S 
51.55
+9.82%
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
—
FY2016FY2025
Net income
−$377.9m
FY2016FY2025
Free cash flow
−$300.6m
FY2016FY2025
Shareholders' equity
$245.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $33.2m | $18.8m | $15.4m | $20.5m | — | — | $379,000 |
| Research and development | $208.4m | $182.6m | $119.1m | $124.4m | $108.5m | $74.1m | $54.2m | $36.3m | $19.9m | $12.5m |
| Operating income | −$384.6m | −$252.1m | −$171.3m | −$134.4m | −$129.9m | −$86.9m | −$54.5m | −$50.7m | −$25.0m | −$16.2m |
| Net income | −$377.9m | −$246.3m | −$165.8m | −$131.6m | −$131.8m | −$85.0m | −$49.7m | −$49.3m | −$25.0m | −$16.2m |
| Diluted earnings per share | -3.29 | -2.47 | -2.18 | -2.55 | -3.59 | -2.85 | -1.68 | -1.93 | -1.40 | -8.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $404.3m | $474.9m | $311.0m | $358.2m | $304.4m | $388.3m | $196.4m | $181.3m | $61.6m | $32.8m |
| Cash and short-term investments | $367.6m | $437.3m | $279.9m | $315.4m | $253.0m | $341.0m | $157.4m | $175.6m | $58.0m | $28.0m |
| Total liabilities | $158.8m | $106.3m | $85.8m | $97.9m | $132.4m | $127.5m | $83.5m | $74.7m | $115.2m | $62.8m |
| Debt | $105.3m | $50.1m | $50.0m | $49.7m | $50.0m | $24.7m | — | $500,000 | $1.0m | $1.7m |
| Shareholders' equity | $245.5m | $368.6m | $225.2m | $260.2m | $172.1m | $260.8m | $112.9m | $106.6m | −$53.5m | −$30.0m |
| Shares outstanding | 115m | 100m | 76m | 52m | 37m | 30m | 30m | 26m | 18m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$300.0m | −$200.9m | −$145.2m | −$132.7m | −$126.8m | −$60.3m | −$63.1m | $24.6m | −$21.7m | −$15.1m |
| Capital spending | −$602,000 | −$98,000 | −$71,000 | −$1.1m | −$5.2m | −$4.1m | −$3.1m | −$1.5m | −$361,000 | −$794,000 |
| Free cash flow | −$300.6m | −$201.0m | −$145.3m | −$133.8m | −$132.0m | −$64.4m | −$66.2m | $23.1m | −$22.1m | −$15.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −$108.9m | −$102.0m | −$91.9m | −$103.6m | −$112.1m | −$77.1m | −$69.4m | −$64.8m |
| Net income | −$109.9m | −$105.5m | −$91.0m | −$102.2m | −$110.0m | −$74.7m | −$66.5m | −$64.5m |
| Diluted earnings per share | -0.84 | -0.81 | -0.79 | -0.89 | -0.96 | -0.65 | -0.67 | -0.65 |
| Cash from operations | −$69.0m | −$82.0m | −$75.0m | −$68.0m | −$76.0m | −$78.0m | −$49.0m | −$52.0m |
| Total assets | $523.5m | $535.3m | $404.3m | $411.7m | $340.0m | $407.6m | $474.9m | $179.1m |
| Cash and short-term investments | $492.1m | $479.9m | $367.6m | $369.6m | $295.0m | $364.4m | $437.3m | $139.1m |
| Debt | $202.5m | $202.7m | $105.3m | $104.9m | $55.0m | $55.2m | $55.9m | $56.1m |
| Shareholders' equity | $253.8m | $276.0m | $245.5m | $245.0m | $233.3m | $312.3m | $368.6m | $79.2m |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -404.8% | -700.5% | -564.0% | -266.2% | -4277.0% |
| Net margin | — | — | — | -396.6% | -700.5% | -551.8% | -242.5% | -4276.3% |
| Return on equity | -154.0% | -66.8% | -73.6% | -50.6% | -76.6% | -32.6% | — | — |
| Return on assets | -93.5% | -51.9% | -53.3% | -36.8% | -43.3% | -21.9% | — | — |
| Free cash flow yield | -6.5% | -5.0% | -4.8% | -6.4% | -8.3% | -4.7% | — | — |
| Revenue growth | — | — | — | 76.4% | 22.2% | -24.8% | — | — |
| Earnings growth | 53.5% | 48.6% | 25.9% | -0.1% | 55.1% | 71.0% | — | — |
| Current ratio | 6.95x | 9.61x | 8.80x | 9.01x | 4.13x | 8.09x | — | — |
| Debt to equity | 0.43x | 0.15x | 0.25x | 0.22x | 0.38x | 0.12x | — | — |
| Equity ratio | 60.7% | 77.6% | 72.4% | 72.7% | 56.5% | 67.2% | — | — |
| Interest coverage | -53.83x | -35.02x | — | -47.08x | -70.18x | — | — | -853.16x |
| R&D as a share of sales | — | — | — | 374.9% | 576.5% | 480.8% | 264.6% | 3292.1% |
| Buybacks as a share of market value | -14.9% | -31.4% | -47.0% | -40.9% | -23.2% | -0.9% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 42.0% | 34.7% | — |
| Net income | 42.1% | 34.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.4 | -17.5 | -8.6 | -3.5 | -6.9 | -17.0 | -7.8 | -11.9 |
| Price to sales | — | — | — | 14.1 | 48.4 | 93.8 | 19.0 | — |
Market value over time
31 May 2018 to 16 Oct 2026, in USD
$52.5m$5.21bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | 4% | 118% | 141% | -70% | -47% | 336% | -42% | 31% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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