K 
7.57
+4.13%
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.
Revenue
$67.5m
FY2016FY2025
Net income
−$278.7m
FY2016FY2025
Free cash flow
−$70.7m
FY2016FY2025
Shareholders' equity
$174.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.5m | $53.9m | — | — | — | — | — | — | — | — |
| Gross profit | $67.4m | $53.9m | −$849,000 | −$759,000 | −$558,000 | −$194,000 | — | −$10,000 | −$30,000 | −$31,000 |
| Research and development | $251.1m | $170.0m | $115.2m | $92.8m | $84.7m | $60.4m | $47.8m | $46.8m | $26.4m | $20.4m |
| Operating income | −$303.6m | −$193.2m | −$165.8m | −$139.9m | −$131.3m | −$91.9m | −$67.5m | −$62.9m | −$36.1m | −$28.4m |
| Net income | −$278.7m | −$174.0m | −$152.6m | −$135.8m | −$130.5m | −$89.6m | −$63.1m | −$60.4m | −$35.4m | −$27.6m |
| Diluted earnings per share | -3.16 | -2.00 | -1.97 | -2.00 | -1.96 | -1.53 | -1.39 | -1.59 | -1.21 | -1.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $738.4m | $760.2m | $448.9m | $456.3m | $534.1m | $647.2m | $242.0m | $182.4m | $95.9m | $69.8m |
| Cash and short-term investments | $667.2m | $727.4m | $424.0m | $438.0m | $518.0m | $633.3m | $236.9m | $179.0m | $93.1m | $67.8m |
| Total liabilities | $564.2m | $346.5m | $51.7m | $36.0m | $27.4m | $36.3m | $23.2m | $21.4m | $16.0m | $12.9m |
| Debt | $9.7m | $9.5m | $9.3m | $9.2m | — | $7.3m | $7.5m | $7.5m | $7.1m | $7.3m |
| Shareholders' equity | $174.1m | $413.6m | $397.3m | $420.3m | $506.6m | $610.9m | $218.8m | $161.0m | $79.9m | $56.9m |
| Shares outstanding | 88m | 87m | 77m | 68m | 67m | 59m | 45m | 38m | 29m | 19m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$64.1m | $134.3m | −$124.8m | −$110.1m | −$104.6m | −$69.8m | −$54.8m | −$48.7m | −$28.4m | −$25.3m |
| Capital spending | −$6.6m | −$472,000 | −$168,000 | −$626,000 | −$1.1m | −$2.2m | −$2.2m | −$2.2m | −$2.2m | — |
| Free cash flow | −$70.7m | $133.8m | −$125.0m | −$110.7m | −$105.7m | −$72.0m | −$56.9m | −$50.8m | −$30.6m | −$25.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.9m | $18.3m | $17.3m | $20.8m | $15.3m | $14.1m | $53.9m | — |
| Gross profit | $20.6m | $17.6m | $17.3m | $17.5m | $15.3m | $14.1m | $53.9m | −$208,000 |
| Operating income | −$73.0m | −$78.8m | −$86.3m | −$80.0m | −$72.7m | −$64.7m | −$22.5m | −$59.9m |
| Net income | −$68.3m | −$73.3m | −$81.0m | −$74.1m | −$66.1m | −$57.4m | −$19.2m | −$54.4m |
| Diluted earnings per share | -0.77 | -0.83 | -0.92 | -0.84 | -0.75 | -0.65 | -0.22 | -0.62 |
| Cash from operations | −$62.0m | −$85.0m | $117.0m | −$80.0m | −$28.0m | −$71.0m | $269.0m | −$43.0m |
| Capital spending | — | — | −$2.0m | −$2.0m | −$1.0m | — | — | — |
| Free cash flow | — | — | $115.0m | −$82.0m | −$29.0m | — | — | — |
| Total assets | $587.8m | $652.6m | $738.4m | $649.4m | $682.4m | $743.8m | $760.2m | $478.8m |
| Cash and short-term investments | $519.0m | $580.8m | $667.2m | $549.7m | $630.7m | $658.2m | $727.4m | $455.3m |
| Debt | $5.5m | $11.0m | $11.0m | $11.1m | $11.3m | $11.5m | $11.4m | $11.2m |
| Shareholders' equity | $48.4m | $107.9m | $174.1m | $242.5m | $305.5m | $364.4m | $413.6m | $423.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 29.5% | 27.0% | 29.0% |
| Net income | 27.1% | 25.5% | 28.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 100.0% | — | — | — |
| Operating margin | -409.4% | — | — | — |
| Net margin | -373.0% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.3 | -4.4 | -4.6 | -3.9 | -4.5 | -13.5 | -6.2 | -5.6 | -8.0 | -2.6 |
| Price to sales | 13.6 | 14.1 | — | — | — | — | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 8% | 9% | 9% | -18% | -60% | 158% | 10% | -9% | 138% | -30% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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