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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 | 208M | 185M |
| Selling, general and administrative | 176M | 68M |
| Operating expenses | 385M | 252M |
| Operating income | −385M | −252M |
| Net income | −378M | −246M |
| Earnings per share | −3.29 | −2.47 |
| Earnings per share, diluted | −3.29 | −2.47 |
| Weighted average shares | 115M | 100M |
| Weighted average shares, diluted | 115M | 100M |
| 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 | 431M | 324M | 287M | 153M | 138M | 178M | 76M | 93M |
| Short-term investments | 49M | 44M | 83M |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −300M | −201M |
| Depreciation and amortisation | 2M | 2M |
| Share-based compensation | 76M | 37M |
| Capital expenditure | 602,000 | 98,000 |
| Investing cash flow | 219M | −76M |
| Financing cash flow | 228M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 142M |
| 226M |
| 259M |
| 63M |
| 97M |
| Current assets | 515M | 385M | 391M | 319M | 385M | 451M | 153M | 199M |
| Property, plant and equipment | 1M | 2M | 2M | 2M | 3M | 3M | 3M | 4M |
| Total assets | 535M | 404M | 412M | 340M | 408M | 475M | 179M | 227M |
| Current liabilities | 60M | 55M | 62M | 50M | 38M | 47M | 39M | 33M |
| Short-term debt | — | — | — | — | — | — | — | 2M |
| Long-term debt | 197M | 100M | 100M | 50M | 50M | 50M | 50M | 48M |
| Total liabilities | 259M | 159M | 167M | 107M | 95M | 106M | 100M | 93M |
| Equity | 276M | 245M | 245M | 233M | 312M | 369M | 79M | 134M |
| Shares outstanding | 119M | 108M | 99M | 96M | 95M | 94M | 80M | 80M |
| Shares issued | 119M | 108M | 99M | 96M | 95M | 94M | 80M | 80M |
| 353M |