| (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 | Q4 FY 18 | Q3 FY 18 | Q2 FY 18 | Q1 FY 18 | Q3 FY 17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||
| Revenues | 301.7 | 281.3 | 265.2 | 232.1 | 203.5 | 201.8 | 191.5 | 177.2 | 168.5 | 155.1 | 143.0 | 137.2 | 128.7 | 126.9 | 117.4 | 109.1 | ||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 1,080.2 | 982.0 | 739.0 | 563.9 | 449.5 | 373.7 | 286.7 | 214.4 | 90.6 | 49.8 |
| Cost of Revenue | 379.2 | 349.0 | 289.8 | 227.1 | - | - | - | - | - | - |
| Gross Profit | 701.0 | 633.0 | 449.2 | 336.9 | - | - | - | - | - | - |
| Operating Expenses | ||||||||||
| Research & Development | 366.7 | 364.2 | 347.8 | 367.2 | 373.8 | 263.2 | 149.9 | 86.3 | 50.7 | 25.6 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (447.6) | (437.2) | (443.6) | (564.7) | (544.4) | (411.0) | (255.0) | (82.4) | (92.9) | (76.6) |
| Non-Operating | ||||||||||
| Interest Income | 36.1 | 34.1 | 53.7 | 35.4 | 6.1 | 3.9 | 10.2 | 13.7 | 5.3 | 2.2 |
| Interest Expense | 4.5 | 3.9 | 2.6 | 2.6 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | (1.2) | (1.3) | 1.3 | 0.7 | 1.1 | 0.3 | 0.4 | (1.9) | 0.0 | 0.0 |
| Net Income From Continuing Ops | (433.2) | (416.3) | (436.4) | |||||||
| Per Share | ||||||||||
| EPS Basic | (3.30) | (3.32) | (3.56) | (4.28) | (6.41) | (4.00) | (2.60) | (0.84) | - | - |
| EPS Diluted | (3.30) | (3.32) | (3.56) | (4.28) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | (408.6) | (397.5) | (401.2) | (521.8) | (508.4) | (388.7) | (238.9) | (71.0) | (85.8) | (71.4) |
| EBIT | (447.6) | (437.2) | (443.6) | (564.7) | ||||||
| 96.1 |
| 108.1 |
| 94.8 |
| 92.1 |
| 78.7 |
| 78.3 |
| 74.6 |
| 66.3 |
| 67.5 |
| 62.9 |
| 60.8 |
| 54.0 |
| 36.7 |
| 32.9 |
| 21.7 |
| 19.4 |
| 16.7 |
| 11.1 |
| Cost of Revenue | 104.9 | 99.5 | 93.6 | 81.2 | 74.7 | 77.6 | 74.5 | 72.4 | 65.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 196.7 | 181.8 | 171.6 | 150.9 | 128.7 | 124.2 | 117.0 | 104.8 | 103.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Research & Development | 91.0 | 98.3 | 90.0 | 87.4 | 88.5 | 93.5 | 87.3 | 83.1 | 83.8 | 89.9 | 93.9 | 90.4 | 93.1 | 106.6 | 100.0 | 85.5 | 81.8 | 73.0 | 71.0 | 63.7 | 55.5 | 40.3 | 36.2 | 36.3 | 37.0 | 25.9 | 24.6 | 19.5 | 16.3 | 16.7 | 14.3 | 11.6 | 8.3 | 7.2 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Selling & Marketing | 169.1 | 143.4 | 127.4 | 119.6 | 104.3 | 104.8 | 97.9 | 81.9 | 80.4 | 79.1 | 68.9 | 71.0 | 76.1 | 81.4 | 80.4 | 73.6 | 64.4 | |||||||||||||||||
| General & Administrative | 57.9 | 60.9 | 53.3 | 50.3 | 47.0 | 51.9 | 49.1 | 40.5 | 38.7 | 37.7 | 36.2 | 41.5 | 40.4 | 37.9 | 41.1 | 43.7 | 41.3 | |||||||||||||||||
| Depreciation & Amortization | 9.4 | 10.9 | 9.0 | 9.6 | 10.2 | 11.5 | 10.1 | 10.1 | 10.7 | 12.3 | 10.3 | 9.9 | 10.3 | 11.6 | 9.1 | 8.1 | ||||||||||||||||||
| Amortization of Intangibles | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.5 | 0.6 | 0.7 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.5 | |||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Total Operating Expenses | 423.0 | 402.1 | 364.2 | 338.5 | 314.5 | 327.8 | 308.8 | 277.9 | 268.2 | 352.6 | 256.6 | 256.8 | 262.8 | 273.0 | 262.0 | 239.5 | ||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (121.4) | (120.8) | (99.0) | (106.4) | (111.0) | (126.0) | (117.3) | (100.6) | (99.7) | (197.5) | (113.5) | (119.6) | (134.1) | (146.1) | (144.6) | (130.3) | (123.3) | (98.2) | (107.3) | (97.6) | (107.9) | (91.2) | (74.3) | (54.6) | (34.9) | (26.0) | (17.5) | (15.3) | (23.7) | (27.4) | (24.2) | (22.7) | (18.6) | (28.7) |
| Non-Operating | ||||||||||||||||||||||||||||||||||
| Interest Income | 11.2 | 10.0 | 7.4 | 7.6 | 9.1 | 11.7 | 13.3 | 13.9 | 14.9 | 13.9 | 11.7 | 6.7 | 3.1 | 2.2 | 1.8 | 1.4 | 0.8 | 0.7 | 0.7 | 1.0 | 1.6 | 1.9 | 2.3 | 2.6 | 3.3 | 3.9 | 4.3 | 3.1 | 2.5 | 2.3 | 1.0 | 1.0 | 1.0 | 0.7 |
| Interest Expense | 1.3 | 1.2 | 0.9 | 1.0 | 0.8 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | ||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Other Non-Operating Income | (0.2) | (18.3) | (0.0) | (0.0) | 7.9 | 4.7 | (3.0) | (15.1) | (29.1) | (3.3) | 16.9 | 41.3 | (1.7) | 5.3 | (18.4) | 0.4 | (0.0) | |||||||||||||||||
| Pre-Tax Income | (111.7) | (130.2) | (92.6) | (99.9) | (94.9) | (110.3) | (107.7) | (102.5) | (114.6) | (187.6) | (85.6) | (72.3) | (133.3) | (139.3) | (161.9) | (229.0) | ||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.4 | (1.7) | 0.1 | 0.0 | 0.3 | 0.7 | 0.0 | 0.1 | 0.4 | (0.5) | 0.5 | 0.5 | 0.2 | 0.6 | 0.1 | 0.4 | (0.0) | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.1 | 0.0 | 0.0 | (0.5) | (0.2) | (1.2) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (112.1) | (128.5) | (92.7) | (99.9) | (95.2) | (111.0) | (107.8) | (102.6) | (115.0) | (187.0) | (86.1) | (72.8) | (133.5) | (139.9) | (162.0) | (229.4) | (123.2) | |||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Net Income | (112.1) | (128.5) | (92.7) | (99.9) | (95.2) | (111.0) | (107.8) | (102.6) | (115.0) | (187.0) | (86.1) | (72.8) | (133.5) | (139.9) | (162.0) | (229.4) | (123.2) | |||||||||||||||||
| Net Income Attributable To Parent | (112.1) | (128.5) | (92.7) | (99.9) | (95.2) | (111.0) | (107.8) | (102.6) | (115.0) | (187.0) | (86.1) | (72.8) | (133.5) | (139.9) | (162.0) | (229.4) | ||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Net Income To Common Shareholders | (112.1) | (128.5) | (92.7) | (99.9) | (95.2) | (111.0) | (107.8) | (102.6) | (115.0) | (187.0) | (86.1) | (72.8) | (133.5) | (139.9) | (162.0) | |||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||
| EPS Basic | (0.85) | - | (0.74) | (0.80) | (0.77) | - | (0.88) | (0.84) | (0.94) | - | (0.73) | (0.67) | (1.30) | - | (1.58) | (2.25) | (1.21) | - | (1.06) | (0.96) | (1.09) | - | (0.78) | (0.57) | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.85) | - | (0.74) | (0.80) | (0.77) | - | (0.88) | (0.84) | (0.94) | - | (0.73) | (0.67) | (1.30) | - | (1.58) | (2.25) | (1.21) | - | ||||||||||||||||
| Shares Basic | 131.3 | - | 124.8 | 124.1 | 123.9 | - | 123.1 | 122.4 | 121.7 | - | 117.7 | 108.8 | 102.7 | - | 102.3 | 102.0 | 101.9 | - | ||||||||||||||||
| Shares Diluted | 131.3 | - | 124.8 | 124.1 | 123.9 | - | 123.1 | 122.4 | 121.7 | - | 117.7 | 108.8 | 102.7 | - | 102.3 | 102.0 | 101.9 | - | ||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||
| EBITDA | (111.9) | (109.9) | (90.0) | (96.8) | (100.8) | (114.5) | (107.2) | (90.5) | (89.0) | (185.2) | (103.2) | (109.7) | (123.7) | (134.6) | (135.5) | (122.2) | (116.1) | (91.0) | (102.3) | (92.5) | (102.9) | (85.4) | (70.5) | (51.4) | (31.6) | (21.6) | (15.0) | (13.1) | (21.3) | (24.6) | (22.5) | (21.4) | (17.3) | (27.6) |
| EBIT | (121.4) | (120.8) | (99.0) | (106.4) | (111.0) | (126.0) | (117.3) | (100.6) | (99.7) | (197.5) | (113.5) | (119.6) | (134.1) | (146.1) | (144.6) | (130.3) | (123.3) | (98.2) | (107.3) | |||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 559.5 | 494.7 | 364.9 | 295.2 | 299.8 | 191.9 | 106.5 | 78.3 | 53.5 | 32.5 |
| General & Administrative | 222.4 | 211.4 | 180.1 | 155.8 | 164.0 | 206.6 | 192.8 | 61.4 | 36.2 | 36.8 |
| Depreciation & Amortization | 38.9 | 39.7 | 42.4 | 42.9 | 36.0 | 22.3 | 16.1 | 11.4 | 7.1 | 5.2 |
| Amortization of Intangibles | 1.6 | 1.7 | 2.2 | 2.7 | 2.5 | 1.9 | 1.8 | 0.7 | 0.0 | - |
| Other Operating Expenses | - | 0.0 | 0.0 | 83.4 | 0.0 | 0.0 | - | - | - | - |
| Total Operating Expenses | 1,527.8 | 1,419.3 | 1,182.6 | 1,128.7 | 993.9 | 784.7 | 541.7 | 296.7 | 183.6 | 126.5 |
| 2.6 |
| 2.6 |
| 4.8 |
| 1.2 |
| 1.3 |
| 2.7 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (18.5) | (10.5) | (42.6) | 53.2 | (12.8) | 25.2 | 3.6 | 0.1 | 4.7 | (1.1) |
| Pre-Tax Income | (434.4) | (417.5) | (435.1) | (478.8) | (653.4) | (384.5) | (245.9) | (69.7) | (84.2) | (83.2) |
| (479.4) |
| (654.6) |
| (384.8) |
| (246.3) |
| (67.9) |
| (84.3) |
| (83.2) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (433.2) | (416.3) | (436.4) | (479.4) | (654.6) | (384.8) | (246.3) | (67.9) | (84.3) | (83.2) |
| Net Income Attributable To Parent | (433.2) | (416.3) | (436.4) | (479.4) | (654.6) | (384.8) | (246.3) | (75.7) | (85.1) | (83.2) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | 1.1 | - | - |
| Net Income To Common Shareholders | (433.2) | (416.3) | (436.4) | (479.4) | (654.6) | (405.7) | (253.8) | (75.7) | (85.1) | (89.0) |
| (6.41) |
| (4.00) |
| (2.60) |
| (0.84) |
| - |
| - |
| Shares Basic | 131.3 | 125.4 | 122.7 | 112.0 | 102.2 | 101.3 | 97.5 | 90.6 | - | - |
| Shares Diluted | 131.3 | 125.4 | 122.7 | 112.0 | 102.2 | 101.3 | 97.5 | 90.6 | - | - |
| (544.4) |
| (411.0) |
| (255.0) |
| (82.4) |
| (92.9) |
| (76.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 59.6 |
| 50.2 |
| 47.7 |
| 34.3 |
| 31.3 |
| 25.1 |
| 25.0 |
| 25.1 |
| 22.3 |
| 18.8 |
| 19.4 |
| 17.8 |
| 17.1 |
| 13.5 |
| 11.6 |
| 11.3 |
| 7.8 |
| 40.3 |
| 50.1 |
| 48.4 |
| 67.9 |
| 69.5 |
| 66.3 |
| 37.2 |
| 19.8 |
| 18.9 |
| 16.4 |
| 13.4 |
| 12.7 |
| 12.5 |
| 8.1 |
| 9.0 |
| 6.5 |
| 16.1 |
| 7.2 |
| 7.2 |
| 5.0 |
| 5.1 |
| 5.0 |
| 5.8 |
| 3.8 |
| 3.2 |
| 3.3 |
| 4.4 |
| 2.5 |
| 2.2 |
| 2.4 |
| 2.7 |
| 1.7 |
| 1.3 |
| 1.4 |
| 1.1 |
| 0.4 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.6 |
| 0.5 |
| 0.5 |
| 0.2 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.0 |
| (0.7) |
| 0.3 |
| 0.2 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 219.4 |
| 206.3 |
| 202.1 |
| 189.7 |
| 186.5 |
| 169.5 |
| 148.8 |
| 121.0 |
| 102.4 |
| 88.9 |
| 78.3 |
| 69.2 |
| 60.3 |
| 60.3 |
| 45.9 |
| 42.1 |
| 35.3 |
| 39.8 |
| 0.6 |
| 0.6 |
| 0.6 |
| 4.7 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 25.9 |
| (0.2) |
| (0.2) |
| (0.3) |
| 1.2 |
| 0.3 |
| 2.3 |
| (0.2) |
| (0.2) |
| 0.2 |
| (0.1) |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.4 |
| 4.1 |
| (0.3) |
| (123.3) |
| (72.3) |
| (107.4) |
| (97.5) |
| (107.2) |
| (92.8) |
| (71.6) |
| (49.7) |
| (31.8) |
| (22.6) |
| (13.3) |
| (12.5) |
| (21.3) |
| (25.2) |
| (23.5) |
| (21.6) |
| (13.8) |
| (28.6) |
| (72.3) |
| (107.5) |
| (97.6) |
| (107.4) |
| (93.0) |
| (71.7) |
| (49.7) |
| (31.8) |
| (22.1) |
| (13.1) |
| (11.3) |
| (21.4) |
| (25.3) |
| (23.5) |
| (21.6) |
| (13.8) |
| (28.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (72.3) |
| (107.5) |
| (97.6) |
| (107.4) |
| (93.0) |
| (71.7) |
| (49.7) |
| (31.8) |
| (22.1) |
| (13.1) |
| (11.3) |
| (21.4) |
| (25.3) |
| (23.5) |
| (21.6) |
| (13.8) |
| (28.6) |
| (123.2) |
| (72.3) |
| (107.5) |
| (97.6) |
| (107.4) |
| (93.0) |
| (71.7) |
| (49.7) |
| (31.8) |
| (29.9) |
| (13.1) |
| (11.3) |
| (21.4) |
| (25.1) |
| (24.5) |
| (21.6) |
| (13.8) |
| (28.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (229.4) |
| (123.2) |
| (90.9) |
| (107.5) |
| (97.6) |
| (109.7) |
| (93.7) |
| (77.7) |
| (54.6) |
| (27.7) |
| (25.2) |
| (12.8) |
| (11.6) |
| (26.1) |
| (25.1) |
| (24.5) |
| (21.6) |
| (13.8) |
| (33.3) |
| (1.06) |
| (0.96) |
| (1.09) |
| - |
| (0.78) |
| (0.57) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 101.4 |
| 101.2 |
| 101.0 |
| - |
| 99.6 |
| 96.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 101.4 |
| 101.2 |
| 101.0 |
| - |
| 99.6 |
| 96.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (97.6) |
| (107.9) |
| (91.2) |
| (74.3) |
| (54.6) |
| (34.9) |
| (26.0) |
| (17.5) |
| (15.3) |
| (23.7) |
| (27.4) |
| (24.2) |
| (22.7) |
| (18.6) |
| (28.7) |