| (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 | Q3 FY 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||
| Revenues | 452.8 | 442.2 | 419.5 | 411.9 | 361.6 | 351.9 | 336.5 | 306.4 | 269.1 | 264.8 | 241.6 | 234.0 | 203.9 | 191.0 | 169.3 | 157.3 | ||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 1,726.3 | 1,635.1 | 1,264.0 | 944.3 | 653.6 | 458.6 | 257.0 | 126.6 |
| Cost of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||
| Research & Development | 319.7 | 313.9 | 269.8 | 219.9 | 138.7 | 64.1 | 40.8 | 32.0 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | 119.0 | 77.5 | (39.1) | (114.2) | (121.0) | (39.7) | (29.2) | (50.6) |
| Non-Operating | ||||||||
| Interest Income | 7.6 | 7.7 | 8.1 | 7.4 | 4.1 | 0.1 | 0.3 | 1.1 |
| Interest Expense | 8.8 | 7.6 | 3.2 | 2.4 | 1.3 | 1.3 | ||
| Tax & Net | ||||||||
| Income Tax Expense | 3.1 | 3.7 | 6.7 | 5.9 | 1.0 | 1.0 | 1.2 | 0.3 |
| Net Income From Continuing Ops | 105.6 | 67.9 | (37.0) | (117.8) | (114.0) | |||
| Per Share | ||||||||
| EPS Basic | 0.50 | 0.33 | (0.19) | (0.65) | (0.68) | (0.64) | (1.52) | (2.98) |
| EPS Diluted | 0.49 | 0.31 | (0.19) | (0.65) | (0.68) | (0.64) | ||
| Supplementary Data | ||||||||
| EBITDA | 144.8 | 102.5 | (21.0) | (101.1) | (114.3) | (34.5) | (25.1) | (47.9) |
| EBIT | 119.0 | 77.5 | (39.1) | (114.2) | (121.0) | (39.7) | ||
| 136.0 |
| 135.3 |
| 121.2 |
| 111.1 |
| 91.1 |
| 71.8 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||
| Research & Development | 79.6 | 82.1 | 80.4 | 77.5 | 73.9 | 70.6 | 68.4 | 67.6 | 63.2 | 59.2 | 57.0 | 54.3 | 49.4 | 42.9 | 36.2 | 36.1 | 23.6 | 19.1 | 18.1 | 15.2 | 11.6 | 10.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| General & Administrative | 55.1 | 56.7 | 56.0 | 59.6 | 52.8 | 54.9 | 50.9 | 45.9 | 44.2 | 48.7 | 49.8 | 39.5 | 41.4 | 34.9 | 35.5 | 37.5 | 23.3 | |||||
| Depreciation & Amortization | 6.2 | 6.9 | 6.4 | 6.3 | 5.4 | 5.8 | 4.7 | 3.9 | 3.7 | 3.5 | 3.4 | 3.2 | 3.0 | 1.9 | 1.8 | 1.5 | ||||||
| Amortization of Intangibles | 0.5 | 2.0 | 2.1 | 2.1 | 2.1 | 2.1 | 1.7 | 1.2 | 1.2 | 1.3 | 1.2 | 1.2 | 1.2 | - | - | - | - | |||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Total Operating Expenses | 399.1 | 403.4 | 407.7 | 397.2 | 349.4 | 355.6 | 336.2 | 322.2 | 289.1 | 295.8 | 278.5 | 252.3 | 231.9 | 213.9 | 204.9 | 196.6 | ||||||
| Operating Income | ||||||||||||||||||||||
| Operating Income | 53.7 | 38.8 | 11.8 | 14.6 | 12.2 | (3.7) | 0.4 | (15.8) | (20.0) | (31.0) | (36.9) | (18.2) | (28.1) | (22.9) | (35.6) | (39.4) | (23.2) | (16.5) | (12.7) | (1.9) | (8.6) | (1.8) |
| Non-Operating | ||||||||||||||||||||||
| Interest Income | 1.7 | 1.8 | 2.1 | 2.1 | 1.8 | 1.8 | 2.1 | 1.9 | 2.2 | 2.2 | 1.8 | 1.4 | 2.0 | 2.3 | 1.4 | 0.4 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
| Interest Expense | 2.4 | 2.5 | 2.1 | 1.7 | 1.3 | 1.0 | 0.8 | 0.7 | 0.8 | 0.8 | 0.6 | 0.6 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | ||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Other Non-Operating Income | (0.9) | (1.9) | 0.7 | (6.9) | 2.2 | (2.3) | 2.1 | 5.8 | (1.6) | (0.1) | 0.3 | (1.5) | (1.5) | 1.1 | 1.8 | 1.7 | 0.7 | |||||
| Pre-Tax Income | 52.1 | 36.1 | 12.4 | 8.1 | 14.9 | (5.1) | 3.8 | (8.8) | (20.1) | (29.6) | (35.4) | (19.0) | (27.9) | (19.8) | (32.8) | (37.6) | ||||||
| Tax & Net | ||||||||||||||||||||||
| Income Tax Expense | 3.0 | (5.1) | 3.6 | 1.6 | 3.6 | 0.6 | 1.9 | 3.3 | 1.0 | 5.4 | 0.3 | (0.1) | 0.4 | (0.4) | 0.3 | 0.7 | 0.5 | (0.0) | 0.3 | 0.5 | 0.4 | 0.2 |
| Net Income From Continuing Ops | 49.1 | 41.2 | 8.8 | 6.5 | 11.4 | (5.7) | 1.9 | (12.1) | (21.1) | (35.0) | (35.7) | (18.9) | (28.3) | (19.4) | (33.1) | (38.2) | (23.3) | |||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income | 49.1 | 41.2 | 8.8 | 6.5 | 11.4 | (5.7) | 1.9 | (12.1) | (21.1) | (35.0) | (35.7) | (18.9) | (28.3) | (19.4) | (33.1) | (38.2) | (23.3) | |||||
| Net Income Attributable To Parent | 49.1 | 41.2 | 8.8 | 6.5 | 11.4 | (5.7) | 1.9 | (12.1) | (21.1) | (35.0) | (35.7) | (18.9) | (28.3) | (19.4) | (33.1) | (38.2) | ||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income To Common Shareholders | 49.1 | 41.2 | 8.8 | 6.5 | 11.4 | (5.7) | 1.9 | (12.1) | (21.1) | (35.0) | (35.7) | (18.9) | (28.3) | (19.4) | (33.1) | |||||||
| Per Share | ||||||||||||||||||||||
| EPS Basic | 0.23 | - | 0.04 | 0.03 | 0.06 | - | 0.01 | (0.06) | (0.11) | - | (0.20) | (0.11) | (0.16) | - | (0.20) | (0.23) | (0.14) | - | (0.41) | (0.06) | (0.34) | (0.11) |
| EPS Diluted | 0.23 | - | 0.04 | 0.03 | 0.05 | - | 0.01 | (0.06) | (0.11) | - | (0.20) | (0.11) | (0.16) | - | (0.20) | (0.23) | (0.14) | - | ||||
| Shares Basic | 211.0 | - | 207.2 | 204.7 | 201.7 | - | 196.2 | 193.5 | 189.8 | - | 182.6 | 179.1 | 175.1 | - | 168.6 | 166.5 | 164.4 | - | ||||
| Shares Diluted | 217.0 | - | 217.2 | 219.0 | 218.4 | - | 205.3 | 193.5 | 189.8 | - | 182.6 | 179.1 | 175.1 | - | 168.6 | 166.5 | 164.4 | - | ||||
| Supplementary Data | ||||||||||||||||||||||
| EBITDA | 59.9 | 45.7 | 18.2 | 21.0 | 17.6 | 2.1 | 5.0 | (11.9) | (16.3) | (27.5) | (33.5) | (15.0) | (25.0) | (21.0) | (33.8) | (37.9) | (21.7) | (15.2) | (11.3) | (0.6) | (7.3) | (0.8) |
| EBIT | 53.7 | 38.8 | 11.8 | 14.6 | 12.2 | (3.7) | 0.4 | (15.8) | (20.0) | (31.0) | (36.9) | (18.2) | (28.1) | (22.9) | (35.6) | (39.4) | (23.2) | (16.5) | (12.7) | |||
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - |
| General & Administrative | 227.4 | 225.1 | 195.9 | 179.4 | 131.3 | 70.9 | 31.7 | 25.7 |
| Depreciation & Amortization | 25.8 | 25.0 | 18.1 | 13.1 | 6.7 | 5.3 | 4.1 | 2.7 |
| Amortization of Intangibles | 6.7 | 8.3 | 6.2 | 4.9 | 0.0 | 0.0 | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 1,607.4 | 1,557.7 | 1,303.0 | 1,058.5 | 774.6 | 498.3 | 286.1 | 177.2 |
| 1.2 |
| 1.6 |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (9.0) | (5.9) | 4.0 | (2.8) | 5.2 | 3.1 | (1.3) | (0.0) |
| Pre-Tax Income | 108.8 | 71.6 | (30.3) | (111.9) | (113.0) | (37.7) | (31.4) | (51.1) |
| (38.8) |
| (32.6) |
| (51.4) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | 105.6 | 67.9 | (37.0) | (117.8) | (114.0) | (38.8) | (32.6) | (51.4) |
| Net Income Attributable To Parent | 105.6 | 67.9 | (37.0) | (117.8) | (114.0) | (38.8) | (32.6) | (51.4) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | 105.6 | 67.9 | (37.0) | (117.8) | (114.0) | (38.8) | (32.6) | (63.5) |
| (1.52) |
| (2.98) |
| Shares Basic | 211.0 | 205.8 | 194.6 | 180.8 | 167.8 | 60.7 | 21.5 | 21.3 |
| Shares Diluted | 217.0 | 217.6 | 194.6 | 180.8 | 167.8 | 60.7 | 21.5 | 21.3 |
| (29.2) |
| (50.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 23.5 |
| 24.5 |
| 12.0 |
| 10.9 |
| 7.7 |
| 1.5 |
| 1.4 |
| 1.3 |
| 1.3 |
| 1.2 |
| 1.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 159.2 |
| 151.8 |
| 133.9 |
| 113.0 |
| 99.6 |
| 73.5 |
| 0.5 |
| 0.3 |
| 0.3 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.4 |
| 1.2 |
| 1.4 |
| (0.2) |
| (22.8) |
| (16.6) |
| (12.7) |
| (1.0) |
| (7.4) |
| (2.2) |
| (16.6) |
| (13.0) |
| (1.4) |
| (7.8) |
| (2.4) |
| - |
| - |
| - |
| - |
| - |
| (16.6) |
| (13.0) |
| (1.4) |
| (7.8) |
| (2.4) |
| (23.3) |
| (16.6) |
| (13.0) |
| (1.4) |
| (7.8) |
| (2.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (38.2) |
| (23.3) |
| (16.6) |
| (13.0) |
| (1.4) |
| (7.8) |
| (2.4) |
| (0.41) |
| (0.06) |
| (0.34) |
| (0.11) |
| 31.6 |
| 23.7 |
| 22.7 |
| 21.9 |
| 31.6 |
| 23.7 |
| 22.7 |
| 21.9 |
| (1.9) |
| (8.6) |
| (1.8) |