Q 
4.57
+6.78%
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
−$435.1m
FY2018FY2025
Free cash flow
−$278.8m
FY2018FY2025
Shareholders' equity
$1.17bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | −$73.2m | −$57.8m | −$42.0m | −$36.1m | −$14.7m | −$8.1m | −$6.7m | — |
| Research and development | $375.6m | $311.8m | $284.5m | $269.2m | $140.3m | $58.3m | $40.4m | $35.6m |
| Operating income | −$472.6m | −$511.9m | −$457.5m | −$420.6m | −$215.3m | −$81.0m | −$55.8m | −$45.5m |
| Net income | −$435.1m | −$477.9m | −$445.1m | −$411.9m | −$46.0m | −$1.68bn | −$51.3m | −$44.1m |
| Diluted earnings per share | -0.72 | -0.94 | -0.91 | -0.94 | -0.11 | -5.82 | -0.41 | -3.97 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.31bn | $1.32bn | $1.50bn | $1.48bn | $1.72bn | $1.07bn | $172.4m | $211.2m |
| Cash and short-term investments | $970.8m | $910.8m | $1.07bn | $1.06bn | $1.45bn | $997.6m | $129.9m | $179.2m |
| Total liabilities | $139.2m | $164.5m | $161.8m | $155.9m | $107.1m | $713.3m | $22.0m | $16.5m |
| Debt | $31.9m | $35.1m | $38.0m | $39.4m | $39.4m | — | $2.2m | — |
| Shareholders' equity | $1.17bn | $1.16bn | $1.34bn | $1.32bn | $1.61bn | $351.8m | $148.7m | $193.0m |
| Shares outstanding | 605m | 508m | 491m | 437m | 425m | 289m | 125m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$242.5m | −$274.6m | −$240.0m | −$218.0m | −$127.9m | −$61.3m | −$41.7m | −$35.7m |
| Capital spending | −$36.3m | −$62.1m | −$84.5m | −$158.8m | −$127.2m | −$24.1m | −$9.8m | −$7.4m |
| Free cash flow | −$278.8m | −$336.7m | −$324.5m | −$376.9m | −$255.1m | −$85.4m | −$51.6m | −$43.1m |
| Dividends paid | — | — | — | — | −$94.4m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.5m | — | — | −$36.7m | $36.7m | — | $79.6m | — |
| Gross profit | $14.8m | −$14.8m | −$15.4m | −$14.2m | −$19.5m | −$18.3m | −$18.0m | −$14.9m |
| Operating income | −$106.1m | −$109.2m | −$110.4m | −$115.0m | −$123.6m | −$123.6m | −$128.7m | −$130.2m |
| Net income | −$98.2m | −$100.8m | −$100.1m | −$105.8m | −$114.7m | −$114.4m | −$114.7m | −$119.6m |
| Diluted earnings per share | -0.16 | -0.16 | -0.17 | -0.18 | -0.19 | -0.19 | -0.23 | -0.24 |
| Cash from operations | −$56.0m | −$59.0m | −$56.0m | −$63.0m | −$61.0m | −$60.0m | −$58.0m | −$92.0m |
| Capital spending | −$4.0m | −$9.0m | −$12.0m | −$9.0m | −$8.0m | −$5.0m | −$11.0m | −$17.0m |
| Free cash flow | −$60.0m | −$68.0m | −$68.0m | −$72.0m | −$69.0m | −$65.0m | −$69.0m | −$109.0m |
| Total assets | $1.17bn | $1.23bn | $1.31bn | $1.34bn | $1.17bn | $1.26bn | $1.32bn | $1.27bn |
| Cash and short-term investments | $859.0m | $904.7m | $970.8m | $1.00bn | $797.5m | $860.3m | $910.8m | $841.0m |
| Debt | $8.7m | $8.5m | $8.2m | $37.3m | $39.4m | $40.0m | $40.6m | $41.2m |
| Shareholders' equity | $1.05bn | $1.11bn | $1.17bn | $1.22bn | $1.02bn | $1.11bn | $1.16bn | $1.11bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 4.0% | 42.3% | — |
| Net income | 1.8% | -23.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -14.5 | -5.5 | -7.7 | -6.0 | -205.0 | -8.6 |
Market value over time
31 Aug 2020 to 16 Oct 2026, in USD
$2.38bn$2.46bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 117% | -33% | 30% | -74% | -60% | 859% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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