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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | 720m | 364m | 267m | 51m |
| Cost of revenue | 95m | 44m | 44m | 12m |
| Gross profit | 625m | 319m | 222m | 39m |
| Research and development | 304m | 307m | 413m | 380m |
| Selling, general and administrative | 458m | 291m | 264m | 221m |
| Operating income | −136m | −279m | −456m | −562m |
| Pre-tax income | −213m | −373m | −474m | −578m |
| Income tax | 15m | 5m | 7m | 5m |
| Net income | −228m | −378m | −481m | −583m |
| Earnings per share | −3.76 | −6.53 | −8.55 | −10.40 |
| Earnings per share, diluted | −3.76 | −6.53 | −8.55 | −10.40 |
| Weighted average shares | — | 58m | 56m | 56m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 616m | 560m | 392m | 445m | 446m |
| Receivables | — | 141m | 166m | 36m | 12m | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 54m | −306m | −467m | −496m |
| Share-based compensation | 116m | 96m | 67m | 64m |
| Investing cash flow | −8m | 7m | 286m | 62m |
| Financing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Inventory | — | 302m | 296m | 209m | 131m | — |
| Current assets | — | 1.11bn | 1.06bn | 703m | 923m | — |
| Property, plant and equipment | — | 146m | 99m | 111m | 129m | — |
| Total assets | — | 1.30bn | 1.18bn | 826m | 1.09bn | — |
| Current liabilities | — | 1.07bn | 908m | 737m | 717m | — |
| Short-term debt | — | 429m | 458m | 407m | 399m | — |
| Long-term debt | — | 385m | 365m | 223m | 95m | — |
| Total liabilities | — | 1.47bn | 1.29bn | 971m | 826m | — |
| Equity | — | −163m | −106m | −146m | 263m | 884m |
| 36m |
| 444m |
| 134m |
| 397m |