| Metric | FY 2026 | Prior Q | FY 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $308M | — | $244M | — | 25.9% |
| Op. Income | -$95M | — | -$116M | — | 18.1% |
| Gross Margin | 56.1% | — | 57.2% | — | -1.1pp |
| Net Margin | -80.2% | — | -50.4% | — | -29.8pp |
| EPS (Diluted) | $-0.80 | — | $-0.42 | — | -90.5% |
| Free Cash Flow | $58M | — | -$59M | — | 198.3% |
| Item | Amount |
|---|---|
| REVENUE | $308M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $172M |
| R&D Expenses | $107M |
| Selling & Marketing | $73M |
| General & Administrative | $88M |
| SG&A Expenses | $161M |
| Other Expenses | $0 |
| Operating Expenses | $268M |
| Cost & Expenses | $403M |
| OPERATING INCOME | -$95M |
| Interest Income | $14M |
| Interest Expense | $3M |
| Other Income/Expenses | -$147M |
| INCOME BEFORE TAX | -$242M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$247M |
| D&A | $0 |
| EBIT | -$95M |
| EBITDA | -$95M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$247M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $163M |
| Change in Working Capital | $121M |
| OPERATING CASH FLOW | $134M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$428M |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | -$393M |
| Net Debt Issuance | $406M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$85M |
| NET CASH FROM FINANCING | $357M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | $106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $230M |
| Short-Term Investments | $411M |
| Net Receivables | $84M |
| Inventory | $6M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $775M |
| PP&E (Net) | $165M |
| Goodwill | $143M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $370M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $11M |
| Short-Term Debt | $7M |
| Deferred Revenue | $221M |
| Other Current Liabilities | $231M |
| TOTAL CURRENT LIABILITIES | $469M |
| Long-Term Debt | $455M |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $488M |
| TOTAL LIABILITIES | $957M |
| Common Stock | $34.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $188M |
| Minority Interest | $0 |
| TOTAL EQUITY | $188M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $462M |
| Net Debt | $232M |
