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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 | 440m | 498m | 743m | 640m |
| Research and development | 35m | 37m | 34m | 35m |
| Selling, general and administrative | 36m | 39m | 32m | 28m |
| Operating expenses | 455m | 501m | 629m | 533m |
| Operating income | −15m | −3m | 114m | 107m |
| Pre-tax income | −5m | 15m | 135m | 112m |
| Income tax | 3m | 3m | 20m | 14m |
| Net income | −8m | 13m | 115m | 97m |
| Earnings per share | −0.19 | 0.27 | 2.44 | 2.17 |
| Earnings per share, diluted | −0.19 | 0.25 | 2.30 | 2.03 |
| Weighted average shares | 42m | 47m | 47m | 45m |
| Weighted average shares, diluted | 42m | 50m | 50m | 48m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 90m | 156m | 188m | 178m | 106m |
| Short-term investments | — | 151m | 139m | 207m | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 42m | 7m | 155m | 122m |
| Depreciation and amortisation | 18m | 16m | 14m | 14m |
| Share-based compensation | 31m | 27m | 18m | 13m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Receivables | — | 188m | 164m | 232m | — | — |
| Current assets | — | 520m | 561m | 727m | — | — |
| Property, plant and equipment | — | 12m | 9m | 3m | — | — |
| Goodwill | — | 266m | 247m | 248m | 196m | — |
| Total assets | — | 914m | 916m | 1.08bn | — | — |
| Current liabilities | — | 189m | 162m | 340m | — | — |
| Total liabilities | — | 238m | 193m | 359m | — | — |
| Equity | — | 676m | 723m | 718m | 583m | 467m |
| Shares outstanding | — | 39m | 45m | 48m | — | — |
| Shares issued | — | 39m | 45m | 48m | — | — |
| Treasury shares | — | 115,339 | 115,339 | 115,339 | — | — |
| 4m |
| 7m |
| 811,000 |
| 1m |
| Investing cash flow | −37m | 63m | −133m | −47m |
| Financing cash flow | −71m | −101m | −11m | −3m |