I 
32.03
+2.53%
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
$218.7m
FY2017FY2025
Net income
−$113.7m
FY2017FY2025
Free cash flow
−$73.5m
FY2017FY2025
Shareholders' equity
$1.02bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $218.7m | $7.0m | $23.4m | $50.9m | $27.9m | $19.5m | — | — | — |
| Gross profit | $218.7m | $3.2m | $19.4m | $50.9m | $27.9m | $19.5m | −$1.2m | −$886,000 | −$391,000 |
| Research and development | $314.7m | $294.7m | $129.5m | $89.5m | $58.2m | $39.7m | $34.3m | $31.7m | $12.4m |
| Operating income | −$159.3m | −$327.0m | −$134.4m | −$62.5m | −$50.3m | −$35.3m | −$44.3m | −$36.4m | −$14.4m |
| Net income | −$113.7m | −$274.5m | −$113.0m | −$54.8m | −$47.5m | −$32.3m | −$38.4m | −$34.3m | −$11.9m |
| Diluted earnings per share | -1.28 | -3.14 | -1.73 | -1.14 | -1.23 | -1.11 | -1.90 | -2.41 | -11.86 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.11bn | $1.12bn | $649.3m | $388.0m | $381.3m | $298.3m | $113.0m | $96.5m | $17.5m |
| Cash and short-term investments | $639.4m | $676.3m | $525.1m | $364.8m | $246.8m | $283.6m | $99.0m | $90.0m | $13.2m |
| Total liabilities | $86.4m | $64.9m | $28.2m | $38.5m | $79.8m | $100.0m | $12.6m | $145.5m | $33.2m |
| Debt | $339,000 | — | — | — | — | — | — | — | $3.2m |
| Shareholders' equity | $1.02bn | $1.06bn | $621.1m | $349.5m | $301.5m | $198.3m | $100.4m | −$48.9m | −$15.7m |
| Shares outstanding | 89m | 87m | 65m | 48m | 39m | 29m | 20m | 14m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$71.1m | −$247.6m | −$115.2m | −$87.2m | −$55.8m | $55.5m | −$39.3m | −$27.6m | −$12.2m |
| Capital spending | −$2.4m | −$3.9m | −$2.4m | −$3.4m | −$2.6m | −$493,000 | −$1.4m | −$1.7m | −$1.8m |
| Free cash flow | −$73.5m | −$251.4m | −$117.6m | −$90.6m | −$58.4m | $55.0m | −$40.7m | −$29.3m | −$14.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.9m | $6.6m | $10.9m | $207.8m | — | — | $7.0m | — |
| Gross profit | $8.9m | $6.6m | $10.9m | $207.8m | −$74.2m | −$70.9m | $6.4m | −$1.0m |
| Operating income | −$122.3m | −$108.5m | −$94.6m | $108.5m | −$88.8m | −$84.4m | −$144.1m | −$66.9m |
| Net income | −$112.5m | −$98.5m | −$83.3m | $119.2m | −$77.5m | −$71.4m | −$130.3m | −$51.8m |
| Diluted earnings per share | -1.22 | -1.07 | -0.94 | 1.35 | -0.87 | -0.81 | -1.49 | -0.59 |
| Cash from operations | −$163.0m | −$75.0m | −$90.0m | $142.0m | −$62.0m | −$60.0m | −$121.0m | −$49.0m |
| Capital spending | −$1.0m | — | — | — | — | −$1.0m | −$1.0m | — |
| Free cash flow | −$164.0m | — | — | — | — | −$61.0m | −$122.0m | — |
| Total assets | $1.31bn | $1.03bn | $1.11bn | $1.19bn | $1.04bn | $1.10bn | $1.12bn | $1.24bn |
| Cash and short-term investments | $829.0m | $671.2m | $639.4m | $786.9m | $669.7m | $692.5m | $676.3m | $920.0m |
| Debt | $1.2m | $350,000 | $339,000 | $328,000 | $318,000 | $308,000 | $298,000 | — |
| Shareholders' equity | $1.20bn | $937.3m | $1.02bn | $1.09bn | $959.7m | $1.02bn | $1.06bn | $1.18bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | -43.9% | 45.2% | 82.9% | 100.0% | 100.0% | 100.0% |
| Operating margin | -72.8% | -3921.1% | -483.0% | -122.7% | -179.9% | -180.9% |
| Net margin | -52.0% | -3921.1% | -483.0% | -107.6% | -170.1% | -165.1% |
| Return on equity | -11.1% | -25.9% | -18.2% | -15.7% | -15.8% | -16.3% |
| Return on assets | -10.2% | -24.4% | -17.4% | -14.1% | -12.5% | -10.8% |
| Free cash flow yield | -2.2% | -8.6% | -5.0% | -5.0% | -4.0% | 5.5% |
| Revenue growth | 3024.4% | -70.1% | -54.1% | 82.3% | 43.0% | — |
| Earnings growth | -58.6% | 143.0% | 106.1% | 15.3% | 47.3% | -16.1% |
| Current ratio | 11.34x | 14.97x | 19.65x | 11.68x | 5.56x | 7.47x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.01x | 0.01x | 0.01x |
| Equity ratio | 92.2% | 94.2% | 95.7% | 90.1% | 79.1% | 66.5% |
| Interest coverage | — | — | -5.26x | -16.25x | -99.34x | -41.63x |
| R&D as a share of sales | 143.9% | 4209.6% | 553.8% | 175.8% | 208.1% | 203.2% |
| Buybacks as a share of market value | -8.5% | -25.2% | -35.6% | -25.0% | -32.1% | -44.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 62.5% | 62.1% | — |
| Operating income | 36.6% | 35.1% | — |
| Net income | 27.5% | 28.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 98.3% | 97.4% | 97.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -26.9 | -8.2 | -20.6 | -16.0 | -19.1 | -12.7 | -3.9 |
| Price to sales | 14.0 | 320.7 | 99.3 | 17.2 | 32.6 | 20.9 | — |
Market value over time
31 May 2019 to 23 Oct 2026, in USD
$231.2m$3.20bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | 30% | -26% | 105% | -23% | 67% | 45% | -19% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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