Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 3.3B | 3.5B | 3.5B | 4.0B | 3.9B |
| Cost of Revenue | 3.3B | 3.4B | 3.3B | 3.8B | 3.3B |
| Gross Profit | 46.9M | 31.6M | 195.0M | 174.1M | 610.4M |
| Operating Expenses | |||||
| R&D Expense | 100.2M | 121.8M | 115.0M | 171.2M | 162.8M |
| SG&A Expense | 114.5M | — | — | — | — |
| General & Admin Expense | 390.0M | 381.3M | 394.9M | 436.8M | 438.9M |
| Selling & Marketing Expense | 102.1M | 103.7M | 86.9M | 90.6M | 113.8M |
| Other Expenses | 61.2M | — | — | — | — |
| Total Operating Expenses | 821.9M | 834.9M | 834.9M | 914.5M | 928.6M |
| Cost and Expenses | 4.1B | 4.3B | 4.1B | 4.8B | 4.2B |
| Operating Income (EBIT) | (1.2B) | (1.2B) | (841.1M) | (887.3M) | (556.5M) |
| Non-Operating | |||||
| Interest Income | 1.6M | — | — | — | — |
| Interest Expense | 42.8M | — | — | — | — |
| Net Interest Income | 41.3M | — | — | — | — |
| Other Non-Op Income/Expense | 451.2K | — | — | — | — |
| Non-Operating Income (excl Interest) | (52.6M) | — | — | — | — |
| EBT (Pre-Tax Income) | (1.3B) | (1.3B) | (880.0M) | (887.2M) | (540.3M) |
| Income Tax Expense | 3.6M | 3.3M | 7.5M | 2.3M | 25.5M |
| Bottom Line | |||||
| Net Income | (1.2B) | (1.2B) | (804.2M) | (750.5M) | (499.1M) |
| Earnings from Cont. Ops | (1.3B) | (1.3B) | (887.6M) | (889.5M) | (565.7M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (1.2B) | (1.2B) | (804.2M) | (750.5M) | (499.1M) |
| Per Share | |||||
| Basic EPS | ($1.10) | ($1.11) | ($0.73) | ($0.74) | ($0.57) |
| Diluted EPS | ($1.10) | ($1.11) | ($0.73) | ($0.74) | ($0.57) |
| Revenue Per Share | $2.85 | $3.12 | $3.17 | $3.97 | $4.43 |
| Shares | |||||
| Basic Shares Outstanding | 1.2B | 1.1B | 1.1B | 1.0B | 875.6M |
| Diluted Shares Outstanding | 1.2B | 1.1B | 1.1B | 1.0B | 875.6M |
| Profitability Metrics | |||||
| EBITDA | 60.3M | (574.7M) | (167.1M) | (256.2M) | 61.0M |
| D&A | 149.3M | 663.4M | 674.0M | 631.1M | 617.5M |
| EBIT | (88.9M) | — | — | — | — |
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 Jun 1, 2026