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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 2.31bn | 1.70bn |
| Research and development | 624m | 404m |
| Selling, general and administrative | 1.18bn | 841m |
| Operating expenses | 2.62bn | 1.92bn |
| Operating income | −310m | −222m |
| Interest expense | 4m | 11m |
| Pre-tax income | −268m | −190m |
| Income tax | −60m | 695,000 |
| Net income | −208m | −190m |
| Earnings per share | −1.52 | −1.53 |
| Earnings per share, diluted | −1.52 | −1.53 |
| Weighted average shares | 137m | 125m |
| Weighted average shares, diluted | 137m | 125m |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Nov 30, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Oct 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 1.09bn | 1.08bn | — | 1.04bn | 1.00bn | 974m | 946m | — |
| Short-term investments | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 215m | 136m |
| Depreciation and amortisation | 42m | 31m |
| Share-based compensation | 354m | 274m |
| Capital expenditure | 106m | 66m |
| Investing cash flow | −132m | 138m |
| Financing cash flow | 47m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| 1m |
| 16m |
| 18m |
| 23m |
| — |
| Receivables | 418m | 297m | — | 286m | 309m | 318m | 314m | — |
| Inventory | 71m | 68m | — | 65m | 54m | 50m | 45m | — |
| Current assets | 1.65bn | 1.50bn | — | 1.45bn | 1.43bn | 1.42bn | 1.38bn | — |
| Property, plant and equipment | 269m | 241m | — | 206m | 189m | 180m | 162m | — |
| Goodwill | 141m | 141m | 141m | — | — | — | — | — |
| Total assets | 2.61bn | 2.40bn | — | 1.82bn | 1.76bn | 1.73bn | 1.66bn | — |
| Current liabilities | 558m | 441m | — | 442m | 385m | 366m | 344m | — |
| Short-term debt | 80m | 80m | — | 80m | 80m | 80m | 80m | — |
| Total liabilities | 840m | 686m | — | 569m | 511m | 493m | 465m | — |
| Equity | 1.77bn | 1.71bn | — | 1.25bn | 1.25bn | 1.24bn | 1.20bn | — |
| Shares outstanding | 143m | 140m | — | 138m | 137m | 136m | 133m | 8m |
| Shares issued | 143m | 140m | — | 138m | 137m | 136m | 133m | 8m |
| 30m |