E 
48.74
+8.21%
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.
Net income
−$167.8m
FY2019FY2025
Free cash flow
−$144.1m
FY2019FY2025
Shareholders' equity
$522.3m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross profit | −$2.3m | −$2.3m | −$1.7m | −$538,000 | −$272,000 | −$185,000 | −$123,000 |
| Research and development | $151.4m | $127.0m | $90.9m | $16.6m | $32.2m | $14.8m | $8.6m |
| Operating income | −$191.4m | −$158.8m | −$114.4m | −$22.1m | −$43.2m | −$17.2m | −$9.9m |
| Net income | −$167.8m | −$133.8m | −$100.2m | −$15.4m | −$42.1m | −$17.1m | −$9.5m |
| Diluted earnings per share | -1.63 | -1.45 | -1.55 | -0.24 | -0.86 | -0.84 | -0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $552.6m | $486.8m | $340.0m | $367.1m | $285.2m | $131.1m | $24.5m |
| Cash and short-term investments | $530.1m | $470.2m | $318.4m | $351.9m | $280.8m | $129.1m | $23.7m |
| Total liabilities | $30.3m | $27.6m | $21.2m | $20.4m | $10.8m | $164.6m | $41.4m |
| Debt | $1.0m | — | — | — | — | — | — |
| Shareholders' equity | $522.3m | $459.2m | $318.8m | $346.7m | $274.4m | −$33.4m | −$16.9m |
| Shares outstanding | 103m | 92m | 65m | 63m | 49m | 20m | 49m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$143.8m | −$109.0m | −$91.9m | −$52.6m | −$33.5m | −$14.6m | −$9.2m |
| Capital spending | −$256,000 | −$1.3m | −$5.7m | −$5.5m | −$668,000 | −$203,000 | −$180,000 |
| Free cash flow | −$144.1m | −$110.3m | −$97.7m | −$58.2m | −$34.2m | −$14.8m | −$9.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $2.1m | — |
| Gross profit | — | −$590,000 | — | — | −$567,000 | −$554,000 | $1.1m | −$2.3m |
| Operating income | −$61.9m | −$54.1m | −$56.0m | −$46.9m | −$42.6m | −$46.0m | −$45.5m | −$40.4m |
| Net income | −$57.3m | −$49.0m | −$50.2m | −$40.7m | −$36.1m | −$40.8m | −$39.7m | −$34.1m |
| Diluted earnings per share | -0.53 | -0.46 | -0.49 | -0.40 | -0.35 | -0.40 | -0.43 | -0.37 |
| Cash from operations | −$43.0m | −$42.0m | −$38.0m | −$34.0m | −$32.0m | −$37.0m | −$26.0m | −$27.0m |
| Total assets | $479.7m | $518.5m | $552.6m | $583.5m | $613.3m | $454.4m | $486.8m | $511.3m |
| Cash and short-term investments | $460.7m | $499.6m | $530.1m | $563.3m | $594.0m | $436.4m | $470.2m | $492.5m |
| Debt | $1.0m | $1.0m | $1.0m | $1.0m | $1.0m | $1.0m | $996,000 | $992,000 |
| Shareholders' equity | $448.1m | $493.2m | $522.3m | $558.6m | $589.1m | $429.7m | $459.2m | $488.9m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Return on equity | -32.1% | -29.1% | -31.4% | -4.4% | -15.4% | 51.0% |
| Return on assets | -30.4% | -27.5% | -29.5% | -4.2% | -14.8% | -13.0% |
| Free cash flow yield | -3.5% | -2.9% | -3.3% | -1.9% | -1.7% | -1.8% |
| Earnings growth | 25.4% | 33.6% | 550.5% | -63.5% | 147.1% | 79.8% |
| Current ratio | 19.85x | 19.93x | 19.50x | 21.53x | 26.97x | 29.86x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | — | — |
| Equity ratio | 94.5% | 94.3% | 93.8% | 94.4% | 96.2% | -25.5% |
| Interest coverage | — | — | — | -5.50x | -158.88x | -249.16x |
| Buybacks as a share of market value | -11.4% | -42.7% | -2.4% | -28.4% | -142.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 105.4% | 61.9% | — |
| Net income | 121.7% | 58.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -15.2 | -18.4 | -7.1 | -36.7 | -17.9 |
Market value over time
31 Mar 2021 to 22 Oct 2026, in USD
$65.0m$4.31bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -30% | 228% | 21% | -50% | -50% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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