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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 958m | 180m |
| Cost of revenue | — | 6m |
| Selling, general and administrative | 814m | 435m |
| Operating expenses | 1.26bn | 678m |
| Operating income | −300m | −498m |
| Net income | −288m | −466m |
| Earnings per share | −12.85 | −21.90 |
| Earnings per share, diluted | −12.85 | −21.90 |
| Weighted average shares | 22m | 21m |
| Weighted average shares, diluted | 22m | 21m |
| 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 | 227m | 199m | 296m | 186m | 184m | 100m | 238m | 500m |
| Receivables | 187m | 134m | 113m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −190m | −456m |
| Depreciation and amortisation | 2m | 1m |
| Share-based compensation | 98m | 80m |
| Capital expenditure | 467,000 | 1m |
| Investing cash flow | 32m | −274m |
| Financing cash flow | 256m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 79m |
| 61m |
| 54m |
| 30m |
| 7m |
| Inventory | 112m | 75m | 69m | 63m | 55m | 34m | 9m | 7m |
| Current assets | 1.18bn | 1.25bn | 1.35bn | 1.00bn | 988m | 1.03bn | 1.06bn | 1.09bn |
| Property, plant and equipment | 8m | 1m | 3m | 2m | 2m | 2m | 2m | 2m |
| Total assets | 1.23bn | 1.26bn | 1.36bn | 1.02bn | 997m | 1.04bn | 1.07bn | 1.10bn |
| Current liabilities | 338m | 310m | 391m | 197m | 167m | 169m | 178m | 125m |
| Long-term debt | 340m | 340m | 340m | 118m | 118m | 118m | 117m | 117m |
| Total liabilities | 684m | 657m | 737m | 319m | 286m | 288m | 296m | 243m |
| Equity | 543m | 603m | 626m | 696m | 711m | 754m | 777m | 857m |
| Shares outstanding | 23m | 23m | 23m | 22m | 22m | 22m | 22m | 20m |
| Shares issued | 23m | 23m | 23m | 22m | 22m | 22m | 22m | 20m |
| 735m |