T 
84.44
+11.03%
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
$1.27bn
FY2019FY2025
Net income
−$245.0m
FY2019FY2025
Free cash flow
−$245.4m
FY2019FY2025
Shareholders' equity
$491.3m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.27bn | $693.4m | $531.8m | $320.7m | $257.9m | $188.0m | $62.1m |
| Research and development | $319.0m | $316.8m | $185.5m | $162.3m | $128.4m | $91.3m | $56.9m |
| Operating income | −$239.1m | −$663.0m | −$174.6m | −$270.9m | −$244.6m | −$192.4m | −$119.8m |
| Net income | −$245.0m | −$705.8m | −$214.1m | −$289.8m | −$259.2m | −$209.9m | −$115.0m |
| Diluted earnings per share | -1.41 | -4.35 | -1.39 | -1.71 | -1.53 | -3.34 | -0.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $2.27bn | $926.1m | $564.1m | $631.4m | $531.4m | $751.9m | $370.2m |
| Cash and short-term investments | $755.0m | $448.3m | $197.6m | $302.9m | $277.7m | $513.4m | $227.6m |
| Total liabilities | $1.78bn | $869.8m | $1.95bn | $1.76bn | $1.34bn | $1.26bn | $624.6m |
| Debt | $1.24bn | $435.4m | $449.7m | $389.8m | $238.9m | $251.4m | $2.6m |
| Shareholders' equity | $491.3m | $56.3m | −$1.38bn | −$1.13bn | −$807.5m | −$513.0m | −$254.4m |
| Shares outstanding | 174m | 162m | 154m | 170m | 170m | 63m | 161m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$218.1m | −$189.0m | −$214.3m | −$168.2m | −$212.0m | −$206.6m | −$117.1m |
| Capital spending | −$27.3m | −$22.1m | −$34.6m | −$18.4m | −$11.8m | −$13.4m | −$17.0m |
| Free cash flow | −$245.4m | −$211.2m | −$248.9m | −$186.6m | −$223.8m | −$220.0m | −$134.1m |
| Dividends paid | — | −$5.6m | −$5.6m | −$5.6m | −$5.6m | −$5.6m | −$5.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $382.5m | $348.1m | $367.2m | $334.2m | $314.6m | $255.7m | $200.7m | $180.9m |
| Operating income | $19.1m | −$84.7m | −$61.4m | −$68.9m | −$61.8m | −$68.7m | −$50.7m | −$60.3m |
| Net income | $5.6m | −$125.9m | −$54.2m | −$80.0m | −$42.8m | −$68.0m | −$13.0m | −$75.8m |
| Diluted earnings per share | 0.03 | -0.69 | -0.31 | -0.46 | -0.25 | -0.39 | -0.08 | -0.47 |
| Cash from operations | −$7.0m | −$73.0m | −$36.0m | −$119.0m | $44.0m | −$105.0m | −$39.0m | $48.0m |
| Capital spending | −$11.0m | −$10.0m | −$6.0m | −$8.0m | −$9.0m | −$3.0m | −$7.0m | — |
| Free cash flow | −$18.0m | −$83.0m | −$42.0m | −$127.0m | $35.0m | −$108.0m | −$46.0m | — |
| Total assets | $2.37bn | $2.14bn | $2.27bn | $2.28bn | $1.63bn | $1.54bn | $926.1m | $971.7m |
| Cash and short-term investments | $816.0m | $639.1m | $755.0m | $759.6m | $291.3m | $218.8m | $448.3m | $466.3m |
| Debt | $1.37bn | $1.25bn | $1.25bn | $1.26bn | $807.4m | $810.2m | $441.9m | $444.9m |
| Shareholders' equity | $444.9m | $416.4m | $491.3m | $507.8m | $309.6m | $326.2m | $56.3m | $53.7m |
Financial ratios
Data as of 7 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -17.4% | -93.4% | -31.3% | -83.3% | -94.4% | -102.4% |
| Net margin | -19.3% | -101.8% | -40.3% | -90.4% | -100.5% | -111.6% |
| Return on equity | -49.9% | -1252.8% | 15.5% | 25.7% | 32.1% | 40.9% |
| Return on assets | -10.8% | -76.2% | -38.0% | -45.9% | -48.8% | -27.9% |
| Free cash flow yield | -1.5% | -1.4% | -1.6% | -1.2% | -1.6% | -4.3% |
| Revenue growth | 83.4% | 30.4% | 65.8% | 24.4% | 37.2% | 203.0% |
| Earnings growth | -65.3% | 229.6% | -26.1% | 11.8% | 23.5% | 82.6% |
| Current ratio | 3.13x | 2.29x | 1.51x | 2.52x | 3.52x | 6.41x |
| Debt to equity | 2.55x | 7.84x | -0.33x | -0.35x | -0.30x | -0.49x |
| Equity ratio | 21.6% | 6.1% | -245.0% | -178.8% | -152.0% | -68.2% |
| Interest coverage | -3.14x | -12.07x | -3.56x | -12.21x | -16.03x | -10.17x |
| R&D as a share of sales | 25.1% | 45.7% | 34.9% | 50.6% | 49.8% | 48.6% |
| Buybacks as a share of market value | -7.5% | -5.2% | 9.2% | 0.0% | -170.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 58.3% | 46.6% | — |
| Operating income | -4.1% | 4.4% | — |
| Net income | -5.4% | 3.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -45.9% | -47.8% | -54.7% | — |
| Net margin | -48.4% | -51.6% | -58.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -42.0 | -7.8 |
| Price to sales | 8.1 | 7.9 |
Market value over time
28 Jun 2024 to 6 Oct 2026, in USD
$5.77bn$13.13bn
Share price return
Finished calendar years
| 2025 | 2024 | |
|---|---|---|
| Return | 81% | -15% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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