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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 31m | 37m |
| Cost of revenue | 20m | 5m |
| Gross profit | 11m | 32m |
| Research and development | 46m | 47m |
| Selling, general and administrative | 610m | 76m |
| Operating income | −690m | −139m |
| Pre-tax income | −664m | −346m |
| Net income | −356m | −137m |
| Earnings per share | −2.17 | −1.47 |
| Earnings per share, diluted | −2.17 | −1.47 |
| Weighted average shares | 164m | 93m |
| Weighted average shares, diluted | 164m | 93m |
| 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 | 341m | 836m | 408m | 298m | 491m | 402m | 117m | 136m |
| Short-term investments | 549m | 418m | 284m | 123m | 30m | 40m | 45m | — |
| Current assets | 908m | 1.27bn | 720m | 443m | 543m | 471m | 181m | 156m |
| Property, plant and equipment | 3m | 2m | 2m | 2m | 2m | 2m | 3m | 3m |
| Goodwill | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m |
| Total assets | 1.15bn | 1.41bn | 883m | 606m | 618m | 545m | 253m | 229m |
| Current liabilities | 31m | 296m | 446m | 105m | 87m | 90m | 81m | 59m |
| Total liabilities | 38m | 299m | 448m | 108m | 89m | 92m | 163m | 136m |
| Equity | 1.17bn | 1.17bn | 829m | 499m | 529m | 619m | 90m | 93m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −460m | −109m |
| Depreciation and amortisation | 1m | 2m |
| Share-based compensation | 19m | 14m |
| Capital expenditure | 508,000 | 44,000 |
| Investing cash flow | −411m | −40m |
| Share buybacks | — | 0 |
| Financing cash flow | 1.31bn | 430m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)