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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 853m | 396m |
| Cost of revenue | 207m | 94m |
| Gross profit | 645m | 303m |
| Research and development | 304m | 201m |
| Selling, general and administrative | 88m | 94m |
| Operating expenses | 472m | 419m |
| Operating income | 173m | −116m |
| Pre-tax income | 218m | −82m |
| Income tax | −981,000 | 2m |
| Net income | 219m | −83m |
| Earnings per share | 1.32 | −0.64 |
| Earnings per share, diluted | 1.22 | −0.64 |
| Weighted average shares | 166m | 131m |
| Weighted average shares, diluted | 180m | 131m |
| 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 | 148m | 168m | 140m | 162m | 86m | 80m | 126m | 421m |
| Receivables | 135m | 83m | 43m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 319m | 137m |
| Depreciation and amortisation | 7m | 3m |
| Share-based compensation | 160m | 235m |
| Capital expenditure | 38m | 34m |
| Investing cash flow | −241m | −758m |
| Share buybacks | 0 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 24m |
| 70m |
| 39m |
| 25m |
| 22m |
| Inventory | 60m | 59m | 52m | 59m | 51m | 43m | 24m | 29m |
| Current assets | 1.41bn | 1.36bn | 1.29bn | 1.18bn | 1.08bn | 1.01bn | 946m | 891m |
| Property, plant and equipment | 97m | 92m | 72m | 62m | 39m | 36m | 35m | 22m |
| Goodwill | 88m | 19m | — | — | — | — | — | — |
| Total assets | 1.66bn | 1.53bn | 1.40bn | 1.27bn | 1.12bn | 1.05bn | 983m | 916m |
| Current liabilities | 125m | 133m | 101m | 106m | 77m | 87m | 88m | 64m |
| Total liabilities | 165m | 168m | 129m | 136m | 80m | 90m | 93m | 70m |
| Equity | 1.49bn | 1.36bn | 1.27bn | 1.14bn | 1.04bn | 965m | 890m | 845m |
| Shares outstanding | 171m | 170m | 169m | 166m | 165m | 162m | 159m | 157m |
| Shares issued | 171m | 170m | 169m | 166m | 165m | 162m | 159m | 157m |
| 1m |
| Financing cash flow | 10m | 656m |