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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 | 6.15bn | 4.55bn | 2.96bn | 2.50bn |
| Cost of revenue | 2.00bn | 199m | 790m | 701m |
| Gross profit | 4.15bn | 3.10bn | 2.17bn | 1.80bn |
| Research and development | 627m | 648m | 462m | 445m |
| Selling, general and administrative | 732m | 92m | 356m | 290m |
| Operating expenses | 4.65bn | 586m | 2.32bn | 1.92bn |
| Operating income | −503m | −1.18bn | −149m | −118m |
| Pre-tax income | −327m | −1.04bn | 13m | −3m |
| Income tax | −4m | 1m | 11m | −16m |
| Net income | −323m | −1.05bn | −7m | 13m |
| Earnings per share | −1.98 | −6.12 | −0.04 | 0.08 |
| Earnings per share, diluted | −1.98 | −6.12 | −0.04 | 0.07 |
| Weighted average shares | 163m | 171m | 174m | 172m |
| Weighted average shares, diluted | 163m | 171m | 174m | 176m |
| 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 | — | — | 596m | 181m | 636m | 820m | 897m |
| Short-term investments | — | — | 2.71bn |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 416m | 35m | 354m | 55m |
| Depreciation and amortisation | 104m | 8m | 51m | 69m |
| Share-based compensation | 39m | 7m | 58m | 123m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 253m |
| 2.25bn |
| — |
| — |
| Inventory | — | — | 55m | 36m | 25m | — | — |
| Current assets | — | — | 3.98bn | 3.64bn | 3.59bn | — | — |
| Property, plant and equipment | — | — | 1.01bn | 670m | 534m | — | — |
| Goodwill | — | — | 11m | 331,000 | 331,000 | — | — |
| Total assets | — | — | 6.20bn | 798m | 5.41bn | — | — |
| Current liabilities | — | — | 4.25bn | 447m | 1.97bn | — | — |
| Short-term debt | — | — | 100m | 0 | — | — | — |
| Long-term debt | — | — | 32m | 0 | — | — | — |
| Total liabilities | — | — | 4.95bn | 534m | 2.31bn | — | — |
| Equity | — | — | 1.25bn | 265m | 3.11bn | 3.10bn | 2.88bn |
| Shares outstanding | — | — | — | 169m | — | — | — |
| 169m |
| 178m |
| 41m |
| 19m |
| Investing cash flow | −819m | 621m | −424m | −158m |
| Share buybacks | 343m | 205m | 90m | 0 |
| Financing cash flow | −214m | −205m | −90m | 0 |