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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 1.06B | 749M |
| Cost of revenue | 186M | 88M |
| Gross profit | 870M | 661M |
| Research and development | 1.03B | 751M |
| Selling, general and administrative | 556M | 316M |
| Operating expenses | 2.16B | 1.54B |
| Operating income | −1.29B | −877M |
| Pre-tax income | −1.23B | −793M |
| Income tax | 25M | −61M |
| Net income | −1.25B | −732M |
| Earnings per share | −3.71 | −3.74 |
| Earnings per share, diluted | −3.71 | −3.74 |
| Weighted average shares | 337M | 196M |
| Weighted average shares, diluted | 337M | 196M |
| 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 | 406M | 403M | 340M | 622M | 619M | 487M | 416M | 586M |
| Short-term investments | 1.23B | 1.25B |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | 251M | −62M |
| Depreciation and amortisation | 16M | 8M |
| Share-based compensation | 1.36B | 948M |
| Capital expenditure | 4M | 2M |
| Investing cash flow | −371M | −784M |
| Share buybacks | 0 |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 1.24B |
| 972M |
| — |
| 971M |
| — |
| — |
| Receivables | 188M | 248M | 156M | 125M | — | 131M | — | — |
| Current assets | 1.94B | 2.00B | 1.84B | 1.81B | — | 1.64B | — | — |
| Property, plant and equipment | 31M | 20M | 18M | 17M | — | 15M | — | — |
| Goodwill | 101M | 101M | 25M | 25M | — | 11M | — | — |
| Total assets | 2.29B | 2.35B | 2.07B | 2.03B | — | 1.79B | — | — |
| Current liabilities | 774M | 776M | 622M | 547M | — | 447M | — | — |
| Total liabilities | 834M | 838M | 685M | 607M | — | 469M | — | — |
| Equity | 1.46B | 1.51B | 1.39B | 1.43B | 1.37B | 1.32B | 1.17B | 862M |
| 861,000 |
| Financing cash flow | 43M | 62M |