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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 |
|---|---|---|---|
| Revenue | 839m | 732m | 639m |
| Cost of revenue | 595m | 462m | 400m |
| Selling, general and administrative | 177m | 132m | 115m |
| Operating expenses | 974m | 602m | 522m |
| Operating income | −135m | 130m | 117m |
| Pre-tax income | −127m | 137m | 121m |
| Income tax | 3m | 2m | 2m |
| Net income | −2m | 135m | 119m |
| Earnings per share | −0.18 | — | — |
| Earnings per share, diluted | −0.22 | — | — |
| Weighted average shares | 13m | — | — |
| Weighted average shares, diluted | 111m | — | — |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Mar 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|---|---|
| Cash and equivalents | 207m | 250m | 95m | 88m | 72m | 58m |
| Receivables | 214m | 123m | — | 118m | 109m | — |
| Current assets | 454m | 412m | — | 246m | — | — |
| Goodwill | 30m | 30m | — | 30m | — | — |
| Total assets | 609m | 565m | — | 399m | — | — |
| Current liabilities | 192m | 196m | — | 94m | — | — |
| Total liabilities | 580m | 594m | — | 202m | — | — |
| Equity | −780m | −135m | — | — | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | 185m | 152m | 118m |
| Depreciation and amortisation | 9m | 8m | 8m |
| Share-based compensation | 147m | 0 | 0 |
| Capital expenditure | 10m | 9m | 5m |
| Investing cash flow | 11m | −18m | −13m |
| Financing cash flow | −33m | −118m | −91m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)