U 
22.79
+5.02%
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
$16.1m
FY2016FY2025
Net income
−$199.0m
FY2016FY2025
Free cash flow
−$178.4m
FY2016FY2025
Shareholders' equity
$198.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.1m | $27.1m | $15.8m | $106.5m | $524.0m | $37.5m | $7.3m | $11.3m | $13.1m | $25.1m |
| Research and development | $140.7m | $143.8m | $214.9m | $197.6m | $143.5m | $122.4m | $94.7m | $74.8m | $72.4m | $72.5m |
| Operating income | −$148.3m | −$194.8m | −$290.2m | −$143.2m | $311.7m | −$138.6m | −$123.9m | −$88.2m | −$78.2m | −$71.9m |
| Net income | −$199.0m | −$239.6m | −$308.5m | −$126.8m | $329.6m | −$125.0m | −$124.2m | −$83.3m | −$80.4m | −$73.4m |
| Diluted earnings per share | -3.46 | -4.90 | -6.45 | -2.70 | 7.04 | -2.81 | -3.11 | -2.34 | -2.98 | -2.93 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $824.9m | $556.5m | $831.7m | $705.0m | $809.2m | $340.4m | $448.6m | $273.9m | $208.9m | $190.3m |
| Cash and short-term investments | $622.5m | $367.5m | $617.9m | $352.8m | $556.3m | $244.9m | $377.8m | $234.9m | $159.4m | $132.5m |
| Total liabilities | $626.0m | $563.3m | $624.0m | $229.0m | $213.4m | $96.5m | $125.6m | $94.3m | $118.9m | $126.6m |
| Debt | $522.9m | $486.3m | $496.0m | $102.8m | $101.0m | $35.6m | $36.1m | $35.5m | $20.8m | $20.2m |
| Shareholders' equity | $198.9m | −$6.8m | $207.7m | $476.0m | $595.8m | $243.9m | $323.1m | $179.6m | $89.9m | $63.6m |
| Shares outstanding | 58m | 49m | 48m | 47m | 47m | 44m | 40m | 36m | 27m | 25m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$178.0m | −$182.7m | −$145.9m | −$145.1m | $288.0m | −$134.8m | −$98.7m | −$76.0m | −$64.3m | −$72.2m |
| Capital spending | −$439,000 | −$3.4m | −$7.2m | −$17.7m | −$17.4m | −$9.5m | −$6.6m | −$4.2m | −$5.6m | −$17.2m |
| Free cash flow | −$178.4m | −$186.1m | −$153.1m | −$162.7m | $270.5m | −$144.3m | −$105.3m | −$80.3m | −$69.9m | −$89.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8m | $3.6m | $5.6m | $3.7m | $5.3m | $1.6m | $5.2m | $2.3m |
| Operating income | −$69.9m | −$44.2m | −$52.2m | −$55.2m | −$43.9m | −$32.2m | −$57.5m | −$32.7m |
| Net income | −$81.1m | −$53.5m | −$37.1m | −$80.5m | −$37.7m | −$43.6m | −$73.3m | −$44.4m |
| Diluted earnings per share | -1.22 | -0.81 | -0.64 | -1.40 | -0.66 | -0.76 | -1.50 | -0.91 |
| Cash from operations | −$28.0m | −$38.0m | −$77.0m | −$16.0m | −$39.0m | −$44.0m | −$52.0m | −$36.0m |
| Capital spending | — | — | — | — | — | — | — | −$8.0m |
| Free cash flow | — | — | — | — | — | — | — | −$44.0m |
| Total assets | $985.1m | $778.7m | $824.9m | $888.4m | $584.9m | $605.4m | $556.5m | $645.8m |
| Cash and short-term investments | $810.3m | $586.5m | $622.5m | $694.2m | $377.0m | $409.0m | $367.5m | $435.2m |
| Debt | $53.1m | $52.9m | $53.6m | $55.8m | $55.8m | $55.3m | $54.9m | $62.1m |
| Shareholders' equity | $324.1m | $149.3m | $198.9m | $228.7m | −$4.0m | $33.7m | −$6.8m | $55.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -46.7% | -15.6% | 4.6% |
| Operating income | 1.2% | 1.4% | 7.1% |
| Net income | 16.2% | 9.7% | 9.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -793.9% | -469.0% | -83.0% | -131.0% |
| Net margin | -1014.7% | -527.8% | -92.0% | -139.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.5 | -1.2 | -0.3 | -1.6 | 0.6 | -2.5 | -4.5 | -2.4 | -1.3 | -0.4 |
| Price to sales | 55.1 | 10.4 | 6.7 | 1.9 | 0.4 | 8.4 | 76.9 | 17.8 | 7.9 | 1.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 200% | 137% | -49% | 0% | -43% | -44% | 159% | 57% | 189% | -63% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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