V 
48.96
+0.33%
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
$623.5m
FY2016FY2025
Net income
−$129.3m
FY2016FY2025
Free cash flow
$134.8m
FY2016FY2025
Shareholders' equity
$598.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $623.5m | $551.0m | $499.2m | $473.6m | $390.1m | $292.7m | $254.2m | $270.3m | $217.4m | $164.5m |
| Gross profit | $493.4m | $457.1m | $427.4m | $403.8m | $330.7m | $248.4m | $219.0m | $242.6m | $196.5m | $148.6m |
| Research and development | $237.8m | $196.8m | $183.8m | $177.9m | $137.9m | $99.4m | $80.8m | $70.0m | $47.4m | $36.7m |
| Operating income | −$146.5m | −$106.8m | −$117.2m | −$121.2m | −$99.3m | −$80.6m | −$76.0m | −$29.1m | −$13.4m | −$15.7m |
| Net income | −$129.3m | −$95.8m | −$100.9m | −$124.5m | −$116.9m | −$94.0m | −$78.8m | −$28.6m | −$13.8m | −$17.7m |
| Diluted earnings per share | -1.00 | -0.85 | -0.93 | -1.14 | -1.09 | -0.99 | -0.86 | -0.29 | -0.15 | -0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.79bn | $1.66bn | $1.10bn | $1.04bn | $1.11bn | $555.5m | $318.3m | $285.0m | $245.5m | $181.8m |
| Cash and short-term investments | $921.0m | $568.4m | $533.7m | $732.5m | $807.6m | $298.3m | $120.5m | $158.9m | $136.6m | $113.9m |
| Total liabilities | $1.19bn | $1.21bn | $614.3m | $541.6m | $511.9m | $461.4m | $224.8m | $159.6m | $131.0m | $99.1m |
| Debt | $452.3m | $700.8m | $250.5m | $249.0m | $225.3m | $218.5m | — | — | — | — |
| Shareholders' equity | $598.7m | $455.7m | $489.6m | $502.1m | $596.6m | $94.1m | $93.5m | $125.4m | $101.6m | $82.7m |
| Shares outstanding | 129m | 112m | 109m | 109m | 107m | 95m | 92m | 98m | 93m | 88m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $147.4m | $115.2m | $59.4m | $11.9m | $7.2m | −$5.8m | −$10.7m | $23.5m | $16.4m | $7.3m |
| Capital spending | −$12.6m | −$6.7m | −$5.1m | −$11.4m | −$10.5m | −$10.1m | −$25.4m | −$9.6m | −$5.3m | −$3.8m |
| Free cash flow | $134.8m | $108.5m | $54.3m | $475,000 | −$3.3m | −$16.0m | −$36.1m | $14.0m | $11.0m | $3.5m |
| Dividends paid | — | — | — | — | — | −$254.6m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $180.0m | $173.1m | $173.4m | $161.6m | $152.2m | $136.4m | $158.5m | $148.1m |
| Gross profit | $135.5m | $131.6m | $136.8m | $126.4m | $120.9m | $107.4m | $132.5m | $124.1m |
| Operating income | −$40.6m | −$44.5m | −$30.3m | −$35.9m | −$36.6m | −$43.8m | −$9.9m | −$24.7m |
| Net income | −$46.8m | −$36.9m | −$27.8m | −$29.9m | −$35.8m | −$35.8m | −$13.0m | −$18.3m |
| Diluted earnings per share | -0.41 | -0.32 | -0.22 | -0.23 | -0.28 | -0.28 | -0.12 | -0.16 |
| Cash from operations | $25.0m | $55.0m | $24.0m | $33.0m | $21.0m | $68.0m | $24.0m | $22.0m |
| Capital spending | −$4.0m | −$4.0m | −$3.0m | −$2.0m | −$3.0m | −$2.0m | −$4.0m | −$1.0m |
| Free cash flow | $21.0m | $51.0m | $21.0m | $31.0m | $18.0m | $66.0m | $20.0m | $21.0m |
| Total assets | $1.65bn | $1.63bn | $1.79bn | $1.67bn | $1.62bn | $1.58bn | $1.66bn | $1.52bn |
| Cash and short-term investments | $660.1m | $785.9m | $921.0m | $707.9m | $807.4m | $609.2m | $568.4m | $879.0m |
| Debt | $453.3m | $463.7m | $452.3m | $460.7m | $713.8m | $712.4m | $711.6m | $711.8m |
| Shareholders' equity | $444.5m | $453.5m | $598.7m | $604.8m | $341.5m | $367.7m | $455.7m | $428.6m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 79.1% | 83.0% | 85.6% | 85.3% | 84.8% | 84.9% |
| Operating margin | -18.7% | -13.6% | -23.5% | -25.6% | -25.4% | -27.5% |
| Net margin | -20.7% | -17.4% | -20.2% | -26.3% | -30.0% | -32.1% |
| Return on equity | -21.6% | -21.0% | -20.6% | -24.8% | -19.6% | -99.9% |
| Return on assets | -7.2% | -5.8% | -9.1% | -11.9% | -10.5% | -16.9% |
| Free cash flow yield | 2.5% | 2.2% | 1.2% | 0.4% | 0.3% | 0.1% |
| Revenue growth | 13.2% | 10.4% | 5.4% | 21.4% | 33.3% | 15.1% |
| Earnings growth | 35.0% | -5.1% | -19.0% | 6.6% | 24.3% | 19.4% |
| Current ratio | 1.97x | 1.19x | 2.43x | 3.87x | 4.53x | 2.22x |
| Debt to equity | 0.76x | 1.56x | 0.53x | 0.52x | 0.55x | 2.32x |
| Equity ratio | 33.4% | 27.4% | 44.4% | 48.1% | 53.8% | 16.9% |
| Interest coverage | -9.01x | -9.00x | -36.67x | -38.28x | -8.58x | -15.25x |
| R&D as a share of sales | 38.1% | 35.7% | 36.8% | 37.6% | 35.3% | 33.9% |
| Buybacks as a share of market value | -14.8% | -3.2% | 0.2% | -1.7% | -12.7% | -4.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.6% | 16.3% | 17.2% |
| Operating income | 6.5% | 12.7% | 22.6% |
| Net income | 1.3% | 6.6% | 19.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 80.9% | 83.0% | 83.4% | 85.0% |
| Operating margin | -21.6% | -22.9% | -23.7% | -21.4% |
| Net margin | -19.2% | -21.0% | -23.4% | -21.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -32.8 | -26.8 | -25.1 | -10.8 | -14.8 | -18.3 | -10.0 | -19.9 | -36.1 | -14.7 |
| Price to sales | 6.8 | 4.7 | 5.1 | 2.8 | 4.5 | 5.9 | 3.1 | 2.1 | 2.3 | 1.6 |
Market value over time
30 Nov 2016 to 23 Oct 2026, in USD
$768.9m$5.64bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 42% | 0% | 98% | -23% | -17% | 117% | 44% | 9% | 84% | 46% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 3-for-1 split · 15 Mar 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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