M 
327.37
+4.65%
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
$2.46bn
FY2017FY2026
Net income
−$71.2m
FY2017FY2026
Free cash flow
$500.2m
FY2017FY2026
Shareholders' equity
$2.95bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.46bn | $2.01bn | $1.68bn | $1.28bn | $873.8m | $590.4m | $421.7m | $267.0m | $154.5m | $101.4m |
| Gross profit | $1.77bn | $1.47bn | $1.26bn | $934.7m | $614.3m | $413.3m | $296.4m | $193.4m | $111.7m | $71.5m |
| Research and development | $716.3m | $596.8m | $515.9m | $421.7m | $308.8m | $205.2m | $149.0m | $89.9m | $62.2m | $51.8m |
| Operating income | −$137.0m | −$216.1m | −$233.7m | −$346.7m | −$292.5m | −$211.2m | −$163.8m | −$97.8m | −$97.3m | −$85.9m |
| Net income | −$71.2m | −$129.1m | −$176.6m | −$345.4m | −$306.9m | −$266.9m | −$175.5m | −$99.0m | −$96.4m | −$86.7m |
| Diluted earnings per share | -0.87 | -1.59 | -2.39 | -4.83 | -4.45 | -4.02 | -2.96 | -1.76 | -1.83 | -1.75 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $3.76bn | $3.43bn | $2.87bn | $2.59bn | $2.45bn | $1.41bn | $1.33bn | $733.5m | $415.2m | $174.4m |
| Cash and short-term investments | $2.39bn | $2.34bn | $2.02bn | $1.84bn | $1.83bn | $957.7m | $986.5m | $466.0m | $279.0m | $116.5m |
| Total liabilities | $806.5m | $648.1m | $1.80bn | $1.85bn | $1.78bn | $1.41bn | $1.25bn | $468.9m | $221.7m | $460.9m |
| Debt | $9.3m | $37.5m | $1.19bn | $1.19bn | $1.19bn | $997.0m | $975.0m | $216.9m | — | $1.3m |
| Shareholders' equity | $2.95bn | $2.78bn | $1.07bn | $739.5m | $666.7m | −$5.0m | $82.9m | $264.6m | $193.5m | −$286.5m |
| Shares outstanding | 82m | 81m | 74m | 72m | 69m | 66m | 59m | 56m | 53m | 50m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $505.1m | $150.2m | $121.5m | −$13.0m | $7.0m | −$42.7m | −$29.5m | −$42.0m | −$44.9m | −$38.1m |
| Capital spending | −$5.0m | −$29.6m | −$6.1m | −$7.2m | −$8.1m | −$11.8m | −$3.6m | −$6.8m | −$2.1m | −$1.7m |
| Free cash flow | $500.2m | $120.6m | $115.4m | −$20.2m | −$1.1m | −$54.4m | −$33.1m | −$48.8m | −$47.0m | −$39.8m |
| Dividends paid | — | — | −$43.7m | −$5.7m | −$25.2m | −$35.5m | −$30.2m | — | — | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $771.8m | $687.6m | $695.1m | $628.3m | $591.4m | $549.0m | $548.4m | $529.4m |
| Gross profit | $569.8m | $496.2m | $507.7m | $449.1m | $420.0m | $391.0m | $399.4m | $394.0m |
| Operating income | $28.4m | −$24.8m | $50,000 | −$18.2m | −$65.3m | −$53.6m | −$18.6m | −$27.9m |
| Net income | $40.9m | $4.4m | $15.5m | −$2.0m | −$47.0m | −$37.6m | $15.8m | −$9.8m |
| Diluted earnings per share | 0.50 | 0.05 | 0.19 | -0.02 | -0.58 | -0.46 | 0.19 | -0.13 |
| Cash from operations | $141.0m | $201.0m | $179.0m | $151.0m | $72.0m | $109.0m | $50.0m | $37.0m |
| Capital spending | −$2.0m | −$2.0m | −$1.0m | −$1.0m | — | −$1.0m | −$25.0m | −$1.0m |
| Free cash flow | $139.0m | $199.0m | $178.0m | $150.0m | — | $108.0m | $25.0m | $36.0m |
| Total assets | $3.78bn | $3.69bn | $3.76bn | $3.57bn | $3.54bn | $3.62bn | $3.43bn | $3.22bn |
| Cash and short-term investments | $2.41bn | $2.43bn | $2.39bn | $2.31bn | $2.35bn | $2.45bn | $2.34bn | $2.30bn |
| Debt | $9.4m | $9.4m | $9.3m | $9.1m | $9.5m | $8.9m | $9.1m | $1.14bn |
| Shareholders' equity | $2.98bn | $2.93bn | $2.95bn | $2.89bn | $2.94bn | $3.03bn | $2.78bn | $1.50bn |
Financial ratios
Data as of 22 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 71.7% | 73.3% | 74.8% | 72.8% | 70.3% | 70.0% |
| Operating margin | -5.6% | -10.8% | -13.9% | -27.0% | -33.5% | -35.8% |
| Net margin | -2.9% | -6.4% | -10.5% | -26.9% | -35.1% | -45.2% |
| Return on equity | -2.4% | -4.6% | -16.5% | -46.7% | -46.0% | 5303.9% |
| Return on assets | -1.9% | -3.8% | -6.2% | -13.3% | -12.5% | -19.0% |
| Free cash flow yield | 1.5% | 0.5% | 0.4% | -0.0% | 0.1% | -0.1% |
| Revenue growth | 22.8% | 19.2% | 31.1% | 47.0% | 48.0% | 40.0% |
| Earnings growth | -44.9% | -26.9% | -48.9% | 12.6% | 15.0% | 52.1% |
| Current ratio | 4.65x | 5.20x | 4.40x | 3.80x | 4.02x | 3.22x |
| Debt to equity | 0.00x | 0.00x | 1.08x | 1.55x | 1.72x | -186.78x |
| Equity ratio | 78.5% | 81.1% | 37.3% | 28.6% | 27.2% | -0.4% |
| Interest coverage | -43.79x | -26.70x | -24.90x | -35.38x | -25.85x | -3.76x |
| R&D as a share of sales | 29.1% | 29.7% | 30.7% | 32.8% | 35.3% | 34.8% |
| Buybacks as a share of market value | -0.9% | -9.8% | -3.4% | -3.8% | -3.8% | -11.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.3% | 33.1% | 43.8% |
| Operating income | -26.6% | -8.3% | 6.5% |
| Net income | -40.9% | -23.2% | -0.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 72.5% | 73.0% | 72.6% | 72.4% |
| Operating margin | -7.9% | -12.6% | -16.1% | -19.7% |
| Net margin | -4.5% | -9.7% | -14.6% | -18.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -378.4 | -264.2 | -97.6 | -84.7 | -44.2 | -131.6 | -121.4 | -75.0 | -45.8 | -17.0 |
| Price to sales | 10.9 | 17.0 | 10.2 | 22.8 | 15.5 | 59.5 | 50.5 | 27.8 | 28.6 | 14.5 |
Market value over time
31 Oct 2017 to 21 Sept 2026, in USD
$518.2m$33.40bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 68% | -38% | 112% | -61% | 29% | 193% | 64% | 170% | -8% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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