| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $160M | — | $61M | — | 163.0% |
| Op. Income | -$247M | — | -$209M | — | -17.7% |
| Gross Margin | 15.6% | — | -18.7% | — | 34.3pp |
| Net Margin | -186.6% | — | -380.2% | — | 193.6pp |
| EPS (Diluted) | $-4.83 | — | $-1.85 | — | -161.0% |
| Free Cash Flow | -$238M | — | -$190M | — | -24.9% |
| Item | Amount |
|---|---|
| REVENUE | $160M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $25M |
| R&D Expenses | $200M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | -$20M |
| Operating Expenses | $271M |
| Cost & Expenses | $406M |
| OPERATING INCOME | -$247M |
| Interest Income | $18M |
| Interest Expense | $22M |
| Other Income/Expenses | -$89M |
| INCOME BEFORE TAX | -$335M |
| Income Tax Expense | -$37M |
| Net Income from Continuing Ops | -$298M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$298M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$335M |
| D&A | $25M |
| EBIT | -$247M |
| EBITDA | -$222M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$298M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$37M |
| Other Non-Cash Items | $86M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$205M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | -$277M |
| Purchases of Investments | -$100M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $280.0K |
| NET CASH FROM INVESTING | -$402M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $601.0K |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | -$238M |
| Net Change in Cash | $655M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $793M |
| Short-Term Investments | $100M |
| Net Receivables | $46M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $963M |
| PP&E (Net) | $181M |
| Goodwill | $450M |
| Intangible Assets | $166M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $65M |
| TOTAL NON-CURRENT ASSETS | $862M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $36M |
| Short-Term Debt | $9M |
| Deferred Revenue | $116M |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $214M |
| Long-Term Debt | $281M |
| Deferred Revenue NC | $93M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $421M |
| TOTAL LIABILITIES | $635M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $309M |
| Net Debt | -$484M |
