B 
157.69
+2.27%
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.
Net income
−$77.6m
FY2020FY2025
Free cash flow
−$37.2m
FY2020FY2025
Shareholders' equity
$770.5m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross profit | — | −$449,000 | −$399,000 | −$198,000 | −$30,000 | −$17,000 |
| Research and development | $45.4m | $29.9m | $24.8m | $8.9m | $7.4m | $3.7m |
| Operating income | −$84.2m | −$40.0m | −$31.7m | −$12.8m | −$9.8m | −$5.7m |
| Net income | −$77.6m | −$36.1m | −$31.6m | −$12.6m | −$9.7m | −$5.8m |
| Diluted earnings per share | -2.31 | -1.15 | -1.12 | -0.61 | -1.01 | -0.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | $780.6m | $152.1m | $94.6m | $44.3m | $18.3m | $25.7m |
| Cash and short-term investments | $492.4m | $145.1m | $88.2m | $42.1m | $17.3m | $25.6m |
| Total liabilities | $10.1m | $6.3m | $4.2m | $2.8m | $33.4m | $32.8m |
| Debt | $241,000 | $276,000 | $616,000 | $396,000 | — | — |
| Shareholders' equity | $770.5m | $145.8m | $90.4m | $41.5m | −$15.1m | −$7.0m |
| Shares outstanding | 34m | 31m | 28m | 21m | 10m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −$37.0m | −$29.2m | −$29.8m | −$11.5m | −$7.5m | −$4.4m |
| Capital spending | −$178,000 | −$151,000 | −$63,000 | −$394,000 | −$74,000 | −$20,000 |
| Free cash flow | −$37.2m | −$29.4m | −$29.9m | −$11.9m | −$7.5m | −$4.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −$34.9m | −$32.7m | −$28.1m | −$23.0m | −$17.6m | −$15.5m | −$11.5m | −$9.7m |
| Net income | −$28.4m | −$26.9m | −$25.3m | −$21.7m | −$16.3m | −$14.3m | −$10.1m | −$8.7m |
| Diluted earnings per share | -0.71 | -0.67 | -0.76 | -0.65 | -0.49 | -0.43 | -0.32 | -0.28 |
| Cash from operations | — | — | — | — | — | — | −$4.0m | — |
| Total assets | — | $811.3m | $780.6m | $282.4m | $156.4m | $164.2m | $152.1m | $115.8m |
| Cash and short-term investments | — | — | $492.4m | $275.6m | $149.2m | $157.4m | $145.1m | $109.0m |
| Debt | — | — | $241,000 | $265,000 | — | — | $276,000 | — |
| Shareholders' equity | — | $795.8m | $770.5m | $274.1m | $149.9m | $158.1m | $145.8m | $112.2m |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Return on equity | -10.1% | -24.8% | -35.0% | -30.5% | 64.0% | 81.8% |
| Return on assets | -9.9% | -23.8% | -33.4% | -28.6% | -52.7% | -22.3% |
| Free cash flow yield | -0.7% | -0.6% | -0.7% | -0.4% | -0.5% | -0.3% |
| Earnings growth | 114.7% | 14.3% | 150.1% | 30.9% | 68.0% | — |
| Current ratio | 50.02x | 24.31x | 24.76x | 20.35x | 10.66x | 26.41x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | — | — |
| Equity ratio | 98.7% | 95.9% | 95.6% | 93.7% | -82.3% | -27.3% |
| Interest coverage | -38805.50x | -1805.90x | -1263.92x | -789.50x | -1933.20x | -273.48x |
| Buybacks as a share of market value | -6.6% | -11.1% | -37.1% | -115.7% | -8.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 87.3% | 71.1% | — |
| Net income | 83.1% | 68.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -69.1 | -54.9 | -41.0 | -49.2 |
Market value over time
29 Apr 2022 to 13 Oct 2026, in USD
$255.2m$6.10bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Return | 145% | 40% | 52% | 180% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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