R
100.79
+5.98%
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
$2.20bn
FY2020FY2025
Net income
$529.7m
FY2020FY2025
Free cash flow
$684.2m
FY2020FY2025
Shareholders' equity
$2.93bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | $2.20bn | $1.30bn | $804.0m | $666.7m | $484.9m | $228.9m |
| Gross profit | $2.01bn | $1.18bn | $693.0m | $561.9m | $412.4m | $173.9m |
| Research and development | $783.1m | $935.2m | $438.3m | $365.2m | $257.0m | $117.5m |
| Operating income | $442.0m | −$560.6m | −$140.2m | −$172.2m | −$127.2m | −$62.6m |
| Net income | $529.7m | −$484.3m | −$90.8m | −$158.6m | −$127.9m | −$59.2m |
| Diluted earnings per share | 2.61 | -2.69 | -0.56 | -0.97 | -0.78 | -0.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | $3.24bn | $2.34bn | $1.60bn | $1.60bn | $1.65bn | $524.1m |
| Cash and short-term investments | $2.48bn | $1.84bn | $1.21bn | $1.27bn | $1.41bn | $362.6m |
| Total liabilities | $310.1m | $205.8m | $2.01bn | $125.3m | $77.6m | $65.0m |
| Shareholders' equity | $2.93bn | $2.13bn | −$412.9m | $1.47bn | $1.57bn | $459.1m |
| Shares outstanding | 203m | 180m | 163m | 163m | 163m | 163m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | $690.9m | $222.1m | −$75.1m | −$94.0m | −$130.2m | −$61.8m |
| Capital spending | −$6.7m | −$6.2m | −$9.7m | −$6.2m | −$2.3m | −$3.0m |
| Free cash flow | $684.2m | $215.8m | −$84.8m | −$100.3m | −$132.5m | −$64.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $804.9m | $663.4m | $725.6m | $584.9m | $499.6m | $392.4m | $427.7m | $348.4m |
| Gross profit | $734.6m | $607.1m | $666.9m | $532.4m | $453.7m | $355.3m | $395.9m | $313.7m |
| Operating income | $231.7m | $182.9m | $231.8m | $138.5m | $67.7m | $3.9m | $52.9m | $6.9m |
| Net income | $252.8m | $204.0m | $251.6m | $162.7m | $89.3m | $26.2m | $71.0m | $29.9m |
| Diluted earnings per share | 1.25 | 1.01 | 1.24 | 0.80 | 0.44 | 0.13 | 0.39 | 0.17 |
| Cash from operations | $261.0m | $312.0m | $266.0m | $185.0m | $111.0m | $127.0m | $89.0m | $71.0m |
| Capital spending | −$1.0m | −$1.0m | −$3.0m | −$2.0m | — | — | — | −$1.0m |
| Free cash flow | $260.0m | $311.0m | $263.0m | $183.0m | — | — | — | $70.0m |
| Total assets | $3.64bn | $3.48bn | $3.24bn | $2.88bn | $2.63bn | $2.44bn | $2.34bn | $2.17bn |
| Cash and short-term investments | $2.79bn | $2.77bn | $2.48bn | $2.23bn | $2.06bn | $1.95bn | $1.84bn | $1.74bn |
| Debt | $7.8m | $7.2m | $7.0m | $6.9m | $6.6m | $6.4m | $6.1m | $5.4m |
| Shareholders' equity | $3.29bn | $3.18bn | $2.93bn | $2.61bn | $2.39bn | $2.22bn | $2.13bn | $1.98bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 91.2% | 90.5% | 86.2% | 84.3% | 85.0% | 76.0% |
| Operating margin | 24.0% | -37.3% | -10.8% | -23.7% | -26.3% | -25.8% |
| Net margin | 24.1% | -37.2% | -11.3% | -23.8% | -26.4% | -25.9% |
| Return on equity | 18.1% | -22.7% | 22.0% | -10.8% | -8.2% | -12.9% |
| Return on assets | 16.4% | -20.7% | -5.7% | -9.9% | -7.8% | -11.3% |
| Free cash flow yield | 2.2% | 0.8% | -0.3% | -0.3% | -0.5% | -0.2% |
| Revenue growth | 69.4% | 61.7% | 20.6% | 37.5% | 111.8% | — |
| Earnings growth | -209.4% | 433.2% | -42.7% | 24.0% | 116.1% | — |
| Current ratio | 11.56x | 12.63x | 11.08x | 13.94x | 22.72x | 9.52x |
| Debt to equity | 0.00x | 0.00x | -0.01x | 0.01x | 0.00x | 0.01x |
| Equity ratio | 90.4% | 91.2% | -25.9% | 92.2% | 95.3% | 87.6% |
| R&D as a share of sales | 35.6% | 71.9% | 54.5% | 54.8% | 53.0% | 51.3% |
| Buybacks as a share of market value | -12.5% | -10.4% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 48.9% | 57.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 90.9% | 89.3% | 88.4% | — |
| Operating margin | -3.4% | -8.7% | -10.9% | — |
| Net margin | 1.3% | -4.1% | -6.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 88.1 | -60.9 |
| Price to sales | 21.2 | 22.7 |
Market value over time
28 Mar 2024 to 22 Sept 2026, in USD
$2.86bn$31.45bn
Share price return
Finished calendar years
| 2025 | 2024 | |
|---|---|---|
| Return | 44% | 218% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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