| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31.3 | 34.8 | 172.8 | 54.0 | 155.8 | 48.3 | −69.0% | |
| Cost of revenue | 67.1 | 87.6 | 106.8 | 118.7 | 0.0 | 0.0 | — | |
| Gross profit | (35.8) | (52.8) | 66.1 | (64.7) | 155.8 | 48.3 | −69.0% | |
| Research & development | 67.1 | 87.6 | 106.8 | 118.7 | 148.1 | 183.8 | +24.1% | |
| Selling, general & administrative | 34.2 | 33.8 | 36.1 | 38.2 | 46.4 | 51.2 | +10.2% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 101.0 | 121.1 | 142.9 | 155.7 | 194.5 | 230.3 | +18.4% | |
| Operating income | (69.7) | (86.3) | 30.0 | (101.7) | (38.6) | (182.0) | −371.4% | |
| Interest expense | 0.3 | 0.6 | 1.0 | 0.8 | 0.9 | 0.9 | +6.8% | |
| Interest income | 0.9 | 0.1 | 2.5 | 13.8 | 25.0 | 17.2 | −31.3% | |
| Other income / expense | (142.1) | (7.0) | 12.1 | 4.7 | 60.0 | (16.4) | −127.4% | |
| Pre-tax income | (229.6) | (93.3) | 42.0 | (97.0) | 21.3 | (198.4) | −1029.6% | |
| Income tax | (0.3) | 0.0 | 4.6 | 0.0 | 6.1 | (2.0) | −132.5% | |
| Net income | (229.3) | (95.1) | 37.5 | (97.0) | 15.2 | (196.4) | −1390.9% | |
| 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) | (4.78) | (1.51) | 0.55 | (1.20) | 0.14 | (1.54) | −1200.0% | |
| EPS, diluted (per share) | (4.78) | (1.51) | 0.54 | (1.20) | 0.14 | (1.54) | −1200.0% | |
| EBITDA | (207.4) | (87.3) | 50.0 | (88.9) | 34.5 | (185.1) | −637.2% | |
| Depreciation & amortization | 4.1 | 5.5 | 6.8 | 7.2 | 12.2 | 12.4 | +1.4% | |
| Weighted average shares (shares) | 48,001,228 | 62,912,921 | 67,220,824 | 80,546,682 | 108,700,000 | 122,348,434 | +12.6% | |
| Weighted average diluted shares (shares) | 48,001,228 | 62,912,921 | 68,824,906 | 80,546,682 | 106,795,000 | 122,348,434 | +14.6% | |
| Gross margin | −114.7% | −151.9% | 38.2% | −119.8% | 100.0% | 100.0% | +0.0 pts | |
| Operating margin | −223.1% | −248.2% | 17.3% | −188.4% | −24.8% | −377.1% | −352.3 pts | |
| Net margin | −733.8% | −273.5% | 21.7% | −179.6% | 9.8% | −407.0% | −416.8 pts |
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.
