| Market Cap | $5.88B | |
| Enterprise Value | $5.60B | |
| Revenue | $0 | — |
| Gross Profit | — | — |
| EBITDA | -$408.0M | — |
| Net Income | -$408.7M | — |
| Diluted EPS | -$3.29 | — |
| Free Cash Flow | -$303.9M | — |
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 9y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||||
| Operating Margin | — | — | −266.16% | −564.03% | −690.48% | −404.81% | — | — | — | — | — | |
| EBITDA Margin | — | — | −259.80% | −554.35% | −676.52% | −395.82% | — | — | — | — | — | |
| Net Margin | — | — | −248.88% | −561.47% | −700.46% | −405.21% | — | — | — | — | — | |
| FCF Margin | — | — | −323.20% | −417.83% | −701.73% | −402.97% | — | — | — | — | — | |
| OCF Margin | — | — | −308.00% | −391.29% | −673.84% | −399.77% | — | — | — | — | — | |
| Capex Intensity | — | — | 15.20% | 26.54% | 27.89% | 3.21% | — | — | — | — | — | |
| ▸Returns on Capital · 3 ratios | ||||||||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | ||||||||||||
| ▸Earnings quality · 1 ratios | ||||||||||||
| ▸Liquidity & coverage · 8 ratios | ||||||||||||
| ▸Leverage · 7 ratios | ||||||||||||
| ▸Working capital · 1 ratios | ||||||||||||
| ▸Capital allocation · 1 ratios | ||||||||||||
| ▸Per share · 6 ratios | ||||||||||||
| Line | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | $20.5M | $15.4M | $18.8M | $33.2M | — | — | $0 |
| YoY % | -24.8% | +22.2% | +76.4% | ||||||
| R&D Expense | $19.9M | $36.3M | $54.2M | $74.1M | $108.5M | $124.4M | $121.9M | $184.6M | $208.4M |
| YoY % | +82.1% | +49.3% | +36.6% | +46.5% | +14.7% | -2.0% | +51.4% | +12.9% | |
| SG&A Expense | $5.1M | $14.4M | $20.8M | $28.2M | $40.3M | $43.1M | $49.4M | $67.5M | $176.2M |
| YoY % | +182.8% | +44.7% | +35.6% | +42.7% | +7.1% | +14.6% | +36.7% | +161.0% | |
| Total Operating Expenses | $25.0M | $50.7M | $75.0M | $102.3M | $148.7M | $167.6M | $171.3M | $252.1M | $384.6M |
| YoY % | +102.5% | +48.0% | +36.3% | +45.4% | +12.7% | +2.2% | +47.1% | +52.6% | |
| Operating Income | -$25.0M | -$50.7M | -$54.5M | -$86.9M | -$129.9M | -$134.4M | -$171.3M | -$252.1M | -$384.6M |
| Interest Expense | — | — | — | — | — | — | — | $6.8M | $6.9M |
| YoY % | +0.8% | ||||||||
| Other Non-Operating Income | -$10,000 | -$56,000 | — | — | — | — | — | -$85,000 | -$301,000 |
| Gains on Sale of Real Estate | — | — | — | -$28,000 | -$24,000 | -$33,000 | -$11,000 | — | — |
| Impairment of Real Estate | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Net Income (incl. NCI) | -$25.0M | -$49.3M | -$51.0M | -$86.5M | -$131.8M | -$134.5M | -$165.8M | -$246.3M | -$377.9M |
| Net Income | -$25.0M | -$49.3M | -$51.0M | -$86.5M | -$131.8M | -$134.5M | -$165.8M | -$246.3M | -$377.9M |
| EPS (Basic) | — | — | — | -$2.81 | -$3.59 | -$2.26 | -$1.99 | -$2.47 | -$3.29 |
| EPS (Diluted) | — | — | — | -$2.81 | -$3.59 | -$2.26 | -$1.99 | -$2.47 | -$3.29 |
| Weighted Avg Shares (Basic) | — | — | — | 30.7M | 36.7M | 59.6M | 83.3M | 99.8M | 114.7M |
| YoY % | +19.4% | +62.4% | +39.8% | +19.8% | +14.9% | ||||
| Weighted Avg Shares (Diluted) | — | — | — | 30.7M | 36.7M | 59.6M | 83.3M | 99.8M | 114.7M |
| YoY % | +19.4% | +62.4% | +39.8% | +19.8% | +14.9% |
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.
