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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 | 665m | 1.03bn | 2.31bn | 4.61bn |
| Cost of revenue | 803m | 1.24bn | 1.39bn | 1.20bn |
| Gross profit | −138m | −213m | 921m | 3.41bn |
| Research and development | 3m | 5m | 10m | 10m |
| Selling, general and administrative | 118m | 143m | 213m | 354m |
| Operating expenses | 132m | 351m | 137m | 367m |
| Operating income | −270m | −564m | 783m | 3.04bn |
| Pre-tax income | −237m | −518m | 818m | 3.06bn |
| Income tax | −21m | −70m | 166m | 577m |
| Net income | −171m | −345m | 430m | 1.82bn |
| Earnings per share | −0.51 | −1.04 | 1.15 | 4.80 |
| Earnings per share, diluted | −0.51 | −1.04 | 1.15 | 4.67 |
| Weighted average shares | 337m | 331m | 374m | 379m |
| Weighted average shares, diluted | 337m | 331m | 375m | 386m |
| 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 | — | — | 856m | 1.01bn | 3.04bn | 3.50bn | 724m |
| Inventory | — | — | 169m | 150m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 50m | −435m | 1.62bn | 2.46bn |
| Depreciation and amortisation | 237m | 206m | 149m | 107m |
| Share-based compensation | 56m | 72m | 142m | 307m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 173m |
| — |
| — |
| Current assets | — | — | 2.70bn | 2.63bn | 3.58bn | — | — |
| Property, plant and equipment | — | — | 3.40bn | 3.50bn | 3.63bn | — | — |
| Total assets | — | — | 6.45bn | 6.42bn | 7.43bn | — | — |
| Current liabilities | — | — | 502m | 521m | 836m | — | — |
| Total liabilities | — | — | 533m | 560m | 979m | — | — |
| Equity | — | — | 4.41bn | 4.36bn | 4.76bn | 6.60bn | 2.66bn |
| Shares outstanding | — | — | 338m | 334m | 329m | — | — |
| Shares issued | — | — | 426m | 422m | 415m | — | — |
| Treasury shares | — | — | 88m | 88m | 87m | — | — |
| 173m |
| 359m |
| 1.11bn |
| 1.21bn |
| Investing cash flow | −134m | −1.48bn | −1.20bn | −998m |
| Share buybacks | — | 5m | 486m | 125m |
| Financing cash flow | −850,000 | −47m | −795m | 1.47bn |