D 
20.33
+1.30%
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
−$512.5m
FY2016FY2025
Free cash flow
−$422.1m
FY2016FY2025
Shareholders' equity
$1.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $330.5m | $108.5m | $48.7m | $335.7m | $26.7m | $129.2m | — | — |
| Gross profit | −$11.2m | −$7.8m | $330.5m | $108.5m | $48.7m | $335.7m | $26.7m | $129.2m | −$74.5m | −$1.5m |
| Research and development | $418.8m | $396.4m | $423.9m | $358.7m | $265.4m | $212.6m | $193.4m | $143.2m | $74.5m | $75.7m |
| Operating income | −$555.3m | −$487.3m | −$196.7m | −$340.7m | −$295.8m | $62.7m | −$213.2m | −$46.4m | −$90.1m | −$87.4m |
| Net income | −$512.5m | −$422.8m | −$145.2m | −$326.0m | −$290.6m | $71.1m | −$197.6m | −$36.2m | −$88.2m | −$86.7m |
| Diluted earnings per share | -2.92 | -2.49 | -1.05 | -2.45 | -2.38 | 0.55 | -2.06 | -0.37 | -2.87 | -9.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.14bn | $1.37bn | $1.15bn | $1.46bn | $1.40bn | $1.60bn | $553.2m | $662.0m | $486.7m | $271.1m |
| Cash and short-term investments | $867.9m | $832.3m | $1.03bn | $1.34bn | $865.4m | $1.47bn | $415.4m | $464.3m | $406.2m | $178.3m |
| Total liabilities | $131.1m | $144.5m | $123.0m | $417.8m | $441.9m | $453.7m | $158.3m | $115.1m | $20.9m | $16.5m |
| Debt | $5.6m | $9.3m | — | — | — | — | — | — | — | — |
| Shareholders' equity | $1.01bn | $1.23bn | $1.03bn | $1.04bn | $962.3m | $1.15bn | $394.9m | $546.8m | $465.8m | $254.5m |
| Shares outstanding | 175m | 170m | 138m | 133m | 122m | 128m | 96m | 98m | 31m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$412.6m | −$347.7m | −$358.0m | −$244.7m | −$211.4m | $416.2m | −$151.6m | $50.1m | −$76.6m | −$72.4m |
| Capital spending | −$9.5m | −$15.9m | −$12.9m | −$17.8m | −$8.5m | −$3.1m | −$17.9m | −$3.4m | −$2.9m | −$6.1m |
| Free cash flow | −$422.1m | −$363.6m | −$370.9m | −$262.5m | −$219.9m | $413.1m | −$169.5m | $46.7m | −$79.5m | −$78.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6m | — | — | — | — | — | — | — |
| Gross profit | $3.5m | −$2.8m | −$2.9m | −$102.0m | −$3.0m | — | — | — |
| Operating income | −$130.5m | −$137.4m | −$137.4m | −$137.4m | −$135.0m | −$145.6m | −$129.8m | −$123.2m |
| Net income | −$127.6m | −$128.4m | −$128.5m | −$126.9m | −$124.1m | −$133.0m | −$114.8m | −$107.2m |
| Diluted earnings per share | -0.68 | -0.69 | -0.73 | -0.72 | -0.71 | -0.76 | -0.67 | -0.63 |
| Cash from operations | −$97.0m | −$131.0m | −$98.0m | −$107.0m | −$75.0m | −$131.0m | −$83.0m | −$59.0m |
| Capital spending | — | −$2.0m | −$1.0m | −$1.0m | −$4.0m | −$5.0m | −$5.0m | −$3.0m |
| Free cash flow | — | −$133.0m | −$99.0m | −$108.0m | −$79.0m | −$136.0m | −$88.0m | −$62.0m |
| Total assets | $1.16bn | $1.27bn | $1.14bn | $1.06bn | $1.17bn | $1.27bn | $1.37bn | $1.45bn |
| Cash and short-term investments | $710.5m | $987.7m | $867.9m | $848.2m | $899.0m | $817.9m | $832.3m | $836.6m |
| Debt | — | $9.9m | $9.5m | $9.2m | $8.9m | $8.6m | $12.0m | $8.0m |
| Shareholders' equity | $835.2m | $926.1m | $1.01bn | $926.2m | $1.03bn | $1.12bn | $1.23bn | $1.32bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | — |
| Operating margin | — | — | -43.9% | -300.5% | -607.8% | 18.7% | -799.1% | -35.9% | — |
| Net margin | — | — | -43.9% | -300.6% | -597.2% | 21.2% | -740.7% | -28.1% | — |
| Return on equity | -50.6% | -34.4% | -14.1% | -31.3% | -30.2% | 6.2% | — | — | — |
| Return on assets | -44.8% | -30.8% | -12.6% | -22.3% | -20.7% | 4.4% | — | — | — |
| Free cash flow yield | -12.5% | -10.6% | -13.6% | -9.3% | -9.0% | 17.7% | — | — | — |
| Revenue growth | — | — | 204.7% | 122.9% | -85.5% | 1158.2% | -79.3% | — | — |
| Earnings growth | 21.2% | 191.1% | -55.5% | 12.2% | -508.5% | -136.0% | — | — | — |
| Current ratio | 9.16x | 8.46x | 13.65x | 3.77x | 2.37x | 20.86x | — | — | — |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x | — | — | — |
| Equity ratio | 88.5% | 89.5% | 89.3% | 71.4% | 68.5% | 71.7% | — | — | — |
| Interest coverage | — | — | — | -22.06x | -22.43x | 3.53x | -14.01x | -23.72x | -46.11x |
| R&D as a share of sales | — | — | 128.2% | 330.7% | 545.3% | 63.3% | 724.9% | 110.9% | — |
| Buybacks as a share of market value | -3.2% | -23.0% | -4.0% | -8.8% | 4.8% | -33.5% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 17.7% | — | 42.0% |
| Net income | 16.3% | — | 40.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.7 | -8.2 | -20.4 | -11.3 | -18.8 | 151.1 | -8.5 | -55.7 | -5.5 |
| Price to sales | — | — | 9.0 | 34.1 | 112.0 | 32.0 | 62.7 | 15.6 | — |
Market value over time
29 Dec 2017 to 23 Oct 2026, in USD
$156.4m$3.45bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | -22% | -5% | -14% | -41% | -51% | 354% | 3% | 9% | -17% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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