| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.0 | 0.0 | 50.0 | 270.6 | 385.7 | 638.5 | +65.5% | |
| Cost of revenue | 0.1 | 1.2 | 10.8 | 32.9 | 41.3 | 47.5 | +15.1% | |
| Gross profit | (0.1) | (1.2) | 39.3 | 237.7 | 344.4 | 591.0 | +71.6% | |
| Research & development | 70.2 | 58.0 | 57.7 | 97.5 | 186.5 | 183.3 | −1.8% | |
| Selling, general & administrative | 28.9 | 65.6 | 157.6 | 323.1 | 410.3 | 570.6 | +39.1% | |
| Selling & marketing | 0.0 | 0.0 | 35.3 | 100.3 | 101.2 | 0.0 | −100.0% | |
| Operating expenses | 99.1 | 123.6 | 215.3 | 420.6 | 596.9 | 760.3 | +27.4% | |
| Operating income | (99.1) | (124.7) | (176.0) | (182.9) | (252.4) | (169.2) | +33.0% | |
| Interest expense | 2.6 | 5.7 | 7.3 | 6.5 | 21.6 | 15.9 | −26.2% | |
| Interest income | 2.6 | 5.7 | 7.3 | 0.0 | 15.0 | 9.4 | −37.6% | |
| Other income / expense | (3.8) | (5.7) | (11.1) | (55.4) | (34.7) | (14.5) | +58.3% | |
| Pre-tax income | (103.0) | (130.4) | (187.1) | (238.3) | (287.1) | (183.7) | +36.0% | |
| Income tax | (0.1) | (0.0) | (0.0) | 1.0 | 0.1 | (0.5) | −723.5% | |
| Net income | (102.9) | (130.4) | (187.1) | (239.2) | (287.2) | (183.2) | +36.2% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (2.77) | (3.47) | (4.60) | (5.27) | (5.99) | (3.68) | +38.6% | |
| EPS, diluted (per share) | (2.77) | (3.47) | (4.60) | (5.27) | (5.99) | (3.68) | +38.6% | |
| EBITDA | (100.3) | (123.6) | (174.2) | (225.0) | (257.6) | (160.2) | +37.8% | |
| Depreciation & amortization | 0.1 | 1.2 | 5.6 | 6.8 | 8.0 | 9.1 | +13.9% | |
| Weighted average shares (shares) | 37,206,928 | 37,618,599 | 40,655,941 | 45,396,213 | 47,914,253 | 49,747,178 | +3.8% | |
| Weighted average diluted shares (shares) | 37,206,928 | 37,618,599 | 40,655,941 | 45,425,212 | 47,914,253 | 49,747,178 | +3.8% | |
| Gross margin | — | — | 78.5% | 87.8% | 89.3% | 92.6% | +3.3 pts | |
| Operating margin | — | — | −351.7% | −67.6% | −65.5% | −26.5% | +38.9 pts | |
| Net margin | — | — | −374.0% | −88.4% | −74.5% | −28.7% | +45.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
