U 
16.41
+6.35%
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
$673.0m
FY2016FY2025
Net income
−$575.0m
FY2016FY2025
Free cash flow
−$472.0m
FY2016FY2025
Shareholders' equity
−$80.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $673.0m | $560.2m | $434.2m | $363.3m | $351.4m | $271.0m | $103.7m | $51.5m | $2.6m | $133,000 |
| Gross profit | $564.0m | $483.5m | $389.0m | $335.0m | $335.4m | $264.9m | $94.7m | $50.3m | $2.6m | $133,000 |
| Research and development | $750.0m | $697.9m | $648.4m | $705.8m | $497.2m | $412.1m | $357.4m | $294.0m | $231.6m | $183.2m |
| Operating income | −$534.0m | −$541.1m | −$569.1m | −$669.8m | −$423.6m | −$330.1m | −$424.2m | −$371.4m | −$328.9m | −$248.0m |
| Net income | −$575.0m | −$569.2m | −$606.6m | −$707.4m | −$454.0m | −$186.6m | −$402.7m | −$197.6m | −$302.1m | −$245.9m |
| Diluted earnings per share | -5.76 | -5.95 | -7.48 | -10.08 | -6.62 | -2.89 | -6.97 | -3.90 | -7.00 | -6.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.53bn | $1.50bn | $1.49bn | $1.55bn | $1.52bn | $1.76bn | $1.14bn | $719.6m | $490.8m | $540.6m |
| Cash and short-term investments | $693.0m | $610.0m | $577.2m | $747.8m | $740.2m | $1.20bn | $755.2m | $459.7m | $244.5m | $498.1m |
| Total liabilities | $1.60bn | $1.24bn | $1.22bn | $1.19bn | $599.8m | $605.2m | $481.7m | $110.7m | $107.3m | $66.7m |
| Debt | $81.0m | $869.7m | $891.6m | $200,000 | $1.0m | $1.2m | — | — | — | — |
| Shareholders' equity | −$80.0m | $255.3m | $275.4m | $352.5m | $922.6m | $1.15bn | $653.8m | $608.9m | $383.5m | $474.0m |
| Shares outstanding | 100m | 96m | 81m | 70m | 69m | 65m | 58m | 51m | 43m | 41m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$466.0m | −$414.2m | −$474.8m | −$380.5m | −$338.7m | −$132.2m | −$345.4m | −$290.6m | −$253.8m | −$161.0m |
| Capital spending | −$6.0m | −$7.5m | −$46.8m | −$146.1m | −$73.1m | −$43.9m | −$24.8m | −$4.1m | −$2.8m | −$10.2m |
| Free cash flow | −$472.0m | −$421.7m | −$521.6m | −$526.6m | −$411.8m | −$176.1m | −$370.2m | −$294.6m | −$256.6m | −$171.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $214.0m | $136.0m | $207.0m | $159.9m | $166.5m | $139.3m | $164.9m | $139.5m |
| Gross profit | $180.0m | $106.0m | $178.0m | $131.9m | $143.5m | $110.6m | $148.0m | $118.5m |
| Operating income | −$74.0m | −$169.0m | −$115.0m | −$171.3m | −$105.8m | −$142.3m | −$127.4m | −$128.2m |
| Net income | −$92.0m | −$185.0m | −$129.0m | −$180.4m | −$115.0m | −$151.1m | −$133.4m | −$133.5m |
| Diluted earnings per share | -0.90 | -1.82 | -1.29 | -1.81 | -1.15 | -1.51 | -1.39 | -1.40 |
| Cash from operations | −$97.0m | −$197.0m | −$99.0m | −$91.0m | −$108.0m | −$166.0m | −$79.0m | −$66.0m |
| Capital spending | −$1.0m | −$1.0m | — | −$1.0m | −$12.0m | −$16.0m | — | −$1.0m |
| Free cash flow | −$98.0m | −$198.0m | — | −$92.0m | −$120.0m | −$182.0m | — | −$67.0m |
| Total assets | $1.26bn | $1.30bn | $1.53bn | $1.19bn | $1.31bn | $1.31bn | $1.50bn | $1.54bn |
| Cash and short-term investments | $292.0m | $413.0m | $693.0m | $435.1m | $477.4m | $494.4m | $610.0m | $621.6m |
| Debt | $76.0m | $72.0m | $81.0m | $77.7m | $11.8m | $10.5m | $10.3m | $10.4m |
| Shareholders' equity | −$291.0m | −$236.0m | −$80.0m | $9.2m | $151.3m | $144.2m | $255.3m | $346.8m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 83.8% | 86.3% | 89.6% | 92.2% | 95.4% | 97.7% |
| Operating margin | -75.6% | -90.1% | -124.9% | -181.3% | -120.5% | -56.1% |
| Net margin | -85.4% | -101.6% | -139.7% | -194.7% | -129.2% | -68.8% |
| Return on equity | 718.8% | -222.9% | -220.3% | -200.7% | -49.2% | -16.2% |
| Return on assets | -37.5% | -37.9% | -40.7% | -45.8% | -29.8% | -10.6% |
| Free cash flow yield | -27.4% | -25.3% | -31.4% | -19.9% | -23.1% | -8.1% |
| Revenue growth | 20.1% | 29.0% | 19.5% | 3.4% | 29.7% | 161.3% |
| Earnings growth | 1.0% | -6.2% | -14.2% | 55.8% | 143.4% | -53.7% |
| Current ratio | 2.48x | 2.37x | 2.61x | 3.38x | 4.72x | 6.83x |
| Debt to equity | -1.01x | 0.04x | 0.05x | 0.03x | 0.01x | 0.01x |
| Equity ratio | -5.2% | 17.0% | 18.5% | 22.8% | 60.6% | 65.6% |
| Interest coverage | -8.21x | -8.00x | -8.22x | -15.31x | -14.40x | -4.57x |
| R&D as a share of sales | 111.4% | 124.6% | 149.3% | 194.3% | 141.5% | 152.0% |
| Buybacks as a share of market value | -4.4% | -18.0% | -15.6% | -2.3% | -6.0% | -11.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.8% | 19.9% | — |
| Operating income | -7.3% | 10.1% | 13.7% |
| Net income | -6.7% | 25.2% | 14.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 84.9% | 87.2% | 89.4% | — |
| Operating margin | -87.2% | -113.9% | -115.6% | — |
| Net margin | -92.8% | -121.0% | -116.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.2 | -2.3 | -2.1 | -1.5 | -4.1 | -15.5 | -2.0 | -3.6 | -2.1 | -3.8 |
| Price to sales | 1.9 | 2.3 | 2.9 | 2.9 | 5.3 | 10.7 | 7.7 | 13.8 | 247.3 | — |
Market value over time
30 Nov 2016 to 29 Oct 2026, in USD
$3.10bn$1.71bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -24% | -11% | 16% | -52% | -48% | 285% | 3% | -12% | -34% | -28% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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