| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | Trend | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.8 | 23.7 | 37.9 | 79.5 | 83.3 | 45.9 | 36.5 | −20.4% | |
| Cost of revenue | 8.1 | 13.1 | 26.0 | 48.4 | 55.0 | 31.7 | 27.3 | −13.7% | |
| Gross profit | 3.7 | 10.7 | 11.9 | 31.1 | 28.3 | 14.2 | (5.0) | −135.2% | |
| Research & development | 13.0 | 27.5 | 50.3 | 68.8 | 76.0 | 49.8 | 53.4 | +7.1% | |
| Selling, general & administrative | 9.5 | 51.4 | 78.4 | 61.6 | 62.9 | 32.7 | — | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 22.5 | 79.2 | 135.6 | 149.2 | 159.0 | 101.5 | 124.5 | +22.7% | |
| Operating income | (18.8) | (68.5) | (123.6) | (118.1) | (130.7) | (87.3) | (115.3) | −32.2% | |
| Interest expense | 0.2 | 0.3 | 0.0 | 0.0 | 0.2 | 0.9 | — | — | |
| Interest income | 0.0 | 0.0 | 1.4 | 1.3 | 0.0 | 0.0 | — | — | |
| Other income / expense | (0.2) | (84.1) | 173.7 | (28.3) | 45.7 | (29.7) | — | — | |
| Pre-tax income | (19.0) | (152.6) | 50.1 | (146.5) | (84.9) | (116.9) | (313.5) | −168.2% | |
| Income tax | 0.0 | 0.0 | (22.8) | (0.5) | (0.3) | 0.1 | 0.1 | +16.0% | |
| Net income | (19.0) | (152.7) | 73.9 | (145.4) | (84.6) | (117.0) | (313.1) | −167.7% | |
| 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) | (1.17) | (3.90) | 0.56 | (0.86) | (0.46) | (0.57) | (1.33) | −133.9% | |
| EPS, diluted (per share) | (0.60) | (3.90) | 0.51 | (0.86) | (0.46) | (0.57) | (1.33) | −133.9% | |
| EBITDA | (18.3) | (151.9) | 57.9 | (125.5) | (66.8) | (93.7) | (113.1) | −20.7% | |
| Depreciation & amortization | 0.5 | 0.8 | 7.8 | 21.0 | 21.9 | 22.4 | 8.4 | −62.5% | |
| Weighted average shares (shares) | 31,625,000 | 39,167,000 | 133,668,000 | 168,927,000 | 183,723,000 | 205,573,000 | — | — | |
| Weighted average diluted shares (shares) | 16,246,000 | 39,167,000 | 145,743,000 | 168,927,000 | 183,723,000 | 205,573,000 | — | — | |
| Gross margin | 31.4% | 45.0% | 31.5% | 39.1% | 34.0% | 31.0% | −13.7% | −44.7 pts | |
| Operating margin | −158.7% | −288.6% | −325.8% | −148.7% | −156.9% | −190.0% | −315.6% | −125.6 pts | |
| Net margin | −160.7% | −643.3% | 194.8% | −183.0% | −101.6% | −254.7% | −856.9% | −602.1 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.
