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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 36m | 15m |
| Cost of revenue | 10m | 5m |
| Gross profit | 26m | 11m |
| Research and development | 260m | 207m |
| Selling, general and administrative | 138m | 76m |
| Operating expenses | 398m | 283m |
| Operating income | −373m | −272m |
| Pre-tax income | −745m | −275m |
| Income tax | 756,000 | 514,000 |
| Net income | −746m | −276m |
| Earnings per share | −12.85 | −6.77 |
| Earnings per share, diluted | −12.85 | −6.77 |
| 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 | 1.59bn | 1.71bn | 688m | — | 237m | 301m | 52m | — |
| Receivables | 6m | 6m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −268m | −223m |
| Depreciation and amortisation | 22m | 16m |
| Share-based compensation | 35m | 12m |
| Capital expenditure | 45m | 74m |
| Investing cash flow | −44m | −69m |
| Share buybacks | 0 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 8m |
| — |
| — |
| 2m |
| — |
| — |
| Current assets | 1.62bn | 1.74bn | 713m | — | — | 327m | — | — |
| Property, plant and equipment | 371m | 349m | 332m | — | — | 320m | — | — |
| Total assets | 2.01bn | 2.11bn | 1.07bn | — | — | 666m | — | — |
| Current liabilities | 76m | 76m | 68m | — | — | 57m | — | — |
| Short-term debt | 7m | 6m | 6m | — | — | 3m | — | — |
| Long-term debt | 178m | 180m | 179m | — | — | 149m | — | — |
| Total liabilities | 288m | 288m | 279m | — | — | 230m | — | — |
| Equity | 1.73bn | 1.82bn | 790m | 293m | 366m | 436m | 196m | 266m |
| Shares outstanding | — | — | 38m | — | — | 37m | — | — |
| Shares issued | — | — | 38m | — | — | 37m | — | — |
| 530,000 |
| Financing cash flow | 1.73bn | 339m |