| Metric | FY 2026 | Prior Q | FY 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $791M | — | $724M | — | 9.2% |
| Op. Income | -$197M | — | -$267M | — | 26.0% |
| Gross Margin | 89.0% | — | 89.3% | — | -0.3pp |
| Net Margin | -23.9% | — | -35.3% | — | 11.4pp |
| EPS (Diluted) | $-0.80 | — | $-1.11 | — | 27.9% |
| Free Cash Flow | $87M | — | $9M | — | 825.3% |
| Item | Amount |
|---|---|
| REVENUE | $791M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $704M |
| R&D Expenses | $301M |
| Selling & Marketing | $407M |
| General & Administrative | $193M |
| SG&A Expenses | $600M |
| Other Expenses | $0 |
| Operating Expenses | $901M |
| Cost & Expenses | $988M |
| OPERATING INCOME | -$197M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$184M |
| Income Tax Expense | $5M |
| NET INCOME | -$189M |
| D&A | $22M |
| EBIT | -$168M |
| EBITDA | -$146M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$189M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $215M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $77M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$179M |
| Sales/Maturities of Investments | $230M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | $37M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$132M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$118M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $200M |
| Short-Term Investments | $234M |
| Net Receivables | $110M |
| Inventory | $0 |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $593M |
| PP&E (Net) | $222M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $251M |
| TOTAL ASSETS | $844M |
| Account Payables | $19M |
| Short-Term Debt | $25M |
| Deferred Revenue | $334M |
| Other Current Liabilities | $124M |
| TOTAL CURRENT LIABILITIES | $501M |
| Long-Term Debt | $184M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $189M |
| TOTAL LIABILITIES | $690M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $2.3B |
| TOTAL STOCKHOLDERS' EQUITY | $154M |
| Minority Interest | $0 |
| TOTAL EQUITY | $154M |
| TOTAL LIABILITIES & EQUITY | $844M |
| Total Debt | $209M |
| Net Debt | $9M |
