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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
|---|---|---|---|
| Revenue | 1.97B | 1.26B | 689M |
| Cost of revenue | 1.80B | 1.15B | 626M |
| Gross profit | 166M | 115M | 63M |
| Research and development | 17M | 12M | 7M |
| Selling, general and administrative | 74M | 61M | 43M |
| Operating expenses | 175M | 140M | 89M |
| Operating income | −9M | −25M | −26M |
| Pre-tax income | −9M | −26M | — |
| Income tax | −740,000 | — | — |
| Net income | −8M | −27M | −28M |
| Earnings per share | −0.04 | −0.14 | −0.15 |
| Earnings per share, diluted | −0.04 | −0.14 | −0.15 |
| Weighted average shares | 220M | 191M | 178M |
| Weighted average shares, diluted | 220M | 191M | 178M |
| Metric | 18 Aug 2026 | 31 Dec 2025 | 31 Dec 2024 | 30 Apr 2024 | 31 Dec 2023 | 31 May 2023 | 31 Dec 2022 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | 33M | 23M | — | 15M | — | — |
| Short-term investments | — | 17M | 9M |
| Metric | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
|---|---|---|---|
| Operating cash flow | 66M | 49M | 19M |
| Depreciation and amortisation | 2M | 1M | 1M |
| Share-based compensation | 68M | 53M | 38M |
| Capital expenditure | 1M | 1M | 629,000 |
| Investing cash flow |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| — |
| — |
| — |
| — |
| Receivables | — | 20M | 14M | — | 6M | — | — |
| Current assets | — | 106M | 73M | — | 51M | — | — |
| Property, plant and equipment | — | 2M | 2M | — | 2M | — | — |
| Goodwill | — | 9M | 9M | — | 9M | — | 10M |
| Total assets | — | 127M | 87M | — | 65M | — | — |
| Current liabilities | — | 75M | 54M | — | 27M | — | — |
| Total liabilities | — | 75M | 54M | — | 27M | — | — |
| Equity | — | 52M | 32M | — | 37M | — | 29M |
| Shares outstanding | — | 210M | 202M | 189M | 183M | 180M | — |
| Shares issued | — | 210M | 203M | 189M | 184M | — | — |
| Treasury shares | — | 0 | 442,000 | — | 175,000 | — | 6M |
| −14M |
| 4M |
| −7M |
| Share buybacks | 39M | 36M | — |
| Financing cash flow | −40M | −33M | −3M |