| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $263M | — | $263M | — | -0.3% |
| Op. Income | -$115M | — | -$250M | — | 54.1% |
| Gross Margin | 98.0% | — | 100.0% | — | -2.0pp |
| Net Margin | -30.8% | — | -75.5% | — | 44.7pp |
| EPS (Diluted) | $-1.28 | — | $-2.77 | — | 53.8% |
| Free Cash Flow | -$276M | — | -$261M | — | -5.6% |
| Item | Amount |
|---|---|
| REVENUE | $263M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $257M |
| R&D Expenses | $283M |
| Selling & Marketing | $0 |
| General & Administrative | $89M |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $372M |
| Cost & Expenses | $378M |
| OPERATING INCOME | -$115M |
| Interest Income | $22M |
| Interest Expense | $0 |
| Other Income/Expenses | $34M |
| INCOME BEFORE TAX | -$81M |
| Income Tax Expense | $300.0K |
| Net Income from Continuing Ops | -$81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$81M |
| D&A | $5M |
| EBIT | -$81M |
| EBITDA | -$75M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$81M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$234M |
| OPERATING CASH FLOW | -$274M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$354M |
| Sales/Maturities of Investments | $764M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $408M |
| Net Debt Issuance | -$200.0K |
| Common Stock Repurchased | -$92M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$91M |
| FREE CASH FLOW | -$276M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $143M |
| Short-Term Investments | $543M |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $701M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $718M |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $71M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $143M |
| Long-Term Debt | $400.0K |
| Deferred Revenue NC | $134M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $142M |
| TOTAL LIABILITIES | $284M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.6B |
| Treasury Stock | -$92M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $434M |
| Minority Interest | $0 |
| TOTAL EQUITY | $434M |
| TOTAL LIABILITIES & EQUITY | $718M |
| Total Debt | $9M |
| Net Debt | -$134M |
