D 
81.26
+2.98%
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
−$212.2m
FY2020FY2025
Free cash flow
−$181.3m
FY2020FY2025
Shareholders' equity
$739.8m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross profit | −$281,000 | −$156,000 | −$100,000 | −$300,000 | −$192,000 | −$322,000 |
| Research and development | $170.6m | $96.7m | $69.3m | $33.4m | $25.2m | $28.2m |
| Operating income | −$236.0m | −$129.7m | −$91.1m | −$47.5m | −$33.8m | −$34.0m |
| Net income | −$212.2m | −$109.4m | −$76.4m | −$46.1m | −$36.0m | −$40.8m |
| Diluted earnings per share | -6.01 | -3.65 | -3.24 | -46.09 | -14.08 | -26.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | $806.9m | $496.8m | $368.0m | $200.2m | $92.4m | $8.3m |
| Cash and short-term investments | $791.2m | $489.9m | $360.4m | $194.6m | $88.0m | $4.5m |
| Total liabilities | $67.1m | $53.2m | $22.9m | $23.6m | $156.6m | $30.2m |
| Debt | $29.8m | $28.0m | — | — | $5.4m | — |
| Shareholders' equity | $739.8m | $443.6m | $345.1m | $176.6m | −$64.2m | −$21.9m |
| Shares outstanding | 35m | 30m | 24m | 1m | 3m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −$180.4m | −$93.9m | −$73.5m | −$42.3m | −$27.5m | −$32.7m |
| Capital spending | −$933,000 | −$505,000 | −$89,000 | −$151,000 | −$68,000 | −$22,000 |
| Free cash flow | −$181.3m | −$94.4m | −$73.6m | −$42.4m | −$27.6m | −$32.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | −$19.9m | $7.9m | — | — | — | — |
| Gross profit | — | −$89,000 | −$89,000 | −$87,000 | −$85,000 | −$20,000 | −$9,000 | −$11,000 |
| Operating income | −$65.1m | −$69.5m | −$67.0m | −$67.7m | −$61.4m | −$39.9m | −$34.5m | −$32.9m |
| Net income | −$59.5m | −$63.5m | −$60.5m | −$62.3m | −$55.2m | −$34.1m | −$29.5m | −$26.6m |
| Diluted earnings per share | -1.54 | -1.64 | -1.71 | -1.77 | -1.57 | -0.97 | -0.98 | -0.89 |
| Cash from operations | −$44.0m | −$62.0m | −$43.0m | −$47.0m | −$47.0m | −$41.0m | −$27.0m | −$17.0m |
| Total assets | $735.1m | $750.2m | $806.9m | $630.5m | $665.1m | $709.3m | $496.8m | $495.1m |
| Cash and short-term investments | $717.7m | $730.2m | $791.2m | $615.9m | $650.0m | $694.7m | $489.9m | $487.4m |
| Debt | $59.7m | $29.8m | $29.8m | $29.6m | $29.4m | $29.0m | $28.5m | $76,000 |
| Shareholders' equity | $644.2m | $688.4m | $739.8m | $573.4m | $614.2m | $660.4m | $443.6m | $468.0m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Return on equity | -28.7% | -24.7% | -22.1% | -26.1% | 56.0% | 186.8% |
| Return on assets | -26.3% | -22.0% | -20.8% | -23.0% | -38.9% | -490.9% |
| Free cash flow yield | -6.1% | -3.8% | -3.7% | -50.6% | -12.9% | -25.3% |
| Earnings growth | 94.0% | 43.1% | 65.8% | 28.1% | -11.9% | — |
| Current ratio | 21.94x | 21.17x | 17.06x | 8.79x | 6.74x | 0.20x |
| Debt to equity | 0.04x | 0.06x | 0.00x | 0.00x | -0.09x | -0.99x |
| Equity ratio | 91.7% | 89.3% | 93.8% | 88.2% | -69.5% | -262.8% |
| Interest coverage | -57.73x | -189.56x | — | -64.42x | -15.67x | -4.98x |
| Buybacks as a share of market value | -17.9% | -27.0% | -2256.5% | 60.9% | -64.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 70.7% | 47.3% | — |
| Net income | 66.4% | 39.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -13.2 | -17.4 | -9.8 | -0.2 | -1.1 | -2.3 |
Market value over time
31 Aug 2020 to 28 Oct 2026, in USD
$660.0m$3.22bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 42% | 97% | 267% | -41% | -74% | 0% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 30 Dec 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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