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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Mar 2026 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|
| Revenue | 2M | — | — | 0 | — | — |
| Cost of revenue | 1M | — | — | 0 | — | — |
| Research and development | 172M | 121M | 122M | 104M | 90M | 90M |
| Selling, general and administrative | — | — | — | 40M | — | — |
| Operating expenses | 256M | 175M | 176M | 144M | 122M | 121M |
| Operating income | −255M | −175M | −176M | −144M | −122M | −121M |
| Pre-tax income | −218M | −130M | −206M | −93M | −115M | −107M |
| Income tax | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 |
| Net income | −218M | −130M | −206M | −93M | −115M | −107M |
| Earnings per share | −0.28 | −0.20 | −0.36 | −0.17 | −0.29 | −0.32 |
| Earnings per share, diluted | −0.28 | −0.20 | −0.36 | −0.17 | −0.29 | −0.32 |
| Weighted average shares | 767M | 661M | 579M | 540M | 398M | 334M |
| Weighted average shares, diluted | 767M | 661M | 579M | 540M | 398M | 334M |
| Metric | 31 Mar 2026 | 31 Dec 2025 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 31 Dec 2024 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 951M | 1.02B | 596M | 1.72B | 1.03B | 835M | 508M | 367M |
| Current assets | 1.90B | 2.08B | 1.69B |
| Metric | 31 Mar 2026 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|
| Operating cash flow | −149M | — | — | −95M | — | — |
| Depreciation and amortisation | 8M | 5M | 5M | 4M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 1.76B |
| 1.07B |
| 858M |
| 523M |
| 375M |
| Property, plant and equipment | 279M | 254M | 168M | 148M | 132M | 127M | 113M | 93M |
| Goodwill | 2M | 100,000 | — | — | — | 0 | — | — |
| Total assets | 2.32B | 2.47B | 1.90B | 1.94B | 1.21B | 1.00B | 652M | 484M |
| Current liabilities | 105M | 104M | 93M | 79M | 67M | 71M | 87M | 84M |
| Short-term debt | 1M | 800,000 | — | — | — | 0 | — | — |
| Long-term debt | 79M | 80M | — | — | — | 64M | — | — |
| Total liabilities | 243M | 263M | 245M | 257M | 203M | 249M | 184M | 150M |
| Equity | 2.08B | 2.20B | 1.65B | 1.68B | 1.01B | 753M | 468M | 334M |
| Shares outstanding | 758M | 744M | — | — | — | 504M | — | — |
| Shares issued | 758M | 744M | — | — | — | 504M | — | — |
| 3M |
| 3M |
| Share-based compensation | 70M | 53M | 52M | 30M | 21M | 23M |
| Capital expenditure | 33M | — | — | 10M | — | — |
| Investing cash flow | 79M | — | — | −10M | — | — |
| Financing cash flow | 0 | — | — | 300M | — | — |