S 
23.52
+8.04%
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
$1.00bn
FY2020FY2026
Net income
−$450.7m
FY2020FY2026
Free cash flow
$75.9m
FY2020FY2026
Shareholders' equity
$1.44bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.00bn | $821.5m | $621.2m | $422.2m | $204.8m | $93.1m | $46.5m |
| Gross profit | $732.7m | $610.4m | $442.6m | $278.0m | $123.1m | $53.7m | $28.1m |
| Research and development | $323.9m | $267.0m | $218.2m | $207.0m | $136.3m | $62.4m | $36.7m |
| Operating income | −$309.0m | −$329.4m | −$378.4m | −$402.6m | −$269.5m | −$115.9m | −$75.2m |
| Net income | −$450.7m | −$288.4m | −$338.7m | −$378.7m | −$271.1m | −$117.6m | −$76.6m |
| Diluted earnings per share | -1.33 | -0.87 | -1.07 | -1.28 | -0.97 | -0.45 | -0.36 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | $2.44bn | $2.41bn | $2.32bn | $2.26bn | $2.04bn | $520.6m | $112.5m |
| Cash and short-term investments | $628.7m | $721.9m | $926.0m | $623.5m | $1.67bn | $395.8m | $45.7m |
| Total liabilities | $1.00bn | $737.4m | $727.4m | $602.2m | $391.4m | $841.1m | $336.7m |
| Debt | — | — | — | — | — | $19.6m | $19.6m |
| Shareholders' equity | $1.44bn | $1.67bn | $1.59bn | $1.66bn | $1.65bn | −$320.5m | −$224.2m |
| Shares outstanding | 339m | 333m | 317m | 297m | 281m | 263m | 215m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | $76.6m | $33.7m | −$68.4m | −$193.3m | −$95.6m | −$66.6m | −$44.4m |
| Capital spending | −$713,000 | −$27.1m | −$18.8m | −$18.8m | −$10.3m | −$6.3m | −$2.9m |
| Free cash flow | $75.9m | $6.6m | −$87.1m | −$212.1m | −$105.9m | −$72.8m | −$47.3m |
| Dividends paid | — | — | — | — | −$11.4m | — | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $292.0m | $276.7m | $271.2m | $258.9m | $242.2m | $229.0m | $225.5m | $210.6m |
| Gross profit | $210.4m | $198.7m | $205.1m | $191.1m | $181.7m | $172.5m | $168.5m | $157.4m |
| Operating income | −$65.5m | −$77.8m | −$79.9m | −$73.3m | −$80.6m | −$87.5m | −$80.3m | −$89.1m |
| Net income | −$93.4m | −$76.2m | −$110.2m | −$60.3m | −$72.0m | −$208.2m | −$70.8m | −$78.4m |
| Diluted earnings per share | -0.28 | -0.22 | -0.32 | -0.18 | -0.22 | -0.63 | -0.21 | -0.25 |
| Cash from operations | −$6.0m | $38.0m | $4.0m | $21.0m | −$1.0m | $52.0m | −$3.0m | −$7.0m |
| Capital spending | −$6.0m | — | −$6.0m | −$5.0m | −$6.0m | −$6.0m | −$5.0m | −$5.0m |
| Free cash flow | −$12.0m | — | −$2.0m | $16.0m | −$7.0m | $46.0m | −$8.0m | −$12.0m |
| Total assets | $2.38bn | $2.36bn | $2.44bn | $2.43bn | $2.35bn | $2.38bn | $2.41bn | $2.37bn |
| Cash and short-term investments | $655.2m | $656.8m | $628.7m | $649.8m | $810.8m | $766.9m | $721.9m | $660.3m |
| Debt | — | — | $5.9m | — | — | — | $5.3m | $5.1m |
| Shareholders' equity | $1.45bn | $1.44bn | $1.44bn | $1.55bn | $1.51bn | $1.55bn | $1.67bn | $1.64bn |
Financial ratios
Data as of 18 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 73.2% | 74.3% | 71.3% | 65.8% | 60.1% | 57.7% | — |
| Operating margin | -27.9% | -34.3% | -53.4% | -90.6% | -131.5% | -124.3% | — |
| Net margin | -45.0% | -35.1% | -54.5% | -89.7% | -132.4% | -126.3% | — |
| Return on equity | -31.4% | -17.3% | -21.2% | -22.9% | -16.4% | 36.7% | — |
| Return on assets | -18.5% | -12.0% | -14.6% | -16.8% | -13.3% | -22.6% | — |
| Free cash flow yield | 1.1% | 0.8% | -0.7% | -2.7% | -1.4% | -1.1% | — |
| Revenue growth | 21.9% | 32.2% | 47.1% | 106.1% | 120.1% | 100.2% | — |
| Earnings growth | 56.3% | -14.8% | -10.6% | 39.7% | 130.6% | 53.6% | — |
| Current ratio | 1.39x | 1.74x | 2.20x | 1.93x | 6.46x | 3.60x | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -0.07x | — |
| Equity ratio | 58.9% | 69.4% | 68.7% | 73.3% | 80.8% | -61.6% | — |
| Interest coverage | — | -1645.82x | -272.71x | -209.00x | -342.20x | -82.59x | -36.88x |
| R&D as a share of sales | 32.3% | 32.5% | 35.1% | 49.0% | 66.5% | 67.1% | — |
| Buybacks as a share of market value | -2.0% | -5.0% | -6.9% | -5.7% | -6.7% | -22.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 33.6% | 61.3% | — |
| Operating income | -8.4% | 21.7% | — |
| Net income | 6.0% | 30.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 73.7% | 72.0% | 70.8% | — |
| Operating margin | -35.0% | -49.5% | -57.0% | — |
| Net margin | -40.6% | -50.8% | -58.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | -17.7 | -17.3 | -20.8 | -21.5 | -9.8 | -73.3 |
| Price to sales | 8.0 | 6.1 | 11.3 | 19.4 | 13.0 | 94.0 |
Market value over time
30 Jun 2021 to 16 Oct 2026, in USD
$1.96bn$7.32bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -34% | -20% | 222% | -73% | 16% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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