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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 | 229m | 133m | 120m | 142m |
| Cost of revenue | 248m | 149m | 144m | 132m |
| Gross profit | −19m | −16m | −24m | 11m |
| Selling, general and administrative | 78m | 62m | 34m | 52m |
| Operating income | −150m | −28m | −50m | −284m |
| Pre-tax income | −208m | −7m | −40m | −193m |
| Income tax | 101,000 | 346,000 | −154,000 | −17m |
| Net income | −285m | −28m | −56m | −176m |
| Earnings per share | −0.52 | −0.07 | −0.21 | −0.85 |
| Earnings per share, diluted | −0.52 | −0.07 | −0.21 | −0.85 |
| Weighted average shares | 552m | 415m | 262m | 208m |
| Weighted average shares, diluted | 552m | 415m | 262m | — |
| Metric | Aug 18, 2026 | Mar 31, 2026 | Dec 31, 2025 | Mar 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | 398m | 631m | 39m | 60m | 84m | 31m | 126m |
| Receivables | — | 5m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −227m | −142m | −107m | −122m |
| Depreciation and amortisation | 123m | 135m | 84m | 72m |
| Share-based compensation | 15m | 13m | 11m | 22m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 5m |
| — |
| 1m |
| 714,000 |
| 701,000 |
| — |
| Inventory | — | 10m | 9m | — | 1m | 705,000 | — | — |
| Current assets | — | 576m | 826m | — | 214m | 130m | 69m | — |
| Property, plant and equipment | — | 349m | 358m | — | 237m | 186m | 219m | — |
| Total assets | — | 1.07bn | 1.30bn | — | 663m | 379m | 343m | — |
| Current liabilities | — | 60m | 148m | — | 28m | 69m | 67m | — |
| Short-term debt | — | 4m | 97m | — | 146,000 | — | — | — |
| Long-term debt | — | 573m | 572m | — | 1m | — | 4m | — |
| Total liabilities | — | 648m | 736m | — | 52m | 84m | 88m | — |
| Equity | — | 419m | 560m | 661m | 611m | 325m | 247m | 359m |
| Shares outstanding | — | 603m | 602m | 554m | 479m | 334m | 224m | — |
| Shares issued | — | 603m | 602m | — | 479m | — | — | — |
| 100m |
| 287m |
| 48m |
| 153m |
| Investing cash flow | 104m | −178m | 71m | 4m |
| Financing cash flow | 694m | 296m | 89m | 24m |