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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 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | 620m | 249m | 109m | 106m |
| Cost of revenue | 237m | 124m | 60m | 50m |
| Gross profit | 384m | 125m | 49m | 57m |
| Operating income | 318m | 69m | 14m | 41m |
| Pre-tax income | 288m | 67m | 11m | 36m |
| Income tax | 8m | 2m | 0 | — |
| Net income | 280m | 65m | 11m | 36m |
| Earnings per share | 0.80 | 0.19 | 0.06 | 0.22 |
| Earnings per share, diluted | 0.79 | 0.19 | 0.06 | 0.22 |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 152m | 51m | 97m | 19m | 2m |
| Receivables | — | 139m | 63m | 31m | 18m | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 394m | 93m | 63m | 29m |
| Capital expenditure | 1.24bn | 616m | 67m | 225m |
| Investing cash flow | −1.26bn | −623m | −55m | −225m |
| Financing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Inventory | — | 4m | 1m | 2m | 549,000 | — |
| Current assets | — | 390m | 181m | 147m | 60m | — |
| Property, plant and equipment | — | 2.94bn | 1.71bn | 1.09bn | 606m | — |
| Total assets | — | 3.42bn | 1.94bn | 1.25bn | 670m | — |
| Current liabilities | — | 351m | 124m | 54m | 12m | — |
| Short-term debt | — | 116m | 31m | 799,000 | 772,000 | — |
| Long-term debt | — | 1.49bn | 540m | 205m | 114m | — |
| Total liabilities | — | 1.91bn | 703m | 294m | 129m | — |
| Equity | — | 1.50bn | 1.23bn | 959m | 541m | 325m |
| 968m |
| 482m |
| 70m |
| 213m |