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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 |
|---|---|---|---|---|
| Research and development | 9m | 11m | 19m | 19m |
| Selling, general and administrative | 6m | 5m | 6m | 7m |
| Operating expenses | 15m | 16m | 29m | 26m |
| Operating income | −15m | −16m | −29m | −26m |
| Pre-tax income | 1.62bn | −15m | −29m | — |
| Income tax | 383m | — | — | — |
| Net income | 1.24bn | −15m | −29m | −31m |
| Earnings per share | 27.04 | −0.73 | −1.56 | −1.69 |
| Earnings per share, diluted | 25.48 | −0.73 | −1.56 | −1.69 |
| Weighted average shares | 46m | 21m | 19m | 18m |
| Weighted average shares, diluted | 48m | 21m | 19m | 18m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Nov 30, 2025 | Dec 31, 2024 | May 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | 2m | — | 3m | — | 1m | 50m | 12m |
| Short-term investments |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −10m | −13m | −24m | −24m |
| Depreciation and amortisation | 332,000 | 545,000 | 835,000 | 777,000 |
| Share-based compensation | 2m | 2m | 2m | 3m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| 198,000 |
| — |
| 5m |
| — |
| — |
| Current assets | — | 1.74bn | — | 26m | — | 34m | — | — |
| Property, plant and equipment | — | 361,000 | — | 625,000 | — | 2m | — | — |
| Total assets | — | 2.33bn | — | 28m | — | 37m | — | — |
| Current liabilities | — | 9m | — | 4m | — | 6m | — | — |
| Total liabilities | — | 392m | — | 4m | — | 7m | — | — |
| Equity | — | 1.93bn | — | 24m | — | 30m | 57m | 85m |
| Shares outstanding | — | 237m | 210m | 24m | 2m | 19m | — | — |
| Shares issued | — | 237m | 210m | 24m | 2m | 19m | — | — |
| 68,000 |
| 103,000 |
| 236,000 |
| 8m |
| Investing cash flow | −1m | 9m | −26m | 63m |
| Financing cash flow | 10m | 6m | 360,000 | 150,000 |