V 
28.99
+8.01%
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
−$359.6m
FY2016FY2025
Free cash flow
−$278.7m
FY2016FY2025
Shareholders' equity
$639.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $10,701 | $10,731 | — | — | — | — |
| Gross profit | −$431,000 | −$346,000 | −$292,000 | −$291,000 | −$296,000 | $10,731 | −$260,000 | — | — | — |
| Research and development | $345.0m | $101.6m | $63.8m | $54.2m | $45.0m | $31.9m | $23.6m | $19.0m | $13.7m | $9.0m |
| Operating income | −$393.3m | −$150.9m | −$100.8m | −$70.4m | −$55.7m | −$42.7m | −$32.7m | −$26.2m | −$18.7m | −$12.8m |
| Net income | −$359.6m | −$110.0m | −$85.9m | −$68.9m | −$55.0m | −$39.5m | −$25.8m | −$22.1m | −$20.6m | −$14.7m |
| Diluted earnings per share | -3.15 | -0.99 | -0.86 | -0.90 | -0.72 | -0.54 | -0.36 | -0.31 | -0.69 | -0.74 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $715.7m | $908.3m | $368.5m | $168.5m | $210.7m | $256.5m | $284.3m | $302.3m | $22.1m | $14.5m |
| Cash and short-term investments | $705.7m | $902.6m | $362.1m | $155.5m | $202.1m | $248.4m | $275.6m | $301.5m | $20.6m | $13.2m |
| Total liabilities | $76.7m | $28.0m | $20.1m | $23.2m | $8.8m | $12.2m | $7.1m | $4.6m | $8.7m | $6.5m |
| Debt | — | — | — | — | — | — | — | — | $3.5m | $3.3m |
| Shareholders' equity | $639.1m | $880.3m | $348.4m | $145.3m | $201.9m | $244.3m | $277.1m | $297.8m | $13.5m | $8.0m |
| Shares outstanding | 114m | 111m | 100m | 77m | 77m | 73m | 72m | 71m | 30m | 20m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$278.7m | −$87.8m | −$73.4m | −$48.4m | −$47.6m | −$21.8m | −$24.8m | −$18.8m | −$14.8m | −$11.1m |
| Free cash flow | −$278.7m | −$87.8m | −$73.4m | −$48.4m | −$47.6m | −$21.8m | −$24.8m | −$18.8m | −$14.8m | −$11.1m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −$22,288 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | −$94,000 | −$114,000 | −$112,000 | — | −$110,000 | −$87,000 |
| Operating income | −$132.6m | −$164.1m | −$164.7m | −$98.6m | −$74.6m | −$55.5m | −$46.2m | −$36.6m |
| Net income | −$128.0m | −$158.3m | −$157.7m | −$90.8m | −$65.6m | −$45.6m | −$35.4m | −$24.9m |
| Diluted earnings per share | -1.10 | -1.37 | -1.38 | -0.80 | -0.58 | -0.40 | -0.32 | -0.22 |
| Cash from operations | −$125.0m | −$113.0m | −$85.0m | −$94.0m | −$47.0m | −$52.0m | −$31.0m | −$21.0m |
| Total assets | $521.9m | $608.2m | $715.7m | $739.4m | $827.9m | $867.0m | $908.3m | $937.9m |
| Cash and short-term investments | $501.7m | $603.0m | $705.7m | $714.6m | $807.7m | $851.9m | $902.6m | $930.4m |
| Debt | $161,000 | — | $137,000 | $437,000 | $468,000 | $498,000 | $489,000 | $480,000 |
| Shareholders' equity | $408.3m | $501.9m | $639.1m | $713.0m | $795.5m | $846.9m | $880.3m | $911.4m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | -2766.1% | 100.0% |
| Operating margin | — | — | — | — | -513709.0% | -368045.8% |
| Net margin | — | — | — | — | -513877.2% | -368045.8% |
| Return on equity | -56.3% | -12.5% | -24.7% | -47.4% | -27.2% | -16.2% |
| Return on assets | -50.2% | -12.1% | -23.3% | -40.9% | -26.1% | -15.4% |
| Revenue growth | — | — | — | — | -0.3% | — |
| Earnings growth | 227.1% | 28.0% | 24.7% | 25.2% | 39.2% | 53.2% |
| Current ratio | 9.33x | 33.09x | 19.19x | 7.61x | 23.98x | 21.11x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 89.3% | 96.9% | 94.6% | 86.2% | 95.8% | 95.3% |
| Interest coverage | -6421.13x | -1168.82x | -1145.76x | -1166.24x | -3054.00x | -372.59x |
| R&D as a share of sales | — | — | — | — | 420343.9% | 297558.5% |
| Buybacks as a share of market value | -2.4% | -11.2% | -30.7% | 0.4% | -5.5% | -1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 77.5% | 55.9% | 41.8% |
| Net income | 73.5% | 55.5% | 31.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.2 | -23.6 | -12.6 | -6.0 | -3.7 | -6.0 | -13.0 | -14.3 | -3.4 | -0.9 |
Market value over time
30 Nov 2016 to 16 Oct 2026, in USD
$20.5m$2.92bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 53% | 100% | 174% | 41% | -23% | -17% | 0% | 87% | 264% | -45% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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