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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Jun 30, 2026 | Mar 31, 2026 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Revenue | 180m | 193m | 103m | 100m |
| Cost of revenue | 155m | 107m | 71m | 58m |
| Gross profit | 26m | 86m | 32m | 42m |
| Research and development | 320m | 75m | 61m | 53m |
| Selling, general and administrative | 96m | 11m | 10m | 7m |
| Operating expenses | 503m | 101m | 89m | 70m |
| Operating income | −477m | −15m | −57m | −28m |
| Pre-tax income | −450m | −13m | 311m | −22m |
| Income tax | 274,000 | 1m | 2m | 2m |
| Net income | −451m | −14m | 310m | −24m |
| Earnings per share | −2.98 | −0.22 | 2.28 | −0.46 |
| Earnings per share, diluted | −2.98 | −0.22 | 1.91 | −0.46 |
| Weighted average shares | 151m | 63m | 53m | 52m |
| Weighted average shares, diluted | 151m | 63m | 162m | 52m |
| Metric | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Cash and equivalents | 6.74bn | 1.72bn | 702m | 377m | 472m | 582m |
| Receivables | 123m | 63m | 50m | — | — | — |
| Metric | Jun 30, 2026 | Mar 31, 2026 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Operating cash flow | — | 12m | — | −55m |
| Depreciation and amortisation | 24m | 18m | 6m | 4m |
| Share-based compensation | — | 10m | — |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Inventory | 33m | 89m | 64m | — | — | — |
| Current assets | 9.12bn | 3.58bn | 1.54bn | — | — | — |
| Property, plant and equipment | 987m | 572m | 437m | — | — | — |
| Total assets | 11.63bn | 4.95bn | 2.33bn | — | — | — |
| Current liabilities | 1.57bn | 1.43bn | 720m | — | — | — |
| Short-term debt | 736m | 621m | 0 | — | — | — |
| Long-term debt | 182m | 362m | 0 | — | — | — |
| Total liabilities | 2.47bn | 2.20bn | 971m | — | — | — |
| Equity | 9.15bn | −195m | −579m | −651m | −978m | −967m |
| Treasury shares | 889,890 | 889,890 | 889,890 | — | — | — |
| 9m |
| Capital expenditure | — | 132m | — | 98m |
| Investing cash flow | — | −237m | — | −57m |
| Financing cash flow | — | 2.04bn | — | 2m |