| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $460M | — | $399M | — | 15.3% |
| Op. Income | -$229M | — | -$282M | — | 18.7% |
| Gross Margin | 58.6% | — | 62.9% | — | -4.3pp |
| Net Margin | -38.1% | — | -64.4% | — | 26.3pp |
| EPS (Diluted) | $-1.60 | — | $-2.60 | — | 38.5% |
| Free Cash Flow | -$159M | — | -$276M | — | 42.5% |
| Item | Amount |
|---|---|
| REVENUE | $460M |
| Cost of Revenue | $191M |
| GROSS PROFIT | $270M |
| R&D Expenses | $221M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $278M |
| Other Expenses | $0 |
| Operating Expenses | $499M |
| Cost & Expenses | $689M |
| OPERATING INCOME | -$229M |
| Interest Income | $33M |
| Interest Expense | $5M |
| Other Income/Expenses | $51M |
| INCOME BEFORE TAX | -$178M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$176M |
| D&A | $15M |
| EBIT | -$173M |
| EBITDA | -$158M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$176M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | -$151M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $331M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $308M |
| Net Debt Issuance | $68M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $72M |
| FREE CASH FLOW | -$159M |
| Net Change in Cash | $230M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $680M |
| Short-Term Investments | $10M |
| Net Receivables | $106M |
| Inventory | $75M |
| Other Current Assets | $149M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $67M |
| Goodwill | $0 |
| Intangible Assets | $76M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $153M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $142M |
| Short-Term Debt | $211M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $416M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $457M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $30M |
| Other Equity | $3.3B |
| TOTAL STOCKHOLDERS' EQUITY | $716M |
| Minority Interest | $0 |
| TOTAL EQUITY | $716M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $224M |
| Net Debt | -$455M |
