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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 | 2.75bn | 3.60bn | 4.20bn | 3.60bn |
| Cost of revenue | 1.10bn | 1.42bn | 1.90bn | 1.80bn |
| Gross profit | 1.65bn | 2.18bn | 2.30bn | 1.81bn |
| Research and development | 525m | 733m | 901m | 763m |
| Selling, general and administrative | 251m | 330m | 419m | 622m |
| Operating expenses | 2.16bn | 365m | 3.37bn | 3.41bn |
| Operating income | −507m | −481m | −1.07bn | −1.60bn |
| Pre-tax income | −173m | −178m | −828m | −1.56bn |
| Income tax | 22m | −9m | 12m | 14m |
| Net income | −193m | −24m | −844m | −1.58bn |
| Earnings per share | −0.80 | −0.63 | −2.82 | −5.19 |
| Earnings per share, diluted | −0.80 | −0.63 | −2.82 | −5.19 |
| Weighted average shares | 240m | 274m | 299m | 305m |
| Weighted average shares, diluted | 240m | 274m | 299m | 305m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 3.37bn | 4.00bn | 2.11bn | 4.53bn | 2.16bn | — |
| Short-term investments |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −364m | −38m | −416m | −1.11bn |
| Depreciation and amortisation | 19m | 3m | 25m | 25m |
| Share-based compensation | 87m | 8m | 165m | 374m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| 841m |
| 74m |
| 1.77bn |
| — |
| — |
| — |
| Receivables | — | — | 358m | 58m | 665m | — | — | — |
| Current assets | — | — | 4.73bn | 751m | 6.38bn | — | — | — |
| Property, plant and equipment | — | — | 5m | 8m | 11m | — | — | — |
| Goodwill | — | — | — | 126m | 191m | — | — | — |
| Total assets | — | — | 5.19bn | 5.73bn | 6.80bn | — | — | — |
| Current liabilities | — | — | 1.27bn | 1.52bn | 1.95bn | — | — | — |
| Short-term debt | — | — | 35m | — | — | — | — | — |
| Total liabilities | — | — | 1.32bn | 1.54bn | 2.09bn | — | — | — |
| Equity | — | — | 3.80bn | 4.14bn | 4.60bn | 5.69bn | 6.74bn | — |
| Shares outstanding | — | — | — | — | — | — | — | 59m |
| Shares issued | — | — | — | — | — | — | — | 59m |
| 1m |
| 3m |
| 8m |
| 714,000 |
| Investing cash flow | −116m | 351m | −1.68bn | 3.49bn |
| Share buybacks | 167m | 55m | 370m | 128m |
| Financing cash flow | −132m | −404m | −365m | −108m |