I 
35.15
+15.13%
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.
Net income
−$505.6m
FY2018FY2026
Free cash flow
−$407.3m
FY2018FY2026
Shareholders' equity
$852.6m
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −$409,000 | −$377,000 | −$231,000 | −$1.3m | −$1.2m | −$998,000 | −$21,000 | — | — |
| Research and development | $456.7m | $360.9m | $212.9m | $160.3m | $101.8m | $68.6m | $47.9m | $25.7m | $135.3m |
| Operating income | −$532.9m | −$438.2m | −$270.2m | −$208.3m | −$156.8m | −$108.1m | −$65.7m | −$450 | −$136.7m |
| Net income | −$505.6m | −$413.8m | −$259.3m | −$211.0m | −$156.7m | −$107.4m | −$66.4m | −$450 | −$136.7m |
| Diluted earnings per share | -2.46 | -2.28 | -1.77 | -1.46 | -1.22 | -0.93 | -0.68 | -0.00 | -3.72 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $957.6m | $776.2m | $666.7m | $405.8m | $515.6m | $412.5m | $109.4m | $405,000 | $113,170 |
| Cash and short-term investments | $902.1m | $714.0m | $635.4m | $376.5m | $493.8m | $400.1m | $100.6m | $325,000 | — |
| Total liabilities | $105.0m | $68.8m | $49.0m | $43.3m | $45.7m | $21.0m | $15.3m | $380,448 | $1.6m |
| Debt | $72,000 | — | — | — | — | — | — | $300,000 | — |
| Shareholders' equity | $852.6m | $707.4m | $617.8m | $362.5m | $469.8m | $391.5m | $94.1m | $24,552 | −$1.5m |
| Shares outstanding | 206m | 182m | 147m | 145m | 129m | 115m | 98m | 41m | 37m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$407.3m | −$375.9m | −$214.2m | −$188.2m | −$106.1m | −$83.3m | −$53.4m | −$28.5m | −$128.3m |
| Capital spending | −$8,000 | −$759,000 | −$360,000 | −$197,000 | −$254,000 | −$210,000 | −$31,000 | −$52,000 | −$52,000 |
| Free cash flow | −$407.3m | −$376.6m | −$214.6m | −$188.4m | −$106.4m | −$83.5m | −$53.4m | −$28.6m | −$128.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.1m | — | — | — | — | $160,000 | — | — |
| Gross profit | $7.1m | — | −$101,000 | −$105,000 | −$107,000 | $80,000 | −$99,000 | −$89,000 |
| Operating income | −$153.2m | −$159.6m | −$114.4m | −$131.8m | −$127.2m | −$113.8m | −$114.3m | −$115.7m |
| Net income | −$153.2m | −$147.9m | −$110.6m | −$126.5m | −$120.6m | −$106.4m | −$111.1m | −$109.1m |
| Diluted earnings per share | -0.75 | -0.72 | -0.61 | -0.70 | -0.66 | -0.59 | -0.76 | -0.74 |
| Cash from operations | −$124.0m | −$95.0m | −$92.0m | −$102.0m | −$117.0m | −$110.0m | −$100.0m | −$88.0m |
| Total assets | $852.5m | $957.0m | $1.05bn | $583.0m | $661.4m | $776.2m | $420.9m | $515.7m |
| Cash and short-term investments | $797.8m | $902.1m | $994.5m | $521.9m | $598.9m | $714.0m | $374.7m | $472.9m |
| Debt | — | $72,000 | — | — | — | $98,000 | $23,000 | $47,000 |
| Shareholders' equity | $735.4m | $852.6m | $986.1m | $519.7m | $608.5m | $707.4m | $352.6m | $449.1m |
Financial ratios
Data as of 15 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Return on equity | -59.3% | -58.5% | -42.0% | -58.2% | -33.4% | -27.4% | — |
| Return on assets | -52.8% | -53.3% | -38.9% | -52.0% | -30.4% | -26.0% | — |
| Free cash flow yield | -7.1% | -7.4% | -5.2% | -4.7% | -3.0% | -2.6% | — |
| Earnings growth | 22.2% | 59.6% | 22.9% | 34.6% | 45.9% | 61.8% | — |
| Current ratio | 9.09x | 11.16x | 13.70x | 9.34x | 11.52x | 21.79x | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | — |
| Equity ratio | 89.0% | 91.1% | 92.7% | 89.3% | 91.1% | 94.9% | — |
| Interest coverage | — | — | -5.19x | -15.90x | -239.41x | — | -105.07x |
| Buybacks as a share of market value | -13.2% | -23.5% | -1.7% | -12.4% | -11.8% | -17.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 36.8% | 37.6% | — |
| Net income | 33.8% | 36.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.2 | -11.2 | -14.0 | -28.9 | -14.6 | -9.1 | -24.5 | -519742.5 |
Market value over time
28 Jun 2019 to 14 Oct 2026, in USD
$29.4m$5.73bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | -0% | -37% | 167% | 98% | -54% | 199% | 60% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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