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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	819	639	779	914	1,092	1,411	1,595	1,659	1,830	1,868
Cost of revenue	405	345	396	438	463	595	832	716	767	796
Gross profit	414	295	383	475	629	816	763	943	1,063	1,073
Research and development	30	9	11	21	11	14	15	16	21	25
Selling, general and administrative	326	231	281	386	415	541	637	718	818	859
Operating income	88	64	102	90	214	275	126	225	245	214
Interest expense	22	33	31	22	9	3	4	1	–	–
Other non-operating income (expense)	(1)	1	(1)	(1)	0	(3)	(6)	1	(13)	7
Income before taxes	65	32	70	67	205	268	116	226	233	220
Income tax expense	16	17	12	17	49	56	26	56	57	55
Net income from continuing operations	49	15	58	50	156	213	90	170	176	165
Net income	48	15	58	50	156	213	90	170	176	165