| (in millions of USD, except per-share data) | Q1 FY 27 | Q4 FY 26 | Q3 FY 26 | Q2 FY 26 | Q1 FY 26 | Q4 FY 25 | Q3 FY 25 | Q2 FY 25 | Q1 FY 25 | Q4 FY 24 | Q3 FY 24 | Q2 FY 24 | Q1 FY 24 | Q4 FY 23 | Q3 FY 23 | Q2 FY 23 | Q1 FY 23 | Q4 FY 22 | Q3 FY 22 | Q2 FY 22 | Q1 FY 22 | Q4 FY 21 | Q3 FY 21 | Q2 FY 21 | Q1 FY 21 | Q4 FY 20 | Q3 FY 20 | Q2 FY 20 | Q1 FY 20 | Q4 FY 19 | Q3 FY 19 | Q2 FY 19 | Q1 FY 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||
| Revenues | 1,385.6 | 1,305.4 | 1,234.2 | 1,169.0 | 1,103.4 | 1,058.5 | 1,010.2 | 963.9 | 921.0 | 845.3 | 786.0 | 731.6 | 692.6 | 637.4 | 580.9 | 535.2 | |||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 5,094.2 | 4,812.0 | 3,953.6 | 3,055.6 | 2,241.2 | 1,451.6 | 874.4 | 481.4 | 249.8 | 118.8 |
| Cost of Revenue | 1,273.3 | 1,218.9 | 990.2 | 758.9 | 601.2 | 383.2 | 229.5 | 141.6 | 87.2 | 54.5 |
| Gross Profit | 3,820.9 | 3,593.1 | 2,963.5 | 2,296.6 | 1,640.0 | 1,068.4 | 644.9 | 339.8 | 162.6 | 64.3 |
| Operating Expenses | ||||||||||
| Research & Development | 1,462.2 | 1,384.8 | 1,075.6 | 780.3 | 608.4 | 371.3 | 214.7 | 130.2 | 84.6 | 58.9 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (205.2) | (293.3) | (116.4) | (19.1) | (190.1) | (142.5) | (92.5) | (146.1) | (136.9) | (131.4) |
| Non-Operating | ||||||||||
| Interest Income | 190.1 | 195.0 | 196.2 | 148.9 | 52.5 | 3.8 | 5.0 | - | - | - |
| Interest Expense | 27.4 | 28.0 | 26.3 | 25.8 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | 6.2 | 34.2 | 71.1 | 32.2 | 22.4 | 72.4 | 4.8 | 2.0 | 1.4 | 0.9 |
| Net Income From Continuing Ops | (10.1) | (161.2) | (12.6) | |||||||
| Per Share | ||||||||||
| EPS Basic | (0.12) | (0.65) | (0.06) | 0.30 | (0.79) | (1.03) | (0.43) | (0.96) | - | - |
| EPS Diluted | (0.12) | (0.65) | (0.06) | 0.30 | ||||||
| Supplementary Data | ||||||||||
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT | (205.2) | (293.3) | (116.4) | (19.1) | (190.1) | |||||
| 487.8 |
| 431.0 |
| 380.1 |
| 337.7 |
| 302.8 |
| 264.9 |
| 232.5 |
| 199.0 |
| 178.1 |
| 152.1 |
| 125.1 |
| 108.1 |
| 96.1 |
| 80.5 |
| 66.4 |
| 55.7 |
| 47.3 |
| Cost of Revenue | 342.3 | 313.0 | 307.8 | 310.3 | 287.9 | 272.7 | 255.1 | 237.4 | 225.0 | 211.8 | 195.0 | 182.9 | 169.2 | 175.6 | 158.2 | 140.6 | 126.8 | 112.6 | 101.7 | 90.4 | 78.5 | 66.7 | 61.5 | 54.4 | 46.9 | 43.4 | 37.4 | 31.6 | 29.3 | 27.0 | 22.3 | 18.6 | 19.4 |
| Gross Profit | 1,043.4 | 992.4 | 926.4 | 858.7 | 815.6 | 785.9 | 755.1 | 726.5 | 696.0 | 633.6 | 591.0 | 548.7 | 523.4 | 461.8 | 422.7 | 394.6 | 361.0 | 318.4 | 278.4 | 247.3 | 224.3 | 198.2 | 170.9 | 144.6 | 131.2 | 108.7 | 87.8 | 76.5 | 66.8 | 53.5 | 44.1 | 37.1 | 27.9 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Research & Development | 408.3 | 359.6 | 347.6 | 346.7 | 330.9 | 313.8 | 275.6 | 250.9 | 235.2 | 225.8 | 196.1 | 179.4 | 179.1 | 191.8 | 155.3 | 137.9 | 123.4 | 105.0 | 97.6 | 90.5 | 78.2 | 66.1 | 57.5 | 50.5 | 40.6 | 38.7 | 36.0 | 31.6 | 23.9 | 22.0 | 26.0 | 19.0 | 17.6 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Selling & Marketing | 488.7 | 464.0 | 481.0 | 447.0 | 439.2 | 409.1 | 408.3 | 355.5 | 350.1 | 290.1 | 286.2 | 282.9 | 281.1 | 246.4 | 239.7 | 224.8 | 193.5 | ||||||||||||||||
| General & Administrative | 177.0 | 161.0 | 167.3 | 178.0 | 164.1 | 144.2 | 126.9 | 106.4 | 103.7 | 105.1 | 105.6 | 101.8 | 82.6 | 85.0 | 84.1 | 80.3 | 68.0 | ||||||||||||||||
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Amortization of Intangibles | 12.4 | 8.2 | 7.8 | 7.6 | 7.6 | 7.4 | 6.3 | 6.3 | 6.0 | 5.5 | 4.6 | 4.1 | 4.2 | 4.3 | 4.1 | 4.1 | 4.1 | ||||||||||||||||
| Other Operating Expenses | - | - | 2.2 | (2.7) | (3.9) | - | (0.4) | (1.0) | 7.7 | - | (0.5) | (1.7) | - | - | - | - | - | ||||||||||||||||
| Total Operating Expenses | 1,074.0 | 984.6 | 995.9 | 971.6 | 934.3 | 867.1 | 810.8 | 712.8 | 689.1 | 621.0 | 587.8 | 564.1 | 542.8 | 523.3 | 479.1 | ||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | (30.6) | 7.8 | (69.4) | (113.0) | (118.7) | (81.3) | (55.7) | 13.7 | 6.9 | 12.5 | 3.2 | (15.4) | (19.5) | (61.5) | (56.4) | (48.3) | (23.9) | (23.5) | (40.3) | (47.4) | (31.3) | (15.8) | (24.2) | (30.0) | (22.6) | (31.1) | (38.5) | (50.6) | (25.8) | (31.2) | (42.1) | (30.4) | (33.1) |
| Non-Operating | |||||||||||||||||||||||||||||||||
| Interest Income | 40.5 | 47.9 | 50.9 | 50.9 | 45.4 | 46.6 | 52.2 | 51.5 | 45.9 | 41.7 | 40.1 | 36.6 | 30.5 | 27.0 | 16.2 | 7.7 | 1.5 | - | 1.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 6.1 | 7.6 | 6.9 | 6.8 | 6.7 | 6.7 | 6.6 | 6.5 | 6.5 | 6.4 | 6.5 | 6.4 | 6.4 | 6.4 | 6.3 | 6.3 | 6.3 | 6.3 | |||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Other Non-Operating Income | 35.2 | - | - | - | (3.9) | - | - | - | 7.7 | 3.6 | (0.5) | (1.7) | 0.2 | (2.8) | 0.8 | 3.4 | 1.7 | ||||||||||||||||
| Pre-Tax Income | 39.1 | 51.9 | (23.3) | (71.7) | (83.9) | (42.4) | (10.5) | 57.6 | 53.9 | 51.4 | 36.3 | 13.1 | 4.9 | (43.6) | (45.8) | (43.5) | |||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||
| Income Tax Expense | (6.9) | (3.6) | 10.7 | 6.0 | 21.1 | 46.3 | 6.3 | 10.9 | 7.7 | 13.6 | 9.6 | 4.6 | 4.4 | 5.3 | 8.9 | 4.8 | 3.4 | 13.6 | 4.5 | 4.2 | 50.1 | 2.8 | 0.5 | 0.4 | 1.0 | 0.3 | 0.4 | 0.6 | 0.6 | 0.3 | 0.5 | 0.4 | 0.1 |
| Net Income From Continuing Ops | 46.0 | 55.5 | (34.0) | (77.6) | (105.1) | (88.7) | (16.8) | 46.7 | 46.3 | 37.8 | 26.7 | 8.5 | 0.5 | (48.9) | (54.6) | (48.3) | (30.4) | ||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Net Income | 46.0 | 55.5 | (34.0) | (77.6) | (105.1) | (88.7) | (16.8) | 46.7 | 46.3 | 37.8 | 26.7 | 8.5 | 0.5 | (48.9) | (54.6) | (48.3) | (30.4) | ||||||||||||||||
| Net Income Attributable To Parent | 27.8 | 53.4 | (34.0) | (77.7) | (104.3) | (88.3) | (16.8) | 47.0 | 42.8 | 36.6 | 26.7 | 8.5 | 0.5 | (47.5) | (55.0) | (49.3) | |||||||||||||||||
| Less: Minority Interest | 18.2 | 2.1 | 0.0 | 0.0 | (0.8) | (0.4) | 0.0 | (0.3) | 3.4 | 1.2 | 0.0 | 0.0 | 0.0 | (1.5) | 0.3 | 1.0 | 1.1 | ||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Net Income To Common Shareholders | 27.8 | 53.4 | (34.0) | (77.7) | (104.3) | (88.3) | (16.8) | 47.0 | 42.8 | 36.6 | 26.7 | 8.5 | 0.5 | (47.5) | (55.0) | ||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||
| EPS Basic | 0.11 | - | (0.14) | (0.31) | (0.42) | - | (0.07) | 0.19 | 0.18 | - | 0.11 | 0.04 | 0.00 | - | (0.24) | (0.21) | (0.14) | - | (0.22) | (0.25) | (0.38) | - | (0.11) | (0.14) | (0.09) | - | - | - | - | - | - | - | - |
| EPS Diluted | 0.11 | - | (0.14) | (0.31) | (0.42) | - | (0.07) | 0.19 | 0.17 | - | 0.11 | 0.03 | 0.00 | - | (0.24) | (0.21) | (0.14) | - | |||||||||||||||
| Shares Basic | 253.7 | - | 251.3 | 249.9 | 248.4 | - | 245.5 | 244.1 | 242.4 | - | 239.3 | 237.9 | 236.4 | - | 233.8 | 232.6 | 231.2 | - | |||||||||||||||
| Shares Diluted | 257.9 | - | 251.3 | 249.9 | 248.4 | - | 245.5 | 251.3 | 250.2 | - | 243.8 | 242.1 | 240.6 | - | 233.8 | 232.6 | 231.2 | - | |||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | (30.6) | 7.8 | (69.4) | (113.0) | (118.7) | (81.3) | (55.7) | 13.7 | 6.9 | 12.5 | 3.2 | (15.4) | (19.5) | (61.5) | (56.4) | (48.3) | (23.9) | (23.5) | (40.3) | ||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 1,880.7 | 1,831.3 | 1,523.0 | 1,140.3 | 904.4 | 616.5 | 401.3 | 266.6 | 172.7 | 104.3 |
| General & Administrative | 683.2 | 670.3 | 481.3 | 395.2 | 317.3 | 223.1 | 121.4 | 89.1 | 42.2 | 32.5 |
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | - |
| Amortization of Intangibles | 36.0 | 31.2 | 26.0 | 18.4 | 16.6 | 12.9 | 1.4 | 0.5 | 0.6 | 0.6 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 4,026.0 | 3,886.4 | 3,079.9 | 2,315.8 | 1,830.1 | 1,210.9 | 737.4 | 485.9 | 299.5 | 195.7 |
| 25.3 |
| 25.2 |
| 1.6 |
| 0.4 |
| 0.4 |
| 1.6 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | - | (0.6) | 5.1 | 1.6 | 3.1 | 4.0 | 1.3 | 6.7 | (1.4) | (1.5) |
| Pre-Tax Income | (4.0) | (127.0) | 58.6 | 105.7 | (159.9) | (160.0) | (87.9) | (139.8) | (138.7) | (134.6) |
| 73.4 |
| (182.3) |
| (232.4) |
| (92.6) |
| (141.8) |
| (140.1) |
| (135.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (10.1) | (161.2) | (12.6) | 73.4 | (182.3) | (232.4) | (92.6) | (141.8) | (140.1) | (135.5) |
| Net Income Attributable To Parent | (30.5) | (162.5) | (15.2) | 72.2 | (183.2) | (234.8) | (92.6) | (141.8) | (140.1) | (135.5) |
| Less: Minority Interest | 20.3 | 1.3 | 2.7 | 1.3 | 1.0 | 2.4 | 0.0 | 0.0 | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (30.5) | (162.5) | (15.2) | 72.2 | (183.2) | (234.8) | (92.6) | (141.8) | (140.1) | (141.3) |
| (0.79) |
| (1.03) |
| (0.43) |
| (0.96) |
| - |
| - |
| Shares Basic | 253.7 | 250.6 | 244.8 | 238.6 | 233.1 | 227.1 | 217.8 | 148.1 | - | - |
| Shares Diluted | 257.9 | 250.6 | 244.8 | 243.6 | 233.1 | 227.1 | 217.8 | 148.1 | - | - |
| (142.5) |
| (92.5) |
| (146.1) |
| (136.9) |
| (131.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 162.6 |
| 165.0 |
| 153.9 |
| 135.1 |
| 112.4 |
| 105.6 |
| 95.1 |
| 88.1 |
| 75.8 |
| 68.7 |
| 65.3 |
| 56.8 |
| 49.3 |
| 46.6 |
| 40.1 |
| 36.6 |
| 74.3 |
| 56.1 |
| 50.3 |
| 42.4 |
| 35.5 |
| 32.0 |
| 29.0 |
| 25.0 |
| 25.3 |
| 21.6 |
| 30.3 |
| 11.9 |
| 13.3 |
| 13.6 |
| 8.5 |
| 6.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 3.8 |
| 3.4 |
| 3.3 |
| 2.4 |
| 0.8 |
| 0.4 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.2 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 442.9 |
| 384.9 |
| 341.9 |
| 318.7 |
| 294.7 |
| 255.7 |
| 214.0 |
| 195.1 |
| 174.6 |
| 153.8 |
| 139.8 |
| 126.3 |
| 127.2 |
| 92.6 |
| 84.7 |
| 86.2 |
| 67.6 |
| 61.0 |
| 6.4 |
| 6.3 |
| 6.2 |
| 1.0 |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.2 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.2 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.1) |
| (0.3) |
| 0.6 |
| 4.8 |
| (4.3) |
| 0.3 |
| 0.7 |
| 4.5 |
| 3.2 |
| 3.6 |
| (0.5) |
| 0.4 |
| 0.3 |
| 0.3 |
| (1.9) |
| (0.2) |
| (27.0) |
| (28.2) |
| (46.0) |
| (53.1) |
| (32.8) |
| (16.2) |
| (24.1) |
| (29.4) |
| (18.2) |
| (28.1) |
| (35.1) |
| (51.3) |
| (25.4) |
| (30.9) |
| (41.8) |
| (32.5) |
| (33.5) |
| (41.7) |
| (50.5) |
| (57.3) |
| (82.9) |
| (19.0) |
| (24.5) |
| (29.9) |
| (19.2) |
| (28.4) |
| (35.5) |
| (51.9) |
| (26.0) |
| (31.3) |
| (42.3) |
| (32.9) |
| (33.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (41.7) |
| (50.5) |
| (57.3) |
| (82.9) |
| (19.0) |
| (24.5) |
| (29.9) |
| (19.2) |
| (28.4) |
| (35.5) |
| (51.9) |
| (26.0) |
| (31.3) |
| (42.3) |
| (32.9) |
| (33.6) |
| (31.5) |
| (42.0) |
| (50.5) |
| (57.3) |
| (85.0) |
| (19.0) |
| (24.5) |
| (29.9) |
| (19.2) |
| (28.4) |
| (35.5) |
| (51.9) |
| (26.0) |
| (31.3) |
| (42.3) |
| (32.9) |
| (33.6) |
| 0.2 |
| 0.0 |
| 0.0 |
| 2.2 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (49.3) |
| (31.5) |
| (42.0) |
| (50.5) |
| (57.3) |
| (85.0) |
| (19.0) |
| (24.5) |
| (29.9) |
| (19.2) |
| (28.4) |
| (35.5) |
| (51.9) |
| (26.0) |
| (31.3) |
| (42.3) |
| (32.9) |
| (33.6) |
| (0.22) |
| (0.25) |
| (0.38) |
| - |
| (0.11) |
| (0.14) |
| (0.09) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 228.3 |
| 226.4 |
| 224.2 |
| - |
| 219.4 |
| 216.7 |
| 213.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 228.3 |
| 226.4 |
| 224.2 |
| - |
| 219.4 |
| 216.7 |
| 213.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (47.4) |
| (31.3) |
| (15.8) |
| (24.2) |
| (30.0) |
| (22.6) |
| (31.1) |
| (38.5) |
| (50.6) |
| (25.8) |
| (31.2) |
| (42.1) |
| (30.4) |
| (33.1) |