| Metric | FY 2026 | Prior Q | FY 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | — | $887M | — | 48.5% |
| Op. Income | -$345M | — | -$1.1B | — | 69.5% |
| Gross Margin | 80.1% | — | 70.0% | — | 10.1pp |
| Net Margin | -26.5% | — | -130.3% | — | 103.8pp |
| EPS (Diluted) | $-1.78 | — | $-7.48 | — | 76.2% |
| Free Cash Flow | $253M | — | $31M | — | 708.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $262M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $374M |
| Selling & Marketing | $769M |
| General & Administrative | $257M |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | -$345M |
| Interest Income | $52M |
| Interest Expense | $17M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | -$326M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | -$349M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$349M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$349M |
| D&A | $147M |
| EBIT | -$345M |
| EBITDA | -$198M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$349M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $329M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $113M |
| Change in Working Capital | $148M |
| OPERATING CASH FLOW | $283M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $708M |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$830M |
| Net Debt Issuance | $710M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $737M |
| FREE CASH FLOW | $253M |
| Net Change in Cash | $199M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $380M |
| Short-Term Investments | $1.3B |
| Net Receivables | $257M |
| Inventory | $0 |
| Other Current Assets | $291M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $84M |
| Goodwill | $200M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $260M |
| TOTAL NON-CURRENT ASSETS | $543M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $230M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $777M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$520M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$520M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.1B |
| Net Debt | $751M |
