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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Research and development | 59M | 27M |
| Selling, general and administrative | 80M | 26M |
| Operating expenses | 139M | 53M |
| Operating income | −139M | −53M |
| Pre-tax income | −110M | −73M |
| Income tax | −5M | 683,000 |
| Net income | −106M | −74M |
| Earnings per share | −0.72 | −0.74 |
| Earnings per share, diluted | −0.72 | −0.74 |
| Weighted average shares | 146M | 99M |
| Weighted average shares, diluted | 146M | 99M |
| 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 | 1.59B | 788M | 410M | 227M | 90M | 97M | 92M | 106M |
| Short-term investments | — |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −82M | −38M |
| Depreciation and amortisation | 522,000 | 268,000 |
| Share-based compensation | 42M | 12M |
| Capital expenditure | 33M | 352,000 |
| Investing cash flow | −490M | −176M |
| Financing cash flow | 1.26B |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
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| — |
| — |
| — |
| — |
| 130M |
| Current assets | 2.23B | 1.25B | 932M | 543M | 205M | 232M | 235M | 239M |
| Property, plant and equipment | 96M | 42M | 11M | 4M | 1M | 1M | 679,870 | 637,731 |
| Goodwill | 7M | 7M | 7M | 7M | 7M | 0 | — | — |
| Total assets | 2.70B | 1.53B | 1.25B | 731M | 302M | 282M | 294M | 299M |
| Current liabilities | 37M | 26M | 14M | 8M | 6M | 5M | 5M | 5M |
| Total liabilities | 65M | 52M | 41M | 35M | 33M | 31M | 31M | 30M |
| Equity | 2.64B | 1.48B | 1.21B | 696M | 269M | 251M | 263M | 269M |
| Shares outstanding | 174M | 161M | 156M | 148M | 139M | 138M | 122M | 122M |
| Shares issued | 174M | 161M | 156M | 148M | 139M | 138M | 122M | 122M |
| 301M |