10-Year Performance
Revenue, net income, margins and EPS trends
06
Revenue$2M2016-12-31 → 2025-12-31
EPS$-4.202020-12-31 → 2025-12-31
Free Cash Flow·2018-12-31 → 2021-12-31
Net margin-7973.3%2024-12-31 → 2025-12-31
Valuation & Ratios07–12
Valuation
P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
DNTH
5Y avg
Peer Median
Verdict
P/E
-20.85Y avg ≈-14.9
≈-14.9
·
·
P/S
1854.05Y avg ≈346.1
≈346.1
55.0
Overvalued
P/B (MRQ)
4.15Y avg ≈7.6
≈7.6
8.1
Undervalued
Price / Cash Flow
-29.25Y avg ≈-24.2
≈-24.2
·
·
Price / Tangible Book
7.75Y avg ≈2.1
≈2.1
·
·
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability
Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
DNTH
5Y avg
Peer Median
Verdict
Operating Margin
-8739.3%
·
-101.3%
Weak
EBITDA Margin
-8739.3%
·
-101.3%
Weak
Net Profit Margin
-7973.3%
·
-100.5%
Weak
ROA
-35.9%5Y avg ≈-35.1%
≈-35.1%
-28.1%
Weak
ROE
-40.8%5Y avg ≈-32.4%
≈-32.4%
-41.5%
In line
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
DNTH
5Y avg
Peer Median
Verdict
Current Ratio (MRQ)
26.15Y avg ≈15.9
≈15.9
6.5
Strong liquidity
Quick Ratio (MRQ)
25.85Y avg ≈15.6
≈15.6
2.9
Strong liquidity
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
DNTH
5Y avg
Peer Median
Verdict
Revenue YoY
-67.3%
·
·
·
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
DNTH
5Y avg
Peer Median
Verdict
EPS (Diluted)
$-4.205Y avg ≈$-9.81
≈$-9.81
·
·
Revenue / Share
$0.05
·
·
·
Cash Flow / Share
$-3.345Y avg ≈$-3.48
≈$-3.48
·
·
Cash / Share
$1.185Y avg ≈$3.27
≈$3.27
·
·
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
DNTH
5Y avg
Peer Median
Verdict
Asset Turnover
0.0
·
0.2
Weak
Receivables Turnover
78.3
·
9.7
Top tier
Revenue / Employee
≈$22.1K
·
·
·
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-2.5%
Next ReportNov 03, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 6, 2026
$-0.90
$-0.87
-2.9%
March 31, 2026
May 11, 2026
$-0.85
$-1.09
22.3%
Dec. 31, 2025
$-1.43
$-1.10
-30.3%
Sept. 30, 2025
$-0.97
$-0.88
-10.3%
June 30, 2025
$-0.88
$-0.89
1.0%
March 31, 2025
$-0.82
$-0.87
5.3%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue
$2M
$6M
$3M
·
·
·
$0
$0
$0
R&D Expense
$146M
$83M
$33M
$29M
$47M
$51M
$59M
$41M
$28M
SG&A Expense
$34M
$25M
$18M
$7M
$28M
$28M
$24M
$19M
$8M
Operating Expenses
$180M
$108M
$51M
$36M
$75M
$79M
$83M
$60M
$36M
Operating Income
$-178M
$-102M
$-48M
$-30M
$-75M
$-79M
$-83M
$-60M
$-36M
Interest Income
$16M
$17M
$5M
·
·
·
·
·
·
Other Non-op
$-974.0K
$-554.0K
$-60.0K
$-52.0K
·
·
·
$2M
$236.0K
Income Tax
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Income
$-162M
$-85M
$-44M
$-28M
$-71M
$-75M
$-77M
$-58M
$-35M
EPS (Basic)
$-4.20
$-2.55
$-8.45
$-32.57
$-1.29
$-1.71
·
·
·
EPS (Diluted)
$-4.20
$-2.55
$-8.45
$-32.57
$-1.29
$-1.71
·
·
·
Shares (Basic)
38,617,580
33,313,849
5,153,423
874,234
54,948,808
43,920,121
·
·
·
Shares (Diluted)
38,617,580
33,313,849
5,153,423
874,234
54,948,808
43,920,121
·
·
·
EBITDA
$-178M
$-102M
$-48M
·
$-73M
$-77M
$-81M
$-59M
·
Balance Sheet22
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Cash & Equivalents
$51M
$23M
$132M
$15M
$132M
$58M
$65M
$58M
$51M
Short-term Investments
$353M
$252M
$41M
$60M
$45M
$91M
$81M
$84M
·
Receivables
$52.0K
$0
$294.0K
$5M
·
·
·
·
·
Prepaid Expense
$5M
$5M
$3M
$905.0K
$4M
$3M
$4M
$3M
$936.0K
Other Current Assets
$86.0K
$355.0K
$0
·
·
·
·
·
·
Current Assets
$409M
$281M
$177M
$82M
$181M
$152M
$150M
$145M
$53M
PP&E (Net)
$296.0K
$194.0K
$185.0K
$142.0K
$7M
$8M
$10M
$10M
$2M
PP&E (Gross)
$600.0K
$387.0K
$282.0K
$172.0K
$14M
$13M
$13M
$11M
$2M
Accum. Depreciation
$304.0K
$193.0K
$97.0K
$30.0K
$7M
$5M
$3M
$1M
$382.0K
Other Non-current Assets
·
·
·
·
·
·
·
·
$4.0K
Total Assets
$531M
$374M
$179M
$83M
$190M
$162M
$162M
$157M
$54M
Accounts Payable
$10M
$5M
$3M
$1M
$3M
$4M
$3M
$3M
$167.0K
Accrued Liabilities
$19M
$13M
$7M
$7M
$8M
$8M
$11M
$7M
$4M
Current Liabilities
$31M
$18M
$10M
$8M
$11M
$11M
$14M
$10M
$4M
Capital Leases
$1M
$1M
$168.0K
$438.0K
$0
·
·
·
·
Total Liabilities
$38M
$22M
$11M
$9M
$17M
$18M
$20M
$12M
$4M
Common Stock
$43.0K
$31.0K
$15.0K
$0
$59.0K
$49.0K
$39.0K
$33.0K
$2.0K
Retained Earnings
$-337M
$-174M
$-89M
$-46M
$-326M
$-254M
$-179M
$-103M
$-45M
AOCI
$489.0K
$106.0K
$47.0K
$-161.0K
$-30.0K
$-23.0K
$8.0K
$-8.0K
·
Stockholders' Equity
$493M
$352M
$169M
$-44M
$-17M
$144M
$141M
$146M
$-42M
Liabilities + Equity
$531M
$374M
$179M
$83M
$190M
$162M
$162M
$157M
$54M
Shares Outstanding
43,223,090
31,115,341
14,817,696
875,279
58,799,157
48,533,135
39,260,532
33,305,033
2,351,247
Cash Flow12
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
D&A
·
·
·
$2M
$2M
$2M
$2M
$875.0K
$376.0K
Stock-based Comp
$23M
$13M
$3M
$2M
$10M
$10M
$10M
$11M
$2M
Other Non-cash
·
·
·
·
$-723.0K
$-1M
$8M
$4M
·
Operating Cash Flow
$-129M
$-78M
$-37M
$-29M
$-60M
$-64M
$-57M
$-42M
$-22M
CapEx
·
·
·
$314.0K
$1M
$400.0K
$3M
$8M
$2M
Investing Cash Flow
$-123M
$-287M
$20M
$-60M
$43M
$-11M
$2M
$-92M
$-2M
Stock Issued
$317.0K
$0
$0
$3M
$0
$65M
$61M
$93M
·
Net Stock Activity
$317.0K
$39M
·
·
·
$65M
$61M
·
·
Financing Cash Flow
$280M
$256M
$134M
$97M
$90M
$68M
$62M
$142M
$71M
Net Change in Cash
$28M
$-109M
$117M
$8M
$73M
$-7M
$7M
$9M
$47M
Taxes Paid
$0
$0
$0
$0
·
·
·
·
·
Free Cash Flow
·
·
·
·
$-61M
$-64M
$-60M
$-50M
·
Profitability5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Operating Margin
-8739.3%
-1633.7%
·
·
·
·
·
·
·
Net Margin
-7973.3%
-1362.8%
·
·
·
·
·
·
·
EBITDA Margin
-8739.3%
-1633.7%
·
·
·
·
·
·
·
ROA
-35.9%
-30.7%
-33.2%
·
-40.5%
-46.4%
-48.2%
-54.3%
·
ROE
-40.8%
-24.6%
-25.1%
·
-39.3%
-49.5%
-50.7%
-37.7%
·
Liquidity & Solvency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Current Ratio
13.3
15.2
18.4
·
16.6
13.3
10.6
13.9
·
Quick Ratio
13.2
15.0
18.1
·
16.3
13.0
10.3
13.7
·
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Asset Turnover
0.0
0.0
·
·
·
·
0.0
0.0
·
Receivables Turnover
78.3
11.3
·
·
·
·
·
·
·
Per Share6
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Book Value / Share
$11.42
$11.33
$11.40
·
$2.94
$2.97
$3.60
$4.37
·
Revenue / Share
$0.05
$0.19
·
·
·
·
·
·
·
Cash Flow / Share
$-3.34
$-2.35
$-7.15
·
$-1.08
·
·
·
·
Cash / Share
$1.18
$0.73
$8.93
·
$2.24
$1.20
$1.66
$1.75
·
Dividend / Share
$0.00
$0.00
$0.00
·
·
·
·
·
·
EPS (TTM)
$-4.20
$-2.55
$-8.45
$-32.57
$-1.29
$-1.71
·
·
·
Growth Rates1
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue YoY
-67.3%
120.6%
·
·
·
·
·
·
·
Valuation (TTM)10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue TTM
$2M
$6M
$3M
·
$0
$0
$0
$0
·
Net Income TTM
$-162M
$-85M
$-44M
$-28M
$-71M
$-75M
$-77M
$-58M
·
Market Cap
$1.78B
$678M
$154M
·
$4.17B
$6.09B
$9.52B
$3.04B
·
P/E
-9.8
-8.5
-1.2
-0.2
-54.9
-73.4
·
·
·
P/S
874.9
108.8
54.5
·
·
·
·
·
·
P/B
3.6
1.9
0.9
·
24.1
42.3
67.4
20.9
·
P / Tangible Book
3.6
1.9
0.9
·
·
42.3
·
·
·
P / Cash Flow
-13.8
-8.7
-4.2
·
-70.0
-95.1
-166.8
-72.5
·
P / FCF
·
·
·
·
-68.6
-94.5
-158.3
-61.3
·
Earnings Yield
-10.2%
-11.7%
-81.2%
-508.9%
-1.8%
-1.4%
·
·
·
Income Statement13
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue
·
·
$284.0K
$396.0K
$193.0K
$1M
$1M
$2M
$2M
$874.0K
$457.0K
$924.0K
·
·
·
$1M
R&D Expense
$49M
$35M
$60M
$32M
$26M
$27M
$26M
$26M
$18M
$13M
$9M
$8M
$10M
$6M
$-6M
$7M
SG&A Expense
$14M
$12M
$10M
$8M
$9M
$7M
$7M
$7M
$6M
$6M
$5M
$9M
$2M
$2M
$-9M
$2M
Operating Expenses
$62M
$47M
$70M
$41M
$35M
$34M
$33M
$32M
$24M
$19M
$13M
$17M
$13M
$8M
$-15M
$9M
Operating Income
$-61M
$-47M
$-70M
$-40M
$-35M
$-33M
$-32M
$-30M
$-22M
$-18M
$-13M
$-16M
$-12M
$-8M
$20M
$-8M
Interest Income
$12M
$6M
$11M
$1M
$3M
$4M
$7M
$2M
$4M
$4M
·
·
·
·
·
·
Other Non-op
$-370.0K
$-249.0K
$-409.0K
$-360.0K
$-107.0K
$-98.0K
$-382.0K
$22.0K
$-80.0K
$-114.0K
$-19.0K
$-15.0K
$-23.0K
$-3.0K
$-43.0K
$-2.0K
Net Income
$-50M
$-41M
$-64M
$-37M
$-32M
$-30M
$-28M
$-25M
$-18M
$-14M
$-11M
$-15M
$-11M
$-7M
$-10M
$-8M
EPS (Basic)
$-0.90
$-0.85
$-1.53
$-0.97
$-0.88
$-0.82
$-0.76
$-0.74
$-0.51
$-0.54
$16.16
$-3.78
$-12.73
$-8.10
$-22.99
$-8.90
EPS (Diluted)
$-0.90
$-0.85
$-1.53
$-0.97
$-0.88
$-0.82
$-0.76
$-0.74
$-0.51
$-0.54
$16.16
$-3.78
$-12.73
$-8.10
$-22.99
$-8.90
Shares (Basic)
56,029,124
48,032,742
·
37,794,088
35,822,308
35,790,700
·
34,236,728
34,227,038
25,665,475
·
3,906,886
874,900
874,709
·
874,327
Shares (Diluted)
56,029,124
48,032,742
·
37,794,088
35,822,308
35,790,700
·
34,236,728
34,227,038
25,665,475
·
3,906,886
874,900
874,709
·
874,327
EBITDA
$-61M
$-47M
·
$-40M
$-35M
$-33M
·
$-30M
$-22M
$-18M
·
$-16M
$-7M
$-32M
·
$-17M
Balance Sheet21
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Cash & Equivalents
$111M
$628M
$51M
$56M
$13M
$10M
$23M
$34M
$314M
$330M
$132M
$157M
$63M
$49M
$15M
$59M
Short-term Investments
$776M
$484M
$353M
$347M
$244M
$253M
$252M
$247M
$47M
$47M
$41M
$33M
·
·
$60M
$69M
Receivables
$106.0K
$1M
$52.0K
$5M
$39.0K
$1M
$0
$1M
$840.0K
$435.0K
$294.0K
$232.0K
·
·
$5M
·
Prepaid Expense
$11M
$7M
$5M
$6M
$6M
$7M
$5M
$4M
$3M
$3M
$3M
$832.0K
$1M
$3M
$905.0K
$4M
Other Current Assets
$184.0K
$83.0K
$86.0K
$73.0K
$111.0K
$392.0K
$355.0K
·
·
·
$0
·
·
·
·
·
Current Assets
$898M
$1.12B
$409M
$414M
$264M
$271M
$281M
$287M
$366M
$381M
$177M
$191M
$79M
$83M
$82M
$132M
PP&E (Net)
$418.0K
$274.0K
$296.0K
$185.0K
$207.0K
$191.0K
$194.0K
$189.0K
$189.0K
$195.0K
$185.0K
$195.0K
$0
$0
$142.0K
$6M
PP&E (Gross)
$791.0K
$610.0K
$600.0K
$462.0K
$457.0K
$411.0K
$387.0K
$356.0K
$331.0K
$314.0K
$282.0K
$272.0K
·
·
$172.0K
·
Accum. Depreciation
$373.0K
$336.0K
$304.0K
$277.0K
$250.0K
$220.0K
$193.0K
$167.0K
$142.0K
$119.0K
$97.0K
$77.0K
·
·
$30.0K
·
Total Assets
$1.21B
$1.25B
$531M
$577M
$326M
$349M
$374M
$354M
$369M
$382M
$179M
$192M
$79M
$83M
$83M
$164M
Accounts Payable
$6M
$5M
$10M
$7M
$5M
$8M
$5M
$8M
$4M
$3M
$3M
$1M
$813.0K
$1M
$1M
$3M
Accrued Liabilities
$26M
$31M
$19M
$16M
$14M
$8M
$13M
$8M
$6M
$6M
$7M
$11M
·
·
$7M
$7M
Current Liabilities
$34M
$38M
$31M
$24M
$20M
$17M
$18M
$16M
$10M
$9M
$10M
$13M
$4M
$6M
$8M
$13M
Capital Leases
$913.0K
$965.0K
$1M
$1M
$1M
$1M
$1M
$0
$30.0K
$97.0K
$168.0K
$257.0K
$0
$0
$438.0K
$27M
Total Liabilities
$41M
$46M
$38M
$31M
$23M
$20M
$22M
$16M
$11M
$10M
$11M
$14M
$4M
$6M
$9M
$40M
Common Stock
$55.0K
$54.0K
$43.0K
$43.0K
$32.0K
$32.0K
$31.0K
$29.0K
$29.0K
$29.0K
$15.0K
$15.0K
$61.0K
$61.0K
$0
$61.0K
Retained Earnings
$-428M
$-378M
$-337M
$-272M
$-236M
$-204M
$-174M
$-146M
$-121M
$-103M
$-89M
$-79M
$-434M
$-431M
$-46M
$-382M
AOCI
$-2M
$-575.0K
$489.0K
$163.0K
$98.0K
$270.0K
$106.0K
$681.0K
$-37.0K
$-27.0K
$47.0K
$-4.0K
$-3.0K
$-16.0K
$-161.0K
$-462.0K
Stockholders' Equity
$1.17B
$1.20B
$493M
$546M
$303M
$329M
$352M
$338M
$358M
$373M
$169M
$178M
$75M
$77M
$-44M
$124M
Liabilities + Equity
$1.21B
$1.25B
$531M
$577M
$326M
$349M
$374M
$354M
$369M
$382M
$179M
$192M
$79M
$83M
$83M
$164M
Shares Outstanding
54,798,338
54,582,749
43,223,090
42,854,563
32,176,482
32,125,933
31,115,341
29,366,352
29,352,140
29,348,626
14,817,696
14,817,762
60,652,197
60,648,821
875,279
60,555,520
Cash Flow13
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
D&A
·
·
·
·
·
·
·
·
·
·
·
·
$0
$421.0K
·
$471.0K
Stock-based Comp
$12M
$11M
$6M
$6M
$6M
$5M
$4M
$4M
$3M
$2M
$726.0K
$1M
$489.0K
$533.0K
$513.0K
$-3M
Restructuring
·
·
·
·
·
·
·
·
·
·
·
·
$2M
$18M
·
·
Other Non-cash
·
·
·
·
·
·
·
·
·
·
·
·
·
$-7M
·
·
Operating Cash Flow
$-49M
$-29M
$-47M
$-31M
$-24M
$-28M
$-27M
$-21M
$-15M
$-15M
$-12M
$17M
$21M
$-10M
$-9M
$16M
CapEx
·
·
·
·
·
·
·
·
·
·
·
·
$0
$245.0K
·
$158.0K
Investing Cash Flow
$-479M
$-134M
$37M
$-201M
$26M
$15M
$-23M
$-259M
$1M
$-6M
$-8M
$-17M
$13M
$18M
$-13M
$-7M
Stock Issued
$0
$120.0K
$1.0K
$187.0K
$0
$129.0K
$0
$0
$0
$0
·
·
·
·
·
·
Net Stock Activity
·
$120.0K
·
·
·
$129.0K
·
·
·
·
·
·
·
·
·
·
Financing Cash Flow
$10M
$739M
$5M
$275M
$568.0K
$161.0K
$40M
$296.0K
$-2M
$218M
$-5M
$138M
$0
$0
$0
$97M
Net Change in Cash
$-517M
$577M
$-5M
$43M
$3M
$-13M
$-11M
$-280M
$-16M
$197M
$-25M
$139M
$34M
$8M
$-22M
$106M
Taxes Paid
·
·
·
·
·
·
·
·
·
$0
$0
·
·
$0
$0
·
Free Cash Flow
·
·
·
·
·
·
·
·
·
·
·
·
·
$-36M
·
·
Profitability5
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Operating Margin
·
·
·
-10173.7%
-18096.9%
-2852.7%
·
·
·
·
·
-1705.5%
·
·
·
·
Net Margin
·
·
·
-9284.1%
-16388.1%
-2537.5%
·
·
·
·
·
-1597.7%
·
·
·
·
EBITDA Margin
·
·
·
-10173.7%
-18096.9%
-2852.7%
·
·
·
·
·
-1705.5%
·
·
·
·
ROA
-6.5%
-5.1%
·
-7.9%
-9.1%
-8.1%
·
-9.2%
-7.9%
-5.9%
·
-8.3%
-2.6%
-21.0%
·
-8.7%
ROE
-6.8%
-5.3%
·
-8.3%
-9.6%
-8.4%
·
-9.8%
-8.1%
-6.1%
·
-9.8%
-3.1%
-25.5%
·
-10.2%
Liquidity & Solvency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Current Ratio
26.1
29.3
·
17.3
13.1
16.0
·
18.3
36.5
42.5
·
14.6
19.5
13.9
·
10.2
Quick Ratio
25.8
29.1
·
17.1
12.8
15.6
·
18.0
36.1
42.1
·
14.5
15.5
8.1
·
9.9
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Asset Turnover
·
·
·
0.0
0.0
0.0
·
·
·
·
·
0.0
·
·
·
·
Receivables Turnover
·
·
·
0.1
0.4
1.6
·
·
·
·
·
8.0
·
·
·
·
Per Share6
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Book Value / Share
$21.39
$22.01
·
$12.75
$9.42
$10.23
·
$11.51
$12.20
$12.70
·
$12.04
$1.23
$1.28
·
$2.05
Revenue / Share
·
·
·
$0.01
$0.01
$0.03
·
·
·
·
·
$0.24
·
·
·
·
Cash Flow / Share
·
$-0.60
·
·
·
$-0.77
·
·
·
$-0.58
·
·
·
$-0.59
·
·
Cash / Share
$2.02
$11.50
·
$1.31
$0.41
$0.31
·
$1.15
$10.70
$11.23
·
$10.61
$1.03
$0.80
·
$0.97
Dividend / Share
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
·
$0.00
$0.00
$0.00
·
·
·
·
·
·
EPS (TTM)
$-4.25
$-4.23
·
$-3.43
$-3.20
$-2.83
·
$14.37
$11.33
$-0.89
·
$-47.60
$-52.72
$-40.28
·
$-9.89
Valuation (TTM)9
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue TTM
$2M
$2M
·
$3M
$5M
$7M
·
$5M
$4M
·
·
·
·
·
·
·
Net Income TTM
$-192M
$-174M
·
$-126M
$-115M
$-101M
·
$-67M
$-57M
$-50M
·
$-43M
$-36M
$-31M
·
$-38M
Market Cap
$5.34B
$4.58B
·
$1.69B
$599M
$583M
·
$804M
$760M
$880M
·
$203M
$738M
$767M
·
$1.37B
P/E
-22.9
-19.8
·
-11.5
-5.8
-6.4
·
1.9
2.3
-33.7
·
-0.3
-0.2
-0.3
·
-2.3
P/S
2623.6
2249.8
·
547.9
123.5
89.3
·
149.8
184.5
·
·
·
·
·
·
·
P/B
4.6
3.8
·
3.1
2.0
1.8
·
2.4
2.1
2.4
·
1.1
9.9
9.9
·
11.0
P / Tangible Book
4.6
3.8
·
3.1
2.0
1.8
·
2.4
2.1
2.4
·
1.1
9.9
9.9
·
11.0
P / Cash Flow
·
-158.7
·
·
·
-21.1
·
·
·
-58.9
·
·
·
-21.5
·
·
Earnings Yield
-4.4%
-5.0%
·
-8.7%
-17.2%
-15.6%
·
52.5%
43.8%
-3.0%
·
-348.2%
-433.5%
-318.7%
·
-43.8%
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$2M
$6M
$3M
·
·
Operating Margin %
-8739.3%
-1633.7%
·
·
·
Net Income
$-162M
$-85M
$-44M
$-28M
$-71M
Diluted EPS
$-4.20
$-2.55
$-8.45
$-32.57
$-1.29
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
13.3
15.2
18.4
·
16.6
Quick Ratio
13.2
15.0
18.1
·
16.3
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
·
·
·
·
$-61M
Institutional owners (13F)
284 filers
· $5.9B total
· As of Sept. 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders284
Value held$5.9B
New positions61
Exited positions31
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
61 (-43 vs prior Q)
31 (+14 vs prior Q)
121 (+38 vs prior Q)
67 (+14 vs prior Q)
+4.7M
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Avidity Partners Management LP, Avidity Partners Management (GP) LLC, Avidity Capital Partners Fund (GP) LP, Avidity Capital Partners (GP) LLC, Avidity Private Master Fund I LP, Michael Gregory
×4 filings
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
36 insiders
· 13 officers · 17 directors