6.91
+12.18%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$766.3m
FY2016FY2025
Net income
$364.5m
FY2016FY2025
Free cash flow
−$1.02bn
FY2016FY2025
Shareholders' equity
$2.18bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $766.3m | $379.0m | $168.4m | $131.5m | $39.3m | $10.0m | $4.5m | $578,635 | $447,963 | $82,031 |
| Research and development | — | — | — | — | — | $163,918 | $1.5m | $1.4m | $591 | $1,826 |
| Operating income | $326.2m | −$149.0m | −$128.8m | −$39.2m | −$11.9m | −$12.9m | −$16.6m | −$7.1m | −$13.5m | −$2.5m |
| Net income | $364.5m | −$145.8m | −$138.1m | −$57.3m | −$21.8m | −$23.3m | −$26.1m | −$47.0m | −$13.5m | −$2.5m |
| Diluted earnings per share | 1.28 | -0.50 | -0.76 | -0.86 | -0.54 | -0.94 | -5.46 | -12.87 | -4.03 | -0.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $3.18bn | $1.96bn | $761.6m | $452.6m | $317.5m | $22.3m | $23.4m | $17.6m | $20.8m | $33.0m |
| Cash and short-term investments | $1.01bn | $553.8m | $86.2m | $32.2m | $38.9m | $4.1m | $7.8m | $412,777 | $57,128 | $436,529 |
| Total liabilities | $1.01bn | $201.8m | $85.9m | $48.6m | $11.8m | $5.9m | $4.5m | $1.5m | $451,291 | $357,421 |
| Debt | $821.2m | $66.0m | $16.0m | $21.7m | $900,000 | $500,000 | $3.1m | $1.1m | $200,000 | — |
| Shareholders' equity | $2.18bn | $1.76bn | $675.7m | $404.0m | $305.7m | $16.4m | $18.9m | $16.1m | $20.3m | $32.7m |
| Shares outstanding | 284m | 292m | 181m | 66m | 40m | 25m | 5m | 4m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$461.0m | −$233.7m | −$30.4m | $71.4m | −$35.4m | −$6.6m | −$5.7m | −$1.3m | −$1.4m | −$438,165 |
| Capital spending | −$562.9m | −$806.4m | −$302.3m | −$190.7m | −$228.6m | −$119,821 | −$673,953 | −$419,232 | −$133,320 | −$20,855 |
| Free cash flow | −$1.02bn | −$1.04bn | −$332.7m | −$119.2m | −$264.0m | −$6.8m | −$6.4m | −$1.7m | −$1.5m | −$459,020 |
| Dividends paid | −$10.7m | −$3.4m | −$21,000 | −$314,610 | −$177,502 | −$177,502 | −$177,502 | −$177,502 | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $138.0m | $136.4m | $181.2m | $223.7m | $198.6m | $181.7m | $162.3m | $89.3m |
| Operating income | −$111.7m | −$111.8m | −$406.4m | $834,000 | $249.3m | −$138.0m | $210.1m | −$65.6m |
| Net income | −$239.8m | −$378.3m | −$378.7m | −$925,000 | $257.4m | −$138.8m | $246.8m | −$62.2m |
| Diluted earnings per share | -0.89 | -1.41 | -1.33 | -0.00 | 0.91 | -0.49 | 0.85 | -0.21 |
| Cash from operations | −$112.0m | −$135.0m | −$161.0m | −$119.0m | −$109.0m | −$112.0m | −$119.0m | −$82.0m |
| Capital spending | −$112.0m | −$37.0m | −$36.0m | −$428.0m | −$42.0m | −$34.0m | −$57.0m | −$753.0m |
| Free cash flow | −$224.0m | −$172.0m | −$197.0m | −$547.0m | −$151.0m | −$146.0m | −$176.0m | −$835.0m |
| Total assets | $2.70bn | $2.91bn | $3.33bn | $3.18bn | $3.10bn | $2.66bn | $2.78bn | $1.96bn |
| Cash and short-term investments | $794.7m | $934.7m | $1.29bn | $1.01bn | $916.0m | $933.6m | $1.21bn | $553.8m |
| Debt | $1.78bn | $1.79bn | $1.79bn | $821.2m | $820.3m | $647.2m | $648.6m | $66.0m |
| Shareholders' equity | $761.3m | $986.2m | $1.38bn | $2.18bn | $2.15bn | $1.89bn | $2.02bn | $1.76bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 54.1% | -36.9% | -76.2% | -29.7% | -20.6% | -125.5% | — | — | — | — | — |
| Net margin | 47.6% | -38.5% | -82.0% | -43.6% | -55.5% | -232.8% | — | — | — | — | — |
| Return on equity | 16.8% | -8.3% | -20.4% | -14.2% | -7.1% | -142.1% | — | — | — | — | — |
| Return on assets | 11.4% | -7.4% | -18.1% | -12.7% | -6.9% | -104.5% | — | — | — | — | — |
| Free cash flow yield | 4.6% | 25.3% | 19.4% | 50.8% | 61.4% | -3.4% | — | — | — | — | — |
| Revenue growth | 102.2% | 125.0% | 28.0% | 234.8% | 291.7% | 121.2% | — | — | — | — | — |
| Earnings growth | -350.0% | 5.5% | 141.0% | 162.8% | -6.6% | -10.6% | — | — | — | — | — |
| Current ratio | 4.18x | 3.75x | 1.38x | 1.49x | 5.74x | 1.53x | — | — | — | — | — |
| Debt to equity | 0.38x | 0.04x | 0.02x | 0.05x | 0.00x | 0.03x | — | — | — | — | — |
| Equity ratio | 68.3% | 89.7% | 88.7% | 89.3% | 96.3% | 73.5% | — | — | — | — | — |
| Interest coverage | 36.60x | -57.02x | -43.11x | -36.19x | -55.47x | -1.17x | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | 1.6% | 32.1% | 239.0% | 0.1% | 2.2% | 2046.5% |
| Buybacks as a share of market value | 2.6% | -61.5% | -172.3% | -64.0% | -62.3% | -421.7% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 79.9% | 138.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 15.5% | 0.6% | -1.0% | — |
| Net margin | 19.1% | 1.6% | -1.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.9 | -18.4 | -14.4 | -2.4 | -17.7 | -31.0 | -1.0 | -1.6 | -6.1 | -20.8 |
| Price to sales | 3.8 | 7.1 | 11.8 | 1.0 | 9.8 | 72.3 | 5.6 | 129.4 | 182.5 | — |
Market value over time
22 Jul 2016 to 26 Oct 2026, in USD
$132.0m$2.09bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -1% | 9% | 486% | -84% | -50% | 282% | -75% | -6% | 37% | 0% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 11 Dec 2019
- 3-for-1 split · 13 May 2015
- 39-to-1 reverse split · 26 Feb 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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