| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | Trend | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.0 | 0.0 | 6.2 | 7.6 | 23.1 | 31.8 | 35.9 | +12.8% | |
| Cost of revenue | 3.4 | 2.0 | 23.2 | 63.1 | 25.1 | 59.4 | 38.5 | −35.2% | |
| Gross profit | (3.4) | (2.0) | (17.0) | (55.4) | (2.0) | (27.6) | (2.6) | +90.5% | |
| Research & development | 14.4 | 37.9 | 58.1 | 88.4 | 124.5 | 110.3 | 106.8 | −3.2% | |
| Selling, general & administrative | 5.7 | 29.7 | 52.0 | 79.0 | 74.3 | 38.6 | — | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 20.2 | 67.6 | 110.0 | 174.8 | 240.6 | 148.9 | 175.5 | +17.9% | |
| Operating income | (23.5) | (69.5) | (127.1) | (230.3) | (242.7) | (176.6) | (178.2) | −0.9% | |
| Interest expense | 0.1 | 0.2 | 5.2 | 4.5 | 6.8 | 21.6 | 31.7 | +46.8% | |
| Interest income | 0.0 | 0.0 | 5.2 | 14.1 | 12.3 | 13.0 | 19.0 | +46.5% | |
| Other income / expense | (16.1) | (56.4) | 75.4 | 15.5 | 18.7 | 18.6 | — | — | |
| Pre-tax income | (39.7) | (125.9) | (51.6) | (214.8) | (223.9) | (157.9) | (171.0) | −8.3% | |
| Income tax | 0.0 | 0.0 | 0.0 | (0.6) | (1.4) | (1.3) | (0.9) | +34.5% | |
| Net income | (39.7) | (125.9) | (51.6) | (214.1) | (222.2) | (156.7) | (170.0) | −8.5% | |
| 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) | (0.26) | (1.08) | (0.34) | (1.35) | (1.27) | (0.75) | — | — | |
| EPS, diluted (per share) | (0.26) | (1.08) | (0.82) | (1.38) | (1.27) | (0.75) | — | — | |
| EBITDA | (23.0) | (124.2) | (43.7) | (176.3) | (172.2) | (102.6) | (128.4) | −25.1% | |
| Depreciation & amortization | 0.6 | 1.5 | 8.0 | 34.0 | 45.0 | 33.7 | 37.2 | +10.4% | |
| Weighted average shares (shares) | 145,245,628 | 117,218,893 | 152,918,287 | 157,559,138 | 175,038,107 | 207,635,870 | — | — | |
| Weighted average diluted shares (shares) | 145,245,628 | 117,218,893 | 154,149,367 | 158,260,393 | 175,038,107 | 207,635,870 | — | — | |
| Gross margin | — | — | −274.7% | −725.0% | −8.9% | −86.8% | −7.3% | +79.5 pts | |
| Operating margin | — | — | −2,048.7% | −3,012.2% | −1,051.7% | −554.8% | −496.5% | +58.3 pts | |
| Net margin | — | — | −832.3% | −2,800.5% | −963.2% | −492.6% | −473.9% | +18.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
TTM ends 2026-07-05 and uses four consecutive reported quarters.
