C 
10.79
+5.68%
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
$6.96bn
FY2016FY2025
Net income
−$58.5m
FY2016FY2025
Free cash flow
$203.3m
FY2016FY2025
Shareholders' equity
$782.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.96bn | $5.63bn | $4.88bn | $6.02bn | $6.42bn | $3.72bn | $2.39bn | $884.7m | $370.3m | $186.8m |
| Gross profit | $738.7m | $994.5m | $878.0m | $1.08bn | $1.11bn | $663.9m | $450.4m | $189.3m | $47.2m | $18.0m |
| Research and development | $366.3m | $188.8m | $184.5m | $360.3m | $365.3m | $146.3m | $131.3m | $56.7m | $19.5m | $12.4m |
| Operating income | −$50.8m | −$148.6m | −$306.4m | −$586.6m | −$492.9m | −$273.3m | −$401.8m | −$237.7m | −$65.6m | −$62.9m |
| Net income | −$58.5m | −$154.4m | −$321.3m | −$601.5m | −$494.1m | −$270.2m | −$388.0m | −$223.8m | −$64.8m | −$62.5m |
| Diluted earnings per share | -0.10 | -0.30 | -0.66 | -1.38 | -1.22 | -0.76 | -1.09 | -0.63 | -0.18 | -0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.54bn | $1.18bn | $1.16bn | $1.53bn | $1.80bn | $1.37bn | $1.47bn | $968.2m | — | — |
| Cash and short-term investments | $199.0m | $223.8m | $166.9m | $361.9m | $618.3m | $440.1m | $547.2m | $683.6m | — | — |
| Total liabilities | $752.2m | $765.6m | $728.3m | $1.01bn | $953.0m | $2.23bn | $2.15bn | $124.9m | — | — |
| Debt | $122.0m | $23.6m | $24.8m | $181.9m | $16.2m | $444.3m | — | — | — | — |
| Shareholders' equity | $782.0m | $409.4m | $432.0m | $517.1m | $843.8m | −$862.9m | −$681.6m | $843.3m | — | — |
| Shares outstanding | 572m | 511m | 484m | 437m | 404m | 355m | 355m | 355m | 355m | 394m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $216.7m | $121.5m | −$25.9m | −$292.3m | −$28.6m | −$58.1m | −$377.0m | −$189.4m | — | — |
| Capital spending | −$13.4m | −$15.7m | −$11.2m | −$70.1m | −$50.1m | −$43.3m | −$74.1m | −$35.3m | — | — |
| Free cash flow | $203.3m | $105.8m | −$37.1m | −$362.4m | −$78.7m | −$101.4m | −$451.1m | −$224.7m | — | — |
| Dividends paid | — | — | −$1 | — | −$62.4m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.31bn | $2.70bn | $1.70bn | $1.85bn | $2.06bn | $1.36bn | $1.38bn | $1.49bn |
| Gross profit | $124.0m | $696.0m | $176.9m | $342.6m | $373.9m | $250.1m | $241.1m | $181.9m |
| Operating income | $165.0m | −$342.0m | −$38.4m | −$7.2m | $42.1m | −$51.9m | −$40.6m | −$3.4m |
| Net income | $92.0m | $22.0m | −$42.6m | −$4.6m | $39.4m | −$50.7m | −$40.5m | −$1.7m |
| Diluted earnings per share | 0.16 | 0.04 | -0.07 | -0.01 | 0.07 | -0.09 | -0.08 | -0.00 |
| Cash from operations | $191.0m | −$157.0m | $45.0m | $75.0m | $72.0m | $23.0m | $30.0m | $37.0m |
| Capital spending | −$11.0m | −$11.0m | −$3.0m | −$1.0m | −$4.0m | −$3.0m | −$3.0m | −$4.0m |
| Free cash flow | $180.0m | −$168.0m | $42.0m | $74.0m | $68.0m | $20.0m | $27.0m | $33.0m |
| Total assets | $8.33bn | $8.12bn | $1.54bn | $1.55bn | $1.60bn | $1.54bn | $1.18bn | $1.20bn |
| Cash and short-term investments | $694.0m | $484.0m | $199.0m | $170.3m | $177.3m | $127.0m | $223.8m | $211.2m |
| Debt | $3.51bn | $3.48bn | $122.0m | $128.6m | $181.2m | $174.2m | $117.1m | $126.2m |
| Shareholders' equity | $2.98bn | $2.82bn | $782.0m | $773.3m | $719.9m | $635.0m | $409.4m | $428.0m |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.6% | 17.7% | 18.0% | 18.0% | 17.3% | 17.8% |
| Operating margin | -0.7% | -2.6% | -6.3% | -9.7% | -7.7% | -7.3% |
| Net margin | -0.8% | -2.7% | -6.6% | -10.0% | -7.7% | -7.3% |
| Return on equity | -7.5% | -37.7% | -74.4% | -116.3% | -58.6% | 31.3% |
| Return on assets | -3.8% | -13.1% | -27.7% | -39.2% | -27.4% | -19.8% |
| Free cash flow yield | 4.3% | 2.9% | -0.3% | -5.4% | 0.6% | -0.4% |
| Revenue growth | 23.7% | 15.2% | -18.8% | -6.3% | 72.6% | 55.9% |
| Earnings growth | -62.1% | -51.9% | -46.6% | 21.7% | 82.9% | -30.4% |
| Current ratio | 0.86x | 0.93x | 0.96x | 1.00x | 1.82x | 2.13x |
| Debt to equity | 0.16x | 0.29x | 0.23x | 0.53x | 0.12x | -0.09x |
| Equity ratio | 50.8% | 34.8% | 37.2% | 33.7% | 46.9% | -63.2% |
| Interest coverage | -5.64x | -23.13x | -28.37x | -162.94x | -205.38x | -452.17x |
| R&D as a share of sales | 5.3% | 3.4% | 3.8% | 6.0% | 5.7% | 3.9% |
| Buybacks as a share of market value | -11.9% | -5.7% | -10.8% | -8.1% | -13.9% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.0% | 13.3% | — |
| Operating income | -55.8% | -28.6% | — |
| Net income | -54.0% | -26.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.8% | 15.7% | 16.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -103.3 | -19.4 | -5.7 | -1.7 | -7.4 |
| Price to sales | 0.9 | 0.5 | 0.4 | 0.2 | 0.6 |
Market value over time
30 Apr 2021 to 9 Oct 2026, in USD
$7.36bn$5.37bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 79% | 97% | 26% | -74% | -54% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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