
$245.7m$2.33bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Return | -48% | -6% | 173% | 97% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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