| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | — | $901M | — | 31.4% |
| Op. Income | -$285M | — | -$1.7B | — | 83.3% |
| Gross Margin | 15.3% | — | -97.3% | — | 112.6pp |
| Net Margin | -34.2% | — | -200.4% | — | 166.2pp |
| EPS (Diluted) | $-6.90 | — | $-31.64 | — | 78.2% |
| Free Cash Flow | $81M | — | -$421M | — | 119.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $182M |
| R&D Expenses | $221M |
| Selling & Marketing | $117M |
| General & Administrative | $101M |
| SG&A Expenses | $218M |
| Other Expenses | $27M |
| Operating Expenses | $467M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$285M |
| Interest Income | $13M |
| Interest Expense | $81M |
| Other Income/Expenses | -$107M |
| INCOME BEFORE TAX | -$392M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | -$405M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$405M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$405M |
| D&A | $24M |
| EBIT | -$311M |
| EBITDA | -$287M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$405M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $93M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $164M |
| Change in Working Capital | $222M |
| OPERATING CASH FLOW | $104M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $323M |
| Other Investing Activities | $81M |
| NET CASH FROM INVESTING | $380M |
| Net Debt Issuance | -$347M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$349M |
| FREE CASH FLOW | $81M |
| Net Change in Cash | $130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $540M |
| Short-Term Investments | $38M |
| Net Receivables | $267M |
| Inventory | $553M |
| Other Current Assets | $342M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $318M |
| Goodwill | $50M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $442M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $272M |
| Short-Term Debt | $0 |
| Deferred Revenue | $70M |
| Other Current Liabilities | $387M |
| TOTAL CURRENT LIABILITIES | $803M |
| Long-Term Debt | $368M |
| Deferred Revenue NC | $293M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $234M |
| TOTAL NON-CURRENT LIABILITIES | $951M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $427M |
| Minority Interest | $0 |
| TOTAL EQUITY | $427M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $423M |
| Net Debt | -$116M |
