I 
21.41
-1.06%
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
$501.0m
FY2020FY2025
Net income
$86.9m
FY2020FY2025
Free cash flow
−$327.6m
FY2020FY2025
Shareholders' equity
$1.82bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | $501.0m | $187.2m | $75.5m | $59.0m | $7.9m | $2.2m |
| Gross profit | $342.0m | $100.1m | $36.1m | — | — | — |
| Operating income | $26.5m | −$27.3m | −$45.4m | $2.1m | −$310,000 | −$1.7m |
| Net income | $86.9m | −$28.9m | −$171.8m | −$419.8m | −$60.4m | −$2.1m |
| Diluted earnings per share | 0.39 | -0.29 | -3.14 | -10.25 | -1.10 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | $2.94bn | $1.15bn | $332.1m | $570.5m | $134.5m | $11.6m |
| Cash and short-term investments | $564.5m | $411.1m | $68.9m | $110.0m | $39.0m | $2.0m |
| Total liabilities | $1.12bn | $55.3m | $26.7m | $133.1m | $183.9m | $2.8m |
| Debt | $962.8m | — | $1.4m | $108.3m | $83.8m | $2.0m |
| Shareholders' equity | $1.82bn | $1.10bn | $305.4m | $437.4m | −$49.5m | $8.8m |
| Shares outstanding | 223m | 100m | 55m | 41m | 55m | 55m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | $245.9m | $52.2m | $5.7m | $21.6m | $1.8m | −$987,000 |
| Capital spending | −$573.5m | −$141.9m | −$116.1m | −$83.7m | −$7.3m | −$4.1m |
| Free cash flow | −$327.6m | −$89.6m | −$110.3m | −$62.1m | −$5.5m | −$5.1m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $184.7m | $240.3m | $178.9m | $148.1m | $119.6m | $54.4m | $57.4m | $54.3m |
| Gross profit | $118.9m | $159.6m | — | — | — | — | — | — |
| Operating income | −$84.7m | −$60.1m | $4.3m | $27.9m | $18.5m | −$39.1m | −$21.2m | $7.0m |
| Net income | −$155.4m | $384.6m | $95.5m | $24.2m | $18.9m | −$51.7m | −$27.1m | $8.6m |
| Diluted earnings per share | -0.52 | 1.06 | 0.36 | 0.11 | 0.09 | -0.27 | -0.18 | 0.08 |
| Total assets | $7.03bn | $4.27bn | $2.94bn | $1.99bn | $1.85bn | $1.28bn | $1.15bn | $723.6m |
| Cash and short-term investments | $3.26bn | $1.03bn | $564.5m | $196.0m | $455.6m | $98.6m | $411.1m | $263.1m |
| Debt | $3.78bn | $964.2m | $962.8m | $1.2m | $1.3m | $2.2m | — | $1.5m |
| Shareholders' equity | $2.51bn | $2.88bn | $1.82bn | $1.43bn | $1.29bn | $1.13bn | $1.10bn | $677.2m |
Financial ratios
Data as of 1 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 68.9% | 68.3% | 43.9% | 28.0% | 87.4% | 71.9% |
| Operating margin | -148.1% | 5.1% | -14.6% | -64.3% | 0.8% | -379.7% |
| Net margin | -99.4% | 17.4% | -15.4% | -227.6% | -711.0% | -764.6% |
| Return on equity | -16.8% | 4.8% | -2.6% | -56.3% | -96.0% | 122.1% |
| Return on assets | -4.4% | 3.0% | -2.5% | -51.7% | -73.6% | -44.9% |
| Free cash flow yield | 43.5% | 13.3% | 6.2% | 4.1% | 14.6% | 0.3% |
| Revenue growth | 41.1% | 167.7% | 147.9% | 27.9% | 895.6% | 293.6% |
| Earnings growth | -908.1% | -400.6% | -83.2% | -59.1% | 825.8% | 2954.9% |
| Current ratio | 3.55x | 4.29x | 8.86x | 3.72x | 1.88x | 0.24x |
| Debt to equity | 1.84x | 0.53x | 0.00x | 0.00x | 0.24x | -1.85x |
| Equity ratio | 26.5% | 61.8% | 95.2% | 92.0% | 76.7% | -36.8% |
| Interest coverage | -17.67x | 2.32x | -278.34x | -3.00x | 0.00x | -2.07x |
| Buybacks as a share of market value | -21.5% | -41.6% | -189.6% | -37.0% | 3.6% | 3.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 104.0% | 196.8% | — |
| Operating income | 132.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 64.2% | — | — | — |
| Operating margin | -0.1% | -5.4% | -5.5% | — |
| Net margin | 8.4% | -64.9% | -71.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 97.0 | -33.8 | -2.3 | -0.1 | -9.4 |
| Price to sales | 16.8 | 5.2 | 5.2 | 0.9 | 71.6 |
Market value over time
30 Nov 2021 to 30 Sept 2026, in USD
$381.1m$14.80bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 195% | 112% | 330% | -88% | -29% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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