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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 | 530m | 118m | 21m | 14m |
| Cost of revenue | 166m | 73m | 32m | 28m |
| Research and development | 177m | 130m | 112m | 58m |
| Selling, general and administrative | 380m | 278m | 175m | 57m |
| Operating expenses | 1.14bn | 558m | 348m | 172m |
| Operating income | −612m | −441m | −328m | −158m |
| Pre-tax income | 14m | −394m | −339m | −179m |
| Income tax | 4m | −500,000 | 2m | 1m |
| Net income | 83m | −641m | 241m | 746m |
| Earnings per share | 0.34 | −2.28 | 0.65 | 2.03 |
| Earnings per share, diluted | 0.33 | −2.28 | 0.65 | 1.59 |
| Weighted average shares | 243m | 281m | 371m | 368m |
| Weighted average shares, diluted | 248m | 281m | 371m | 368m |
| 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 | — | — | 3.68bn | 2.45bn | 116m | 289m | — |
| Receivables | — | — | 720m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 385m | 246m | 830m | 697m |
| Depreciation and amortisation | 418m | 77m | 29m | 28m |
| Share-based compensation | 83m | 57m | 31m | 10m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 13m |
| 4m |
| — |
| — |
| Current assets | — | — | 4.71bn | 2.53bn | 3.45bn | — | — |
| Property, plant and equipment | — | — | 5.55bn | 847m | 128m | — | — |
| Total assets | — | — | 12.43bn | 3.55bn | 8.76bn | — | — |
| Current liabilities | — | — | 1.53bn | 264m | 3.87bn | — | — |
| Short-term debt | — | — | 25m | 6m | 7m | — | — |
| Long-term debt | — | — | 4.10bn | — | — | — | — |
| Total liabilities | — | — | 7.84bn | 295m | 5.46bn | — | — |
| Equity | — | — | 4.59bn | 3.25bn | 3.29bn | 4.81bn | 3.58bn |
| Shares outstanding | — | — | 253m | 236m | — | — | — |
| 4.07bn |
| 808m |
| 83m |
| 15m |
| Investing cash flow | −4.23bn | 312m | −1.21bn | −403m |
| Financing cash flow | 5.13bn | 826m | 376m | −100m |