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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 | 1.24bn | 1.36bn | 1.46bn | 1.95bn |
| Cost of revenue | 1.01bn | 153m | 1.27bn | 1.67bn |
| Gross profit | 227m | 34m | 193m | 283m |
| Research and development | 83m | 12m | 75m | 68m |
| Selling, general and administrative | 89m | 10m | 76m | 61m |
| Operating income | −79m | 6m | 23m | 150m |
| Pre-tax income | −675m | 5m | −26m | 213m |
| Income tax | −80m | 13m | 8m | 18m |
| Net income | −587m | 40m | −31m | 193m |
| Earnings per share | −14.05 | 0.13 | −0.76 | 4.92 |
| Earnings per share, diluted | −14.05 | 0.95 | −0.76 | 4.92 |
| Weighted average shares | 42m | 41m | 41m | 39m |
| Weighted average shares, diluted | 42m | 42m | 41m | 39m |
| 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 | — | — | 308m | 35m | 205m | 175m | 241m |
| Short-term investments | — | — | 9m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 71m | 69m | 103m | 58m |
| Depreciation and amortisation | 1m | 154,000 | 1m | 1m |
| Share-based compensation | 8m | 11m | 14m | 12m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 5m |
| 32m |
| — |
| — |
| Receivables | — | — | 43m | 31m | 261m | — | — |
| Current assets | — | — | 383m | 75m | 577m | — | — |
| Property, plant and equipment | — | — | 2m | 2m | 2m | — | — |
| Goodwill | — | — | — | 183m | 182m | — | — |
| Total assets | — | — | 710m | 1.41bn | 1.45bn | — | — |
| Current liabilities | — | — | 107m | 22m | 234m | — | — |
| Total liabilities | — | — | 117m | 30m | 299m | — | — |
| Equity | — | — | 615m | 164m | 1.15bn | 1.16bn | 809m |
| 837,000 |
| 135,000 |
| 493,000 |
| 2m |
| Investing cash flow | −6m | −3m | −67m | −113m |
| Share buybacks | — | 101,000 | 3m | 16m |
| Financing cash flow | −100,000 | −136,000 | −5m | −11m |