| (in millions of USD, except per-share data) | 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 | Q3 FY 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||
| Revenues | 1,006.4 | 953.2 | 885.7 | 826.8 | 761.6 | 737.7 | 690.0 | 645.3 | 611.3 | 589.6 | 547.5 | 509.5 | 481.7 | 469.4 | 436.5 | 406.1 | ||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 3,672.0 | 3,427.2 | 2,684.3 | 2,128.4 | 1,675.1 | 1,028.8 | 603.5 | 362.8 | 198.1 | 100.8 |
| Cost of Revenue | 738.6 | 687.0 | 515.5 | 409.9 | 346.7 | 234.2 | 130.2 | 88.9 | 46.5 | 23.4 |
| Gross Profit | 2,933.5 | 2,740.2 | 2,168.7 | 1,718.5 | 1,328.4 | 794.5 | 473.3 | 273.8 | 151.5 | 77.3 |
| Operating Expenses | ||||||||||
| Research & Development | 1,642.7 | 1,548.5 | 1,152.7 | 962.4 | 752.4 | 419.8 | 210.6 | 111.4 | 55.2 | 24.7 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (24.6) | (44.4) | 54.3 | (33.5) | (58.7) | (19.2) | (13.8) | (20.1) | (11.0) | (3.0) |
| Non-Operating | ||||||||||
| Interest Income | 192.9 | 194.4 | 155.3 | 103.5 | 34.9 | - | - | - | - | - |
| Interest Expense | 11.2 | 11.1 | 7.1 | 6.3 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | 18.5 | 19.3 | 20.2 | 11.7 | 12.1 | 2.3 | 2.3 | 0.7 | 0.5 | 0.5 |
| Net Income From Continuing Ops | 135.7 | 107.7 | 183.7 | |||||||
| Per Share | ||||||||||
| EPS Basic | 0.38 | 0.31 | 0.55 | 0.15 | (0.16) | (0.07) | (0.08) | (0.12) | (0.15) | (0.04) |
| EPS Diluted | 0.37 | 0.31 | 0.52 | 0.14 | ||||||
| Supplementary Data | ||||||||||
| EBITDA | 30.8 | 4.8 | 102.8 | 2.1 | (31.7) | (0.7) | 0.7 | (8.5) | (5.5) | (0.8) |
| EBIT | (24.6) | (44.4) | 54.3 | (33.5) | ||||||
| 363.0 |
| 326.2 |
| 270.5 |
| 233.5 |
| 198.5 |
| 177.5 |
| 154.7 |
| 140.0 |
| 131.2 |
| 113.6 |
| 95.9 |
| 83.2 |
| 70.1 |
| 51.1 |
| Cost of Revenue | 209.2 | 186.9 | 176.5 | 166.0 | 157.6 | 144.2 | 137.8 | 123.5 | 110.1 | 104.8 | 103.3 | 101.8 | 99.9 | 96.8 | 93.6 | 81.9 | 74.5 | 67.1 | 63.3 | 57.1 | 46.7 | 40.9 | 34.0 | 28.9 | 26.5 | 25.7 | 23.3 | 21.0 | 19.0 | 12.1 |
| Gross Profit | 797.2 | 766.3 | 709.2 | 660.8 | 603.9 | 593.5 | 552.3 | 521.8 | 501.2 | 484.8 | 444.2 | 407.6 | 381.8 | 372.6 | 342.9 | 324.2 | 288.6 | 259.0 | 207.2 | 176.5 | 151.9 | 136.7 | 120.7 | 111.1 | 104.8 | 87.9 | 72.6 | 62.2 | 51.1 | 39.0 |
| Operating Expenses | ||||||||||||||||||||||||||||||
| Research & Development | 435.3 | 417.9 | 402.0 | 387.5 | 341.1 | 316.3 | 291.8 | 274.6 | 270.0 | 253.3 | 240.2 | 239.5 | 229.5 | 218.7 | 205.4 | 177.7 | 150.6 | 133.0 | 112.7 | 94.8 | 79.3 | 67.7 | 56.4 | 45.7 | 40.8 | 35.9 | 28.7 | 24.0 | 22.8 | 14.2 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||
| Selling & Marketing | 279.8 | 264.4 | 238.7 | 239.0 | 214.3 | 207.9 | 187.8 | 187.0 | 173.9 | 160.0 | 156.9 | 147.5 | 145.0 | 149.4 | 129.5 | 115.3 | 101.2 | |||||||||||||
| General & Administrative | 74.8 | 74.6 | 74.3 | 69.8 | 61.0 | 59.9 | 52.4 | 47.6 | 45.3 | 43.8 | 51.4 | 42.7 | 42.3 | 39.3 | 39.4 | 34.4 | 26.4 | |||||||||||||
| Depreciation & Amortization | 16.3 | 14.7 | 13.3 | 11.1 | 10.1 | 14.5 | 12.4 | 10.9 | 10.7 | 9.8 | 9.4 | 8.3 | 8.1 | 7.6 | 7.2 | 6.4 | ||||||||||||||
| Amortization of Intangibles | 1.6 | 2.0 | 1.7 | 1.7 | 1.1 | 1.3 | 1.4 | 1.5 | 2.2 | 2.2 | 2.2 | 2.3 | 2.2 | 2.2 | 2.1 | 1.7 | 1.6 | |||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Total Operating Expenses | 789.9 | 756.9 | 715.0 | 696.3 | 616.3 | 584.2 | 532.0 | 509.2 | 489.2 | 457.1 | 448.4 | 429.6 | 416.8 | 407.3 | 374.3 | 327.4 | ||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||
| Operating Income | 7.3 | 9.4 | (5.8) | (35.5) | (12.4) | 9.4 | 20.3 | 12.6 | 12.0 | 27.7 | (4.2) | (22.0) | (35.0) | (34.6) | (31.3) | (3.1) | 10.4 | 8.5 | (4.9) | (9.9) | (12.8) | (8.9) | (9.3) | 0.7 | 3.8 | (2.3) | (4.2) | (4.0) | (9.7) | (4.6) |
| Non-Operating | ||||||||||||||||||||||||||||||
| Interest Income | 49.2 | 47.3 | 45.6 | 50.8 | 50.7 | 42.6 | 40.1 | 37.2 | 35.4 | - | 28.8 | - | - | - | - | - | - | - | 4.8 | - | - | - | 6.6 | - | - | - | - | - | - | - |
| Interest Expense | 3.1 | 2.6 | 2.4 | 3.1 | 3.0 | 2.6 | 1.6 | 1.5 | 1.4 | 1.3 | 1.3 | 1.5 | 2.2 | 3.0 | 3.7 | 4.5 | 5.2 | 5.6 | ||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Other Non-Operating Income | 5.5 | (0.6) | (1.7) | (6.1) | (3.5) | 4.5 | (2.7) | (0.6) | 0.1 | (40.1) | 1.0 | 21.1 | 14.5 | (9.6) | 8.3 | 3.1 | 0.4 | |||||||||||||
| Pre-Tax Income | 58.9 | 53.5 | 35.7 | 6.1 | 31.8 | 53.8 | 56.1 | 47.8 | 46.2 | 57.3 | 24.3 | (0.9) | (20.4) | (25.9) | (23.1) | (0.0) | ||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||
| Income Tax Expense | 6.4 | 6.9 | 1.8 | 3.4 | 7.2 | 8.2 | 4.4 | 4.0 | 3.6 | 3.3 | 1.7 | 3.1 | 3.7 | 3.2 | 2.9 | 4.9 | 1.1 | 1.4 | 0.7 | (0.3) | 0.5 | 1.0 | 0.6 | 0.5 | 0.2 | 0.4 | 0.0 | 0.3 | 0.1 | 0.3 |
| Net Income From Continuing Ops | 52.6 | 46.6 | 33.9 | 2.6 | 24.6 | 45.6 | 51.7 | 43.8 | 42.6 | 54.0 | 22.6 | (4.0) | (24.1) | (29.0) | (26.0) | (4.9) | 9.7 | |||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Net Income | 52.6 | 46.6 | 33.9 | 2.6 | 24.6 | 45.6 | 51.7 | 43.8 | 42.6 | 54.0 | 22.6 | (4.0) | (24.1) | (29.0) | (26.0) | (4.9) | 9.7 | |||||||||||||
| Net Income Attributable To Parent | 52.6 | 46.6 | 33.9 | 2.6 | 24.6 | 45.6 | 51.7 | 43.8 | 42.6 | 54.0 | 22.6 | (4.0) | (24.1) | (29.0) | (26.0) | (4.9) | ||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Net Income To Common Shareholders | 52.6 | 46.6 | 33.9 | 2.6 | 24.6 | 45.6 | 51.7 | 43.8 | 42.6 | 54.0 | 22.6 | (4.0) | (24.1) | (29.0) | (26.0) | |||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||
| EPS Basic | 0.15 | - | 0.10 | 0.01 | 0.07 | - | 0.15 | 0.13 | 0.13 | - | 0.07 | (0.01) | (0.08) | - | (0.08) | (0.02) | 0.03 | - | (0.02) | (0.03) | (0.04) | - | (0.05) | 0.00 | 0.02 | - | - | (0.05) | (0.12) | (0.06) |
| EPS Diluted | 0.15 | - | 0.10 | 0.01 | 0.07 | - | 0.14 | 0.12 | 0.12 | - | 0.06 | (0.01) | (0.08) | - | (0.08) | (0.02) | 0.03 | - | ||||||||||||
| Shares Basic | 353.3 | - | 348.6 | 346.2 | 343.1 | - | 337.6 | 334.9 | 331.8 | - | 325.6 | 322.2 | 319.3 | - | 316.0 | 314.8 | 313.5 | - | ||||||||||||
| Shares Diluted | 364.7 | - | 362.0 | 358.7 | 363.1 | - | 357.6 | 356.7 | 356.0 | - | 351.3 | 322.2 | 319.3 | - | 316.0 | 314.8 | 345.7 | - | ||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||
| EBITDA | 23.6 | 24.1 | 7.5 | (24.4) | (2.3) | 23.9 | 32.7 | 23.5 | 22.7 | 37.5 | 5.2 | (13.7) | (26.9) | (27.0) | (24.1) | 3.3 | 16.2 | 13.9 | (0.2) | (5.5) | (8.8) | (5.1) | (5.6) | 4.2 | 7.3 | 1.1 | (0.4) | (1.5) | (7.8) | (3.0) |
| EBIT | 7.3 | 9.4 | (5.8) | (35.5) | (12.4) | 9.4 | 20.3 | 12.6 | 12.0 | 27.7 | (4.2) | (22.0) | (35.0) | (34.6) | (31.3) | (3.1) | 10.4 | 8.5 | (4.9) | |||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 1,022.0 | 956.4 | 756.6 | 609.3 | 495.3 | 299.5 | 213.7 | 146.7 | 88.8 | 44.2 |
| General & Administrative | 293.5 | 279.7 | 205.2 | 180.2 | 139.4 | 94.4 | 62.8 | 35.9 | 18.6 | 11.4 |
| Depreciation & Amortization | 55.4 | 49.2 | 48.5 | 35.6 | 27.0 | 18.5 | 14.5 | 11.6 | 5.5 | 2.2 |
| Amortization of Intangibles | 7.0 | 6.5 | 6.4 | 8.9 | 7.6 | 4.4 | 0.9 | 0.8 | 0.5 | 0.5 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 2,958.1 | 2,784.6 | 2,114.5 | 1,751.9 | 1,387.1 | 813.7 | 487.0 | 294.0 | 162.6 | 80.3 |
| 16.5 |
| 21.1 |
| 30.4 |
| 0.0 |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (2.9) | (12.0) | 1.4 | (3.5) | 2.2 | 0.7 | (8.4) | 4.2 | 0.8 | 0.8 |
| Pre-Tax Income | 154.2 | 127.0 | 203.9 | 60.2 | (38.1) | (18.4) | (22.2) | (16.0) | (10.2) | (2.1) |
| 48.6 |
| (50.2) |
| (20.7) |
| (24.5) |
| (16.7) |
| (10.8) |
| (2.6) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | 135.7 | 107.7 | 183.7 | 48.6 | (50.2) | (20.7) | (24.5) | (16.7) | (10.8) | (2.6) |
| Net Income Attributable To Parent | 135.7 | 107.7 | 183.7 | 48.6 | (50.2) | (20.7) | (24.5) | (16.7) | (10.8) | (2.6) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | 135.7 | 107.7 | 183.7 | 48.6 | (50.2) | (20.7) | (24.5) | (16.7) | (10.8) | (2.6) |
| (0.16) |
| (0.07) |
| (0.08) |
| (0.12) |
| (0.15) |
| (0.04) |
| Shares Basic | 353.3 | 347.3 | 336.2 | 324.0 | 315.4 | 309.0 | 300.4 | 139.9 | 71.0 | 61.3 |
| Shares Diluted | 364.7 | 363.5 | 358.6 | 350.3 | 315.4 | 309.0 | 300.4 | 139.9 | 71.0 | 61.3 |
| (58.7) |
| (19.2) |
| (13.8) |
| (20.1) |
| (11.0) |
| (3.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 88.9 |
| 75.8 |
| 70.4 |
| 64.4 |
| 60.0 |
| 57.1 |
| 51.3 |
| 45.2 |
| 41.6 |
| 38.8 |
| 36.1 |
| 30.1 |
| 25.1 |
| 28.6 |
| 23.5 |
| 21.1 |
| 21.1 |
| 17.9 |
| 16.4 |
| 13.5 |
| 15.0 |
| 12.7 |
| 9.3 |
| 6.1 |
| 7.8 |
| 4.3 |
| 5.8 |
| 5.4 |
| 4.7 |
| 4.4 |
| 4.0 |
| 3.8 |
| 3.7 |
| 3.5 |
| 3.5 |
| 3.4 |
| 3.8 |
| 2.5 |
| 1.9 |
| 1.6 |
| 1.4 |
| 1.5 |
| 1.1 |
| 0.4 |
| 0.2 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 278.2 |
| 250.6 |
| 212.1 |
| 186.3 |
| 164.7 |
| 145.6 |
| 130.0 |
| 110.5 |
| 101.0 |
| 90.2 |
| 76.8 |
| 66.2 |
| 60.8 |
| 43.6 |
| 4.9 |
| 5.1 |
| 5.5 |
| 13.0 |
| 12.4 |
| 4.3 |
| 0.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.1 |
| 0.2 |
| 0.3 |
| (6.2) |
| (5.3) |
| 0.2 |
| 2.9 |
| 3.5 |
| 0.1 |
| 0.3 |
| 0.2 |
| 0.3 |
| 10.9 |
| 8.5 |
| (4.8) |
| (9.7) |
| (12.5) |
| (15.2) |
| (14.6) |
| 0.8 |
| 6.7 |
| 1.3 |
| (4.1) |
| (3.7) |
| (9.4) |
| (4.3) |
| 7.2 |
| (5.5) |
| (9.4) |
| (13.1) |
| (16.2) |
| (15.2) |
| 0.3 |
| 6.5 |
| 0.9 |
| (4.2) |
| (3.9) |
| (9.5) |
| (4.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.2 |
| (5.5) |
| (9.4) |
| (13.1) |
| (16.2) |
| (15.2) |
| 0.3 |
| 6.5 |
| 0.9 |
| (4.2) |
| (3.9) |
| (9.5) |
| (4.7) |
| 9.7 |
| 7.2 |
| (5.5) |
| (9.4) |
| (13.1) |
| (16.2) |
| (15.2) |
| 0.3 |
| 6.5 |
| 0.9 |
| (4.2) |
| (3.9) |
| (9.5) |
| (4.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (4.9) |
| 9.7 |
| 7.2 |
| (5.5) |
| (9.4) |
| (13.1) |
| (16.2) |
| (15.2) |
| 0.3 |
| 6.5 |
| 0.9 |
| (4.2) |
| (3.9) |
| (9.5) |
| (4.7) |
| (0.02) |
| (0.03) |
| (0.04) |
| - |
| (0.05) |
| 0.00 |
| 0.02 |
| - |
| - |
| (0.05) |
| (0.12) |
| (0.06) |
| 310.2 |
| 308.0 |
| 306.0 |
| - |
| 302.6 |
| 299.3 |
| 295.5 |
| - |
| - |
| 82.0 |
| 77.1 |
| 73.4 |
| 310.2 |
| 308.0 |
| 306.0 |
| - |
| 302.6 |
| 330.8 |
| 327.8 |
| - |
| - |
| 82.0 |
| 77.1 |
| 73.4 |
| (9.9) |
| (12.8) |
| (8.9) |
| (9.3) |
| 0.7 |
| 3.8 |
| (2.3) |
| (4.2) |
| (4.0) |
| (9.7) |
| (4.6) |