| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | — | $9M | — | 178.5% |
| Op. Income | -$100M | — | -$77M | — | -30.0% |
| Gross Margin | 82.6% | — | 63.0% | — | 19.6pp |
| Net Margin | -1444.1% | — | -1630.0% | — | 185.9pp |
| EPS (Diluted) | $-1.11 | — | $-0.75 | — | -48.0% |
| Free Cash Flow | -$76M | — | -$45M | — | -69.5% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $20M |
| R&D Expenses | $51M |
| Selling & Marketing | $29M |
| General & Administrative | $41M |
| SG&A Expenses | $70M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $125M |
| OPERATING INCOME | -$100M |
| Interest Income | $24M |
| Interest Expense | $4M |
| Other Income/Expenses | -$255M |
| INCOME BEFORE TAX | -$355M |
| Income Tax Expense | $0 |
| 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 | $2M |
| EBIT | -$351M |
| EBITDA | -$349M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$355M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $272M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$72M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$248M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $514.0K |
| NET CASH FROM INVESTING | -$251M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $205M |
| NET CASH FROM FINANCING | $779M |
| FREE CASH FLOW | -$76M |
| Net Change in Cash | $457M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $635M |
| Short-Term Investments | $249M |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $896M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $915.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $916M |
| Account Payables | $950.0K |
| Short-Term Debt | $2M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $64M |
| Common Stock | $35.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$982M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $1.8B |
| TOTAL STOCKHOLDERS' EQUITY | $852M |
| Minority Interest | $0 |
| TOTAL EQUITY | $852M |
| TOTAL LIABILITIES & EQUITY | $916M |
| Total Debt | $8M |
| Net Debt | -$628M |
