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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 | 195m | 121m | 111m | 117m | 3m | 2m |
| Cost of revenue | 10m | 7m | 4m | 3m | 598,000 | 598,000 |
| Research and development | 127m | 113m | 111m | 111m | 120m | 115m |
| Selling, general and administrative | 164m | 138m | 129m | 106m | 69m | 60m |
| Operating expenses | 300m | 266m | 245m | 221m | 194m | 178m |
| Operating income | −106m | −145m | −134m | −104m | −192m | −176m |
| Interest expense | — | — | — | — | — | 23m |
| Pre-tax income | — | −186m | −182m | — | −164m | −76m |
| Income tax | — | −2m | 2m | — | 0 | 0 |
| Net income | −164m | −183m | −182m | −167m | −162m | −73m |
| Earnings per share | −0.84 | −0.95 | −0.95 | −0.88 | −0.86 | −0.39 |
| Earnings per share, diluted | −0.84 | −0.95 | −0.95 | −0.88 | −0.86 | −0.39 |
| Weighted average shares | 195m | 192m | 191m | 190m | 189m | 188m |
| Weighted average shares, diluted | 195m | 192m | 191m | 190m | 189m | 188m |
| 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 | 880m | 570m | 643m | 749m | 541m | 681m | 266m | 408m |
| Short-term investments | — |
| Metric | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| Operating cash flow | −197m | −199m |
| Depreciation and amortisation | 1m | 1m |
| Share-based compensation | 33m | 26m |
| Capital expenditure | 69,000 | 0 |
| Investing cash flow | −43m | −2m |
| Share buybacks | 83m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| 8m |
| — |
| 0 |
| — |
| 40m |
| Receivables | 205m | 139m | 117m | 77m | 115m | 5m | — | — |
| Inventory | 33m | 27m | 25m | 18m | 4m | 0 | — | — |
| Current assets | 1.24bn | 798m | 839m | 912m | 695m | 721m | 445m | 616m |
| Property, plant and equipment | 5m | 5m | 6m | 6m | 7m | 7m | 9m | 10m |
| Total assets | 1.37bn | 936m | 998m | 1.08bn | 882m | 919m | 665m | 794m |
| Current liabilities | 816m | 288m | 217m | 176m | 152m | 154m | 139m | 134m |
| Long-term debt | — | — | — | 0 | 0 | 437m | 436m | 435m |
| Total liabilities | 3.64bn | 3.01bn | 2.92bn | 2.86bn | 2.52bn | 2.38bn | 1.88bn | 1.88bn |
| Equity | −2.28bn | −2.09bn | −1.93bn | −1.78bn | −1.64bn | −1.47bn | −1.22bn | −1.08bn |
| Shares outstanding | 196m | 195m | 193m | 191m | 190m | 190m | 189m | 188m |
| Shares issued | 204m | 202m | 200m | 199m | 197m | 196m | 195m | 194m |
| Treasury shares | 9m | 8m | 8m | 8m | 8m | 6m | 6m | 6m |
| 48m |
| Financing cash flow | 550m | 60m |