| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | Trend | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 406.8 | 464.7 | 418.9 | 343.4 | 326.5 | 275.5 | 258.8 | −6.0% | |
| Cost of revenue | 284.5 | 347.4 | 442.7 | 354.7 | 284.8 | 267.9 | 250.9 | −6.3% | |
| Gross profit | 122.3 | 117.3 | (23.7) | (11.4) | 41.7 | 7.6 | 8.0 | +4.3% | |
| Research & development | 31.5 | 66.9 | 62.3 | 39.5 | 28.1 | 23.2 | 19.4 | −16.6% | |
| Selling, general & administrative | 133.7 | 209.5 | 239.5 | 212.4 | 171.8 | 217.8 | — | — | |
| Selling & marketing | 0.3 | 12.1 | 20.6 | 17.2 | 8.5 | 0.0 | — | — | |
| Operating expenses | 171.6 | 292.2 | 319.0 | 330.5 | 197.8 | 241.0 | 322.4 | +33.8% | |
| Operating income | (49.3) | (174.9) | (342.8) | (341.9) | (156.1) | (233.3) | (314.4) | −34.7% | |
| Interest expense | 2.6 | 3.6 | 4.0 | 4.0 | 4.1 | 14.0 | 24.3 | +73.3% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3.5 | — | — | |
| Other income / expense | (3.3) | (7.1) | (23.3) | 3.8 | (4.1) | 453.3 | — | — | |
| Pre-tax income | (52.7) | (182.0) | (366.1) | (338.1) | (160.3) | 220.0 | 289.1 | +31.4% | |
| Income tax | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | −100.0% | |
| Net income | (52.8) | (182.1) | (366.1) | (338.1) | (160.3) | 219.9 | 289.1 | +31.5% | |
| 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) | (0.85) | (2.84) | (5.46) | (5.26) | (2.43) | 1.15 | 23.68 | +1958.8% | |
| EPS, diluted (per share) | (0.85) | (2.84) | (5.46) | (5.26) | (2.43) | (1.83) | (10.17) | −455.5% | |
| EBITDA | (29.6) | (137.5) | (292.9) | (205.5) | (125.5) | 265.9 | (264.4) | −199.4% | |
| Depreciation & amortization | 13.3 | 21.7 | 32.6 | 48.1 | 23.1 | 32.8 | 30.7 | −6.5% | |
| Weighted average shares (shares) | 62,290,445 | 63,172,368 | 63,622,432 | 64,300,099 | 66,004,815 | 155,266,711 | — | — | |
| Weighted average diluted shares (shares) | 62,290,445 | 63,172,368 | 63,622,432 | 64,300,099 | 66,004,815 | 181,324,268 | — | — | |
| Gross margin | 30.1% | 25.2% | −5.7% | −3.3% | 12.8% | 2.8% | 3.1% | +0.3 pts | |
| Operating margin | −12.1% | −37.6% | −81.8% | −99.6% | −47.8% | −84.7% | −121.5% | −36.8 pts | |
| Net margin | −13.0% | −39.2% | −87.4% | −98.5% | −49.1% | 79.8% | 111.7% | +31.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
TTM ends 2026-06-27 and uses four consecutive reported quarters.
