I 
7.11
-17.71%
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
$113.3m
FY2016FY2025
Net income
−$351.4m
FY2016FY2025
Free cash flow
−$308.8m
FY2016FY2025
Shareholders' equity
−$499.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $113.3m | $14.7m | $622,000 | $240,000 | $934,000 | $605,000 | $43,000 | $47,000 | $45,000 | $44,000 |
| Research and development | $207.9m | $190.1m | $232.4m | $248.1m | $196.0m | $139.5m | $48.9m | $53.4m | $39.8m | $26.5m |
| Operating income | −$241.8m | −$282.0m | −$460.3m | −$370.1m | −$335.8m | −$217.0m | −$66.9m | −$98.4m | −$99.1m | −$124.5m |
| Net income | −$351.4m | −$413.6m | −$583.2m | −$416.6m | −$346.8m | −$221.9m | −$65.8m | −$96.2m | −$96.4m | −$120.8m |
| Diluted earnings per share | -0.36 | -0.56 | -0.99 | -1.03 | -0.87 | -0.58 | -0.20 | -0.30 | -0.30 | -0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $501.9m | $382.9m | $504.5m | $362.4m | $468.9m | $221.4m | $143.1m | $181.9m | $250.4m | $317.5m |
| Cash and short-term investments | $242.8m | $149.8m | $266.5m | $107.2m | $317.1m | $96.1m | $51.7m | $74.1m | $128.2m | $198.9m |
| Total liabilities | $1.00bn | $871.1m | $1.09bn | $812.2m | $712.8m | $339.9m | $22.4m | $35.9m | $31.6m | $24.1m |
| Debt | $486.4m | $747.5m | $838.4m | $674.7m | $605.6m | $270.6m | $800,000 | $6.9m | $2.0m | $2.0m |
| Shareholders' equity | −$499.6m | −$489.1m | −$587.0m | −$447.3m | −$242.2m | −$119.8m | $120.7m | $146.0m | $218.8m | $293.4m |
| Shares outstanding | 990m | 735m | 591m | 404m | 397m | 383m | 332m | 325m | 316m | 329m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$304.9m | −$391.2m | −$366.8m | −$337.5m | −$274.4m | −$171.7m | −$152.1m | −$63.4m | −$48.8m | −$38.6m |
| Capital spending | −$3.8m | −$6.9m | −$30.6m | −$78.2m | −$33.6m | −$1.7m | −$4.3m | −$13.1m | −$34.8m | −$6.6m |
| Free cash flow | −$308.8m | −$398.1m | −$397.3m | −$415.7m | −$308.0m | −$173.4m | −$156.4m | −$76.5m | −$83.6m | −$45.2m |
| Dividends paid | — | — | — | −$616,000 | −$334.4m | −$4.4m | −$2.3m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $51.2m | $44.2m | $38.3m | $32.1m | $26.4m | $16.5m | $7.6m | $6.1m |
| Operating income | −$61.7m | −$69.8m | −$64.7m | −$40.5m | −$64.2m | −$64.4m | −$69.4m | −$46.1m |
| Net income | −$230.4m | −$632.8m | −$61.9m | −$67.3m | −$92.6m | −$129.6m | −$59.2m | −$85.7m |
| Diluted earnings per share | -0.22 | -0.60 | -0.06 | -0.07 | -0.09 | -0.13 | -0.08 | -0.12 |
| Cash from operations | −$141.0m | −$75.0m | −$70.0m | −$68.0m | −$79.0m | −$85.0m | −$85.0m | −$98.0m |
| Capital spending | −$5.0m | −$1.0m | −$1.0m | — | −$1.0m | −$1.0m | −$2.0m | −$2.0m |
| Free cash flow | −$146.0m | −$76.0m | −$71.0m | — | −$80.0m | −$86.0m | −$87.0m | −$100.0m |
| Total assets | $628.5m | $646.6m | $501.9m | $519.0m | $402.1m | $303.8m | $382.9m | $364.6m |
| Cash and short-term investments | $357.4m | $380.9m | $242.8m | $257.8m | $153.7m | $61.6m | $149.8m | $130.4m |
| Debt | $781.9m | $686.9m | $486.4m | $508.1m | $499.5m | $493.2m | $469.3m | $706.2m |
| Shareholders' equity | −$1.05bn | −$870.0m | −$499.6m | −$524.3m | −$570.7m | −$591.4m | −$489.1m | −$745.1m |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -211.0% | -1912.4% | -79931.7% | -154225.4% | -35866.2% | -35861.0% |
| Net margin | -310.2% | -2804.8% | -93761.4% | -173569.6% | -37129.6% | -36669.6% |
| Return on equity | 70.3% | 84.6% | 99.4% | 93.1% | 143.2% | 185.2% |
| Return on assets | -70.0% | -108.0% | -115.6% | -115.0% | -74.0% | -100.2% |
| Free cash flow yield | -3.0% | -5.2% | -5.6% | -6.3% | -6.0% | -4.4% |
| Revenue growth | 668.3% | 2270.6% | 159.2% | -74.3% | 54.4% | 1307.0% |
| Earnings growth | -15.0% | -29.1% | 40.0% | 20.1% | 56.3% | 237.2% |
| Current ratio | 5.10x | 3.36x | 5.05x | 0.28x | 0.91x | 1.64x |
| Debt to equity | -0.97x | -0.96x | -1.17x | -1.51x | -2.51x | -2.16x |
| Equity ratio | -99.5% | -127.7% | -116.4% | -123.4% | -51.6% | -54.1% |
| Interest coverage | -2.12x | -2.14x | -5.73x | -7.85x | -22.56x | -23.91x |
| R&D as a share of sales | 183.5% | 1289.5% | 37357.9% | 103395.4% | 20980.5% | 23059.0% |
| Buybacks as a share of market value | -34.7% | -24.3% | -46.4% | -1.6% | -3.6% | -15.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 678.6% | 184.8% | 85.4% |
| Operating income | -13.2% | 2.2% | 0.1% |
| Net income | -5.5% | 9.6% | 4.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -409.1% | -1050.6% | -1462.0% | -1937.1% |
| Net margin | -597.5% | -1369.1% | -1788.9% | -2254.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.6 | -4.5 | -5.1 | -2.2 | -3.1 | -10.3 | -8.6 | -1.8 | -6.6 | -7.0 |
| Price to sales | 17.3 | 127.5 | — | — | — | — | — | — | — | — |
Market value over time
30 Nov 2016 to 12 Oct 2026, in USD
$536.3m$10.63bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -21% | -38% | 66% | -12% | -60% | 387% | 191% | -79% | -13% | -62% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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