| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | — | $1M | — | 640.7% |
| Op. Income | -$517M | — | -$339M | — | -52.5% |
| Gross Margin | 35.5% | — | 100.0% | — | -64.5pp |
| Net Margin | -6046.2% | — | -28720.7% | — | 22674.5pp |
| EPS (Diluted) | $-4.95 | — | $-3.69 | — | -34.1% |
| Free Cash Flow | -$384M | — | -$230M | — | -67.0% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $3M |
| R&D Expenses | $332M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $191M |
| Other Expenses | -$4M |
| Operating Expenses | $519M |
| Cost & Expenses | $524M |
| OPERATING INCOME | -$517M |
| Interest Income | $52M |
| Interest Expense | $0 |
| Other Income/Expenses | $52M |
| INCOME BEFORE TAX | -$465M |
| Income Tax Expense | $180.0K |
| Net Income from Continuing Ops | -$465M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$465M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$465M |
| D&A | $4M |
| EBIT | -$465M |
| EBITDA | -$461M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$465M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $91M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$378M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | $174M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $41M |
| FREE CASH FLOW | -$384M |
| Net Change in Cash | -$164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $926M |
| Net Receivables | $592.0K |
| Inventory | $2M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $55M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $800.0K |
| Tax Assets | $9M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $87M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $23M |
| Short-Term Debt | $6M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $2.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $992M |
| Minority Interest | $0 |
| TOTAL EQUITY | $992M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $49M |
| Net Debt | -$53M |
