| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $621M | — | $422M | — | 47.1% |
| Op. Income | -$378M | — | -$403M | — | 6.0% |
| Gross Margin | 71.3% | — | 65.8% | — | 5.4pp |
| Net Margin | -54.5% | — | -89.7% | — | 35.2pp |
| EPS (Diluted) | $-1.15 | — | $-1.36 | — | 15.4% |
| Free Cash Flow | -$87M | — | -$212M | — | 58.9% |
| Item | Amount |
|---|---|
| REVENUE | $621M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $443M |
| R&D Expenses | $218M |
| Selling & Marketing | $397M |
| General & Administrative | $198M |
| SG&A Expenses | $595M |
| Other Expenses | $7M |
| Operating Expenses | $821M |
| Cost & Expenses | $1000M |
| OPERATING INCOME | -$378M |
| Interest Income | $46M |
| Interest Expense | $1M |
| Other Income/Expenses | $46M |
| INCOME BEFORE TAX | -$333M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$339M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$339M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$339M |
| D&A | $39M |
| EBIT | -$332M |
| EBITDA | -$293M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$339M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $217M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$68M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$14M |
| Purchases of Investments | -$466M |
| Sales/Maturities of Investments | $639M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | $141M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $47M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | -$87M |
| Net Change in Cash | $120M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $257M |
| Short-Term Investments | $669M |
| Net Receivables | $214M |
| Inventory | $0 |
| Other Current Assets | $115M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $67M |
| Goodwill | $549M |
| Intangible Assets | $123M |
| Long-Term Investments | $205M |
| Tax Assets | $0 |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $400M |
| Other Current Liabilities | $105M |
| TOTAL CURRENT LIABILITIES | $590M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $115M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $137M |
| TOTAL LIABILITIES | $727M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $23M |
| Net Debt | -$234M |
