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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 3m | 0 |
| Cost of revenue | 17m | 0 |
| Research and development | 745m | 676m |
| Selling, general and administrative | 142m | 110m |
| Operating expenses | — | 786m |
| Operating income | −901m | −786m |
| Pre-tax income | −816m | −748m |
| Income tax | 0 | 0 |
| Net income | −816m | −748m |
| Earnings per share | −0.44 | −0.46 |
| Earnings per share, diluted | −0.44 | −0.46 |
| Weighted average shares | 1.84bn | 1.62bn |
| Weighted average shares, diluted | 1.84bn | 1.62bn |
| 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 | 273m | 221m | 87m | 206m | 170m | 211m | 279m | 419m |
| Current assets | 1.27bn | 1.32bn | 1.28bn |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −581m | −611m |
| Depreciation and amortisation | 30m | 21m |
| Share-based compensation | 188m | 144m |
| Capital expenditure | 31m | 34m |
| Investing cash flow | −245m | −172m |
| Financing cash flow | 834m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 1.34bn |
| 1.19bn |
| 1.25bn |
| 1.28bn |
| 1.04bn |
| Property, plant and equipment | 115m | 103m | 106m | 106m | 105m | 104m | 102m | 100m |
| Total assets | 2.19bn | 2.34bn | 2.51bn | 2.21bn | 2.07bn | 2.14bn | 2.27bn | 1.91bn |
| Current liabilities | 134m | 111m | 84m | 79m | 125m | 105m | 93m | 81m |
| Total liabilities | 221m | 203m | 219m | 223m | 286m | 263m | 247m | 197m |
| Equity | 1.96bn | 2.14bn | 2.29bn | 1.99bn | 1.79bn | 1.88bn | 2.02bn | 1.72bn |
| Shares outstanding | 1.96bn | 1.94bn | 1.93bn | 1.84bn | 1.76bn | 1.73bn | 1.71bn | 1.56bn |
| Shares issued | 1.96bn | 1.94bn | 1.93bn | 1.84bn | 1.76bn | 1.73bn | 1.71bn | 1.56bn |
| 492m |