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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 2M | 0 |
| Cost of revenue | 1M | 0 |
| Gross profit | 195,000 | 0 |
| Research and development | 16M | 6M |
| Selling, general and administrative | 43M | 9M |
| Operating income | −60M | −16M |
| Pre-tax income | −299M | −16M |
| Income tax | −160,000 | 0 |
| Net income | −298M | −16M |
| Earnings per share | −3.31 | −0.40 |
| Earnings per share, diluted | −3.31 | −0.40 |
| Weighted average shares | 98M | 60M |
| Weighted average shares, diluted | 98M | 60M |
| Metric | 31 Mar 2026 | 31 Dec 2025 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 31 Dec 2024 | 30 Sept 2024 | 31 Aug 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 1.75B | 360M | 258M | 122M | 23M | 17M | 23M | — |
| Receivables | 6M | 4M |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −49M | −13M |
| Depreciation and amortisation | 573,000 | 235,000 |
| Share-based compensation | 9M | 2M |
| Capital expenditure | 37M | 3M |
| Investing cash flow | −140M | −3M |
| Share buybacks |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| — |
| — |
| 0 |
| — |
| — |
| Inventory | 28M | 19M | — | — | — | 0 | — | — |
| Current assets | 1.79B | 385M | 259M | 124M | 26M | 22M | 222,948 | — |
| Property, plant and equipment | — | — | — | — | 30M | 27M | — | — |
| Goodwill | 135M | 135M | — | — | — | 0 | — | — |
| Total assets | 2.13B | 695M | 323M | 180M | 77M | 69M | 269M | — |
| Current liabilities | 49M | 38M | 16M | 8M | 7M | 7M | 3M | — |
| Total liabilities | 246M | 192M | 369M | 286M | 97M | 15M | 16M | — |
| Equity | 1.88B | 494M | −59M | −132M | −53M | 34M | 40M | — |
| Shares outstanding | 218M | 148M | 114M | 96M | 82M | 60M | — | 82M |
| Shares issued | — | 148M | — | — | 82M | 60M | — | — |
| 247M |
| Financing cash flow | 532M | 20M |