O 
7.36
+0.41%
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.
Net income
−$162.5m
FY2018FY2025
Free cash flow
−$146.7m
FY2018FY2025
Shareholders' equity
$478.6m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | — | −$393,000 | −$377,000 | −$1.7m | −$1.7m | −$11,000 | −$9,033 | −$8,244 |
| Research and development | $157.7m | $124.5m | $86.1m | $82.3m | $51.1m | $13.7m | $3.9m | $1.7m |
| Operating income | −$178.7m | −$142.3m | −$105.0m | −$107.0m | −$71.5m | −$21.5m | −$4.3m | −$2.1m |
| Net income | −$162.5m | −$129.5m | −$96.7m | −$102.6m | −$71.1m | −$22.1m | −$4.3m | −$2.2m |
| Diluted earnings per share | -1.78 | -2.20 | -1.76 | -2.55 | -1.79 | -1.10 | -0.31 | -0.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $533.4m | $451.0m | $276.9m | $215.6m | $295.9m | $342.7m | $132,000 | $3.3m |
| Cash and short-term investments | $505.4m | $434.1m | $261.8m | $204.4m | $287.3m | $338.5m | $68,000 | $3.1m |
| Total liabilities | $54.9m | $42.0m | $23.1m | $18.1m | $11.4m | $4.6m | $10.7m | $9.5m |
| Debt | $3.0m | — | — | — | — | — | — | — |
| Shareholders' equity | $478.6m | $409.0m | $253.9m | $197.5m | $284.6m | $338.1m | −$10.6m | −$6.3m |
| Shares outstanding | 91m | 59m | 55m | 40m | 40m | 20m | 14m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$146.7m | −$104.4m | −$83.7m | −$82.1m | −$50.7m | −$19.9m | −$3.1m | −$2.2m |
| Capital spending | — | −$159,000 | — | −$363,000 | −$1.6m | −$56,000 | −$56,000 | −$56,000 |
| Free cash flow | −$146.7m | −$104.5m | −$83.7m | −$82.4m | −$52.3m | −$19.9m | −$3.1m | −$2.2m |
| Dividends paid | — | — | — | — | — | −$3.1m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $364,000 | — |
| Gross profit | — | −$119,000 | −$187,000 | — | — | −$128,000 | $182,000 | −$95,000 |
| Operating income | −$67.2m | −$58.0m | −$50.1m | −$45.9m | −$47.9m | −$34.9m | −$36.8m | −$37.6m |
| Net income | −$63.2m | −$53.1m | −$46.1m | −$42.2m | −$43.8m | −$30.4m | −$33.6m | −$34.6m |
| Diluted earnings per share | -0.61 | -0.51 | -0.50 | -0.46 | -0.48 | -0.33 | -0.57 | -0.59 |
| Cash from operations | −$45.0m | −$45.0m | −$38.0m | −$34.0m | −$29.0m | −$43.0m | −$26.0m | −$27.0m |
| Total assets | $486.6m | $530.6m | $533.4m | $352.5m | $382.0m | $409.6m | $451.0m | $230.2m |
| Cash and short-term investments | $461.1m | $505.3m | $505.4m | $329.0m | $361.9m | $392.7m | $434.1m | $214.8m |
| Debt | $660,000 | $4.0m | $4.1m | $4.2m | $4.2m | $1.0m | $1.2m | $1.1m |
| Shareholders' equity | $430.6m | $480.5m | $478.6m | $307.5m | $345.2m | $383.5m | $409.0m | $198.9m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Return on equity | -33.9% | -31.7% | -38.1% | -51.9% | -25.0% | -6.5% | — | — |
| Return on assets | -30.5% | -28.7% | -34.9% | -47.6% | -24.0% | -6.5% | — | — |
| Free cash flow yield | — | -24.1% | — | -27.7% | -16.8% | -13.4% | -2.9% | -9.6% |
| Earnings growth | 25.5% | 34.0% | -5.8% | 44.3% | 221.4% | 412.5% | — | — |
| Current ratio | 9.95x | 10.50x | 12.33x | 12.62x | 32.23x | 74.62x | — | — |
| Debt to equity | 0.01x | 0.00x | 0.00x | 0.01x | 0.00x | — | — | — |
| Equity ratio | 89.7% | 90.7% | 91.7% | 91.6% | 96.2% | 98.7% | — | — |
| Interest coverage | — | — | — | -299.69x | -306.45x | -32.97x | — | -74.25x |
| Buybacks as a share of market value | -55.5% | -7.2% | -36.3% | -1.1% | -97.2% | -43.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 18.6% | 52.7% | — |
| Net income | 16.6% | 49.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -14.1 | -2.6 | -8.0 | -1.0 | -5.2 | -17.5 |
Market value over time
30 Nov 2020 to 3 Nov 2026, in USD
$153.0m$767.7m
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 427% | -57% | 468% | -75% | -44% | -12% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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