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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 160m | 61m |
| Cost of revenue | 129m | 72m |
| Gross profit | 31m | −11m |
| Research and development | 200m | 149m |
| Selling, general and administrative | 91m | 47m |
| Operating expenses | 291m | 198m |
| Operating income | −261m | −209m |
| Pre-tax income | −335m | −231m |
| Income tax | −37m | 0 |
| Net income | −298m | −231m |
| Earnings per share | −4.83 | −20.74 |
| Earnings per share, diluted | −4.83 | −20.74 |
| Weighted average shares | 69m | 13m |
| Weighted average shares, diluted | 69m | 13m |
| 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 | 326m | 793m | 995m | 205m | 177m | 123m | 26m | 22m |
| Short-term investments | 225m | 100m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −205m | −158m |
| Depreciation and amortisation | 23m | 13m |
| Share-based compensation | 18m | 2m |
| Capital expenditure | 33m | 33m |
| Investing cash flow | −402m | −33m |
| Financing cash flow | 1.26bn |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
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| Receivables | 45m | 46m | 5m | 6m | — | 1m | — | — |
| Current assets | 674m | 963m | 1.02bn | 234m | — | 181m | — | — |
| Property, plant and equipment | 169m | 164m | 143m | 139m | — | 136m | — | — |
| Goodwill | 453m | 450m | 17m | 17m | — | 17m | — | — |
| Total assets | 1.49bn | 1.82bn | 1.26bn | 467m | — | 407m | — | — |
| Current liabilities | 266m | 214m | 165m | 147m | — | 179m | — | — |
| Total liabilities | 387m | 635m | 307m | 411m | — | 415m | — | — |
| Equity | 1.10bn | 1.19bn | 949m | −918m | −839m | −768m | −665m | 620m |
| Shares outstanding | 160m | 159m | 148m | 14m | — | 13m | — | — |
| Shares issued | 160m | 159m | 148m | 14m | — | 13m | — | — |
| 233m |