AI Q2 2025 Earnings — Income Statement Breakdown
For its Q2 2025 period (ending 2025-10-31), AI reported revenue of $75M, gross profit of $30M (40.4% gross margin), operating income of −$112M, and net income of −$105M (-139.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AI reported a net loss; revenue fell 20.3% year over year, and EPS beat consensus by $0.01.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −20.3% | −58.7% | Not available |
| Quarter over quarter | +7.0% | +10.4% | Not available |
EPS was $-0.75 versus $-0.76 expected.
AI Q2 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $75M | 100% |
| Cost of Revenue | −$45M | 59.6% |
| Gross Profit | $30M | 40.4% |
| Research & Development | −$58M | 77.7% |
| Selling, General & Administrative | −$84M | 112.0% |
| Operating Income | −$112M | -149.2% |
| Other Income, net | $8M | 10.2% |
| Income Tax Expense | −$237,000 | 0.3% |
| Net Income | −$105M | -139.3% |
Source: original SEC filing (filed 2025-12-03). Accession 0001577526-25-000052. Data normalized by EarningsFyi.