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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 71m | 4m |
| Research and development | 28m | 29m |
| Selling, general and administrative | 102m | 62m |
| Operating expenses | 359m | 247m |
| Pre-tax income | −457m | −525m |
| Income tax | 4m | 1m |
| Net income | −342m | −300m |
| Earnings per share | −1.34 | −1.94 |
| Earnings per share, diluted | −1.34 | −1.94 |
| Weighted average shares | 256m | 155m |
| Weighted average shares, diluted | 256m | 155m |
| 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 | 3.03bn | 2.34bn | 1.20bn | 924m | 874m | 565m | 516m | 285m |
| Receivables | 27m | 38m | 11m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −72m | −126m |
| Depreciation and amortisation | 51m | 63m |
| Share-based compensation | 47m | 32m |
| Capital expenditure | 1.06bn | 174m |
| Investing cash flow | −1.54bn | −174m |
| Financing cash flow | 3.83bn |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| 1m |
| — |
| — |
| Inventory | 17m | 12m | 11m | — | — | 1m | — | — |
| Current assets | 3.15bn | 2.46bn | 1.28bn | 973m | 895m | 600m | 546m | 315m |
| Property, plant and equipment | 1.64bn | 1.40bn | 1.01bn | 762m | 451m | 338m | 260m | 248m |
| Total assets | 6.05bn | 5.01bn | 2.55bn | 1.88bn | 1.37bn | 955m | 822m | 580m |
| Current liabilities | 171m | 150m | 134m | 118m | 84m | 76m | 94m | 49m |
| Short-term debt | 8m | 12m | 9m | 8m | 4m | 3m | 45m | 258,000 |
| Long-term debt | 2.96bn | 2.21bn | 698m | 483m | 462m | 156m | 156m | 200m |
| Total liabilities | 3.39bn | 2.62bn | 925m | 724m | 603m | 285m | 319m | 338m |
| Equity | 2.66bn | 2.39bn | 1.63bn | 1.16bn | 767m | 669m | 503m | 242m |
| 780m |