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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 944M | 705M |
| Cost of revenue | 16M | 11M |
| Research and development | 916M | 902M |
| Selling, general and administrative | 394M | 267M |
| Operating expenses | 1.33B | 1.18B |
| Operating income | −382M | −475M |
| Interest expense | 17M | 17M |
| Pre-tax income | −380M | −460M |
| Income tax | 2M | −6M |
| Net income | −381M | −454M |
| Earnings per share | −2.38 | −3.04 |
| Earnings per share, diluted | −2.38 | −3.04 |
| Weighted average shares | 160M | 150M |
| Weighted average shares, diluted | 160M | 150M |
| 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 | 173M | 372M | 338M | 297M | 264M | 242M | 335M | 294M |
| Short-term investments | 1.75B | 2.31B |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −269M | −501M |
| Depreciation and amortisation | 10M | 10M |
| Share-based compensation | 134M | 130M |
| Capital expenditure | 51M | 45M |
| Investing cash flow | −278M | −134M |
| Financing cash flow | 676M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 1.90B |
| 1.99B |
| 1.88B |
| 2.06B |
| 2.15B |
| 1.78B |
| Inventory | 6M | 10M | 10M | 8M | 12M | 13M | 28M | 29M |
| Current assets | 2.94B | 2.99B | 2.52B | 2.58B | 2.42B | 2.62B | 2.71B | 2.33B |
| Property, plant and equipment | 142M | 123M | 106M | 112M | 103M | 94M | 83M | 76M |
| Total assets | 3.45B | 3.52B | 3.03B | 2.99B | 2.81B | 3.00B | 3.08B | 2.69B |
| Current liabilities | 717M | 782M | 903M | 897M | 250M | 309M | 305M | 306M |
| Total liabilities | 2.96B | 3.03B | 2.42B | 2.35B | 2.34B | 2.42B | 2.42B | 2.43B |
| Equity | 491M | 489M | 618M | 632M | 476M | 588M | 662M | 264M |
| Shares outstanding | 166M | 163M | 161M | 159M | 159M | 158M | 158M | 146M |
| Shares issued | 166M | 163M | 161M | 159M | 159M | 158M | 158M | 146M |
| 478M |