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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 1.73bn | 807m |
| Research and development | 455m | 534m |
| Selling, general and administrative | 347m | 301m |
| Operating expenses | 864m | 1.11bn |
| Operating income | 867m | −303m |
| Pre-tax income | 697m | −363m |
| Income tax | 14m | 176,000 |
| Net income | 683m | −363m |
| Earnings per share | 8.58 | −4.73 |
| Earnings per share, diluted | 7.78 | −4.73 |
| Weighted average shares | 80m | 77m |
| Weighted average shares, diluted | 88m | 77m |
| 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 | 834m | 985m | 673m | 1.02bn | 1.48bn | 780m | 540m | 669m |
| Short-term investments | 1.06bn | 961m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 711m | −108m |
| Depreciation and amortisation | 39m | 76m |
| Share-based compensation | 75m | 75m |
| Capital expenditure | 9m | 7m |
| Investing cash flow | −862m | 44m |
| Financing cash flow | 331m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 1.02bn |
| 972m |
| 547m |
| 360m |
| 487m |
| 439m |
| Receivables | 220m | 182m | 203m | 196m | 210m | 159m | 200m | 187m |
| Inventory | 76m | 80m | 53m | 34m | 22m | 23m | 36m | 32m |
| Current assets | 2.25bn | 2.27bn | 2.01bn | 2.27bn | 2.32bn | 1.37bn | 1.28bn | 1.36bn |
| Property, plant and equipment | 53m | 55m | 57m | 57m | 59m | 61m | 63m | 66m |
| Goodwill | 82m | 82m | 82m | 82m | 82m | 82m | 82m | 82m |
| Total assets | 2.87bn | 2.90bn | 2.64bn | 2.63bn | 2.66bn | 1.71bn | 1.84bn | 1.92bn |
| Current liabilities | 924m | 968m | 866m | 628m | 595m | 581m | 611m | 610m |
| Short-term debt | 287m | 287m | 286m | — | — | — | — | — |
| Long-term debt | — | — | — | 286m | 286m | 285m | 285m | 285m |
| Total liabilities | 3.05bn | 3.10bn | 2.80bn | 2.84bn | 2.84bn | 2.80bn | 2.90bn | 2.90bn |
| Equity | −180m | −205m | −156m | −207m | −186m | −1.10bn | −1.05bn | −980m |
| Shares outstanding | 83m | 81m | 80m | 79m | 79m | 78m | 77m | 77m |
| Shares issued | 83m | 81m | 80m | 79m | 79m | 78m | 77m | 77m |
| 256m |