| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (38.0) | (42.6) | (60.7) | (147.7) | (176.2) | (322.8) | −83.2% | |
| Depreciation & amortization | 0.1 | 0.2 | 0.5 | 0.7 | 1.1 | 1.0 | −6.4% | |
| Stock-based compensation | 0.0 | 0.8 | (1.2) | 8.2 | 20.2 | 0.0 | −100.0% | |
| Change in working capital | 9.7 | (0.7) | (2.0) | 21.3 | 1.4 | 3.5 | +146.5% | |
| Operating cash flow | (29.8) | (45.7) | (53.9) | (100.0) | (154.1) | (155.7) | −1.1% | |
| Capital expenditure | (0.9) | (1.6) | (0.3) | (0.3) | (0.6) | (0.1) | +78.8% | |
| Acquisitions | 0.6 | 0.3 | (2.9) | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (0.6) | (1.5) | (12.0) | (10.5) | 15.8 | (13.2) | −183.6% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 23.5 | 19.1 | (9.7) | 15.2 | 37.5 | (56.3) | −250.2% | |
| Financing cash flow | 49.9 | 78.5 | 32.2 | 340.6 | 28.2 | 531.9 | +1785.8% | |
| Free cash flow | (30.7) | (47.3) | (54.3) | (100.3) | (154.7) | (155.8) | −0.7% | |
| Net change in cash | 19.5 | 31.4 | (33.8) | 225.0 | (107.7) | 389.4 | +461.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in EUR; the shares trade in USD.
