L 
24.29
+3.80%
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
$1.03bn
FY2017FY2025
Net income
−$296.8m
FY2017FY2025
Free cash flow
−$168.0m
FY2017FY2025
Shareholders' equity
$1.00bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.03bn | $627.2m | $285.1m | $117.0m | $68.8m | $75.0m | $61.8m | $49.1m | $23.6m |
| Research and development | $414.7m | $413.5m | $382.2m | $335.6m | $313.3m | $232.2m | $161.9m | $60.6m | $8.2m |
| Operating income | −$136.5m | −$303.2m | −$439.5m | −$455.6m | −$406.3m | −$313.3m | −$132.5m | −$1.5m | $13.8m |
| Net income | −$296.8m | −$177.0m | −$518.3m | −$446.3m | −$403.6m | −$266.4m | −$101.6m | −$2.8m | $9.4m |
| Diluted earnings per share | -1.61 | -0.97 | -2.85 | -2.81 | -2.75 | -2.01 | -1.01 | -0.03 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.73bn | $1.67bn | $1.85bn | $1.33bn | $1.12bn | $722.1m | $287.7m | $429.0m | $238.7m |
| Cash and short-term investments | $948.6m | $1.12bn | $1.31bn | $1.03bn | $882.4m | $506.1m | $158.9m | $216.2m | $2.1m |
| Total liabilities | $731.6m | $629.6m | $597.2m | $586.7m | $353.5m | $122.3m | $410.6m | $420.4m | $226.5m |
| Debt | $326.5m | $350.6m | $328.7m | $284.5m | $123.0m | $3.7m | $6.1m | $4.3m | $300,000 |
| Shareholders' equity | $1.00bn | $1.04bn | $1.25bn | $744.3m | $765.9m | $597.8m | −$122.9m | $8.6m | $12.2m |
| Shares outstanding | 185m | 183m | 182m | 159m | 147m | 132m | 100m | 100m | 132m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$100.5m | −$144.0m | −$393.3m | −$201.3m | −$198.5m | −$223.0m | −$83.1m | $307.7m | −$2.4m |
| Capital spending | −$67.6m | −$14.1m | −$22.7m | −$22.3m | −$45.4m | −$30.3m | −$39.2m | −$21.0m | −$887,000 |
| Free cash flow | −$168.0m | −$158.1m | −$416.0m | −$223.6m | −$243.9m | −$253.3m | −$122.2m | $286.7m | −$3.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $387.5m | $305.1m | $306.4m | $272.3m | $255.1m | $195.1m | $186.5m | $160.2m |
| Operating income | $57.7m | −$49.8m | −$20.6m | −$43.5m | −$21.9m | −$50.6m | −$74.4m | −$70.1m |
| Net income | $33.2m | −$54.3m | −$30.8m | −$39.7m | −$125.4m | −$100.9m | $26.3m | −$125.3m |
| Diluted earnings per share | 0.17 | -0.28 | -0.17 | -0.21 | -0.68 | -0.55 | 0.14 | -0.69 |
| Cash from operations | −$20.0m | −$85.0m | −$105.0m | $28.0m | −$13.0m | −$103.0m | −$82.0m | −$75.0m |
| Capital spending | −$20.0m | −$25.0m | −$20.0m | −$5.0m | −$9.0m | −$2.0m | −$2.0m | −$2.0m |
| Free cash flow | −$40.0m | −$110.0m | −$125.0m | $23.0m | −$22.0m | −$105.0m | −$84.0m | −$77.0m |
| Total assets | $1.75bn | $1.60bn | $1.73bn | $1.71bn | $1.69bn | $1.62bn | $1.67bn | $1.74bn |
| Cash and short-term investments | $964.6m | $834.6m | $948.6m | $992.6m | $967.6m | $1.01bn | $1.12bn | $1.21bn |
| Debt | $168.2m | $277.2m | $326.5m | $322.2m | $316.2m | $311.1m | $306.0m | $301.0m |
| Shareholders' equity | $1.23bn | $967.7m | $1.00bn | $1.01bn | $1.04bn | $1.02bn | $1.04bn | $1.12bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -25.4% | -21.8% | -174.8% | -371.7% | -590.3% | -410.8% |
| Net margin | -28.8% | -28.2% | -181.8% | -381.5% | -586.4% | -355.2% |
| Return on equity | -29.6% | -17.0% | -41.4% | -60.0% | -52.7% | -44.6% |
| Return on assets | -17.1% | -10.6% | -28.0% | -33.5% | -36.1% | -36.9% |
| Free cash flow yield | -0.9% | -3.8% | -10.8% | -6.0% | -5.5% | -7.7% |
| Revenue growth | 64.0% | 120.0% | 143.7% | 70.0% | -8.2% | 21.4% |
| Earnings growth | 67.7% | -65.8% | 16.1% | 10.6% | 51.5% | 162.2% |
| Current ratio | 1.96x | 4.62x | 6.92x | 3.69x | 4.14x | 5.14x |
| Debt to equity | 0.33x | 0.29x | 0.23x | 0.36x | 0.16x | 0.00x |
| Equity ratio | 57.8% | 62.3% | 67.7% | 55.9% | 68.4% | 82.8% |
| Interest coverage | -12.21x | -6.32x | -22.87x | -40.29x | -451.44x | -73.20x |
| R&D as a share of sales | 40.3% | 65.9% | 134.0% | 286.9% | 455.3% | 309.5% |
| Buybacks as a share of market value | -1.0% | -0.5% | -14.4% | -8.5% | -10.8% | -32.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 106.4% | 68.8% | — |
| Operating income | -33.1% | -15.3% | — |
| Net income | -12.7% | 2.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -13.5 | -33.6 | -21.1 | -17.8 | -16.9 | -14.0 |
| Price to sales | 3.9 | 9.5 | 38.4 | 67.9 | 99.3 | 49.7 |
Market value over time
30 Jun 2020 to 22 Oct 2026, in USD
$4.60bn$3.66bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -37% | -45% | 25% | 5% | 50% | -16% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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