P 
332.97
+19.94%
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
—
FY2018FY2025
Net income
−$303.3m
FY2018FY2025
Free cash flow
−$249.1m
FY2018FY2025
Shareholders' equity
$878.1m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $8.6m | $2.4m | $1.5m | — | — | — | — |
| Research and development | $267.1m | $152.4m | $86.8m | $155.0m | $120.3m | $45.0m | $29.6m | $18.8m |
| Operating income | −$326.2m | −$200.2m | −$126.4m | −$215.0m | −$167.3m | −$62.0m | −$35.8m | −$26.3m |
| Net income | −$303.3m | −$182.8m | −$123.3m | −$213.1m | −$166.9m | −$61.8m | −$35.5m | −$26.5m |
| Diluted earnings per share | -13.48 | -9.15 | -13.61 | -67.15 | -55.67 | -24.23 | -31.01 | -29.99 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $937.9m | $483.1m | $87.9m | $115.1m | $292.7m | $303.2m | $47.7m | $19.8m |
| Cash and short-term investments | $599.3m | $392.6m | $81.3m | $100.5m | $275.9m | $296.6m | $44.8m | $17.9m |
| Total liabilities | $59.8m | $37.7m | $18.3m | $39.0m | $41.9m | $15.7m | $7.6m | $5.1m |
| Shareholders' equity | $878.1m | $445.4m | $69.7m | $76.1m | $250.8m | $287.5m | $40.1m | $14.7m |
| Shares outstanding | 23m | 20m | 9m | 3m | 3m | 3m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$249.1m | −$131.8m | −$111.1m | −$185.0m | −$124.6m | −$52.6m | −$32.8m | −$20.7m |
| Capital spending | −$56,000 | — | −$50,000 | −$444,000 | −$1.1m | −$4,000 | −$103,000 | −$63,000 |
| Free cash flow | −$249.1m | −$131.8m | −$111.2m | −$185.5m | −$125.6m | −$52.6m | −$32.9m | −$20.8m |
| Dividends paid | — | — | — | −$811,000 | — | −$696,000 | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $7.5m | $302,000 |
| Operating income | −$96.9m | −$105.9m | −$97.0m | −$78.4m | −$76.1m | −$74.7m | −$64.0m | −$56.8m |
| Net income | −$83.7m | −$92.6m | −$88.9m | −$73.9m | −$71.1m | −$69.3m | −$58.7m | −$51.9m |
| Diluted earnings per share | -2.87 | -3.18 | -3.95 | -3.29 | -3.16 | -3.08 | -2.94 | -2.60 |
| Cash from operations | −$77.0m | −$86.0m | −$77.0m | −$64.0m | −$54.0m | −$52.0m | −$56.0m | −$27.0m |
| Total assets | $1.39bn | $1.46bn | $937.9m | $396.4m | $452.8m | $478.7m | $483.1m | $416.3m |
| Cash and short-term investments | $758.6m | $786.9m | $599.3m | $267.2m | $301.3m | $328.0m | $392.6m | $357.0m |
| Debt | $1.1m | $1.4m | $110,000 | $436,000 | $755,000 | $1.1m | $1.3m | $1.2m |
| Shareholders' equity | $1.34bn | $1.41bn | $878.1m | $343.5m | $404.2m | $439.2m | $445.4m | $382.7m |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -2137.5% | -5037.9% | -14684.8% | — | — | — | — |
| Net margin | — | -2137.5% | -5037.9% | -14554.1% | — | — | — | — |
| Return on equity | -34.5% | -41.0% | -176.9% | -280.0% | -66.5% | -21.5% | — | — |
| Return on assets | -32.3% | -37.8% | -140.2% | -185.1% | -57.0% | -20.4% | — | — |
| Free cash flow yield | -4.0% | — | -4.4% | -20.9% | -14.8% | -7.4% | -10.3% | — |
| Revenue growth | — | 249.5% | 67.1% | — | — | — | — | — |
| Earnings growth | 65.9% | 48.3% | -42.1% | 27.7% | 169.9% | 74.1% | — | — |
| Current ratio | 10.22x | 10.77x | 5.39x | 3.12x | 7.64x | 19.23x | — | — |
| Debt to equity | 0.00x | 0.00x | 0.02x | 0.01x | 0.02x | 0.00x | — | — |
| Equity ratio | 93.6% | 92.2% | 79.2% | 66.1% | 85.7% | 94.8% | — | — |
| Interest coverage | — | — | — | -513.09x | -919.41x | -326.15x | — | -206.89x |
| R&D as a share of sales | — | 1782.0% | 3545.8% | 10590.2% | — | — | — | — |
| Buybacks as a share of market value | -12.6% | -120.5% | -185.6% | -5.9% | -17.5% | -122.8% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 14.9% | 39.4% | — |
| Net income | 12.5% | 37.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -21.9 | -5.0 | -1.0 | -0.1 | -0.2 | -1.5 |
| Price to sales | — | 106.7 | 49.0 | 15.7 | — | — |
Market value over time
30 Oct 2020 to 7 Oct 2026, in USD
$525.0m$8.10bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 547% | 312% | 57% | -47% | -63% | 76% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 29 Nov 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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