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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 60.41bn | 42.60bn |
| Selling, general and administrative | 183m | 279m |
| Operating expenses | 61.59bn | 43.40bn |
| Interest expense | 59m | 31m |
| Pre-tax income | −271m | 330m |
| Income tax | −29m | −17m |
| Net income | −241m | 347m |
| Earnings per share | −0.53 | 0.96 |
| Earnings per share, diluted | −0.61 | 0.84 |
| Weighted average shares | 159m | 121m |
| Weighted average shares, diluted | 366m | 357m |
| 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 | 911m | 1.25bn | 1.14bn | 691m | 1,000 | 462m | 272m | 314m |
| Short-term investments | 624m | 709m | 854m | 748m | — | 835m | — | — |
| Receivables | 103m | 34m | 72m | 41m | — | 55m | — | — |
| Current assets | 6.94bn | 8.52bn | 9.06bn | 7.36bn | 1,000 | 5.88bn | — | — |
| Property, plant and equipment | 1.78bn | 1.42bn | 874m | 596m | — | 237m | — | — |
| Goodwill | 67m | 67m | 63m | 62m | — | 58m | — | — |
| Total assets | 9.99bn | 11.35bn | 11.52bn | 9.09bn | 1,000 | 7.12bn | — | — |
| Current liabilities | 4.08bn | 5.31bn | 6.73bn | 5.47bn | — | 3.89bn | — | — |
| Total liabilities | 7.21bn | 8.31bn | 8.35bn | 6.46bn | — | 4.93bn | — | — |
| Equity | 1.81bn | 1.96bn | 1.76bn | 2.62bn | 1.90bn | 2.19bn | 2.05bn | 2.07bn |
| Shares outstanding | — | — | — | — | 100 | 100 | — | — |
| Shares issued | — | — | — | — | 100 | 100 | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −317m | −205m |
| Depreciation and amortisation | 34m | 47m |
| Share-based compensation | 54m | 75m |
| Capital expenditure | 1.19bn | 59m |
| Investing cash flow | −1.29bn | −522m |
| Financing cash flow | 2.39bn | 872m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)