Also trades as: 0ZC0.L (LSE) · $vol 0M

$25.45

+0.28 (+1.11%)

Weekly Expected Move ±5.9%

$19 $20 $21 $23 $24

NASDAQ · Technology · Software - Infrastructure · Alpha Radar Buy · Power 74 · $2.8B mcap · 109M float · 3.65% daily turnover · Short 62% of daily vol

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$999M +11.0% ▲

5Y CAGR: +17.8%

Gross Profit

$780M +11.4% ▲

5Y CAGR: +16.6%

Operating Income

$1M +117.5% ▲

Net Income

-$36M +0.5% ▲

EPS (Diluted)

$-0.30 +3.2% ▲

EBITDA

$47M +2.6% ▲

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$541M	$683M	$799M	$900M	$999M
YoY Growth	+22.9%	+26.3%	+16.9%	+12.7%	+11.0%
Cost of Revenue	$106M	$155M	$184M	$200M	$219M
Gross Profit	$435M	$528M	$615M	$700M	$780M
Gross Margin	80.3%	77.3%	77.0%	77.8%	78.1%
R&D Expenses	$116M	$144M	$153M	$182M	$224M
SG&A Expenses	$360M	$453M	$510M	$520M	$563M
Operating Expenses	$477M	$596M	$667M	$707M	$779M
Operating Income	-$42M	-$68M	-$52M	-$7M	$1M
Operating Margin	-7.7%	-9.9%	-6.5%	-0.8%	0.1%
Interest Expense	$8M	$19M	$31M	$32M	$28M
Income Before Tax	-$51M	-$85M	-$67M	-$19M	-$23M
Tax Expense	-$4M	$7M	$11M	$17M	$13M
Net Income	-$47M	-$92M	-$78M	-$36M	-$36M
Net Margin	-8.6%	-13.5%	-9.8%	-4.0%	-3.6%
EPS (Diluted)	$-0.44	$-0.83	$-0.68	$-0.31	$-0.30
EBITDA	-$28M	-$44M	-$9M	$46M	$47M
Shares Outstanding	106M	111M	115M	119M	120M

Line Item	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1
Revenue	$221M	$227M	$236M	$239M	$247M	$252M	$261M	$262M
Cost of Revenue	$49M	$50M	$51M	$52M	$54M	$57M	$55M	$57M
Gross Profit	$172M	$177M	$184M	$187M	$193M	$196M	$205M	$205M
Gross Margin	77.9%	77.8%	78.2%	78.1%	78.0%	77.5%	78.8%	78.4%
R&D Expenses	$45M	$48M	$45M	$53M	$59M	$56M	$55M	$56M
SG&A Expenses	$131M	$131M	$127M	$151M	$141M	$132M	$138M	$138M
Operating Expenses	$181M	$179M	$171M	$204M	$200M	$189M	$186M	$194M
Operating Income	-$9M	-$2M	$13M	-$18M	-$7M	$7M	$19M	$11M
Operating Margin	-4.0%	-0.9%	5.5%	-7.4%	-3.0%	2.8%	7.4%	4.3%
Interest Expense	$8M	$8M	$8M	$7M	$7M	$36M	$21M	$6M
Income Before Tax	-$11M	-$4M	$9M	-$19M	-$10M	$3M	$4M	$5M
Tax Expense	$4M	$5M	$7M	$4M	$4M	$550K	$5M	$4M
Net Income	-$15M	-$9M	$2M	-$23M	-$15M	$2M	-$737K	$1M
Net Margin	-6.6%	-4.1%	0.8%	-9.6%	-5.9%	0.9%	-0.3%	0.5%
EPS (Diluted)	$-0.12	$-0.08	$0.02	$-0.19	$-0.12	$0.02	$-0.01	$0.01
EBITDA	$5M	$13M	$25M	-$2M	$7M	$45M	$40M	$21M
Shares Outstanding	119M	119M	124M	120M	121M	121M	119M	118M

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