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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 |
|---|---|---|---|
| Revenue | 468m | 218m | 205m |
| Cost of revenue | 385m | 176m | 169m |
| Gross profit | 83m | 42m | 37m |
| Selling, general and administrative | 23m | 14m | 12m |
| Operating income | 36m | 8m | 9m |
| Pre-tax income | −105m | −22m | 18m |
| Income tax | 14m | 10m | 12m |
| Net income | −119m | −32m | 6m |
| Earnings per share | −0.42 | −0.13 | 0.03 |
| Earnings per share, diluted | −0.42 | −0.13 | 0.03 |
| Weighted average shares | 283m | 242m | 196m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|---|
| Cash and equivalents | — | 215m | 106m | 35m | 83m |
| Receivables | — | 26m | 5m | 22m | — |
| Inventory | — | 62m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | 67m | 19m | 12m |
| Depreciation and amortisation | 74m | 31m | 29m |
| Share-based compensation | 4m | 3m | 4m |
| Capital expenditure | 169m | 195m | 118m |
| Investing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 36m |
| 27m |
| — |
| Current assets | — | 423m | 158m | 101m | — |
| Property, plant and equipment | — | 786m | 506m | 315m | — |
| Total assets | — | 1.24bn | 719m | 475m | — |
| Current liabilities | — | 277m | 79m | 58m | — |
| Short-term debt | — | 9m | 5m | 4m | — |
| Long-term debt | — | 4m | 115m | 5m | — |
| Total liabilities | — | 657m | 235m | 88m | — |
| Equity | — | 579m | 484m | 386m | 316m |
| −237m |
| −184m |
| −107m |
| Financing cash flow | 287m | 236m | 48m |