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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Research and development | 145m | 104m |
| Selling, general and administrative | 27m | 9m |
| Operating expenses | 172m | 113m |
| Operating income | −172m | −113m |
| Pre-tax income | −177m | −112m |
| Net income | −177m | −112m |
| Earnings per share | −3.79 | −2.83 |
| Earnings per share, diluted | −3.79 | −2.83 |
| Weighted average shares | 47m | 39m |
| Weighted average shares, diluted | 47m | 39m |
| 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 | 145m | 166m | 74m | 46m | 16m | 23m | 13m | 30m |
| Short-term investments | 242m | 276m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −153m | −83m |
| Depreciation and amortisation | 167,000 | 130,000 |
| Share-based compensation | 21m | 7m |
| Capital expenditure | 249,000 | 250,000 |
| Investing cash flow | −64m | −63m |
| Financing cash flow | 361m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 381m |
| 122m |
| 189m |
| 213m |
| 251m |
| 253m |
| Current assets | 409m | 466m | 475m | 183m | 218m | 245m | 272m | 292m |
| Property, plant and equipment | 619,000 | 499,000 | 417,000 | 357,000 | 358,000 | 336,000 | 338,787 | 308,444 |
| Total assets | 410m | 467m | 476m | 184m | 218m | 245m | 273m | 293m |
| Current liabilities | 33m | 44m | 39m | 40m | 33m | 32m | 26m | 20m |
| Total liabilities | 357m | 366m | 359m | 139m | 131m | 130m | 123m | 116m |
| Equity | 54m | 101m | 117m | 44m | 87m | 116m | 150m | 177m |
| Shares outstanding | 48m | 48m | 43m | 39m | 38m | 37m | 37m | 37m |
| Shares issued | 48m | 48m | 43m | 39m | 38m | 37m | 37m | 37m |
| 138m |