| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $887M | — | $628M | — | 41.2% |
| Op. Income | -$1.1B | — | -$307M | — | -270.0% |
| Gross Margin | 70.0% | — | 62.1% | — | 8.0pp |
| Net Margin | -130.3% | — | -56.4% | — | -73.9pp |
| EPS (Diluted) | $-7.48 | — | $-2.01 | — | -271.6% |
| Free Cash Flow | $31M | — | -$17M | — | 286.0% |
| Item | Amount |
|---|---|
| REVENUE | $887M |
| Cost of Revenue | $266M |
| GROSS PROFIT | $621M |
| R&D Expenses | $532M |
| Selling & Marketing | $868M |
| General & Administrative | $356M |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | -$1.1B |
| Interest Income | $25M |
| Interest Expense | $41M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $29M |
| EBIT | -$1.1B |
| EBITDA | -$1.1B |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $914M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $117M |
| Change in Working Capital | $142M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$797M |
| Sales/Maturities of Investments | $440M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$383M |
| Net Debt Issuance | -$475.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$433M |
| NET CASH FROM FINANCING | $398M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | $57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $519M |
| Net Receivables | $182M |
| Inventory | $4M |
| Other Current Assets | $108M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $53M |
| Goodwill | $100M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $192M |
| TOTAL NON-CURRENT ASSETS | $345M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $777M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $950M |
| Long-Term Debt | $322M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $686M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$554M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$554M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $351M |
| Net Debt | $164M |
