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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 982m | 739m |
| Cost of revenue | 349m | 290m |
| Research and development | 364m | 348m |
| Selling, general and administrative | 211m | 180m |
| Operating expenses | 1.42bn | 1.18bn |
| Operating income | −437m | −444m |
| Pre-tax income | −418m | −435m |
| Income tax | −1m | 1m |
| Net income | −416m | −436m |
| Earnings per share | −3.32 | −3.56 |
| Earnings per share, diluted | −3.32 | −3.56 |
| Weighted average shares | 125m | 123m |
| Weighted average shares, diluted | 125m | 123m |
| 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 | 989m | 378m | 580m | 629m | 699m | 526m | 585m | 934m |
| Receivables | 137m | 138m | 116m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −185m | −240m |
| Depreciation and amortisation | 40m | 42m |
| Share-based compensation | 166m | 140m |
| Capital expenditure | 48m | 35m |
| Investing cash flow | −627m | −261m |
| Share buybacks | 45m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 130m |
| 115m |
| 110m |
| 88m |
| 101m |
| Inventory | 84m | 86m | 90m | 84m | 77m | 71m | 72m | 67m |
| Current assets | 1.37bn | 1.47bn | 829m | 883m | 927m | 1.06bn | 1.23bn | 1.29bn |
| Property, plant and equipment | 150m | 146m | 125m | 126m | 129m | 137m | 125m | 132m |
| Goodwill | 77m | 77m | 3m | 3m | 3m | 3m | 3m | 3m |
| Total assets | 1.92bn | 2.01bn | 1.28bn | 1.33bn | 1.34bn | 1.49bn | 1.54bn | 1.61bn |
| Current liabilities | 292m | 303m | 237m | 238m | 226m | 226m | 197m | 202m |
| Total liabilities | 2.10bn | 2.11bn | 1.63bn | 1.64bn | 1.60bn | 1.63bn | 1.60bn | 1.61bn |
| Equity | −181m | −99m | −354m | −305m | −251m | −140m | −60m | −2m |
| Shares outstanding | 132m | 131m | 125m | 124m | 124m | 124m | 123m | 123m |
| Shares issued | 132m | 131m | 126m | 125m | 125m | 124m | 123m | 123m |
| Treasury shares | — | — | 976,351 | 976,351 | 976,351 | — | — | — |
| 0 |
| Financing cash flow | 671m | −996,000 |