| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CHF 0 | −100.0% |
| Gross Profit | — | — |
| EBITDA | -CHF 56.0M | — |
| Net Income | -CHF 61.7M | — |
| Diluted EPS | -CHF 1.65 | — |
| Free Cash Flow | -CHF 52.0M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Operating Margin | −624.21% | −650.17% | 61.50% | −868.26% | −1231.73% | — | — | — | |
| EBITDA Margin | −593.31% | −623.88% | 62.76% | −833.87% | −1184.06% | — | — | — | |
| NOPAT Margin | −493.12% | −513.64% | 61.50% | −685.92% | −973.07% | — | — | — | |
| Net Margin | −671.70% | −653.94% | 62.16% | −880.70% | −1087.38% | — | — | — | |
| FCF Margin | −325.71% | −942.03% | 61.91% | −846.55% | −1206.30% | — | — | — | |
| FCFF Margin | — | — | 62.24% | — | — | — | — | — | — |
| OCF Margin | −310.18% | −932.47% | 62.53% | −838.38% | −1192.11% | — | — | — | |
| Capex Intensity | 15.53% | 9.57% | 0.62% | 8.17% | 14.19% | — | — | — | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 6 ratios | |||||||||
| ▸Liquidity & coverage · 5 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 3 ratios | |||||||||
| ▸Capital allocation · 2 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 60.4% vs reported ROE 68.8%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CHF 9.3M | CHF 9.8M | CHF 189.6M | CHF 7.0M | CHF 5.0M | CHF 0 |
| YoY % | +4.4% | +1843.8% | -96.3% | -29.4% | -100.0% | |
| R&D Expense | CHF 56.1M | CHF 55.7M | CHF 50.7M | CHF 48.8M | CHF 48.6M | CHF 40.2M |
| YoY % | -0.6% | -8.9% | -3.9% | -0.4% | -17.3% | |
| SG&A Expense | CHF 11.6M | CHF 17.5M | CHF 22.2M | CHF 19.4M | CHF 17.6M | CHF 15.2M |
| YoY % | +50.5% | +27.4% | -12.9% | -9.2% | -13.3% | |
| Total Operating Expenses | CHF 67.7M | CHF 73.2M | CHF 73.0M | CHF 68.1M | CHF 66.2M | CHF 58.1M |
| YoY % | +8.1% | -0.3% | -6.6% | -2.9% | -12.2% | |
| Operating Income | -CHF 58.3M | -CHF 63.4M | CHF 116.6M | -CHF 61.1M | -CHF 61.2M | -CHF 58.1M |
| Interest Expense | CHF 4.8M | CHF 556,000 | CHF 619,000 | CHF 5.2M | CHF 38,000 | CHF 5.0M |
| YoY % | -88.5% | +11.3% | +732.8% | -99.3% | +13181.6% | |
| Interest & Investment Income | CHF 367,000 | CHF 191,000 | CHF 1.9M | CHF 4.3M | CHF 7.2M | CHF 1.5M |
| YoY % | -48.0% | +873.3% | +130.2% | +68.6% | -78.9% | |
| Pretax Income | -CHF 62.8M | -CHF 63.8M | CHF 117.9M | -CHF 62.0M | -CHF 54.0M | -CHF 61.6M |
| Income Tax | -CHF 11,000 | CHF 2,000 | CHF 0 | CHF 0 | CHF 2,000 | CHF 2,000 |
| YoY % | -100.0% | 0.0% | ||||
| Net Income (incl. NCI) | -CHF 62.8M | -CHF 63.8M | CHF 117.9M | -CHF 62.0M | -CHF 54.0M | -CHF 61.7M |
| EPS (Basic) | -CHF 2.51 | -CHF 2.06 | CHF 3.63 | -CHF 1.89 | -CHF 1.59 | -CHF 1.65 |
| EPS (Diluted) | -CHF 2.51 | -CHF 2.06 | CHF 3.54 | -CHF 1.89 | -CHF 1.59 | -CHF 1.65 |
| Weighted Avg Shares (Basic) | 25.0M | 31.0M | 32.5M | 32.8M | 34.0M | 37.3M |
| YoY % | +24.0% | +4.7% | +0.9% | +3.9% | +9.5% | |
| Weighted Avg Shares (Diluted) | 25.0M | 31.0M | 33.3M | 32.8M | 34.0M | 37.3M |
| YoY % | +24.0% | +7.3% | -1.5% | +3.9% | +9.5% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
