MXL: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	468m	361m
Cost of revenue	202m	166m
Gross profit	266m	195m
Selling, general and administrative	160m	138m
Operating expenses	393m	418m
Operating income	−127m	−223m
Pre-tax income	−141m	−239m
Income tax	−4m	6m
Net income	−137m	−245m
Earnings per share	−1.58	−2.93
Earnings per share, diluted	−1.58	−2.93
Weighted average shares	87m	84m
Weighted average shares, diluted	87m	84m

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	61m	73m	112m	109m	103m	119m	149m	186m
Receivables	41m	46m	53m	106m	99m	85m	48m	85m
Inventory	86m	78m	86m	86m	86m	90m	96m	95m
Current assets	249m	249m	284m	330m	320m	323m	328m	398m
Property, plant and equipment	44m	49m	51m	51m	56m	59m	63m	65m
Goodwill	319m	319m	319m	319m	319m	319m	319m	319m
Total assets	771m	796m	808m	864m	855m	865m	895m	973m
Current liabilities	147m	186m	184m	213m	197m	182m	169m	190m
Long-term debt	124m	124m	123m	123m	123m	123m	123m	123m
Total liabilities	317m	345m	343m	375m	362m	348m	338m	356m
Equity	454m	452m	465m	488m	493m	516m	557m	617m
Shares outstanding	90m	86m	87m	87m	86m	85m	84m	84m
Shares issued	90m	86m	87m	87m	86m	85m	84m	84m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	20m	−45m
Depreciation and amortisation	44m	54m
Share-based compensation	77m	66m
Capital expenditure	13m	18m
Investing cash flow	−20m	−23m
Share buybacks	20m	0
Financing cash flow	−19m	1m