| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | — | $76M | — | 38.9% |
| Op. Income | -$93M | — | -$137M | — | 32.5% |
| Gross Margin | 89.8% | — | 100.0% | — | -10.2pp |
| Net Margin | -76.6% | — | -160.8% | — | 84.2pp |
| EPS (Diluted) | $-1.08 | — | $-1.62 | — | 33.3% |
| Free Cash Flow | -$35M | — | -$113M | — | 69.5% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $95M |
| R&D Expenses | $137M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $188M |
| Cost & Expenses | $199M |
| OPERATING INCOME | -$93M |
| Interest Income | $3.5B |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | $1M |
| NET INCOME | -$81M |
| D&A | $7.7B |
| EBIT | -$80M |
| EBITDA | $7.6B |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$81M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $945.0K |
| Other Non-Cash Items | $848.0K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$196M |
| Sales/Maturities of Investments | $225M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$181.0K |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $188M |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $233M |
| PP&E (Net) | $0 |
| Goodwill | $12.0B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $42M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$13.3B |
| TOTAL NON-CURRENT ASSETS | $113M |
| TOTAL ASSETS | $347M |
| Account Payables | $36M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $278.0K |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $78M |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $115M |
| Retained Earnings | -$953M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $269M |
| Minority Interest | $0 |
| TOTAL EQUITY | $269M |
| TOTAL LIABILITIES & EQUITY | $347M |
| Total Debt | $18M |
| Net Debt | -$23M |
