| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $264M | — | $164M | — | 60.6% |
| Op. Income | -$403M | — | -$395M | — | -2.0% |
| Gross Margin | 97.2% | — | 24.4% | — | 72.8pp |
| Net Margin | -148.4% | — | -226.8% | — | 78.5pp |
| EPS (Diluted) | $-1.09 | — | $-1.28 | — | 14.8% |
| Free Cash Flow | -$336M | — | -$364M | — | 7.6% |
| Item | Amount |
|---|---|
| REVENUE | $264M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $256M |
| R&D Expenses | $300M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $152M |
| Other Expenses | $207M |
| Operating Expenses | $660M |
| Cost & Expenses | $667M |
| OPERATING INCOME | -$403M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$393M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$391M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$391M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$391M |
| D&A | $36M |
| EBIT | -$393M |
| EBITDA | -$357M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$391M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$302M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$319M |
| Sales/Maturities of Investments | $400M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $47M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $301M |
| FREE CASH FLOW | -$336M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $163M |
| Short-Term Investments | $134M |
| Net Receivables | $82M |
| Inventory | $52M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $443M |
| PP&E (Net) | $177M |
| Goodwill | $0 |
| Intangible Assets | $279M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $470M |
| TOTAL ASSETS | $913M |
| Account Payables | $22M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $112M |
| TOTAL CURRENT LIABILITIES | $138M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $215M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $699M |
| Minority Interest | $0 |
| TOTAL EQUITY | $699M |
| TOTAL LIABILITIES & EQUITY | $913M |
| Total Debt | $48M |
| Net Debt | -$115M |
