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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 | 620m | 350m | 369m | 333m |
| Cost of revenue | 559m | 283m | 291m | 250m |
| Gross profit | 61m | 66m | 78m | 83m |
| Research and development | 154m | 77m | 30m | 35m |
| Selling, general and administrative | 84m | 64m | 66m | 93m |
| Operating income | 160m | −590m | −52m | −61m |
| Pre-tax income | 71m | −602m | −51m | −65m |
| Income tax | 5m | −2m | 6m | −4m |
| Net income | 66m | −599m | −57m | −60m |
| Earnings per share | 0.32 | −4.36 | −0.51 | −0.56 |
| Earnings per share, diluted | −1.43 | −4.36 | −0.51 | −0.56 |
| Weighted average shares | 204,679 | 137m | 110m | 109m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 149m | 476m | 145m | 231m | 372m |
| Receivables | — | — | 31m | 10m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Depreciation and amortisation | 168m | 81m | 76m | 66m |
| Share-based compensation | 38m | 34m | 45m | 91m |
| Capital expenditure | 232m | 119m | 63m | 63m |
| Investing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 17m |
| — |
| — |
| Inventory | — | — | 252m | 65m | 346,000 | — | — |
| Current assets | — | — | 1.39bn | 949m | 260m | — | — |
| Property, plant and equipment | — | — | 442m | 251m | 155m | 139m | — |
| Goodwill | — | — | 36m | 36m | 0 | — | — |
| Total assets | — | — | 2.80bn | 1.56bn | 639m | — | — |
| Current liabilities | — | — | 1.52bn | 1.10bn | 121m | — | — |
| Short-term debt | — | — | 479m | 208m | 0 | — | — |
| Long-term debt | — | — | 468,000 | 0 | 23m | — | — |
| Total liabilities | — | — | 1.94bn | 1.28bn | 307m | — | — |
| Equity | — | — | 868m | 277m | 333m | 318m | 288m |
| 39m |
| 113m |
| 200m |
| 134m |
| Financing cash flow | 1.37bn | 844m | −13m | −4m |