I 
12.11
+6.70%
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
$67.7m
FY2016FY2025
Net income
−$412.7m
FY2016FY2025
Free cash flow
−$354.7m
FY2016FY2025
Shareholders' equity
$671.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.7m | $57.9m | $36.3m | $52.1m | $33.1m | $58.0m | $43.1m | $30.4m | $26.1m | $16.5m |
| Research and development | $388.9m | $466.3m | $435.1m | $420.0m | $229.8m | $150.4m | $108.4m | $89.1m | $67.6m | $31.8m |
| Operating income | −$441.0m | −$534.3m | −$515.3m | −$458.2m | −$267.9m | −$136.6m | −$106.4m | −$90.9m | −$69.6m | −$32.2m |
| Net income | −$412.7m | −$519.0m | −$481.2m | −$474.2m | −$259.7m | −$125.6m | −$99.5m | −$85.3m | −$67.5m | −$31.6m |
| Diluted earnings per share | -3.81 | -5.10 | -5.32 | -5.84 | -3.49 | -2.05 | -2.02 | -1.93 | -1.73 | -0.92 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $842.1m | $1.19bn | $1.30bn | $1.52bn | $1.29bn | $676.3m | $334.3m | $347.3m | $376.2m | $299.0m |
| Cash and short-term investments | $449.9m | $601.5m | $912.2m | $1.19bn | $748.7m | $597.4m | $279.7m | $314.1m | $340.7m | $273.1m |
| Total liabilities | $170.7m | $319.1m | $250.8m | $284.5m | $254.2m | $149.3m | $64.4m | $69.4m | $75.6m | $89.1m |
| Shareholders' equity | $671.4m | $872.0m | $1.05bn | $1.24bn | $1.04bn | $527.1m | $269.9m | $277.9m | $300.6m | $209.8m |
| Shares outstanding | 108m | 102m | 90m | 81m | 74m | 61m | 49m | 44m | 39m | 35m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$348.9m | −$348.9m | −$394.1m | −$333.3m | −$225.0m | −$49.9m | −$103.2m | −$61.3m | −$65.3m | $36.1m |
| Capital spending | −$5.8m | −$5.8m | −$14.0m | −$58.4m | −$12.8m | −$3.6m | −$6.8m | −$6.4m | −$10.1m | −$6.2m |
| Free cash flow | −$354.7m | −$354.7m | −$408.1m | −$391.7m | −$237.8m | −$53.5m | −$110.0m | −$67.6m | −$75.4m | $29.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7m | $15.0m | $23.0m | $13.8m | $14.2m | $16.6m | $12.9m | $9.1m |
| Operating income | −$112.8m | −$100.5m | −$98.7m | −$111.5m | −$110.0m | −$120.8m | −$136.4m | −$144.8m |
| Net income | −$106.6m | −$96.2m | −$95.8m | −$101.3m | −$101.3m | −$114.3m | −$128.9m | −$135.7m |
| Diluted earnings per share | -0.80 | -0.72 | -0.88 | -0.93 | -0.93 | -1.05 | -1.27 | -1.33 |
| Cash from operations | −$200.0m | −$117.0m | −$69.0m | −$76.0m | −$99.0m | −$148.0m | −$85.0m | −$84.0m |
| Capital spending | −$1.0m | — | — | — | — | — | — | −$1.0m |
| Free cash flow | −$201.0m | — | — | — | — | — | — | −$85.0m |
| Total assets | $857.2m | $758.8m | $842.1m | $925.3m | $898.9m | $986.2m | $1.19bn | $1.17bn |
| Cash and short-term investments | $437.8m | $376.0m | $449.9m | $511.0m | $459.7m | $503.7m | $601.5m | $658.1m |
| Debt | $23.3m | $19.1m | $26.5m | $27.4m | $27.0m | $38.8m | $20.2m | $19.2m |
| Shareholders' equity | $727.7m | $620.9m | $671.4m | $748.4m | $715.3m | $779.9m | $872.0m | $962.6m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -609.9% | -896.8% | -1326.5% | -909.8% | -810.4% | -235.5% |
| Net margin | -609.9% | -896.8% | -1326.5% | -909.8% | -785.8% | -216.5% |
| Return on equity | -61.5% | -59.5% | -45.8% | -38.4% | -25.0% | -23.8% |
| Return on assets | -49.0% | -43.6% | -37.0% | -31.2% | -20.1% | -18.6% |
| Free cash flow yield | -25.4% | -27.0% | -33.7% | -27.1% | -22.9% | -6.1% |
| Revenue growth | 16.9% | 59.6% | -30.4% | 57.7% | -43.0% | 34.5% |
| Earnings growth | -20.5% | 7.9% | 1.5% | 82.6% | 106.8% | 26.2% |
| Current ratio | 5.08x | 5.77x | 8.67x | 9.61x | 6.11x | 9.59x |
| Debt to equity | 0.04x | 0.02x | 0.02x | 0.01x | 0.01x | 0.01x |
| Equity ratio | 79.7% | 73.2% | 80.7% | 81.3% | 80.4% | 77.9% |
| Interest coverage | — | — | — | -55.51x | -38.87x | -58.07x |
| R&D as a share of sales | 574.6% | 805.7% | 1199.4% | 805.8% | 695.3% | 259.4% |
| Buybacks as a share of market value | -6.4% | -12.6% | -11.4% | -9.1% | -21.4% | -24.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.1% | 3.1% | 27.3% |
| Operating income | -1.3% | 26.4% | 41.8% |
| Net income | -4.5% | 26.9% | 42.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -776.8% | -910.8% | -771.5% | -624.0% |
| Net margin | -742.1% | -882.0% | -745.1% | -601.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.4 | -1.3 | -3.3 | -3.5 | -19.6 | -15.3 | -4.2 | -4.1 | -6.4 | -8.3 |
| Price to sales | 14.4 | 11.9 | 43.9 | 31.4 | 153.8 | 33.2 | 9.7 | 11.5 | 16.6 | 15.9 |
Market value over time
30 Nov 2016 to 30 Oct 2026, in USD
$540.5m$1.66bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 28% | -62% | -11% | -71% | 96% | 305% | 13% | -22% | 11% | -28% |
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.