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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Revenue | 2m | — | — | 0 | — | — |
| Cost of revenue | 1m | — | — | 0 | — | — |
| Research and development | 172m | 121m | 122m | 104m | 90m | 90m |
| Selling, general and administrative | — | — | — | 40m | — | — |
| Operating expenses | 256m | 175m | 176m | 144m | 122m | 121m |
| Operating income | −255m | −175m | −176m | −144m | −122m | −121m |
| Pre-tax income | −218m | −130m | −206m | −93m | −115m | −107m |
| Income tax | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 |
| Net income | −218m | −130m | −206m | −93m | −115m | −107m |
| Earnings per share | −0.28 | −0.20 | −0.36 | −0.17 | −0.29 | −0.32 |
| Earnings per share, diluted | −0.28 | −0.20 | −0.36 | −0.17 | −0.29 | −0.32 |
| Weighted average shares | 767m | 661m | 579m | 540m | 398m | 334m |
| Weighted average shares, diluted | 767m | 661m | 579m | 540m | 398m | 334m |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 951m | 1.02bn | 596m | 1.72bn | 1.03bn | 835m | 508m | 367m |
| Current assets | 1.90bn | 2.08bn | 1.69bn |
| Metric | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating cash flow | −149m | — | — | −95m | — | — |
| Depreciation and amortisation | 8m | 5m | 5m | 4m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 1.76bn |
| 1.07bn |
| 858m |
| 523m |
| 375m |
| Property, plant and equipment | 279m | 254m | 168m | 148m | 132m | 127m | 113m | 93m |
| Goodwill | 2m | 100,000 | — | — | — | 0 | — | — |
| Total assets | 2.32bn | 2.47bn | 1.90bn | 1.94bn | 1.21bn | 1.00bn | 652m | 484m |
| Current liabilities | 105m | 104m | 93m | 79m | 67m | 71m | 87m | 84m |
| Short-term debt | 1m | 800,000 | — | — | — | 0 | — | — |
| Long-term debt | 79m | 80m | — | — | — | 64m | — | — |
| Total liabilities | 243m | 263m | 245m | 257m | 203m | 249m | 184m | 150m |
| Equity | 2.08bn | 2.20bn | 1.65bn | 1.68bn | 1.01bn | 753m | 468m | 334m |
| Shares outstanding | 758m | 744m | — | — | — | 504m | — | — |
| Shares issued | 758m | 744m | — | — | — | 504m | — | — |
| 3m |
| 3m |
| Share-based compensation | 70m | 53m | 52m | 30m | 21m | 23m |
| Capital expenditure | 33m | — | — | 10m | — | — |
| Investing cash flow | 79m | — | — | −10m | — | — |
| Financing cash flow | 0 | — | — | 300m | — | — |