N 
16.14
+5.49%
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.
Revenue
$84.0m
FY2018FY2025
Net income
−$264.5m
FY2018FY2025
Free cash flow
−$263.5m
FY2018FY2025
Shareholders' equity
$538.7m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $84.0m | $54.5m | $77.0m | $38.6m | $29.8m | $17.8m | $31.1m | $37.4m |
| Research and development | $308.2m | $221.6m | $189.1m | $184.5m | $116.4m | $66.5m | $45.0m | $40.5m |
| Operating income | −$285.7m | −$213.0m | −$155.1m | −$183.9m | −$117.9m | −$65.0m | −$22.2m | −$9.7m |
| Net income | −$264.5m | −$193.6m | −$143.9m | −$166.0m | −$117.2m | −$43.2m | −$21.7m | −$9.4m |
| Diluted earnings per share | -2.78 | -2.47 | -2.63 | -3.08 | -2.63 | -1.12 | -1.04 | -3.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $688.1m | $669.3m | $355.6m | $416.8m | $476.8m | $396.3m | $44.0m | $45.4m |
| Cash and short-term investments | $592.9m | $609.6m | $287.9m | $309.1m | $295.7m | $281.1m | $37.7m | $39.0m |
| Total liabilities | $149.4m | $142.3m | $155.1m | $113.1m | $134.5m | $106.1m | $53.6m | $34.0m |
| Debt | $55.7m | $28.3m | $30.6m | $12.0m | $13.0m | $7.6m | $4.6m | $2.8m |
| Shareholders' equity | $538.7m | $527.0m | $200.5m | $303.7m | $342.3m | $290.3m | −$57.7m | −$36.8m |
| Shares outstanding | 95m | 78m | 55m | 54m | 45m | 39m | 21m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$249.5m | −$172.6m | −$81.4m | −$159.8m | −$84.4m | −$80,000 | $601,000 | −$31.7m |
| Capital spending | −$14.0m | −$9.3m | −$8.4m | −$12.2m | −$5.7m | −$4.6m | −$1.7m | −$1.6m |
| Free cash flow | −$263.5m | −$181.9m | −$89.8m | −$172.1m | −$90.0m | −$4.6m | −$1.1m | −$33.3m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $673.1m | $9.0m | $6.3m | $13.6m | $7.9m | $44.1m | $18.5m | $13.3m |
| Operating income | $559.5m | −$94.2m | −$92.5m | −$83.1m | −$91.4m | −$48.3m | −$62.9m | −$64.7m |
| Net income | $549.8m | −$89.5m | −$87.2m | −$78.2m | −$86.4m | −$43.5m | −$56.4m | −$58.5m |
| Diluted earnings per share | 4.73 | -0.77 | -0.75 | -0.82 | -0.91 | -0.46 | -0.59 | -0.75 |
| Cash from operations | $615.0m | −$96.0m | −$71.0m | −$67.0m | −$57.0m | −$63.0m | −$61.0m | −$48.0m |
| Capital spending | −$1.0m | −$1.0m | −$1.0m | −$5.0m | −$2.0m | −$2.0m | −$3.0m | −$2.0m |
| Free cash flow | $614.0m | −$97.0m | −$72.0m | −$72.0m | −$59.0m | −$65.0m | −$64.0m | −$50.0m |
| Total assets | $1.20bn | $535.5m | $636.1m | $688.1m | $522.5m | $591.6m | $615.0m | $669.3m |
| Cash and short-term investments | $1.05bn | $443.5m | $540.7m | $592.9m | $428.8m | $485.8m | $549.7m | $609.6m |
| Debt | $3.2m | $3.2m | $3.2m | $2.8m | $3.8m | $5.2m | $6.6m | $8.0m |
| Shareholders' equity | $968.3m | $402.6m | $480.9m | $538.7m | $372.3m | $447.6m | $480.9m | $527.0m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -314.0% | -354.4% | -187.0% | -476.0% | -396.3% | -364.7% | — | — |
| Net margin | -314.9% | -354.9% | -187.0% | -429.9% | -393.9% | -242.7% | — | — |
| Return on equity | -49.1% | -36.7% | -71.8% | -54.7% | -34.2% | -14.9% | — | — |
| Return on assets | -38.4% | -28.9% | -40.5% | -39.8% | -24.6% | -10.9% | — | — |
| Free cash flow yield | -9.2% | -7.8% | -5.0% | -10.2% | -6.6% | 0.4% | — | — |
| Revenue growth | 54.0% | -29.1% | 99.3% | 29.8% | 66.9% | -42.7% | — | — |
| Earnings growth | 36.6% | 34.5% | -13.3% | 41.7% | 171.0% | 99.3% | — | — |
| Current ratio | 7.02x | 6.46x | 3.40x | 4.51x | 4.70x | 6.70x | — | — |
| Debt to equity | 0.01x | 0.02x | 0.04x | 0.02x | 0.01x | 0.03x | — | — |
| Equity ratio | 78.3% | 78.7% | 56.4% | 72.9% | 71.8% | 73.2% | — | — |
| Interest coverage | — | — | — | -12.84x | -17.07x | -19.19x | -28.65x | -11.91x |
| R&D as a share of sales | 366.9% | 406.3% | 245.7% | 477.6% | 391.4% | 373.1% | — | — |
| Buybacks as a share of market value | -21.3% | -43.4% | -1.3% | -21.1% | -15.1% | -86.3% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 29.5% | 36.3% | — |
| Operating income | 15.8% | 34.5% | — |
| Net income | 16.8% | 43.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -360.0% | -329.6% | -338.2% | — |
| Net margin | -330.6% | -302.2% | -307.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -6.8 | -7.6 | -3.9 | -3.6 | -11.0 | -29.4 |
| Price to sales | 21.5 | 27.1 | 7.3 | 15.3 | 43.4 | 71.4 |
Market value over time
31 Jul 2020 to 30 Oct 2026, in USD
$97.0m$3.11bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -11% | 104% | -7% | -62% | -22% | 89% |
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.