K 
20.82
+0.53%
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
$1.23bn
FY2021FY2025
Net income
−$31.8m
FY2021FY2025
Free cash flow
$189.5m
FY2021FY2025
Shareholders' equity
$1.20bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $1.23bn | $937.5m | $698.1m | $472.7m | $290.6m |
| Gross profit | $921.5m | $716.2m | $520.2m | $344.7m | $205.9m |
| Research and development | $291.2m | $238.5m | $262.2m | $104.1m | $65.6m |
| Operating income | −$67.8m | −$84.1m | −$330.6m | −$55.0m | −$79.2m |
| Net income | −$31.8m | −$46.1m | −$308.2m | −$49.2m | −$79.4m |
| Diluted earnings per share | -0.10 | -0.17 | -1.19 | -0.20 | -0.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | $1.58bn | $1.27bn | $1.09bn | $629.1m | $464.4m |
| Cash and short-term investments | $1.06bn | $881.5m | $738.6m | $385.8m | $327.9m |
| Total liabilities | $384.0m | $239.3m | $174.3m | $1.67bn | $2.70bn |
| Shareholders' equity | $1.20bn | $1.03bn | $914.8m | −$1.04bn | −$2.24bn |
| Shares outstanding | 307m | 271m | 259m | 252m | 221m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | $218.0m | $166.0m | $119.4m | −$23.6m | −$22.7m |
| Capital spending | −$28.5m | −$17.2m | −$9.4m | −$18.2m | −$14.2m |
| Free cash flow | $189.5m | $148.7m | $110.0m | −$41.8m | −$37.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $370.6m | $358.0m | $350.2m | $310.9m | $293.1m | $279.8m | $270.2m | $235.1m |
| Gross profit | $269.1m | $268.9m | $252.8m | $234.7m | $221.9m | $212.1m | $198.4m | $180.7m |
| Operating income | −$15.0m | $1.7m | −$1.8m | −$10.8m | −$31.3m | −$23.8m | −$34.7m | −$13.3m |
| Net income | −$8.8m | $9.0m | $7.0m | −$426,000 | −$24.3m | −$14.1m | −$27.0m | −$1.3m |
| Diluted earnings per share | -0.03 | 0.03 | 0.02 | -0.00 | -0.08 | -0.05 | -0.10 | -0.00 |
| Cash from operations | $93.0m | $34.0m | $93.0m | $54.0m | $55.0m | $14.0m | $60.0m | $38.0m |
| Capital spending | −$24.0m | −$6.0m | −$5.0m | −$7.0m | −$7.0m | −$7.0m | −$5.0m | −$4.0m |
| Free cash flow | $69.0m | $28.0m | $88.0m | $47.0m | $48.0m | $7.0m | $55.0m | $34.0m |
| Total assets | $1.38bn | $1.52bn | $1.58bn | $1.47bn | $1.40bn | $1.35bn | $1.27bn | $1.19bn |
| Cash and short-term investments | $832.6m | $984.6m | $1.06bn | $980.3m | $935.5m | $888.4m | $881.5m | $826.7m |
| Debt | $23.3m | $24.0m | $24.8m | $24.5m | $19.1m | $18.6m | $21.0m | $13.1m |
| Shareholders' equity | $967.0m | $1.15bn | $1.20bn | $1.14bn | $1.10bn | $1.06bn | $1.03bn | $1.01bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 74.7% | 76.4% | 74.5% | 72.9% | 70.9% |
| Operating margin | -2.5% | -4.7% | -44.0% | -10.4% | -27.2% |
| Net margin | -2.6% | -4.9% | -44.2% | -10.4% | -27.3% |
| Return on equity | -2.7% | -4.5% | -33.7% | 4.7% | 3.6% |
| Return on assets | -2.0% | -3.6% | -28.3% | -7.8% | -17.1% |
| Free cash flow yield | 4.7% | 4.0% | 2.9% | -0.1% | -0.2% |
| Revenue growth | 31.6% | 34.3% | 47.7% | 62.7% | — |
| Earnings growth | -31.2% | -85.0% | 526.6% | -38.0% | — |
| Current ratio | 4.27x | 4.90x | 6.15x | 5.03x | 4.63x |
| Debt to equity | 0.02x | 0.02x | 0.02x | -0.01x | -0.00x |
| Equity ratio | 75.7% | 81.2% | 84.0% | -164.7% | -481.4% |
| Interest coverage | — | — | — | — | -9883.25x |
| R&D as a share of sales | 23.6% | 25.4% | 37.6% | 22.0% | 22.6% |
| Buybacks as a share of market value | -13.4% | -4.6% | -2.8% | -14.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 37.7% | — | — |
| Operating income | 7.2% | — | — |
| Net income | -13.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 75.4% | 74.9% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | -314.0 | -242.1 | -23.3 |
| Price to sales | 8.1 | 11.9 | 10.3 |
Market value over time
29 Sept 2023 to 13 Oct 2026, in USD
$8.00bn$5.03bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Return | -25% | 54% | -17% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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