| Metric | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $505.00M | $648.00M | $2.00B | $2.20B | $3.69B +630.7% | $2.97B +357.7% | $3.27B +63.5% | $4.40B +100.2% | Strengthening |
| Operating Profit | -$294.00M | -$155.00M | -$386.00M | -$268.00M | $1.27B | $725.00M | $745.00M | $1.53B | Strengthening |
| Net Profit | -$227.00M | -$114.00M | -$399.00M | -$249.00M | $968.00M | $547.00M | $553.00M | $1.16B | Strengthening |
| EPS | $-1.73 | $-0.85 | — | $-1.06 | $4.07 | $2.30 | — | $4.83 | Strengthening |
| Other Income | -$1.00M | -$3.00M | -$35.00M | -$51.00M | -$41.00M -4000.0% | -$39.00M -1200.0% | -$58.00M -65.7% | -$42.00M +17.6% | Weakening |
| Interest | $20.00M | $20.00M | $64.00M | $59.00M | $60.00M +200.0% | $57.00M +185.0% | $59.00M -7.8% | $59.00M +0.0% | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$295.00M | -$158.00M | -$421.00M | -$319.00M | $1.23B | $686.00M | $687.00M | $1.49B | Strengthening |
| MarginsOPM | -58.2% | -23.9% | -19.3% | -12.2% | 34.4% | 24.4% | 22.8% | 34.8% | Stable |
| Tax | 23.1% | 27.9% | 5.2% | 21.9% | 21.2% -8.2% | 20.3% -27.3% | 19.5% +273.0% | 22.2% +1.0% | Strengthening |
| ReturnsROIC | -3.9% | -2.0% | -6.9% | -4.3% | 16.7% | 9.5% | 9.6% | 20.0% | Stable |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $4.00M | $6.00M | $279.00M | $905.00M | $130.00M | $1.08B | $317.00M | $616.00M | $2.22B |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $1.60B | $1.25B | $1.11B | $2.10B | $2.70B | $2.61B | $2.00B | $2.92B | $4.39B |
| Net PP&E | $10.82B | $14.78B | $5.27B | $8.84B | $11.31B | $10.20B | $24.43B | $24.45B | $24.32B |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — | — | — |
| Total Assets | $12.73B | $16.19B | $6.58B | $11.01B | $15.47B | $14.38B | $27.89B | $28.29B | $29.52B |
| LiabilitiesTotal Current Liabilities | $2.89B | $2.39B | $3.09B | $2.45B | $2.70B | $1.31B | $3.12B | $2.90B | $3.95B |
| Short-Term Debt | $381.00M | $385.00M | $1.93B | $0 | — | $0 | $389.00M | $0 | $875.00M |
| Long-Term Debt | $7.34B | $9.07B | $0 | $2.28B | $3.09B | $2.03B | $5.29B | $5.01B | $4.13B |
| Long-Term Leases | — | $16.00M | $2.00M | $9.00M | $33.00M | $15.00M | $74.00M | $48.00M | — |
| Total Liabilities | $10.60B | $11.79B | $11.93B | $5.34B | $6.34B | $3.65B | $10.33B | $9.71B | $9.97B |
| EquityCommon Stock & APIC | $9.00M | $0 | $0 | $1.00M | $1.00M | $1.00M | $2.00M | $2.00M | $2.00M |
| Retained Earnings | -$13.91B | -$14.22B | -$23.95B | $825.00M | $3.40B | $4.97B | $3.88B | $4.83B | $5.79B |
| Total Equity | $2.09B | $4.36B | -$5.34B | $5.67B | $9.12B | $10.73B | $17.57B | $18.58B | $19.55B |
| HighlightsNet Cash / (Debt) | -$7.72B | -$9.45B | -$1.65B | -$1.37B | — | -$949.00M | -$5.36B | -$4.39B | -$2.79B |
| Line item | FY17 | FY18 | FY19 | FY20 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | $475.00M | $1.73B | $1.62B | $1.16B | $4.13B | $2.38B | $1.56B | $4.58B | $5.88B |
| Cash from Investing | -$918.00M | $455.00M | -$2.48B | -$992.00M | -$3.40B | $473.00M | -$1.90B | -$2.76B | -$2.85B |
| Cash from Financing | -$434.00M | -$2.19B | $859.00M | $101.00M | -$1.45B | -$1.89B | -$419.00M | -$1.51B | -$1.15B |
| SummaryCapital Expenditure | -$2.13B | -$1.87B | -$2.31B | -$1.14B | -$1.82B | -$1.83B | -$1.56B | -$2.74B | -$2.88B |
| Free Cash Flow | -$1.66B | -$139.00M | -$688.00M | $22.00M | $2.30B | $551.00M | $8.00M | $1.84B | $3.00B |
| FCF Margin | -16.5% | -1.4% | -8.1% | 0.4% | 19.6% | 6.3% | 0.2% | 15.2% | 20.9% |