N 
5.44
+7.09%
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
$31.5m
FY2014FY2025
Net income
−$355.8m
FY2014FY2025
Free cash flow
−$460.1m
FY2014FY2025
Shareholders' equity
$1.17bn
FY2014FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $31.5m | $37.0m | $22.8m | $11.8m | $2.9m | $600,000 | $373,000 | — |
| Research and development | $45.5m | $46.8m | $156.1m | $127.7m | $94.4m | $95.3m | $62.6m | — |
| Operating income | −$689.6m | −$138.7m | −$275.6m | −$230.0m | −$174.3m | −$158.8m | −$127.6m | −$710 |
| Net income | −$355.8m | −$136.6m | −$58.4m | −$57.1m | −$102.5m | −$88.4m | −$71.1m | −$707 |
| Diluted earnings per share | -2.17 | -1.47 | -0.76 | -0.94 | -2.35 | -2.03 | -1.63 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.41bn | $544.7m | $224.9m | $348.6m | $121.2m | $47.1m | $75.7m | — |
| Cash and short-term investments | $1.25bn | $441.6m | $120.3m | $267.7m | $77.1m | $4.9m | $17.1m | — |
| Total liabilities | $299.0m | $91.6m | $95.5m | $71.5m | $54.9m | $76.2m | $39.0m | — |
| Debt | — | — | — | — | $14.0m | $33.9m | $13.2m | — |
| Shareholders' equity | $1.17bn | $618.7m | $93.5m | $114.7m | $66.3m | −$29.1m | $36.7m | — |
| Shares outstanding | 164m | 93m | 77m | 60m | 44m | 44m | 44m | 44m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$459.6m | −$108.7m | −$183.3m | −$148.6m | −$99.2m | −$47.2m | −$66.4m | — |
| Capital spending | −$508,000 | −$44,000 | −$1.7m | −$2.3m | −$2.0m | −$3.5m | −$1.1m | — |
| Free cash flow | −$460.1m | −$108.7m | −$185.0m | −$150.9m | −$101.1m | −$50.8m | −$67.5m | — |
| Dividends paid | — | — | — | — | — | −$234.7m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $75,000 | $565,000 | $1.8m | $8.2m | $8.1m | $13.4m | $34.2m | $475,000 |
| Operating income | −$64.0m | −$57.5m | −$72.7m | −$538.4m | −$43.1m | −$35.3m | −$11.9m | −$41.0m |
| Net income | −$47.5m | −$44.0m | −$50.8m | −$273.3m | −$17.6m | −$14.0m | −$75.0m | −$17.5m |
| Diluted earnings per share | -0.29 | -0.27 | -0.31 | -1.67 | -0.11 | -0.09 | -0.80 | -0.19 |
| Cash from operations | −$58.0m | −$314.0m | −$203.0m | −$199.0m | −$33.0m | −$22.0m | −$26.0m | −$12.0m |
| Capital spending | −$1.0m | −$1.0m | — | — | — | — | — | — |
| Free cash flow | −$59.0m | −$315.0m | — | — | — | — | — | — |
| Total assets | $2.05bn | $1.15bn | $1.41bn | $883.1m | $606.5m | $618.1m | $544.7m | $253.3m |
| Cash and short-term investments | $1.07bn | $890.1m | $1.25bn | $691.8m | $420.7m | $521.4m | $441.6m | $156.6m |
| Debt | $756,000 | $728,000 | — | — | — | — | — | $1.8m |
| Shareholders' equity | $2.06bn | $1.17bn | $1.17bn | $828.7m | $692.9m | $704.0m | $618.7m | $160.1m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -2109.7% | -365.7% | -789.6% | -1199.4% | -3521.2% | -26473.8% | — |
| Net margin | -1130.3% | -368.8% | -255.9% | -483.5% | -3581.2% | -14731.2% | — |
| Return on equity | -30.4% | -22.1% | -62.4% | -49.8% | -154.7% | 303.3% | — |
| Return on assets | -25.2% | -25.1% | -26.0% | -16.4% | -84.6% | -187.8% | — |
| Free cash flow yield | -48.1% | -20.0% | -40.5% | -41.5% | -38.2% | -17.2% | — |
| Revenue growth | -15.0% | 62.4% | 93.2% | 312.4% | 377.0% | 60.9% | — |
| Earnings growth | 160.4% | 134.1% | 2.3% | -44.3% | 16.0% | 24.3% | — |
| Current ratio | 4.30x | 5.25x | 1.77x | 7.38x | 1.78x | 0.16x | — |
| Debt to equity | 0.00x | 0.00x | 0.02x | 0.01x | 0.23x | -1.22x | — |
| Equity ratio | 82.7% | 113.6% | 41.6% | 32.9% | 54.7% | -61.9% | — |
| Interest coverage | — | — | -16.69x | -35.95x | -58.76x | -243.25x | -742.06x |
| R&D as a share of sales | 144.6% | 126.4% | 684.1% | 1081.5% | 3298.0% | 15877.8% | — |
| Buybacks as a share of market value | -75.6% | -21.3% | -27.3% | -38.5% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 38.7% | 120.8% | — |
| Operating income | 44.2% | 34.1% | — |
| Net income | 84.0% | 32.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1208.8% | -1293.3% | -1563.8% | — |
| Net margin | -718.6% | -589.4% | -749.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -6.5 | -12.2 | -4.3 | -10.9 |
| Price to sales | 73.7 | 45.1 | 11.1 | 52.5 |
Market value over time
31 Mar 2022 to 16 Oct 2026, in USD
$62.8m$954.6m
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Return | -17% | 431% | -64% | -1% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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