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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 | 27m | 41m | 78m | 983m |
| Cost of revenue | 67m | 4m | 182m | 753m |
| Gross profit | −40m | 2m | −103m | 230m |
| Research and development | 8m | 50m | 89m | 132m |
| Selling, general and administrative | 55m | 7m | 53m | 53m |
| Operating expenses | −111m | 15m | 157m | 209m |
| Operating income | 71m | −99m | −261m | 21m |
| Pre-tax income | 126m | −120m | −254m | 31m |
| Income tax | — | — | −17,394 | — |
| Net income | 135m | −16m | −253m | 31m |
| Earnings per share | 6.82 | −1.96 | −42.94 | 5.84 |
| Earnings per share, diluted | 6.82 | −14.06 | −42.94 | 5.84 |
| Weighted average shares | 20m | 8m | 6m | 5m |
| Weighted average shares, diluted | 20m | 8m | 6m | 5m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 9m | 5m | 48m | 88m | 234m |
| Short-term investments | — | — | 26m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −108m | −19m | −133m | −275m |
| Depreciation and amortisation | 11m | 10m | 4m | 4m |
| Share-based compensation | 73,013 | 55,857 | 718,411 | 9m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| — |
| — |
| Receivables | — | — | 281,446 | 572,803 | 2m | — | — |
| Inventory | — | — | 14m | 4m | 13m | — | — |
| Current assets | — | — | 431m | 51m | 125m | — | — |
| Property, plant and equipment | — | — | 183m | 197m | 170m | — | — |
| Total assets | — | — | 1.12bn | 616m | 350m | — | — |
| Current liabilities | — | — | 206m | 209m | 243m | — | — |
| Short-term debt | — | — | 7m | 744,255 | 3m | — | — |
| Long-term debt | — | — | 171m | 171m | 120m | — | — |
| Total liabilities | — | — | 379m | 53m | 367m | — | — |
| Equity | — | — | 748m | 231m | −15m | 164m | −25m |
| 46,283 |
| 5m |
| 105m |
| 18m |
| Investing cash flow | −296m | −257m | −105m | −33m |
| Share buybacks | 2m | — | — | — |
| Financing cash flow | 382m | 52m | 200m | 161m |