N 
10.89
+1.02%
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
$1.12bn
FY2016FY2025
Net income
$440.3m
FY2016FY2025
Free cash flow
−$250.2m
FY2016FY2025
Shareholders' equity
−$127.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.12bn | $682.2m | $556.4m | $1.60bn | $1.15bn | $475.6m | $18.7m | $34.3m | $31.2m | $15.4m |
| Research and development | $336.8m | $391.2m | $737.5m | $1.24bn | $2.53bn | $747.0m | $113.8m | $173.8m | $168.4m | $237.9m |
| Operating income | $563.3m | −$248.9m | −$566.5m | −$633.8m | −$1.69bn | −$416.7m | −$119.1m | −$173.9m | −$171.7m | −$269.1m |
| Net income | $440.3m | −$187.5m | −$545.1m | −$657.9m | −$1.74bn | −$427.5m | −$130.1m | −$184.7m | −$183.8m | −$280.0m |
| Diluted earnings per share | 2.54 | -1.17 | -4.41 | -8.24 | -23.44 | -6.50 | -4.64 | -9.64 | -11.63 | -20.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.18bn | $1.56bn | $1.80bn | $2.26bn | $2.58bn | $1.58bn | $173.0m | $208.0m | $302.5m | $394.3m |
| Cash and short-term investments | $735.1m | $923.1m | $568.5m | $1.34bn | $1.52bn | $711.0m | $78.8m | $70.2m | $106.3m | $144.4m |
| Total liabilities | $1.30bn | $2.18bn | $2.51bn | $2.89bn | $2.93bn | $955.3m | $359.0m | $375.9m | $404.2m | $399.8m |
| Debt | $246.7m | $230.0m | $229.1m | $549.8m | $454.0m | $468.0m | $320.6m | $319.2m | $317.8m | $316.3m |
| Shareholders' equity | −$127.8m | −$623.8m | −$716.9m | −$634.1m | −$351.7m | $627.2m | −$186.0m | −$167.9m | −$101.7m | −$5.5m |
| Shares outstanding | 173m | 160m | 124m | 80m | 74m | 66m | 28m | 19m | 16m | 14m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$244.6m | −$87.3m | −$714.0m | −$415.9m | $322.9m | −$42.5m | −$136.6m | −$184.8m | −$138.7m | −$255.5m |
| Capital spending | −$5.6m | −$13.1m | −$58.8m | −$93.0m | −$57.5m | −$54.6m | −$1.9m | −$1.4m | −$4.2m | −$18.2m |
| Free cash flow | −$250.2m | −$100.3m | −$772.8m | −$508.9m | $265.5m | −$97.2m | −$138.5m | −$186.2m | −$142.9m | −$273.7m |
| Dividends paid | — | — | — | — | — | −$39.1m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $56.7m | $139.5m | $147.1m | $70.4m | $239.2m | $666.7m | $88.3m | $84.5m |
| Operating income | −$54.9m | −$3.6m | $21.0m | −$197.6m | $111.2m | $521.2m | −$66.0m | −$134.0m |
| Net income | −$53.4m | −$9.5m | $17.5m | −$202.4m | $106.5m | $518.6m | −$81.0m | −$121.3m |
| Diluted earnings per share | -0.32 | -0.06 | 0.10 | -1.17 | 0.62 | 3.00 | -0.51 | -0.76 |
| Cash from operations | −$75.0m | −$32.0m | −$39.0m | $107.0m | −$127.0m | −$185.0m | −$173.0m | −$144.0m |
| Capital spending | −$1.0m | −$1.0m | −$2.0m | −$2.0m | — | −$1.0m | −$2.0m | −$2.0m |
| Free cash flow | −$76.0m | −$33.0m | −$41.0m | $105.0m | — | −$186.0m | −$175.0m | −$146.0m |
| Total assets | $955.6m | $1.04bn | $1.18bn | $1.18bn | $1.34bn | $1.29bn | $1.56bn | $1.71bn |
| Cash and short-term investments | $719.3m | $790.3m | $735.1m | $762.9m | $612.3m | $731.5m | $923.1m | $909.5m |
| Debt | $295.6m | $293.2m | $246.7m | $248.9m | $176.1m | $175.6m | $176.7m | $178.9m |
| Shareholders' equity | −$190.7m | −$144.8m | −$127.8m | −$156.7m | $37.6m | −$75.6m | −$623.8m | −$526.4m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 41.4% | -22.9% | -95.0% | -39.6% | -147.1% | -87.6% |
| Net margin | 39.2% | -27.5% | -98.0% | -41.1% | -152.1% | -89.9% |
| Return on equity | -344.7% | 30.1% | 76.0% | 103.8% | 495.8% | -68.2% |
| Return on assets | 37.4% | -12.0% | -30.3% | -29.1% | -67.7% | -27.0% |
| Free cash flow yield | -14.5% | -4.9% | -55.6% | -42.5% | 53.7% | 1.9% |
| Revenue growth | 64.7% | 22.6% | -65.2% | 39.5% | 141.0% | 2448.5% |
| Earnings growth | -334.8% | -65.6% | -17.2% | -62.3% | 307.9% | 228.6% |
| Current ratio | 2.13x | 0.98x | 0.70x | 0.69x | 0.90x | 3.88x |
| Debt to equity | -1.93x | -0.28x | -0.24x | -0.82x | -1.29x | 1.03x |
| Equity ratio | -10.9% | -40.0% | -39.9% | -28.1% | -13.6% | 39.6% |
| Interest coverage | 20.61x | -7.80x | -36.67x | -31.88x | -79.83x | -27.52x |
| R&D as a share of sales | 30.0% | 57.3% | 132.6% | 77.3% | 221.1% | 157.1% |
| Buybacks as a share of market value | -8.0% | -29.6% | -54.9% | -7.3% | -13.2% | -134.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.1% | 18.8% | 41.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 17.4% | -22.4% | -53.7% | -68.0% |
| Net margin | 14.0% | -24.0% | -55.9% | -70.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 2.6 | -6.9 | -1.1 | -1.3 | -6.1 | -17.1 | -0.9 | -1.3 | -0.7 | -0.4 |
| Price to sales | 1.0 | 1.9 | 1.1 | 0.5 | 9.3 | 15.4 | 6.0 | 6.8 | 4.2 | 7.4 |
Market value over time
30 Dec 2016 to 2 Nov 2026, in USD
$352.8m$1.57bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -23% | 65% | -49% | -95% | 63% | 2994% | -71% | 83% | -21% | 17% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 10 May 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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