FLX: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	3.99bn	4.47bn	4.53bn	4.00bn
Cost of revenue	3.52bn	3.98bn	4.13bn	3.74bn
Gross profit	469m	491m	395m	259m
Research and development	84m	144m	91m	119m
Selling, general and administrative	146m	149m	105m	103m
Operating expenses	423m	516m	384m	462m
Operating income	46m	−26m	11m	−202m
Pre-tax income	110m	−20m	110m	−180m
Income tax	277,000	69,000	—	—
Net income	109m	−20m	110m	−180m
Earnings per share	0.53	−2.51	−0.50	−4.44
Earnings per share, diluted	0.52	−2.51	−0.50	−4.44
Weighted average shares	207m	104m	72m	72m
Weighted average shares, diluted	209m	104m	72m	72m

Metric	Aug 19, 2026	Aug 18, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and equivalents	—	—	561m	592m	699m	622m	—
Short-term investments	—	—	390m	21m	151m	—	—
Receivables	—	—	37m	17m	12m	—	—
Current assets	—	—	1.03bn	118m	920m	—	—
Property, plant and equipment	—	—	2m	4m	6m	—	—
Total assets	—	—	1.29bn	1.24bn	1.00bn	—	—
Current liabilities	—	—	440m	459m	653m	—	—
Total liabilities	—	—	453m	67m	699m	—	—
Equity	—	—	835m	747m	−2.43bn	−2.35bn	−1.87bn
Treasury shares	—	—	7m	—	—	—	—

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating cash flow	99m	2m	46m	−87m
Depreciation and amortisation	2m	407,000	5m	5m
Share-based compensation	46m	160m	—	—
Capital expenditure	131,000	156,000	3m	3m
Investing cash flow	−111m	−498m	26m	461m
Share buybacks	55m	—	—	—
Financing cash flow	−59m	59m	−359,000	—