| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||
| Revenues | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||
| Research & Development | 959.0 | 794.3 | 476.6 | 332.3 | 169.5 | 78.4 | 73.6 | 45.6 | 30.1 |
| Selling General & Administrative | - | - | - | - | |||||
| Operating Income | |||||||||
| Operating Income | (1,088.7) | (923.7) | (569.5) | (468.0) | (232.3) | (103.7) | (89.6) | (54.2) | (35.5) |
| Non-Operating | |||||||||
| Interest Income | 113.4 | 119.7 | 110.0 | 62.9 | 8.4 | 0.3 | 0.2 | 0.6 | 0.9 |
| Interest Expense | - | - | 0.0 | 0.0 | 0.0 | ||||
| Tax & Net | |||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - |
| Net Income From Continuing Ops | (946.5) | (766.6) | (463.9) | (402.3) | |||||
| Per Share | |||||||||
| EPS Basic | (6.78) | (5.63) | (3.80) | (4.14) | (3.44) | (1.93) | (3.02) | - | - |
| EPS Diluted | (6.78) | (5.63) | (3.80) | (4.14) | (3.44) | ||||
| Supplementary Data | |||||||||
| EBITDA | - | (907.3) | (562.5) | (464.9) | (229.4) | (101.9) | (88.2) | (52.9) | (34.5) |
| EBIT | (1,088.7) | (923.7) | (569.5) | (468.0) | (232.3) | ||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 312.8 | 242.1 | 209.9 | 194.2 | 148.1 | 133.6 | 116.9 | 131.5 | 94.6 | 104.1 | 97.4 | 72.7 | 58.1 | 51.6 | 47.7 | 38.5 | 31.7 | 23.1 | 20.4 | 17.7 | 17.3 | 14.7 | 16.4 | 18.2 | 24.3 | - | 9.6 | 10.0 | - |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| General & Administrative | 33.1 | 32.2 | 32.4 | 32.0 | 32.7 | 28.6 | 23.0 | 21.5 | 19.9 | 17.5 | 15.6 | 14.5 | 13.1 | 12.0 | 10.9 | 9.4 | 7.5 | ||||||||||||
| Depreciation & Amortization | 2.9 | - | - | - | 3.0 | 2.8 | 1.8 | 1.4 | 1.0 | 0.8 | 0.8 | 0.8 | 0.7 | 1.0 | 0.7 | 0.6 | |||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 345.9 | 274.3 | 242.4 | 226.2 | 180.8 | 162.2 | 139.9 | 153.0 | 114.5 | 196.7 | 113.0 | 87.1 | 71.2 | 86.6 | 58.6 | 47.9 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (345.9) | (274.3) | (242.4) | (226.2) | (180.8) | (162.2) | (139.9) | (153.0) | (114.5) | (196.7) | (113.0) | (87.1) | (71.2) | (86.6) | (58.6) | (47.9) | (39.2) | (29.8) | (27.0) | (23.7) | (23.1) | (19.5) | (21.3) | (21.2) | (27.6) | - | (12.1) | (12.2) | - |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | 26.6 | 26.5 | 29.3 | 31.1 | 32.9 | 36.5 | 28.1 | 23.8 | 21.7 | 17.6 | 18.5 | 16.5 | 10.4 | 6.6 | 1.2 | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | - | 0.1 | 0.2 | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | - | - | 0.0 | 0.0 | - | - | |||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Non-Operating Income | 25.2 | 27.8 | 29.6 | 59.6 | 40.1 | 25.1 | 36.8 | 24.3 | 19.5 | 15.9 | 20.4 | 18.8 | 10.7 | 8.5 | 0.7 | (0.6) | 0.2 | ||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | - | - | - | - | - |
| Net Income From Continuing Ops | (320.6) | (246.5) | (212.8) | (166.6) | (140.7) | (137.1) | (103.1) | (128.7) | (95.0) | (180.8) | (92.7) | (68.3) | (60.5) | (78.1) | (57.9) | (48.5) | (39.0) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (320.6) | (246.5) | (212.8) | (166.6) | (140.7) | (137.1) | (103.1) | (128.7) | (95.0) | (180.8) | (92.7) | (68.3) | (60.5) | (78.1) | (57.9) | (48.5) | (39.0) | ||||||||||||
| Net Income Attributable To Parent | (320.6) | (246.5) | (212.8) | (166.6) | (140.7) | (137.1) | (103.1) | (128.7) | (95.0) | (180.8) | (92.7) | (68.3) | (60.5) | (78.1) | (57.9) | (48.5) | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (320.6) | (246.5) | (212.8) | (166.6) | (140.7) | (137.1) | (103.1) | (128.7) | (95.0) | (180.8) | (92.7) | (68.3) | (60.5) | (78.1) | (57.9) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | (2.30) | - | (1.56) | (1.22) | (1.04) | - | (0.83) | (1.10) | (0.85) | - | (0.91) | (0.70) | (0.70) | - | (0.93) | (0.80) | (0.68) | - | (0.51) | (0.46) | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (2.30) | - | (1.56) | (1.22) | (1.04) | - | (0.83) | (1.10) | (0.85) | - | (0.91) | (0.70) | (0.70) | - | (0.93) | (0.80) | (0.68) | - | |||||||||||
| Shares Basic | 139.5 | - | 136.2 | 136.0 | 135.7 | - | 123.7 | 117.3 | 111.7 | - | 101.7 | 98.1 | 86.2 | - | 62.0 | 60.8 | 57.5 | - | |||||||||||
| Shares Diluted | 139.5 | - | 136.2 | 136.0 | 135.7 | - | 123.7 | 117.3 | 111.7 | - | 101.7 | 98.1 | 86.2 | - | 62.0 | 60.8 | 57.5 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | (342.9) | - | - | - | (177.8) | (159.4) | (138.1) | (151.6) | (113.5) | (195.8) | (112.2) | (86.3) | (70.5) | (85.6) | (57.9) | (47.3) | (38.6) | (29.4) | (26.5) | (23.2) | (22.8) | (19.1) | (21.0) | (20.8) | (27.2) | - | (11.8) | (11.9) | - |
| EBIT | (345.9) | (274.3) | (242.4) | (226.2) | (180.8) | (162.2) | (139.9) | (153.0) | (114.5) | (196.7) | (113.0) | (87.1) | (71.2) | (86.6) | (58.6) | (47.9) | (39.2) | (29.8) | (27.0) | ||||||||||
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - |
| General & Administrative | 129.8 | 129.4 | 92.9 | 60.7 | 39.8 | 25.3 | 16.0 | 8.5 | 5.4 |
| Depreciation & Amortization | - | 16.4 | 7.0 | 3.2 | 2.8 | 1.8 | 1.4 | 1.2 | 1.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 1,088.7 | 923.7 | 569.5 | 468.0 | 232.3 | 103.7 | 89.6 | 54.2 | 35.5 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.1 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 142.2 | 157.0 | 105.6 | 65.8 | 8.8 | 3.6 | 0.4 | 3.9 | 6.0 |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - |
| (223.5) |
| (100.1) |
| (89.2) |
| (50.3) |
| (29.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (946.5) | (766.6) | (463.9) | (402.3) | (223.5) | (100.1) | (89.2) | (50.3) | (29.5) |
| Net Income Attributable To Parent | (946.5) | (766.6) | (463.9) | (402.3) | (223.5) | (100.1) | (89.2) | (50.3) | (29.5) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (946.5) | (766.6) | (463.9) | (402.3) | (223.5) | (100.1) | (89.2) | (50.3) | (29.5) |
| (1.93) |
| (3.02) |
| - |
| - |
| Shares Basic | 139.5 | 136.1 | 122.0 | 97.2 | 64.9 | 51.9 | 29.5 | - | - |
| Shares Diluted | 139.5 | 136.1 | 122.0 | 97.2 | 64.9 | 51.9 | 29.5 | - | - |
| (103.7) |
| (89.6) |
| (54.2) |
| (35.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 6.8 |
| 6.5 |
| 6.1 |
| 5.9 |
| 4.8 |
| 4.9 |
| 3.0 |
| 3.3 |
| - |
| 2.5 |
| 2.3 |
| - |
| 0.6 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.4 |
| 0.4 |
| - |
| 0.3 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 39.2 |
| 29.8 |
| 27.0 |
| 23.7 |
| 23.1 |
| 19.5 |
| 21.3 |
| 21.2 |
| 27.6 |
| - |
| 12.1 |
| 12.2 |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| 0.0 |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.3 |
| 0.3 |
| 0.1 |
| 1.9 |
| (1.3) |
| 0.3 |
| 0.9 |
| 0.5 |
| - |
| 0.8 |
| 1.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (28.6) |
| (26.6) |
| (23.7) |
| (21.2) |
| (20.7) |
| (21.0) |
| (20.3) |
| (27.1) |
| (14.6) |
| (11.3) |
| (10.7) |
| (13.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (28.6) |
| (26.6) |
| (23.7) |
| (21.2) |
| (20.7) |
| (21.0) |
| (20.3) |
| (27.1) |
| (14.6) |
| (11.3) |
| (10.7) |
| (13.7) |
| (39.0) |
| (28.6) |
| (26.6) |
| (23.7) |
| (21.2) |
| (20.7) |
| (21.0) |
| (20.3) |
| (27.1) |
| (14.6) |
| (11.3) |
| (10.7) |
| (13.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (48.5) |
| (39.0) |
| (28.6) |
| (26.6) |
| (23.7) |
| (21.2) |
| (20.7) |
| (21.0) |
| (20.3) |
| (27.1) |
| (14.6) |
| (11.3) |
| (10.7) |
| (13.7) |
| (0.51) |
| (0.46) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 52.2 |
| 51.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 52.2 |
| 51.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (23.7) |
| (23.1) |
| (19.5) |
| (21.3) |
| (21.2) |
| (27.6) |
| - |
| (12.1) |
| (12.2) |
| - |