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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 0 | 0 |
| Selling, general and administrative | 176m | 229m |
| Operating expenses | 408m | 327m |
| Operating income | −408m | −327m |
| Pre-tax income | −398m | −617m |
| Income tax | 12m | −48,000 |
| Net income | −410m | −617m |
| Earnings per share | −4.18 | −9.21 |
| Earnings per share, diluted | −4.18 | −9.21 |
| Weighted average shares | 98m | 67m |
| Weighted average shares, diluted | 98m | 67m |
| 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 | 52m | 98m | 42m | 247m | 189m | 300m | 288m | 112m |
| Receivables | 2m | 0 |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −352m | −163m |
| Depreciation and amortisation | 13m | 10m |
| Share-based compensation | 43m | 92m |
| Capital expenditure | 418m | 72m |
| Investing cash flow | −418m | −276m |
| Financing cash flow | 531m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
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| Inventory | 6m | 12m | — | — | — | 0 | — | — |
| Current assets | 85m | 136m | 78m | 308m | 245m | 355m | 344m | 167m |
| Total assets | 1.73bn | 1.74bn | 1.65bn | 1.77bn | 1.56bn | 1.58bn | 1.47bn | 1.24bn |
| Current liabilities | 1.08bn | 1.02bn | 1.06bn | 1.06bn | 147m | 121m | 98m | 61m |
| Short-term debt | 956m | 922m | 897m | 876m | — | 0 | — | — |
| Long-term debt | — | 0 | 0 | 0 | 855m | 834m | 814m | 790m |
| Total liabilities | 1.31bn | 1.21bn | 1.30bn | 1.33bn | 1.28bn | 1.20bn | 1.31bn | 1.12bn |
| Equity | 422m | 534m | 348m | 446m | 281m | 384m | 167m | 122m |
| Shares outstanding | 150m | 145m | 100m | 99m | 89m | 89m | 79m | 65m |
| Shares issued | 150m | 145m | 100m | 99m | 89m | 89m | 79m | 65m |
| 722m |