| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 227.5 | 78.4 | 75.5 | 116.3 | 332.3 | 403.1 | +21.3% | |
| Cost of revenue | 2.9 | 14.8 | 27.5 | 129.4 | 68.6 | 129.2 | +88.4% | |
| Gross profit | 224.6 | 63.6 | 48.0 | (13.0) | 263.7 | 273.9 | +3.9% | |
| Research & development | 146.9 | 106.0 | 118.9 | 86.1 | 46.2 | 47.9 | +3.5% | |
| Selling, general & administrative | 199.1 | 171.7 | 108.6 | 142.5 | 163.1 | 165.8 | +1.7% | |
| Selling & marketing | 19.3 | 13.7 | 11.3 | 15.6 | 25.5 | 0.0 | −100.0% | |
| Operating expenses | 346.0 | 290.3 | 227.5 | 142.5 | 209.3 | 213.6 | +2.1% | |
| Operating income | (121.4) | (226.7) | (179.5) | (155.6) | 54.4 | 60.3 | +10.8% | |
| Interest expense | 22.7 | 46.4 | 56.8 | 59.0 | 59.3 | 84.6 | +42.8% | |
| Interest income | 0.6 | 0.1 | 2.6 | 4.8 | 7.6 | 3.5 | −53.9% | |
| Other income / expense | (22.2) | (42.4) | (54.2) | (53.7) | (106.1) | (81.1) | +23.6% | |
| Pre-tax income | (143.6) | (269.1) | (233.7) | (209.2) | (51.7) | (20.8) | +59.7% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.8 | — | |
| Net income | (143.6) | (269.1) | (233.7) | (209.2) | (51.7) | (22.7) | +56.2% | |
| 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) | (5.23) | (9.31) | (3.52) | (2.03) | (0.28) | (0.11) | +60.7% | |
| EPS, diluted (per share) | (5.23) | (9.31) | (3.52) | (2.03) | (0.28) | (0.11) | +60.7% | |
| EBITDA | (120.8) | (222.1) | (179.0) | (155.4) | 7.6 | 60.4 | +697.7% | |
| Depreciation & amortization | 0.5 | 0.6 | 0.5 | 0.2 | 0.1 | 0.1 | +66.7% | |
| Weighted average shares (shares) | 27,473,873 | 28,902,507 | 66,407,242 | 103,106,616 | 187,181,856 | 207,865,080 | +11.0% | |
| Weighted average diluted shares (shares) | 27,473,873 | 28,902,507 | 66,407,242 | 103,106,616 | 187,181,856 | 207,865,080 | +11.0% | |
| Gross margin | 98.7% | 81.1% | 63.6% | −11.2% | 79.4% | 67.9% | −11.4 pts | |
| Operating margin | −53.3% | −289.0% | −237.8% | −133.7% | 16.4% | 15.0% | −1.4 pts | |
| Net margin | −63.1% | −343.0% | −309.6% | −179.9% | −15.6% | −5.6% | +9.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
