10-Year Performance
Revenue, net income, margins and EPS trends
06
Revenue$02019-12-31 → 2025-12-31
EPS$-2.432019-12-31 → 2025-12-31
Free Cash Flow$-129M2020-12-31 → 2025-12-31
Net margin·2020-12-31 → 2023-12-31
Valuation & Ratios07–12
Valuation
P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
PLRX
5Y avg
Peer Median
Verdict
P/E
-0.45Y avg ≈-4.5
≈-4.5
·
·
P/B (MRQ)
0.45Y avg ≈2.1
≈2.1
3.9
Undervalued
Price / FCF (TTM)
-0.95Y avg ≈-6.2
≈-6.2
·
·
Price / Cash Flow (TTM)
-0.95Y avg ≈-6.3
≈-6.3
·
·
Price / Tangible Book
0.45Y 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
PLRX
5Y avg
Peer Median
Verdict
ROA
-48.0%5Y avg ≈-43.7%
≈-43.7%
-53.7%
In line
ROE
-74.4%5Y avg ≈-52.5%
≈-52.5%
-120.8%
Top tier
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
PLRX
5Y avg
Peer Median
Verdict
Current Ratio (MRQ)
9.95Y avg ≈13.7
≈13.7
4.3
Strong liquidity
Quick Ratio
11.75Y avg ≈13.4
≈13.4
4.1
Strong liquidity
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
PLRX
5Y avg
Peer Median
Verdict
Revenue YoY
-83.7%5Y avg ≈-45.9%
≈-45.9%
·
·
Revenue CAGR 3Y
-66.4%
·
·
·
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
PLRX
5Y avg
Peer Median
Verdict
EPS (Diluted)
$-2.435Y avg ≈$-2.86
≈$-2.86
·
·
Revenue / Share
$0.005Y avg ≈$0.06
≈$0.06
·
·
Cash Flow / Share
$-2.095Y avg ≈$-2.22
≈$-2.22
·
·
Cash / Share
$0.745Y avg ≈$0.91
≈$0.91
·
·
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
PLRX
5Y avg
Peer Median
Verdict
Asset Turnover
0.05Y avg ≈0.0
≈0.0
0.0
Weak
Revenue / Employee
≈$0.00
·
·
·
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise0.86%
Next ReportNov 04, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 5, 2026
$-0.36
$-0.35
-3.2%
March 31, 2026
May 6, 2026
$-0.32
$-0.36
12.0%
Dec. 31, 2025
$-0.38
$-0.39
1.5%
Sept. 30, 2025
$-0.43
$-0.53
19.5%
June 30, 2025
$-0.71
$-0.71
-0.10%
March 31, 2025
$-0.92
$-0.74
-24.5%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement15
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
Revenue
$0
$0
$2M
$10M
$8M
$42M
$57M
R&D Expense
$109M
$169M
$128M
$97M
$78M
$66M
$47M
SG&A Expense
$47M
$59M
$58M
$40M
$28M
$17M
$11M
Operating Expenses
$156M
$228M
$186M
$137M
$105M
$83M
$58M
Operating Income
$-156M
$-228M
$-184M
$-127M
$-98M
$-42M
$-1M
Interest Expense
·
·
$1M
$791.0K
$0
·
·
Interest Income
·
·
·
·
·
$478.0K
$816.0K
Other Non-op
·
·
·
·
·
$-366.0K
$-216.0K
Income Tax
$0
$0
$0
$0
$0
$0
$0
Net Income
$-149M
$-210M
$-161M
$-123M
$-97M
$-42M
$-631.0K
EPS (Basic)
$-2.43
$-3.47
$-2.75
$-2.94
$-2.71
$-1.95
$-4.22
EPS (Diluted)
$-2.43
$-3.47
$-2.75
$-2.94
$-2.71
$-1.95
$-4.22
Shares (Basic)
61,366,887
60,538,639
58,719,083
42,015,908
35,846,421
21,344,236
1,623,358
Shares (Diluted)
61,366,887
60,538,639
58,719,083
42,015,908
35,846,421
21,344,236
1,623,358
EBITDA
$-156M
$-228M
$-184M
$-127M
·
$-42M
·
Balance Sheet23
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
Cash & Equivalents
$45M
$71M
$63M
$34M
$52M
$51M
$86M
Short-term Investments
$145M
$285M
$431M
$298M
$149M
$226M
$17M
Receivables
·
·
$0
$2M
$2M
$9M
$7M
Prepaid Expense
$4M
$7M
$11M
$7M
$7M
$4M
$2M
Current Assets
$196M
$362M
$506M
$340M
$209M
$291M
$112M
PP&E (Net)
$3M
$6M
$4M
$4M
$5M
$4M
$4M
PP&E (Gross)
$14M
$16M
$12M
$11M
$10M
$8M
$6M
Accum. Depreciation
$11M
$11M
$9M
$7M
$5M
$3M
$2M
Other Non-current Assets
$392.0K
$435.0K
$392.0K
$394.0K
$838.0K
$451.0K
$3M
Total Assets
$225M
$397M
$512M
$351M
$221M
$296M
$119M
Accounts Payable
$480.0K
$6M
$5M
$2M
$3M
$2M
$1M
Accrued Liabilities
$10M
$12M
$10M
$9M
$12M
$10M
$7M
Current Liabilities
$16M
$33M
$29M
$24M
$17M
$12M
$8M
Capital Leases
$28M
$29M
$0
$3M
$5M
$0
·
Other Non-current Liabilities
·
·
·
·
$0
$866.0K
$912.0K
Total Liabilities
$44M
$93M
$39M
$37M
$22M
$12M
$9M
Long-term Debt
$0
$30M
$10M
$10M
$0
·
·
Common Stock
$6.0K
$6.0K
$6.0K
$5.0K
$3.0K
$3.0K
$1.0K
Retained Earnings
$-859M
$-710M
$-500M
$-338M
$-215M
$-118M
$-76M
AOCI
$-15.0K
$321.0K
$345.0K
$-2M
$-201.0K
$-32.0K
$-1.0K
Stockholders' Equity
$181M
$304M
$474M
$313M
$199M
$283M
$-76M
Liabilities + Equity
$225M
$397M
$512M
$351M
$221M
$296M
$119M
Shares Outstanding
61,449,290
60,860,838
59,921,002
48,941,254
36,083,301
35,552,795
1,846,024
Cash Flow8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
Stock-based Comp
$26M
$38M
$44M
$23M
$10M
$4M
$2M
Operating Cash Flow
$-128M
$-156M
$-116M
$-95M
$-75M
$-37M
$-3M
CapEx
$374.0K
$4M
$921.0K
$2M
$2M
$2M
$964.0K
Investing Cash Flow
$134M
$140M
$-127M
$-150M
$74M
$-211M
$-18M
Financing Cash Flow
$-32M
$23M
$274M
$227M
$3M
$213M
$46M
Net Change in Cash
$-26M
$8M
$31M
$-18M
$783.0K
$-35M
$25M
Taxes Paid
$0
$0
·
·
·
·
·
Free Cash Flow
$-129M
$-159M
$-117M
$-96M
·
$-39M
·
Profitability5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
Operating Margin
·
·
-11654.8%
-1313.4%
·
-99.6%
·
Net Margin
·
·
-10211.1%
-1273.3%
·
-99.3%
·
EBITDA Margin
·
·
-11654.8%
-1313.4%
·
-99.6%
·
ROA
-48.0%
-46.3%
-37.4%
-43.1%
·
-20.0%
·
ROE
-74.4%
-64.7%
-33.0%
-37.9%
·
-14.2%
·
Liquidity & Solvency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
Current Ratio
12.0
10.9
17.7
14.2
·
25.1
·
Quick Ratio
11.7
10.7
17.3
13.9
·
24.7
·
Interest Coverage
·
·
-145.3
·
·
·
·
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
Asset Turnover
0.0
0.0
0.0
0.0
·
0.2
·
Receivables Turnover
·
·
1.6
4.9
·
5.1
·
Per Share7
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
Book Value / Share
$2.95
$5.00
$7.90
$6.40
·
$7.96
·
Revenue / Share
$0.00
$0.00
$0.03
$0.23
·
$1.96
·
Cash Flow / Share
$-2.09
$-2.57
$-1.98
$-2.25
·
$-1.75
·
Cash / Share
$0.74
$1.17
$1.06
$0.69
·
$1.43
·
Dividend / Share
$0.00
$0.00
$0.00
$0.00
·
$0.00
·
Dividend Paid / Share
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
·
EPS (TTM)
$-2.43
$-3.47
$-2.75
$-2.94
$-2.71
$-1.95
·
Growth Rates2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
Revenue YoY
·
·
-83.7%
27.9%
-81.9%
·
·
Revenue CAGR 3Y
·
·
-66.4%
·
·
·
·
Valuation (TTM)10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
Revenue TTM
$0
$0
$2M
$10M
$8M
$42M
·
Net Income TTM
$-149M
$-210M
$-161M
$-123M
$-97M
$-42M
·
Market Cap
$75M
$802M
$1.09B
$946M
·
$808M
·
P/E
-0.5
-3.8
-6.6
-6.6
-5.0
-11.7
·
P/S
·
·
686.8
97.7
·
19.3
·
P/B
0.4
2.6
2.3
3.0
·
2.9
·
P / Tangible Book
0.4
2.6
2.3
3.0
·
2.9
·
P / Cash Flow
-0.6
-5.2
-9.3
-10.0
·
-21.7
·
P / FCF
-0.6
-5.0
-9.3
-9.8
·
-20.8
·
Earnings Yield
-199.2%
-26.4%
-15.2%
-15.2%
-20.1%
-8.6%
·
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
Q3 2022
Q2 2022
Revenue
·
·
·
·
·
·
$0
$0
$0
$0
$0
$0
$248.0K
$1M
$1M
$5M
R&D Expense
$17M
$14M
$16M
$18M
$32M
$43M
$39M
$48M
$46M
$37M
$33M
$32M
$33M
$29M
$25M
$26M
SG&A Expense
$7M
$8M
$8M
$10M
$13M
$15M
$15M
$14M
$15M
$15M
$14M
$15M
$15M
$14M
$9M
$8M
Operating Expenses
$24M
$22M
$24M
$28M
$46M
$59M
$53M
$62M
$61M
$52M
$47M
$48M
$48M
$43M
$33M
$35M
Operating Income
$-24M
$-22M
$-24M
$-28M
$-46M
$-59M
$-53M
$-62M
$-61M
$-52M
$-47M
$-48M
$-47M
$-42M
$-32M
$-30M
Interest Expense
·
·
·
·
·
·
·
·
·
$445.0K
·
$317.0K
$319.0K
$311.0K
$301.0K
$173.0K
Income Tax
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Income
$-22M
$-20M
$-24M
$-26M
$-43M
$-56M
$-50M
$-58M
$-56M
$-47M
$-41M
$-41M
$-41M
$-38M
$-31M
$-30M
EPS (Basic)
$-0.36
$-0.32
$-0.37
$-0.43
$-0.71
$-0.92
$-0.82
$-0.95
$-0.92
$-0.78
$-0.68
$-0.70
$-0.70
$-0.67
$-0.65
$-0.82
EPS (Diluted)
$-0.36
$-0.32
$-0.37
$-0.43
$-0.71
$-0.92
$-0.82
$-0.95
$-0.92
$-0.78
$-0.68
$-0.70
$-0.70
$-0.67
$-0.65
$-0.82
Shares (Basic)
61,919,233
61,803,467
·
61,406,475
61,386,183
61,222,676
·
60,730,935
60,382,796
60,180,921
·
59,688,451
59,172,869
56,057,603
46,799,058
36,173,135
Shares (Diluted)
61,919,233
61,803,467
·
61,406,475
61,386,183
61,222,676
·
60,730,935
60,382,796
60,180,921
·
59,688,451
59,172,869
56,057,603
46,799,058
36,173,135
EBITDA
$-24M
$-22M
·
$-28M
$-46M
$-59M
·
$-62M
$-61M
$-52M
·
$-48M
$-47M
$-42M
$-32M
$-30M
Balance Sheet22
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
Q3 2022
Q2 2022
Cash & Equivalents
$25M
$22M
$45M
$94M
$87M
$92M
$71M
$80M
$80M
$114M
$63M
$58M
$55M
$103M
$45M
$25M
Short-term Investments
$133M
$149M
$145M
$148M
$176M
$214M
$285M
$325M
$356M
$368M
$431M
$466M
$500M
$475M
$316M
$139M
Receivables
·
·
·
·
·
·
·
·
·
·
·
$0
$2M
$3M
$1M
$5M
Prepaid Expense
$4M
$3M
$4M
$4M
$5M
$6M
$7M
$6M
$11M
$8M
$11M
$11M
$9M
$8M
$4M
$5M
Current Assets
$163M
$175M
$196M
$246M
$267M
$311M
$362M
$410M
$448M
$490M
$506M
$534M
$566M
$588M
$366M
$174M
PP&E (Net)
$2M
$3M
$3M
$4M
$5M
$5M
$6M
$6M
$5M
$6M
$4M
$4M
$4M
$4M
$5M
$5M
PP&E (Gross)
$13M
$13M
$14M
$16M
$17M
$16M
$16M
$16M
$15M
$15M
$12M
$12M
$12M
$11M
$11M
$10M
Accum. Depreciation
$11M
$10M
$11M
$12M
$12M
$11M
$11M
$10M
$10M
$9M
$9M
$8M
$8M
$7M
$6M
$6M
Other Non-current Assets
$554.0K
$389.0K
$392.0K
$392.0K
$391.0K
$427.0K
$435.0K
$427.0K
$437.0K
$392.0K
$392.0K
$392.0K
$672.0K
$644.0K
$397.0K
$913.0K
Total Assets
$190M
$203M
$225M
$277M
$300M
$345M
$397M
$446M
$484M
$522M
$512M
$540M
$575M
$598M
$377M
$185M
Accounts Payable
$2M
$362.0K
$480.0K
$485.0K
$1M
$6M
$6M
$7M
$3M
$7M
$5M
$3M
$2M
$1M
$3M
$3M
Accrued Liabilities
$4M
$4M
$10M
$8M
$7M
$7M
$12M
$10M
$8M
$6M
$10M
$8M
$7M
·
$20M
$17M
Current Liabilities
$16M
$10M
$16M
$18M
$21M
$28M
$33M
$40M
$31M
$30M
$29M
$27M
$30M
$23M
$26M
$23M
Capital Leases
$26M
$27M
$28M
$28M
$29M
$29M
$29M
$30M
$30M
$24M
$0
$0
$2M
$3M
$4M
$4M
Total Liabilities
$43M
$37M
$44M
$76M
$80M
$88M
$93M
$100M
$91M
$84M
$39M
$37M
$42M
$36M
$40M
$37M
Long-term Debt
$0
$0
$0
$30M
$30M
$30M
$30M
$30M
$30M
$30M
$10M
$10M
$10M
$10M
$10M
$10M
Common Stock
$6.0K
$6.0K
$6.0K
$6.0K
$6.0K
$6.0K
$6.0K
$6.0K
$6.0K
$6.0K
$6.0K
$6.0K
$6.0K
$6.0K
$5.0K
$3.0K
Retained Earnings
$-902M
$-879M
$-859M
$-836M
$-810M
$-766M
$-710M
$-660M
$-603M
$-547M
$-500M
$-459M
$-417M
$-376M
$-303M
$-273M
AOCI
$-397.0K
$-341.0K
$-15.0K
$34.0K
$-1.0K
$159.0K
$321.0K
$848.0K
$-617.0K
$-489.0K
$345.0K
$-2M
$-2M
$-1M
$-2M
$-1M
Stockholders' Equity
$147M
$165M
$181M
$200M
$220M
$257M
$304M
$346M
$393M
$437M
$474M
$503M
$533M
$562M
$337M
$148M
Liabilities + Equity
$190M
$203M
$225M
$277M
$300M
$345M
$397M
$446M
$484M
$522M
$512M
$540M
$575M
$598M
$377M
$185M
Shares Outstanding
61,920,154
61,914,569
61,449,290
61,449,290
61,386,183
61,386,183
60,860,838
60,849,503
60,425,144
60,318,542
59,921,002
59,890,980
59,222,685
58,978,902
48,749,842
36,182,297
Cash Flow7
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
Q3 2022
Q2 2022
Stock-based Comp
$4M
$4M
$5M
$6M
$6M
$9M
$8M
$9M
$11M
$10M
$9M
$10M
$13M
$12M
$5M
$3M
Operating Cash Flow
$-13M
$-19M
$-18M
$-21M
$-41M
$-49M
$-48M
$-32M
$-45M
$-30M
$-25M
$-36M
$-25M
$-30M
$-18M
$-24M
CapEx
$0
$0
$0
$0
$112.0K
$262.0K
$209.0K
$896.0K
$1M
$1M
$61.0K
$94.0K
$603.0K
$163.0K
$696.0K
$254.0K
Investing Cash Flow
$15M
$-4M
$2M
$28M
$35M
$69M
$39M
$31M
$11M
$60M
$32M
$38M
$-23M
$-174M
$-178M
$6M
Financing Cash Flow
$0
$74.0K
$-32M
$72.0K
$0
$498.0K
$102.0K
$543.0K
$684.0K
$22M
$219.0K
$699.0K
$161.0K
$273M
$216M
$10M
Net Change in Cash
$3M
$-23M
$-48M
$7M
$-5M
$21M
$-8M
$-770.0K
$-34M
$51M
$7M
$3M
$-48M
$69M
$20M
$-7M
Free Cash Flow
·
$-19M
·
·
·
$-49M
·
·
·
$-32M
·
·
·
$-30M
·
·
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
Q3 2022
Q2 2022
Operating Margin
·
·
·
·
·
·
·
·
·
·
·
·
-19083.9%
-3160.3%
-2155.7%
-594.1%
Net Margin
·
·
·
·
·
·
·
·
·
·
·
·
-16609.7%
-2818.9%
-2065.8%
-592.2%
EBITDA Margin
·
·
·
·
·
·
·
·
·
·
·
·
-19083.9%
-3160.3%
-2155.7%
-594.1%
ROA
-9.1%
-7.3%
·
-7.3%
-11.1%
-13.0%
·
-11.7%
-10.5%
-8.4%
·
-9.0%
-10.8%
-9.4%
-10.0%
-13.4%
ROE
-12.2%
-9.5%
·
-9.6%
-14.1%
-16.2%
·
-13.6%
-12.1%
-9.4%
·
-9.9%
-12.1%
-10.2%
-11.0%
-15.1%
Liquidity & Solvency3
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
Q3 2022
Q2 2022
Current Ratio
9.9
16.9
·
13.9
13.0
11.0
·
10.3
14.5
16.1
·
19.5
19.2
25.4
14.0
7.7
Quick Ratio
9.6
16.5
·
13.7
12.8
10.8
·
10.1
14.1
15.9
·
19.1
18.9
25.1
13.8
7.5
Interest Coverage
·
·
·
·
·
·
·
·
·
-117.7
·
-150.4
-148.4
-135.4
·
·
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
Q3 2022
Q2 2022
Asset Turnover
·
·
·
·
·
·
·
0.0
0.0
0.0
·
0.0
0.0
0.0
0.0
0.0
Receivables Turnover
·
·
·
·
·
·
·
·
·
·
·
0.0
0.1
0.6
1.0
1.5
Per Share7
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
Q3 2022
Q2 2022
Book Value / Share
$2.37
$2.67
·
$3.26
$3.59
$4.19
·
$5.68
$6.50
$7.25
·
$8.40
$9.00
$9.53
$6.91
$4.08
Revenue / Share
·
·
·
·
·
·
·
$0.00
$0.00
$0.00
·
$0.00
$0.00
$0.02
$0.03
$0.14
Cash Flow / Share
·
$-0.31
·
·
·
$-0.80
·
·
·
$-0.50
·
·
·
$-0.54
·
·
Cash / Share
$0.40
$0.36
·
$1.53
$1.41
$1.50
·
$1.31
$1.33
$1.89
·
$0.96
$0.93
$1.74
$0.92
$0.69
Dividend / Share
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
·
$0.00
$0.00
$0.00
·
$0.00
$0.00
$0.00
·
$0.00
Dividend Paid / Share
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
·
$0.00
$0.00
$0.00
·
$0.00
$0.00
$0.00
·
$0.00
EPS (TTM)
$-1.48
$-1.83
·
$-2.88
$-3.40
$-3.61
·
$-3.33
$-3.08
$-2.86
·
$-2.76
$-2.71
$-2.83
$-2.93
$-3.03
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
Q3 2022
Q2 2022
Revenue TTM
$0
$0
·
$0
$0
$0
·
$0
$0
$248.0K
·
$4M
$5M
$10M
$10M
$10M
Net Income TTM
$-92M
$-113M
·
$-175M
$-207M
$-220M
·
$-202M
$-185M
$-171M
·
$-155M
$-144M
$-133M
$-113M
$-109M
Market Cap
$71M
$78M
·
$91M
$71M
$83M
·
$682M
$650M
$899M
·
$1.04B
$1.07B
$1.57B
$1.02B
$290M
P/E
-0.8
-0.7
·
-0.5
-0.3
-0.4
·
-3.4
-3.5
-5.2
·
-6.3
-6.7
-9.4
-7.1
-2.6
P/S
·
·
·
·
·
·
·
·
·
3624.0
·
293.0
213.5
160.6
104.8
29.4
P/B
0.5
0.5
·
0.5
0.3
0.3
·
2.0
1.7
2.1
·
2.1
2.0
2.8
3.0
2.0
P / Tangible Book
0.5
0.5
·
0.5
0.3
0.3
·
2.0
1.7
2.1
·
2.1
2.0
2.8
3.0
2.0
P / Cash Flow
·
-4.1
·
·
·
-1.7
·
·
·
-29.7
·
·
·
-51.8
·
·
Earnings Yield
-129.8%
-145.2%
·
-194.6%
-293.1%
-267.4%
·
-29.7%
-28.6%
-19.2%
·
-15.9%
-15.0%
-10.6%
-14.0%
-37.8%
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
$0
$0
$2M
$10M
$8M
Operating Margin %
·
·
-11654.8%
-1313.4%
·
Net Income
$-149M
$-210M
$-161M
$-123M
$-97M
Diluted EPS
$-2.43
$-3.47
$-2.75
$-2.94
$-2.71
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
12.0
10.9
17.7
14.2
·
Quick Ratio
11.7
10.7
17.3
13.9
·
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-129M
$-159M
$-117M
$-96M
·
Institutional owners (13F)
99 filers
· $56.9M total
· As of June 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.
Holders99
Value held$56.9M
New positions12
Exited positions12
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
12 (-2 vs prior Q)
12 (-1 vs prior Q)
18 (-8 vs prior Q)
27 (0 vs prior Q)
-1.3M
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.
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
23 insiders
· 9 officers · 14 directors