Z 
26.86
+5.42%
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
$460.2m
FY2016FY2025
Net income
−$175.5m
FY2016FY2025
Free cash flow
−$158.9m
FY2016FY2025
Shareholders' equity
$715.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $460.2m | $399.0m | $266.7m | $215.0m | $144.3m | $49.0m | $13.0m | $129,452 | — | — |
| Research and development | $220.9m | $234.5m | $265.9m | $286.4m | $573.3m | $222.7m | $142.2m | $120.3m | $39.3m | $32.1m |
| Operating income | −$223.6m | −$282.1m | −$366.6m | −$404.4m | −$700.1m | −$301.8m | −$203.2m | −$141.8m | −$51.4m | −$38.5m |
| Net income | −$175.5m | −$257.1m | −$334.6m | −$443.3m | −$704.5m | −$268.9m | −$183.4m | −$139.1m | −$50.4m | −$37.5m |
| Diluted earnings per share | -1.59 | -2.53 | -0.34 | -0.46 | -0.74 | -0.31 | -0.27 | -0.24 | -0.02 | -0.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.17bn | $1.19bn | $1.04bn | $1.22bn | $1.61bn | $1.30bn | $355.2m | $302.0m | $249.6m | $88.9m |
| Cash and short-term investments | $689.6m | $779.7m | $806.5m | $1.01bn | $1.41bn | $1.19bn | $275.9m | $263.3m | $229.7m | $83.9m |
| Total liabilities | $456.9m | $344.9m | $240.2m | $174.5m | $230.0m | $128.3m | $60.5m | $50.9m | $14.5m | $140.5m |
| Debt | $210.9m | $139.8m | $7.1m | $7.0m | $5.9m | $5.2m | $10.8m | $3.6m | $2.39bn | — |
| Shareholders' equity | $715.5m | $840.9m | $796.1m | $1.05bn | $1.38bn | $1.17bn | $294.7m | $251.1m | $235.2m | −$51.6m |
| Shares outstanding | 111m | 102m | 970m | 960m | 954m | 875m | 679m | 580m | 3,288m | 96m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$150.8m | −$214.9m | −$198.2m | −$367.6m | −$549.2m | −$216.1m | −$191.0m | −$97.5m | −$32.4m | −$32.2m |
| Capital spending | −$8.1m | −$61.5m | −$8.5m | −$25.0m | −$18.9m | −$10.7m | −$15.2m | −$10.1m | −$9.1m | −$2.2m |
| Free cash flow | −$158.9m | −$276.4m | −$206.7m | −$392.6m | −$568.2m | −$226.7m | −$206.3m | −$107.7m | −$41.5m | −$34.4m |
| Dividends paid | — | — | — | −$16.1m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $106.3m | $99.6m | $127.6m | $116.1m | $110.0m | $106.5m | $109.1m | $102.3m |
| Operating income | −$76.5m | −$69.3m | −$69.4m | −$48.8m | −$54.9m | −$56.3m | −$67.9m | −$67.9m |
| Net income | −$50.8m | −$51.0m | −$50.4m | −$36.0m | −$40.7m | −$48.4m | −$81.7m | −$41.7m |
| Diluted earnings per share | -0.46 | -0.46 | -0.46 | -0.33 | -0.37 | -0.44 | -0.80 | -0.41 |
| Cash from operations | −$45.0m | −$11.0m | −$26.0m | −$32.0m | −$31.0m | −$61.0m | −$55.0m | −$26.0m |
| Capital spending | −$1.0m | −$22.0m | −$1.0m | −$4.0m | — | −$3.0m | −$17.0m | −$29.0m |
| Free cash flow | −$46.0m | −$33.0m | −$27.0m | −$36.0m | — | −$64.0m | −$72.0m | −$55.0m |
| Total assets | $1.07bn | $1.10bn | $1.17bn | $1.16bn | $1.16bn | $1.17bn | $1.19bn | $985.3m |
| Cash and short-term investments | $617.5m | $661.3m | $689.6m | $717.2m | $732.2m | $757.3m | $779.7m | $616.1m |
| Debt | $243.1m | $219.8m | $210.9m | $208.5m | $180.1m | $180.0m | $139.8m | $119.6m |
| Shareholders' equity | $607.0m | $662.0m | $715.5m | $759.9m | $791.7m | $810.8m | $840.9m | $667.7m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -37.7% | -63.9% | -140.3% | -206.0% | -482.3% | -616.4% |
| Net margin | -38.1% | -64.4% | -125.5% | -206.1% | -488.2% | -549.3% |
| Return on equity | -24.5% | -30.6% | -42.0% | -42.4% | -51.1% | -23.0% |
| Return on assets | -15.0% | -21.7% | -32.3% | -36.3% | -43.8% | -20.7% |
| Free cash flow yield | -5.6% | -6.7% | -0.9% | -1.6% | -2.5% | -1.0% |
| Revenue growth | 15.3% | 49.6% | 24.0% | 49.0% | 194.8% | 277.0% |
| Earnings growth | -31.7% | -23.2% | -24.5% | -37.1% | 162.0% | 46.6% |
| Current ratio | 2.45x | 3.51x | 4.63x | 8.04x | 7.78x | 12.40x |
| Debt to equity | 0.29x | 0.17x | 0.01x | 0.01x | 0.00x | 0.00x |
| Equity ratio | 61.0% | 70.9% | 76.8% | 85.7% | 85.7% | 90.1% |
| Interest coverage | -33.26x | -113.07x | -25.66x | -30.38x | -207.75x | -1667.41x |
| R&D as a share of sales | 48.0% | 58.8% | 99.7% | 133.2% | 397.3% | 454.9% |
| Buybacks as a share of market value | -8.7% | 89.5% | -1.1% | -0.6% | -9.0% | -28.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.9% | 56.5% | — |
| Operating income | -17.9% | -5.8% | 29.9% |
| Net income | -26.6% | -8.2% | 25.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -58.9% | -95.2% | -148.5% | — |
| Net margin | -50.4% | -90.3% | -142.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.1 | -10.4 | -79.3 | -66.5 | -85.2 | -440.5 | -154.0 | -96.9 | -1385.3 |
| Price to sales | 4.2 | 6.7 | 99.4 | 137.1 | 415.7 | — | — | — | — |
Market value over time
29 Sept 2017 to 29 Oct 2026, in USD
$1.97bn$2.50bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | -34% | -14% | 2% | -56% | -47% | 230% | 83% | -7% | -18% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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