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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 2m | 7m |
| Research and development | 245m | 164m |
| Selling, general and administrative | 44m | 39m |
| Operating expenses | 289m | 202m |
| Operating income | −287m | −195m |
| Net income | −259m | −158m |
| Earnings per share | −3.90 | −2.45 |
| Earnings per share, diluted | −3.90 | −2.45 |
| Weighted average shares | 66m | 64m |
| Weighted average shares, diluted | 66m | 64m |
| 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 | 36m | 29m | 36m | 23m | 17m | 28m | 36m | 43m |
| Short-term investments | 416m | 490m | 547m | 607m | 656m | 697m | 720m | 760m |
| Current assets | 459m | 535m | 604m | 648m | 694m | 747m | 779m | 812m |
| Property, plant and equipment | 7m | 5m | 5m | 4m | 5m | 4m | 4m | 4m |
| Total assets | 511m | 583m | 648m | 692m | 739m | 792m | 823m | 846m |
| Current liabilities | 51m | 51m | 46m | 33m | 32m | 40m | 32m | 28m |
| Total liabilities | 55m | 56m | 50m | 37m | 36m | 45m | 37m | 32m |
| Equity | 456m | 527m | 598m | 655m | 703m | 747m | 786m | 814m |
| Shares outstanding | 67m | 67m | 66m | 66m | 66m | 66m | 66m | 66m |
| Shares issued | 67m | 67m | 66m | 66m | 66m | 66m | 66m | 66m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −211m | −158m |
| Depreciation and amortisation | 3m | 3m |
| Share-based compensation | 36m | 34m |
| Capital expenditure | 3m | 2m |
| Investing cash flow | 209m | −290m |
| Financing cash flow | 2m | 441m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)