R 
58.86
+10.91%
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
$601.8m
FY2019FY2025
Net income
−$198.2m
FY2019FY2025
Free cash flow
−$321.8m
FY2019FY2025
Shareholders' equity
$1.72bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $601.8m | $436.2m | $244.6m | $211.0m | $62.2m | $35.2m | $48.4m |
| Research and development | $270.7m | $174.4m | $119.1m | $65.2m | $41.8m | $19.1m | $12.7m |
| Operating income | −$228.8m | −$189.8m | −$175.2m | −$135.2m | −$118.7m | −$55.0m | −$32.9m |
| Net income | −$198.2m | −$190.2m | −$182.6m | −$135.9m | −$117.3m | −$55.0m | −$30.4m |
| Diluted earnings per share | -0.35 | -0.38 | -0.37 | -0.29 | -0.26 | -0.12 | -0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $2.32bn | $1.18bn | $941.2m | $989.1m | $980.8m | $187.9m | $195.2m |
| Cash and short-term investments | $1.02bn | $419.0m | $244.8m | $471.8m | $691.0m | $52.8m | $95.9m |
| Total liabilities | $602.6m | $801.9m | $386.7m | $315.9m | $282.4m | $354.6m | $58.0m |
| Debt | $154.1m | $416.7m | $120.9m | $118.9m | $100.1m | — | $2.2m |
| Shareholders' equity | $1.72bn | $382.5m | $554.5m | $673.2m | $698.4m | −$166.7m | $137.2m |
| Shares outstanding | 573m | 502m | 487m | 474m | 452m | 448m | 401m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$165.5m | −$48.9m | −$98.9m | −$106.5m | −$71.8m | −$27.8m | −$21.6m |
| Capital spending | −$156.3m | −$67.1m | −$54.7m | −$42.4m | −$25.7m | −$25.1m | −$24.3m |
| Free cash flow | −$321.8m | −$116.0m | −$153.6m | −$148.9m | −$97.5m | −$52.9m | −$45.9m |
| Dividends paid | — | — | — | −$31.6m | −$11.6m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $234.1m | $200.3m | $179.7m | $155.1m | $144.5m | $122.6m | $132.4m | $104.8m |
| Operating income | −$57.5m | −$56.0m | −$51.0m | −$58.8m | −$61.1m | −$58.8m | −$49.9m | −$51.9m |
| Net income | −$49.3m | −$45.0m | −$52.9m | −$18.3m | −$66.4m | −$60.6m | −$52.3m | −$51.9m |
| Diluted earnings per share | -0.08 | -0.07 | -0.09 | -0.03 | -0.12 | -0.11 | -0.10 | -0.10 |
| Cash from operations | −$84.0m | −$50.0m | −$64.0m | −$23.0m | −$23.0m | −$54.0m | −$2.0m | −$30.0m |
| Capital spending | −$26.0m | −$27.0m | −$49.0m | −$45.0m | −$32.0m | −$28.0m | −$21.0m | −$11.0m |
| Free cash flow | −$110.0m | −$77.0m | −$113.0m | −$68.0m | −$55.0m | −$82.0m | −$23.0m | −$41.0m |
| Total assets | $4.19bn | $2.82bn | $2.32bn | $2.22bn | $1.55bn | $1.25bn | $1.18bn | $1.15bn |
| Cash and short-term investments | $2.30bn | $1.38bn | $1.02bn | $976.7m | $688.1m | $428.4m | $419.0m | $442.4m |
| Debt | — | $38.6m | $154.1m | $415.4m | $416.7m | $424.1m | $401.5m | $403.5m |
| Shareholders' equity | $3.49bn | $2.26bn | $1.72bn | $1.28bn | $688.5m | $431.3m | $382.5m | $419.8m |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -38.0% | -43.5% | -71.6% | -64.1% | -190.7% | -156.3% |
| Net margin | -32.9% | -43.6% | -74.6% | -64.4% | -188.5% | -156.4% |
| Return on equity | -11.5% | -49.7% | -32.9% | -20.2% | -16.8% | 33.0% |
| Return on assets | -8.5% | -16.1% | -19.4% | -13.7% | -12.0% | -29.3% |
| Free cash flow yield | -0.0% | 0.1% | -0.1% | -0.2% | -0.2% | -0.0% |
| Revenue growth | 38.0% | 78.3% | 15.9% | 239.0% | 77.0% | -27.4% |
| Earnings growth | 4.2% | 4.2% | 34.3% | 15.9% | 113.3% | 81.2% |
| Current ratio | 4.08x | 2.04x | 2.13x | 4.06x | 8.04x | 1.92x |
| Debt to equity | 0.09x | 1.05x | 0.19x | 0.15x | 0.14x | -0.21x |
| Equity ratio | 74.1% | 32.3% | 58.9% | 68.1% | 71.2% | -88.7% |
| Interest coverage | -8.64x | -48.00x | -41.24x | -17.34x | -19.37x | -131.78x |
| R&D as a share of sales | 45.0% | 40.0% | 48.7% | 30.9% | 67.1% | 54.4% |
| Buybacks as a share of market value | -14.1% | -3.0% | -2.8% | -4.7% | -1.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 41.8% | 76.5% | — |
| Operating income | 19.2% | 33.0% | — |
| Net income | 13.4% | 29.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -40.3% | -48.8% | -56.7% | — |
| Net margin | -37.4% | -47.3% | -55.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -201.5 | -67.2 | -14.8 | -13.1 | -47.3 | -82.3 |
| Price to sales | 66.4 | 29.3 | 11.0 | 8.5 | 89.2 | 128.8 |
Market value over time
30 Nov 2020 to 18 Sept 2026, in USD
$756.2m$40.66bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 161% | 389% | 20% | -67% | 16% | 5% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 25 Aug 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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