IAS Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	590.67	530.1	474.37	408.35	323.51	240.63
Revenue Growth (YoY)	15.51%	11.75%	16.17%	26.22%	34.44%	12.72%
Cost of Revenue	133.36	113.96	99.35	75.63	54.57	40.51
Gross Profit	457.31	416.14	375.02	332.72	268.94	200.13
Selling, General & Admin	239.49	217.84	229.59	183.69	165.4	98.67
Research & Development	79.98	69.85	72.91	73.24	67.02	48.99
Other Operating Expenses	-	-	-	-6.98	-	-
Operating Expenses	388.01	351.66	357.46	300.34	294.71	213.37
Operating Income	69.3	64.48	17.56	32.38	-25.77	-13.24
Interest Expense	-0.22	-5.36	-12.24	-9.05	-19.24	-31.57
Currency Exchange Gain (Loss)	2.46	-3.93	-0.43	-4.75	-0.65	-0.64
EBT Excluding Unusual Items	71.87	55.2	4.89	18.58	-45.65	-45.45
Merger & Restructuring Charges	-6.09	-	-	-5.3	-	-
Asset Writedown	-0.18	-0.17	-0.03	-0.2	-	-
Other Unusual Items	-	-	-	-	-10.32	-
Pretax Income	65.6	55.03	4.86	13.09	-55.98	-45.45
Income Tax Expense	18.88	17.23	-2.38	-2.29	-3.54	-13.08
Net Income	46.72	37.8	7.24	15.37	-52.44	-32.37
Net Income to Common	46.72	37.8	7.24	15.37	-52.44	-32.37
Net Income Growth	42.92%	422.18%	-52.92%	-	-	-
Shares Outstanding (Basic)	164	161	156	155	144	134
Shares Outstanding (Diluted)	168	165	162	157	144	134
Shares Change (YoY)	0.76%	2.31%	2.84%	9.56%	7.08%	1.85%
EPS (Basic)	0.28	0.23	0.05	0.10	-0.37	-0.24
EPS (Diluted)	0.28	0.23	0.04	0.10	-0.37	-0.24
EPS Growth	42.71%	475.01%	-59.75%	-	-	-
Free Cash Flow	176.31	116.11	129.65	70.45	62.64	33.3
Free Cash Flow Per Share	1.05	0.70	0.80	0.45	0.44	0.25
Gross Margin	77.42%	78.50%	79.06%	81.48%	83.13%	83.17%
Operating Margin	11.73%	12.16%	3.70%	7.93%	-7.96%	-5.50%
Profit Margin	7.91%	7.13%	1.53%	3.77%	-16.21%	-13.45%
Free Cash Flow Margin	29.85%	21.90%	27.33%	17.25%	19.36%	13.84%
EBITDA	105.79	103.55	57.43	73.15	28.75	47.65
EBITDA Margin	17.91%	19.53%	12.11%	17.91%	8.89%	19.80%
D&A For EBITDA	36.49	39.06	39.88	40.76	54.52	60.9
EBIT	69.3	64.48	17.56	32.38	-25.77	-13.24
EBIT Margin	11.73%	12.16%	3.70%	7.93%	-7.96%	-5.50%
Effective Tax Rate	28.78%	31.32%	-	-	-	-

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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