| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | Trend | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.6 | 0.8 | 3.9 | 3.9 | 5.7 | 4.6 | 4.0 | −13.0% | |
| Cost of revenue | 7.8 | 18.4 | 11.8 | 12.7 | 10.8 | 16.3 | 16.0 | −2.1% | |
| Gross profit | (7.2) | (17.6) | (7.9) | (8.9) | (5.1) | (11.7) | (12.0) | −2.2% | |
| Research & development | 8.8 | 9.5 | 17.1 | 19.5 | 16.2 | 19.0 | 21.5 | +13.4% | |
| Selling, general & administrative | 13.3 | 13.6 | 0.0 | 0.0 | 0.0 | 39.6 | — | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 22.3 | 24.8 | 57.7 | 54.6 | 55.0 | 58.5 | 75.9 | +29.7% | |
| Operating income | (29.5) | (42.4) | (65.5) | (63.5) | (60.1) | (70.2) | (75.6) | −7.6% | |
| Interest expense | 10.0 | 17.8 | 0.0 | 3.7 | 9.4 | 12.4 | 9.0 | −27.5% | |
| Interest income | 0.0 | 0.0 | 0.9 | 0.0 | 0.0 | 0.2 | — | — | |
| Other income / expense | (107.8) | (102.2) | 25.4 | (8.0) | (41.6) | (118.8) | — | — | |
| Pre-tax income | (137.3) | (144.6) | (40.1) | (71.5) | (101.7) | (189.1) | (111.6) | +40.9% | |
| Income tax | 0.0 | 0.1 | (0.0) | 0.2 | 0.2 | 0.2 | 0.2 | +8.1% | |
| Net income | (137.3) | (144.7) | (40.1) | (71.7) | (101.9) | (189.3) | (111.9) | +40.9% | |
| 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) | (5.49) | (1.47) | (0.40) | (0.66) | (0.84) | (1.42) | (0.82) | +42.2% | |
| EPS, diluted (per share) | (5.49) | (1.47) | (0.40) | (0.66) | (0.84) | (1.42) | (0.98) | +30.8% | |
| EBITDA | (127.0) | (125.0) | (61.3) | (63.4) | (87.7) | (168.9) | (62.9) | +62.7% | |
| Depreciation & amortization | 0.2 | 1.8 | 3.3 | 4.5 | 4.6 | 7.8 | 7.8 | +0.7% | |
| Weighted average shares (shares) | 25,000,000 | 98,171,667 | 101,029,000 | 107,972,000 | 121,500,000 | 132,866,000 | — | — | |
| Weighted average diluted shares (shares) | 25,000,000 | 98,171,667 | 101,029,000 | 107,972,000 | 121,500,000 | 132,866,000 | — | — | |
| Gross margin | −1,265.6% | −2,310.2% | −200.7% | −230.0% | −90.1% | −256.2% | −301.1% | −44.9 pts | |
| Operating margin | −5,179.1% | −5,560.8% | −1,669.3% | −1,645.0% | −1,060.1% | −1,535.8% | −1,900.4% | −364.6 pts | |
| Net margin | −24,136.4% | −18,960.2% | −1,021.8% | −1,857.5% | −1,797.1% | −4,138.5% | −2,812.5% | +1325.9 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.
