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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 322m | 97m |
| Cost of revenue | 125m | 44m |
| Research and development | 16m | 13m |
| Selling, general and administrative | 38m | 22m |
| Operating expenses | 486m | 183m |
| Operating income | −164m | −87m |
| Pre-tax income | −170m | −85m |
| Income tax | — | 4m |
| Net income | −170m | −88m |
| Earnings per share | −1.10 | −0.64 |
| Earnings per share, diluted | −1.10 | −0.64 |
| Weighted average shares | 155m | 138m |
| Weighted average shares, diluted | 155m | 138m |
| 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 | 39m | 44m | 63m | 328,610 | 354,346 | 7m | 11m | 490,693 |
| Receivables | 31m | 51m | 25m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −83m | −51m |
| Depreciation and amortisation | 14m | 8m |
| Share-based compensation | 10m | 4m |
| Investing cash flow | −56m | −13m |
| Share buybacks | 437,791 | 706,645 |
| Financing cash flow | 176m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| 16m |
| — |
| — |
| Inventory | 1m | 1m | 2m | — | — | 2m | — | — |
| Current assets | 112m | 135m | 123m | 412,134 | 594,013 | 53m | 648,979 | 621,413 |
| Property, plant and equipment | 581,186 | 709,845 | 727,915 | — | — | 778,927 | — | — |
| Total assets | 213m | 241m | 197m | 850,300 | 1m | 111m | 14m | 13m |
| Current liabilities | 188m | 219m | 113m | 5m | 5m | 80m | 4m | 4m |
| Total liabilities | 255m | 267m | 160m | 11m | 9m | 95m | 6m | 4m |
| Equity | −41m | −26m | 37m | 8m | −9m | 17m | 22m | 12m |
| Shares outstanding | 170m | 169m | 169m | — | — | 144m | — | — |
| Shares issued | 170m | 169m | 169m | — | — | 144m | — | — |
| 46m |