K 
107.10
+7.85%
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
−$230.0m
FY2016FY2025
Free cash flow
−$136.5m
FY2016FY2025
Shareholders' equity
$157.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | −$26.7m | −$25.9m | −$11.0m | −$8.7m | −$4.2m | −$911,000 | −$490,000 | −$549,000 | −$257,000 |
| Research and development | $182.4m | $126.1m | $206.3m | $267.6m | $217.3m | $107.4m | $37.5m | $18.8m | $22.0m | $14.1m |
| Operating income | −$234.4m | −$186.8m | −$277.3m | −$341.4m | −$267.1m | −$136.0m | −$49.2m | −$35.9m | −$26.8m | −$17.2m |
| Net income | −$230.0m | −$176.2m | −$260.5m | −$333.8m | −$267.0m | −$133.1m | −$47.4m | −$41.4m | −$27.9m | −$17.1m |
| Diluted earnings per share | -4.32 | -3.35 | -4.96 | -6.38 | -5.14 | -2.77 | -1.20 | -1.14 | -1.05 | -2.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $351.5m | $335.6m | $479.4m | $666.6m | $904.2m | $1.07bn | $358.9m | $92.2m | $3.2m | $12.1m |
| Cash and short-term investments | $209.9m | $168.1m | $285.5m | $478.9m | $731.5m | $969.0m | $336.5m | $88.3m | $1.4m | $9.6m |
| Total liabilities | $194.2m | $185.3m | $213.6m | $230.5m | $240.9m | $206.6m | $13.5m | $5.4m | $72.0m | $53.2m |
| Debt | $12.1m | — | — | — | — | — | — | — | $12.4m | $200,000 |
| Shareholders' equity | $157.4m | $150.3m | $265.8m | $436.2m | $663.3m | $860.8m | $345.4m | $86.8m | −$68.7m | −$41.1m |
| Shares outstanding | 53m | 53m | 52m | 52m | 52m | 48m | 40m | 36m | 27m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$136.0m | −$117.3m | −$154.2m | −$206.5m | −$182.3m | −$83.4m | −$39.1m | −$29.0m | −$17.7m | −$16.0m |
| Capital spending | −$506,000 | −$400,000 | −$41.4m | −$47.4m | −$63.3m | −$7.0m | −$437,000 | −$581,000 | −$209,000 | −$771,000 |
| Free cash flow | −$136.5m | −$117.7m | −$195.6m | −$253.8m | −$245.6m | −$90.4m | −$39.6m | −$29.6m | −$17.9m | −$16.8m |
| Dividends paid | — | — | — | −$7.9m | −$10.0m | −$6.2m | −$2.3m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $26.7m | — |
| Gross profit | — | −$6.3m | $19.8m | −$6.5m | −$6.5m | −$6.7m | −$6.7m | −$6.7m |
| Operating income | −$66.8m | −$59.8m | −$57.5m | −$62.4m | −$55.5m | −$59.1m | −$46.2m | −$46.6m |
| Net income | −$65.6m | −$58.2m | −$56.7m | −$61.5m | −$54.3m | −$57.5m | −$44.1m | −$43.9m |
| Diluted earnings per share | -1.05 | -0.93 | -1.07 | -1.16 | -1.02 | -1.08 | -0.84 | -0.83 |
| Cash from operations | −$46.0m | −$40.0m | −$39.0m | −$32.0m | −$34.0m | −$29.0m | −$30.0m | −$21.0m |
| Total assets | $256.8m | $306.0m | $351.5m | $218.1m | $256.7m | $297.9m | $335.6m | $372.7m |
| Cash and short-term investments | $125.9m | $169.5m | $209.9m | $72.0m | $104.2m | $138.9m | $168.1m | $197.9m |
| Debt | $9.8m | $11.7m | $12.1m | $11.8m | $11.3m | $10.9m | $10.6m | $10.2m |
| Shareholders' equity | $61.1m | $112.1m | $157.4m | $23.7m | $70.3m | $108.8m | $150.3m | $185.4m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Return on equity | -146.1% | -117.2% | -98.0% | -76.5% | -40.3% | -15.5% | — | — |
| Return on assets | -65.4% | -52.5% | -54.3% | -50.1% | -29.5% | -12.5% | — | — |
| Free cash flow yield | -2.6% | -2.3% | -2.2% | -3.1% | -2.3% | -1.6% | — | — |
| Earnings growth | 30.5% | -32.4% | -22.0% | 25.0% | 100.6% | 181.0% | — | — |
| Current ratio | 4.72x | 6.72x | 6.93x | 9.26x | 11.36x | 30.93x | — | — |
| Debt to equity | 0.08x | 0.07x | 0.04x | 0.02x | 0.01x | 0.00x | — | — |
| Equity ratio | 44.8% | 44.8% | 55.4% | 65.4% | 73.4% | 80.6% | — | — |
| Interest coverage | — | — | -20036.77x | -18544.72x | -12134.91x | -5322.84x | -5919.63x | -6.51x |
| Buybacks as a share of market value | -1.1% | -0.3% | -0.3% | -0.6% | -8.2% | -21.5% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -11.8% | 11.5% | — |
| Net income | -11.7% | 11.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.5 | -3.0 | -0.6 | -0.6 | -1.8 | -5.6 | -6.4 | -0.7 |
Market value over time
31 Oct 2018 to 2 Nov 2026, in USD
$350.5m$6.11bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | 201% | 193% | -17% | -62% | -41% | 123% | 928% | -36% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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