| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $862M | — | $700M | — | 23.2% |
| Op. Income | -$189M | — | -$333M | — | 43.3% |
| Gross Margin | 64.5% | — | 60.5% | — | 4.1pp |
| Net Margin | -36.7% | — | -56.5% | — | 19.9pp |
| EPS (Diluted) | $-1.98 | — | $-7.07 | — | 72.0% |
| Free Cash Flow | -$120M | — | -$255M | — | 52.9% |
| Item | Amount |
|---|---|
| REVENUE | $862M |
| Cost of Revenue | $306M |
| GROSS PROFIT | $556M |
| R&D Expenses | $170M |
| Selling & Marketing | $467M |
| General & Administrative | $108M |
| SG&A Expenses | $575M |
| Other Expenses | $0 |
| Operating Expenses | $745M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$189M |
| Interest Income | $4M |
| Interest Expense | $187M |
| Other Income/Expenses | -$188M |
| INCOME BEFORE TAX | -$377M |
| Income Tax Expense | -$61M |
| Net Income from Continuing Ops | -$316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$316M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.1B |
| D&A | $237M |
| EBIT | -$190M |
| EBITDA | $47M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$316M |
| Depreciation & Amortization | $237M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | -$71M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | -$106M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | -$550M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $41M |
| FREE CASH FLOW | -$120M |
| Net Change in Cash | -$94M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $0 |
| Net Receivables | $315M |
| Inventory | $0 |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $512M |
| PP&E (Net) | $40M |
| Goodwill | $5.2B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $134M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $413M |
| Other Current Liabilities | $82M |
| TOTAL CURRENT LIABILITIES | $575M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $36M |
| Deferred Tax Liabilities | $137M |
| Other Non-Current Liabilities | $11.2B |
| TOTAL NON-CURRENT LIABILITIES | $12.4B |
| TOTAL LIABILITIES | $13.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5.6B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $1.0B |
| Net Debt | $926M |
