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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Research and development | 225m | 109m |
| Selling, general and administrative | 62m | 49m |
| Operating expenses | 177m | 158m |
| Operating income | −177m | −158m |
| Pre-tax income | −141m | −122m |
| Income tax | 515,000 | 310,000 |
| Net income | −141m | −123m |
| Earnings per share | −0.80 | −0.78 |
| Earnings per share, diluted | −0.80 | −0.78 |
| Weighted average shares | 178m | 158m |
| Weighted average shares, diluted | 178m | 158m |
| 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 | 316m | 800m | 103m | 147m | 152m | 170m | 172m | 382m |
| Short-term investments | 1.14bn | 647m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −222m | −117m |
| Depreciation and amortisation | 1m | 992,000 |
| Share-based compensation | 29m | 19m |
| Capital expenditure | 4m | 1m |
| Investing cash flow | 90m | −359m |
| Financing cash flow | 763m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 696m |
| 639m |
| 685m |
| 714m |
| 743m |
| 545m |
| Current assets | 1.49bn | 1.57bn | 814m | 799m | 850m | 891m | 924m | 938m |
| Property, plant and equipment | 6m | 7m | 5m | 3m | 4m | 3m | 4m | 3m |
| Total assets | 1.51bn | 1.58bn | 832m | 816m | 867m | 903m | 933m | 947m |
| Current liabilities | 57m | 63m | 58m | 39m | 36m | 36m | 33m | 23m |
| Total liabilities | 61m | 68m | 62m | 44m | 42m | 38m | 36m | 26m |
| Equity | 1.45bn | 1.52bn | 770m | 772m | 825m | 865m | 897m | 921m |
| Shares outstanding | 213m | 213m | 182m | 173m | 173m | 172m | 172m | 172m |
| Shares issued | 213m | 213m | 182m | 173m | 173m | 172m | 172m | 172m |
| 515m |