M 
79.93
-9.10%
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
$1.23bn
FY2019FY2025
Net income
$118.7m
FY2019FY2025
Free cash flow
$309.9m
FY2019FY2025
Shareholders' equity
$1.25bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.23bn | $972.0m | $729.7m | $519.0m | $308.1m | $161.1m | $78.1m |
| Gross profit | $1.10bn | $868.3m | $649.0m | $452.5m | $269.1m | $138.6m | $66.1m |
| Research and development | $320.8m | $213.7m | $156.5m | $127.0m | $73.7m | $43.5m | $24.6m |
| Operating income | −$1.7m | −$21.0m | −$38.6m | −$152.0m | −$126.1m | −$150.5m | −$92.5m |
| Net income | $118.7m | $32.4m | −$1.9m | −$136.9m | −$129.3m | −$152.2m | −$91.6m |
| Diluted earnings per share | 2.24 | 0.62 | -0.04 | -2.87 | -2.89 | -3.92 | -8.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $2.11bn | $1.69bn | $1.28bn | $1.04bn | $933.2m | $157.4m | $185.1m |
| Cash and short-term investments | $1.67bn | $1.46bn | $1.12bn | $885.9m | $886.8m | $139.8m | $175.6m |
| Total liabilities | $859.8m | $655.3m | $462.1m | $359.3m | $229.8m | $375.0m | $315.8m |
| Debt | $25.8m | — | — | — | $84,000 | $21.2m | $13.3m |
| Shareholders' equity | $1.25bn | $1.03bn | $813.5m | $679.7m | $703.4m | −$217.6m | −$130.6m |
| Shares outstanding | 53m | 52m | 52m | 48m | 45m | 39m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | $333.6m | $311.1m | $215.4m | $27.1m | $16.4m | −$37.2m | −$36.6m |
| Capital spending | −$23.7m | −$15.2m | −$10.5m | −$19.0m | −$13.8m | −$5.5m | −$1.8m |
| Free cash flow | $309.9m | $295.8m | $204.9m | $8.1m | $2.6m | −$42.7m | −$38.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $364.6m | $351.3m | $333.9m | $316.9m | $299.0m | $282.3m | $268.0m | $251.0m |
| Gross profit | $322.0m | $313.1m | $296.5m | $281.1m | $267.8m | $253.4m | $237.5m | $225.0m |
| Operating income | $19.9m | $19.8m | $2.4m | −$2.4m | −$11.6m | $9.8m | $9.6m | −$27.4m |
| Net income | $3.5m | $28.0m | $76.7m | $13.1m | $1.6m | $27.4m | $23.0m | −$12.0m |
| Diluted earnings per share | 0.08 | 0.63 | 1.45 | 0.25 | 0.03 | 0.52 | 0.44 | -0.23 |
| Cash from operations | $59.0m | $104.0m | $59.0m | $95.0m | $66.0m | $111.0m | $76.0m | $86.0m |
| Capital spending | −$5.0m | −$2.0m | −$7.0m | −$4.0m | −$6.0m | −$4.0m | −$4.0m | −$4.0m |
| Free cash flow | $54.0m | $102.0m | $52.0m | $91.0m | $60.0m | $107.0m | $72.0m | $82.0m |
| Total assets | $1.62bn | $1.69bn | $2.11bn | $2.06bn | $1.96bn | $1.85bn | $1.69bn | $1.59bn |
| Cash and short-term investments | $1.07bn | $1.21bn | $1.67bn | $1.74bn | $1.65bn | $1.59bn | $1.46bn | $1.39bn |
| Debt | $27.5m | $28.5m | $25.8m | $27.2m | $29.8m | $29.3m | $29.0m | $25.6m |
| Shareholders' equity | $618.0m | $758.7m | $1.25bn | $1.27bn | $1.19bn | $1.10bn | $1.03bn | $971.1m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 89.2% | 89.3% | 88.9% | 87.2% | 87.3% | 86.0% | — |
| Operating margin | 4.8% | 4.1% | 0.5% | -24.8% | -40.9% | -92.5% | — |
| Net margin | 9.6% | 3.3% | -0.3% | -26.4% | -42.0% | -94.5% | — |
| Return on equity | 9.5% | 3.1% | -0.2% | -20.1% | -18.4% | 70.0% | — |
| Return on assets | 5.6% | 1.9% | -0.1% | -13.2% | -13.9% | -96.7% | — |
| Free cash flow yield | 6.3% | 5.9% | 4.1% | 0.6% | 0.4% | -1.0% | — |
| Revenue growth | 26.7% | 33.2% | 40.6% | 68.4% | 91.3% | 106.3% | — |
| Earnings growth | 266.8% | -1824.7% | -98.6% | 5.9% | -15.1% | 66.1% | — |
| Current ratio | 2.50x | 2.66x | 2.82x | 3.10x | 4.00x | 1.05x | — |
| Debt to equity | 0.02x | 0.03x | 0.02x | 0.03x | 0.00x | -0.10x | — |
| Equity ratio | 59.2% | 61.1% | 63.8% | 65.4% | 75.4% | -138.2% | — |
| Interest coverage | — | — | 8.51x | -162.46x | -129.75x | -147.38x | -117.24x |
| R&D as a share of sales | 26.0% | 22.0% | 21.4% | 24.5% | 23.9% | 27.0% | — |
| Buybacks as a share of market value | -1.0% | -1.6% | -8.3% | -6.5% | -15.2% | -253.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 33.0% | 50.4% | — |
| Operating income | -77.4% | -59.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 89.3% | 88.9% | 88.6% | — |
| Operating margin | -1.0% | -6.2% | -12.5% | — |
| Net margin | 6.9% | 0.4% | -6.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 65.8 | 381.3 | -5163.8 | -42.5 | -106.8 |
| Price to sales | 6.3 | 12.7 | 13.3 | 11.1 | 45.1 |
Market value over time
30 Jun 2021 to 20 Oct 2026, in USD
$4.25bn$4.48bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -37% | 19% | 65% | -60% | 65% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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