| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $602M | — | $436M | — | 38.0% |
| Op. Income | -$229M | — | -$190M | — | -20.6% |
| Gross Margin | 34.4% | — | 26.6% | — | 7.8pp |
| Net Margin | -32.9% | — | -43.6% | — | 10.7pp |
| EPS (Diluted) | $-0.37 | — | $-0.38 | — | 2.6% |
| Free Cash Flow | -$322M | — | -$116M | — | -177.5% |
| Item | Amount |
|---|---|
| REVENUE | $602M |
| Cost of Revenue | $395M |
| GROSS PROFIT | $207M |
| R&D Expenses | $271M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $165M |
| Other Expenses | $0 |
| Operating Expenses | $436M |
| Cost & Expenses | $831M |
| OPERATING INCOME | -$229M |
| Interest Income | $26M |
| Interest Expense | $26M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$226M |
| Income Tax Expense | -$28M |
| Net Income from Continuing Ops | -$198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$198M |
| D&A | $44M |
| EBIT | -$199M |
| EBITDA | -$155M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$198M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | -$166M |
| Capital Expenditure | -$156M |
| Acquisitions (Net) | -$132M |
| Purchases of Investments | -$278M |
| Sales/Maturities of Investments | $216M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$347M |
| Net Debt Issuance | -$62M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$113M |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | -$322M |
| Net Change in Cash | $558M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $829M |
| Short-Term Investments | $188M |
| Net Receivables | $123M |
| Inventory | $158M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $424M |
| Goodwill | $206M |
| Intangible Assets | $225M |
| Long-Term Investments | $82M |
| Tax Assets | $2M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $959M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $73M |
| Short-Term Debt | $0 |
| Deferred Revenue | $195M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $334M |
| Long-Term Debt | $154M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $268M |
| TOTAL LIABILITIES | $603M |
| Common Stock | $54.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $254M |
| Net Debt | -$575M |
