I 
4.15
+2.22%
Close of 9 Nov 2026, in CHF
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CHF, from our data supplier.
Revenue
CHF 221.0m
FY2016FY2025
Net income
−CHF 112.0m
FY2016FY2025
Free cash flow
−CHF 167.0m
FY2016FY2025
Shareholders' equity
−CHF 1.14bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 221.0m | CHF 112.5m | CHF 152.4m | CHF 97.1m | CHF 35.3m | CHF 71.8m | CHF 23.8m | CHF 60.6m | CHF 158.1m | — |
| Research and development | CHF 100.9m | CHF 143.7m | CHF 293.6m | CHF 383.3m | CHF 414.2m | CHF 381.1m | CHF 438.5m | CHF 370.1m | CHF 134.9m | CHF 282.6m |
| Operating income | −CHF 131.0m | −CHF 337.4m | −CHF 273.6m | −CHF 803.0m | −CHF 613.0m | −CHF 439.6m | −CHF 482.4m | −CHF 371.1m | −CHF 7.9m | −CHF 323.5m |
| Net income | −CHF 112.0m | −CHF 263.8m | −CHF 297.9m | −CHF 827.9m | −CHF 634.6m | −CHF 445.1m | −CHF 494.6m | −CHF 386.4m | −CHF 14.3m | −CHF 335.1m |
| Diluted earnings per share | -0.45 | -1.40 | -1.67 | -4.66 | -3.81 | -3.35 | -3.72 | -2.90 | -0.12 | -2.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 465.9m | CHF 505.9m | CHF 500.0m | CHF 904.2m | CHF 1.48bn | CHF 1.44bn | CHF 1.00bn | CHF 1.41bn | CHF 1.29bn | CHF 915.1m |
| Cash and short-term investments | CHF 87.2m | CHF 124.4m | CHF 157.8m | CHF 476.3m | CHF 1.04bn | CHF 1.01bn | CHF 743.1m | CHF 923.7m | CHF 840.8m | CHF 728.0m |
| Total liabilities | CHF 1.60bn | CHF 1.72bn | CHF 1.47bn | CHF 1.57bn | CHF 1.38bn | CHF 849.9m | CHF 839.9m | CHF 749.1m | CHF 552.4m | CHF 407.2m |
| Debt | CHF 1.18bn | CHF 1.16bn | CHF 1.13bn | CHF 1.13bn | CHF 1.09bn | CHF 587.4m | CHF 579.0m | CHF 570.8m | CHF 364.7m | CHF 293.4m |
| Shareholders' equity | −CHF 1.14bn | −CHF 1.21bn | −CHF 968.7m | −CHF 661.0m | CHF 104.2m | CHF 585.5m | CHF 172.4m | CHF 664.7m | CHF 745.4m | CHF 512.3m |
| Shares outstanding | 248m | 188m | 179m | 178m | 167m | 133m | 133m | 133m | 122m | 121m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CHF 153.2m | −CHF 370.2m | −CHF 629.3m | −CHF 859.1m | −CHF 589.9m | −CHF 364.7m | −CHF 462.0m | −CHF 352.8m | CHF 95.5m | −CHF 263.3m |
| Capital spending | −CHF 13.8m | −CHF 3.0m | −CHF 9.4m | −CHF 27.1m | −CHF 30.9m | −CHF 9.3m | −CHF 19.0m | −CHF 14.3m | −CHF 7.7m | −CHF 8.7m |
| Free cash flow | −CHF 167.0m | −CHF 373.2m | −CHF 638.7m | −CHF 886.2m | −CHF 620.8m | −CHF 374.0m | −CHF 481.0m | −CHF 367.1m | CHF 87.8m | −CHF 272.0m |
| Dividends paid | — | — | — | — | −CHF 594.6m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 53.0m | CHF 57.4m | CHF 48.0m | CHF 41.5m | CHF 72.2m | CHF 58.9m | CHF 59.9m | CHF 26.2m |
| Operating income | −CHF 36.4m | −CHF 26.5m | −CHF 55.9m | −CHF 78.3m | −CHF 2.5m | CHF 66.7m | −CHF 78.3m | −CHF 89.6m |
| Net income | −CHF 107.0m | −CHF 45.7m | −CHF 78.0m | −CHF 85.7m | −CHF 11.4m | CHF 63.1m | −CHF 84.0m | −CHF 101.0m |
| Diluted earnings per share | -0.42 | -0.18 | -0.31 | -0.35 | -0.05 | 0.25 | -0.45 | -0.54 |
| Cash from operations | −CHF 34.0m | −CHF 26.0m | −CHF 43.0m | −CHF 20.0m | −CHF 35.0m | −CHF 60.0m | −CHF 11.0m | −CHF 143.0m |
| Capital spending | — | −CHF 1.0m | −CHF 2.0m | — | −CHF 9.0m | — | — | — |
| Free cash flow | — | −CHF 27.0m | −CHF 45.0m | — | −CHF 44.0m | — | — | — |
| Total assets | CHF 463.9m | CHF 480.5m | CHF 465.9m | CHF 454.6m | CHF 498.0m | CHF 456.2m | CHF 505.9m | CHF 512.8m |
| Cash and short-term investments | CHF 88.7m | CHF 94.7m | CHF 87.2m | CHF 71.2m | CHF 82.2m | CHF 64.8m | CHF 124.4m | CHF 103.2m |
| Debt | CHF 1.22bn | CHF 1.23bn | CHF 1.18bn | CHF 1.18bn | CHF 1.21bn | CHF 1.16bn | CHF 1.16bn | CHF 1.14bn |
| Shareholders' equity | −CHF 1.19bn | −CHF 1.18bn | −CHF 1.14bn | −CHF 1.14bn | −CHF 1.14bn | −CHF 1.13bn | −CHF 1.21bn | −CHF 1.13bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 31.5% | 25.2% | — |
| Operating income | -45.4% | -21.5% | — |
| Net income | -48.7% | -24.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.4 | -0.6 | -0.6 | -1.4 | -2.4 | -3.8 | -3.9 | -2.7 | -106.8 |
| Price to sales | 4.8 | 1.4 | 1.2 | 12.2 | 43.6 | 23.5 | 81.9 | 17.4 | 9.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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