| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 29.3 | 60.7 | 27.0 | 251.9 | 144.2 | 516.7 | +258.3% | |
| Cash & short-term investments | 29.3 | 60.7 | 27.0 | 261.0 | 144.2 | 530.4 | +267.8% | |
| Receivables | 6.9 | 9.3 | 8.3 | 19.1 | 15.7 | 10.5 | −33.0% | |
| Inventory | 0.0 | 4.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 36.5 | 74.7 | 36.2 | 286.0 | 170.7 | 551.2 | +223.0% | |
| Property, plant & equipment | 0.1 | 0.1 | 1.6 | 0.9 | 2.7 | 2.1 | −21.6% | |
| Goodwill & intangibles | 32.1 | 32.1 | 25.0 | 25.0 | 25.0 | 25.0 | −0.0% | |
| Long-term investments | 2.6 | 3.5 | 10.5 | 0.0 | 5.1 | 0.0 | −100.0% | |
| Total assets | 71.3 | 110.4 | 75.5 | 327.1 | 205.2 | 584.3 | +184.7% | |
| Payables | 17.4 | 18.6 | 8.2 | 47.2 | 30.7 | 0.0 | −100.0% | |
| Short-term debt | 0.0 | 11.2 | 10.7 | 13.7 | 43.8 | 1.3 | −97.0% | |
| Total current liabilities | 24.9 | 31.5 | 32.1 | 70.0 | 94.0 | 63.0 | −33.0% | |
| Long-term debt | 34.0 | 43.1 | 27.6 | 60.2 | 51.0 | 30.2 | −40.7% | |
| Total debt | 34.0 | 53.4 | 39.7 | 74.5 | 96.2 | 32.1 | −66.6% | |
| Net debt | 4.7 | (7.2) | 12.8 | (177.5) | (48.0) | (484.6) | −909.0% | |
| Deferred revenue | (17.4) | (18.6) | 0.1 | 0.1 | 0.0 | 0.0 | — | |
| Total liabilities | 66.6 | 81.6 | 68.4 | 131.1 | 164.6 | 129.1 | −21.6% | |
| Total equity | 4.7 | 28.8 | 7.2 | 196.0 | 40.6 | 455.2 | +1021.6% | |
| Retained earnings | (37.6) | (78.9) | (143.5) | (282.9) | (438.9) | (738.5) | −68.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
