C 
74.74
-1.64%
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
$4.0m
FY2021FY2025
Net income
−$161.0m
FY2021FY2025
Free cash flow
−$132.5m
FY2021FY2025
Shareholders' equity
$752.6m
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $4.0m | $1.1m | $204,000 | $191,000 | $10.4m |
| Research and development | $116.6m | $82.1m | $45.8m | $29.0m | $18.3m |
| Operating income | −$190.8m | −$114.7m | −$55.4m | −$35.4m | −$12.4m |
| Net income | −$161.0m | −$88.0m | −$48.6m | −$35.4m | −$12.8m |
| Diluted earnings per share | -2.08 | -1.36 | -0.73 | -0.53 | -0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | $791.6m | $754.8m | $199.3m | $147.7m | $58.7m |
| Cash and short-term investments | $742.2m | $742.0m | $187.7m | $143.5m | $53.6m |
| Total liabilities | $39.0m | $21.4m | $14.5m | $22.6m | $18.4m |
| Debt | $3.0m | — | $365,000 | $15.8m | $15.4m |
| Shareholders' equity | $752.6m | $733.4m | $184.8m | $125.2m | $40.3m |
| Shares outstanding | 77m | 65m | 67m | 67m | 67m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | −$132.3m | −$78.7m | −$45.7m | −$29.8m | −$13.7m |
| Capital spending | −$134,000 | −$234,000 | — | −$14,000 | −$97,000 |
| Free cash flow | −$132.5m | −$78.9m | −$45.7m | −$29.8m | −$13.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2m | $1.1m | $2.3m | $1.7m | — | $52,000 | $456,000 | $43,000 |
| Operating income | −$86.4m | −$66.4m | −$48.7m | −$51.1m | −$48.7m | −$42.2m | −$38.0m | −$28.3m |
| Net income | −$79.1m | −$60.2m | −$41.3m | −$43.8m | −$41.4m | −$34.5m | −$31.8m | −$20.4m |
| Diluted earnings per share | -0.90 | -0.68 | -0.53 | -0.57 | -0.54 | -0.45 | -0.49 | -0.31 |
| Cash from operations | −$46.0m | −$56.0m | −$36.0m | −$38.0m | −$27.0m | −$29.0m | −$20.0m | −$15.0m |
| Total assets | $1.09bn | $1.14bn | $791.6m | $729.9m | $701.4m | $728.2m | $754.8m | $552.5m |
| Cash and short-term investments | $1.03bn | $1.08bn | $742.2m | $680.3m | $661.1m | $688.4m | $742.0m | $540.7m |
| Debt | $4.0m | $4.1m | $3.9m | $3.9m | $288,000 | $255,000 | $186,000 | $225,000 |
| Shareholders' equity | $1.03bn | $1.09bn | $752.6m | $687.6m | $670.4m | $704.8m | $733.4m | $536.8m |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating margin | -3985.0% | -7729.5% | -23827.0% | -18556.0% | -119.6% |
| Net margin | -3985.0% | -7729.5% | -23827.0% | -18556.5% | -124.0% |
| Return on equity | -21.4% | -12.0% | -26.3% | -28.3% | -31.9% |
| Return on assets | -20.3% | -11.7% | -24.4% | -24.0% | -21.9% |
| Free cash flow yield | -2.7% | -1.9% | — | -0.7% | — |
| Revenue growth | 254.7% | 458.3% | 6.8% | -98.2% | — |
| Earnings growth | 82.9% | 81.1% | 37.1% | 176.1% | — |
| Current ratio | 24.63x | 35.30x | 13.62x | 9.54x | 9.78x |
| Debt to equity | 0.01x | 0.00x | 0.00x | 0.13x | 0.37x |
| Equity ratio | 95.1% | 97.2% | 92.7% | 84.7% | 68.6% |
| Interest coverage | — | — | -7.04x | -35442.00x | -27.47x |
| R&D as a share of sales | 2887.2% | 7208.3% | 22427.5% | 15198.4% | 176.9% |
| Buybacks as a share of market value | -19.3% | 2.7% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 176.6% | — | — |
| Operating income | 75.3% | — | — |
| Net income | 65.6% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -19.9 | -21.1 |
Market value over time
31 Jan 2024 to 13 Oct 2026, in USD
$149.0m$5.50bn
Share price return
Finished calendar years
| 2025 | 2024 | |
|---|---|---|
| Return | 34% | -23% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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