Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 176.9B | 233.4B | 343.2B | 465.7B | 503.8B |
| Cost of Revenue | 169.5B | 211.3B | 308.3B | 394.8B | 405.3B |
| Gross Profit | 7.5B | 22.1B | 34.9B | 71.0B | 98.5B |
| Operating Expenses | |||||
| R&D Expense | 283.2M | 444.0M | 507.8M | 536.0M | 685.9M |
| SG&A Expense | 4.8B | — | — | — | — |
| General & Admin Expense | 5.5B | 6.3B | 6.4B | 5.8B | 9.6B |
| Selling & Marketing Expense | 5.5B | 7.4B | 10.4B | 12.3B | 12.4B |
| Other Expenses | 2.9B | — | — | — | — |
| Total Operating Expenses | 22.8B | 31.1B | 41.6B | 40.9B | 49.7B |
| Cost and Expenses | 192.3B | 242.4B | 349.9B | 435.7B | 455.0B |
| Operating Income (EBIT) | (61.0B) | (71.0B) | (45.6B) | 29.3B | 52.0B |
| Non-Operating | |||||
| Interest Income | 146.1M | — | — | — | — |
| Interest Expense | 4.1B | — | — | — | — |
| Net Interest Income | (4.0B) | — | — | — | — |
| Other Non-Op Income/Expense | (7.4B) | — | — | — | — |
| Non-Operating Income (excl Interest) | 1.9B | — | — | — | — |
| EBT (Pre-Tax Income) | (70.2B) | (73.9B) | (47.2B) | 29.8B | 52.4B |
| Income Tax Expense | 19.1B | 17.9B | 1.5B | 9.3B | 14.8B |
| Bottom Line | |||||
| Net Income | (84.4B) | (88.6B) | (49.5B) | 12.2B | 22.7B |
| Earnings from Cont. Ops | (89.3B) | (91.8B) | (48.7B) | 20.5B | 37.6B |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (84.4B) | (88.6B) | (49.5B) | 12.2B | 22.7B |
| Per Share | |||||
| Basic EPS | ($7.10) | ($7.45) | ($4.17) | $1.03 | $1.96 |
| Diluted EPS | ($7.10) | ($7.45) | ($4.17) | $1.03 | $1.96 |
| Revenue Per Share | $14.83 | $19.64 | $28.92 | $39.44 | $43.53 |
| Shares | |||||
| Basic Shares Outstanding | 11.9B | 11.9B | 11.9B | 11.8B | 11.6B |
| Diluted Shares Outstanding | 11.9B | 11.9B | 11.9B | 11.8B | 11.6B |
| Profitability Metrics | |||||
| EBITDA | (6.9B) | (65.0B) | (41.4B) | 33.3B | 55.6B |
| D&A | 2.2B | 6.0B | 4.3B | 4.1B | 3.6B |
| EBIT | (9.2B) | — | — | — | — |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026