| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $875M | — | $451M | — | 94.1% |
| Op. Income | $341M | — | -$3M | — | 13508.9% |
| Gross Margin | 97.8% | — | 97.2% | — | 0.6pp |
| Net Margin | 30.2% | — | -19.7% | — | 49.9pp |
| EPS (Diluted) | $1.21 | — | $-0.43 | — | 381.4% |
| Free Cash Flow | $327M | — | -$53M | — | 716.1% |
| Item | Amount |
|---|---|
| REVENUE | $875M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $856M |
| R&D Expenses | $166M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $349M |
| Other Expenses | $0 |
| Operating Expenses | $515M |
| Cost & Expenses | $534M |
| OPERATING INCOME | $341M |
| Interest Income | $11M |
| Interest Expense | $79M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $1M |
| EBIT | $346M |
| EBITDA | $348M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $875M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $856M |
| R&D Expenses | $166M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $349M |
| Other Expenses | $0 |
| Operating Expenses | $515M |
| Cost & Expenses | $534M |
| OPERATING INCOME | $341M |
| Interest Income | $11M |
| Interest Expense | $79M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $1M |
| EBIT | $346M |
| EBITDA | $348M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $264M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $122M |
| Change in Working Capital | -$57M |
| OPERATING CASH FLOW | $330M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$262M |
| Sales/Maturities of Investments | $257M |
| Other Investing Activities | $550.0K |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$333M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$332M |
| FREE CASH FLOW | $327M |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $185M |
| Net Receivables | $107M |
| Inventory | $5M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $404M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $61M |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $110M |
| TOTAL ASSETS | $514M |
| Account Payables | $16M |
| Short-Term Debt | $40M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $140M |
| TOTAL CURRENT LIABILITIES | $196M |
| Long-Term Debt | $427M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $437M |
| TOTAL LIABILITIES | $633M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $38.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$119M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$119M |
| TOTAL LIABILITIES & EQUITY | $514M |
| Total Debt | $477M |
| Net Debt | $388M |
