R 
20.39
+9.62%
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
$15.4m
FY2018FY2025
Net income
−$276.5m
FY2018FY2025
Free cash flow
−$235.9m
FY2018FY2025
Shareholders' equity
$567.1m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.4m | $10.0m | $25.5m | $1.4m | $3.0m | $82.7m | — | — |
| Gross profit | $11.8m | −$305.4m | −$300.8m | −$241.6m | −$166.4m | $79.1m | −$2.8m | −$2.2m |
| Research and development | $261.4m | $319.1m | $330.0m | $246.4m | $295.6m | $99.9m | $70.3m | $41.0m |
| Operating income | −$302.7m | −$372.5m | −$373.0m | −$299.3m | −$364.7m | −$55.8m | −$84.0m | −$49.9m |
| Net income | −$276.5m | −$337.7m | −$342.0m | −$290.5m | −$363.9m | −$52.4m | −$66.5m | −$48.8m |
| Diluted earnings per share | -1.61 | -2.02 | -2.79 | -2.40 | -3.54 | -0.58 | -17.36 | -19.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $621.3m | $871.3m | $844.0m | $1.10bn | $1.01bn | $799.8m | $393.1m | $428.6m |
| Cash and short-term investments | $554.5m | $781.3m | $750.1m | $998.9m | $958.1m | $678.1m | $355.8m | $421.5m |
| Total liabilities | $54.3m | $93.5m | $92.0m | $149.6m | $110.6m | $36.5m | $573.5m | $539.5m |
| Debt | $3.8m | — | — | — | — | — | — | — |
| Shareholders' equity | $567.1m | $777.8m | $752.0m | $950.2m | $897.8m | $763.3m | −$180.4m | −$110.9m |
| Shares outstanding | 172m | 167m | 123m | 121m | 103m | 90m | 4m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$235.5m | −$249.1m | −$300.3m | −$229.5m | −$74.4m | −$102.5m | −$66.1m | −$44.1m |
| Capital spending | −$410,000 | −$2.0m | −$4.1m | −$9.1m | −$3.5m | −$1.9m | −$8.0m | −$1.7m |
| Free cash flow | −$235.9m | −$251.1m | −$304.4m | −$238.6m | −$77.9m | −$104.4m | −$74.1m | −$45.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $350,000 | $3.0m | $7.0m | — | $677,000 | $7.7m | — | — |
| Gross profit | $350,000 | $2.5m | $6.4m | −$67.9m | −$60.8m | $7.7m | −$64.4m | −$76.6m |
| Operating income | −$90.8m | −$78.6m | −$60.6m | −$80.4m | −$76.8m | −$84.9m | −$85.0m | −$96.4m |
| Net income | −$83.7m | −$73.3m | −$54.9m | −$74.1m | −$70.4m | −$77.1m | −$76.0m | −$88.1m |
| Diluted earnings per share | -0.41 | -0.36 | -0.32 | -0.43 | -0.41 | -0.45 | -0.45 | -0.53 |
| Cash from operations | −$54.0m | −$51.0m | −$44.0m | −$62.0m | −$55.0m | −$73.0m | −$57.0m | −$75.0m |
| Total assets | $967.5m | $699.6m | $621.3m | $670.0m | $728.8m | $799.4m | $871.3m | $930.1m |
| Cash and short-term investments | $910.9m | $642.1m | $554.5m | $596.4m | $656.8m | $710.4m | $781.3m | $839.6m |
| Debt | $4.0m | $3.9m | $3.8m | $3.6m | $3.5m | $5.9m | $5.7m | $5.5m |
| Shareholders' equity | $890.0m | $642.2m | $567.1m | $607.7m | $665.7m | $721.1m | $777.8m | $838.9m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 76.8% | -3052.2% | -1177.6% | -17496.3% | -5492.2% | 95.7% |
| Operating margin | -1800.6% | -3854.0% | -1485.3% | -22516.4% | -7494.5% | -67.5% |
| Net margin | -1800.6% | -3374.7% | -1338.7% | -21036.1% | -12012.9% | -63.4% |
| Return on equity | -48.8% | -43.4% | -45.5% | -30.6% | -40.5% | -6.9% |
| Return on assets | -44.5% | -38.8% | -40.5% | -26.4% | -36.1% | -6.6% |
| Free cash flow yield | -7.5% | -8.0% | -13.2% | -9.9% | -3.8% | -6.1% |
| Revenue growth | 53.4% | -60.8% | 1749.8% | -54.4% | -96.3% | — |
| Earnings growth | -18.1% | -1.2% | 17.7% | -20.2% | 594.3% | -21.2% |
| Current ratio | 22.61x | 15.95x | 25.44x | 16.00x | 40.14x | 56.49x |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 91.3% | 89.3% | 89.1% | 86.4% | 89.0% | 95.4% |
| Interest coverage | — | — | — | -35.47x | -274.83x | — |
| R&D as a share of sales | 1702.3% | 3188.7% | 1291.9% | 17838.9% | 9760.6% | 120.8% |
| Buybacks as a share of market value | -2.5% | -36.5% | -1.3% | -17.7% | -13.9% | -2253.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 123.2% | -28.6% | — |
| Operating income | 0.4% | 40.2% | — |
| Net income | -1.6% | 39.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -1157.8% | -1599.0% | -669.2% | — |
| Operating margin | -2662.3% | -2577.0% | -1281.4% | — |
| Net margin | -2421.7% | -2384.2% | -1205.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -5.3 | -2.0 | -4.0 | -4.0 | -5.5 | -45.6 |
| Price to sales | 94.5 | 68.9 | 52.8 | — | — | 28.9 |
Market value over time
31 Jul 2020 to 30 Oct 2026, in USD
$141.8m$3.72bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 94% | -61% | 7% | -48% | -38% | 38% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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