P 
135.90
+2.92%
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
$46.0m
FY2016FY2025
Net income
−$130.1m
FY2016FY2025
Free cash flow
$56.1m
FY2016FY2025
Shareholders' equity
$614.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46.0m | $434.4m | $60.0m | $26.6m | $27.4m | $28.6m | $231,000 | $30.9m | $20.1m | — |
| Gross profit | $44.8m | $434.4m | $60.0m | $26.6m | $27.4m | $28.6m | $231,000 | $30.9m | $20.1m | −$317,000 |
| Research and development | $159.3m | $138.1m | $120.2m | $126.2m | $126.0m | $76.0m | $65.0m | $59.5m | $46.2m | $25.7m |
| Operating income | −$158.1m | $252.8m | −$93.7m | −$131.4m | −$125.8m | −$64.5m | −$80.5m | −$42.3m | −$37.9m | −$32.7m |
| Net income | −$130.1m | $275.2m | −$79.0m | −$123.4m | −$125.6m | −$66.2m | −$77.2m | −$38.9m | −$37.0m | −$37.2m |
| Diluted earnings per share | -2.05 | 4.14 | -1.28 | -2.51 | -2.61 | -1.67 | -2.80 | -1.61 | -1.83 | -2.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $669.9m | $744.7m | $358.0m | $247.9m | $347.7m | $324.5m | $154.9m | $139.5m | $163.7m | $94.0m |
| Cash and short-term investments | $567.4m | $418.9m | $341.6m | $237.4m | $326.9m | $305.8m | $133.0m | $128.9m | $144.0m | $77.6m |
| Total liabilities | $55.2m | $69.4m | $21.3m | $32.3m | $47.7m | $44.9m | $75.0m | $27.0m | $43.1m | $6.4m |
| Debt | — | — | — | — | — | — | $9.8m | — | — | — |
| Shareholders' equity | $614.7m | $675.3m | $336.7m | $215.6m | $300.0m | $279.6m | $80.0m | −$140.5m | −$101.5m | −$64.6m |
| Shares outstanding | 64m | 66m | 62m | 49m | 48m | 40m | 28m | 24m | 20m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $57.7m | $184.2m | −$70.2m | −$108.1m | −$107.9m | −$72.5m | −$41.5m | −$49.9m | $3.9m | −$30.0m |
| Capital spending | −$1.6m | −$1.4m | −$609,000 | −$795,000 | −$1.1m | −$471,000 | −$967,000 | −$486,000 | −$666,000 | −$379,000 |
| Free cash flow | $56.1m | $182.8m | −$70.8m | −$108.9m | −$109.0m | −$73.0m | −$42.5m | −$50.4m | $3.2m | −$30.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $213.5m | $56.4m | $7.4m | $4.7m | $5.5m | $28.3m | $170.6m | $4.7m |
| Gross profit | $213.5m | $56.0m | $7.4m | $4.7m | $5.5m | $28.3m | $170.6m | $4.7m |
| Operating income | $158.8m | −$3.6m | −$50.4m | −$46.4m | −$42.0m | −$19.3m | $126.8m | −$41.5m |
| Net income | $162.8m | $3.8m | −$44.4m | −$39.3m | −$34.8m | −$11.7m | $131.7m | −$33.2m |
| Diluted earnings per share | 2.29 | 0.05 | -0.70 | -0.62 | -0.55 | -0.18 | 1.98 | -0.50 |
| Cash from operations | $219.0m | −$48.0m | −$36.0m | −$1.0m | −$28.0m | $125.0m | −$29.0m | −$27.0m |
| Capital spending | — | — | −$1.0m | — | — | — | — | — |
| Free cash flow | — | — | −$37.0m | — | — | — | — | — |
| Total assets | $885.5m | $697.5m | $669.9m | $701.7m | $718.0m | $742.1m | $744.7m | $603.9m |
| Cash and short-term investments | $782.6m | $547.8m | $567.4m | $576.1m | $570.5m | $574.4m | $418.9m | $468.7m |
| Debt | $2.4m | $2.3m | $2.3m | $2.2m | $2.2m | $1.6m | $510,000 | $45,000 |
| Shareholders' equity | $841.5m | $655.5m | $614.7m | $645.4m | $668.0m | $689.1m | $675.3m | $531.9m |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 97.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | — |
| Operating margin | -281.0% | 64.3% | -131.6% | -494.2% | -458.9% | -225.4% | — |
| Net margin | -282.8% | 63.3% | -131.6% | -464.3% | -458.9% | -231.1% | — |
| Return on equity | -21.2% | 40.8% | -23.5% | -57.2% | -41.8% | -23.7% | — |
| Return on assets | -19.4% | 37.0% | -22.1% | -49.8% | -36.1% | -20.4% | — |
| Free cash flow yield | 0.6% | 1.9% | -0.8% | -1.5% | -1.5% | -1.3% | — |
| Revenue growth | -89.4% | 624.1% | 125.7% | -2.8% | -4.4% | 12293.1% | — |
| Earnings growth | -147.3% | -448.5% | -36.0% | -1.7% | 89.8% | -14.3% | — |
| Current ratio | 12.71x | 12.48x | 16.71x | 7.80x | 7.74x | 7.84x | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.01x | 0.01x | 0.01x | — |
| Equity ratio | 91.8% | 90.7% | 94.1% | 87.0% | 86.3% | 86.2% | — |
| Interest coverage | — | — | — | -38.99x | -50.60x | -107.89x | -459.82x |
| R&D as a share of sales | 346.2% | 31.8% | 200.3% | 474.8% | 460.6% | 265.4% | — |
| Buybacks as a share of market value | 4.3% | -7.5% | -25.4% | -2.3% | -21.6% | -43.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.1% | 10.0% | — |
| Operating income | 6.4% | 19.6% | 26.7% |
| Net income | 1.8% | 14.5% | 24.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 99.7% | 99.8% | 99.8% | — |
| Operating margin | 19.7% | -23.0% | -51.5% | — |
| Net margin | 30.2% | -10.1% | -40.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -42.7 | 9.3 | -17.9 | -4.3 | -6.6 | -2.3 | -0.5 | -0.8 | -0.9 | -0.8 |
| Price to sales | 120.7 | 5.9 | 23.6 | 20.2 | 30.1 | 5.3 | 160.3 | 1.0 | 1.7 | — |
Market value over time
30 Nov 2016 to 9 Oct 2026, in USD
$211.7m$10.21bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 120% | 79% | 143% | -43% | 255% | 216% | 8% | -17% | -15% | 95% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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