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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 491m | 233m |
| Cost of revenue | 10m | 8m |
| Selling, general and administrative | 337m | 264m |
| Operating expenses | 554m | 557m |
| Operating income | −63m | −324m |
| Pre-tax income | −49m | −321m |
| Income tax | 988,000 | 120,000 |
| Net income | −26m | −322m |
| Earnings per share | −0.29 | −4.08 |
| Earnings per share, diluted | −0.29 | −4.08 |
| Weighted average shares | 89m | 79m |
| Weighted average shares, diluted | 89m | 79m |
| 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 | 78m | 93m | 111m | 75m | 62m | 59m | 36m | 32m |
| Receivables | 87m | 80m | 83m | 39m | 34m | 27m | 25m | 24m |
| Inventory | — | — | — | — | — | 6m | — | — |
| Current assets | 393m | 438m | 371m | 380m | 374m | 417m | 325m | 369m |
| Property, plant and equipment | 4m | 4m | 4m | 5m | 5m | 5m | 6m | 7m |
| Total assets | 555m | 605m | 539m | 555m | 549m | 594m | 504m | 551m |
| Current liabilities | 125m | 160m | 135m | 190m | 182m | 201m | 190m | 121m |
| Total liabilities | 456m | 490m | 465m | 523m | 516m | 535m | 535m | 536m |
| Equity | 99m | 115m | 74m | 33m | 33m | 59m | −30m | 15m |
| Shares outstanding | 92m | 91m | 89m | 89m | 89m | 87m | 78m | 76m |
| Shares issued | 92m | 91m | 89m | 89m | 89m | 87m | 78m | 76m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 38m | −237m |
| Depreciation and amortisation | 61m | 44m |
| Share-based compensation | 45m | 37m |
| Investing cash flow | 28m | 99m |
| Financing cash flow | −33m | 139m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)