| Market Cap | $1.51B | |
| Enterprise Value | — | |
| Revenue | $66.1M | +16.9% |
| Gross Profit | — | — |
| EBITDA | -$411.2M | — |
| Net Income | -$394.6M | — |
| Diluted EPS | -$3.81 | — |
| Free Cash Flow | -$363.6M | — |
| Ratio | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 11y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||||||
| Gross Margin | — | — | — | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — | — | — | — | |
| Operating Margin | — | −195.15% | −266.32% | −298.58% | −246.78% | −235.51% | −810.37% | −879.04% | −1420.51% | −923.10% | −651.67% | 45% | 22% | |
| EBITDA Margin | — | −188.45% | −254.86% | −283.91% | −233.81% | −224.63% | −789.52% | −864.51% | −1395.77% | −905.33% | −637.23% | 45% | 21% | |
| NOPAT Margin | — | −154.17% | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Margin | — | −191.97% | −258.62% | −280.42% | −1100.12% | −231.46% | −810.49% | −909.78% | −1326.51% | −896.77% | −609.85% | 55% | 21% | |
| FCF Margin | — | 181.71% | −288.57% | −222.17% | −255.28% | −92.25% | −719.41% | −665.46% | −1124.94% | −612.78% | −584.98% | 45% | 19% | |
| OCF Margin | — | 219.12% | −249.94% | −201.28% | −239.52% | −86.06% | −680.82% | −639.45% | −1086.38% | −602.80% | −583.32% | 45% | 20% | |
| Gross Profitability | — | — | — | 8.76% | 12.89% | 8.57% | 2.55% | — | — | — | — | — | — | |
| Capex Intensity | — | 37.41% | 38.64% | 20.89% | 15.76% | 6.18% | 38.59% | 26.01% | 38.55% | 9.98% | 1.67% | 5% | 38% | |
| ▸Returns on Capital · 3 ratios | ||||||||||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | ||||||||||||||
| ▸Earnings quality · 1 ratios | ||||||||||||||
| ▸Liquidity & coverage · 2 ratios | ||||||||||||||
| ▸Leverage · 2 ratios | ||||||||||||||
| ▸Working capital · 4 ratios | ||||||||||||||
| ▸Capital allocation · 1 ratios | ||||||||||||||
| ▸Per share · 6 ratios | ||||||||||||||
| ▸Other · 1 ratios | ||||||||||||||
| Line | 2015↗ | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $16.5M | $26.1M | $30.4M | $43.1M | $58.0M | $33.1M | $52.1M | $36.3M | $57.9M | $67.7M |
| YoY % | +58.5% | +16.5% | +41.6% | +34.5% | -43.0% | +57.7% | -30.4% | +59.6% | +16.9% | ||
| Cost of Revenue | — | — | — | $0 | $0 | $0 | $0 | — | — | — | — |
| R&D Expense | $11.2M | $31.8M | $67.6M | $89.1M | $108.4M | $150.4M | $229.8M | $420.0M | $435.1M | $466.3M | $388.9M |
| YoY % | +185.0% | +112.5% | +31.7% | +21.7% | +38.7% | +52.8% | +82.8% | +3.6% | +7.2% | -16.6% | |
| SG&A Expense | $8.3M | $16.8M | $28.0M | $32.2M | $41.1M | $44.2M | $71.1M | $90.3M | $116.5M | $125.8M | $119.8M |
| YoY % | +102.8% | +66.8% | +14.9% | +27.6% | +7.6% | +61.0% | +27.0% | +29.0% | +8.0% | -4.8% | |
| Total Operating Expenses | $19.5M | $48.6M | $95.7M | $121.3M | $149.5M | $194.6M | $300.9M | $510.3M | $551.6M | $592.1M | $508.7M |
| YoY % | +150.0% | +96.7% | +26.8% | +23.2% | +30.2% | +54.6% | +69.6% | +8.1% | +7.4% | -14.1% | |
| Operating Income | -$13.4M | -$32.2M | -$69.6M | -$90.9M | -$106.4M | -$136.6M | -$267.9M | -$458.2M | -$515.3M | -$534.3M | -$441.0M |
| Interest & Investment Income | — | $525,000 | $2.0M | $5.5M | $6.8M | $2.4M | $1.3M | $8.5M | $49.8M | $47.8M | $29.2M |
| YoY % | +283.2% | +174.7% | +23.7% | -65.6% | -45.5% | +565.8% | +483.4% | -4.1% | -38.9% | ||
| Other Non-Operating Income | — | — | — | — | $6.8M | $2.4M | -$42,000 | -$16.0M | $34.1M | $15.2M | $28.3M |
| YoY % | -65.6% | -55.3% | +85.6% | ||||||||
| Equity Method Income | — | — | — | — | $0 | $0 | -$1.3M | -$11.1M | -$15.6M | $0 | $0 |
| Pretax Income | -$13.4M | -$31.6M | -$67.5M | — | — | — | — | — | — | — | — |
| Income Tax | -$1.0M | $0 | — | — | — | — | — | — | — | — | $0 |
| Net Income (incl. NCI) | — | -$31.6M | -$67.5M | -$85.3M | -$99.5M | -$134.2M | -$267.9M | -$474.2M | -$481.2M | -$519.0M | -$412.7M |
| Net Income | -$12.4M | -$31.6M | -$67.5M | -$85.3M | -$474.2M | -$134.2M | -$267.9M | -$474.2M | -$481.2M | -$519.0M | -$412.7M |
| EPS (Basic) | — | — | — | — | — | -$2.40 | -$3.78 | -$6.16 | -$5.42 | -$5.25 | -$3.81 |
| EPS (Diluted) | — | — | — | — | — | -$2.40 | -$3.78 | -$6.16 | -$5.42 | -$5.25 | -$3.81 |
| Weighted Avg Shares (Basic) | — | — | — | — | — | 56.0M | 70.9M | 77.0M | 88.8M | 98.8M | 108.4M |
| YoY % | +26.6% | +8.6% | +15.3% | +11.4% | +9.6% | ||||||
| Weighted Avg Shares (Diluted) | — | — | — | — | — | 56.0M | 70.9M | 77.0M | 88.8M | 98.8M | 108.4M |
| YoY % | +26.6% | +8.6% | +15.3% | +11.4% | +9.6% |
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.
