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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 624m | 551m |
| Cost of revenue | 132m | 94m |
| Gross profit | 492m | 457m |
| Research and development | 238m | 197m |
| Selling, general and administrative | 99m | 89m |
| Operating expenses | 638m | 575m |
| Operating income | −147m | −118m |
| Pre-tax income | −116m | −83m |
| Income tax | 13m | 13m |
| Net income | −129m | −96m |
| Earnings per share | −1.13 | −0.86 |
| Earnings per share, diluted | −1.13 | −0.86 |
| Weighted average shares | 114m | 112m |
| Weighted average shares, diluted | 114m | 112m |
| 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 | 179m | 202m | 157m | 199m | 153m | 186m | 282m | 155m |
| Short-term investments | 568m | 681m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 147m | 115m |
| Depreciation and amortisation | 12m | 11m |
| Share-based compensation | 130m | 127m |
| Capital expenditure | 13m | 7m |
| Investing cash flow | −837,000 | −532m |
| Share buybacks | 115m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 514m |
| 572m |
| 415m |
| 343m |
| 563m |
| 427m |
| Receivables | 157m | 243m | 143m | 150m | 124m | 193m | 119m | 122m |
| Current assets | 1.08bn | 1.30bn | 961m | 1.07bn | 818m | 878m | 1.07bn | 816m |
| Property, plant and equipment | 40m | 36m | 35m | 33m | 31m | 31m | 29m | 30m |
| Goodwill | 217m | 135m | 135m | 40m | 40m | 23m | 23m | 23m |
| Total assets | 1.63bn | 1.79bn | 1.67bn | 1.62bn | 1.58bn | 1.66bn | 1.52bn | 1.09bn |
| Current liabilities | 639m | 659m | 532m | 771m | 710m | 710m | 594m | 334m |
| Equity | 454m | 599m | 605m | 341m | 368m | 456m | 429m | 459m |
| Shares outstanding | 115m | 118m | 118m | 112m | 113m | 113m | 112m | 112m |
| Shares issued | 115m | 118m | 118m | 112m | 113m | 113m | 112m | 112m |
| 0 |
| Financing cash flow | −130m | 372m |