GAAP operating loss: –$113M (driven by stock-based comp).
Non-GAAP operating income: +$255M (21.8% margin).
Non-GAAP EPS (diluted): $0.93.
👉 Big GAAP vs Non-GAAP gap shows heavy SBC costs — non-cash, hitting accounting profit but not cash flow.
GAAP operating loss: –$113M (driven by stock-based comp).
Non-GAAP operating income: +$255M (21.8% margin).
Non-GAAP EPS (diluted): $0.93.
👉 Big GAAP vs Non-GAAP gap shows heavy SBC costs — non-cash, hitting accounting profit but not cash flow.