| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $487M | — | $285M | — | 70.9% |
| Op. Income | -$32M | — | -$119M | — | 73.0% |
| Gross Margin | 41.3% | — | 62.4% | — | -21.1pp |
| Net Margin | -207.1% | — | -41.0% | — | -166.1pp |
| EPS (Diluted) | $-14.06 | — | $-4.05 | — | -247.2% |
| Free Cash Flow | $16M | — | -$72M | — | 122.3% |
| Item | Amount |
|---|---|
| REVENUE | $487M |
| Cost of Revenue | $286M |
| GROSS PROFIT | $201M |
| R&D Expenses | $11M |
| Selling & Marketing | $139M |
| General & Administrative | $83M |
| SG&A Expenses | $222M |
| Other Expenses | $0 |
| Operating Expenses | $233M |
| Cost & Expenses | $519M |
| OPERATING INCOME | -$32M |
| Interest Income | $936.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$1.0B |
| INCOME BEFORE TAX | -$1.0B |
| Income Tax Expense | -$33M |
| Net Income from Continuing Ops | -$1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.0B |
| D&A | $105M |
| EBIT | -$32M |
| EBITDA | $73M |
| EPS | -$14 |
| EPS Diluted | -$14 |
| Item | Amount |
|---|---|
| Net Income | -$1.0B |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$41M |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$387.0K |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$291.0K |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $58M |
| Net Debt Issuance | -$310M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$311M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$235M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $0 |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $155M |
| PP&E (Net) | $5M |
| Goodwill | $46M |
| Intangible Assets | $726M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $782M |
| TOTAL ASSETS | $937M |
| Account Payables | $27M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $92M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $107M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $101M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $216M |
| TOTAL LIABILITIES | $343M |
| Common Stock | $72.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$689.0K |
| Accum. Other Comp. Income | $32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $595M |
| Minority Interest | $0 |
| TOTAL EQUITY | $595M |
| TOTAL LIABILITIES & EQUITY | $937M |
| Total Debt | $111M |
| Net Debt | $71M |
