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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 502M | 222M |
| Cost of revenue | 21M | 4M |
| Research and development | 452M | 506M |
| Selling, general and administrative | 531M | 289M |
| Operating expenses | 1.03B | 815M |
| Operating income | −523M | −593M |
| Pre-tax income | −733M | −542M |
| Income tax | 435,000 | 1M |
| Net income | −725M | −536M |
| Earnings per share | −3.78 | −2.88 |
| Earnings per share, diluted | −3.78 | −2.88 |
| Weighted average shares | 192M | 186M |
| Weighted average shares, diluted | 192M | 186M |
| 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 | 880M | 570M | 643M | 749M | 541M | 681M | 266M | 408M |
| Short-term investments | — |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −446M | −521M |
| Depreciation and amortisation | 5M | 6M |
| Share-based compensation | 133M | 96M |
| Capital expenditure | 1M | 933,000 |
| Investing cash flow | −24M | 61M |
| Share buybacks | 48M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| — |
| 8M |
| — |
| 0 |
| — |
| 40M |
| Receivables | 205M | 139M | 117M | 77M | 115M | 5M | — | — |
| Inventory | 33M | 27M | 25M | 18M | 4M | 0 | — | — |
| Current assets | 1.24B | 798M | 839M | 912M | 695M | 721M | 445M | 616M |
| Property, plant and equipment | 5M | 5M | 6M | 6M | 7M | 7M | 9M | 10M |
| Total assets | 1.37B | 936M | 998M | 1.08B | 882M | 919M | 665M | 794M |
| Current liabilities | 816M | 288M | 217M | 176M | 152M | 154M | 139M | 134M |
| Long-term debt | — | — | — | 0 | 0 | 437M | 436M | 435M |
| Total liabilities | 3.64B | 3.01B | 2.92B | 2.86B | 2.52B | 2.38B | 1.88B | 1.88B |
| Equity | −2.28B | −2.09B | −1.93B | −1.78B | −1.64B | −1.47B | −1.22B | −1.08B |
| Shares outstanding | 196M | 195M | 193M | 191M | 190M | 190M | 189M | 188M |
| Shares issued | 204M | 202M | 200M | 199M | 197M | 196M | 195M | 194M |
| Treasury shares | 9M | 8M | 8M | 8M | 8M | 6M | 6M | 6M |
| 0 |
| Financing cash flow | 359M | 748M |