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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 | Nov 30, 2024 | Dec 31, 2023 | Nov 30, 2023 |
|---|---|---|---|---|---|
| Revenue | 5m | 4m | 0 | 2m | 0 |
| Selling, general and administrative | 20m | 16m | — | 14m | — |
| Operating income | −61m | −95m | — | 92m | — |
| Pre-tax income | −224m | −92m | — | 87m | — |
| Net income | −217m | −91m | — | 90m | — |
| Weighted average shares | 897m | 892m | — | 848m | — |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|---|
| Cash and equivalents | — | 466m | 109m | 131m | 51m |
| Receivables | — | 5m | 3m | 2m | — |
| Inventory | — | 12m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | −68m | −40m | −31m |
| Depreciation and amortisation | 18m | 10m | 9m |
| Share-based compensation | 5m | 5m | 4m |
| Capital expenditure | 50m | 8m | 3m |
| Investing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 4m |
| 4m |
| — |
| Current assets | — | 560m | 124m | 149m | — |
| Total assets | — | 1.11bn | 664m | 727m | — |
| Current liabilities | — | 52m | 34m | 18m | — |
| Total liabilities | — | 738m | 99m | 85m | — |
| Equity | — | 368m | 564m | 642m | 436m |
| Shares outstanding | — | 902m | 896m | 891m | 826m |
| −50m |
| 426,000 |
| −719,000 |
| Financing cash flow | 474m | 15m | 111m |