YQ: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	106m	189m	171m	531m
Cost of revenue	55m	16m	90m	206m
Gross profit	51m	69m	81m	325m
Research and development	56m	10m	168m	236m
Selling, general and administrative	75m	135m	154m	221m
Operating expenses	214m	39m	423m	536m
Operating income	−164m	−29m	−343m	−211m
Pre-tax income	−154m	−193m	−312m	−178m
Net income	−154m	−193m	−312m	−178m
Earnings per share	−0.31	−0.48	−0.68	−0.35
Earnings per share, diluted	−0.31	−0.07	−0.68	−0.35
Weighted average shares	501m	402m	459m	503m
Weighted average shares, diluted	501m	402m	459m	503m

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	—	—	246m	234m	307m	708m	1.18bn
Short-term investments	—	—	160m	125m	170m	—	—
Receivables	—	—	43m	9m	59m	—	—
Current assets	—	—	551m	509m	631m	—	—
Property, plant and equipment	—	—	22m	26m	32m	—	—
Total assets	—	—	591m	550m	685m	—	—
Current liabilities	—	—	294m	21m	181m	—	—
Total liabilities	—	—	304m	21m	190m	—	—
Equity	—	—	287m	394m	494m	759m	797m

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating cash flow	37m	−19m	−212m	−464m
Depreciation and amortisation	10m	2m	16m	25m
Share-based compensation	31m	62m	84m	130m
Capital expenditure	7m	9m	27m	3m
Investing cash flow	−42m	36m	−161m	−9m
Financing cash flow	25m	21m	−51m	−34m