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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Mar 2026 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | 0 | 0 |
| Research and development | 344M | 263M | 224M | 206M | 152M | 135M |
| Selling, general and administrative | 101M | 53M | 41M | 35M | 24M | 22M |
| Operating expenses | 445M | 315M | 265M | 241M | 176M | 157M |
| Operating income | −445M | −315M | −265M | −241M | −176M | −157M |
| Pre-tax income | −454M | −305M | −248M | −213M | −156M | −133M |
| Income tax | — | — | — | — | 0 | 0 |
| Net income | −454M | −305M | −248M | −213M | −156M | −133M |
| Earnings per share | −2.29 | −1.61 | −1.31 | −1.13 | −0.94 | −0.81 |
| Earnings per share, diluted | −2.29 | −1.61 | −1.31 | −1.13 | −0.94 | −0.81 |
| Weighted average shares | 198M | 189M | 189M | 188M | 167M | 165M |
| Weighted average shares, diluted | 198M | 189M | 189M | 188M | 167M | 165M |
| 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 | 441M | 384M | 217M | 402M | 334M | 543M | 201M | 276M |
| Short-term investments | 1.47B | 1.64B |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|
| Operating cash flow | −354M | −194M | — | — |
| Depreciation and amortisation | 2M | 2M | 2M | 2M |
| Share-based compensation | 87M | 25M | — |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 1.71B |
| 1.73B |
| 1.77B |
| 1.75B |
| 1.35B |
| 1.32B |
| Current assets | 1.97B | 2.08B | 1.98B | 2.18B | 2.13B | 2.33B | 1.58B | 1.62B |
| Property, plant and equipment | 31M | 33M | 33M | 33M | 27M | 24M | 25M | 25M |
| Goodwill | 15M | 15M | 15M | 15M | 15M | 15M | 15M | 15M |
| Total assets | 2.25B | 2.35B | 2.25B | 2.43B | 2.37B | 2.56B | 1.76B | 1.81B |
| Current liabilities | 290M | 290M | 246M | 185M | 159M | 164M | 111M | 105M |
| Total liabilities | 754M | 723M | 655M | 564M | 287M | 293M | 197M | 190M |
| Equity | 1.50B | 1.63B | 1.60B | 1.87B | 2.08B | 2.27B | 1.57B | 1.62B |
| Shares outstanding | 200M | 197M | 190M | 187M | 186M | 186M | 168M | 166M |
| Shares issued | 200M | 197M | 190M | 187M | 186M | 186M | 173M | 171M |
| Capital expenditure | 2M | 3M | — | — |
| Investing cash flow | 173M | −16M | — | — |
| Financing cash flow | 239M | 874,000 | — | — |