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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | — | 0 | 0 | 0 | — | 302,000 | 357,000 |
| Research and development | 78m | 66m | 63m | 61m | — | 42m | 27m |
| Selling, general and administrative | 28m | 13m | 13m | 14m | — | 15m | 11m |
| Operating expenses | 106m | 78m | 76m | 75m | — | 57m | 38m |
| Operating income | −106m | −78m | −76m | −75m | — | −57m | −37m |
| Net income | −93m | −74m | −71m | −69m | −59m | −52m | −33m |
| Earnings per share | −3.20 | −3.36 | −3.31 | −3.29 | — | −2.75 | −1.74 |
| Earnings per share, diluted | −3.20 | −3.36 | −3.31 | −3.29 | — | −2.75 | −1.74 |
| Weighted average shares | 29m | 22m | 21m | 21m | — | 19m | 19m |
| Weighted average shares, diluted | 29m | 22m | 21m | 21m | — | 19m | 19m |
| 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 | 536m | 357m | 150m | 157m | 166m | 215m | 169m | 145m |
| Short-term investments | 251m | 242m |
| Metric | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| Operating cash flow | −86m | −53m |
| Depreciation and amortisation | 39,000 | 47,000 |
| Share-based compensation | 17m | 9m |
| Capital expenditure | 62,000 | 0 |
| Investing cash flow | −344m | −51m |
| Financing cash flow | 609m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| — |
| 177m |
| — |
| — |
| Current assets | 798m | 611m | 274m | 307m | 334m | 404m | 360m | 357m |
| Property, plant and equipment | 170,000 | 147,000 | 174,000 | 258,000 | 247,000 | 230,000 | 277,000 | 369,000 |
| Total assets | 1.46bn | 938m | 396m | 453m | 479m | 483m | 416m | 441m |
| Current liabilities | 50m | 60m | 53m | 49m | 40m | 38m | 33m | 21m |
| Total liabilities | 50m | 60m | 53m | 49m | 40m | 38m | 34m | 22m |
| Equity | 1.41bn | 878m | 344m | 404m | 439m | 445m | 383m | 419m |
| Shares outstanding | 28m | 25m | 21m | 21m | 20m | 19m | 18m | 18m |
| Shares issued | 28m | 25m | 21m | 21m | 20m | 19m | 18m | 18m |
| 54m |