| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $606M | — | $364M | — | 66.7% |
| Op. Income | -$1.2B | — | -$878M | — | -34.0% |
| Gross Margin | 79.4% | — | 76.4% | — | 3.0pp |
| Net Margin | -210.5% | — | -251.2% | — | 40.7pp |
| EPS (Diluted) | $-6.41 | — | $-5.57 | — | -15.1% |
| Free Cash Flow | -$968M | — | -$706M | — | -37.1% |
| Item | Amount |
|---|---|
| REVENUE | $606M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $482M |
| R&D Expenses | $771M |
| Selling & Marketing | $0 |
| General & Administrative | $701M |
| SG&A Expenses | $701M |
| Other Expenses | $186M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | -$1.2B |
| Interest Income | $61M |
| Interest Expense | $84M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | -$1.3B |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.3B |
| D&A | $16M |
| EBIT | -$1.2B |
| EBITDA | -$1.2B |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$1.3B |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $153M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $253M |
| Change in Working Capital | -$80M |
| OPERATING CASH FLOW | -$935M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $2.1B |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$65M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $954M |
| FREE CASH FLOW | -$968M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $510M |
| Short-Term Investments | $920M |
| Net Receivables | $141M |
| Inventory | $132M |
| Other Current Assets | $91M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $139M |
| Goodwill | $136M |
| Intangible Assets | $98M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $97M |
| TOTAL NON-CURRENT ASSETS | $470M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $80M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $258M |
| TOTAL CURRENT LIABILITIES | $469M |
| Long-Term Debt | $716M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $308M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.4B |
| Retained Earnings | -$5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $739M |
| Minority Interest | $0 |
| TOTAL EQUITY | $739M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $768M |
| Net Debt | $258M |
