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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 487m | 285m |
| Cost of revenue | 194m | 107m |
| Gross profit | 293m | 178m |
| Research and development | 11m | 11m |
| Selling, general and administrative | 83m | 79m |
| Operating expenses | 1.32bn | 297m |
| Operating income | −1.03bn | −119m |
| Pre-tax income | −1.04bn | −129m |
| Income tax | −33m | −13m |
| Net income | −1.01bn | −117m |
| Earnings per share | −14.06 | −2.65 |
| Earnings per share, diluted | −14.06 | −2.65 |
| Weighted average shares | 72m | 44m |
| Weighted average shares, diluted | 72m | 44m |
| 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 | 48m | 41m | 46m | 62m | 79m | 276m | 0 | — |
| Short-term investments | — | 0 | 0 | 0 | 0 | 78m | — | — |
| Receivables | 66m | 84m | 82m | 78m | 68m | 79m | — | — |
| Current assets | 148m | 155m | 162m | 168m | 175m | 456m | — | — |
| Property, plant and equipment | 2m | 2m | 3m | 4m | 4m | 5m | — | — |
| Goodwill | 1m | 46m | 55m | 135m | 516m | 973m | — | — |
| Total assets | 878m | 937m | 987m | 1.10bn | 1.51bn | 2.27bn | 0 | — |
| Current liabilities | 128m | 127m | 143m | 175m | 183m | 535m | — | — |
| Total liabilities | 353m | 343m | 389m | 428m | 450m | 695m | 0 | — |
| Equity | 525m | 595m | 598m | 669m | 1.06bn | 1.57bn | 134m | −92m |
| Shares outstanding | 72m | 72m | 72m | 71m | 71m | 71m | 1,000 | — |
| Shares issued | 72m | 72m | 72m | 71m | 71m | 71m | 1,000 | — |
| Treasury shares | 17,290 | 16,781 | 14,052 | — | — | 0 | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 16m | −65m |
| Depreciation and amortisation | 2m | 2m |
| Share-based compensation | 19m | 2m |
| Capital expenditure | 387,000 | 420,000 |
| Investing cash flow | 58m | −79m |
| Financing cash flow | −311m | 410m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)