| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | Trend | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 76.7 | 313.8 | 477.7 | 251.5 | 227.0 | 170.2 | 111.9 | −34.3% | |
| Cost of revenue | 15.6 | 129.7 | 204.2 | 54.0 | 38.5 | 31.5 | 60.9 | +93.0% | |
| Gross profit | 61.0 | 184.1 | 273.5 | 197.5 | 188.5 | 138.6 | 38.7 | −72.1% | |
| Research & development | 159.8 | 1,149.7 | 1,052.6 | 580.6 | 424.1 | 243.8 | 215.6 | −11.6% | |
| Selling, general & administrative | 38.3 | 863.0 | 1,429.8 | 385.0 | 246.2 | 183.3 | — | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 198.1 | 2,012.6 | 2,482.4 | 1,061.9 | 748.3 | 453.9 | 386.7 | −14.8% | |
| Operating income | (137.0) | (1,828.5) | (2,209.0) | (864.4) | (559.8) | (315.3) | (290.7) | +7.8% | |
| Interest expense | 2.4 | 2.4 | 0.1 | 0.1 | 0.1 | 0.0 | — | — | |
| Interest income | 2.6 | 0.8 | 20.3 | 57.2 | 38.6 | 22.6 | — | — | |
| Other income / expense | 12.2 | (9.7) | 87.6 | (28.5) | 12.2 | 1.7 | — | — | |
| Pre-tax income | (124.8) | (1,838.1) | (2,121.4) | (892.9) | (547.5) | (313.6) | (295.5) | +5.8% | |
| Income tax | 1.9 | (1.5) | (15.0) | (0.1) | (0.5) | (0.8) | (0.6) | +29.0% | |
| Net income | (126.6) | (1,830.0) | (2,104.9) | (892.9) | (547.0) | (312.8) | 21.6 | +106.9% | |
| 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) | (3.97) | (53.83) | (50.15) | (18.37) | (10.54) | (5.64) | (5.05) | +10.5% | |
| EPS, diluted (per share) | (4.00) | (55.53) | (50.20) | (18.40) | (10.54) | (5.64) | (5.44) | +3.5% | |
| EBITDA | (108.6) | (1,806.7) | (2,059.7) | (821.3) | (484.4) | (254.6) | (241.4) | +5.2% | |
| Depreciation & amortization | 13.9 | 29.1 | 61.6 | 71.6 | 63.0 | 59.0 | 54.0 | −8.4% | |
| Weighted average shares (shares) | 31,652,250 | 32,953,839 | 41,933,361 | 48,525,489 | 51,894,639 | 55,457,676 | — | — | |
| Weighted average diluted shares (shares) | 31,869,173 | 34,009,325 | 41,995,975 | 48,610,500 | 51,894,639 | 55,457,676 | — | — | |
| Gross margin | 79.6% | 58.7% | 57.3% | 78.5% | 83.0% | 81.5% | 34.6% | −46.9 pts | |
| Operating margin | −178.8% | −582.6% | −462.4% | −343.8% | −246.5% | −185.3% | −259.9% | −74.6 pts | |
| Net margin | −165.2% | −583.1% | −440.6% | −355.1% | −240.9% | −183.8% | 19.4% | +203.2 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.
