| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $673M | — | $560M | — | 20.1% |
| Op. Income | -$535M | — | -$536M | — | 0.2% |
| Gross Margin | 83.8% | — | 86.3% | — | -2.5pp |
| Net Margin | -85.4% | — | -101.6% | — | 16.2pp |
| EPS (Diluted) | $-5.83 | — | $-6.29 | — | 7.3% |
| Free Cash Flow | -$472M | — | -$422M | — | -11.9% |
| Item | Amount |
|---|---|
| REVENUE | $673M |
| Cost of Revenue | $109M |
| GROSS PROFIT | $564M |
| R&D Expenses | $750M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $349M |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$535M |
| Interest Income | $25M |
| Interest Expense | $62M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | -$571M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$575M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$575M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$575M |
| D&A | $35M |
| EBIT | -$535M |
| EBITDA | -$500M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$575M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $153M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$466M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $236M |
| NET CASH FROM INVESTING | $236M |
| Net Debt Issuance | $392M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $478M |
| FREE CASH FLOW | -$472M |
| Net Change in Cash | $253M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $434M |
| Short-Term Investments | $259M |
| Net Receivables | $159M |
| Inventory | $52M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $951M |
| PP&E (Net) | $267M |
| Goodwill | $44M |
| Intangible Assets | $176M |
| Long-Term Investments | $59M |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $581M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $31M |
| Short-Term Debt | $81M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $183M |
| TOTAL CURRENT LIABILITIES | $384M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | -$4M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | -$4.5B |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$80M |
| Minority Interest | $7M |
| TOTAL EQUITY | -$73M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $1.3B |
| Net Debt | $842M |
