| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $655M | — | $605M | — | 8.3% |
| Op. Income | -$154M | — | -$170M | — | 9.8% |
| Gross Margin | 74.5% | — | 77.3% | — | -2.8pp |
| Net Margin | -20.8% | — | -27.9% | — | 7.1pp |
| EPS (Diluted) | $-1.22 | — | $-1.56 | — | 21.8% |
| Free Cash Flow | -$76M | — | -$69M | — | -9.3% |
| Item | Amount |
|---|---|
| REVENUE | $655M |
| Cost of Revenue | $167M |
| GROSS PROFIT | $488M |
| R&D Expenses | $225M |
| Selling & Marketing | $240M |
| General & Administrative | $178M |
| SG&A Expenses | $418M |
| Other Expenses | $0 |
| Operating Expenses | $642M |
| Cost & Expenses | $809M |
| OPERATING INCOME | -$154M |
| Interest Income | $18M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$136M |
| Income Tax Expense | -$23.0K |
| Net Income from Continuing Ops | -$136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$136M |
| D&A | $17M |
| EBIT | -$136M |
| EBITDA | -$119M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$136M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $88M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$821M |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $437M |
| Net Debt Issuance | -$461M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$146.0K |
| NET CASH FROM FINANCING | -$451M |
| FREE CASH FLOW | -$76M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $354M |
| Net Receivables | $115M |
| Inventory | $0 |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $647M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $158M |
| TOTAL NON-CURRENT ASSETS | $158M |
| TOTAL ASSETS | $804M |
| Account Payables | $122M |
| Short-Term Debt | $12M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $223M |
| Long-Term Debt | $237M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$38M |
| TOTAL NON-CURRENT LIABILITIES | $241M |
| TOTAL LIABILITIES | $464M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $340M |
| Minority Interest | $0 |
| TOTAL EQUITY | $340M |
| TOTAL LIABILITIES & EQUITY | $804M |
| Total Debt | $290M |
| Net Debt | $187M |
