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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 88m | 18m |
| Research and development | 416m | 339m |
| Selling, general and administrative | 284m | 215m |
| Operating expenses | 700m | 555m |
| Operating income | −612m | −536m |
| Interest expense | 46m | 38m |
| Net income | −785m | −590m |
| Earnings per share | −6.54 | −5.26 |
| Earnings per share, diluted | −6.54 | −5.26 |
| Weighted average shares | 120,103 | 111,979 |
| Weighted average shares, diluted | 120,103 | 111,979 |
| 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 | 130m | 123m | 225m | 75m | 74m | 95m | 47m | 190m |
| Receivables | 7m | 18m | 2m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −510m | −396m |
| Depreciation and amortisation | 10m | 10m |
| Share-based compensation | 112m | 98m |
| Capital expenditure | 25m | 4m |
| Investing cash flow | 17m | −553m |
| Financing cash flow | 524m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 8m |
| 2m |
| 17m |
| 244,000 |
| 0 |
| Inventory | 154,000 | 0 | — | — | — | — | — | — |
| Current assets | 839m | 917m | 977m | 887m | 956m | 1.11bn | 1.02bn | 1.07bn |
| Property, plant and equipment | 82m | 79m | 76m | 70m | 67m | 66m | 64m | 66m |
| Total assets | 1.27bn | 1.42bn | 1.44bn | 1.23bn | 1.26bn | 1.40bn | 1.44bn | 1.52bn |
| Current liabilities | 199m | 202m | 142m | 131m | 160m | 180m | 110m | 103m |
| Short-term debt | 45m | 41m | 17m | 14m | 13m | 12m | 12m | 12m |
| Long-term debt | 247m | 246m | 159m | 159m | 92m | 93m | 93m | 93m |
| Total liabilities | 2.10bn | 2.08bn | 1.96bn | 1.59bn | 1.53bn | 1.54bn | 1.45bn | 1.42bn |
| Equity | −827m | −660m | −521m | −369m | −266m | −135m | −14m | 109m |
| Shares outstanding | — | 123m | — | — | — | 118m | — | — |
| Shares issued | — | 123m | — | — | — | 118m | — | — |
| 931m |