| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | — | $47M | — | -16.7% |
| Op. Income | -$349M | — | -$262M | — | -33.5% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -794.4% | — | -475.6% | — | -318.8pp |
| EPS (Diluted) | $-3.69 | — | $-2.98 | — | -23.8% |
| Free Cash Flow | -$234M | — | -$207M | — | -13.0% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $39M |
| R&D Expenses | $317M |
| Selling & Marketing | $0 |
| General & Administrative | $68M |
| SG&A Expenses | $68M |
| Other Expenses | $4M |
| Operating Expenses | $389M |
| Cost & Expenses | $389M |
| OPERATING INCOME | -$349M |
| Interest Income | $38M |
| Interest Expense | $249.0K |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | -$312M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$312M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$311M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$311M |
| D&A | $8M |
| EBIT | -$311M |
| EBITDA | -$303M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$311M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | -$233M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $479M |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$521M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $991M |
| FREE CASH FLOW | -$234M |
| Net Change in Cash | $237M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $357M |
| Short-Term Investments | $491M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $871M |
| PP&E (Net) | $86M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $777M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $872M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $4M |
| Short-Term Debt | $14M |
| Deferred Revenue | $23M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $163M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $82M |
| Net Debt | -$275M |
