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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | 1.03bn | 627m | 285m | 117m |
| Cost of revenue | 397m | 216m | 144m | 65m |
| Research and development | 415m | 414m | 382m | 336m |
| Operating income | −137m | −310m | −528m | — |
| Pre-tax income | −283m | −158m | −520m | −446m |
| Income tax | 14m | 19m | −2m | 625,000 |
| Net income | −297m | −177m | −518m | −446m |
| Earnings per share | −0.81 | −0.48 | −1.47 | −1.40 |
| Earnings per share, diluted | −0.81 | −0.48 | −1.47 | −1.40 |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 902m | 287m | 1.28bn | 786m | 689m |
| Receivables | — | 13m | 6m | 100m | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −100m | −144m | −393m | −201m |
| Capital expenditure | 29m | 14m | 20m | 21m |
| Investing cash flow | 710m | −851m | 93m | −77m |
| Financing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Inventory | — | 32m | 24m | 19m | — | — |
| Current assets | — | 1.25bn | 1.28bn | 1.50bn | — | — |
| Property, plant and equipment | — | 116m | 99m | 109m | 105m | — |
| Total assets | — | 1.73bn | 1.67bn | 1.85bn | — | — |
| Current liabilities | — | 636m | 278m | 216m | — | — |
| Short-term debt | — | 319m | 0 | — | — | — |
| Long-term debt | — | 0 | 301m | 281m | — | — |
| Total liabilities | — | 732m | 630m | 597m | — | — |
| Equity | — | 1.00bn | 1.04bn | 1.25bn | 744m | 766m |
| −300,000 |
| 6m |
| 791m |
| 378m |