C 
33.54
+5.97%
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
—
FY2016FY2025
Net income
−$328.9m
FY2016FY2025
Free cash flow
−$266.0m
FY2016FY2025
Shareholders' equity
$636.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $7.9m | $22.5m | $9.7m | $8.4m | $6.4m |
| Gross profit | −$4.6m | −$4.4m | −$3.6m | −$5.9m | −$147,000 | −$17.9m | $22.5m | $9.7m | $8.4m | $6.4m |
| Research and development | $269.8m | $232.7m | $173.8m | $121.6m | $55.9m | $72.6m | $43.7m | $38.3m | $29.8m | $22.0m |
| Operating income | −$333.4m | −$275.9m | −$208.1m | −$147.8m | −$75.6m | −$82.2m | −$32.2m | −$36.0m | −$26.2m | −$19.1m |
| Net income | −$328.9m | −$255.9m | −$192.4m | −$132.6m | −$72.3m | −$74.8m | −$30.3m | −$34.5m | −$25.5m | −$18.1m |
| Diluted earnings per share | -4.87 | -2.32 | -2.22 | -1.88 | -1.65 | -7.15 | -3.95 | -4.62 | -4.35 | -1.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $937.6m | $327.9m | $313.4m | $300.8m | $232.1m | $250.9m | $49.4m | $85.9m | $49.1m | $75.5m |
| Cash and short-term investments | $900.8m | $287.1m | $265.7m | $259.3m | $219.7m | $242.2m | $37.4m | $78.6m | $41.0m | $68.5m |
| Total liabilities | $301.2m | $71.6m | $55.6m | $45.1m | $17.9m | $16.2m | $17.7m | $25.7m | $20.8m | $23.2m |
| Debt | $224.4m | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | $636.4m | $256.3m | $257.8m | $255.7m | $214.2m | $234.7m | $31.8m | $60.2m | $28.3m | $52.4m |
| Shares outstanding | 68m | 110m | 87m | 70m | 44m | 10m | 8m | 7m | 6m | 13m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$264.4m | −$207.8m | −$153.6m | −$118.6m | −$58.8m | −$35.9m | −$41.5m | −$32.5m | −$25.8m | −$18.6m |
| Capital spending | −$1.6m | −$573,000 | −$2.8m | −$6.9m | −$1.7m | −$320,000 | −$33,000 | −$549,000 | −$912,000 | −$3.3m |
| Free cash flow | −$266.0m | −$208.4m | −$156.4m | −$125.5m | −$60.5m | −$36.2m | −$41.5m | −$33.0m | −$26.7m | −$21.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $4.3m | — |
| Gross profit | — | −$1.2m | −$1.2m | — | −$1.2m | −$1.1m | $2.1m | −$1.1m |
| Operating income | −$102.6m | −$103.6m | −$99.5m | −$83.4m | −$75.6m | −$74.9m | −$73.7m | −$75.4m |
| Net income | −$96.4m | −$97.4m | −$102.5m | −$80.9m | −$73.5m | −$72.0m | −$67.9m | −$70.6m |
| Diluted earnings per share | -2.45 | -2.47 | -1.52 | -1.20 | -1.09 | -1.06 | -0.61 | -0.64 |
| Cash from operations | −$77.0m | −$86.0m | −$79.0m | −$64.0m | −$54.0m | −$66.0m | −$60.0m | −$51.0m |
| Total assets | $834.5m | $903.0m | $937.6m | $425.9m | $274.8m | $283.8m | $327.9m | $384.0m |
| Cash and short-term investments | $792.3m | $866.4m | $900.8m | $390.9m | $237.8m | $245.7m | $287.1m | $335.5m |
| Debt | $1.5m | $224.6m | $224.4m | $46.0m | $45.6m | $1.6m | $1.6m | $1.5m |
| Shareholders' equity | $532.4m | $607.7m | $636.4m | $302.5m | $155.0m | $219.0m | $256.3m | $314.7m |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | -227.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | — | — | — | — | — | -448.3% | -143.0% | -369.9% | -312.8% | -300.1% | -220.8% |
| Net margin | — | — | — | — | — | -950.4% | -134.6% | -354.8% | -304.9% | -285.2% | -220.8% |
| Return on equity | -51.7% | -99.8% | -74.6% | -51.9% | -33.7% | -31.9% | — | — | — | — | — |
| Return on assets | -35.1% | -78.0% | -61.4% | -44.1% | -31.1% | -29.8% | — | — | — | — | — |
| Free cash flow yield | -5.8% | -6.7% | -6.2% | -5.6% | -4.6% | -12.1% | — | — | — | — | — |
| Revenue growth | — | — | — | — | — | -65.0% | 131.1% | 16.4% | 31.5% | 112.8% | — |
| Earnings growth | 28.6% | 33.0% | 45.1% | 83.5% | -3.4% | 147.1% | — | — | — | — | — |
| Current ratio | 14.23x | 5.32x | 7.09x | 9.87x | 13.04x | 18.70x | — | — | — | — | — |
| Debt to equity | 0.35x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | — | — | — | — | — |
| Equity ratio | 67.9% | 78.2% | 82.3% | 85.0% | 92.3% | 93.5% | — | — | — | — | — |
| Interest coverage | -106.43x | — | — | -37.06x | -23.08x | -245.06x | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | 923.0% | 194.3% | 393.3% | 356.8% | 346.1% | 229.5% |
| Buybacks as a share of market value | -45.7% | -27.4% | -23.0% | -60.9% | -318.6% | -36.5% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 31.1% | 32.3% | 48.0% |
| Net income | 35.4% | 34.5% | 47.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.3 | -3.4 | -2.6 | -2.9 | -2.4 | -0.7 | -0.3 | -1.8 |
| Price to sales | — | — | — | — | — | 7.0 | 0.5 | 6.3 |
Market value over time
30 Apr 2018 to 13 Oct 2026, in USD
$137.4m$4.80bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | 396% | 51% | 1% | 27% | -32% | 356% | -85% | -60% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-to-1 reverse split · 9 Nov 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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