Q 
12.09
+12.99%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$2.73bn
FY2016FY2025
Net income
−$1.13bn
FY2016FY2025
Free cash flow
−$83.0m
FY2016FY2025
Shareholders' equity
$1.92bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.73bn | $2.78bn | $3.00bn | $3.27bn | $1.70bn | $1.66bn | $534.9m | $522.3m | $277.7m | $191.6m |
| Gross profit | $1.27bn | $1.29bn | $1.50bn | $1.94bn | $1.28bn | $1.35bn | $320.8m | $315.7m | $156.1m | $118.2m |
| Research and development | $186.2m | $218.7m | $246.8m | $187.9m | $95.7m | $84.3m | $52.6m | $51.6m | $33.6m | $38.7m |
| Operating income | −$919.2m | −$1.94bn | $139.1m | $843.7m | $906.0m | $1.06bn | $92.7m | $95.9m | $9.6m | −$4.4m |
| Net income | −$1.13bn | −$2.05bn | −$10.1m | $548.7m | $704.2m | $810.3m | $72.9m | $74.2m | −$8.2m | −$13.8m |
| Diluted earnings per share | -16.69 | -30.54 | -0.15 | 8.20 | 16.57 | 18.57 | 1.68 | 1.73 | -0.24 | -0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $5.77bn | $6.42bn | $8.56bn | $8.86bn | $2.43bn | $1.87bn | $910.9m | $806.4m | $935.3m | $388.3m |
| Cash and short-term investments | $202.2m | $98.3m | $167.3m | $345.0m | $828.5m | $489.9m | $52.8m | $43.7m | $36.1m | $169.5m |
| Total liabilities | $3.85bn | $3.44bn | $3.56bn | $3.92bn | $501.0m | $538.5m | $351.0m | $380.8m | $708.1m | $187.6m |
| Debt | $2.68bn | $2.51bn | $2.41bn | $2.66bn | — | — | $17.5m | $107.6m | $397.4m | $148.4m |
| Shareholders' equity | $1.92bn | $2.98bn | $5.01bn | $4.93bn | $1.93bn | $1.33bn | $559.8m | $425.6m | $227.1m | $200.6m |
| Shares outstanding | 68m | 67m | 67m | 67m | 43m | 44m | 43m | 43m | 34m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $105.2m | $83.0m | $280.2m | $885.3m | $805.9m | $629.8m | $134.5m | $136.3m | $27.7m | $11.8m |
| Capital spending | −$188.2m | −$195.1m | −$209.3m | −$140.9m | −$292.7m | −$64.9m | −$27.2m | −$31.7m | −$17.5m | −$11.9m |
| Free cash flow | −$83.0m | −$112.1m | $70.9m | $744.4m | $513.1m | $564.8m | $107.3m | $104.7m | $10.2m | −$94,000 |
| Dividends paid | — | — | — | — | — | — | — | — | −$255.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $630.9m | $619.8m | $723.6m | $699.9m | $613.9m | $692.8m | $707.8m | $727.1m |
| Gross profit | $272.9m | $263.8m | $320.4m | $335.6m | $274.9m | $343.3m | $326.1m | $352.3m |
| Operating income | −$28.6m | −$31.5m | −$37.3m | $45.2m | −$1.8m | $48.7m | $16.0m | $52.0m |
| Net income | −$92.9m | −$91.8m | −$130.7m | −$733.0m | −$255.4m | −$12.7m | −$178.0m | −$20.0m |
| Diluted earnings per share | -1.36 | -1.34 | -1.92 | -10.78 | -3.77 | -0.19 | -2.61 | -0.30 |
| Cash from operations | −$110.0m | −$33.0m | $131.0m | −$45.0m | −$46.0m | $65.0m | $63.0m | $117.0m |
| Capital spending | −$25.0m | −$34.0m | −$45.0m | −$49.0m | −$6.0m | −$10.0m | −$47.0m | −$46.0m |
| Free cash flow | −$135.0m | −$67.0m | $86.0m | −$94.0m | −$52.0m | $55.0m | $16.0m | $71.0m |
| Total assets | $5.72bn | $5.63bn | $5.77bn | $5.68bn | $6.38bn | $6.46bn | $6.42bn | $6.80bn |
| Cash and short-term investments | $123.4m | $140.4m | $202.2m | $98.1m | $151.7m | $127.1m | $98.3m | $143.7m |
| Debt | $2.92bn | $2.72bn | $2.68bn | $2.50bn | $2.07bn | $2.11bn | $2.14bn | $2.18bn |
| Shareholders' equity | $1.77bn | $1.85bn | $1.92bn | $2.04bn | $2.79bn | $3.00bn | $2.98bn | $3.19bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 46.7% | 46.2% | 49.9% | 59.3% | 75.3% | 81.2% |
| Operating margin | -34.1% | -69.8% | 5.0% | 24.8% | 53.0% | 63.2% |
| Net margin | -41.5% | -73.7% | -0.3% | 16.8% | 41.5% | 48.8% |
| Return on equity | -58.9% | -68.8% | -0.2% | 11.1% | 36.5% | 60.8% |
| Return on assets | -19.6% | -31.9% | -0.1% | 6.2% | 29.0% | 43.3% |
| Free cash flow yield | 32.7% | 31.2% | 54.9% | 115.8% | 195.1% | 120.2% |
| Revenue growth | -1.9% | -7.2% | -8.2% | 92.3% | 2.2% | 210.7% |
| Earnings growth | -44.8% | 20216.8% | -101.8% | -22.1% | -13.1% | 1011.2% |
| Current ratio | 1.50x | 1.22x | 1.57x | 1.56x | 4.45x | 3.39x |
| Debt to equity | 1.40x | 0.84x | 0.49x | 0.54x | 0.01x | 0.01x |
| Equity ratio | 33.3% | 46.5% | 58.5% | 55.7% | 79.4% | 71.2% |
| Interest coverage | -5.24x | -10.32x | 0.84x | 10.88x | 1286.57x | 831.31x |
| R&D as a share of sales | 6.8% | 7.9% | 8.2% | 5.8% | 5.6% | 5.1% |
| Buybacks as a share of market value | -0.9% | 0.1% | -0.6% | -57.4% | 2.6% | -0.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.8% | 10.4% | 30.1% |
| Net income | — | — | 68.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.4% | 50.9% | 57.0% | 57.3% |
| Operating margin | -51.9% | -16.0% | 0.6% | 1.7% |
| Net margin | -57.7% | -22.5% | -7.5% | -6.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | -1.5 | -491.1 | 10.4 | 8.2 | 9.7 | 44.5 | 28.2 | -182.3 | -51.0 |
| Price to sales | 0.7 | 1.1 | 1.6 | 1.8 | 3.4 | 4.7 | 6.1 | 4.0 | 5.4 | 3.7 |
Market value over time
30 Nov 2016 to 30 Oct 2026, in USD
$749.2m$905.0m
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -33% | -42% | -11% | -53% | -15% | 180% | 53% | 5% | 124% | 2% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 27 May 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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