T 
43.67
+3.66%
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
$999.4m
FY2016FY2025
Net income
−$36.1m
FY2016FY2025
Free cash flow
$254.6m
FY2016FY2025
Shareholders' equity
$326.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $999.4m | $900.0m | $798.7m | $683.2m | $541.1m | $440.2m | $354.6m | $267.4m | $187.7m | $124.4m |
| Gross profit | $780.5m | $700.4m | $615.1m | $528.4m | $434.7m | $362.7m | $293.8m | $224.2m | $162.1m | $110.2m |
| Research and development | $223.7m | $181.6m | $153.2m | $143.6m | $116.4m | $101.7m | $87.1m | $76.7m | $57.7m | $40.1m |
| Operating income | $1.2m | −$6.9m | −$60.3m | −$72.6m | −$43.7m | −$36.4m | −$90.8m | −$72.6m | −$40.8m | −$35.8m |
| Net income | −$36.1m | −$36.3m | −$78.3m | −$92.2m | −$46.7m | −$42.7m | −$99.0m | −$73.5m | −$41.0m | −$37.2m |
| Diluted earnings per share | -0.30 | -0.29 | -0.67 | -0.82 | -0.43 | -0.41 | -1.01 | -0.80 | -0.52 | -1.77 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.75bn | $1.74bn | $1.61bn | $1.44bn | $1.25bn | $690.6m | $558.6m | $460.6m | $164.3m | $105.5m |
| Cash and short-term investments | $402.2m | $577.2m | $474.0m | $567.4m | $512.3m | $291.8m | $212.3m | $283.2m | $27.2m | $34.5m |
| Total liabilities | $1.42bn | $1.34bn | $1.26bn | $1.17bn | $1.03bn | $539.9m | $459.7m | $338.8m | $536.0m | $407.4m |
| Debt | $356.7m | $359.3m | $362.0m | $364.7m | $367.4m | — | — | — | $1.8m | — |
| Shareholders' equity | $326.4m | $400.0m | $346.3m | $270.9m | $215.3m | $150.7m | $98.9m | $121.8m | −$371.7m | −$301.9m |
| Shares outstanding | 119m | 124m | 117m | 113m | 108m | 103m | 98m | 92m | 79m | 21m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $266.8m | $217.5m | $149.9m | $131.2m | $96.8m | $64.2m | −$10.7m | −$2.6m | −$6.3m | −$2.8m |
| Capital spending | −$12.1m | −$4.2m | −$8.8m | −$19.1m | −$6.6m | −$20.3m | −$20.7m | −$5.7m | −$2.8m | −$5.8m |
| Free cash flow | $254.6m | $213.2m | $141.1m | $112.0m | $90.2m | $44.0m | −$31.4m | −$8.3m | −$9.0m | −$8.6m |
| Dividends paid | — | — | — | — | — | — | — | −$1.7m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $268.5m | $262.1m | $260.5m | $252.4m | $247.3m | $239.1m | $235.7m | $227.1m |
| Gross profit | $208.2m | $205.4m | $205.2m | $195.7m | $192.9m | $186.7m | $184.3m | $176.6m |
| Operating income | $16.5m | $8.5m | $7.7m | $7.1m | −$7.4m | −$17.2m | $14.8m | $4.3m |
| Net income | $3.8m | $1.4m | −$737,000 | $2.3m | −$14.7m | −$22.9m | $1.9m | −$9.2m |
| Diluted earnings per share | 0.03 | 0.01 | -0.01 | 0.02 | -0.12 | -0.19 | 0.02 | -0.07 |
| Cash from operations | $44.0m | $87.0m | $84.0m | $53.0m | $42.0m | $87.0m | $81.0m | $54.0m |
| Capital spending | −$1.0m | −$2.0m | −$2.0m | — | −$4.0m | −$6.0m | −$2.0m | −$1.0m |
| Free cash flow | $43.0m | $85.0m | $82.0m | — | $38.0m | $81.0m | $79.0m | $53.0m |
| Total assets | $1.57bn | $1.62bn | $1.75bn | $1.65bn | $1.66bn | $1.69bn | $1.74bn | $1.63bn |
| Cash and short-term investments | $298.2m | $360.3m | $402.2m | $383.6m | $386.5m | $460.3m | $577.2m | $548.4m |
| Debt | $363.2m | $361.6m | $363.8m | $365.7m | $365.1m | $364.9m | $366.1m | $363.4m |
| Shareholders' equity | $198.4m | $248.2m | $326.4m | $344.4m | $350.7m | $383.2m | $400.0m | $404.6m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 78.1% | 77.8% | 77.0% | 77.3% | 80.3% | 82.4% |
| Operating margin | 0.5% | 1.4% | -6.5% | -9.7% | -8.1% | -8.3% |
| Net margin | -3.6% | -4.0% | -9.8% | -13.5% | -8.6% | -9.7% |
| Return on equity | -11.1% | -9.1% | -22.6% | -34.0% | -21.7% | -28.4% |
| Return on assets | -2.1% | -2.1% | -4.9% | -6.4% | -3.7% | -6.2% |
| Free cash flow yield | 4.8% | 3.7% | 2.8% | 2.7% | 2.0% | 1.7% |
| Revenue growth | 11.0% | 12.7% | 16.9% | 26.3% | 22.9% | 24.2% |
| Earnings growth | -0.5% | -53.6% | -15.1% | 97.6% | 9.2% | -56.8% |
| Current ratio | 0.95x | 1.27x | 1.19x | 1.47x | 1.55x | 1.29x |
| Debt to equity | 1.11x | 0.92x | 1.05x | 1.37x | 1.70x | 0.03x |
| Equity ratio | 18.7% | 23.0% | 21.6% | 18.8% | 17.2% | 21.8% |
| Interest coverage | 0.19x | 0.41x | -1.66x | -3.49x | -5.83x | -73.75x |
| R&D as a share of sales | 22.4% | 20.2% | 19.2% | 21.0% | 21.5% | 23.1% |
| Buybacks as a share of market value | 4.0% | -6.1% | -3.5% | -4.2% | -4.9% | -5.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.5% | 17.8% | 26.7% |
| Net income | -26.8% | -3.3% | -8.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 78.0% | 77.6% | 78.4% | 79.7% |
| Operating margin | -0.3% | -4.1% | -5.0% | -10.1% |
| Net margin | -3.8% | -7.2% | -7.6% | -12.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -77.5 | -134.4 | -68.7 | -46.6 | -127.7 | -126.2 | -23.6 | -27.8 |
| Price to sales | 2.8 | 5.4 | 6.7 | 6.3 | 11.0 | 12.3 | 6.6 | 7.7 |
Market value over time
31 Jul 2018 to 27 Oct 2026, in USD
$717.6m$5.63bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | -37% | -12% | 22% | -31% | 2% | 123% | 11% | -30% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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