Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -5.52 -7.24 -5.97 -201.73
Price to Sales
Book Value Per Common Share 2.28 2.90 3.04 3.97
Price to Book 2.28 2.40 1.86 5.58
Price to Operating Cash Flow -9.60 -13.38 -11.26 -70.13
Price to Free Cash Flow -7.83 -9.90 -6.51 -35.17
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2021-09-30
Price to Earnings -68.44 -33.60 -19.81 -25.00 -26.21 -34.08 613.50
Price to Sales
Book Value Per Common Share 2.07 1.82 2.02 2.17 2.54 2.86 3.96
Price to Book 5.97 3.68 2.06 2.65 2.48 2.86 6.20
Price to Operating Cash Flow -37.51 -31.54 -53.85 -57.77
Price to Free Cash Flow -34.24 -26.40 -43.32 -39.84
Enterprise Value to EBITDA 6192400.10

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2021-09-30
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.79 2.32 2.45 3.58
Quick Ratio
Current Ratio 14.21 18.98 22.91 47.81
Debt to Equity 0.14 0.12 0.12 0.07
Long-Term Debt to Equity 0.09 0.08 0.08 0.05
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2021-09-30
Cash Per Common Share 1.70 1.42 1.57 1.65 2.04 2.23 3.69
Quick Ratio
Current Ratio 21.14 16.40 16.66 14.07 10.38 22.85 42.79
Debt to Equity 0.10 0.14 0.14 0.15 0.16 0.12 0.06
Long-Term Debt to Equity 0.07 0.09 0.09 0.09 0.08 0.09 0.04

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -36.14 -29.64 -27.92 -2.68
ROE -41.27 -33.22 -31.22 -2.86
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2021-09-30
ROA -7.88 -9.82 -9.09 -9.40 -8.24 -7.42 0.87
ROE -8.70 -11.19 -10.32 -10.77 -9.58 -8.31 0.93
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2021-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 1,322,395.00 1,501,978.00 1,475,406.00 1,715,648.00 1,066,769.00
   Current Assets 922,286.00 1,083,517.00 1,072,324.00 1,463,432.00 1,009,168.00
      Cash and Short-Term Investments 910,767.00 1,070,808.00 1,061,733.00 1,447,675.00 997,552.00
            Cash and Cash Equivalents 140,866.00 142,524.00 235,393.00 320,700.00 113,216.00
            Short-Term Investments 769,901.00 928,284.00 826,340.00 1,126,975.00 884,336.00
      Net Receivables 0 0 0 0 0
      Inventory 0 0 0 0 0
      Other Current Assets 11,519.00 12,709.00 10,591.00 15,757.00 11,616.00
   Non-Current Assets 400,109.00 418,461.00 403,082.00 252,216.00 57,601.00
      Property, Plant, Equipment Net 351,464.00 369,027.00 356,716.00 203,096.00 55,408.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 48,645.00 49,434.00 46,366.00 49,120.00 2,193.00
Liabilities 164,548.00 161,801.00 155,862.00 107,060.00 23,594.00
   Current Liabilities 64,884.00 57,095.00 46,809.00 30,607.00 12,350.00
      Payables and Expenses 56,125.00 49,182.00 41,958.00 29,379.00 10,475.00
            Account Payables 6,466.00 12,959.00 21,420.00 14,182.00 5,383.00
            Current Accrued Liabilities 49,659.00 36,223.00 20,538.00 15,197.00 5,092.00
      Short-Term Debt 8,759.00 7,913.00 4,851.00 1,228.00 1,220.00
      Other Current Liabilities 0.00 0.00 0.00 0.00 655.00
   Non-Current Liabilities 99,664.00 104,706.00 109,053.00 76,453.00 11,244.00
      Long-Term Debt 84,778.00 92,720.00 100,565.00 76,138.00 11,244.00
      Other Non-Current Liabilities 14,886.00 11,986.00 8,488.00 315.00 0.00
Equity 1,157,847.00 1,340,177.00 1,319,544.00 1,608,588.00 1,043,175.00
   Shareholders Equity 1,157,847.00 1,338,407.00 1,317,840.00 1,606,895.00 1,041,471.00
      Capital Stock 54.00 49.00 44.00 43.00 36.00
      Share Premium 4,515,879.00 4,221,892.00 3,771,181.00 3,634,665.00 2,437,242.00
      Retained Earnings -3,358,514.00 -2,880,657.00 -2,435,512.00 -2,023,605.00 -1,395,776.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 428.00 -2,877.00 -17,873.00 -4,208.00 -31.00
   Minority Interest 0 0 0 0 0
Investments 769,901.00 928,284.00 826,340.00 1,126,975.00 884,336.00
Debt 93,537.00 100,633.00 105,416.00 77,366.00 12,464.00
Common Shares Outstanding 0 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Expenses 525,207.00 479,030.00 420,618.00 215,266.00 81,021.00
   Selling, General and Administrative Expenses 142,236.00 131,085.00 123,183.00 63,770.00 15,918.00
   Research and Development Expenses 382,971.00 347,945.00 297,435.00 151,496.00 65,103.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00
Operating Income -525,207.00 -479,030.00 -420,618.00 -215,266.00 -81,021.00
Net Non-Operating Income 47,265.00 33,951.00 0 0 0
Interest Income 48,248.00 38,865.00 13,304.00 3,302.00 21,858.00
Interest Expense 2,224.00 2,377.00 2,399.00 1,419.00 20,765.00
Net Interest 46,024.00 36,488.00 10,905.00 1,883.00 1,093.00
EBT -477,942.00 -445,079.00 0 0 0
Income Tax 0.00 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -477,942.00 -445,079.00 -411,896.00 -45,977.00 -1,099,920.00
Net Income Non-Controlling Interests 85.00 -66.00 -11.00 11.00 6.00
Net Income -477,857.00 -445,145.00 -411,907.00 -45,966.00 -1,099,914.00
EBIT -475,718.00 -442,702.00 0 0 0
Deprecation and Amortization 28,468.00 23,050.00 32,269.00 23,052.00 8,707.00
EBITDA -447,250.00 -419,652.00 0 0 0
EPS -0.00 -0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 508,102.00 462,239.00 432,973.00 404,259.00 0
Average Shares Outstanding Diluted 508,102.00 462,239.00 432,973.00 409,509.00 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -274,555.00 -240,025.00 -218,024.00 -127,909.00 -61,263.00
   Operating Net Income -477,942.00 -445,079.00 -411,896.00 -45,977.00 -1,099,920.00
   Deprecation and Amortization 28,468.00 23,050.00 32,269.00 23,052.00 8,707.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 144,653.00 166,297.00 127,110.00 52,175.00 17,024.00
   Change in Working Capital 8,800.00 -14,081.00 12,115.00 7,124.00 -7,201.00
   Other Operating Activities 21,466.00 29,788.00 22,378.00 -164,283.00 1,020,127.00
Investing Cash Flow 128,869.00 -152,532.00 124,119.00 -385,834.00 -802,648.00
   Capital Expenditure -62,131.00 -84,510.00 -158,845.00 -127,178.00 -24,093.00
   Net Purchase/Sale of PPE -62,131.00 -84,510.00 -158,845.00 -127,178.00 -24,093.00
   Net Purchase/Sale of Investments Net 189,755.00 -69,499.00 267,859.00 -482,714.00 -778,555.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 63,376.00 85,987.00 173,950.00 351,236.00 24,093.00
Financing Cash Flow 144,028.00 300,213.00 8,598.00 736,557.00 953,724.00
   Net Issuance/Repayment of Debt 2,907.00 1,973.00 809.00 73.00 0
   Net Issuance/Repurchase of Equity 128,529.00 288,164.00 0 614,357.00 276,861.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 12,592.00 10,076.00 7,789.00 122,127.00 676,863.00
Net Change in Cash -1,658.00 -92,344.00 -85,307.00 222,814.00 89,813.00
   Cash at Beginning of Period 160,572.00 252,916.00 338,223.00 115,409.00 25,596.00
   Cash at End of Period 158,914.00 160,572.00 252,916.00 338,223.00 115,409.00
Free Cash Flow -336,686.00 -324,535.00 -376,869.00 -255,087.00 -85,356.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-09-30 2021-03-31 2020-12-31
Assets 1,343,232.00 1,168,388.00 1,258,892.00 1,322,395.00 1,271,977.00 1,463,978.00 1,501,978.00 1,411,174.00 1,475,406.00 1,669,004.00 1,715,648.00 1,759,286.00 1,616,337.00 1,066,769.00
   Current Assets 1,015,531.00 806,239.00 871,482.00 922,286.00 853,714.00 1,045,035.00 1,083,517.00 994,625.00 1,072,324.00 1,362,242.00 1,463,432.00 1,552,339.00 1,541,944.00 1,009,168.00
      Cash and Short-Term Investments 1,003,733.00 797,493.00 860,309.00 910,767.00 841,014.00 1,009,635.00 1,070,808.00 983,149.00 1,061,733.00 1,348,453.00 1,447,675.00 1,543,728.00 1,533,442.00 997,552.00
            Cash and Cash Equivalents 225,826.00 172,451.00 153,555.00 140,866.00 174,705.00 192,321.00 142,524.00 241,210.00 235,393.00 283,013.00 320,700.00 346,156.00 762,341.00 113,216.00
            Short-Term Investments 777,907.00 625,042.00 706,754.00 769,901.00 666,309.00 817,314.00 928,284.00 741,939.00 826,340.00 1,065,440.00 1,126,975.00 1,197,572.00 771,101.00 884,336.00
      Net Receivables 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 11,798.00 8,746.00 11,173.00 11,519.00 12,700.00 35,400.00 12,709.00 11,476.00 10,591.00 13,789.00 15,757.00 8,611.00 8,502.00 11,616.00
   Non-Current Assets 327,701.00 362,149.00 387,410.00 400,109.00 418,263.00 418,943.00 418,461.00 416,549.00 403,082.00 306,762.00 252,216.00 206,947.00 74,393.00 57,601.00
      Property, Plant, Equipment Net 285,457.00 315,186.00 339,609.00 351,464.00 393,183.00 370,240.00 369,027.00 370,924.00 356,716.00 258,473.00 203,096.00 158,588.00 71,564.00 55,408.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 42,244.00 46,963.00 47,801.00 48,645.00 25,080.00 48,703.00 49,434.00 45,625.00 46,366.00 48,289.00 49,120.00 48,359.00 2,829.00 2,193.00
Liabilities 127,484.00 143,592.00 150,294.00 164,548.00 161,352.00 204,316.00 161,801.00 152,465.00 155,862.00 132,617.00 107,060.00 102,504.00 320,737.00 23,594.00
   Current Liabilities 48,042.00 49,172.00 52,306.00 64,884.00 60,693.00 100,673.00 57,095.00 43,523.00 46,809.00 28,049.00 30,607.00 36,282.00 21,354.00 12,350.00
      Payables and Expenses 39,991.00 39,905.00 43,294.00 56,125.00 29,309.00 92,577.00 49,182.00 36,859.00 41,958.00 26,776.00 29,379.00 34,377.00 19,386.00 10,475.00
            Account Payables 6,446.00 6,479.00 7,786.00 6,466.00 9,635.00 11,508.00 12,959.00 17,195.00 21,420.00 10,123.00 14,182.00 22,403.00 9,871.00 5,383.00
            Current Accrued Liabilities 33,545.00 33,426.00 35,508.00 49,659.00 19,674.00 81,069.00 36,223.00 19,664.00 20,538.00 16,653.00 15,197.00 11,974.00 9,515.00 5,092.00
      Short-Term Debt 8,051.00 9,267.00 9,012.00 8,759.00 8,536.00 8,096.00 7,913.00 6,664.00 4,851.00 1,273.00 1,228.00 1,704.00 1,465.00 1,220.00
      Other Current Liabilities 0.00 0.00 0.00 0.00 22,848.00 0.00 0.00 0.00 0.00 0.00 0.00 201.00 503.00 655.00
   Non-Current Liabilities 79,442.00 94,420.00 97,988.00 99,664.00 100,659.00 103,643.00 104,706.00 108,942.00 109,053.00 104,568.00 76,453.00 66,222.00 299,383.00 11,244.00
      Long-Term Debt 64,944.00 80,096.00 82,469.00 84,778.00 87,084.00 90,570.00 92,720.00 98,781.00 100,565.00 98,800.00 76,138.00 66,222.00 11,344.00 11,244.00
      Other Non-Current Liabilities 14,498.00 14,324.00 15,519.00 14,886.00 13,575.00 13,073.00 11,986.00 10,161.00 8,488.00 5,768.00 315.00 0.00 288,039.00 0.00
Equity 1,215,748.00 1,024,796.00 1,108,598.00 1,157,847.00 1,110,625.00 1,259,662.00 1,340,177.00 1,258,709.00 1,319,544.00 1,536,387.00 1,608,588.00 1,656,782.00 1,295,600.00 1,043,175.00
   Shareholders Equity 1,215,748.00 1,024,796.00 1,108,598.00 1,157,847.00 1,110,625.00 1,257,872.00 1,338,407.00 1,256,989.00 1,317,840.00 1,534,695.00 1,606,895.00 1,655,088.00 1,293,906.00 1,041,471.00
      Capital Stock 60.00 56.00 56.00 54.00 51.00 50.00 49.00 44.00 44.00 43.00 43.00 42.00 39.00 36.00
      Share Premium 4,908,604.00 4,612,488.00 4,581,379.00 4,515,879.00 4,353,487.00 4,260,514.00 4,221,892.00 3,809,459.00 3,771,181.00 3,664,433.00 3,634,665.00 3,612,054.00 3,346,442.00 2,437,242.00
      Retained Earnings -3,693,459.00 -3,587,635.00 -3,472,937.00 -3,358,514.00 -3,243,852.00 -3,001,305.00 -2,880,657.00 -2,540,159.00 -2,435,512.00 -2,113,957.00 -2,023,605.00 -1,956,379.00 -2,052,718.00 -1,395,776.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 543.00 -113.00 100.00 428.00 939.00 -1,387.00 -2,877.00 -12,355.00 -17,873.00 -15,824.00 -4,208.00 -629.00 143.00 -31.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 777,907.00 625,042.00 706,754.00 769,901.00 0 817,314.00 928,284.00 741,939.00 826,340.00 1,065,440.00 1,126,975.00 1,197,572.00 771,101.00 884,336.00
Debt 72,995.00 89,363.00 91,481.00 93,537.00 95,620.00 98,666.00 100,633.00 105,445.00 105,416.00 100,073.00 77,366.00 67,926.00 12,809.00 12,464.00
Common Shares Outstanding 0 0 0 0 512,209.63 0 0 0 0 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-09-30 2021-03-31
Interest Income 10,500.00 9,456.00 10,297.00 11,347.00 12,637.00 6,877.00 1,416.00 964.00 0
Interest Expense 503.00 516.00 528.00 550.00 572.00 600.00 600.00 359.00 0.00
Net Interest 9,997.00 8,940.00 9,769.00 0 12,065.00 6,277.00 816.00 605.00 247.00
Non-Interest Expense 0 0 0 33,164.00 0 0 0 0 0
Operating Expenses 114,993.00 123,586.00 123,575.00 130,158.00 131,901.00 109,978.00 90,657.00 53,832.00 44,675.00
   Selling, General and Administrative Expenses 22,919.00 22,409.00 27,986.00 33,164.00 48,054.00 33,037.00 29,312.00 14,365.00 15,210.00
   Research and Development Expenses 92,074.00 101,177.00 95,589.00 96,994.00 83,847.00 76,941.00 61,345.00 39,467.00 29,465.00
   Other Operating Expenses 0.00 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00
Operating Income -114,993.00 -123,586.00 -123,575.00 -130,158.00 -131,901.00 -109,978.00 -90,657.00 -53,832.00 -44,675.00
Net Non-Operating Income 9,169.00 8,888.00 9,152.00 -338.00 11,273.00 5,347.00 304.00 69,183.00 0
EBT -105,824.00 -114,698.00 -114,423.00 -119,699.00 -120,628.00 -104,631.00 -90,353.00 15,351.00 0
Income Tax 0.00 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -105,824.00 -114,698.00 -114,423.00 -119,699.00 -120,628.00 -104,631.00 -90,353.00 15,351.00 -75,089.00
Net Income Non-Controlling Interests 0.00 0.00 0.00 127.00 -20.00 -16.00 1.00 0.00 10.00
Net Income -105,824.00 -114,698.00 -114,423.00 -119,572.00 -120,648.00 -104,647.00 -90,352.00 15,351.00 -75,079.00
EBIT -105,321.00 -114,182.00 -113,895.00 -119,149.00 -120,056.00 -104,031.00 -89,753.00 15,710.00 0
Deprecation and Amortization 14,200.00 19,500.00 13,287.00 16,956.00 3,824.00 7,329.00 6,909.00 848.00 4,611.00
EBITDA -91,121.00 -94,682.00 -100,608.00 -102,193.00 -116,232.00 -96,702.00 -82,844.00 16,558.00 0
EPS -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0 0.00 0
Diluted EPS -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0 -0.00 0
Average Shares Outstanding Basic 588,728.00 561,698.00 548,006.00 508,957.00 496,145.00 440,085.00 0 417,829.00 0
Average Shares Outstanding Diluted 588,728.00 561,698.00 548,006.00 508,957.00 496,145.00 440,085.00 0 420,649.00 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-09-30 2021-03-31
Operating Cash Flow 0 0 -60,749.00 -92,802.00 -57,945.00 -62,319.00 -47,401.00 0 -21,536.00
   Operating Net Income -105,824.00 -114,698.00 -114,423.00 -119,699.00 -120,628.00 -104,631.00 -90,353.00 15,351.00 -75,089.00
   Deprecation and Amortization 14,200.00 19,500.00 13,287.00 16,956.00 3,824.00 7,329.00 6,909.00 848.00 4,611.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0
   Share Based Compensation 29,200.00 26,300.00 40,639.00 43,359.00 19,287.00 37,990.00 28,481.00 0 11,676.00
   Change in Working Capital 0 0 -2,338.00 -26,340.00 -1,405.00 -4,970.00 4,750.00 0 6,731.00
   Other Operating Activities 0 0 2,086.00 -7,078.00 40,977.00 1,963.00 2,812.00 0 30,535.00
Investing Cash Flow 0 0 62,033.00 66,132.00 106,499.00 64,086.00 8,427.00 0 97,839.00
   Capital Expenditure 0.00 0.00 -5,835.00 0 -14,120.00 -28,012.00 -39,294.00 0.00 -13,269.00
   Net Purchase/Sale of PPE 0 0 -5,835.00 -17,926.00 -14,120.00 -28,012.00 -39,294.00 0 -13,161.00
   Net Purchase/Sale of Investments Net 0 0 67,868.00 84,058.00 119,374.00 90,621.00 34,608.00 51,000.00 111,000.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 5,835.00 0.00 15,365.00 29,489.00 52,407.00 0 13,269.00
Financing Cash Flow 0 0 11,405.00 4,987.00 1,243.00 4,050.00 1,287.00 0 572,822.00
   Net Issuance/Repayment of Debt 0 0 784.00 -726.00 705.00 0 0 0 0
   Net Issuance/Repurchase of Equity 263,300.00 0 12,189.00 0 1,948.00 4,050.00 1,287.00 21,700.00 573,838.00
   Dividends Paid 0 0 0 0 0 0 0 0 0
   Other Financing Activities 0 0 -1,568.00 5,713.00 -1,410.00 0.00 0.00 0 -1,016.00
Net Change in Cash 0 0 12,689.00 -21,683.00 49,797.00 5,817.00 -37,687.00 0 649,125.00
   Cash at Beginning of Period 0 0 158,914.00 214,436.00 160,572.00 252,916.00 338,223.00 0 115,409.00
   Cash at End of Period 241,026.00 190,499.00 171,603.00 192,753.00 210,369.00 258,733.00 300,536.00 356,656.00 764,534.00
Free Cash Flow 0 0 -66,584.00 -110,844.00 -72,065.00 -90,331.00 -86,695.00 0 -34,805.00