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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 39m | 47m |
| Research and development | 317m | 240m |
| Selling, general and administrative | 68m | 64m |
| Operating expenses | 389m | 309m |
| Operating income | −349m | −262m |
| Net income | −311m | −224m |
| Earnings per share | −3.69 | −2.98 |
| Earnings per share, diluted | −3.69 | −2.98 |
| Weighted average shares | 84m | 75m |
| Weighted average shares, diluted | 84m | 75m |
| 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 | 144m | 357m | 113m | 336m | 336m | 120m | 111m | 68m |
| Receivables | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −233m | −195m |
| Depreciation and amortisation | 8m | 7m |
| Share-based compensation | 60m | 55m |
| Capital expenditure | 1m | 13m |
| Investing cash flow | −521m | −404m |
| Financing cash flow | 991m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| 40m |
| — |
| 0 |
| 0 |
| 0 |
| Current assets | 677m | 871m | 528m | 728m | 501m | 510m | 569m | 525m |
| Property, plant and equipment | 42m | 43m | 45m | 49m | 49m | 50m | 51m | 52m |
| Total assets | 1.67bn | 1.74bn | 1.10bn | 1.13bn | 918m | 978m | 1.03bn | 826m |
| Current liabilities | 63m | 83m | 72m | 88m | 59m | 68m | 67m | 62m |
| Total liabilities | 129m | 163m | 156m | 160m | 132m | 142m | 142m | 141m |
| Equity | 1.54bn | 1.58bn | 946m | 971m | 786m | 836m | 893m | 685m |
| Shares outstanding | 82m | 81m | 72m | 71m | 65m | 65m | 65m | 62m |
| Shares issued | 82m | 81m | 72m | 71m | 65m | 65m | 65m | 62m |
| 609m |