M 
12.62
+9.45%
Close of 9 Nov 2026, in USD
Search any instrument
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.
Net income
−$227.3m
FY2020FY2025
Free cash flow
−$196.0m
FY2020FY2025
Shareholders' equity
$304.5m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross profit | −$2.6m | −$1.4m | −$13,158 | −$12,358 | −$4,971 | — |
| Research and development | $202.9m | $112.8m | $31.8m | $42.0m | $35.5m | — |
| Operating income | −$244.8m | −$143.1m | −$54.1m | −$65.1m | −$4.6m | −$105,755 |
| Net income | −$227.3m | −$118.9m | −$36.0m | −$64.5m | −$4.5m | −$90,838 |
| Diluted earnings per share | -3.53 | -1.89 | -0.60 | -1.66 | -0.12 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | $424.4m | $477.9m | $526.5m | $76.8m | $9.7m | $116.6m |
| Cash and short-term investments | $394.0m | $448.0m | $511.0m | $72.1m | $8.0m | $1.3m |
| Total liabilities | $120.0m | $24.5m | $13.0m | $8.1m | $21.3m | $4.2m |
| Debt | $75.3m | — | — | — | $15.0m | $58,063 |
| Shareholders' equity | $304.5m | $446.8m | $495.7m | $48.9m | −$11.6m | $112.5m |
| Shares outstanding | 64m | 63m | 60m | 39m | 37m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −$196.0m | −$116.6m | −$42.8m | −$55.9m | −$35.2m | −$316,692 |
| Capital spending | −$35,000 | −$519,520 | −$284,634 | −$16,010 | −$50,706 | — |
| Free cash flow | −$196.0m | −$117.1m | −$43.1m | −$55.9m | −$35.2m | −$316,692 |
| Dividends paid | — | — | — | — | −$51,915 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $101,850 | — |
| Gross profit | — | −$845,000 | −$751,000 | −$745,000 | −$742,000 | −$378,000 | $50,925 | −$32,515 |
| Operating income | −$61.7m | −$70.0m | −$65.2m | −$71.4m | −$60.7m | −$47.5m | −$49.6m | −$43.1m |
| Net income | −$61.8m | −$69.7m | −$62.4m | −$69.7m | −$55.2m | −$39.9m | −$45.6m | −$35.4m |
| Diluted earnings per share | -0.84 | -0.94 | -0.97 | -1.08 | -0.86 | -0.62 | -0.72 | -0.56 |
| Cash from operations | −$55.0m | −$66.0m | −$58.0m | −$44.0m | −$54.0m | −$38.0m | −$48.0m | −$25.0m |
| Total assets | $573.9m | $400.4m | $424.4m | $414.3m | $460.1m | $511.3m | $477.9m | $518.2m |
| Cash and short-term investments | $537.0m | $357.9m | $394.0m | $380.5m | $425.1m | $480.1m | $448.0m | $493.9m |
| Debt | $1.2m | $99.9m | $75.3m | $75.2m | $74.9m | $74.5m | $1.4m | $1.8m |
| Shareholders' equity | $428.2m | $254.0m | $304.5m | $288.9m | $353.7m | $407.5m | $446.8m | $488.2m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Return on equity | -74.7% | -26.6% | -7.3% | -131.9% | 39.0% | -0.1% |
| Return on assets | -53.6% | -24.9% | -6.8% | -83.9% | -46.9% | -0.1% |
| Free cash flow yield | -26.3% | -15.9% | -6.1% | -12.4% | -8.2% | — |
| Earnings growth | 91.1% | 230.3% | -44.2% | 1320.0% | 4900.8% | — |
| Current ratio | 9.27x | 21.11x | 51.59x | 9.98x | 0.46x | 12.93x |
| Debt to equity | 0.25x | 0.00x | 0.00x | 0.00x | -1.29x | 0.00x |
| Equity ratio | 71.7% | 93.5% | 94.1% | 63.6% | -120.3% | 96.4% |
| Interest coverage | -30.69x | — | — | -109.95x | — | — |
| Buybacks as a share of market value | -2.2% | -5.3% | -54.2% | -5.2% | -149.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 55.5% | 370.9% | — |
| Net income | 52.2% | 378.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -3.7 | -28.7 | -100.5 | -6.3 | -49.0 | -1130.4 |
Market value over time
30 Oct 2020 to 4 Nov 2026, in USD
$30.8m$854.5m
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -75% | -13% | 539% | 55% | -9% | 4% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 6 Apr 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.