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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 147m | 126m |
| Research and development | 196m | 322m |
| Selling, general and administrative | 159m | 214m |
| Operating expenses | 709m | 2.31bn |
| Operating income | −562m | −2.19bn |
| Pre-tax income | −535m | −2.16bn |
| Income tax | −126m | −135m |
| Net income | −408m | −2.03bn |
| Earnings per share | −11.11 | −63.54 |
| Earnings per share, diluted | −11.11 | −63.54 |
| Weighted average shares | 37m | 32m |
| Weighted average shares, diluted | 37m | 32m |
| 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 | 69m | 250m | 127m | 127m | 134m | 214m | 854m | 959m |
| Receivables | 20m | 18m | 16m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −299m | −577m |
| Depreciation and amortisation | 18m | 20m |
| Share-based compensation | 58m | 86m |
| Capital expenditure | 909,000 | 5m |
| Investing cash flow | −85m | −551m |
| Financing cash flow | 423m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 16m |
| 19m |
| 20m |
| — |
| — |
| Current assets | 877m | 954m | 589m | 652m | 728m | 820m | 910m | 1.02bn |
| Property, plant and equipment | 48m | 52m | 56m | 60m | 65m | 69m | — | — |
| Goodwill | — | — | — | — | — | 0 | 0 | 0 |
| Total assets | 2.80bn | 2.92bn | 2.60bn | 2.70bn | 2.85bn | 2.98bn | 3.12bn | 3.27bn |
| Current liabilities | 75m | 80m | 77m | 71m | 75m | 77m | 94m | 88m |
| Total liabilities | 303m | 344m | 361m | 388m | 434m | 480m | 530m | 575m |
| Equity | 2.50bn | 2.58bn | 2.24bn | 2.31bn | 2.41bn | 2.50bn | 2.59bn | 2.70bn |
| Shares outstanding | 41m | 40m | 36m | 36m | 35m | 34m | 33m | 0 |
| Shares issued | 41m | 40m | 36m | 36m | 35m | 34m | 33m | 0 |
| 1.24bn |