B 
46.08
+0.63%
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
$738.2m
FY2020FY2026
Net income
−$131.3m
FY2020FY2026
Free cash flow
$61.9m
FY2020FY2026
Shareholders' equity
$623.8m
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | $738.2m | $593.4m | $471.8m | $355.4m | $238.0m | $150.2m | $96.4m |
| Gross profit | $495.7m | $410.2m | $324.3m | $239.6m | $159.5m | $95.7m | $60.7m |
| Research and development | $167.1m | $134.0m | $119.9m | $97.3m | $59.0m | $29.2m | $20.3m |
| Operating income | −$144.8m | −$122.2m | −$144.7m | −$148.1m | −$78.2m | −$32.2m | −$33.5m |
| Net income | −$131.3m | −$103.7m | −$129.2m | −$139.0m | −$76.7m | −$32.0m | −$31.8m |
| Diluted earnings per share | -1.18 | -0.97 | -1.26 | -1.42 | -0.81 | -0.35 | -0.35 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | $1.11bn | $871.0m | $810.9m | $705.4m | $666.3m | $171.4m | $153.1m |
| Cash and short-term investments | $411.9m | $513.5m | $476.1m | $478.7m | $514.1m | $86.5m | $92.0m |
| Total liabilities | $489.6m | $396.2m | $366.5m | $258.6m | $161.4m | $277.7m | $239.9m |
| Debt | $19.3m | — | — | — | — | — | — |
| Shareholders' equity | $623.8m | $474.9m | $444.2m | $445.3m | $501.6m | −$108.5m | −$86.9m |
| Shares outstanding | 111m | 107m | 102m | 98m | 94m | 90m | 90m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | $71.4m | $36.7m | $6.8m | −$22.3m | −$35.4m | −$6.1m | −$7.4m |
| Capital spending | −$9.6m | −$13.2m | −$9.8m | −$16.7m | −$4.4m | −$4.4m | −$2.6m |
| Free cash flow | $61.9m | $23.4m | −$2.9m | −$39.0m | −$39.8m | −$10.4m | −$9.9m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $227.2m | $211.0m | $205.2m | $190.8m | $180.1m | $162.1m | $160.4m | $152.1m |
| Gross profit | $151.9m | $138.7m | $134.4m | $128.2m | $121.9m | $111.2m | $111.1m | $106.1m |
| Operating income | −$18.1m | −$27.5m | −$28.2m | −$37.5m | −$38.8m | −$40.2m | −$21.6m | −$32.6m |
| Net income | −$18.9m | −$26.6m | −$31.6m | −$36.0m | −$27.9m | −$35.8m | −$17.2m | −$27.9m |
| Diluted earnings per share | -0.17 | -0.24 | -0.28 | -0.34 | -0.26 | -0.33 | -0.16 | -0.27 |
| Cash from operations | $24.0m | $28.0m | $19.0m | $20.0m | $6.0m | $24.0m | $17.0m | −$11.0m |
| Capital spending | −$1.0m | — | −$5.0m | −$1.0m | −$1.0m | −$1.0m | −$1.0m | −$2.0m |
| Free cash flow | $23.0m | — | $14.0m | $19.0m | $5.0m | $23.0m | $16.0m | −$13.0m |
| Total assets | $1.13bn | $1.09bn | $1.11bn | $1.04bn | $1.02bn | $889.1m | $871.0m | $842.0m |
| Cash and short-term investments | $409.9m | $387.5m | $411.9m | $383.3m | $363.6m | $539.3m | $513.5m | $492.6m |
| Debt | $22.9m | $19.8m | $19.3m | $20.0m | $20.0m | $19.3m | $18.2m | $18.3m |
| Shareholders' equity | $600.2m | $581.7m | $623.8m | $602.0m | $598.9m | $474.4m | $474.9m | $458.1m |
Financial ratios
Data as of 30 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 67.1% | 69.1% | 68.7% | 67.4% | 67.0% | 63.7% | — |
| Operating margin | -19.6% | -20.6% | -30.7% | -41.7% | -32.9% | -21.4% | — |
| Net margin | -17.8% | -17.5% | -27.4% | -39.1% | -32.2% | -21.3% | — |
| Return on equity | -21.0% | -21.8% | -29.1% | -31.2% | -15.3% | 29.5% | — |
| Return on assets | -11.8% | -11.9% | -15.9% | -19.7% | -11.5% | -18.7% | — |
| Free cash flow yield | 1.6% | 1.0% | 0.4% | -0.1% | -0.7% | -0.0% | — |
| Revenue growth | 24.4% | 25.8% | 32.7% | 49.3% | 58.5% | 55.9% | — |
| Earnings growth | 26.6% | -19.7% | -7.1% | 81.1% | 140.0% | 0.5% | — |
| Current ratio | 1.35x | 1.98x | 2.08x | 2.68x | 3.80x | 1.32x | — |
| Debt to equity | 0.03x | 0.04x | 0.04x | 0.02x | — | -0.20x | -0.10x |
| Equity ratio | 56.0% | 54.5% | 54.8% | 63.1% | 75.3% | -63.3% | — |
| Interest coverage | — | — | — | -15.18x | -212.28x | -93.19x | -15.46x |
| R&D as a share of sales | 22.6% | 22.6% | 25.4% | 27.4% | 24.8% | 19.4% | — |
| Buybacks as a share of market value | -3.9% | -4.8% | -4.4% | -3.6% | -4.7% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 27.6% | 37.5% | — |
| Operating income | -0.8% | 35.1% | — |
| Net income | -1.9% | 32.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 68.0% | 68.1% | 67.7% | — |
| Operating margin | -20.0% | -25.9% | -26.3% | — |
| Net margin | -17.7% | -23.3% | -24.0% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | -39.1 | -35.4 | -33.1 | -37.4 | -33.6 | -217.8 |
| Price to sales | 7.0 | 6.2 | 9.1 | 14.6 | 10.8 | 46.4 |
Market value over time
30 Nov 2021 to 29 Oct 2026, in USD
$1.60bn$5.10bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -18% | -19% | 99% | -58% | -31% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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