| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | — | $1.9B | — | 21.8% |
| Op. Income | -$516M | — | -$812M | — | 36.5% |
| Gross Margin | 74.3% | — | 70.6% | — | 3.7pp |
| Net Margin | -15.7% | — | -43.9% | — | 28.2pp |
| EPS (Diluted) | $-2.17 | — | $-5.16 | — | 57.9% |
| Free Cash Flow | $488M | — | $63M | — | 674.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $581M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $656M |
| Selling & Marketing | $1.0B |
| General & Administrative | $450M |
| SG&A Expenses | $1.5B |
| Other Expenses | $56M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | -$516M |
| Interest Income | $81M |
| Interest Expense | $8M |
| Other Income/Expenses | $179M |
| INCOME BEFORE TAX | -$337M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | -$355M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$355M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$355M |
| D&A | $84M |
| EBIT | -$329M |
| EBITDA | -$245M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$355M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $684M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $39M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $512M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | -$1.7B |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | $441M |
| Net Debt Issuance | -$937M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $54M |
| NET CASH FROM FINANCING | -$883M |
| FREE CASH FLOW | $488M |
| Net Change in Cash | $71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $334M |
| Short-Term Investments | $1.9B |
| Net Receivables | $559M |
| Inventory | $0 |
| Other Current Assets | $219M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $131M |
| Goodwill | $5.4B |
| Intangible Assets | $182M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $290M |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $136M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $8.7B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $1.3B |
| Net Debt | $963M |
