| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (33.6) | (49.6) | (54.3) | (110.4) | (184.2) | (340.2) | −84.7% | |
| Depreciation & amortization | 1.9 | (1.3) | 1.7 | 2.6 | 5.2 | 3.2 | −38.0% | |
| Stock-based compensation | 0.9 | 2.1 | 2.2 | 4.0 | 3.6 | 26.8 | +647.7% | |
| Change in working capital | (2.0) | 1.0 | 5.7 | 17.3 | 1.7 | 6.4 | +282.2% | |
| Operating cash flow | (30.6) | (47.6) | (44.9) | (81.6) | (85.9) | (101.0) | −17.5% | |
| Capital expenditure | (0.3) | (0.5) | (0.6) | (0.5) | (0.3) | (0.2) | +28.8% | |
| Acquisitions | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (8.6) | (1.8) | 8.9 | (7.7) | 8.7 | (127.9) | −1562.9% | |
| 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 | 9.9 | (0.0) | 28.4 | (4.1) | 19.9 | (6.0) | −130.0% | |
| Financing cash flow | 111.7 | 25.4 | 37.3 | 29.1 | 145.6 | 232.0 | +59.4% | |
| Free cash flow | (30.9) | (48.2) | (45.5) | (82.2) | (86.3) | (101.2) | −17.3% | |
| Net change in cash | 69.8 | (19.1) | 0.2 | (59.8) | 69.6 | 14.2 | −79.7% |
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.
