D 
18.70
+1.03%
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
$6.05bn
FY2017FY2025
Net income
$3.7m
FY2017FY2025
Free cash flow
$647.5m
FY2017FY2025
Shareholders' equity
$631.5m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.05bn | $4.77bn | $3.67bn | $2.24bn | $1.30bn | $614.5m | $323.4m | $226.3m | $191.8m |
| Gross profit | $2.50bn | $1.82bn | $1.37bn | $756.2m | $501.9m | $267.9m | $219.5m | $177.6m | $160.1m |
| Research and development | $459.9m | $397.1m | $355.2m | $318.2m | $253.7m | $168.6m | $55.9m | $32.9m | $20.2m |
| Operating income | $27.9m | −$609.0m | −$789.2m | −$1.51bn | −$1.56bn | −$843.3m | −$146.5m | −$76.8m | −$73.8m |
| Net income | $3.7m | −$507.3m | −$802.1m | −$1.38bn | −$1.52bn | −$1.23bn | −$142.7m | −$76.2m | −$75.6m |
| Diluted earnings per share | 0.01 | -1.04 | -1.71 | -3.06 | -3.77 | -3.68 | -0.78 | -0.41 | -0.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $4.53bn | $4.28bn | $3.94bn | $4.04bn | $4.07bn | $3.44bn | $330.7m | $299.4m | $183.0m |
| Cash and short-term investments | $1.60bn | $788.3m | $1.27bn | $1.31bn | $2.15bn | $1.82bn | $76.5m | $117.9m | $49.3m |
| Total liabilities | $3.90bn | $3.27bn | $3.10bn | $2.72bn | $2.39bn | $808.0m | $380.3m | $484.6m | $182.4m |
| Debt | $1.84bn | $1.26bn | $1.25bn | $1.25bn | $1.25bn | — | $75.1m | $3.8m | $2.5m |
| Shareholders' equity | $631.5m | $1.01bn | $840.3m | $1.32bn | $1.68bn | $2.63bn | −$49.6m | −$185.2m | $644,000 |
| Shares outstanding | 532m | 488m | 468m | 451m | 404m | 335m | 184m | 185m | 185m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $662.9m | $417.8m | −$1.8m | −$625.5m | −$419.5m | −$337.9m | −$46.6m | −$45.6m | −$88.4m |
| Capital spending | −$15.4m | −$10.2m | −$113.4m | −$103.6m | −$98.3m | −$47.7m | −$42.3m | −$26.7m | −$7.7m |
| Free cash flow | $647.5m | $407.6m | −$115.1m | −$729.2m | −$517.8m | −$385.6m | −$88.8m | −$72.3m | −$96.2m |
| Dividends paid | — | — | −$63.2m | — | −$1.28bn | −$308.4m | −$71.1m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44bn | $1.65bn | $1.99bn | $1.14bn | $1.51bn | $1.41bn | $1.39bn | $1.10bn |
| Gross profit | $551.5m | $696.7m | $914.7m | $359.9m | $657.9m | $565.0m | $558.1m | $353.1m |
| Operating income | −$71.9m | $5.8m | $151.8m | −$271.9m | $150.6m | −$46.3m | −$139.2m | −$298.6m |
| Net income | −$67.6m | $21.1m | $136.4m | −$256.8m | $157.9m | −$33.9m | −$134.9m | −$293.7m |
| Diluted earnings per share | -0.14 | 0.04 | 0.26 | -0.48 | 0.30 | -0.06 | -0.28 | -0.60 |
| Cash from operations | $111.0m | −$48.0m | $320.0m | $287.0m | $173.0m | −$119.0m | $325.0m | $133.0m |
| Capital spending | −$4.0m | −$7.0m | −$3.0m | −$39.0m | −$4.0m | −$2.0m | −$2.0m | −$31.0m |
| Free cash flow | $107.0m | −$55.0m | $317.0m | $248.0m | $169.0m | −$121.0m | $323.0m | $102.0m |
| Total assets | $4.28bn | $4.31bn | $4.53bn | $4.62bn | $4.47bn | $4.52bn | $4.28bn | $4.27bn |
| Cash and short-term investments | $983.9m | $999.4m | $1.60bn | $1.23bn | $1.26bn | $1.12bn | $788.3m | $877.8m |
| Debt | $1.84bn | $1.85bn | $1.85bn | $1.85bn | $1.85bn | $1.85bn | $1.27bn | $1.27bn |
| Shareholders' equity | $569.4m | $605.0m | $631.5m | $732.3m | $1.01bn | $872.9m | $1.01bn | $1.08bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 41.3% | 38.1% | 37.5% | 33.8% | 38.7% | 43.6% |
| Operating margin | 0.5% | -12.8% | -21.5% | -67.5% | -120.5% | -137.2% |
| Net margin | 0.1% | -10.6% | -21.9% | -61.5% | -117.5% | -200.5% |
| Return on equity | 0.6% | -50.2% | -95.5% | -104.2% | -90.7% | -46.8% |
| Return on assets | 0.1% | -11.8% | -20.3% | -34.1% | -37.4% | -35.8% |
| Free cash flow yield | 6.9% | 4.7% | 1.3% | -6.2% | -4.3% | -4.7% |
| Revenue growth | 27.0% | 30.1% | 63.6% | 72.9% | 110.9% | 90.0% |
| Earnings growth | -100.7% | -36.8% | -41.8% | -9.5% | 23.7% | 763.0% |
| Current ratio | 1.03x | 0.93x | 1.34x | 1.67x | 2.96x | 3.96x |
| Debt to equity | 2.92x | 1.25x | 1.51x | 0.95x | 0.75x | 0.00x |
| Equity ratio | 13.9% | 23.6% | 21.3% | 32.7% | 41.3% | 76.5% |
| Interest coverage | 1.40x | -205.81x | -294.60x | -570.26x | -740.45x | -788.09x |
| R&D as a share of sales | 7.6% | 8.3% | 9.7% | 14.2% | 19.6% | 27.4% |
| Buybacks as a share of market value | -9.0% | -4.3% | -3.9% | -11.6% | -20.5% | -82.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 39.2% | 58.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.9% | 38.5% | 38.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | — | -35.8 | -20.6 | -3.7 | -7.3 | -12.7 | -13.8 |
| Price to sales | 3.0 | 3.8 | 4.5 | 2.3 | 8.6 | 25.4 | 6.1 |
Market value over time
25 Jul 2019 to 2 Oct 2026, in USD
$1.81bn$9.22bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | -12% | 8% | 207% | -58% | -48% | 424% | 4% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 5 May 2022
- 1-to-1 reverse split · 24 Apr 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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