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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 812m | 412m |
| Research and development | 102m | 114m |
| Selling, general and administrative | 225m | 169m |
| Operating expenses | 767m | 669m |
| Operating income | 45m | −257m |
| Pre-tax income | −68m | −282m |
| Income tax | 0 | 0 |
| Net income | −68m | −282m |
| Earnings per share | −3.22 | −10.66 |
| Earnings per share, diluted | −3.22 | −10.66 |
| Weighted average shares | 167m | 35m |
| Weighted average shares, diluted | 167m | 35m |
| 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 | 820m | — | — | — | 31m | — | — | — |
| Short-term investments |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 83m | −245m |
| Depreciation and amortisation | 23m | 49m |
| Share-based compensation | 70m | 19m |
| Capital expenditure | 16m | 8m |
| Investing cash flow | −16m | 53m |
| Share buybacks | 113,000 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 2m |
| 2m |
| 2m |
| 2m |
| — |
| 2m |
| — |
| — |
| Receivables | 91m | 112m | 27m | 51m | — | 88m | — | — |
| Current assets | 1.01bn | 998m | 854m | 833m | — | 216m | — | — |
| Property, plant and equipment | 83m | 63m | 64m | 61m | — | 68m | — | — |
| Goodwill | 19m | 19m | 19m | 19m | — | 19m | — | — |
| Total assets | 1.16bn | 1.13bn | 985m | 955m | — | 344m | — | — |
| Current liabilities | 144m | 127m | 86m | 90m | — | 165m | — | — |
| Short-term debt | 173,000 | 169,000 | 164,000 | 95,000 | — | 60m | — | — |
| Long-term debt | 381m | 379m | 376m | 374m | — | 319m | — | — |
| Total liabilities | 569m | 548m | 506m | 502m | — | 621m | — | — |
| Equity | 593m | 577m | 478m | 453m | −2.60bn | −2.50bn | −2.44bn | −2.36bn |
| Shares outstanding | 283m | 283m | 282m | 281m | — | 37m | — | — |
| Shares issued | 284m | 284m | 284m | 283m | — | 37m | — | — |
| Treasury shares | 2m | 2m | 2m | 2m | — | 182,500 | — | — |
| 0 |
| Financing cash flow | 665m | 200m |