| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $724M | — | $653M | — | 10.9% |
| Op. Income | -$267M | — | -$270M | — | 1.2% |
| Gross Margin | 89.3% | — | 90.1% | — | -0.8pp |
| Net Margin | -35.3% | — | -39.4% | — | 4.1pp |
| EPS (Diluted) | $-1.11 | — | $-1.17 | — | 5.1% |
| Free Cash Flow | $9M | — | -$31M | — | 130.1% |
| Item | Amount |
|---|---|
| REVENUE | $724M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $647M |
| R&D Expenses | $341M |
| Selling & Marketing | $420M |
| General & Administrative | $152M |
| SG&A Expenses | $572M |
| Other Expenses | $0 |
| Operating Expenses | $913M |
| Cost & Expenses | $991M |
| OPERATING INCOME | -$267M |
| Interest Income | $20M |
| Interest Expense | $4M |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | -$251M |
| Income Tax Expense | $5M |
| NET INCOME | -$256M |
| D&A | $18M |
| EBIT | -$247M |
| EBITDA | -$230M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$256M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $211M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $48M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$234M |
| Sales/Maturities of Investments | $241M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$78M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $23M |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $185M |
| Short-Term Investments | $282M |
| Net Receivables | $88M |
| Inventory | $0 |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $601M |
| PP&E (Net) | $262M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $291M |
| TOTAL ASSETS | $891M |
| Account Payables | $10M |
| Short-Term Debt | $5M |
| Deferred Revenue | $301M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $416M |
| Long-Term Debt | $39M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $248M |
| TOTAL LIABILITIES | $664M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $228M |
| Minority Interest | $0 |
| TOTAL EQUITY | $228M |
| TOTAL LIABILITIES & EQUITY | $891M |
| Total Debt | $268M |
| Net Debt | $84M |
