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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | 1.85bn | 1.59bn | 1.37bn |
| Cost of revenue | 1.66bn | 1.36bn | 1.17bn |
| Gross profit | 192m | 229m | 200m |
| Research and development | 17m | 10m | 12m |
| Selling, general and administrative | 89m | 127m | 115m |
| Operating expenses | 185m | 189m | 219m |
| Operating income | 7m | 41m | −19m |
| Interest expense | 3m | 2m | 3m |
| Pre-tax income | 50m | −41m | 49m |
| Income tax | 8m | 11m | −30m |
| Net income | 43m | −52m | 99m |
| Earnings per share | 0.59 | −0.75 | 1.42 |
| Earnings per share, diluted | 0.59 | −0.75 | 1.42 |
| Weighted average shares | 73m | 70m | 70m |
| Weighted average shares, diluted | 73m | 70m | 70m |
| Metric | Aug 19, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|---|
| Cash and equivalents | — | 144m | 127m | 185m | 308m |
| Receivables | — | 343m | 288m | — | — |
| Inventory | — | 2m | 4m | — | — |
| Current assets | — | 937m | 667m | — | — |
| Property, plant and equipment | — | 62m | 147m | — | — |
| Total assets | — | 1.24bn | 908m | — | — |
| Current liabilities | — | 464m | 290m | — | — |
| Long-term debt | — | — | 1m | — | — |
| Total liabilities | — | 490m | 319m | — | — |
| Equity | — | 734m | 570m | 670m | −384m |
| Shares outstanding | — | 76m | 7m | — | — |
| Shares issued | — | 76m | 7m | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | 12m | 6m | 12m |
| Depreciation and amortisation | 11m | 10m | 8m |
| Capital expenditure | 27,000 | 1m | 95m |
| Investing cash flow | −93m | −11m | −23m |
| Financing cash flow | 99m | −54m | −232m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)