| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $982M | — | $739M | — | 32.9% |
| Op. Income | -$436M | — | -$444M | — | 1.6% |
| Gross Margin | 64.5% | — | 60.8% | — | 3.7pp |
| Net Margin | -42.4% | — | -59.0% | — | 16.7pp |
| EPS (Diluted) | $-3.32 | — | $-3.56 | — | 6.7% |
| Free Cash Flow | -$233M | — | -$275M | — | 15.2% |
| Item | Amount |
|---|---|
| REVENUE | $982M |
| Cost of Revenue | $349M |
| GROSS PROFIT | $633M |
| R&D Expenses | $364M |
| Selling & Marketing | $495M |
| General & Administrative | $211M |
| SG&A Expenses | $706M |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$436M |
| Interest Income | $34M |
| Interest Expense | $4M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | -$418M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$416M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$416M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$416M |
| D&A | $40M |
| EBIT | -$414M |
| EBITDA | -$374M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$416M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $166M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$185M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | -$59M |
| Purchases of Investments | -$827M |
| Sales/Maturities of Investments | $307M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$627M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $14M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $570M |
| NET CASH FROM FINANCING | $671M |
| FREE CASH FLOW | -$233M |
| Net Change in Cash | -$140M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $378M |
| Short-Term Investments | $823M |
| Net Receivables | $138M |
| Inventory | $86M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $305M |
| Goodwill | $77M |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $140M |
| TOTAL NON-CURRENT ASSETS | $548M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $54M |
| Short-Term Debt | $0 |
| Deferred Revenue | $51M |
| Other Current Liabilities | $198M |
| TOTAL CURRENT LIABILITIES | $303M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $128M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $2.9B |
| TOTAL STOCKHOLDERS' EQUITY | -$99M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$99M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $1.7B |
| Net Debt | $1.3B |
