Loading the section
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 | 322m | 299m | 230m | 208m |
| Cost of revenue | 167m | 157m | 123m | 119m |
| Gross profit | 155m | 141m | 107m | 89m |
| Research and development | 90m | 95m | 102m | 145m |
| Selling, general and administrative | 31m | 68m | 81m | 68m |
| Operating expenses | 144m | 189m | 212m | 258m |
| Operating income | 11m | −48m | −106m | −168m |
| Pre-tax income | 60m | 7m | −57m | −144m |
| Income tax | 2m | 2m | 3m | 2m |
| Net income | 58m | 5m | −60m | −146m |
| Earnings per share | 0.09 | 0.01 | −0.11 | −0.26 |
| Earnings per share, diluted | 0.09 | 0.01 | −0.11 | −0.26 |
| Weighted average shares | 612m | 574m | 555m | 554m |
| Weighted average shares, diluted | 614m | 591m | 555m | 554m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 891m | 653m | 499m | 133m | 965m | — |
| Short-term investments |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 81m | 80m | 36m | −71m |
| Depreciation and amortisation | 1m | 2m | 2m | 3m |
| Share-based compensation | 22m | 68m | 65m | 69m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| 62m |
| 195m |
| 291m |
| — |
| — |
| — |
| Receivables | — | — | 13m | 8m | 9m | — | — | — |
| Inventory | — | — | 31m | 24m | 33m | — | — | — |
| Current assets | — | — | 1.02bn | 903m | 848m | — | — | — |
| Property, plant and equipment | — | — | 16m | 7m | 3m | — | — | — |
| Total assets | — | — | 1.13bn | 1.10bn | 1.07bn | — | — | — |
| Current liabilities | — | — | 106m | 94m | 88m | — | — | — |
| Total liabilities | — | — | 110m | 96m | 96m | — | — | — |
| Equity | — | — | 1.02bn | 1.01bn | 971m | 962m | 1.11bn | — |
| Shares outstanding | — | — | 0 | 0 | 0 | — | — | 222m |
| Shares issued | — | — | 0 | 0 | 0 | — | — | 222m |
| Treasury shares | — | — | 245,361 | 9m | 17m | — | — | — |
| 7m |
| 4m |
| 1m |
| 710,000 |
| Investing cash flow | 226m | 107m | 332m | −714m |
| Dividends paid | 70m | 33m | — | — |
| Share buybacks | 12,000 | 70,000 | 3m | 49m |
| Financing cash flow | −70m | −33m | −2m | −39m |