G 
3,661.00
+3.80%
Close of 9 Nov 2026, in DKK
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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
$592.6m
FY2016FY2025
Net income
$153.4m
FY2016FY2025
Free cash flow
$183.0m
FY2016FY2025
Shareholders' equity
$895.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $592.6m | $3.30bn | $2.53bn | $2.23bn | $1.30bn | $1.55bn | $823.8m | $464.4m | $363.1m | $278.8m |
| Gross profit | $543.3m | $3.15bn | $2.49bn | $2.23bn | $1.30bn | $1.55bn | $823.8m | $464.4m | $363.1m | $278.8m |
| Research and development | $248.3m | $1.50bn | $1.17bn | $853.9m | $641.9m | $481.6m | $366.3m | $219.7m | $134.2m | $101.5m |
| Operating income | $199.1m | $1.08bn | $816.9m | $968.0m | $453.4m | $969.2m | $405.0m | $211.9m | $206.4m | $161.6m |
| Net income | $153.4m | $1.20bn | $668.1m | $837.0m | $454.0m | $730.5m | $332.5m | $226.0m | $169.4m | $182.2m |
| Diluted earnings per share | 2.28 | 18.83 | 10.10 | 12.65 | 6.94 | 11.20 | 5.19 | 3.68 | 2.68 | 3.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.97bn | $7.03bn | $5.42bn | $4.62bn | $3.78bn | $3.25bn | $2.32bn | $1.30bn | $1.01bn | $804.2m |
| Cash and short-term investments | $262.7m | $3.24bn | $4.32bn | $3.43bn | $2.97bn | $2.47bn | $1.68bn | $937.4m | $832.5m | $602.1m |
| Total liabilities | $1.08bn | $1.40bn | $564.8m | $435.5m | $373.2m | $310.4m | $168.3m | $68.6m | $50.8m | $63.2m |
| Debt | $851.7m | $158.0m | $118.2m | $91.7m | $65.2m | $49.0m | $27.8m | — | — | $9.5m |
| Shareholders' equity | $895.7m | $5.63bn | $4.85bn | $4.19bn | $3.41bn | $2.94bn | $2.16bn | $1.23bn | $962.9m | $741.0m |
| Shares outstanding | 67m | 64m | 66m | 66m | 65m | 65m | 64m | 61m | 63m | 60m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $188.9m | $1.19bn | $1.13bn | $600.6m | $342.0m | $987.6m | $203.6m | $155.8m | $243.9m | $50.3m |
| Capital spending | −$5.9m | −$28.7m | −$57.7m | −$48.7m | −$38.7m | −$47.1m | −$17.0m | −$73.3m | −$13.6m | −$5.1m |
| Free cash flow | $183.0m | $1.16bn | $1.08bn | $551.9m | $303.4m | $940.5m | $186.5m | $82.5m | $230.4m | $45.2m |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 91.7% | 95.4% | 98.6% | 100.0% | 100.0% | 100.0% |
| Operating margin | 33.6% | 32.5% | 32.3% | 43.5% | 34.8% | 62.4% |
| Net margin | 25.9% | 36.4% | 26.4% | 37.6% | 34.9% | 47.1% |
| Return on equity | 17.1% | 21.4% | 13.8% | 20.0% | 13.3% | 24.9% |
| Return on assets | 7.8% | 17.1% | 12.3% | 18.1% | 12.0% | 22.5% |
| Free cash flow yield | 0.8% | 5.4% | 5.1% | 2.8% | 1.6% | 4.5% |
| Revenue growth | -82.1% | 30.7% | 13.6% | 71.0% | -16.1% | 88.4% |
| Earnings growth | -87.3% | 80.2% | -20.2% | 84.4% | -37.9% | 119.7% |
| Current ratio | 2.02x | 5.25x | 13.34x | 15.48x | 14.50x | 15.00x |
| Debt to equity | 0.91x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 45.4% | 80.1% | 89.6% | 90.6% | 90.1% | 90.4% |
| Interest coverage | 20.49x | 58.36x | 197.07x | 300.24x | 227.15x | 631.30x |
| R&D as a share of sales | 41.9% | 45.3% | 46.3% | 38.3% | 49.3% | 31.0% |
| Buybacks as a share of market value | -5.2% | 3.3% | 0.0% | -1.2% | -0.3% | -1.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -35.7% | -17.5% | 13.0% |
| Operating income | -41.0% | -27.1% | 5.9% |
| Net income | -43.2% | -26.8% | 2.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 94.9% | 97.3% | 98.0% | 98.3% |
| Operating margin | 32.7% | 35.4% | 38.9% | 41.0% |
| Net margin | 34.8% | 33.1% | 35.2% | 37.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 141.0 | 12.6 | 33.9 | 36.9 | 60.1 | 34.9 | 45.3 | 46.0 | 60.8 | 61.3 |
| Price to sales | 36.5 | 4.6 | 8.9 | 13.9 | 20.9 | 16.4 | 18.3 | 22.4 | 28.4 | 40.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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