CompanyGraph
At a glance
- Depends onUpstream position: supplies 6 industries, depends on 3
- ScaleMarket cap is $6.79B, above the global median of $1.15B
- PositionPrice-to-book is 65.95×, higher than 95% of its Biotechnology peers (median 4.48×)
- Interpretations2 currently firing — 2
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Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
6.79BUSDvs all stocks (USD)
Revenue (TTM)
239.92MUSDvs all stocks (USD)
Profit Margin
-85.59%vs Biotechnology peers
Beta
1.97xvs all stocks
52-Week Change
-1.97%vs all stocks
Market Capitalization
6.79BUSDvs all stocks (USD)
Enterprise Value
6.69BUSDvs all stocks (USD)
Forward P/E
-161.05xvs Biotechnology peers
Price to Sales (TTM)
28.21xvs Biotechnology peers
Price to Book (MRQ)
65.95xvs Biotechnology peers
Enterprise to Revenue
27.87xvs Biotechnology peers
Enterprise to EBITDA
-33.51xvs Biotechnology peers
Gross Margin
87.47%vs Biotechnology peers
Profit Margin
-85.59%vs Biotechnology peers
Operating Margin
-68.14%vs Biotechnology peers
Return on Assets (TTM)
-30.96%vs Biotechnology peers
Return on Equity (TTM)
-117.05%vs Biotechnology peers
Revenue (TTM)
239.92MUSDvs all stocks (USD)
Revenue per Share (TTM)
3.56USDUpdated Sep 28, 2026Quarterly Revenue Growth
46.90%vs Biotechnology peers
Gross Profit (TTM)
213.53MUSDvs all stocks (USD)
EBITDA (TTM)
-199.55MUSDvs all stocks (USD)
Net Income (TTM)
-210.22MUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
46.91%vs Biotechnology peers
Operating Cash Flow (TTM)
-105.35MUSDvs all stocks (USD)
Levered Free Cash Flow (TTM)
-130.59MUSDvs all stocks (USD)
Trailing Annual Dividend Rate
0.00USDUpdated Sep 28, 2026Trailing Annual Dividend Yield
0.00%vs all stocks
Payout Ratio
0.00%vs Biotechnology peers
Revenue
189.76MUSDFY2025 · Dec 31, 2025Cost of Goods Sold
19.49MUSDFY2025 · Dec 31, 2025Gross Profit
170.26MUSDFY2025 · Dec 31, 2025Operating Income
-192.02MUSDvs all stocks (USD)
Pre-tax Income
-196.04MUSDFY2025 · Dec 31, 2025Income Tax Expense
497.00KUSDFY2025 · Dec 31, 2025Net Income
-196.54MUSDFY2025 · Dec 31, 2025EBIT
-175.46MUSDFY2025 · Dec 31, 2025EBITDA (Income Statement)
-174.12MUSDFY2025 · Dec 31, 2025Research & Development
167.34MUSDFY2025 · Dec 31, 2025Selling, General & Administrative
194.94MUSDFY2025 · Dec 31, 2025Non-operating Interest Income
15.29MUSDFY2025 · Dec 31, 2025Non-operating Interest Expense
20.58MUSDFY2025 · Dec 31, 2025EPS (Basic)
-3.11USDFY2025 · Dec 31, 2025EPS (Diluted)
-3.11USDFY2025 · Dec 31, 2025Basic Shares Outstanding
64.98MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
64.98MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-196.54MUSDFY2025 · Dec 31, 2025Operating Cash Flow
-101.92MUSDFY2025 · Dec 31, 2025Free Cash Flow
-102.88MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
54.82MUSDFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-196.54MUSDFY2025 · Dec 31, 2025Depreciation & Amortization
1.34MUSDFY2025 · Dec 31, 2025Stock-based Compensation
66.82MUSDFY2025 · Dec 31, 2025Other Non-cash Items
21.10MUSDFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-7.57MUSDFY2025 · Dec 31, 2025Change in Accounts Payable (CF)
21.89MUSDFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-8.96MUSDFY2025 · Dec 31, 2025Capital Expenditures
-953.00KUSDFY2025 · Dec 31, 2025Purchase of Investments
-348.67MUSDFY2025 · Dec 31, 2025Sale of Investments
252.47MUSDFY2025 · Dec 31, 2025Other Investing Activity
-40.00MUSDFY2025 · Dec 31, 2025Net Investing Cash Flow
-137.15MUSDFY2025 · Dec 31, 2025Other Financing Charges
-19.92MUSDFY2025 · Dec 31, 2025Net Financing Cash Flow
202.78MUSDFY2025 · Dec 31, 2025Shares Outstanding
68.82MSharesUpdated Sep 28, 2026Float Shares
56.04MSharesUpdated Sep 28, 2026Shares Short
10.29MSharesUpdated Sep 28, 2026Short Ratio
20.61daysvs all stocks
Short % of Shares Outstanding
15.06%vs all stocks
% Held by Insiders
0.70%vs all stocks
% Held by Institutions
114.86%vs all stocks
Total Cash (MRQ)
330.90MUSDvs all stocks (USD)
Total Cash per Share (MRQ)
4.81USDUpdated Sep 28, 2026Total Debt (MRQ)
109.78MUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
0.5052xvs Biotechnology peers
Current Ratio (MRQ)
3.45xvs Biotechnology peers
Book Value per Share (MRQ)
1.50USDUpdated Sep 28, 2026Total Assets
480.20MUSDvs all stocks (USD)
Total Current Assets
466.92MUSDFY2025 · Dec 31, 2025Total Liabilities
210.17MUSDFY2025 · Dec 31, 2025Total Non-current Assets
13.28MUSDFY2025 · Dec 31, 2025Total Non-current Liabilities
104.23MUSDFY2025 · Dec 31, 2025Total Current Liabilities
105.94MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents
54.30MUSDFY2025 · Dec 31, 2025Other Short-term Investments
334.65MUSDFY2025 · Dec 31, 2025Accounts Receivable
26.08MUSDFY2025 · Dec 31, 2025Inventory
25.75MUSDFY2025 · Dec 31, 2025Accounts Payable
13.95MUSDFY2025 · Dec 31, 2025Short-term Debt
650.00KUSDFY2025 · Dec 31, 2025Deferred Revenue
7.49MUSDFY2025 · Dec 31, 2025Other Current Liabilities
4.08MUSDFY2025 · Dec 31, 2025Long-term Debt
3.34MUSDFY2025 · Dec 31, 2025Common Stock (Book)
67.00KUSDFY2025 · Dec 31, 2025Retained Earnings
-1.35BUSDFY2025 · Dec 31, 2025Total Shareholders' Equity
270.03MUSDvs all stocks (USD)
52-Week Low
74.50USDUpdated Sep 28, 202652-Week High
122.20USDUpdated Sep 28, 202652-Week Change
-1.97%vs all stocks
Beta
1.97xvs all stocks
50-Day MA
106.53USDUpdated Sep 28, 2026200-Day MA
99.29USDUpdated Sep 28, 2026Avg 10-Day Volume
777.29KSharesUpdated Sep 28, 2026Avg 30-Day Volume
562.68KSharesUpdated Sep 28, 2026Diluted EPS (TTM)
-3.12USDUpdated Sep 28, 2026Other Income / Expense
1.26MUSDFY2025 · Dec 31, 20252 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Revenue Growing With Receivables Growing
Revenue has risen three years, and what customers owe has risen with it.
Reads
Is this company growing?
Diagnostic
High R&D Share With Multi-Year Share-Count Growth and Elevated SBC
Heavy R&D and stock pay, with the share count growing across six years.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Price-to-book is 65.95×, higher than 95% of its Biotechnology peers (median 4.48×)Significant
Price-to-book: 65.95Industry median: 4.48Industry P95: 30.02Peers compared: 184
Structural Tensions
High gross margins eroded by operating costsNotable
Gross Margin: 0.87Profit Margin: -0.86
Financial Health
High structural barrier to entryNotable
Barrier to Entry: 13.14
Consistent revenue growth patternNotable
Growth Consistency Score: 0.65
Supply Chain
Upstream position: supplies 6 industries, depends on 3Notable
Outgoing: 6.00Incoming: 3.00
Scale
Market cap is $6.79B, above the global median of $1.15BNotable
Market cap (USD): 6,792,946,410Global Median: 1,150,342,212.262
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