| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||
| Revenues | 1,442.0 | 1,415.2 | 1,359.6 | 1,080.7 | 1,035.0 | 988.2 | 919.0 | 893.5 | 801.3 | 749.9 | 713.2 | 680.8 | 655.3 | 579.0 | 517.7 | 591.2 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 5,297.6 | 4,890.6 | 3,602.0 | 2,799.3 | 2,225.1 | 1,919.2 | 923.9 | 508.4 |
| Cost of Revenue | 1,141.3 | 1,072.3 | 801.2 | 649.1 | 547.7 | 496.9 | 239.9 | 122.4 |
| Gross Profit | 4,156.3 | 3,818.3 | 2,800.8 | 2,150.2 | 1,677.4 | 1,422.3 | 684.0 | 386.0 |
| Operating Expenses | ||||||||
| Research & Development | 1,615.7 | 1,567.7 | 1,444.2 | 1,253.6 | 873.5 | 533.2 | 201.4 | 107.1 |
| Selling General & Administrative | - | - | - | - | ||||
| Operating Income | ||||||||
| Operating Income | (1,271.3) | (1,232.3) | (1,063.3) | (1,259.1) | (923.8) | (495.1) | (266.1) | (76.4) |
| Non-Operating | ||||||||
| Interest Income | 210.6 | 201.6 | 179.5 | 141.8 | 38.8 | 0.1 | - | - |
| Interest Expense | 41.5 | 41.5 | 41.2 | 40.7 | 39.9 | 7.0 | ||
| Tax & Net | ||||||||
| Income Tax Expense | 3.6 | 3.6 | 4.1 | 0.5 | 3.6 | (0.3) | (6.7) | 0.0 |
| Net Income From Continuing Ops | (1,103.6) | (1,071.6) | (940.6) | (1,158.9) | (934.1) | |||
| Per Share | ||||||||
| EPS Basic | (1.54) | (1.54) | (1.44) | (1.87) | (1.55) | (0.97) | (1.39) | (0.44) |
| EPS Diluted | (1.54) | (1.54) | (1.44) | (1.87) | (1.55) | (0.97) | ||
| Supplementary Data | ||||||||
| EBITDA | (1,038.5) | (1,006.5) | (836.9) | (1,050.9) | (793.7) | (419.5) | (222.3) | (48.8) |
| EBIT | (1,271.3) | (1,232.3) | (1,063.3) | (1,259.1) | (923.8) | (495.1) | ||
| 537.1 |
| 568.8 |
| 509.3 |
| 454.1 |
| 387.0 |
| 310.0 |
| 251.9 |
| 200.4 |
| 161.6 |
| Cost of Revenue | 294.0 | 314.7 | 296.5 | 236.1 | 225.0 | 218.7 | 205.0 | 198.6 | 178.9 | 171.7 | 163.6 | 162.0 | 151.8 | 142.4 | 126.4 | 143.2 | 135.6 | 152.0 | 130.0 | 116.9 | 97.9 | 78.6 | 65.8 | 53.7 | 41.8 |
| Gross Profit | 1,148.0 | 1,100.5 | 1,063.2 | 844.6 | 810.0 | 769.4 | 714.0 | 695.0 | 622.4 | 578.3 | 549.6 | 518.7 | 503.5 | 436.6 | 391.3 | 448.1 | 401.5 | 416.8 | 379.3 | 337.2 | 289.0 | 231.4 | 186.1 | 146.7 | 119.8 |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 422.0 | 410.4 | 398.3 | 385.0 | 374.0 | 355.0 | 365.4 | 361.7 | 362.1 | 341.1 | 321.6 | 315.3 | 275.5 | 248.4 | 235.6 | 211.8 | 177.8 | 173.6 | 138.2 | 124.7 | 96.6 | 60.1 | 51.7 | 40.2 | 49.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | 64.0 | 78.2 | 67.1 | 52.8 | 48.0 | 49.8 | 52.6 | 36.3 | 35.5 | 48.5 | 40.9 | 30.3 | 26.8 | 29.7 | 32.1 | 26.5 | 29.1 | ||||||||
| General & Administrative | 209.0 | 164.0 | 145.0 | 152.2 | 119.0 | 105.3 | 98.7 | 105.6 | 97.8 | 98.8 | 97.5 | 96.2 | 97.6 | 79.7 | 81.2 | 78.7 | 57.8 | ||||||||
| Depreciation & Amortization | 61.0 | 66.9 | 55.3 | 49.6 | 54.0 | 56.3 | 68.6 | 47.8 | 53.7 | 64.2 | 48.4 | 48.1 | 47.4 | 50.8 | 29.8 | 25.0 | |||||||||
| Amortization of Intangibles | - | 6.0 | 4.1 | 4.1 | 4.2 | 4.1 | 4.7 | 5.0 | 5.1 | 5.1 | 5.2 | 4.5 | 4.5 | 4.4 | 4.2 | 4.0 | 3.8 | ||||||||
| Other Operating Expenses | 2.0 | (3.2) | (1.8) | 5.1 | 4.0 | (10.2) | 2.4 | (3.3) | (0.3) | 0.9 | (4.3) | 3.3 | (0.4) | 2.0 | (4.3) | (3.1) | (0.4) | ||||||||
| Total Operating Expenses | 1,736.0 | 1,773.6 | 1,656.2 | 1,403.1 | 1,290.0 | 1,232.3 | 1,197.9 | 1,131.5 | 1,103.6 | 1,105.1 | 1,013.3 | 994.8 | 945.2 | 880.9 | 817.7 | ||||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (294.0) | (358.3) | (296.5) | (322.5) | (255.0) | (244.1) | (278.9) | (237.9) | (302.3) | (355.2) | (300.0) | (314.0) | (289.8) | (301.9) | (300.0) | (170.3) | (151.6) | (139.7) | (77.4) | (142.9) | (135.1) | (68.6) | (51.5) | (73.0) | (73.0) |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 55.0 | 54.7 | 52.1 | 48.8 | 46.0 | 46.3 | 46.7 | 44.4 | 42.2 | 39.5 | 36.4 | 34.8 | 31.1 | 21.6 | 12.8 | 4.2 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - |
| Interest Expense | 10.0 | 10.8 | 10.4 | 10.3 | 10.0 | 10.3 | 10.3 | 10.2 | 10.4 | 10.3 | 10.3 | 10.1 | 10.0 | 10.0 | 10.0 | 9.9 | 10.0 | 7.0 | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Pre-Tax Income | (247.0) | (317.6) | (256.6) | (278.8) | (215.0) | (218.4) | (240.1) | (207.1) | (270.9) | (325.1) | (278.1) | (286.1) | (269.2) | (288.3) | (301.6) | (179.0) | |||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | 1.0 | 0.8 | 0.8 | 1.0 | 1.0 | 2.6 | 0.3 | 0.1 | 1.1 | 0.3 | 0.7 | (1.2) | 0.7 | 3.2 | 0.4 | (0.3) | 0.3 | 0.7 | (1.0) | 0.0 | 0.0 | (6.7) | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (248.0) | (318.4) | (257.4) | (279.8) | (216.0) | (221.1) | (240.4) | (207.2) | (271.9) | (325.3) | (278.8) | (284.8) | (269.9) | (291.5) | (301.9) | (178.7) | (162.0) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (248.0) | (318.4) | (257.4) | (279.8) | (216.0) | (221.1) | (240.4) | (207.2) | (271.9) | (325.3) | (278.8) | (284.8) | (269.9) | (291.5) | (301.9) | (178.7) | (162.0) | ||||||||
| Net Income Attributable To Parent | (246.0) | (316.1) | (255.6) | (278.4) | (215.0) | (219.6) | (239.3) | (205.9) | (270.6) | (323.7) | (277.2) | (282.8) | (268.3) | (289.9) | (297.8) | (176.4) | |||||||||
| Less: Minority Interest | (2.0) | (2.4) | (1.7) | (1.4) | (1.0) | (1.5) | (1.1) | (1.3) | (1.3) | (1.6) | (1.7) | (2.1) | (1.6) | (1.6) | (4.1) | (2.3) | (1.8) | ||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (246.0) | (316.1) | (255.6) | (278.4) | (215.0) | (219.6) | (239.3) | (205.9) | (270.6) | (323.7) | (277.2) | (282.8) | (268.3) | (289.9) | (297.8) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (0.35) | - | (0.37) | (0.41) | (0.32) | - | (0.37) | (0.32) | (0.43) | - | (0.45) | (0.46) | (0.44) | - | (0.50) | (0.30) | (0.27) | - | (0.13) | (0.25) | (0.46) | - | (0.26) | (0.40) | - |
| EPS Diluted | (0.35) | - | (0.37) | (0.41) | (0.32) | - | (0.37) | (0.32) | (0.43) | - | (0.45) | (0.46) | (0.44) | - | (0.50) | (0.30) | (0.27) | - | |||||||
| Shares Basic | 711.7 | - | 697.3 | 684.8 | 671.7 | - | 651.0 | 642.8 | 635.0 | - | 619.4 | 612.7 | 606.6 | - | 597.8 | 593.9 | 588.5 | - | |||||||
| Shares Diluted | 711.7 | - | 697.3 | 684.8 | 671.7 | - | 651.0 | 642.8 | 635.0 | - | 619.4 | 612.7 | 606.6 | - | 597.8 | 593.9 | 588.5 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (233.0) | (291.4) | (241.2) | (272.9) | (201.0) | (187.8) | (210.3) | (190.1) | (248.6) | (291.0) | (251.6) | (265.9) | (242.4) | (251.1) | (270.2) | (145.3) | (127.1) | (112.6) | (61.1) | (127.2) | (118.4) | (54.9) | (40.2) | (63.3) | (63.9) |
| EBIT | (294.0) | (358.3) | (296.5) | (322.5) | (255.0) | (244.1) | (278.9) | (237.9) | (302.3) | (355.2) | (300.0) | (314.0) | (289.8) | (301.9) | (300.0) | (170.3) | (151.6) | (139.7) | (77.4) | ||||||
| - |
| - |
| - |
| - |
| Selling & Marketing | 262.2 | 246.2 | 174.2 | 146.5 | 117.4 | 86.4 | 58.4 | 44.7 |
| General & Administrative | 670.1 | 580.1 | 407.5 | 390.1 | 297.3 | 303.0 | 97.3 | 41.9 |
| Depreciation & Amortization | 232.8 | 225.8 | 226.4 | 208.1 | 130.1 | 75.6 | 43.8 | 27.7 |
| Amortization of Intangibles | - | 18.4 | 18.9 | 19.3 | 16.4 | 10.8 | 1.1 | 0.0 |
| Other Operating Expenses | 2.2 | 4.2 | (11.5) | (0.5) | (5.7) | (1.8) | (0.0) | (1.2) |
| Total Operating Expenses | 6,568.9 | 6,122.9 | 4,665.3 | 4,058.3 | 3,148.8 | 2,414.3 | 1,190.0 | 584.8 |
| 0.0 |
| 0.0 |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - | - | - | - |
| Pre-Tax Income | (1,100.0) | (1,068.0) | (936.5) | (1,158.5) | (930.6) | (503.8) | (264.3) | (71.1) |
| (503.5) |
| (257.7) |
| (71.1) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (1,103.6) | (1,071.6) | (940.6) | (1,158.9) | (934.1) | (503.5) | (257.7) | (71.1) |
| Net Income Attributable To Parent | (1,096.1) | (1,065.1) | (935.4) | (1,151.9) | (924.4) | (491.7) | (253.3) | (71.0) |
| Less: Minority Interest | (7.6) | (6.6) | (5.2) | (7.0) | (9.8) | (11.8) | (4.4) | (0.1) |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (1,096.1) | (1,065.1) | (935.4) | (1,151.9) | (924.4) | (491.7) | (253.3) | (71.0) |
| (1.39) |
| (0.44) |
| Shares Basic | 711.7 | 689.6 | 647.5 | 616.4 | 595.6 | 505.9 | 182.1 | 163.1 |
| Shares Diluted | 711.7 | 689.6 | 647.5 | 616.4 | 595.6 | 505.9 | 182.1 | 163.1 |
| (266.1) |
| (76.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 27.8 |
| 19.6 |
| 19.0 |
| 20.0 |
| 16.0 |
| 12.9 |
| 13.9 |
| 15.7 |
| 59.4 |
| 51.6 |
| 97.7 |
| 94.4 |
| 31.9 |
| 16.2 |
| 18.7 |
| 30.6 |
| 24.5 |
| 27.0 |
| 16.3 |
| 15.7 |
| 16.6 |
| 13.7 |
| 11.3 |
| 9.7 |
| 9.1 |
| 3.9 |
| 2.7 |
| 2.1 |
| 2.1 |
| - |
| - |
| - |
| 2.1 |
| 0.0 |
| (0.8) |
| 0.0 |
| (1.1) |
| 1.3 |
| 1.3 |
| 0.5 |
| (3.2) |
| 761.5 |
| 688.7 |
| 708.4 |
| 586.8 |
| 597.0 |
| 522.0 |
| 378.6 |
| 303.4 |
| 273.4 |
| 234.5 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (161.7) |
| (146.6) |
| (78.2) |
| (142.9) |
| (136.1) |
| (67.2) |
| (50.0) |
| (72.3) |
| (74.9) |
| (147.3) |
| (77.2) |
| (142.9) |
| (136.1) |
| (60.5) |
| (50.0) |
| (72.3) |
| (74.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (147.3) |
| (77.2) |
| (142.9) |
| (136.1) |
| (60.5) |
| (50.0) |
| (72.3) |
| (74.9) |
| (160.2) |
| (143.3) |
| (74.0) |
| (140.1) |
| (134.2) |
| (58.7) |
| (48.6) |
| (71.5) |
| (74.4) |
| (4.0) |
| (3.2) |
| (2.8) |
| (1.9) |
| (1.8) |
| (1.4) |
| (0.7) |
| (0.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (176.4) |
| (160.2) |
| (143.3) |
| (74.0) |
| (140.1) |
| (134.2) |
| (58.7) |
| (48.6) |
| (71.5) |
| (74.4) |
| (0.13) |
| (0.25) |
| (0.46) |
| - |
| (0.26) |
| (0.40) |
| - |
| 575.9 |
| 571.3 |
| 291.1 |
| - |
| 183.5 |
| 180.3 |
| - |
| 575.9 |
| 571.3 |
| 291.1 |
| - |
| 183.5 |
| 180.3 |
| - |
| (142.9) |
| (135.1) |
| (68.6) |
| (51.5) |
| (73.0) |
| (73.0) |