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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 | 578m | 514m | 441m | 184m |
| Cost of revenue | 243m | 156m | 148m | 94m |
| Gross profit | 335m | 358m | 294m | 90m |
| Research and development | 59m | 53m | 57m | 51m |
| Selling, general and administrative | 72m | 88m | 113m | 109m |
| Operating expenses | 324m | 295m | 396m | 300m |
| Operating income | 11m | 63m | −102m | −210m |
| Pre-tax income | 31m | 11m | −99m | −204m |
| Income tax | 1m | 837,000 | 1m | −731,000 |
| Net income | 31m | 77m | −99m | −193m |
| Earnings per share | 0.09 | 0.03 | −0.27 | −0.52 |
| Earnings per share, diluted | 0.09 | 0.03 | −0.27 | −0.52 |
| Weighted average shares | 341m | 361m | 371m | 371m |
| Weighted average shares, diluted | 343m | 364m | 371m | 371m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Jun 30, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 207m | 64m | 379m | 154m | — | 396m |
| Short-term investments |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −109m | 13m | 233m | −143m |
| Depreciation and amortisation | 5m | 6m | 12m | 15m |
| Share-based compensation | 6m | 9m | 16m | 5m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| 854m |
| 433m |
| 778m |
| — |
| — |
| — |
| Receivables | — | — | 67m | 43m | 42m | — | — | — |
| Current assets | — | — | 1.30bn | 1.20bn | 1.51bn | — | — | — |
| Property, plant and equipment | — | — | 19m | 5m | 57m | — | — | — |
| Goodwill | — | — | — | — | 0 | 115m | 120m | — |
| Total assets | — | — | 1.60bn | 1.91bn | 1.96bn | — | — | — |
| Current liabilities | — | — | 636m | 894m | 959m | — | — | — |
| Short-term debt | — | — | 35,000 | 36,000 | 7m | — | — | — |
| Long-term debt | — | — | — | 0 | 10m | — | — | — |
| Total liabilities | — | — | 642m | 123m | 981m | — | — | — |
| Equity | — | — | 1.03bn | 1.08bn | 1.03bn | 1.03bn | — | 1.23bn |
| Shares outstanding | — | — | 328m | 389m | 389m | — | — | — |
| Shares issued | — | — | 345m | 389m | 389m | — | — | — |
| Treasury shares | — | — | 18m | 38m | 18m | — | — | — |
| 7m |
| 12m |
| 10m |
| 6m |
| Investing cash flow | 5m | 27m | 41m | −52m |
| Dividends paid | 30m | — | — | — |
| Share buybacks | 51m | 45m | — | — |
| Financing cash flow | −160m | −74m | −23m | −486,000 |