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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 319m | 511m |
| Cost of revenue | 281m | 390m |
| Gross profit | 38m | 121m |
| Research and development | — | 12m |
| Selling, general and administrative | 159m | 114m |
| Operating income | −246m | −142m |
| Pre-tax income | −288m | −1.44bn |
| Income tax | 583,000 | 859,000 |
| Net income | −289m | −1.44bn |
| Earnings per share | −0.88 | −4.87 |
| Earnings per share, diluted | −0.88 | −4.87 |
| Weighted average shares | 318m | 256m |
| Weighted average shares, diluted | 318m | 256m |
| 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 | 1.01bn | 311m | 453m | 581m | 698m | 836m | 254m | 97m |
| Receivables | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 278m | 43m |
| Depreciation and amortisation | 69m | 113m |
| Share-based compensation | 98m | 52m |
| Capital expenditure | 729m | 95m |
| Investing cash flow | −741m | −95m |
| Share buybacks |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| 1m |
| 1m |
| 6m |
| 5m |
| Current assets | 1.45bn | 896m | 1.06bn | 1.00bn | 833m | 904m | 278m | 118m |
| Property, plant and equipment | 1.34bn | 1.29bn | — | — | — | 433m | — | — |
| Total assets | 3.07bn | 2.35bn | 2.17bn | 1.85bn | 1.50bn | 1.48bn | 825m | 664m |
| Current liabilities | 2.66bn | 781m | 670m | 563m | 196m | 135m | 77m | 75m |
| Short-term debt | 994m | 0 | — | — | — | — | — | — |
| Long-term debt | 1.06bn | 1.06bn | — | — | — | — | — | — |
| Total liabilities | 4.38bn | 3.31bn | 3.42bn | 3.04bn | 1.81bn | 2.42bn | 1.65bn | 1.85bn |
| Equity | −1.31bn | −963m | −1.25bn | −1.19bn | −309m | −943m | −827m | −1.18bn |
| Shares outstanding | 317m | 314m | 308m | 303m | 299m | 293m | 280m | 188m |
| Shares issued | 317m | 314m | 308m | 303m | 299m | 293m | 280m | 188m |
| 0 |
| Financing cash flow | −63m | 820m |