F 
24.31
+17.10%
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
$159.9m
FY2014FY2025
Net income
−$298.3m
FY2014FY2025
Free cash flow
−$237.8m
FY2014FY2025
Shareholders' equity
$1.19bn
FY2014FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $159.9m | $60.8m | $55.2m | $334.4m | $572.3m | $418.4m | $352.8m | $344.5m | $461.2m | $422.0m |
| Gross profit | $24.9m | −$11.4m | $26.6m | — | — | — | — | — | — | — |
| Research and development | $200.1m | $149.5m | $117.9m | — | — | — | — | — | — | — |
| Operating income | −$313.9m | −$210.8m | −$131.5m | $163.3m | $393.1m | $240.6m | $186.3m | $191.7m | $260.2m | $206.9m |
| Net income | −$298.3m | −$231.1m | −$135.5m | −$67.4m | $225.9m | $85.7m | $2.6m | −$29.1m | $22.8m | $60.2m |
| Diluted earnings per share | -1.92 | -1.61 | -11.29 | -2.20 | 7.13 | 2.88 | 0.09 | -0.88 | 0.55 | 1.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.82bn | $407.3m | $321.2m | $3.17bn | $3.67bn | $4.23bn | $3.60bn | $3.45bn | $3.42bn | $4.22bn |
| Cash and short-term investments | $893.0m | $123.4m | $81.9m | $132.1m | $285.6m | $180.2m | $329.1m | $518.0m | $276.0m | $337.6m |
| Total liabilities | $635.0m | $1.17bn | $825.7m | $2.38bn | $2.79bn | $3.52bn | $3.05bn | $2.85bn | $2.77bn | $3.46bn |
| Debt | $290.8m | $150.8m | $99.5m | $1.94bn | $2.31bn | $3.00bn | $2.65bn | $2.52bn | $2.39bn | $3.02bn |
| Shareholders' equity | $1.19bn | −$767.6m | −$504.5m | $789.0m | $878.3m | $702.1m | $543.7m | $593.2m | $657.0m | $756.3m |
| Shares outstanding | 156m | 143m | 12m | 31m | 32m | 30m | 30m | 33m | 41m | 42m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$204.9m | −$157.7m | −$93.4m | $110.2m | $272.2m | $241.1m | $179.1m | $152.8m | $218.5m | $227.2m |
| Capital spending | −$32.8m | −$32.7m | −$77.2m | −$74.9m | −$320.0m | −$934.5m | −$434.1m | −$552.2m | −$567.5m | −$915.5m |
| Free cash flow | −$237.8m | −$190.3m | −$170.7m | $35.3m | −$47.8m | −$693.4m | −$255.0m | −$399.4m | −$349.0m | −$688.3m |
| Dividends paid | −$5.0m | — | — | — | — | — | — | — | −$41.4m | −$41.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $117.7m | $80.9m | $57.7m | $30.8m | $15.5m | $55.9m | $9.0m | $22.4m |
| Gross profit | $23.9m | $10.3m | $12.7m | $8.5m | $4.0m | $2.2m | −$14.1m | $11.3m |
| Operating income | −$95.2m | −$95.7m | −$81.0m | −$62.2m | −$58.5m | −$54.9m | −$77.9m | −$34.1m |
| Net income | −$92.3m | −$96.7m | −$41.1m | −$133.4m | −$63.8m | −$60.1m | −$84.1m | −$40.8m |
| Diluted earnings per share | -0.57 | -0.60 | -0.26 | -0.86 | -0.41 | -0.39 | -0.59 | -0.28 |
| Cash from operations | −$81.0m | −$62.0m | −$67.0m | −$53.0m | −$28.0m | −$56.0m | −$40.0m | −$36.0m |
| Capital spending | −$24.0m | −$16.0m | −$12.0m | −$8.0m | −$9.0m | −$2.0m | −$2.0m | −$8.0m |
| Free cash flow | −$105.0m | −$78.0m | −$79.0m | −$61.0m | −$37.0m | −$58.0m | −$42.0m | −$44.0m |
| Total assets | $1.64bn | $1.49bn | $1.82bn | $1.26bn | $466.8m | $439.2m | $407.3m | — |
| Cash and short-term investments | $635.3m | $551.6m | $893.0m | $996.0m | $205.3m | $176.9m | — | — |
| Debt | $11.5m | $29.9m | $290.8m | $31.7m | $149.8m | $149.1m | $141.6m | — |
| Shareholders' equity | $1.22bn | $1.10bn | $1.19bn | $948.8m | −$918.0m | −$838.7m | −$767.6m | — |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Gross margin | 15.6% | -18.7% | 48.2% |
| Operating margin | -196.4% | -346.7% | -238.1% |
| Net margin | -186.6% | -380.2% | -245.2% |
| Return on equity | -25.1% | 30.1% | 26.9% |
| Return on assets | -16.3% | -56.7% | -42.2% |
| Free cash flow yield | -7.2% | -6.0% | -42.7% |
| Revenue growth | 163.0% | 10.1% | — |
| Earnings growth | 29.1% | 70.6% | — |
| Current ratio | 4.51x | 1.01x | 1.10x |
| Debt to equity | 0.24x | -0.20x | -0.20x |
| Equity ratio | 65.2% | -188.5% | -157.1% |
| Interest coverage | -14.56x | -10.35x | -33.18x |
| R&D as a share of sales | 125.2% | 245.9% | 213.4% |
| Buybacks as a share of market value | -8.7% | -1092.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.8% | -17.5% | -7.8% |
| Net income | 64.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.1% | — | — | — |
| Operating margin | -237.8% | -80.8% | 8.8% | 32.5% |
| Net margin | -240.0% | -120.0% | -26.3% | -8.8% |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | -11.7 |
| Price to sales | 21.8 |
Market value over time
29 Aug 2025 to 23 Oct 2026, in USD
$6.38bn$2.95bn
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | -67% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Oct 2015.
| FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 1.00 | 0.88 | 0.84 | 0.80 | 0.80 | 0.80 | 2.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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