| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $191M | — | $120M | — | 59.4% |
| Op. Income | -$123M | — | -$188M | — | 34.6% |
| Gross Margin | 77.7% | — | -35.4% | — | 113.1pp |
| Net Margin | -86.7% | — | -171.8% | — | 85.2pp |
| EPS (Diluted) | $-10.82 | — | $-13.65 | — | 20.7% |
| Free Cash Flow | -$233M | — | -$390M | — | 40.2% |
| Item | Amount |
|---|---|
| REVENUE | $191M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $272M |
| Operating Expenses | $272M |
| Cost & Expenses | $314M |
| OPERATING INCOME | -$123M |
| Interest Income | $60M |
| Interest Expense | $43M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | -$166M |
| Income Tax Expense | $53.0K |
| Net Income from Continuing Ops | -$166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$166M |
| D&A | $14M |
| EBIT | -$123M |
| EBITDA | -$109M |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Net Income | -$166M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$107M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | -$232M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.2B |
| Sales/Maturities of Investments | $5.1B |
| Other Investing Activities | -$473M |
| NET CASH FROM INVESTING | -$596M |
| Net Debt Issuance | $685M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $714M |
| FREE CASH FLOW | -$233M |
| Net Change in Cash | -$119M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $117M |
| Short-Term Investments | $104M |
| Net Receivables | $21M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $241M |
| PP&E (Net) | $7M |
| Goodwill | $11M |
| Intangible Assets | $22M |
| Long-Term Investments | $728M |
| Tax Assets | $0 |
| Other Non-Current Assets | $497M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $75M |
| Short-Term Debt | $412M |
| Deferred Revenue | $763M |
| Other Current Liabilities | -$833M |
| TOTAL CURRENT LIABILITIES | $416M |
| Long-Term Debt | $199M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $853M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $37M |
| Minority Interest | $0 |
| TOTAL EQUITY | $37M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $615M |
| Net Debt | $499M |
