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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 190m | 130m |
| Cost of revenue | 19m | 13m |
| Research and development | 167m | 238m |
| Selling, general and administrative | 195m | 144m |
| Operating expenses | 382m | 396m |
| Operating income | −192m | −266m |
| Pre-tax income | −196m | −260m |
| Income tax | 497,000 | 346,000 |
| Net income | −197m | −261m |
| Earnings per share | −3.11 | −4.34 |
| Earnings per share, diluted | −3.11 | −4.34 |
| Weighted average shares | 65m | 61m |
| Weighted average shares, diluted | 65m | 61m |
| 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 | 62m | 54m | 52m | 136m | 106m | 89m | 48m | 162m |
| Short-term investments | 278m | 335m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −116m | −114m |
| Share-based compensation | 67m | 40m |
| Capital expenditure | 953,000 | 0 |
| Investing cash flow | −137m | −48m |
| Financing cash flow | 218m | 191m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 364m |
| 155m |
| 208m |
| 231m |
| 251m |
| 157m |
| Receivables | 34m | 26m | 33m | 26m | 18m | 19m | 19m | 18m |
| Inventory | 29m | 26m | 22m | 19m | 19m | 19m | 14m | 12m |
| Current assets | 430m | 467m | 495m | 361m | 369m | 374m | 340m | 357m |
| Property, plant and equipment | 1m | 1m | 237,000 | 297,000 | 462,000 | 632,000 | 801,000 | 973,000 |
| Total assets | 442m | 480m | 507m | 373m | 387m | 392m | 364m | 382m |
| Current liabilities | 103m | 106m | 104m | 129m | 112m | 116m | 98m | 55m |
| Short-term debt | 10m | 7m | 6m | 4m | 2m | 2m | — | — |
| Long-term debt | 98m | 101m | 103m | 106m | 108m | 108m | — | — |
| Total liabilities | 205m | 210m | 211m | 239m | 224m | 228m | 211m | 202m |
| Equity | 123m | 139m | 149m | −12m | 19m | 22m | 11m | 39m |
| Shares outstanding | 68m | 67m | 67m | 64m | 63m | 62m | 61m | 61m |
| Shares issued | 68m | 67m | 67m | 64m | 63m | 62m | 61m | 61m |