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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 588M | 390M |
| Cost of revenue | 120M | 91M |
| Gross profit | 468M | 300M |
| Research and development | 368M | 101M |
| Selling, general and administrative | 330M | 64M |
| Operating expenses | 1.01B | 332M |
| Operating income | −546M | −32M |
| Pre-tax income | −527M | −11M |
| Income tax | 998,000 | 677,000 |
| Net income | −528M | −12M |
| Earnings per share | −7.77 | −0.88 |
| Earnings per share, diluted | −7.77 | −0.88 |
| Weighted average shares | 55M | 14M |
| Weighted average shares, diluted | 55M | 14M |
| 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 | 187M | 208M | 261M | 237M | 288M | 301M | 268M | 237M |
| Short-term investments | — |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | 171M | 49M |
| Depreciation and amortisation | 5M | 6M |
| Share-based compensation | 643M | 739,000 |
| Capital expenditure | 708,000 | 1M |
| Investing cash flow | −114M | 18M |
| Share buybacks | 65M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 219M |
| 176M |
| — |
| 166M |
| — |
| — |
| Receivables | 115M | 66M | 87M | 99M | — | 42M | — | — |
| Inventory | 14M | 16M | 14M | 14M | — | 11M | — | — |
| Current assets | 540M | 534M | 659M | 598M | — | 583M | — | — |
| Property, plant and equipment | 11M | 10M | 8M | 8M | — | 7M | — | — |
| Goodwill | 64M | 64M | 64M | 64M | — | 62M | — | — |
| Total assets | 729M | 745M | 770M | 694M | — | 673M | — | — |
| Current liabilities | 414M | 362M | 357M | 314M | — | 249M | — | — |
| Total liabilities | 417M | 366M | 362M | 320M | — | 257M | — | — |
| Equity | 112M | 179M | 208M | 174M | −308M | −435M | −462M | −463M |
| Shares outstanding | — | 0 | 0 | 0 | — | 16M | — | — |
| Shares issued | — | 0 | 0 | 0 | — | 16M | — | — |
| 0 |
| Financing cash flow | −150M | −2M |