K 
138.86
+5.41%
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
$39.2m
FY2018FY2025
Net income
−$311.4m
FY2018FY2025
Free cash flow
−$234.3m
FY2018FY2025
Shareholders' equity
$1.58bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $39.2m | $47.1m | $78.6m | $46.8m | $72.8m | $34.0m | $2.9m | — |
| Gross profit | $39.2m | $47.1m | $78.6m | $46.8m | $72.8m | $34.0m | $2.1m | −$205,000 |
| Research and development | $316.6m | $240.2m | $189.1m | $164.2m | $137.0m | $62.1m | $37.2m | $17.7m |
| Operating income | −$349.4m | −$261.6m | −$165.5m | −$161.3m | −$100.5m | −$46.3m | −$42.2m | −$21.5m |
| Net income | −$311.4m | −$223.9m | −$147.0m | −$154.8m | −$100.2m | −$45.6m | −$41.3m | −$21.5m |
| Diluted earnings per share | -3.69 | -2.80 | -2.51 | -2.67 | -1.95 | -1.03 | -0.93 | -0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.74bn | $978.0m | $575.8m | $603.1m | $605.9m | $487.2m | $116.7m | $44.2m |
| Cash and short-term investments | $848.3m | $488.7m | $374.9m | $407.2m | $442.4m | $296.2m | $92.0m | $41.3m |
| Total liabilities | $163.1m | $142.4m | $180.8m | $113.0m | $146.3m | $203.3m | $191.1m | $78.7m |
| Debt | $13.8m | $3.7m | $2.6m | $2.7m | $2.3m | $1.3m | $1.8m | $700,000 |
| Shareholders' equity | $1.58bn | $835.6m | $395.0m | $490.2m | $459.6m | $283.9m | −$74.4m | −$34.4m |
| Shares outstanding | 84m | 80m | 59m | 58m | 51m | 44m | 45m | 45m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$232.9m | −$194.5m | −$102.8m | −$153.1m | −$128.9m | $88.1m | $17.9m | −$17.9m |
| Capital spending | −$1.4m | −$12.8m | −$34.5m | −$2.8m | −$1.6m | −$9.1m | −$532,000 | −$1.4m |
| Free cash flow | −$234.3m | −$207.3m | −$137.3m | −$155.9m | −$130.5m | $79.0m | $17.4m | −$19.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $65.0m | $34.4m | $2.9m | $2.8m | $11.5m | $22.1m | $7.4m | $3.7m |
| Gross profit | $65.0m | $34.4m | $79.0m | −$71.3m | $9.4m | $22.1m | $7.4m | $3.7m |
| Operating income | −$75.6m | −$84.2m | −$97.9m | −$92.5m | −$84.6m | −$74.4m | −$80.8m | −$72.1m |
| Net income | −$61.2m | −$69.2m | −$87.0m | −$82.2m | −$76.6m | −$65.6m | −$70.8m | −$62.5m |
| Diluted earnings per share | -0.62 | -0.71 | -1.03 | -0.97 | -0.91 | -0.78 | -0.88 | -0.78 |
| Cash from operations | −$54.0m | −$88.0m | −$66.0m | −$27.0m | −$59.0m | −$79.0m | −$61.0m | −$50.0m |
| Total assets | $1.65bn | $1.67bn | $1.74bn | $1.10bn | $1.13bn | $918.3m | $978.0m | $1.03bn |
| Cash and short-term investments | $691.0m | $650.9m | $848.3m | $505.7m | $665.4m | $463.1m | $488.7m | $550.0m |
| Debt | $17.4m | $13.7m | $13.8m | $13.7m | $13.7m | $13.2m | $13.1m | $12.9m |
| Shareholders' equity | $1.51bn | $1.54bn | $1.58bn | $946.3m | $971.5m | $786.2m | $835.6m | $892.9m |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | -794.3% | -475.0% | -186.7% | -330.2% | -137.4% | -133.6% |
| Net margin | -794.4% | -475.6% | -187.0% | -330.6% | -137.6% | -134.0% |
| Return on equity | -19.7% | -26.8% | -37.2% | -31.6% | -21.8% | -16.1% |
| Return on assets | -17.9% | -22.9% | -25.5% | -25.7% | -16.5% | -9.4% |
| Free cash flow yield | -2.4% | -2.0% | -1.0% | -2.3% | -2.2% | 1.9% |
| Revenue growth | -16.7% | -40.1% | 67.8% | -35.7% | 114.0% | 1060.0% |
| Earnings growth | 39.1% | 52.3% | -5.1% | 54.5% | 119.8% | 10.4% |
| Current ratio | 10.47x | 7.53x | 4.73x | 5.88x | 4.88x | 2.73x |
| Debt to equity | 0.01x | 0.02x | 0.02x | 0.01x | 0.01x | 0.01x |
| Equity ratio | 90.6% | 85.4% | 68.6% | 81.3% | 75.9% | 58.3% |
| Interest coverage | -1250.50x | -898.03x | -748.81x | -878.59x | -571.67x | -395.46x |
| R&D as a share of sales | 807.7% | 510.4% | 240.6% | 350.8% | 188.1% | 182.5% |
| Buybacks as a share of market value | -5.5% | -36.7% | -1.1% | -12.6% | -15.6% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.8% | 2.9% | — |
| Operating income | 29.4% | 49.8% | — |
| Net income | 26.2% | 46.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 100.0% | 100.0% | 100.0% | — |
| Operating margin | -708.3% | -443.0% | -340.5% | — |
| Net margin | -620.4% | -395.4% | -308.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -21.1 | -14.4 | -10.1 | -9.3 | -32.6 | -60.5 |
| Price to sales | 167.5 | 68.4 | 19.0 | 30.9 | 44.8 | 81.0 |
Market value over time
31 Aug 2020 to 9 Oct 2026, in USD
$63.8m$11.04bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 104% | 56% | -5% | -52% | -27% | 124% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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