| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | (925.2) | 50.3 | (437.5) | 189.8 | 450.5 | 339.7 | −24.6% | |
| Cost of revenue | 29.4 | 21.1 | 16.9 | 12.3 | 11.9 | 11.3 | −4.8% | |
| Gross profit | (954.6) | 29.3 | (454.5) | 4.2 | 438.6 | 328.4 | −25.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 37.6 | 29.2 | 25.3 | 19.7 | 19.0 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 37.6 | 29.2 | 25.3 | 19.7 | 128.8 | 7.3 | −94.4% | |
| Operating income | (1,481.7) | (80.2) | (331.4) | (15.5) | 309.8 | 321.1 | +3.7% | |
| Interest expense | 106.1 | 10.7 | 71.3 | 238.6 | 0.0 | 219.9 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 295.3 | — | |
| Other income / expense | (192.7) | (9.8) | (71.5) | (0.3) | (249.9) | (219.9) | +12.0% | |
| Pre-tax income | (1,674.4) | (90.0) | (402.9) | (15.9) | 59.9 | 101.3 | +69.1% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | (1,674.4) | (90.0) | (402.9) | (15.9) | 60.3 | 101.3 | +68.0% | |
| 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 | 0.4 | 0.0 | −96.7% | |
| EPS, basic (per share) | (98.93) | (4.82) | (12.21) | (0.85) | 0.65 | 1.53 | +135.4% | |
| EPS, diluted (per share) | (98.93) | (4.82) | (12.21) | (0.85) | 0.65 | 1.53 | +135.4% | |
| EBITDA | (1,481.7) | (80.2) | 71.5 | 222.8 | 309.8 | 321.1 | +3.7% | |
| Depreciation & amortization | 0.0 | 0.0 | 402.9 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 17,373,038 | 27,513,223 | 34,160,080 | 44,073,815 | 53,773,405 | 66,307,379 | +23.3% | |
| Weighted average diluted shares (shares) | 17,373,038 | 27,513,223 | 34,160,080 | 44,073,815 | 53,775,143 | 66,307,379 | +23.3% | |
| Gross margin | 103.2% | 58.1% | 103.9% | 2.2% | 97.4% | 96.7% | −0.7 pts | |
| Operating margin | 160.1% | −159.3% | 75.7% | −8.2% | 68.8% | 94.5% | +25.8 pts | |
| Net margin | 181.0% | −178.8% | 92.1% | −8.4% | 13.4% | 29.8% | +16.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
