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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 46m | 434m |
| Research and development | 159m | 138m |
| Selling, general and administrative | 45m | 43m |
| Operating expenses | 204m | 182m |
| Operating income | −158m | 253m |
| Pre-tax income | −129m | 279m |
| Income tax | 838,000 | 4m |
| Net income | −130m | 275m |
| Earnings per share | −2.05 | 4.47 |
| Earnings per share, diluted | −2.05 | 4.23 |
| Weighted average shares | 64m | 62m |
| Weighted average shares, diluted | 64m | 65m |
| 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 | 194m | 128m | 114m | 169m | 140m | 97m | 131m | 356m |
| Short-term investments | 354m | 439m | 462m | 402m | 435m | 322m | 338m | 208m |
| Current assets | 613m | 578m | 586m | 603m | 606m | 592m | 477m | 571m |
| Property, plant and equipment | 4m | 4m | 4m | 4m | 4m | 3m | 2m | 2m |
| Total assets | 697m | 668m | 702m | 718m | 742m | 745m | 604m | 615m |
| Current liabilities | 35m | 45m | 45m | 36m | 35m | 47m | 45m | 42m |
| Total liabilities | 42m | 53m | 56m | 50m | 53m | 69m | 72m | 73m |
| Equity | 655m | 615m | 645m | 668m | 689m | 675m | 532m | 541m |
| Shares outstanding | 64m | 63m | 62m | 62m | 62m | 61m | 60m | 59m |
| Shares issued | 64m | 63m | 62m | 62m | 62m | 61m | 60m | 59m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 58m | 184m |
| Depreciation and amortisation | 1m | 826,000 |
| Share-based compensation | 46m | 38m |
| Capital expenditure | 2m | 1m |
| Investing cash flow | −49m | −299m |
| Financing cash flow | 23m | 26m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)