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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 1.00bn | 1.14bn |
| Cost of revenue | 441m | 548m |
| Gross profit | 563m | 597m |
| Selling, general and administrative | 540m | 639m |
| Operating expenses | 582m | 701m |
| Operating income | −19m | −104m |
| Pre-tax income | −50m | −118m |
| Income tax | 28m | −12m |
| Net income | −78m | −103m |
| Earnings per share | −1.45 | −1.94 |
| Earnings per share, diluted | −1.45 | −1.94 |
| Weighted average shares | 54m | 53m |
| Weighted average shares, diluted | 54m | 53m |
| 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 | 81m | 96m | 79m | 110m | 78m | 124m | 106m | 105m |
| Receivables | 117m | 145m | 162m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −58m | 47m |
| Depreciation and amortisation | 13m | 16m |
| Share-based compensation | 2m | 3m |
| Capital expenditure | 3m | 7m |
| Investing cash flow | 22m | 4m |
| Share buybacks | 164,000 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 122m |
| 125m |
| 162m |
| 174m |
| 133m |
| Inventory | 156m | 152m | 167m | 178m | 182m | 179m | 226m | 202m |
| Current assets | 436m | 468m | 471m | 494m | 483m | 555m | 576m | 542m |
| Property, plant and equipment | 33m | 34m | — | — | 40m | 42m | — | — |
| Total assets | 655m | 689m | 701m | 705m | 686m | 764m | 812m | 786m |
| Current liabilities | 253m | 302m | 303m | 270m | 263m | 327m | 318m | 280m |
| Short-term debt | 2m | 4m | 7m | 13m | 12m | 2m | 2m | 3m |
| Long-term debt | 193m | 174m | 169m | 166m | 167m | 163m | 173m | 157m |
| Equity | 99m | 103m | 113m | 134m | 124m | 149m | 162m | 187m |
| Shares outstanding | 58m | 58m | 54m | 54m | 53m | 53m | 53m | 53m |
| Shares issued | 58m | 58m | 54m | 54m | 53m | 53m | 53m | 53m |
| Treasury shares | 3m | 3m | 3m | — | — | — | — | — |
| 114,000 |
| Financing cash flow | −5m | −50m |