W 
69.75
-8.33%
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
$1.99bn
FY2016FY2025
Net income
$50.6m
FY2016FY2025
Free cash flow
$574.3m
FY2016FY2025
Shareholders' equity
−$366.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.99bn | $1.76bn | $1.56bn | $1.39bn | $1.27bn | $984.4m | $757.7m | $603.7m | $425.6m | $290.1m |
| Gross profit | $1.36bn | $1.20bn | $1.05bn | $861.4m | $781.1m | $671.3m | $562.8m | $476.8m | $356.2m | $244.8m |
| Research and development | $645.5m | $495.3m | $481.3m | $482.9m | $424.9m | $320.3m | $250.8m | $198.9m | $153.6m | $105.4m |
| Operating income | $1.8m | $100.1m | −$24.4m | −$284.3m | −$325.5m | −$199.1m | −$83.5m | −$33.2m | −$50.0m | −$44.0m |
| Net income | $50.6m | $138.3m | $33.1m | −$424.9m | −$117.2m | −$166.9m | −$87.7m | −$37.1m | −$56.3m | −$46.9m |
| Diluted earnings per share | 0.92 | 2.28 | 0.56 | -7.30 | -2.05 | -2.99 | -1.71 | -0.76 | -1.22 | -1.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $2.61bn | $1.91bn | $1.80bn | $1.76bn | $2.06bn | $1.89bn | $1.10bn | $844.8m | $331.9m | $215.0m |
| Cash and short-term investments | $1.18bn | $1.11bn | $962.9m | $1.06bn | $1.32bn | $1.04bn | $726.5m | $703.7m | $233.3m | $171.3m |
| Total liabilities | $2.98bn | $1.99bn | $1.86bn | $2.02bn | $1.91bn | $1.61bn | $891.9m | $692.5m | $320.6m | $217.2m |
| Debt | $1.17bn | $572.9m | $569.7m | $928.2m | $923.0m | $834.4m | $359.9m | $339.0m | $1.2m | — |
| Shareholders' equity | −$366.0m | −$78.8m | −$54.5m | −$263.2m | $145.7m | $287.2m | $207.7m | $152.3m | $11.3m | −$2.2m |
| Shares outstanding | 55m | 61m | 59m | 58m | 57m | 56m | 51m | 49m | 46m | 44m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $582.9m | $497.4m | $248.2m | $37.2m | $65.7m | $148.0m | $149.6m | $115.7m | $83.1m | $40.6m |
| Capital spending | −$8.6m | −$17.8m | −$66.0m | −$70.7m | −$37.7m | −$18.9m | −$22.1m | −$14.1m | −$12.4m | −$4.5m |
| Free cash flow | $574.3m | $479.6m | $182.2m | −$33.5m | $28.0m | $129.2m | $127.5m | $101.6m | $70.6m | $36.1m |
| Dividends paid | — | — | — | −$2.3m | −$13.3m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $563.1m | $541.2m | $524.3m | $505.2m | $489.9m | $473.7m | $460.5m | $444.7m |
| Gross profit | $370.3m | $353.4m | $353.0m | $345.3m | $336.6m | $321.9m | $316.8m | $302.6m |
| Operating income | −$31.7m | −$69.7m | −$72.6m | −$7.4m | $44.4m | $37.4m | $36.0m | $25.8m |
| Net income | −$76.4m | −$57.5m | −$40.2m | −$589,000 | $57.7m | $33.8m | $48.0m | $26.8m |
| Diluted earnings per share | -1.78 | -1.34 | -0.73 | -0.01 | 1.05 | 0.61 | 0.79 | 0.44 |
| Cash from operations | $59.0m | $78.0m | $174.0m | $146.0m | $150.0m | $145.0m | $133.0m | $129.0m |
| Capital spending | −$2.0m | −$3.0m | −$2.0m | −$1.0m | −$2.0m | −$3.0m | −$1.0m | −$2.0m |
| Free cash flow | $57.0m | $75.0m | $172.0m | $145.0m | $148.0m | $142.0m | $132.0m | $127.0m |
| Total assets | $1.85bn | $2.98bn | $2.61bn | $2.56bn | $2.00bn | $1.81bn | $1.91bn | $1.71bn |
| Cash and short-term investments | $960.9m | $2.02bn | $1.19bn | $1.59bn | $1.13bn | $1.07bn | $1.11bn | $961.2m |
| Debt | $1.68bn | $1.17bn | $1.17bn | $1.17bn | $607.3m | $603.0m | $600.8m | $603.4m |
| Shareholders' equity | −$1.74bn | −$102.4m | −$366.0m | −$278.8m | −$117.7m | −$168.6m | −$78.8m | −$199.3m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 68.1% | 67.9% | 67.2% | 62.1% | 61.5% | 68.2% |
| Operating margin | 0.2% | 8.8% | 2.7% | -33.3% | -3.8% | -12.4% |
| Net margin | 2.5% | 7.9% | 2.1% | -30.6% | -9.2% | -17.0% |
| Return on equity | -13.8% | -175.6% | -60.8% | 161.4% | -80.4% | -58.1% |
| Return on assets | 1.9% | 7.2% | 1.8% | -24.2% | -5.7% | -8.8% |
| Free cash flow yield | 14.3% | 11.3% | 7.1% | 2.5% | 2.4% | 4.0% |
| Revenue growth | 13.2% | 12.7% | 12.5% | 9.3% | 29.0% | 29.9% |
| Earnings growth | -63.4% | 317.4% | -107.8% | 262.5% | -29.8% | 90.2% |
| Current ratio | 1.19x | 0.84x | 1.36x | 0.96x | 1.79x | 1.74x |
| Debt to equity | -3.19x | -7.63x | -10.91x | -3.64x | 6.53x | 2.98x |
| Equity ratio | -14.0% | -4.1% | -3.0% | -15.0% | 7.1% | 15.2% |
| Interest coverage | 1.20x | 40.14x | 8.72x | -77.87x | -7.87x | -4.00x |
| R&D as a share of sales | 32.4% | 28.1% | 30.8% | 34.8% | 33.5% | 32.5% |
| Buybacks as a share of market value | 9.4% | -2.6% | -1.5% | -1.9% | -2.3% | -8.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.8% | 15.2% | 25.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 68.0% | 66.6% | 66.0% | 68.7% |
| Operating margin | 2.7% | -3.1% | -8.2% | -8.8% |
| Net margin | 5.0% | -3.0% | -5.4% | -6.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 112.7 | 94.1 | 219.3 | -10.5 | -76.9 | -83.6 | -71.6 | -119.4 | -47.3 | -41.7 |
| Price to sales | 2.9 | 7.4 | 4.7 | 3.2 | 7.1 | 14.2 | 8.3 | 7.3 | 6.3 | 6.7 |
Market value over time
30 Nov 2016 to 16 Oct 2026, in USD
$2.11bn$3.22bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -52% | 81% | 51% | -45% | -46% | 130% | 38% | 40% | 39% | 94% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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