P 
76.46
+1.50%
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
$1.32bn
FY2017FY2025
Net income
−$100.8m
FY2017FY2025
Free cash flow
$215.1m
FY2017FY2025
Shareholders' equity
$1.26bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.32bn | $1.15bn | $950.0m | $720.2m | $514.8m | $400.3m | $289.2m | $186.4m | $112.3m |
| Gross profit | $1.04bn | $946.1m | $775.5m | $571.8m | $416.5m | $328.6m | $236.0m | $149.0m | $86.9m |
| Research and development | $356.6m | $313.0m | $300.6m | $271.0m | $237.3m | $124.7m | $87.0m | $56.0m | $39.8m |
| Operating income | −$117.8m | −$136.4m | −$215.7m | −$290.5m | −$286.8m | −$94.8m | −$82.1m | −$55.0m | −$55.1m |
| Net income | −$100.8m | −$106.0m | −$189.7m | −$286.9m | −$265.2m | −$96.2m | −$83.1m | −$56.7m | −$55.5m |
| Diluted earnings per share | -0.67 | -0.71 | -1.32 | -2.07 | -2.00 | -0.82 | -0.71 | -2.83 | -0.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $2.24bn | $2.10bn | $1.89bn | $1.74bn | $1.69bn | $820.8m | $503.7m | $275.0m | $176.2m |
| Cash and short-term investments | $768.5m | $775.4m | $678.0m | $582.2m | $586.1m | $379.9m | $118.5m | $94.9m | $60.3m |
| Total liabilities | $976.8m | $813.0m | $738.0m | $623.6m | $501.4m | $1.09bn | $757.4m | $474.7m | $150.9m |
| Debt | $26.6m | $43.6m | $45.6m | $47.4m | $49.0m | $50.3m | $51.7m | $52.6m | $6.8m |
| Shareholders' equity | $1.26bn | $1.29bn | $1.16bn | $1.12bn | $1.19bn | −$272.1m | −$253.8m | −$199.7m | $25.4m |
| Shares outstanding | 151m | 149m | 144m | 138m | 133m | 118m | 118m | 20m | 118m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $298.9m | $196.2m | $92.0m | $12.6m | $36.7m | $21.9m | −$7.0m | −$21.1m | −$24.7m |
| Capital spending | −$83.8m | −$19.1m | −$45.0m | −$49.4m | −$27.6m | −$19.0m | −$28.0m | −$21.8m | −$9.1m |
| Free cash flow | $215.1m | $177.0m | $47.0m | −$36.8m | $9.1m | $2.9m | −$35.0m | −$42.9m | −$33.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $375.2m | $359.3m | $349.1m | $338.9m | $323.9m | $310.6m | $302.0m | $295.9m |
| Gross profit | $299.8m | $287.8m | $277.3m | $270.1m | $256.2m | $245.7m | $245.2m | $240.9m |
| Operating income | $4.3m | −$5.4m | −$40.4m | −$15.0m | −$30.3m | −$36.2m | −$66.2m | −$36.5m |
| Net income | $16.9m | −$9.1m | −$37.6m | −$9.1m | −$21.1m | −$33.0m | −$62.3m | −$26.4m |
| Diluted earnings per share | 0.11 | -0.06 | -0.25 | -0.06 | -0.14 | -0.22 | -0.42 | -0.18 |
| Cash from operations | $87.0m | $76.0m | $113.0m | $88.0m | $30.0m | $66.0m | $29.0m | $39.0m |
| Capital spending | −$23.0m | −$20.0m | −$23.0m | −$5.0m | −$2.0m | −$4.0m | −$28.0m | −$16.0m |
| Free cash flow | $64.0m | $56.0m | $90.0m | $83.0m | $28.0m | $62.0m | $1.0m | $23.0m |
| Total assets | $2.24bn | $2.11bn | $2.24bn | $2.06bn | $2.00bn | $1.95bn | $2.10bn | $2.02bn |
| Cash and short-term investments | $655.9m | $604.9m | $768.5m | $684.0m | $620.9m | $566.7m | $775.4m | $756.9m |
| Debt | — | $8.0m | $6.8m | $9.5m | $7.2m | $7.2m | $6.0m | — |
| Shareholders' equity | $1.28bn | $1.20bn | $1.26bn | $1.22bn | $1.22bn | $1.18bn | $1.29bn | $1.29bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 78.4% | 82.1% | 81.6% | 79.4% | 80.9% | 82.1% |
| Operating margin | -7.0% | -8.9% | -19.6% | -39.5% | -55.7% | -23.7% |
| Net margin | -7.6% | -9.2% | -20.0% | -39.8% | -51.5% | -24.0% |
| Return on equity | -8.0% | -8.2% | -16.4% | -25.7% | -22.3% | 35.3% |
| Return on assets | -4.5% | -5.0% | -10.0% | -16.5% | -15.7% | -11.7% |
| Free cash flow yield | 4.6% | 2.6% | 1.7% | 0.8% | 0.9% | 0.6% |
| Revenue growth | 14.8% | 21.2% | 31.9% | 39.9% | 28.6% | 38.4% |
| Earnings growth | -4.9% | -44.1% | -33.9% | 8.2% | 175.7% | 15.7% |
| Current ratio | 1.32x | 1.51x | 1.49x | 1.50x | 1.86x | 1.86x |
| Debt to equity | 0.01x | 0.00x | 0.01x | 0.01x | 0.01x | -0.02x |
| Equity ratio | 56.4% | 61.3% | 61.0% | 64.2% | 70.3% | -33.2% |
| Interest coverage | -80.51x | -53.86x | -95.28x | -133.18x | -123.11x | -40.29x |
| R&D as a share of sales | 27.0% | 27.2% | 31.6% | 37.6% | 46.1% | 31.1% |
| Buybacks as a share of market value | -1.2% | -3.6% | -4.1% | -4.2% | -12.9% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.5% | 27.1% | — |
| Operating income | -26.0% | 4.4% | — |
| Net income | -29.4% | 0.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 80.2% | 80.4% | 80.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -109.0 | -105.5 | -52.6 | -22.8 | -40.1 |
| Price to sales | 8.3 | 9.7 | 10.5 | 9.1 | 20.7 |
Market value over time
28 May 2021 to 7 Oct 2026, in USD
$2.68bn$8.39bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -2% | 12% | 40% | -36% | -14% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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