U 
51.43
-0.12%
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
$1.85bn
FY2018FY2025
Net income
−$402.8m
FY2018FY2025
Free cash flow
$403.9m
FY2018FY2025
Shareholders' equity
$3.24bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.85bn | $1.81bn | $2.19bn | $1.39bn | $1.11bn | $772.4m | $541.8m | $380.8m |
| Gross profit | $1.37bn | $1.33bn | $1.45bn | $948.5m | $856.9m | $600.1m | $423.2m | $299.5m |
| Research and development | $929.5m | $924.8m | $1.05bn | $959.5m | $695.7m | $403.5m | $255.9m | $204.1m |
| Operating income | −$422.6m | −$755.1m | −$832.8m | −$882.2m | −$531.7m | −$274.8m | −$150.7m | −$130.3m |
| Net income | −$402.8m | −$664.1m | −$822.0m | −$919.5m | −$532.6m | −$282.3m | −$163.2m | −$131.6m |
| Diluted earnings per share | -0.94 | -1.64 | -2.14 | -2.62 | -1.85 | -1.04 | -0.72 | -1.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $6.84bn | $6.74bn | $7.24bn | $7.83bn | $4.84bn | $2.67bn | $762.9m | $589.3m |
| Cash and short-term investments | $2.06bn | $1.52bn | $1.59bn | $1.59bn | $1.74bn | $1.75bn | $130.0m | $258.7m |
| Total liabilities | $3.34bn | $3.31bn | $3.83bn | $4.08bn | $2.45bn | $634.1m | $368.9m | $273.2m |
| Debt | $2.24bn | $2.24bn | $2.71bn | $2.71bn | $1.70bn | — | — | — |
| Shareholders' equity | $3.24bn | $3.19bn | $3.18bn | $3.75bn | $2.39bn | $2.04bn | $393.9m | $316.1m |
| Shares outstanding | 430m | 405m | 385m | 351m | 288m | 272m | 228m | 106m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $423.0m | $315.6m | $234.7m | −$59.4m | −$111.4m | $19.9m | −$67.9m | −$81.1m |
| Capital spending | −$19.0m | −$42.4m | −$55.9m | −$57.1m | −$41.9m | −$40.9m | −$27.0m | −$38.0m |
| Free cash flow | $403.9m | $273.1m | $178.8m | −$116.6m | −$153.4m | −$21.0m | −$95.0m | −$119.1m |
| Dividends paid | — | — | — | — | — | −$309.2m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $546.5m | $508.2m | $503.1m | $470.6m | $440.9m | $435.0m | $457.1m | $446.5m |
| Gross profit | $434.8m | $156.6m | $307.9m | $350.3m | $327.0m | $321.0m | $341.6m | $334.5m |
| Operating income | −$32.2m | −$351.4m | −$97.9m | −$125.9m | −$118.8m | −$127.9m | −$123.7m | −$127.1m |
| Net income | −$23.6m | −$346.9m | −$90.0m | −$126.4m | −$108.8m | −$77.6m | −$122.7m | −$124.7m |
| Diluted earnings per share | -0.05 | -0.79 | -0.21 | -0.29 | -0.25 | -0.18 | -0.30 | -0.31 |
| Cash from operations | $205.0m | $71.0m | $121.0m | $155.0m | $133.0m | $13.0m | $112.0m | $122.0m |
| Capital spending | −$3.0m | −$4.0m | −$2.0m | −$4.0m | −$6.0m | −$5.0m | −$6.0m | −$19.0m |
| Free cash flow | $202.0m | $67.0m | $119.0m | $151.0m | $127.0m | $8.0m | $106.0m | $103.0m |
| Total assets | $6.66bn | $6.52bn | $6.84bn | $6.78bn | $6.72bn | $6.65bn | $6.74bn | $6.73bn |
| Cash and short-term investments | $2.35bn | $2.14bn | $2.06bn | $1.90bn | $1.69bn | $1.54bn | $1.52bn | $1.41bn |
| Debt | $2.24bn | $2.24bn | $2.26bn | $2.23bn | $2.27bn | $2.23bn | $2.24bn | $2.24bn |
| Shareholders' equity | $3.03bn | $2.98bn | $3.24bn | $3.20bn | $3.19bn | $3.19bn | $3.19bn | $3.18bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 74.2% | 73.5% | 66.5% | 68.2% | 77.2% | 77.7% |
| Operating margin | -20.1% | -35.5% | -35.4% | -62.9% | -47.7% | -35.6% |
| Net margin | -21.8% | -36.6% | -37.6% | -66.1% | -48.0% | -36.5% |
| Return on equity | -12.4% | -20.8% | -25.8% | -24.5% | -22.2% | -13.9% |
| Return on assets | -5.9% | -9.9% | -11.3% | -11.7% | -11.0% | -10.6% |
| Free cash flow yield | 2.3% | 1.9% | 1.7% | -0.0% | -0.5% | 0.5% |
| Revenue growth | 2.0% | -17.1% | 57.2% | 25.3% | 43.8% | 42.6% |
| Earnings growth | -39.4% | -19.2% | -10.6% | 72.6% | 88.7% | 73.0% |
| Current ratio | 1.84x | 2.50x | 2.60x | 2.34x | 3.44x | 4.13x |
| Debt to equity | 0.70x | 0.71x | 0.86x | 0.73x | 0.72x | 0.01x |
| Equity ratio | 47.3% | 47.4% | 43.9% | 47.9% | 49.5% | 76.3% |
| Interest coverage | -15.46x | -27.34x | -31.46x | -118.18x | -468.70x | -50.84x |
| R&D as a share of sales | 50.3% | 51.0% | 48.2% | 69.0% | 62.6% | 52.2% |
| Buybacks as a share of market value | -6.1% | -5.3% | -9.6% | -21.8% | -6.0% | -19.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.3% | 20.1% | — |
| Operating income | -21.8% | 9.0% | — |
| Net income | -24.1% | 7.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 73.8% | 70.5% | 71.9% | — |
| Operating margin | -32.2% | -39.9% | -40.5% | — |
| Net margin | -29.1% | -38.8% | -39.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -47.1 | -13.7 | -19.1 | -10.9 | -48.8 | -93.1 |
| Price to sales | 9.9 | 5.1 | 7.3 | 7.3 | 23.4 | 34.4 |
Market value over time
30 Sept 2020 to 7 Oct 2026, in USD
$13.00bn$19.90bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 99% | -45% | 47% | -68% | -17% | 142% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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