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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 1.06bn | 749m |
| Cost of revenue | 186m | 88m |
| Gross profit | 870m | 661m |
| Research and development | 1.03bn | 751m |
| Selling, general and administrative | 556m | 316m |
| Operating expenses | 2.16bn | 1.54bn |
| Operating income | −1.29bn | −877m |
| Pre-tax income | −1.23bn | −793m |
| Income tax | 25m | −61m |
| Net income | −1.25bn | −732m |
| Earnings per share | −3.71 | −3.74 |
| Earnings per share, diluted | −3.71 | −3.74 |
| Weighted average shares | 337m | 196m |
| Weighted average shares, diluted | 337m | 196m |
| 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 | 406m | 403m | 340m | 622m | 619m | 487m | 416m | 586m |
| Short-term investments | 1.23bn | 1.25bn |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 251m | −62m |
| Depreciation and amortisation | 16m | 8m |
| Share-based compensation | 1.36bn | 948m |
| Capital expenditure | 4m | 2m |
| Investing cash flow | −371m | −784m |
| Share buybacks | 0 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 1.24bn |
| 972m |
| — |
| 971m |
| — |
| — |
| Receivables | 188m | 248m | 156m | 125m | — | 131m | — | — |
| Current assets | 1.94bn | 2.00bn | 1.84bn | 1.81bn | — | 1.64bn | — | — |
| Property, plant and equipment | 31m | 20m | 18m | 17m | — | 15m | — | — |
| Goodwill | 101m | 101m | 25m | 25m | — | 11m | — | — |
| Total assets | 2.29bn | 2.35bn | 2.07bn | 2.03bn | — | 1.79bn | — | — |
| Current liabilities | 774m | 776m | 622m | 547m | — | 447m | — | — |
| Total liabilities | 834m | 838m | 685m | 607m | — | 469m | — | — |
| Equity | 1.46bn | 1.51bn | 1.39bn | 1.43bn | 1.37bn | 1.32bn | 1.17bn | 862m |
| 861,000 |
| Financing cash flow | 43m | 62m |