| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $219M | — | $7M | — | 3024.4% |
| Op. Income | -$159M | — | -$327M | — | 51.3% |
| Gross Margin | 97.9% | — | 45.2% | — | 52.7pp |
| Net Margin | -52.0% | — | -3921.1% | — | 3869.1pp |
| EPS (Diluted) | $-1.28 | — | $-3.36 | — | 61.9% |
| Free Cash Flow | -$73M | — | -$251M | — | 70.8% |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $214M |
| R&D Expenses | $315M |
| Selling & Marketing | $0 |
| General & Administrative | $63M |
| SG&A Expenses | $63M |
| Other Expenses | -$5M |
| Operating Expenses | $373M |
| Cost & Expenses | $378M |
| OPERATING INCOME | -$159M |
| Interest Income | $46M |
| Interest Expense | $0 |
| Other Income/Expenses | $46M |
| INCOME BEFORE TAX | -$114M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$114M |
| D&A | $5M |
| EBIT | -$159M |
| EBITDA | -$155M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$114M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $36M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$71M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$608M |
| Sales/Maturities of Investments | $680M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $70M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$73M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $527M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $667M |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $411M |
| TOTAL NON-CURRENT ASSETS | $443M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $18M |
| Short-Term Debt | $339.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $28M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $86M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$737M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $1.8B |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $28M |
| Net Debt | -$85M |
