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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 264m | 164m |
| Cost of revenue | 173m | 93m |
| Research and development | 300m | 276m |
| Selling, general and administrative | 152m | 152m |
| Operating expenses | 667m | 559m |
| Operating income | −403m | −395m |
| Pre-tax income | −393m | −375m |
| Income tax | −2m | −3m |
| Net income | −391m | −372m |
| Earnings per share | −1.09 | −1.28 |
| Earnings per share, diluted | −1.09 | −1.28 |
| Weighted average shares | 357,345 | 289,877 |
| Weighted average shares, diluted | 357,345 | 289,877 |
| 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 | 197m | 163m | 158m | 132m | 172m | 116m | 164m | 229m |
| Short-term investments | 117m | 134m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −302m | −353m |
| Depreciation and amortisation | 13m | 11m |
| Share-based compensation | 62m | 110m |
| Capital expenditure | 34m | 11m |
| Investing cash flow | 47m | −96m |
| Financing cash flow | 301m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 143m |
| 169m |
| 188m |
| 208m |
| 233m |
| 184m |
| Receivables | 82m | 82m | 67m | 60m | 71m | 69m | 56m | 32m |
| Inventory | 58m | 52m | 52m | 50m | 66m | 52m | 39m | 28m |
| Current assets | 467m | 443m | 429m | 423m | 513m | 457m | 499m | 482m |
| Property, plant and equipment | 131m | 131m | 127m | 122m | 112m | 109m | 113m | 111m |
| Total assets | 926m | 913m | 905m | 907m | 967m | 910m | 991m | 964m |
| Current liabilities | 129m | 138m | 126m | 129m | 123m | 122m | 118m | 94m |
| Total liabilities | 204m | 215m | 203m | 209m | 199m | 200m | 218m | 196m |
| Equity | 722m | 699m | 702m | 698m | 768m | 710m | 773m | 769m |
| Shares outstanding | 438m | 412m | 385m | 342m | 334m | 305m | 305m | 297m |
| Shares issued | 438m | 412m | 385m | 342m | 334m | 305m | 305m | 297m |
| 391m |