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Electrical equipment & parts · Industrials · Fiscal year ends Dec 31
Net income was −$435M. Operating cash flow of −$242M less capital expenditure of $36M left free cash flow of −$279M.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Research & development | 151 | 297 | 348 | 383 | 376 |
| Operating income | −215 | −421 | −479 | −525 | −473 |
| Interest expense | 1.4 | 2.4 | 2.4 | 2.2 | 2.0 |
| Pre-tax income | – | – | −445 | −478 | −434 |
| Income tax | 0.0 | 0.0 | 0.0 | −0.3 | 1.5 |
| Net income | −46.0 | −412 | −445 | −478 | −435 |
| Diluted EPS | −0.52 | −0.95 | −0.96 | −0.94 | −0.76 |
| Diluted shares | 410 | 433 | 462 | 508 | 576 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 321 | 235 | 143 | 141 | 231 |
| Current assets | 1,463 | 1,072 | 1,084 | 922 | 982 |
| Net PP&E | 166 | 296 | 313 | 300 | 251 |
| Total assets | 1,716 | 1,475 | 1,502 | 1,322 | 1,308 |
| Payables | 14.2 | 21.4 | 13.0 | 6.5 | 11.8 |
| Current liabilities | 30.6 | 46.8 | 57.1 | 64.9 | 61.5 |
| Total liabilities | 107 | 156 | 162 | 165 | 139 |
| Shareholders' equity | 1,607 | 1,318 | 1,338 | 1,158 | 1,169 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −128 | −218 | −240 | −275 | −242 |
| Capital expenditure | 127 | 159 | 84.6 | 62.2 | 36.3 |
| Free cash flow | −255 | −377 | −325 | −337 | −279 |
| Depreciation & amortisation | 11.2 | 28.3 | 42.0 | 57.8 | 65.6 |
| Stock-based compensation | 52.2 | 127 | 166 | 145 | 127 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Return on equityBlank when equity is negative | −2.9% | −31.3% | −33.3% | −41.3% | −37.2% |
| ROCEEBIT ÷ (assets − current liabilities) | −12.8% | −29.4% | −33.2% | −41.8% | −37.9% |
| Cash conversion (CFO ÷ net income) | 2.78x | 0.53x | 0.54x | 0.57x | 0.56x |
| Interest cover | −152x | −175x | −202x | −236x | −232x |
| Current ratio | 47.8x | 22.9x | 19.0x | 14.2x | 15.9x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.