| (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 | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | 0.0 | 3.8 | 7.0 | 15.3 | 3.4 | 9.1 | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | - | 0.0 | 0.0 | 11.6 | 35.4 | 29.4 | 43.0 | 50.0 | 20.2 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||
| Research & Development | 1,125.6 | 987.3 | 592.2 | 423.1 | 253.1 | 186.9 | 132.3 | 91.8 | 51.1 |
| Selling General & Administrative | - | - | - | - | |||||
| Operating Income | |||||||||
| Operating Income | (1,386.8) | (1,182.4) | (689.5) | (487.2) | (258.3) | (188.0) | (110.7) | (54.1) | (40.3) |
| Non-Operating | |||||||||
| Interest Income | 85.3 | 90.7 | 86.9 | 47.5 | 9.2 | 0.9 | 2.2 | 2.2 | 0.8 |
| Interest Expense | - | 24.2 | 0.0 | 0.0 | 0.0 | ||||
| Tax & Net | |||||||||
| Income Tax Expense | - | 0.0 | (0.8) | (3.5) | (0.4) | 0.0 | (0.4) | (4.4) | - |
| Net Income From Continuing Ops | (1,371.7) | (1,131.3) | (600.1) | (436.4) | |||||
| Per Share | |||||||||
| EPS Basic | (6.92) | (5.95) | (3.58) | (3.86) | (3.08) | (2.57) | (2.01) | - | - |
| EPS Diluted | (6.92) | (5.95) | (3.58) | (3.86) | (3.08) | ||||
| Supplementary Data | |||||||||
| EBITDA | (1,378.8) | (1,175.0) | (683.3) | (482.2) | (254.3) | (184.9) | (108.1) | (51.8) | (38.8) |
| EBIT | (1,386.8) | (1,182.4) | (689.5) | (487.2) | (258.3) | ||||
| 7.6 |
| 9.5 |
| 1.1 |
| 8.7 |
| 10.1 |
| 8.8 |
| 12.7 |
| 10.0 |
| 11.5 |
| 12.1 |
| 12.5 |
| 12.3 |
| 13.2 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 344.0 | 294.9 | 262.5 | 224.1 | 205.7 | 187.5 | 151.8 | 134.9 | 118.0 | 148.5 | 107.7 | 98.0 | 68.9 | 66.1 | 69.5 | 61.0 | 56.5 | 53.7 | 46.5 | 45.9 | 40.9 | 37.0 | 34.9 | 32.9 | 27.5 | 27.5 | 23.0 | 20.1 | 21.2 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| General & Administrative | 101.3 | 66.7 | 52.8 | 40.6 | 35.0 | 28.8 | 24.0 | 21.7 | 22.8 | 32.2 | 15.5 | 14.6 | 13.2 | 10.9 | 10.4 | 10.2 | 9.0 | ||||||||||||
| Depreciation & Amortization | 2.2 | 2.1 | 2.0 | 1.7 | 1.6 | 1.5 | 1.6 | 1.6 | 1.5 | 1.3 | 1.3 | 1.2 | 1.2 | 1.2 | 1.0 | 0.9 | |||||||||||||
| Amortization of Intangibles | 0.0 | 0.0 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 445.2 | 361.6 | 315.3 | 264.7 | 240.8 | 216.3 | 175.7 | 156.6 | 140.9 | 180.7 | 123.2 | 112.6 | 82.2 | 77.0 | 79.9 | 71.2 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (445.2) | (361.6) | (315.3) | (264.7) | (240.8) | (216.3) | (175.7) | (156.6) | (140.9) | (180.0) | (123.2) | (108.8) | (75.2) | (61.7) | (76.5) | (62.1) | (57.9) | (52.9) | (53.2) | (44.5) | (37.4) | (34.1) | (27.6) | (28.0) | (21.1) | (19.6) | (13.6) | (10.6) | (10.4) |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | 19.5 | 21.3 | 22.1 | 22.4 | 24.9 | 21.2 | 20.4 | 21.5 | 23.8 | 19.0 | 10.9 | 10.5 | 7.1 | 5.1 | 2.9 | 0.9 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.7 | 0.9 | 0.6 | 0.8 | 0.5 | 0.3 |
| Interest Expense | 12.2 | - | 11.4 | - | 0.0 | - | 0.0 | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Non-Operating Income | (8.6) | (3.3) | 10.1 | 16.9 | 27.3 | 21.0 | 19.4 | 23.4 | 24.9 | 18.8 | 10.9 | 10.5 | 7.1 | 5.1 | 2.9 | 0.9 | 0.3 | ||||||||||||
| Pre-Tax Income | (453.8) | (364.9) | (305.2) | (247.8) | (213.4) | (195.3) | (156.3) | (133.2) | (116.0) | (161.2) | (112.3) | (98.3) | (68.1) | (56.6) | (73.6) | (61.2) | |||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | (0.8) | 0.0 | 0.0 | 0.0 | 0.3 | (3.9) | 0.0 | 0.0 | (0.1) | (0.3) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | (0.1) | (0.7) | - | - | - | - |
| Net Income From Continuing Ops | (453.8) | (364.9) | (305.2) | (247.8) | (213.4) | (194.6) | (156.3) | (133.2) | (116.0) | (161.5) | (108.4) | (98.3) | (68.1) | (56.5) | (73.3) | (61.2) | (57.6) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (453.8) | (364.9) | (305.2) | (247.8) | (213.4) | (194.6) | (156.3) | (133.2) | (116.0) | (161.5) | (108.4) | (98.3) | (68.1) | (56.5) | (73.3) | (61.2) | (57.6) | ||||||||||||
| Net Income Attributable To Parent | (453.8) | (364.9) | (305.2) | (247.8) | (213.4) | (194.6) | (156.3) | (133.2) | (116.0) | (161.5) | (108.4) | (98.3) | (68.1) | (56.5) | (73.3) | (61.2) | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (453.8) | (364.9) | (305.2) | (247.8) | (213.4) | (194.6) | (156.3) | (133.2) | (116.0) | (161.5) | (108.4) | (98.3) | (68.1) | (56.5) | (73.3) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | (2.29) | - | (1.61) | (1.31) | (1.13) | - | (0.94) | (0.81) | (0.70) | - | (0.99) | (0.92) | (0.72) | - | (0.87) | (0.82) | (0.78) | - | (0.72) | (0.60) | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (2.29) | - | (1.61) | (1.31) | (1.13) | - | (0.94) | (0.81) | (0.70) | - | (0.99) | (0.92) | (0.72) | - | (0.87) | (0.82) | (0.78) | - | |||||||||||
| Shares Basic | 198.1 | - | 189.2 | 188.6 | 188.1 | - | 166.8 | 165.1 | 164.7 | - | 109.2 | 106.9 | 94.8 | - | 84.7 | 74.3 | 74.2 | - | |||||||||||
| Shares Diluted | 198.1 | - | 189.2 | 188.6 | 188.1 | - | 166.8 | 165.1 | 164.7 | - | 109.2 | 106.9 | 94.8 | - | 84.7 | 74.3 | 74.2 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | (443.0) | (359.5) | (313.3) | (263.0) | (239.2) | (214.8) | (174.1) | (155.0) | (139.4) | (178.7) | (121.9) | (107.6) | (74.0) | (60.5) | (75.5) | (61.2) | (57.0) | (52.1) | (52.4) | (43.7) | (36.7) | (33.4) | (26.9) | (27.4) | (20.5) | (18.9) | (13.0) | (10.1) | (9.9) |
| EBIT | (445.2) | (361.6) | (315.3) | (264.7) | (240.8) | (216.3) | (175.7) | (156.6) | (140.9) | (180.0) | (123.2) | (108.8) | (75.2) | (61.7) | (76.5) | (62.1) | (57.9) | (52.9) | (53.2) | ||||||||||
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - |
| General & Administrative | 261.3 | 195.0 | 97.3 | 75.6 | 40.6 | 30.5 | 21.4 | 12.4 | 9.4 |
| Depreciation & Amortization | 8.0 | 7.4 | 6.2 | 5.0 | 4.0 | 3.1 | 2.6 | 2.3 | 1.6 |
| Amortization of Intangibles | 0.6 | 0.9 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 0.2 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 1,386.8 | 1,182.4 | 689.5 | 498.8 | 293.7 | 217.4 | 153.7 | 104.2 | 60.5 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.1 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 15.1 | 51.1 | 88.7 | 47.3 | 9.2 | 0.9 | 2.2 | 2.1 | (1.5) |
| Pre-Tax Income | (1,371.7) | (1,131.3) | (600.8) | (439.9) | (249.1) | (187.1) | (108.5) | (52.0) | (41.8) |
| (248.7) |
| (187.1) |
| (108.2) |
| (47.7) |
| (41.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (1,371.7) | (1,131.3) | (600.1) | (436.4) | (248.7) | (187.1) | (108.2) | (47.7) | (41.8) |
| Net Income Attributable To Parent | (1,371.7) | (1,131.3) | (600.1) | (436.4) | (248.7) | (187.1) | (108.2) | (47.7) | (41.8) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (1,371.7) | (1,131.3) | (600.1) | (436.4) | (248.7) | (187.1) | (110.4) | (61.9) | (48.8) |
| (2.57) |
| (2.01) |
| - |
| - |
| Shares Basic | 198.1 | 190.1 | 167.7 | 113.1 | 80.6 | 72.8 | 54.9 | - | - |
| Shares Diluted | 198.1 | 190.1 | 167.7 | 113.1 | 80.6 | 72.8 | 54.9 | - | - |
| (188.0) |
| (110.7) |
| (54.1) |
| (40.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 8.7 |
| 7.8 |
| 7.3 |
| 6.7 |
| 5.8 |
| 5.3 |
| 5.1 |
| 5.2 |
| 4.2 |
| 3.1 |
| 2.7 |
| 2.4 |
| 0.9 |
| 0.8 |
| 0.8 |
| 0.8 |
| 0.7 |
| 0.7 |
| 0.7 |
| 0.6 |
| 0.6 |
| 0.6 |
| 0.6 |
| 0.5 |
| 0.5 |
| 0.2 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.2 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.2 |
| 0.3 |
| 0.3 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 65.5 |
| 62.4 |
| 54.3 |
| 53.2 |
| 47.5 |
| 42.8 |
| 40.2 |
| 38.0 |
| 32.6 |
| 31.7 |
| 26.1 |
| 22.8 |
| 23.6 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.3 |
| 0.7 |
| 0.9 |
| 0.6 |
| 0.7 |
| 0.4 |
| 0.3 |
| (57.6) |
| (52.7) |
| (52.9) |
| (44.3) |
| (37.2) |
| (33.8) |
| (27.2) |
| (27.3) |
| (20.2) |
| (19.0) |
| (12.8) |
| (10.1) |
| (10.1) |
| (52.7) |
| (52.9) |
| (44.3) |
| (37.2) |
| (34.2) |
| (27.2) |
| (27.2) |
| (19.5) |
| (14.6) |
| (12.8) |
| (10.1) |
| (10.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (52.7) |
| (52.9) |
| (44.3) |
| (37.2) |
| (34.2) |
| (27.2) |
| (27.2) |
| (19.5) |
| (14.6) |
| (12.8) |
| (10.1) |
| (10.1) |
| (57.6) |
| (52.7) |
| (52.9) |
| (44.3) |
| (37.2) |
| (34.2) |
| (27.2) |
| (27.2) |
| (19.5) |
| (14.6) |
| (12.8) |
| (10.1) |
| (10.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (61.2) |
| (57.6) |
| (52.7) |
| (52.9) |
| (44.3) |
| (37.2) |
| (34.2) |
| (27.2) |
| (27.2) |
| (21.7) |
| (18.8) |
| (17.1) |
| (13.2) |
| (12.8) |
| (0.72) |
| (0.60) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 73.5 |
| 73.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 73.5 |
| 73.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (44.5) |
| (37.4) |
| (34.1) |
| (27.6) |
| (28.0) |
| (21.1) |
| (19.6) |
| (13.6) |
| (10.6) |
| (10.4) |