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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 | 125m | 201m | 233m | 93m |
| Cost of revenue | 18m | 15m | 170m | 87m |
| Gross profit | 108m | 89m | 63m | 6m |
| Research and development | 15m | 6m | 62m | 37m |
| Operating income | −266m | −111m | −1.06bn | −2.46bn |
| Pre-tax income | −450m | −932m | −1.30bn | −5.63bn |
| Income tax | 0 | −19m | 3m | 10m |
| Net income | −450m | −914m | −1.31bn | −5.64bn |
| Earnings per share | 0.05 | −0.05 | −0.58 | −2.92 |
| Earnings per share, diluted | 0.05 | −0.05 | −0.58 | −2.92 |
| 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 | — | — | 81m | 127m | 436m | 513m | — |
| Receivables | — | — | 22m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 532,000 | −179m | −568m | −586m |
| Share-based compensation | −18m | 22m | 399m | 214m |
| Investing cash flow | 12m | −202m | −340m | −161m |
| Financing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 6m |
| 73m |
| — |
| — |
| Inventory | — | — | 17,000 | 0 | 22m | — | — |
| Current assets | — | — | 214m | 439m | 1.14bn | — | — |
| Property, plant and equipment | — | — | 1m | 3m | 4m | — | — |
| Goodwill | — | — | — | — | 40m | — | — |
| Total assets | — | — | 313m | 651m | 1.47bn | — | — |
| Current liabilities | — | — | 1.12bn | 1.35bn | 817m | — | — |
| Short-term debt | — | — | 502m | 773m | — | — | — |
| Total liabilities | — | — | 1.21bn | 192m | 1.51bn | — | — |
| Equity | — | — | −893m | −754m | −44m | 439m | 29m |
| −57m |
| 71m |
| 830m |
| 1.25bn |