L 
45.02
-4.96%
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
$489.5m
FY2019FY2025
Net income
$150.8m
FY2019FY2025
Free cash flow
$86.8m
FY2019FY2025
Shareholders' equity
$548.2m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $489.5m | $371.5m | $304.5m | $228.3m | $79.5m | $56.9m | — |
| Gross profit | $380.8m | $279.2m | $222.6m | $148.6m | $63.5m | $46.1m | — |
| Research and development | $128.4m | $113.1m | $101.0m | $102.5m | $36.0m | $28.0m | — |
| Operating income | $18.8m | −$8.0m | −$30.0m | −$94.4m | −$22.8m | −$11.8m | — |
| Net income | $150.8m | −$4.6m | −$28.2m | −$91.6m | −$23.7m | −$11.5m | −$20.4m |
| Diluted earnings per share | 1.77 | -0.05 | -0.41 | -1.32 | -0.46 | -0.24 | -0.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $959.7m | $441.6m | $321.7m | $339.6m | $302.4m | $86.9m | $60.4m |
| Cash and short-term investments | $494.3m | $159.2m | $69.0m | $75.4m | $231.0m | $56.4m | $45.1m |
| Total liabilities | $411.5m | $83.0m | $74.7m | $95.1m | $52.3m | $21.8m | $9.4m |
| Debt | $310.7m | — | $4.5m | $7.6m | $12.5m | $1.5m | — |
| Shareholders' equity | $548.2m | $358.5m | $247.1m | $244.5m | $250.0m | $65.1m | $51.0m |
| Shares outstanding | 85m | 83m | 68m | 69m | 51m | 49m | 35m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | $88.6m | $32.6m | $7.5m | −$57.1m | −$12.2m | −$7.3m | −$21.5m |
| Capital spending | −$1.8m | −$5.1m | −$2.2m | −$701,000 | −$81,000 | −$653,000 | −$289,495 |
| Free cash flow | $86.8m | $27.5m | $5.3m | −$57.8m | −$12.2m | −$7.9m | −$21.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $159.0m | $143.1m | $146.0m | $124.5m | $115.4m | $103.6m | $115.5m | $92.9m |
| Gross profit | $126.9m | $110.6m | $109.7m | $97.1m | $90.5m | $83.5m | $85.5m | $70.0m |
| Operating income | −$57,000 | −$8.1m | $9.0m | $5.7m | $2.0m | $2.2m | $5.7m | −$5.0m |
| Net income | $5.1m | $2.8m | $129.7m | $9.8m | $7.0m | $4.4m | $8.5m | $7.7m |
| Diluted earnings per share | 0.06 | 0.03 | 1.52 | 0.11 | 0.08 | 0.05 | 0.10 | 0.09 |
| Cash from operations | $23.0m | $17.0m | $36.0m | $26.0m | $13.0m | $12.0m | $12.0m | $6.0m |
| Capital spending | −$1.0m | −$1.0m | −$1.0m | −$1.0m | −$2.0m | −$1.0m | −$1.0m | — |
| Free cash flow | $22.0m | $16.0m | $35.0m | $25.0m | $11.0m | $11.0m | $11.0m | — |
| Total assets | $1.05bn | $1.04bn | $959.7m | $787.5m | $753.6m | $455.4m | $441.6m | $427.4m |
| Cash and short-term investments | $465.0m | $457.3m | $494.3m | $455.7m | $432.7m | $168.9m | $159.2m | $159.0m |
| Debt | — | $310.9m | $310.7m | $310.2m | $309.7m | $371,000 | $364,000 | $356,000 |
| Shareholders' equity | $613.4m | $597.6m | $548.2m | $391.4m | $366.7m | $376.3m | $358.5m | $339.7m |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 77.8% | 75.1% | 73.1% | 65.1% | 79.8% | 80.9% | — |
| Operating margin | 6.7% | -1.2% | -9.0% | -40.0% | -24.6% | -20.6% | — |
| Net margin | 30.8% | -1.2% | -9.3% | -40.1% | -29.8% | -20.3% | — |
| Return on equity | 27.5% | -1.3% | -11.4% | -37.5% | -13.4% | -25.1% | — |
| Return on assets | 15.7% | -1.0% | -8.8% | -27.0% | -11.1% | -18.8% | — |
| Free cash flow yield | 2.5% | 1.1% | 0.3% | -1.9% | -0.6% | -0.3% | — |
| Revenue growth | 31.8% | 22.0% | 33.4% | 102.7% | 39.7% | — | — |
| Earnings growth | -3411.4% | -83.8% | -69.3% | 173.1% | 105.4% | -43.6% | — |
| Current ratio | 6.26x | 3.12x | 1.86x | 1.63x | 6.19x | 4.04x | — |
| Debt to equity | 0.57x | 0.00x | 0.02x | 0.03x | 0.06x | 0.02x | — |
| Equity ratio | 57.1% | 81.2% | 76.8% | 72.0% | 82.7% | 74.9% | — |
| Interest coverage | — | — | — | — | — | — | -149.80x |
| R&D as a share of sales | 26.2% | 30.4% | 33.2% | 44.9% | 45.3% | 49.2% | — |
| Buybacks as a share of market value | -2.4% | -22.1% | 1.7% | -36.0% | -4.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.9% | 53.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 76.7% | 74.0% | 74.5% | — |
| Operating margin | 1.3% | -8.1% | -9.7% | — |
| Net margin | 17.0% | 1.9% | -0.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 36.2 | -753.9 |
| Price to sales | 11.2 | 9.2 |
Market value over time
29 Feb 2016 to 14 Oct 2026, in USD
$304.5m$3.56bn
Share price return
Finished calendar years
| 2025 | 2024 | |
|---|---|---|
| Return | 52% | 53% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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