| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | — | $3.2B | — | -39.2% |
| Op. Income | -$3.1B | — | -$3.9B | — | 22.1% |
| Gross Margin | 55.3% | — | 54.2% | — | 1.1pp |
| Net Margin | -145.2% | — | -111.3% | — | -33.8pp |
| EPS (Diluted) | $-7.26 | — | $-9.27 | — | 21.7% |
| Free Cash Flow | -$2.1B | — | -$4.1B | — | 49.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $868M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $3.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.2B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | -$3.1B |
| Interest Income | $314M |
| Interest Expense | $0 |
| Other Income/Expenses | $306M |
| INCOME BEFORE TAX | -$2.8B |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | -$2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2.8B |
| D&A | $215M |
| EBIT | -$2.8B |
| EBITDA | -$2.6B |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$2.8B |
| Depreciation & Amortization | $215M |
| Stock-Based Compensation | $483M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $254M |
| OPERATING CASH FLOW | -$1.9B |
| Capital Expenditure | -$192M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.8B |
| Sales/Maturities of Investments | $7.9B |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | $1.9B |
| Net Debt Issuance | $539M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $593M |
| FREE CASH FLOW | -$2.1B |
| Net Change in Cash | $668M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $3.2B |
| Net Receivables | $184M |
| Inventory | $153M |
| Other Current Assets | $408M |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $2.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $605M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $12.3B |
| Account Payables | $317M |
| Short-Term Debt | $0 |
| Deferred Revenue | $99M |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $153M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$368M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $7.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $12.3B |
| Total Debt | $1.9B |
| Net Debt | -$679M |
