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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 | 3.99bn | 4.47bn | 4.53bn | 4.00bn |
| Cost of revenue | 3.52bn | 3.98bn | 4.13bn | 3.74bn |
| Gross profit | 469m | 491m | 395m | 259m |
| Research and development | 84m | 144m | 91m | 119m |
| Selling, general and administrative | 146m | 149m | 105m | 103m |
| Operating expenses | 423m | 516m | 384m | 462m |
| Operating income | 46m | −26m | 11m | −202m |
| Pre-tax income | 110m | −20m | 110m | −180m |
| Income tax | 277,000 | 69,000 | — | — |
| Net income | 109m | −20m | 110m | −180m |
| Earnings per share | 0.53 | −2.51 | −0.50 | −4.44 |
| Earnings per share, diluted | 0.52 | −2.51 | −0.50 | −4.44 |
| Weighted average shares | 207m | 104m | 72m | 72m |
| Weighted average shares, diluted | 209m | 104m | 72m | 72m |
| 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 | — | — | 561m | 592m | 699m | 622m | — |
| Short-term investments | — | — | 390m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 99m | 2m | 46m | −87m |
| Depreciation and amortisation | 2m | 407,000 | 5m | 5m |
| Share-based compensation | 46m | 160m | — | — |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 21m |
| 151m |
| — |
| — |
| Receivables | — | — | 37m | 17m | 12m | — | — |
| Current assets | — | — | 1.03bn | 118m | 920m | — | — |
| Property, plant and equipment | — | — | 2m | 4m | 6m | — | — |
| Total assets | — | — | 1.29bn | 1.24bn | 1.00bn | — | — |
| Current liabilities | — | — | 440m | 459m | 653m | — | — |
| Total liabilities | — | — | 453m | 67m | 699m | — | — |
| Equity | — | — | 835m | 747m | −2.43bn | −2.35bn | −1.87bn |
| Treasury shares | — | — | 7m | — | — | — | — |
| Capital expenditure | 131,000 | 156,000 | 3m | 3m |
| Investing cash flow | −111m | −498m | 26m | 461m |
| Share buybacks | 55m | — | — | — |
| Financing cash flow | −59m | 59m | −359,000 | — |