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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 51m | 7m |
| Cost of revenue | 31m | 7m |
| Gross profit | 20m | 345,000 |
| Research and development | 21m | 12m |
| Selling, general and administrative | 44m | 17m |
| Operating expenses | 79m | 35m |
| Operating income | −58m | −35m |
| Pre-tax income | −133m | −38m |
| Income tax | 488,000 | 69m |
| Net income | −132m | −38m |
| Earnings per share | −0.62 | −0.61 |
| Earnings per share, diluted | −0.62 | −0.61 |
| Weighted average shares | 221,769 | 69,917 |
| Weighted average shares, diluted | 221,769 | 69,917 |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | May 31, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 1.03bn | 551m | 433m | 68m | — | 25m | 30m | 3m |
| Short-term investments | 448m | 22m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −39m | −33m |
| Depreciation and amortisation | 946,000 | 602,000 |
| Share-based compensation | 16m | 1m |
| Capital expenditure | 2m | 2m |
| Investing cash flow | −260m | −2m |
| Financing cash flow | 863m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
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| Receivables | 45m | 22m | 5m | 5m | — | 2m | 5m | 3m |
| Inventory | 34m | 22m | 13m | 11m | — | 11m | 10m | 9m |
| Current assets | 1.63bn | 686m | 479m | 91m | — | 43m | 48m | 17m |
| Property, plant and equipment | 12m | 10m | 3m | 2m | — | 3m | 3m | 3m |
| Goodwill | 382m | 252m | 35m | 28m | — | 28m | 28m | 28m |
| Total assets | 2.44bn | 1.13bn | 550m | 152m | 1 | 105m | 110m | 80m |
| Current liabilities | 149m | 142m | 31m | 31m | — | 50m | 51m | 40m |
| Total liabilities | 1.36bn | 661m | 40m | 39m | — | 58m | 74m | 47m |
| Equity | 1.07bn | 438m | 486m | 91m | — | 26m | 17m | 15m |
| Shares outstanding | 469m | 381m | 330m | 207m | — | 128m | 93m | 75m |
| Shares issued | 469m | 381m | 330m | 207m | — | 128m | 93m | 75m |
| 50m |