J 
108.18
+7.13%
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
$531.8m
FY2018FY2025
Net income
−$71.8m
FY2018FY2025
Free cash flow
$142.3m
FY2018FY2025
Shareholders' equity
$887.4m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $531.8m | $428.5m | $349.9m | $280.0m | $206.7m | $150.8m | $104.7m | $63.5m |
| Gross profit | $408.4m | $330.2m | $272.8m | $217.8m | $164.9m | $122.4m | $84.7m | $52.8m |
| Research and development | $195.1m | $160.9m | $134.6m | $121.2m | $79.6m | $41.1m | $29.7m | $25.9m |
| Operating income | −$89.9m | −$89.1m | −$75.3m | −$89.8m | −$68.4m | −$14.2m | −$6.9m | −$26.9m |
| Net income | −$71.8m | −$69.2m | −$61.3m | −$90.2m | −$64.2m | −$9.4m | −$5.4m | −$26.0m |
| Diluted earnings per share | -0.60 | -0.62 | -0.58 | -0.90 | -0.66 | -0.10 | -0.07 | -0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.34bn | $1.13bn | $972.6m | $871.2m | $852.5m | $689.2m | $238.0m | $217.1m |
| Cash and short-term investments | $705.1m | $522.0m | $545.0m | $443.2m | $421.1m | $598.1m | $166.5m | $177.9m |
| Total liabilities | $453.9m | $356.4m | $293.4m | $246.4m | $213.9m | $135.3m | $271.5m | $255.8m |
| Debt | $5.8m | — | — | — | — | — | — | — |
| Shareholders' equity | $887.4m | $773.5m | $679.1m | $624.8m | $638.6m | $553.9m | −$33.4m | −$38.7m |
| Shares outstanding | 119m | 112m | 105m | 100m | 97m | 92m | 80m | 80m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $145.7m | $110.9m | $74.2m | $21.4m | $27.9m | $29.5m | $10.0m | $8.6m |
| Capital spending | −$3.5m | −$3.1m | −$2.0m | −$4.6m | −$4.2m | −$3.5m | −$1.8m | −$3.1m |
| Free cash flow | $142.3m | $107.8m | $72.2m | $16.8m | $23.7m | $25.9m | $8.2m | $5.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $163.8m | $154.0m | $145.3m | $136.9m | $127.2m | $122.4m | $116.1m | $109.1m |
| Gross profit | $127.6m | $120.4m | $113.1m | $106.0m | $97.0m | $92.2m | $87.6m | $81.8m |
| Operating income | −$13.2m | −$12.9m | −$19.4m | −$21.6m | −$25.5m | −$23.0m | −$25.4m | −$29.9m |
| Net income | −$4.2m | −$8.3m | −$15.2m | −$16.4m | −$21.7m | −$18.5m | −$23.2m | −$22.9m |
| Diluted earnings per share | -0.03 | -0.07 | -0.13 | -0.14 | -0.18 | -0.16 | -0.21 | -0.20 |
| Cash from operations | $57.0m | $38.0m | $50.0m | $30.0m | $36.0m | $28.0m | $49.0m | $27.0m |
| Capital spending | −$3.0m | −$1.0m | — | −$1.0m | — | — | — | — |
| Free cash flow | $54.0m | $37.0m | — | $29.0m | — | — | — | — |
| Total assets | $1.49bn | $1.37bn | $1.34bn | $1.27bn | $1.21bn | $1.16bn | $1.13bn | $1.08bn |
| Cash and short-term investments | $824.5m | $742.0m | $704.4m | $651.1m | $611.7m | $563.5m | $522.0m | $467.8m |
| Debt | $4.4m | $5.2m | $5.8m | $7.1m | $7.5m | $7.4m | $7.8m | $8.2m |
| Shareholders' equity | $960.7m | $924.0m | $887.4m | $859.4m | $826.5m | $800.0m | $773.5m | $756.2m |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 76.8% | 77.1% | 78.0% | 77.8% | 79.8% | 81.1% | — |
| Operating margin | -12.4% | -15.4% | -15.6% | -30.3% | -32.7% | -9.4% | — |
| Net margin | -13.5% | -16.2% | -17.5% | -32.2% | -31.1% | -6.2% | — |
| Return on equity | -8.1% | -9.0% | -9.0% | -14.4% | -10.1% | -1.7% | — |
| Return on assets | -5.4% | -6.1% | -6.3% | -10.4% | -7.5% | -1.4% | — |
| Free cash flow yield | 1.3% | 1.0% | 0.7% | 0.3% | 0.3% | 0.4% | — |
| Revenue growth | 24.1% | 22.5% | 24.9% | 35.5% | 37.0% | 44.0% | — |
| Earnings growth | 3.7% | 13.0% | -32.1% | 40.5% | 582.6% | 74.4% | — |
| Current ratio | 2.09x | 2.04x | 2.46x | 2.54x | 2.85x | 5.32x | — |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | — | — |
| Equity ratio | 66.2% | 68.5% | 69.8% | 71.7% | 74.9% | 80.4% | — |
| Interest coverage | — | — | — | -16.64x | -90.89x | -6.94x | -2.19x |
| R&D as a share of sales | 36.7% | 37.5% | 38.5% | 43.3% | 38.5% | 27.3% | — |
| Buybacks as a share of market value | -6.1% | -6.3% | -4.8% | -3.6% | -6.0% | -14.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.8% | 28.7% | — |
| Operating income | 0.0% | 44.7% | — |
| Net income | -7.3% | 50.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 76.9% | 77.3% | 77.9% | — |
| Operating margin | -18.6% | -21.6% | -21.9% | — |
| Net margin | -14.7% | -18.4% | -18.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -103.3 | -47.6 | -59.5 | -23.8 | -44.9 | -611.6 |
| Price to sales | 13.9 | 7.7 | 10.4 | 7.7 | 13.9 | 38.1 |
Market value over time
30 Sept 2020 to 12 Oct 2026, in USD
$3.22bn$12.06bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 116% | -6% | 50% | -25% | -58% | 5% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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