| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $61.3M-84.0% | $383.2M+199.3% | $128.0M-67.5% | $393.6M-33.9% | $595.1M+8134.1% | $7.2M |
| Short-term investments | $233.3M+135.7% | $99.0M-23.0% | $128.5M | $0 | — | — |
| Tax incentive receivable | $53.9M+23.2% | $43.8M+15.7% | $37.8M+56.5% | $24.2M+57.0% | $15.4M+484.6% | $2.6M |
| Prepaid expenses and other current assets | $19.4M+85.2% | $10.5M-49.5% | $20.7M+4.0% | $19.9M+8.9% | $18.3M+1302.3% | $1.3M |
| Total current assets | $367.9M-31.4% | $536.4M+70.2% | $315.1M-28.0% | $437.7M-30.4% | $628.8M+5531.7% | $11.2M |
| Long-term investments | $282.5M | $0 | — | — | — | — |
| Property and equipment, net | $807K+8.5% | $744K-28.4% | $1.0M-11.0% | $1.2M+621.0% | $162K | $0 |
| Operating lease right-of-use assets | $10.0M-8.8% | $11.0M-7.6% | $11.9M | $0 | — | — |
| Deferred tax asset | $24.8M-6.8% | $26.6M-10.3% | $29.6M+744.2% | $3.5M | — | — |
| Other non-current assets | $1.4M-29.6% | $2.0M-19.9% | $2.6M+35.9% | $1.9M+169.0% | $699K+26.6% | $552K |
| Total assets | $687.5M+19.2% | $576.8M+60.1% | $360.2M-18.9% | $444.3M-29.4% | $629.6M+5273.7% | $11.7M |
| Accounts payable | $7.6M+6.1% | $7.1M-39.5% | $11.8M-14.6% | $13.8M+71.6% | $8.1M+681.5% | $1.0M |
| Accrued expenses and other current liabilities | $35.4M-30.5% | $50.9M+84.5% | $27.6M+12.5% | $24.5M+47.8% | $16.6M+1482.9% | $1.0M |
| Total current liabilities | $42.9M-26.0% | $58.0M+47.3% | $39.4M+2.7% | $38.3M+55.6% | $24.6M+185.9% | $8.6M |
| Long term debt (Note 6) | $110.1M+1.1% | $108.9M+43.9% | $75.7M+8.5% | $69.8M-7.8% | $75.7M | $0 |
| Operating lease liabilities | $7.6M-8.6% | $8.3M-6.8% | $8.9M | $0 | — | — |
| Other noncurrent liabilities | $29K+0.0% | $29K+0.0% | $29K | $0-100.0% | $43K | $0 |
| Total liabilities | $160.6M-8.3% | $175.3M+41.3% | $124.0M+14.7% | $108.1M-21.7% | $138.1M+1502.1% | $8.6M |
| Ordinary shares: £0.002 nominal value: 184,469,623 shares authorized; 149,228,068 shares issued and outstanding at December 31, 2025 and 132,631,587shares issued and outstanding at December 31, 2024 | $405K+12.8% | $359K+31.5% | $273K+3.0% | $265K+5.2% | $252K | — |
| Additional paid-in capital | $1.71B+23.4% | $1.39B+40.3% | $987.4M+5.1% | $939.3M+7.2% | $876.3M | — |
| Accumulated other comprehensive income | $2.7M-35.6% | $4.2M+182.2% | $1.5M+199.7% | -$1.5M-317.6% | $688K | — |
| Accumulated deficit | -$1.19B-20.0% | -$988.7M-31.3% | -$752.9M-25.1% | -$601.9M-56.1% | -$385.7M | — |
| Total shareholders’ equity | $526.9M+31.2% | $401.5M+70.0% | $236.2M-29.7% | $336.2M-31.6% | $491.6M | — |
| Total liabilities and shareholders’ equity | $687.5M+19.2% | $576.8M+60.1% | $360.2M-18.9% | $444.3M-29.4% | $629.6M+5273.7% | $11.7M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.