| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $643M | — | $611M | — | 5.2% |
| Op. Income | -$111M | — | -$195M | — | 43.0% |
| Gross Margin | 69.1% | — | 67.9% | — | 1.2pp |
| Net Margin | -6.8% | — | -29.9% | — | 23.1pp |
| EPS (Diluted) | $-0.35 | — | $-1.52 | — | 77.0% |
| Free Cash Flow | $130M | — | -$6M | — | 2371.2% |
| Item | Amount |
|---|---|
| REVENUE | $643M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $444M |
| R&D Expenses | $239M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $316M |
| Other Expenses | $0 |
| Operating Expenses | $555M |
| Cost & Expenses | $754M |
| OPERATING INCOME | -$111M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | $71M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $0 |
| EBIT | -$111M |
| EBITDA | -$111M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $109M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $136M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$123M |
| Sales/Maturities of Investments | $125M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $130M |
| Net Change in Cash | $130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $474M |
| Short-Term Investments | $49M |
| Net Receivables | $82M |
| Inventory | $56M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $684M |
| PP&E (Net) | $287M |
| Goodwill | $5M |
| Intangible Assets | $62M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $357M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $13M |
| Short-Term Debt | $11M |
| Deferred Revenue | $24M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$66M |
| TOTAL NON-CURRENT LIABILITIES | $92M |
| TOTAL LIABILITIES | $245M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $225.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $796M |
| Minority Interest | $0 |
| TOTAL EQUITY | $796M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $158M |
| Net Debt | -$316M |
