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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 53m | 136,000 |
| Research and development | 581m | 477m |
| Selling, general and administrative | 163m | 120m |
| Operating expenses | 773m | 597m |
| Operating income | −720m | −597m |
| Pre-tax income | −929m | −608m |
| Income tax | 1m | 129,000 |
| Net income | −930m | −608m |
| Earnings per share | −1.13 | −0.87 |
| Earnings per share, diluted | −1.13 | −0.87 |
| Weighted average shares | 826m | 700m |
| Weighted average shares, diluted | 826m | 700m |
| 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 | 875m | 241m | 208m | 336m | 122m | 200m | 152m | 175m |
| Short-term investments | 1.59bn | 1.17bn |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −510m | −436m |
| Depreciation and amortisation | 40m | 36m |
| Share-based compensation | 128m | 104m |
| Capital expenditure | 54m | 41m |
| Investing cash flow | −475m | 71m |
| Financing cash flow | 1.03bn |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 770m |
| 655m |
| 690m |
| 733m |
| 558m |
| 650m |
| Current assets | 2.51bn | 1.45bn | 1.02bn | 1.01bn | 841m | 970m | 738m | 858m |
| Property, plant and equipment | — | — | 140m | 135m | — | 121m | 112m | 106m |
| Goodwill | 89m | 89m | 90m | 14m | 14m | 14m | 14m | 14m |
| Total assets | 2.93bn | 1.80bn | 1.37bn | 1.26bn | 1.08bn | 1.20bn | 964m | 1.08bn |
| Current liabilities | 114m | 60m | 75m | 59m | 47m | 48m | 46m | 43m |
| Long-term debt | 701m | 0 | — | — | — | — | — | — |
| Total liabilities | 970m | 385m | 470m | 362m | 225m | 291m | 183m | 183m |
| Equity | 1.96bn | 1.41bn | 896m | 898m | 859m | 912m | 781m | 895m |
| Shares outstanding | 981m | 915m | 874m | 851m | 789m | 784m | 717m | 714m |
| Shares issued | 981m | 915m | 874m | 851m | 789m | 784m | 717m | 714m |
| 361m |