D 
18.62
+3.04%
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
−$446.2m
FY2016FY2025
Free cash flow
−$405.1m
FY2016FY2025
Shareholders' equity
$972.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | $506.0m | $1.37bn |
| Research and development | $398.3m | $281.4m | $210.8m | $142.8m | $121.3m | $45.2m | $11.0m | $4.3m | — | — |
| Operating income | −$468.2m | −$343.9m | −$242.2m | −$171.0m | −$150.0m | −$59.1m | −$13.8m | −$4.8m | −$412.0m | −$640.0m |
| Net income | −$446.2m | −$317.4m | −$235.9m | −$165.2m | −$149.3m | −$58.7m | −$13.5m | −$4.8m | $76.0m | −$1.24bn |
| Diluted earnings per share | -3.47 | -3.11 | -3.84 | -3.15 | -2.90 | -1.30 | -1.06 | -0.47 | 0.47 | -9.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.19bn | $691.2m | $165.1m | $306.3m | $425.7m | $353.3m | $16.4m | $8.3m | $11.77bn | $13.05bn |
| Cash and short-term investments | $1.11bn | $642.3m | $123.1m | $256.0m | $376.6m | $345.3m | $14.6m | $8.1m | $397.0m | $1.91bn |
| Total liabilities | $214.8m | $61.4m | $73.8m | $54.0m | $57.5m | $11.0m | $2.4m | $13.1m | $9.87bn | $11.01bn |
| Debt | $153.9m | — | — | — | — | — | — | — | $105.0m | $201.0m |
| Shareholders' equity | $972.1m | $629.8m | $91.3m | $252.4m | $368.2m | $342.4m | $14.0m | −$4.9m | $1.90bn | $2.04bn |
| Shares outstanding | 128m | 102m | 61m | 52m | 52m | 45m | 13m | 10m | 162m | 129m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$403.2m | −$292.4m | −$188.2m | −$153.6m | −$119.6m | −$46.5m | −$11.8m | −$4.2m | $585.0m | $676.0m |
| Capital spending | −$1.9m | −$2.4m | −$729,000 | −$3.1m | −$3.6m | −$1.2m | −$1.6m | −$134,000 | −$224.0m | −$326.0m |
| Free cash flow | −$405.1m | −$294.7m | −$188.9m | −$156.7m | −$123.2m | −$47.7m | −$13.5m | −$4.3m | $361.0m | $350.0m |
| Dividends paid | — | — | — | — | — | — | — | — | −$22.0m | −$22.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $1.6m | — |
| Operating income | −$181.7m | −$125.3m | −$116.1m | −$113.9m | −$115.8m | −$122.4m | −$97.1m | −$105.7m |
| Net income | −$178.6m | −$120.9m | −$112.0m | −$108.0m | −$110.9m | −$115.4m | −$89.5m | −$97.1m |
| Diluted earnings per share | -1.08 | -0.73 | -0.87 | -0.84 | -0.86 | -0.90 | -0.88 | -0.95 |
| Cash from operations | −$130.0m | −$144.0m | −$111.0m | −$90.0m | −$94.0m | −$105.0m | −$84.0m | −$74.0m |
| Capital spending | −$1.0m | — | — | −$19.0m | — | — | −$1.0m | — |
| Free cash flow | −$131.0m | — | — | −$109.0m | — | — | −$85.0m | — |
| Total assets | $994.0m | $1.08bn | $1.19bn | $867.1m | $729.0m | $721.1m | $691.2m | $768.8m |
| Cash and short-term investments | $898.5m | $972.2m | $1.11bn | $791.9m | $683.9m | $677.5m | $642.3m | $723.7m |
| Debt | $204.7m | $154.4m | $153.9m | $104.2m | $103.8m | $5.1m | $4.8m | $4.8m |
| Shareholders' equity | $702.2m | $865.1m | $972.1m | $691.8m | $571.4m | $669.0m | $629.8m | $705.5m |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 16.2% | -48.3% | 14.5% | — | -10566.7% | 2900.0% | -121.1% |
| Net margin | — | — | — | — | — | — | — | — | 15.0% | -90.8% | 5.9% | -4.6% | -11866.7% | 2900.0% | — |
| Return on equity | -45.9% | -50.4% | -258.4% | -65.5% | -40.5% | -17.2% | — | — | — | — | — | — | — | — | — |
| Return on assets | -37.6% | -45.9% | -142.9% | -53.9% | -35.1% | -16.6% | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | -19.9% | -18.1% | -19.4% | -18.3% | -14.3% | -6.4% | — | — | — | — | — | — | — | — | — |
| Revenue growth | — | — | — | — | — | — | — | — | -63.0% | 62.2% | -42.6% | 48766.7% | 0.0% | -99.8% | — |
| Earnings growth | 40.6% | 34.5% | 42.8% | 10.7% | 154.2% | 333.9% | — | — | — | — | — | — | — | — | — |
| Current ratio | 22.25x | 15.60x | 2.53x | 9.46x | 13.31x | 31.83x | — | — | — | — | — | — | — | — | — |
| Debt to equity | 0.16x | 0.01x | 0.05x | 0.02x | 0.01x | — | — | — | 0.06x | — | — | — | — | — | — |
| Equity ratio | 81.9% | 91.1% | 55.3% | 82.4% | 86.5% | 96.9% | — | — | — | — | — | — | — | — | — |
| Interest coverage | -71.06x | — | — | -58.61x | -201.20x | -148.10x | -51.24x | -962.20x | — | — | — | — | — | — | — |
| Buybacks as a share of market value | -25.9% | -66.1% | -17.0% | -1.8% | -14.4% | -251.5% | — | — | — | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 39.9% | 51.3% | — |
| Net income | 39.3% | 50.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -5.6 | -7.6 | -3.5 | -3.7 | -4.1 | -16.1 |
Market value over time
30 Sept 2020 to 26 Oct 2026, in USD
$141.3m$2.60bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -24% | 95% | -6% | 9% | -42% | -12% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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