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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 | 6m |
| Research and development | 146m | 83m |
| Selling, general and administrative | 34m | 25m |
| Operating expenses | 180m | 108m |
| Operating income | −178m | −102m |
| Net income | −162m | −85m |
| Earnings per share | −4.20 | −2.55 |
| Earnings per share, diluted | −4.20 | −2.55 |
| Weighted average shares | 39m | 33m |
| Weighted average shares, diluted | 39m | 33m |
| 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 | 628m | 51m | 56m | 13m | 10m | 23m | 34m | 314m |
| Short-term investments | 484m | 353m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −129m | −78m |
| Depreciation and amortisation | 111,000 | 96,000 |
| Share-based compensation | 23m | 13m |
| Investing cash flow | −123m | −287m |
| Financing cash flow | 280m | 256m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 347m |
| 244m |
| 253m |
| 252m |
| 247m |
| 47m |
| Receivables | 1m | 52,000 | 5m | 39,000 | 1m | 0 | 1m | 840,000 |
| Current assets | 1.12bn | 409m | 414m | 264m | 271m | 281m | 287m | 366m |
| Property, plant and equipment | 274,000 | 296,000 | 185,000 | 207,000 | 191,000 | 194,000 | 189,000 | 189,000 |
| Total assets | 1.25bn | 531m | 577m | 326m | 349m | 374m | 354m | 369m |
| Current liabilities | 38m | 31m | 24m | 20m | 17m | 18m | 16m | 10m |
| Total liabilities | 46m | 38m | 31m | 23m | 20m | 22m | 16m | 11m |
| Equity | 1.20bn | 493m | 546m | 303m | 329m | 352m | 338m | 358m |
| Shares outstanding | 55m | 43m | 43m | 32m | 32m | 31m | 29m | 29m |
| Shares issued | 55m | 43m | 43m | 32m | 32m | 31m | 29m | 29m |