| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (229.6) | (93.3) | 37.5 | (94.6) | 15.2 | (188.7) | −1339.9% | |
| Depreciation & amortization | 4.4 | 5.3 | 7.0 | 7.2 | 12.2 | 11.9 | −2.6% | |
| Stock-based compensation | 23.0 | 26.4 | 22.6 | 20.7 | 17.6 | 0.0 | −100.0% | |
| Change in working capital | (25.3) | (31.7) | 37.3 | 81.6 | (163.9) | (42.2) | +74.2% | |
| Operating cash flow | (85.6) | (81.8) | 100.1 | 18.2 | (158.0) | (169.7) | −7.4% | |
| Capital expenditure | (7.5) | (5.7) | (6.2) | (31.0) | (16.5) | (6.3) | +61.8% | |
| Acquisitions | 0.1 | 0.6 | (199.9) | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (15.9) | 7.5 | (209.8) | (31.4) | (152.4) | 196.7 | +229.1% | |
| 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 | (2.1) | (2.7) | (2.8) | (3.8) | (2.0) | 0.0 | +100.0% | |
| Financing cash flow | 207.9 | (2.6) | 123.7 | 84.5 | 319.7 | 93.5 | −70.7% | |
| Free cash flow | (93.1) | (87.4) | 93.9 | (12.7) | (174.5) | (176.0) | −0.8% | |
| Net change in cash | 104.2 | (74.5) | 15.5 | 70.0 | 18.3 | 137.1 | +650.3% |
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.
