| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | Trend | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.1 | 2.5 | 0.7 | 7.3 | 4.7 | 1.2 | 2.9 | +137.7% | |
| Cost of revenue | 1.4 | 0.0 | 0.1 | 2.8 | 7.5 | 18.5 | 21.1 | +13.5% | |
| Gross profit | 1.7 | 2.5 | 0.6 | 4.5 | (2.8) | (17.3) | (18.2) | −4.9% | |
| Research & development | 9.8 | 24.1 | 30.4 | 56.7 | 49.0 | 31.7 | 46.8 | +47.6% | |
| Selling, general & administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 20.3 | — | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 15.3 | 46.4 | 54.5 | 93.4 | 82.7 | 52.0 | 83.8 | +60.9% | |
| Operating income | (13.6) | (43.9) | (53.9) | (88.9) | (85.5) | (69.4) | (101.9) | −46.9% | |
| Interest expense | 0.0 | 0.0 | 0.1 | 0.1 | 4.5 | 18.5 | 8.2 | −55.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Other income / expense | (0.0) | 0.7 | 0.8 | 7.2 | (10.9) | (25.7) | — | — | |
| Pre-tax income | (13.6) | (43.2) | (53.1) | (81.7) | (96.4) | (95.1) | (114.1) | −20.0% | |
| Income tax | 0.0 | 0.0 | 0.0 | 1.1 | 0.5 | (0.1) | 0.1 | +234.5% | |
| Net income | (13.6) | (43.2) | (53.1) | (82.8) | (96.9) | (95.0) | (114.2) | −20.2% | |
| 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) | (0.10) | (0.27) | (0.32) | (0.45) | (0.46) | (0.35) | (3.64) | −941.1% | |
| EPS, diluted (per share) | (0.10) | (0.27) | (0.32) | (0.45) | (0.46) | (0.35) | (3.64) | −941.1% | |
| EBITDA | (13.6) | (42.2) | (52.3) | (83.1) | (71.0) | (70.7) | (92.5) | −30.8% | |
| Depreciation & amortization | 0.5 | 1.0 | 0.7 | 5.2 | 4.2 | 5.8 | 8.2 | +41.1% | |
| Weighted average shares (shares) | 139,829,000 | 160,662,000 | 165,958,000 | 182,802,000 | 209,510,000 | 273,136,000 | — | — | |
| Weighted average diluted shares (shares) | 139,829,000 | 160,662,000 | 165,958,000 | 182,802,000 | 209,510,000 | 273,136,000 | — | — | |
| Gross margin | 54.8% | 99.9% | 84.9% | 61.8% | −60.3% | −1,435.4% | −633.0% | +802.4 pts | |
| Operating margin | −440.6% | −1,754.8% | −8,116.0% | −1,224.3% | −1,821.1% | −5,743.8% | −3,549.3% | +2194.5 pts | |
| Net margin | −441.2% | −1,728.0% | −7,995.6% | −1,141.2% | −2,063.8% | −7,862.7% | −3,976.7% | +3886.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
TTM ends 2026-06-30 and uses four consecutive reported quarters.
