| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | Trend | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 78.0 | 383.0 | 112.0 | 117.0 | 258.0 | 247.0 | 117.0 | −52.6% | |
| Cost of revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10.0 | 9.0 | −10.0% | |
| Gross profit | 78.0 | 383.0 | 112.0 | 117.0 | 258.0 | 237.0 | 108.0 | −54.4% | |
| Research & development | 159.0 | 257.0 | 288.0 | 340.0 | 448.0 | 523.0 | 497.0 | −5.0% | |
| Selling, general & administrative | 43.0 | 72.0 | 104.0 | 117.0 | 120.0 | 110.0 | — | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 202.0 | 329.0 | 392.0 | 457.0 | 588.0 | 623.0 | 601.0 | −3.5% | |
| Operating income | (124.0) | 54.0 | (280.0) | (340.0) | (330.0) | (386.0) | (486.0) | −25.9% | |
| Interest expense | 0.0 | 0.0 | 2.0 | 2.0 | 4.0 | 8.0 | 11.0 | +37.5% | |
| Interest income | 1.0 | 1.0 | 16.0 | 41.0 | 52.0 | 41.0 | — | — | |
| Other income / expense | 1.0 | 1.0 | 14.0 | 39.0 | 47.0 | 33.0 | — | — | |
| Pre-tax income | (123.0) | 55.0 | (266.0) | (301.0) | (283.0) | (353.0) | (460.0) | −30.3% | |
| Income tax | 0.0 | 2.0 | 1.0 | 6.0 | 1.0 | 0.0 | 0.0 | — | |
| Net income | (123.0) | 53.0 | (267.0) | (307.0) | (283.0) | (353.0) | (460.0) | −30.3% | |
| 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 | 1.0 | 0.0 | — | — | |
| EPS, basic (per share) | (2.13) | 0.76 | (3.71) | (4.15) | (3.14) | (3.29) | (3.90) | −18.7% | |
| EPS, diluted (per share) | (2.13) | 0.71 | (3.71) | (4.15) | (3.14) | (3.29) | (3.90) | −18.7% | |
| EBITDA | (120.0) | 59.0 | (258.0) | (291.0) | (269.0) | (335.0) | (467.0) | −39.4% | |
| Depreciation & amortization | 3.0 | 4.0 | 6.0 | 8.0 | 10.0 | 10.0 | 10.0 | +0.0% | |
| Weighted average shares (shares) | 54,787,118 | 69,345,490 | 72,000,000 | 74,000,000 | 90,100,000 | 107,400,000 | — | — | |
| Weighted average diluted shares (shares) | 54,787,118 | 73,966,267 | 72,000,000 | 74,000,000 | 90,100,000 | 107,400,000 | — | — | |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 96.0% | 92.3% | −3.6 pts | |
| Operating margin | −159.0% | 14.1% | −250.0% | −290.6% | −127.9% | −156.3% | −415.4% | −259.1 pts | |
| Net margin | −157.7% | 13.8% | −238.4% | −262.4% | −109.7% | −142.9% | −393.2% | −250.2 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.
