| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | — | $1.9B | — | 15.6% |
| Op. Income | -$658M | — | $218M | — | -401.6% |
| Gross Margin | 59.9% | — | 83.2% | — | -23.3pp |
| Net Margin | -32.5% | — | 12.4% | — | -44.8pp |
| EPS (Diluted) | $-7.13 | — | $2.34 | — | -404.7% |
| Free Cash Flow | -$307M | — | -$353M | — | 12.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $882M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $0 |
| General & Administrative | $479M |
| SG&A Expenses | $479M |
| Other Expenses | -$26M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | -$658M |
| Interest Income | $20M |
| Interest Expense | $10M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | -$702M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | -$713M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$713M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$713M |
| D&A | $45M |
| EBIT | -$692M |
| EBITDA | -$648M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$713M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $123M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $262M |
| Change in Working Capital | $78M |
| OPERATING CASH FLOW | -$205M |
| Capital Expenditure | -$102M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $470M |
| Other Investing Activities | -$254M |
| NET CASH FROM INVESTING | $70M |
| Net Debt Issuance | -$163M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$168M |
| FREE CASH FLOW | -$307M |
| Net Change in Cash | -$304M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $801M |
| Short-Term Investments | $138M |
| Net Receivables | $398M |
| Inventory | $915M |
| Other Current Assets | $285M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $471M |
| Goodwill | $0 |
| Intangible Assets | $29M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $311M |
| TOTAL NON-CURRENT ASSETS | $812M |
| TOTAL ASSETS | $3.3B |
| Account Payables | $281M |
| Short-Term Debt | $11M |
| Deferred Revenue | $443M |
| Other Current Liabilities | $360M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $829M |
| Deferred Revenue NC | $84M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | -$4.9B |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | $272.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $1.0B |
| Net Debt | $238M |
