Valuation Ratios

Breakdown 2024-12-31 2023-12-31
Price to Earnings -13.73 -8.32
Price to Sales
Book Value Per Common Share
Price to Book
Price to Operating Cash Flow -14.61 -9.35
Price to Free Cash Flow
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30
Price to Earnings -12.45 -20.88 -39.33 -27.84 -31.73 -103.83 -7.01
Price to Sales
Book Value Per Common Share
Price to Book
Price to Operating Cash Flow -14.10 -22.92 -44.85 -30.95 -34.45 -105.43 -8.14
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31
Cash Per Common Share 30.79 69.00
Quick Ratio
Current Ratio 18.55 19.38
Debt to Equity 0.05 0.06
Long-Term Debt to Equity 0.01 0.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30
Cash Per Common Share 25.47 25.71 28.57 29.27 32.95 30.76 29.44 35.69 98.09 25.01
Quick Ratio
Current Ratio 15.86 16.36 15.82 18.55 16.39 27.70 38.08 19.38 24.82 7.42
Debt to Equity 0.07 0.06 0.06 0.05 0.06 0.03 0.03 0.06 0.04 0.16
Long-Term Debt to Equity 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00

Profitability

Breakdown 2024-12-31 2023-12-31
ROA -24.16 -20.92
ROE -25.41 -22.11
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30
ROA -29.78 -18.46 -7.75 -14.80 -8.23 -3.90 -12.25 -24.04
ROE -31.80 -19.61 -8.22 -15.65 -8.52 -4.00 -12.77 -27.78
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

Breakdown 2024-12-31 2023-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31
Assets 753,951.00 401,404.00
   Current Assets 529,713.00 398,409.00
      Cash and Short-Term Investments 1,699,213.00 1,725,341.00
            Cash and Cash Equivalents 141,789.00 118,316.00
            Short-Term Investments 1,557,424.00 1,607,025.00
      Net Receivables 0 0
      Inventory 0 0
      Other Current Assets -1,169,500.00 -1,326,932.00
   Non-Current Assets 224,238.00 2,995.00
      Property, Plant, Equipment Net 13,324.00 2,994.00
      Goodwill 0 0
      Intangible Assets 0 0
      Long-Term Investments 210,416.00 0
      Non-Current Deferred Assets 0 0
      Other Non-Current Assets 498.00 1.00
Liabilities 37,157.00 21,491.00
   Current Liabilities 28,560.00 20,558.00
      Payables and Expenses 25,326.00 19,457.00
            Account Payables 1,071.00 2,143.00
            Current Accrued Liabilities 24,255.00 17,314.00
      Short-Term Debt 3,234.00 1,101.00
      Other Current Liabilities 0.00 0.00
   Non-Current Liabilities 8,597.00 933.00
      Long-Term Debt 8,597.00 933.00
      Other Non-Current Liabilities 0.00 0.00
Equity 716,794.00 379,913.00
   Shareholders Equity 0 0
      Capital Stock 1.00 0
      Share Premium 1,021,794.00 503,354.00
      Retained Earnings -305,916.00 -123,770.00
      Treasury Shares 0 0
      Accumulated Other Comprehensive Income 915.00 329.00
   Minority Interest 0 0
Investments 1,767,840.00 1,607,025.00
Debt 11,831.00 2,034.00
Common Shares Outstanding 58,062.90 48,338.77
Breakdown 2024-12-31 2023-12-31
Operating Expenses 216,870.00 93,003.00
   Selling, General and Administrative Expenses 67,695.00 24,612.00
   Research and Development Expenses 345,691.00 167,509.00
   Other Operating Expenses -196,516.00 -99,118.00
Operating Income -216,870.00 -93,003.00
Net Non-Operating Income 34,742.00 0
Interest Expense 0.00 0.00
Net Interest 34,742.00 9,018.00
EBT -182,128.00 0
Income Tax 18.00 0.00
Net Income -182,146.00 -83,985.00
EBIT -182,128.00 0
Deprecation and Amortization 189.00 0.00
EBITDA -181,939.00 0
EPS -0.00 -0.00
Diluted EPS -0.00 -0.00
Average Shares Outstanding Basic 55,193.97 25,005.77
Average Shares Outstanding Diluted 55,193.97 25,005.77
Breakdown 2024-12-31 2023-12-31
Operating Cash Flow -171,174.00 -74,761.00
   Operating Net Income -182,146.00 -83,985.00
   Deprecation and Amortization 189.00 0
   Deferred Income Tax 0 0
   Share Based Compensation 23,332.00 6,103.00
   Change in Working Capital 10,352.00 11,889.00
   Other Operating Activities -22,901.00 -8,768.00
Investing Cash Flow -300,462.00 -273,910.00
   Capital Expenditure 0.00 0.00
   Net Purchase/Sale of PPE 1,152.00 167.00
   Net Purchase/Sale of Investments Net 999,590.00 333,743.00
   Net Purchase/Sale of Business 0 0
   Other Investing Activities -1,301,204.00 -607,820.00
Financing Cash Flow 495,109.00 315,391.00
   Net Issuance/Repayment of Debt 0 0
   Net Issuance/Repurchase of Equity 449,955.00 315,391.00
   Dividends Paid 0 0
   Other Financing Activities 45,154.00 0.00
Net Change in Cash 23,473.00 -33,280.00
   Cash at Beginning of Period 118,610.00 151,890.00
   Cash at End of Period 142,083.00 118,610.00
Free Cash Flow 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30
Assets 626,159.00 657,772.00 714,162.00 753,951.00 776,286.00 800,657.00 823,659.00 401,404.00 426,421.00 130,667.00
   Current Assets 540,097.00 516,122.00 521,531.00 529,713.00 534,483.00 681,853.00 820,608.00 398,409.00 426,421.00 130,667.00
      Cash and Short-Term Investments 1,489,319.00 1,499,414.00 1,662,367.00 1,699,213.00 1,796,079.00 1,640,876.00 1,477,674.00 1,725,341.00 1,688,132.00 125,069.00
            Cash and Cash Equivalents 107,914.00 124,192.00 106,916.00 141,789.00 118,780.00 307,299.00 485,457.00 118,316.00 188,269.00 125,069.00
            Short-Term Investments 1,381,405.00 1,375,222.00 1,555,451.00 1,557,424.00 1,677,299.00 1,333,577.00 992,217.00 1,607,025.00 1,499,863.00 0
      Net Receivables 0 0 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0
      Other Current Assets -949,222.00 -983,292.00 -1,140,836.00 -1,169,500.00 -1,261,596.00 -959,023.00 -657,066.00 -1,326,932.00 -1,261,711.00 5,598.00
   Non-Current Assets 86,062.00 141,650.00 192,631.00 224,238.00 241,803.00 118,804.00 3,051.00 2,995.00 0.00 0.00
      Property, Plant, Equipment Net 15,678.00 17,024.00 17,186.00 13,324.00 13,543.00 5,641.00 3,350.00 2,994.00 0 0
      Goodwill 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 61,640.00 115,769.00 168,106.00 210,416.00 227,746.00 113,395.00 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 8,744.00 8,857.00 7,339.00 498.00 514.00 -232.00 -299.00 1.00 0 0
Liabilities 39,821.00 38,371.00 40,800.00 37,157.00 41,884.00 27,018.00 22,181.00 21,491.00 17,178.00 17,615.00
   Current Liabilities 34,047.00 31,551.00 32,960.00 28,560.00 32,611.00 24,617.00 21,551.00 20,558.00 17,178.00 17,615.00
      Payables and Expenses 29,968.00 27,526.00 28,984.00 25,326.00 29,744.00 22,935.00 20,410.00 19,457.00 17,178.00 17,615.00
            Account Payables 376.00 5,678.00 2,445.00 1,071.00 2,216.00 5,527.00 4,302.00 2,143.00 1,208.00 11,148.00
            Current Accrued Liabilities 29,592.00 21,848.00 26,539.00 24,255.00 27,528.00 17,408.00 16,108.00 17,314.00 15,970.00 6,467.00
      Short-Term Debt 4,079.00 4,025.00 3,976.00 3,234.00 2,867.00 1,682.00 1,141.00 1,101.00 0 0
      Other Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 5,774.00 6,820.00 7,840.00 8,597.00 9,273.00 2,401.00 630.00 933.00 0.00 0.00
      Long-Term Debt 5,774.00 6,820.00 7,840.00 8,597.00 9,273.00 2,401.00 630.00 933.00 0 0
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0
Equity 586,338.00 619,401.00 673,362.00 716,794.00 734,402.00 773,639.00 801,478.00 379,913.00 409,243.00 113,052.00
   Shareholders Equity 0 0 0 0 0 0 0 0 0 0
      Capital Stock 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0 0 0
      Share Premium 1,077,681.00 1,046,066.00 1,033,542.00 1,021,794.00 969,829.00 963,607.00 957,518.00 503,354.00 501,143.00 0
      Retained Earnings -492,372.00 -427,351.00 -361,255.00 -305,916.00 -238,698.00 -189,680.00 -155,864.00 -123,770.00 -92,035.00 -71,195.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 1,028.00 685.00 1,074.00 915.00 3,270.00 -289.00 -177.00 329.00 135.00 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0
Investments 1,443,045.00 1,490,991.00 1,723,557.00 1,767,840.00 1,905,045.00 1,446,972.00 992,217.00 1,607,025.00 1,499,863.00 0
Debt 9,853.00 10,845.00 11,816.00 11,831.00 12,140.00 4,083.00 1,771.00 2,034.00 0 0
Common Shares Outstanding 59,315.74 58,560.53 58,304.80 58,062.90 56,899.29 56,676.46 56,367.80 48,338.77 48,017.62 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
Operating Expenses 207,539.00 136,261.00 63,096.00 -44,603.00 140,989.00 82,303.00 38,181.00 55,848.00 31,543.00
   Selling, General and Administrative Expenses 65,619.00 44,212.00 21,814.00 4,496.00 33,353.00 20,381.00 9,465.00 16,431.00 9,175.00
   Research and Development Expenses 252,927.00 164,427.00 69,147.00 49,357.00 157,761.00 92,500.00 46,073.00 112,453.00 75,712.00
   Other Operating Expenses -111,007.00 -72,378.00 -27,865.00 -98,456.00 -50,125.00 -30,578.00 -17,357.00 -73,036.00 -53,344.00
Operating Income -207,539.00 -136,261.00 -63,096.00 44,603.00 -140,989.00 -82,303.00 -38,181.00 -55,848.00 -31,543.00
Net Non-Operating Income 21,299.00 14,981.00 7,840.00 34,742.00 0 0 0 0 0
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Interest 21,299.00 14,981.00 7,840.00 -13,799.00 26,061.00 16,393.00 6,087.00 3,598.00 133.00
EBT -186,240.00 -121,280.00 -55,256.00 -182,128.00 0 0 0 0 0
Income Tax 216.00 155.00 83.00 18.00 0.00 0.00 0.00 0.00 0.00
Net Income -186,456.00 -121,435.00 -55,339.00 30,786.00 -114,928.00 -65,910.00 -32,094.00 -52,250.00 -31,410.00
EBIT -186,240.00 -121,280.00 -55,256.00 -182,128.00 0 0 0 0 0
Deprecation and Amortization 1,012.00 606.00 207.00 -18.00 113.00 65.00 29.00 0.00 0.00
EBITDA -185,228.00 -120,674.00 -55,049.00 -181,939.00 0 0 0 0 0
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 -0.01
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 -0.01
Average Shares Outstanding Basic 58,467.90 58,312.45 58,195.27 62,725.17 54,508.50 53,352.41 50,189.81 17,209.84 5,000.00
Average Shares Outstanding Diluted 58,467.90 58,312.45 58,195.27 62,725.17 54,508.50 53,352.41 50,189.81 17,209.84 5,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
Operating Cash Flow -164,761.00 -110,506.00 -48,477.00 24,858.00 -103,460.00 -60,936.00 -31,636.00 -45,007.00 -25,127.00
   Operating Net Income -186,456.00 -121,435.00 -55,339.00 30,786.00 -114,928.00 -65,910.00 -32,094.00 -52,250.00 -31,410.00
   Deprecation and Amortization 1,012.00 606.00 207.00 -18.00 113.00 65.00 29.00 0 0
   Deferred Income Tax 0 0 0 0 0 0 0 0 0
   Share Based Compensation 34,347.00 22,470.00 11,126.00 -6,461.00 15,723.00 9,884.00 4,186.00 3,892.00 2,387.00
   Change in Working Capital 13,953.00 10,216.00 8,943.00 -12,120.00 15,148.00 5,713.00 1,611.00 10,387.00 7,824.00
   Other Operating Activities -27,617.00 -22,363.00 -13,414.00 12,671.00 -19,516.00 -10,688.00 -5,368.00 -7,036.00 -3,928.00
Investing Cash Flow 109,052.00 91,107.00 12,982.00 298,561.00 -346,829.00 -200,451.00 -51,743.00 -234,218.00 0
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 5,085.00 5,085.00 4,317.00 -754.00 1,153.00 402.00 351.00 0 0
   Net Purchase/Sale of Investments Net 620,561.00 387,352.00 213,701.00 -538,527.00 832,056.00 505,669.00 200,392.00 234,218.00 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0
   Other Investing Activities -516,594.00 -301,330.00 -205,036.00 837,842.00 -1,180,038.00 -706,522.00 -252,486.00 -468,436.00 0
Financing Cash Flow 21,540.00 1,802.00 622.00 -856,534.00 450,753.00 450,370.00 450,520.00 315,604.00 -1,694.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 622.00 -900,475.00 449,955.00 449,955.00 450,520.00 315,604.00 0
   Dividends Paid 0 0 0 0 0 0 0 0 0
   Other Financing Activities 21,540.00 1,802.00 0.00 43,941.00 798.00 415.00 0.00 0.00 -1,694.00
Net Change in Cash -34,169.00 -17,597.00 -34,873.00 -533,115.00 464.00 188,983.00 367,141.00 36,379.00 -26,821.00
   Cash at Beginning of Period 142,083.00 142,083.00 142,083.00 675,198.00 118,610.00 118,610.00 118,610.00 151,921.00 151,890.00
   Cash at End of Period 107,914.00 124,486.00 107,210.00 142,083.00 119,074.00 307,593.00 485,751.00 188,300.00 125,069.00
Free Cash Flow 0 0 0 0 0 0 0 0 0