Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 223.9M | — | 151.3M | 126.8M | 3.0M |
| Cost of Revenue | 224.5M | 81.2M | 123.2M | 50.3M | 748.0K |
| Gross Profit | (620.0K) | (81.2M) | 28.1M | 76.5M | 2.3M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 46.6M | 36.4M | 32.7M | 85.2M | 70.8M |
| General & Admin Expense | 46.6M | 36.4M | 32.7M | 85.2M | 70.8M |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | (74.1M) | — | 39.2M | 11.5M | (31.1M) |
| Total Operating Expenses | (27.5M) | 36.4M | 71.8M | 96.6M | 39.7M |
| Cost and Expenses | 122.7M | 117.6M | 195.0M | 147.0M | 40.5M |
| Operating Income (EBIT) | (155.5M) | (117.6M) | (43.7M) | (20.1M) | (37.4M) |
| Non-Operating | |||||
| Interest Income | 86.4M | 19.5M | 3.4M | 164.0K | 215.0K |
| Interest Expense | 97.6M | (36.6M) | 1.7M | 2.0M | 137.0K |
| Net Interest Income | (59.3M) | — | 1.7M | (1.8M) | 78.0K |
| Other Non-Op Income/Expense | (965.0M) | (705.6M) | (618.0K) | (2.1M) | 208.0K |
| Non-Operating Income (excl Interest) | 90.9M | — | (1.1M) | 96.0K | (345.0K) |
| EBT (Pre-Tax Income) | (1.1B) | (823.2M) | (44.3M) | (22.2M) | (37.2M) |
| Income Tax Expense | (1.2M) | (956.0K) | 318.0K | 3.6M | 1.8M |
| Bottom Line | |||||
| Net Income | (1.1B) | (822.2M) | (44.6M) | (25.8M) | (39.1M) |
| Earnings from Cont. Ops | (1.1B) | (822.2M) | (44.6M) | (25.8M) | (39.1M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (1.1B) | (822.2M) | (44.6M) | (25.8M) | (39.1M) |
| Per Share | |||||
| Basic EPS | ($2.87) | ($2.15) | ($0.14) | ($0.10) | ($0.16) |
| Diluted EPS | ($2.87) | ($2.15) | ($0.14) | ($0.10) | ($0.16) |
| Revenue Per Share | $0.55 | $0.00 | $0.47 | $0.50 | $0.01 |
| Shares | |||||
| Basic Shares Outstanding | 409.4M | 381.6M | 323.1M | 252.4M | 248.2M |
| Diluted Shares Outstanding | 409.4M | 381.6M | 323.1M | 252.4M | 248.2M |
| Profitability Metrics | |||||
| EBITDA | (788.1M) | (1.1B) | 61.1M | 39.7M | (31.9M) |
| D&A | (247.5M) | (199.0M) | 103.7M | 59.9M | 5.2M |
| EBIT | (251.4M) | — | (42.6M) | (20.2M) | (37.1M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026