B 
87.51
0.00%
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 EUR, from our data supplier.
Revenue
€3.18bn
FY2017FY2025
Net income
−€1.26bn
FY2017FY2025
Free cash flow
€311.4m
FY2017FY2025
Shareholders' equity
€22.18bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | €3.18bn | €3.18bn | €4.41bn | €19.98bn | €21.90bn | €556.6m | €125.3m | €147.2m | €71.1m |
| Gross profit | €2.47bn | €2.55bn | €3.72bn | €16.52bn | €18.54bn | €488.2m | €105.3m | €131.4m | €60.3m |
| Research and development | €2.33bn | €2.60bn | €2.06bn | €1.77bn | €1.10bn | €744.4m | €261.4m | €165.1m | €98.7m |
| Operating income | −€720.0m | −€1.52bn | €796.8m | €14.59bn | €17.64bn | −€95.1m | −€209.5m | −€62.2m | −€70.7m |
| Net income | −€1.26bn | −€767.8m | €1.07bn | €10.89bn | €11.88bn | €17.5m | −€206.7m | −€55.4m | −€98.9m |
| Diluted earnings per share | -5.14 | -3.20 | 4.46 | 44.25 | 45.73 | 0.07 | -0.90 | -0.24 | -0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | €25.37bn | €26.00bn | €26.55bn | €26.87bn | €18.27bn | €2.68bn | €920.6m | €753.6m | €432.5m |
| Cash and short-term investments | €17.12bn | €19.37bn | €19.10bn | €16.23bn | €2.39bn | €1.56bn | €601.1m | €475.3m | €198.9m |
| Total liabilities | €3.19bn | €3.60bn | €3.19bn | €3.72bn | €4.54bn | €1.09bn | €351.0m | €445.5m | €488.1m |
| Debt | €308.6m | €254.2m | €219.1m | €212.0m | €302.0m | €237.0m | €72.0m | €14.0m | €2.0m |
| Shareholders' equity | €22.18bn | €22.40bn | €23.37bn | €23.15bn | €13.73bn | €1.58bn | €569.5m | €307.2m | −€56.9m |
| Shares outstanding | 245m | 240m | 241m | 246m | 260m | 245m | 230m | 227m | 227m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €505.5m | €239.7m | €6.20bn | €15.67bn | €1.03bn | −€15.6m | −€229.1m | −€67.1m | −€60.7m |
| Capital spending | −€194.1m | −€522.0m | −€814.2m | −€419.3m | −€177.7m | −€98.6m | −€82.1m | −€78.3m | −€66.6m |
| Free cash flow | €311.4m | −€282.3m | €5.38bn | €15.25bn | €849.1m | −€114.1m | −€311.1m | −€145.5m | −€127.3m |
| Dividends paid | — | — | — | −€558.9m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €123.9m | €138.5m | €1.04bn | €1.75bn | €301.0m | €211.0m | €1.37bn | €1.44bn |
| Gross profit | −€188.3m | −€87.5m | €656.4m | €1.58bn | €212.8m | €114.3m | €1.09bn | €1.23bn |
| Operating income | −€868.4m | −€775.5m | −€266.2m | €29.0m | −€578.3m | −€616.4m | €239.6m | €12.1m |
| Net income | −€963.0m | −€624.0m | −€348.7m | −€33.1m | −€446.2m | −€479.9m | €299.5m | €228.6m |
| Diluted earnings per share | -3.80 | -2.46 | -1.42 | -0.14 | -1.82 | -1.96 | 1.25 | 0.95 |
| Cash from operations | €12.0m | −€493.0m | €345.0m | €986.0m | €152.0m | −€948.0m | −€578.0m | −€793.0m |
| Capital spending | −€64.0m | −€66.0m | −€70.0m | −€50.0m | −€655.0m | −€750.0m | −€115.0m | −€104.0m |
| Free cash flow | −€52.0m | −€559.0m | €275.0m | €936.0m | −€503.0m | −€1.70bn | −€693.0m | −€897.0m |
| Total assets | €23.47bn | €24.35bn | €25.37bn | €24.63bn | €24.97bn | €24.45bn | €26.00bn | €25.85bn |
| Cash and short-term investments | €11.24bn | €16.91bn | €17.12bn | €16.77bn | €16.20bn | €16.28bn | €19.37bn | €19.28bn |
| Debt | €364.8m | €349.5m | €308.6m | €283.2m | €311.1m | €338.2m | €293.4m | €281.3m |
| Shareholders' equity | €20.49bn | €21.60bn | €22.18bn | €21.32bn | €21.36bn | €21.84bn | €22.40bn | €22.06bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 77.6% | 80.3% | 84.3% | 82.7% | 84.7% | 87.7% |
| Operating margin | -22.6% | -47.8% | 18.1% | 73.0% | 80.5% | -17.1% |
| Net margin | -39.6% | -24.2% | 24.4% | 54.5% | 54.2% | 3.2% |
| Return on equity | -5.7% | -3.4% | 4.6% | 47.0% | 86.5% | 1.1% |
| Return on assets | -5.0% | -3.0% | 4.0% | 40.5% | 65.0% | 0.7% |
| Free cash flow yield | 2.5% | 2.8% | 25.4% | 57.1% | 4.0% | 0.3% |
| Revenue growth | 0.2% | -28.0% | -77.9% | -8.8% | 3834.6% | 344.1% |
| Earnings growth | 64.0% | -171.5% | -90.1% | -8.3% | 67613.8% | -108.5% |
| Current ratio | 7.54x | 7.45x | 9.43x | 7.43x | 4.33x | 2.75x |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.03x | 0.18x |
| Equity ratio | 87.4% | 86.2% | 88.0% | 86.2% | 75.1% | 59.2% |
| Interest coverage | -45.74x | -99.86x | 88.96x | 799.08x | 2715.05x | -44.21x |
| R&D as a share of sales | 73.3% | 81.9% | 46.7% | 8.9% | 5.0% | 133.7% |
| Buybacks as a share of market value | -2.0% | 0.3% | 2.1% | 5.3% | -6.2% | -6.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -45.9% | 41.9% | — |
| Operating income | — | 49.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 79.0% | 82.2% | 83.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -16.2 | -31.2 |
| Price to sales | 6.5 | 7.6 |
Market value over time
31 Oct 2019 to 24 Sept 2026, in EUR
€3.62bn€25.15bn
Share price return
Finished calendar years
| 2025 | 2024 | |
|---|---|---|
| Return | -18% | 39% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jun 2022.
| FY2022 | |
|---|---|
| Paid in the year | 2.132 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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