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Income Statement · Annual · Millions · USD

Line item	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Total revenues	1,718	1,630	1,472	1,334	1,340	1,740	1,355	959	1,074	1,197
Cost of revenue	1,195	1,150	975	791	728	797	639	520	594	662
Net interest income	–	–	–	–	–	–	–	–	–	–
Gross profit	524	480	497	543	611	943	716	440	480	535
Realized investment gains (losses)	2	–	3	–	–	–	–	–	–	–
Research and development	292	363	343	303	313	367	351	336	347	382
Selling, general and administrative	138	154	131	127	145	168	175	161	180	198
Total operating expenses	459	542	503	474	464	593	562	541	575	603
Operating income	65	(62)	(6)	69	147	350	154	(102)	(94)	(67)
Interest expense	6	22	21	23	30	30	56	65	40	23
Interest and investment income	1	–	–	–	–	–	–	–	–	–
Other non-operating income (expense)	1	2	4	(4)	0	(6)	(27)	(25)	(25)	(19)
Income before taxes	61	(82)	(21)	159	120	321	126	(125)	(114)	(79)
Income tax expense	12	41	0	39	31	65	52	(250)	(66)	411
Net income from continuing operations	49	(122)	(21)	121	89	256	74	126	(48)	(491)
Net income	49	(124)	(23)	119	80	258	74	126	(48)	(491)