10-Year Performance
Revenue, net income, margins and EPS trends
06
Revenue$02016-12-31 → 2025-12-31
EPS$13.762020-12-31 → 2023-12-31
Free Cash Flow·2016-12-31 → 2024-12-31
Net margin·2018-12-31 → 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
SYRE
5Y avg
Peer Median
Verdict
P/E
29.15Y avg ≈2.7
≈2.7
·
·
P/B (MRQ)
7.55Y avg ≈22.7
≈22.7
7.1
Fair value
Price / Cash Flow
-43.45Y avg ≈-35.6
≈-35.6
·
·
Price / Tangible Book
10.35Y avg ≈19.0
≈19.0
·
·
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
SYRE
5Y avg
Peer Median
Verdict
ROA
-22.4%5Y avg ≈-51.8%
≈-51.8%
-42.7%
Top tier
ROE
-26.5%5Y avg ≈-72.2%
≈-72.2%
-56.0%
Top tier
ROIC
-29.3%5Y avg ≈-79.1%
≈-79.1%
-37.2%
Top tier
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SYRE
5Y avg
Peer Median
Verdict
Current Ratio (MRQ)
18.55Y avg ≈8.4
≈8.4
7.3
Strong liquidity
Quick Ratio
1.55Y avg ≈1.6
≈1.6
5.5
Low liquidity
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SYRE
5Y avg
Peer Median
Verdict
Revenue YoY
-62.0%
·
·
·
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
SYRE
5Y avg
Peer Median
Verdict
EPS (Diluted)
$13.765Y avg ≈$-12.04
≈$-12.04
·
·
Cash / Share
$1.105Y avg ≈$0.86
≈$0.86
·
·
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SYRE
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 Surprise27.7%
Next ReportNov 02, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 3, 2026
$-0.36
$-0.77
53.5%
March 31, 2026
May 7, 2026
$-0.74
$-0.68
-8.9%
Dec. 31, 2025
$-0.70
$-0.79
11.4%
Sept. 30, 2025
$-0.15
$-0.76
80.3%
June 30, 2025
$-0.77
$-0.77
-0.17%
March 31, 2025
$-0.60
$-0.86
30.1%
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
2016
Revenue
$0
$0
$886.0K
$2M
$19M
$0
$0
$4M
$5M
$5M
R&D Expense
·
·
·
$59M
$57M
$60M
$65M
$37M
$23M
$18M
SG&A Expense
$48M
$46M
$40M
$29M
$27M
$22M
$16M
$13M
$10M
$8M
Operating Expenses
$210M
$209M
$243M
$87M
$84M
$81M
$80M
$49M
$33M
$27M
Operating Income
$-210M
$-209M
$-242M
$-85M
$-66M
$-81M
$-80M
$-45M
$-28M
$-22M
Other Non-op
$29M
$-21M
$-19M
$-7.0K
$-122.0K
$-5.0K
$-63.0K
$-57.0K
$-42.0K
$-36.0K
Pretax Income
$-155M
$-208M
$-339M
$-84M
$-66M
$-81M
$-78M
·
·
·
Income Tax
$-15.0K
$51.0K
$-26.0K
$-136.0K
$141.0K
$0
$0
$0
$0
$0
Net Income
$-155M
$-208M
$-339M
$-84M
$-66M
$-81M
$-78M
$-44M
$-27M
$-22M
EPS (Basic)
·
·
$13.76
$-24.86
$-25.02
$-1.52
·
·
·
·
EPS (Diluted)
·
·
$13.76
$-24.86
$-25.02
$-1.52
·
·
·
·
Shares (Basic)
·
·
6,897,065
3,371,231
2,629,784
53,371,730
·
·
·
·
Shares (Diluted)
·
·
6,897,065
3,371,231
2,629,784
53,371,730
·
·
·
·
EBITDA
$-210M
$-209M
$-242M
$-83M
$-64M
$-80M
$-80M
$-45M
$-27M
$-22M
Balance Sheet21
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Cash & Equivalents
$86M
$89M
$189M
$35M
$15M
$90M
$19M
$22M
$13M
$48M
Short-term Investments
·
·
·
·
·
·
·
$52M
$37M
$16M
Prepaid Expense
$21M
$5M
$2M
$6M
$5M
$4M
$3M
$2M
$2M
$2M
Current Assets
$778M
$608M
$342M
$62M
$99M
$150M
$75M
$77M
$55M
$66M
PP&E (Net)
·
·
$0
$3M
$5M
$6M
$2M
$1M
$854.0K
$599.0K
PP&E (Gross)
·
·
$0
$7M
$7M
$8M
$3M
$2M
$1M
$839.0K
Accum. Depreciation
·
·
$0
$4M
$3M
$2M
$1M
$752.0K
$487.0K
$240.0K
Other Non-current Assets
$0
$10.0K
$9.0K
$683.0K
$842.0K
$115.0K
$67.0K
$50.0K
$232.0K
$40.0K
Total Assets
$778M
$608M
$342M
$71M
$110M
$162M
$83M
$78M
$56M
$67M
Accounts Payable
·
·
·
$677.0K
$3M
$2M
$3M
$663.0K
$389.0K
$168.0K
Current Liabilities
$59M
$54M
$32M
$15M
$20M
$16M
$18M
$10M
$6M
$4M
Capital Leases
·
·
$0
$4M
$5M
$5M
$5M
·
·
·
Other Non-current Liabilities
$0
·
·
$0
$16.0K
$214.0K
$31.0K
$72.0K
$111.0K
$132.0K
Total Liabilities
$63M
$91M
$73M
$21M
$26M
$22M
$23M
$10M
$6M
$4M
Common Stock
$15.0K
$13.0K
$10.0K
$6.0K
$5.0K
$5.0K
$3.0K
$2.0K
$2.0K
$1.0K
Paid-in Capital
·
·
·
·
·
·
·
$184M
$123M
$108M
Retained Earnings
$-1.13B
$-972M
$-764M
$-426M
$-342M
$-276M
$-195M
$-117M
$-73M
$-45M
AOCI
$869.0K
$180.0K
$302.0K
$-48.0K
$-20.0K
$11.0K
$51.0K
$-27.0K
$-102.0K
$-4.0K
Stockholders' Equity
$715M
$518M
$184M
$50M
$84M
$140M
$60M
$67M
$50M
$63M
Liabilities + Equity
$778M
$608M
$342M
$71M
$110M
$162M
$83M
$78M
$56M
$67M
Shares Outstanding
78,189,811
60,257,000
36,057,000
2,614,000
1,974,000
1,918,000
29,084,437
24,140,097
16,670,188
13,430,833
Cash Flow12
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
D&A
$0
$0
$744.0K
$2M
$2M
$996.0K
$418.0K
$293.0K
$249.0K
$132.0K
Stock-based Comp
$38M
$45M
$26M
$7M
$8M
$6M
$5M
$4M
$2M
$1M
Other Non-cash
$-52M
$6M
$212M
$-5M
$2M
$-2M
$7M
$8M
$-120.0K
$2M
Operating Cash Flow
$-169M
$-157M
$-100M
$-80M
$-54M
$-76M
$-66M
$-32M
$-25M
$-19M
CapEx
·
$0
$0
$38.0K
$573.0K
$4M
$1M
$422.0K
$619.0K
$212.0K
Investing Cash Flow
$-143M
$-353M
$-108M
$57M
$-23M
$-8M
$-2M
$-15M
$-23M
$-12M
Stock Issued
·
·
$85M
$0
$0
·
·
·
·
·
Net Stock Activity
·
·
$85M
·
·
·
·
·
·
·
Financing Cash Flow
$309M
$411M
$361M
$43M
$1M
$155M
$66M
$57M
$12M
$49M
Net Change in Cash
$-4M
$-100M
$153M
$19M
$-75M
$71M
$-2M
$10M
$-35M
$18M
Taxes Paid
$-15.0K
·
·
·
·
·
·
·
·
·
Free Cash Flow
·
$-157M
$-100M
$-80M
$-54M
$-80M
$-67M
$-33M
$-25M
$-19M
Profitability7
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Operating Margin
·
·
-27348.0%
-3640.2%
-350.3%
·
·
-1169.3%
·
·
Net Margin
·
·
-38238.2%
-3598.7%
-351.1%
·
·
-1140.6%
·
·
Pretax Margin
·
·
-38241.1%
-3604.6%
-350.4%
·
·
·
·
·
EBITDA Margin
·
·
-27264.0%
-3573.0%
-341.9%
·
·
-1161.8%
·
·
ROA
-22.4%
-43.8%
·
-92.6%
-48.5%
-66.1%
-97.3%
-66.3%
-44.2%
-41.0%
ROE
-26.5%
-49.2%
·
-142.2%
-70.8%
-58.6%
-111.9%
-67.7%
-48.1%
-106.5%
ROIC
-29.3%
-40.3%
·
-168.3%
-78.4%
·
·
·
·
·
Liquidity & Solvency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Current Ratio
13.3
11.3
·
4.2
4.9
9.1
4.1
7.5
9.8
16.8
Quick Ratio
1.5
1.7
·
2.4
0.8
5.5
1.0
7.3
8.9
16.0
Efficiency1
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Asset Turnover
0.0
0.0
·
0.0
0.1
0.0
0.0
0.1
·
·
Per Share5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Book Value / Share
$9.15
$8.59
·
$0.77
$1.70
$2.92
$2.07
$2.79
$3.02
$4.69
Revenue / Share
·
·
$0.13
$0.03
·
·
·
·
·
·
Cash Flow / Share
·
·
$-14.49
$-0.95
·
·
·
·
·
·
Cash / Share
$1.10
$1.48
·
$0.53
$0.31
$1.88
$0.66
$0.93
$0.77
$3.56
EPS (TTM)
$3.23
$3.23
$13.76
$-24.86
$-25.02
$-1.52
·
·
·
·
Growth Rates1
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue YoY
·
·
-62.0%
-87.6%
·
·
·
·
·
·
Valuation (TTM)10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue TTM
$0
$0
$886.0K
$2M
$19M
$0
$0
$4M
$5M
$5M
Net Income TTM
$-155M
$-208M
$-339M
$-84M
$-66M
$-81M
$-78M
$-44M
$-27M
$-22M
Market Cap
$2.56B
$1.40B
·
$735M
$5.86B
$9.44B
$5.56B
$4.52B
$2.25B
$1.46B
P/E
10.1
7.2
1.6
-0.5
-4.7
-129.4
·
·
·
·
P/S
·
·
·
315.7
312.8
·
·
1162.6
433.2
315.6
P/B
3.6
2.7
·
14.6
69.8
67.5
92.5
67.0
44.8
23.2
P / Tangible Book
3.6
2.7
4.2
14.6
69.8
67.5
·
·
·
·
P / Cash Flow
-15.1
-8.9
·
-9.2
-109.1
-124.5
-84.6
-140.4
-91.6
-77.5
P / FCF
·
-8.9
·
-9.2
-108.0
-117.9
-82.7
-138.6
-89.3
-76.7
Earnings Yield
9.9%
13.9%
63.9%
-221.0%
-21.1%
-0.77%
·
·
·
·
Income Statement14
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Revenue
·
·
·
·
·
·
$0
$0
$0
$0
$0
$688.0K
$198.0K
$174.0K
$625.0K
$1M
R&D Expense
·
·
·
·
·
·
·
·
·
·
·
·
$14M
$12M
$15M
$17M
SG&A Expense
$16M
$15M
$13M
$12M
$12M
$12M
$11M
$11M
$12M
$13M
$9M
$12M
$5M
$7M
$8M
$9M
Operating Expenses
$42M
$46M
$57M
$57M
$42M
$54M
$61M
$55M
$44M
$48M
$18M
$160M
$19M
$19M
$23M
$26M
Operating Income
$-42M
$-46M
$-57M
$-57M
$-42M
$-54M
$-61M
$-55M
$-44M
$-48M
$-18M
$-159M
$-19M
$-19M
$-22M
$-24M
Other Non-op
$-5M
$-30M
$-12M
$40M
$-656.0K
$2M
$-818.0K
$-19M
$-610.0K
$-483.0K
$2M
$-8.0K
$-72.0K
$24.0K
$5.0K
$-30.0K
Pretax Income
$-36M
$-69M
$-63M
$-11M
$-37M
$-45M
$-56M
$-69M
$-39M
$-44M
$-40M
$-217M
$-18M
$-18M
$-22M
$-24M
Income Tax
$0
$0
$0
$0
$0
$-15.0K
$1.0K
$18.0K
$0
$32.0K
$3.0K
$7.0K
$-36.0K
$-209.0K
$9.0K
$0
Net Income
$-36M
$-69M
$-63M
$-11M
$-37M
$-45M
$-56M
$-69M
$-39M
$-44M
$-40M
$-217M
$-18M
$-18M
$-22M
$-24M
EPS (Basic)
·
·
·
·
·
·
·
$1.06
$0.59
$0.72
$0.86
$40.14
$-4.89
$-4.84
$-0.27
$-0.37
EPS (Diluted)
$-0.35
$-0.74
·
$-0.15
·
·
·
$1.06
$0.59
$0.72
$0.86
$40.14
$-4.89
$-4.84
$-0.27
$-0.37
Shares (Basic)
·
·
·
·
·
·
·
50,889,433
45,316,264
36,512,662
4,293,812
3,822,605
3,770,506
3,767,918
82,209,032
65,996,161
Shares (Diluted)
·
·
·
·
·
·
·
50,889,433
45,316,264
36,512,662
4,293,812
3,822,605
3,770,506
3,767,918
82,209,032
65,996,161
EBITDA
$-42M
$-46M
·
$-57M
$-42M
$-54M
·
$-55M
$-44M
$-48M
$-18M
$-159M
$-18M
$-19M
$-22M
$-24M
Balance Sheet17
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Cash & Equivalents
$162M
$97M
$86M
$65M
$82M
$48M
$89M
$72M
$45M
$228M
$91M
$235M
$35M
$39M
$37M
$15M
Prepaid Expense
$28M
$22M
$21M
$18M
$12M
$5M
$5M
$7M
$10M
$3M
$2M
$3M
$6M
$8M
$8M
$5M
Current Assets
$1.17B
$764M
$778M
$505M
$539M
$570M
$608M
$421M
$436M
$487M
$206M
$240M
$44M
$82M
$97M
$73M
PP&E (Net)
·
·
·
·
·
·
·
·
·
·
$0
$0
$3M
$4M
$4M
$4M
Other Non-current Assets
·
·
$0
$0
$0
$10.0K
$10.0K
$10.0K
$10.0K
$10.0K
$9.0K
$10.0K
$78.0K
$749.0K
$752.0K
$800.0K
Total Assets
$1.17B
$764M
$778M
$505M
$539M
$570M
$608M
$421M
$436M
$488M
$207M
$244M
$52M
$92M
$107M
$83M
Accounts Payable
·
·
·
·
·
·
·
·
·
·
·
$3M
$2M
$4M
$2M
$3M
Current Liabilities
$63M
$85M
$59M
$46M
$83M
$71M
$54M
$58M
$22M
$43M
$45M
$232M
$13M
$18M
$16M
$16M
Capital Leases
·
·
·
·
·
·
·
·
·
·
$0
$0
$4M
$4M
$4M
$4M
Other Non-current Liabilities
$1M
$1M
·
·
·
·
·
·
·
·
·
·
·
$0
$0
$8.0K
Total Liabilities
$72M
$93M
$63M
$50M
$83M
$87M
$91M
$94M
$62M
$82M
$66M
$254M
$19M
$24M
$23M
$22M
Common Stock
$16.0K
$15.0K
$15.0K
$13.0K
$13.0K
$13.0K
$13.0K
$12.0K
$12.0K
$10.0K
$7.0K
$6.0K
$6.0K
$6.0K
$6.0K
$5.0K
Retained Earnings
$-1.23B
$-1.20B
$-1.13B
$-1.07B
$-1.05B
$-1.02B
$-972M
$-916M
$-847M
$-808M
$-701M
$-661M
$-444M
$-407M
$-389M
$-366M
AOCI
$-2M
$-767.0K
$869.0K
$791.0K
$454.0K
$682.0K
$180.0K
$1M
$-553.0K
$-363.0K
$-132.0K
$11.0K
$-6.0K
$-184.0K
$-220.0K
$-153.0K
Stockholders' Equity
$1.10B
$671M
$715M
$455M
$456M
$483M
$518M
$327M
$374M
$152M
$-245M
$-207M
$34M
$68M
$84M
$62M
Liabilities + Equity
$1.17B
$764M
$778M
$505M
$539M
$570M
$608M
$421M
$436M
$488M
$207M
$244M
$52M
$92M
$107M
$83M
Shares Outstanding
88,064,133
78,839,858
78,189,811
60,471,793
60,372,927
60,275,561
60,257,023
51,395,608
50,783,384
36,629,680
4,048,687
81,001,676
65,395,159
61,511,078
61,172,510
49,419,873
Cash Flow9
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
D&A
·
·
·
·
·
·
$0
$0
$0
$0
$0
$360.0K
$384.0K
$401.0K
$378.0K
$403.0K
Stock-based Comp
$14M
$13M
$10M
$10M
$9M
$9M
$9M
$13M
$9M
$14M
$5M
$2M
$2M
$2M
$2M
$2M
Other Non-cash
·
·
·
·
·
·
·
·
·
·
·
·
$-1M
·
·
$-4M
Operating Cash Flow
$-70M
$-57M
$-45M
$-37M
$-47M
$-41M
$-37M
$-29M
$-62M
$-29M
$-35M
$-17M
$-18M
$-15M
$-21M
$-26M
CapEx
·
·
·
·
·
·
·
·
·
·
·
·
·
$1.0K
$0
$37.0K
Investing Cash Flow
$-298M
$57M
$-247M
$25M
$79M
$-61.0K
$-171M
$43M
$-121M
$-105M
$-98M
$7M
$18M
$16M
$750.0K
$26M
Financing Cash Flow
$433M
$12M
$313M
$-5M
$731.0K
$125.0K
$226M
$13M
$360.0K
$172M
$-13M
$210M
$10.0K
$-130.0K
$43M
$12.0K
Net Change in Cash
$65M
$11M
$21M
$-17M
$33M
$-41M
$18M
$26M
$-182M
$39M
$-145M
$200M
$137.0K
$1M
$23M
$-515.0K
Free Cash Flow
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
$-26M
Profitability7
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Operating Margin
·
·
·
·
·
·
·
·
·
·
·
-23146.2%
-9498.0%
-10778.7%
-3587.7%
-1794.5%
Net Margin
·
·
·
·
·
·
·
·
·
·
·
-31552.5%
-9304.0%
-10479.3%
-3571.7%
-1794.1%
Pretax Margin
·
·
·
·
·
·
·
·
·
·
·
-31551.5%
-9322.2%
-10599.4%
-3570.2%
·
EBITDA Margin
·
·
·
·
·
·
·
·
·
·
·
-23146.2%
-9304.0%
-10778.7%
-3587.7%
-1764.9%
ROA
-4.2%
-10.3%
·
-2.4%
-7.5%
-8.5%
·
-22.0%
·
·
-26.8%
-124.0%
-27.2%
-16.5%
-17.6%
-19.8%
ROE
-4.7%
-12.0%
·
-2.9%
-8.8%
-14.1%
·
-168.4%
·
·
45.1%
352.4%
-38.7%
-21.5%
-22.0%
-26.4%
ROIC
-3.8%
-6.8%
·
-12.5%
-9.2%
-11.1%
·
-16.9%
-11.8%
-31.4%
7.5%
76.8%
-55.8%
-27.5%
-26.7%
·
Liquidity & Solvency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Current Ratio
18.5
9.0
·
10.9
6.5
8.1
·
7.3
19.7
11.4
4.6
1.0
3.5
4.7
6.1
4.5
Quick Ratio
2.6
1.1
·
1.4
1.0
0.7
·
1.2
2.0
5.3
2.0
1.0
2.8
2.2
2.4
0.9
Efficiency1
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Asset Turnover
·
·
·
·
·
·
·
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Per Share4
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Book Value / Share
$12.50
$8.51
·
$7.53
$7.55
$8.01
·
$6.37
$7.37
$4.16
$-60.61
$-2.56
$0.51
$1.10
$1.38
$1.25
Revenue / Share
·
·
·
·
·
·
·
$0.00
$0.00
$0.00
$0.00
$0.01
$0.00
$0.00
$0.01
·
Cash Flow / Share
·
·
·
·
·
·
·
·
·
$-0.78
·
·
$-0.19
·
·
·
Cash / Share
$1.84
$1.23
·
$1.07
$1.35
$0.80
·
$1.39
$0.89
$6.21
$22.38
$2.91
$0.54
$0.63
$0.61
$0.30
Valuation (TTM)7
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Revenue TTM
$0
$0
·
$0
$0
$0
·
$0
$0
$688.0K
$1M
$1M
$1M
$6M
$7M
$20M
Net Income TTM
$-179M
$-179M
·
$-149M
$-207M
$-209M
·
$-215M
$-186M
$-364M
$-294M
$-273M
$-78M
$-85M
$-88M
$-72M
Market Cap
$7.82B
$3.98B
·
$1.01B
$904M
$973M
·
$1.51B
$1.19B
$1.39B
$50M
$913M
$474M
$809M
$772M
$2.84B
P/S
·
·
·
·
·
·
·
·
·
2019.4
47.1
743.7
407.0
139.3
109.9
141.4
P/B
7.1
5.9
·
2.2
2.0
2.0
·
4.6
3.2
9.1
-0.2
-4.4
14.1
12.0
9.2
46.1
P / Tangible Book
7.1
5.9
·
2.2
2.0
2.0
·
4.6
3.2
9.1
·
·
14.1
12.0
9.2
46.1
P / Cash Flow
·
-69.3
·
·
·
-23.7
·
·
·
-48.7
·
·
-26.9
·
·
-108.2
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
$886.0K
$2M
$19M
Operating Margin %
·
·
-27348.0%
-3640.2%
-350.3%
Net Income
$-155M
$-208M
$-339M
$-84M
$-66M
Diluted EPS
·
·
$13.76
$-24.86
$-25.02
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
13.3
11.3
·
4.2
4.9
Quick Ratio
1.5
1.7
·
2.4
0.8
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
·
$-157M
$-100M
$-80M
$-54M
Institutional owners (13F)
277 filers
· $8.3B 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.
Holders277
Value held$8.3B
New positions94
Exited positions21
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
94 (+34 vs prior Q)
21 (+10 vs prior Q)
105 (+38 vs prior Q)
56 (+8 vs prior Q)
+11.3M
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
37 insiders
· 21 officers · 19 directors