Western Digital Corporation (WDC): Business Model Canvas [Dec-2025 Updated]

You're digging into how Western Digital Corporation built its $9.52 billion revenue engine in fiscal year 2025, and honestly, it's a masterclass in managing massive scale. As someone who's tracked this sector for two decades, what stands out is their razor-sharp focus: nearly 90% of Q4FY25 revenue came from Cloud Service Providers, making their high-capacity HDD value proposition-like the 32TB UltraSMR drives-the absolute core. Still, they are pouring $994.0 million into Research and Development (R&D), especially for Heat-Assisted Magnetic Recording (HAMR) technology, showing they know the future of storage demands constant, expensive reinvention. Below, I've mapped out the entire blueprint, from their key partnerships with KIOXIA to the high Cost of Sales at $5.83 billion, so you can see exactly how they balance today's cash cow with tomorrow's tech bets.

Western Digital Corporation (WDC) - Canvas Business Model: Key Partnerships

Western Digital Corporation (WDC) relies on a network of strategic alliances to drive its Platforms business, which posted fiscal year 2025 revenue of $9.52 billion, marking an increase of 51% year-over-year.

Strategic alliance with Ingrasys (Foxconn) for integrated storage solutions

Western Digital Corporation announced a long-term strategic collaboration with Ingrasys, a subsidiary of Foxconn Technology Group, in May 2025. This alliance targets the delivery of a new flagship Top-of-Rack (TOR) switch with embedded storage, specifically a TOR EBOF (Ethernet Bunch of Flash). Ingrasys is set to manufacture the high-density TOR EBOF, utilizing Western Digital Corporation's RapidFlex™ NVMe-oF™ bridge technology. The target availability for this joint product is 2027. Western Digital Corporation will lead the go-to-market efforts for these NVMe-oF disaggregated storage solutions aimed at cloud service providers (CSPs) and storage original equipment manufacturers (OEMs).

Technology collaboration with KIOXIA for NVMe SSDs in storage platforms

The joint NAND fabrication partnership between Western Digital Corporation and KIOXIA continues to be a backbone for SSD supply. For the recent quarter ending June 27, 2025 (Q4FY25), Western Digital Corporation's SSD revenues reached $1.88 billion, showing a 12 percent year-over-year increase. Western Digital Corporation's OpenFlex™ Data24 4000 Series NVMe-oF™ Storage Platform utilizes KIOXIA CM7-V Series NVMe® SSDs in its architecture. Furthermore, Western Digital Corporation has qualified Kioxia SSDs within its Open Composable Compatibility Lab (OCCL) to ensure interoperability across its platforms.

Co-engineering with Microsoft for Windows Server and Azure Stack compatibility

Western Digital Corporation's success in the Cloud segment, which accounted for 55% of total revenue at $2.3 billion in fiscal second quarter 2025, is intrinsically linked to platforms like Microsoft Azure. Microsoft announced an investment of $80 billion in AI and data centers for its fiscal year 2025 budget to enhance Azure infrastructure. Microsoft Azure offers a service level agreement (SLA) guaranteeing 99.9% availability for hosted applications and data. While direct co-engineering financial metrics aren't public, the alignment is clear as Red Hat Enterprise Linux 10 builds on deep collaborations with Microsoft Azure to deliver optimized cloud offerings.

Ecosystem partners like Red Hat for open-source and hybrid cloud solutions

Red Hat's 2025 strategy emphasizes enabling customer AI innovation across hybrid cloud environments. The partner ecosystem supports Red Hat Enterprise Linux 10, which extends its reach across all major public clouds, including deep collaborations with Microsoft Azure. Red Hat's ecosystem is built on a culture of open collaboration, focusing on shared success and co-creation of joint offerings.

Key ecosystem enablement points include:

• Empowering partners with self-service tools and training programs.
• Ramping up virtualization-specialized partners via the PPA Virt Specialization.
• Launching the invite-only Red Hat Partner Practice Accelerator Program in 2024.
• Honoring excellence through the Red Hat Ecosystem Innovation Awards, with categories like Hybrid Cloud Everywhere Partner of the Year.

Global network of distributors and resellers for market reach

The global reach is supported by a network of distributors that handle the go-to-market for both HDD and SSD solutions across enterprise and consumer segments. For instance, distributors like Hammer Distribution provision on-premises datacentre-ready servers powered by technologies from partners such as Western Digital Corporation. The fiscal fourth quarter 2025 revenue for Western Digital Corporation was $2.61 billion, up 30% year-over-year, reflecting broad market acceptance.

Here's a quick look at the financial context surrounding these partnerships for Fiscal Year 2025:

The firm also announced the authorization of a $2.0 billion share repurchase program during the quarter. Finance: draft 13-week cash view by Friday.

Western Digital Corporation (WDC) - Canvas Business Model: Key Activities

You're looking at the core engine driving Western Digital Corporation's value proposition, which, as of late 2025, is almost entirely focused on the data center and the Artificial Intelligence (AI) storage demand curve. The Key Activities here are all about capacity, cutting-edge technology, and securing the pipeline with the biggest buyers.

High-capacity nearline Hard Disk Drive (HDD) manufacturing and ramp-up is the central focus. This activity is directly serving the hyperscalers, who need massive, cost-effective storage. In the fourth quarter of fiscal year 2025, Western Digital shipped a total of 190 exabytes (EB) of capacity, with 170 EB of that being nearline drives. The unit volume for nearline drives in that same quarter was 9.3 million units. Western Digital is currently ramping up its latest generation drives, including the 32TB UltraSMR and 26TB CMR models, to meet this demand.

The company's commitment to future density is captured in its Accelerating Heat-Assisted Magnetic Recording (HAMR) technology development. Western Digital is actively testing HAMR drives with two major hyperscale customers right now. The roadmap anticipates mass production ramping in the first half of calendar year 2027, with long-term targets aiming for 100TB drives by the 2030 timeframe. This technology transition is critical because hyperscalers prioritize terabyte density per rack and the lowest dollar-per-terabyte cost.

Underpinning all manufacturing is rigorous Supply chain management for global component sourcing and production. The AI-driven demand has tightened the market, with enterprise HDD lead times stretching to 3-6 months for specialized configurations. To secure future volume, Western Digital has established Long-Term Agreements (LTAs) with all of its top five hyperscale customers that cover fiscal year 2026. The reliance on these key customers is significant; they accounted for 90 percent of Western Digital's total revenue in the fourth quarter of fiscal 2025.

The financial commitment to maintaining this technological edge is substantial, reflected in the Research and Development (R&D) investment of about $994.0 million in FY2025. This investment is part of a broader strategy, including a reported plan to invest $1 billion in Japan over the next five years to drive next-generation HDD innovation. The overall fiscal year 2025 performance supported this spending, with total revenue reaching $9.52 billion and generating $1.28B in free cash flow.

Finally, the activity of Qualification testing of new drives with hyperscale customers is a non-negotiable gate for volume sales. Feedback from the ongoing HAMR tests at two hyperscale customers has been encouraging, showing steady progress against internal milestones. This qualification process is the necessary step before the expected volume ramp of these next-generation drives.

Here's a quick look at the capacity metrics driving these activities:

The operational focus is clearly on maximizing the output of high-density HDDs while de-risking the transition to HAMR. You can see the strategic alignment in the numbers:

• Cloud (datacenter) revenue represented 54% of total revenue in Q1 FY25.
• GAAP Gross Margin for FY2025 was 38.8%.
• The company reduced debt by $2.6 billion during Q4 FY25.
• The company announced a new quarterly dividend of $0.10 per share.
• The company is focused on delivering drives with an expected TCO (Total Cost of Ownership) that is 3.6x better than enterprise SSDs.

Western Digital Corporation (WDC) - Canvas Business Model: Key Resources

You're looking at the hard assets that let Western Digital Corporation keep the world's data moving, and the numbers tell a clear story of scale and focus, especially after the early 2025 restructuring.

Extensive patent portfolio in HDD and Flash memory technologies

The intellectual property base is substantial, covering both legacy and next-generation storage architectures. This portfolio is a critical barrier to entry for competitors.

The portfolio's focus areas include machine learning and artificial intelligence technologies, with nearly 20% of machine learning patents filed in Q2 2024.

Global manufacturing and assembly facilities, defintely a core asset

Following the spin-off of the Flash business, Western Digital Corporation's manufacturing focus is concentrated on its Hard Disk Drive (HDD) technology, which remains the foundation for mass capacity storage.

The company holds a 42% market share in the HDD market. The projected growth in the HDD industry, driven by AI, is expected to see exabyte shipments increase at a 23% CAGR from 2024 to 2028.

Deep engineering expertise in mass-capacity storage solutions

This expertise is evidenced by the technology roadmap and market adoption rates for high-capacity drives, which are essential for the Cloud segment, representing 90% of total revenue in Q4 FY2025.

• HDD exabyte shipments projected to grow at a 23% CAGR (2024 to 2028).
• Global data creation expected to grow over 160% by 2028, reaching 394 zettabytes.
• Non-GAAP Gross Margin for Q4 FY2025 reached 41.3%.

Established brands: Western Digital, WD, and SanDisk Professional

The brand structure was simplified with the spin-off of the Flash business as Sandisk Corporation on February 24, 2025. The remaining entity focuses on the core HDD business under the primary brand.

The established brands include:

• Western Digital
• WD
• SanDisk Professional

Long-term supply agreements for critical components

Securing volume commitments with major customers is a key resource, underpinning the strong financial performance.

The full Fiscal Year 2025 revenue was $9.52 billion, a 51% increase year-over-year.

Western Digital Corporation (WDC) - Canvas Business Model: Value Propositions

You're looking at the core reasons hyperscalers and enterprises choose Western Digital Corporation for their massive data needs as of late 2025. It all boils down to density, economics, and the sheer scale required by the AI Data Cycle.

Unmatched cost-efficiency and reliability for mass data storage (HDDs)

The value here is delivering the lowest cost per bit for the vast majority of data that isn't needed instantly. This is proven by the structural economics where IDC reports a 5x-10x $/TB premium for Solid State Drives (SSDs) versus Hard Disk Drives (HDDs) in enterprise environments. The reliability is baked into the design, using proven technology like OptiNAND™, ArmorCache™, and a triple-stage actuator (TSA).

Here are the specs on the latest high-capacity workhorses shipping now:

Industry-leading capacity points like 32TB UltraSMR for hyperscalers

Western Digital Corporation is shipping the industry's highest capacity Hard Disk Drives (HDDs), which directly translates to higher density in the customer's rack. The 32TB Ultrastar DC HC690 UltraSMR HDD model is now shipping for hyperscalers, CSPs (Cloud Service Providers), and enterprises. This capacity milestone is crucial because it allows customers to scale up content storage at an optimal Total Cost of Ownership (TCO). The company is leading SMR (Shingled Magnetic Recording) adoption with this drive.

High-performance Solid State Drives (SSDs) for enterprise and client computing

While HDDs handle the bulk capacity, the SSD portfolio provides the necessary speed for latency-sensitive data. In the fiscal first quarter of 2025, revenue from enterprise SSD bit shipments to data centers was a primary growth catalyst. For context, in the fiscal second quarter of 2025, Western Digital Corporation reported net sales of $4.3 billion, with the cloud segment accounting for 55% of total revenue, driven by both nearline HDD and enterprise SSD shipments. The enterprise SSD revenue segment reached its highest level since the fourth quarter of 2022, growing 76% sequentially in the first quarter of 2025.

Low Total Cost of Ownership (TCO) for cloud and enterprise data centers

The TCO advantage is a structural reality, not a temporary pricing benefit. By deploying higher capacity drives, like the 32TB models, customers achieve TCO savings by eliminating servers and all other supporting infrastructure. This reduction in physical footprint cuts down on OpEx related to building leases, heating, cooling, and maintenance for non-existent drives. The company's focus is on delivering this low TCO to its trusted hyperscale cloud providers and enterprise data centers.

Scalable, sustainable technology for AI-driven data workloads

The exponential growth in data, largely fueled by AI, demands scalable infrastructure. Global data generation is projected to more than triple from 173.4ZB in 2024 to 527.5ZB in 2029. To meet this, Western Digital Corporation projects HDD exabyte shipments will increase at a 23% CAGR from 2024 to 2028. The company aims to store the majority of the world's generated data, which is expected to grow 3x between 2023 and 2028, with the necessary scalability, TCO, and sustainability focus. The new drives, featuring low power consumption (e.g., 5.5W idle), help lower the overall energy demand of data centers, aligning with eco-conscious operations.

The financial results from the first half of 2025 underscore this focus:

• Fiscal Q1 2025 Cloud revenue was $2.208 billion, or 54% of total revenue.
• Fiscal Q2 2025 net sales reached $4.3 billion, a 41% year-over-year increase.
• Gross margin improved to 35.4% from 16.2% in the prior year period.
• The fiscal second quarter 2025 revenue guidance was $4.20 billion to $4.40 billion.

Finance: draft 13-week cash view by Friday.

Western Digital Corporation (WDC) - Canvas Business Model: Customer Relationships

The relationship with key customer segments is heavily weighted toward large-scale, strategic accounts, reflecting the dominance of the Cloud segment in Western Digital Corporation's revenue profile.

Dedicated, direct sales teams for hyperscale and OEM accounts

Western Digital Corporation maintains deep, direct engagement with its largest volume purchasers. This focus is evident as the Cloud segment represented 87.62% of total revenue in the full year 2025. The company is the trusted partner for the world's largest hyperscalers, CSPs (Cloud Service Providers), and OEMs. This direct sales approach is critical for driving adoption of high-capacity solutions like UltraSMR and future HAMR technology, which are being co-developed and tested with these major players. The company has secured long-term agreements (LTAs) with two of its largest customers, providing demand visibility well into the first half of calendar year 2026, a significant shift from the previous three to six month visibility windows.

Collaborative development and testing with major cloud customers

Collaboration is essential for future product roadmaps, particularly in high-capacity HDD development. Western Digital Corporation announced that its HAMR development is accelerating, with testing currently underway with two major hyperscale customers. This joint development ensures that new products, such as the industry-leading 30TB+ drives tailored for AI data lakes, meet specific, demanding cloud requirements. The company is on track to begin volume shipments of HAMR-based HDDs in the first half of 2027, following qualifications expected by the end of 2026.

Account management for large enterprise and government clients

Beyond the hyperscalers, dedicated account management supports the enterprise and government sectors, which require solutions prioritizing Total Cost of Ownership (TCO) and scalability for massive AI workloads. For the full year 2025, the company reported a net income of $1.60b. The focus remains on delivering the scalability and sustainability needed to store the majority of the world's generated data, which is expected to grow 3x between 2023 and 2028.

The following table summarizes the revenue concentration and key financial metrics related to these large customer relationships as of late 2025:

Partner Programs offering sales incentives and marketing reimbursement

Channel partners are managed through tiered programs designed to incentivize sales through distribution. The myWD Partner Program includes Silver, Gold, and Diamond tiers. To attain Gold status, partners must accumulate 30,000 minimum points, while Diamond status requires 75,000 minimum points. Benefits include direct incentives, member-only promotions, and access to marketing tools. Separately, the Western Digital Affiliate Program partners with CJ.com, offering commission rates up to 10% for driving sales to the online store. This program offers a referral credit period of up to 90 days from the customer's click date.

Automated online support and warranty services for consumers

For the consumer segment, support relies on self-service and automated channels. Customers can check warranty status, download firmware, and access FAQs through dedicated online portals. For direct contact regarding online store orders in the US, the support line operates from Monday to Friday, 8am to 5pm PST, at +1 (800) 275-4932. Following the separation of the Flash business (Sandisk), support processes for Western Digital brand HDDs are distinct from those for flash products.

Western Digital Corporation (WDC) - Canvas Business Model: Channels

You're looking at how Western Digital Corporation moves its storage products-from massive data center drives to your external backup-to the end-user. The channel strategy is clearly tiered, reflecting the different needs of enterprise versus consumer buyers.

Direct sales to Cloud Service Providers (CSPs) and Original Equipment Manufacturers (OEMs) form the backbone of the current revenue stream, especially with the AI data cycle driving demand for mass storage. For instance, in the fiscal first quarter of 2026, the Cloud segment, which heavily involves direct sales to CSPs for nearline storage, represented a commanding 89% of total revenue, equating to $2.5 billion of the quarter's total revenue of $2.8 billion. The OEM-related business, grouped under the Client segment, was much smaller in that same period, making up just 5% of revenue, or $146 million. This shows a strong preference for direct, high-volume enterprise relationships.

The overall scale of the business in fiscal year 2025 was substantial, with total annual revenue hitting $9.52 billion, which was a 50.7% increase year-over-year. This massive revenue base is supported by the entire channel structure.

For the consumer side, which includes retail and e-commerce, the channel is smaller but still significant for brand presence and specific product lines like portable drives and memory cards. In fiscal Q1 2026, the Consumer segment accounted for 6% of revenue, totaling $162 million. This channel is where you see the direct-to-consumer play via the Western Digital online store and the indirect play through major electronics retailers.

Here's a quick look at how the latest reported segment revenue breaks down, which proxies for the main channel focus:

The Global network of authorized distributors and resellers and System integrators and value-added resellers (VARs) are critical for reaching the broader commercial and small-to-medium business (SMB) markets that don't fall neatly into the hyperscaler or direct OEM buckets. While specific revenue splits for these indirect channels aren't always itemized separately from the 'Client' or 'Consumer' buckets in every filing, their function is to extend reach for products not sold directly to the largest customers. These partners help move enterprise-grade drives into smaller data centers and specialized IT solutions.

The channel strategy supports significant financial activity. For example, in the fourth quarter of fiscal 2025, Western Digital Corporation generated $675 million in free cash flow. Also, reflecting confidence in the cash-generating capability across these channels, the Board authorized a $2.0 billion share repurchase program and initiated a cash dividend of $0.10 per share during that same quarter.

You can see the channel focus is heavily weighted toward the enterprise side, which makes sense given the product mix:

• Cloud/Enterprise Focus: Driven by high-capacity nearline drives, with 32 terabyte Ultra SMR clouds being a key product in Q1 FY2026.
• Client/OEM Focus: Includes PC and notebook storage, where Flash revenue growth was offset by pricing pressure in Q1 FY2025.
• Consumer Focus: This channel saw a sequential decline in Q3 2025 due to lower unit shipments.
• Channel Health Indicator: The overall company reduced debt by $2.6 billion in Q4 FY2025, signaling strong cash conversion from sales across all channels.

Finance: draft 13-week cash view by Friday.

Western Digital Corporation (WDC) - Canvas Business Model: Customer Segments

You're looking at the customer base for Western Digital Corporation (WDC) as of late 2025, and the picture is dominated by one massive buyer group. The company's strategy is clearly laser-focused on the infrastructure that powers the digital world.

Cloud Service Providers (Hyperscalers) represent the undeniable core of Western Digital Corporation's business. This segment drove an astonishing 90% of the total revenue in the fourth quarter of fiscal year 2025 (Q4FY25). That concentration shows where the massive demand for high-capacity storage is right now. Revenue for this segment specifically grew by 36% year-over-year in Q4FY25. For the full fiscal year 2025, total revenue for Western Digital Corporation hit $9.52 billion.

Here's a quick look at the revenue distribution based on the Q4FY25 results, where total revenue was $2.61 billion:

The remaining portion of the business is split between the Client and Consumer groups, which, to be fair, are significantly smaller now. The Client segment, which includes manufacturers of PCs, notebooks, and gaming consoles, is a key partner for integrating their storage into end-user devices.

The Enterprise Data Centers segment, which covers financial, healthcare, and government institutions needing large-scale, reliable storage, is largely captured within the massive 'Cloud' reporting bucket, as hyperscalers are the primary buyers of the high-capacity Hard Disk Drives (HDDs) that Western Digital Corporation emphasizes. Management is confident that HDDs will remain the foundation of this data infrastructure.

You'll also find smaller, but important, customer groups:

• Client OEMs: Manufacturers of PCs, notebooks, and gaming consoles.
• Consumers: Individuals purchasing external drives and flash memory products for personal use.
• Content Professionals: This niche is served through specialized, high-performance offerings, including the SanDisk Professional brand.

What this estimate hides is that the Client and Consumer segments are quite small in absolute terms for Q4FY25; for instance, one data point shows Client revenue at $140 million and Consumer revenue at $136 million for that quarter. The focus on the Cloud segment is driven by the need for low Total Cost of Ownership (TCO) solutions, especially for AI-driven workloads. Finance: draft 13-week cash view by Friday.

Western Digital Corporation (WDC) - Canvas Business Model: Cost Structure

The Cost Structure for Western Digital Corporation, following the separation of its Flash business in early 2025, remains heavily influenced by the inherent capital intensity of semiconductor manufacturing and ongoing strategic realignment.

The High Cost of Sales (CoS), driven by materials and manufacturing overhead for the remaining Hard Disk Drive (HDD) business, is a primary cost component. For the fiscal year ended June 27, 2025, the Cost of Revenue was $5,828 million, which aligns closely with the expected figure of about $5.83 billion, representing a significant portion of the total net revenue of $9,520 million for the year.

You see the breakdown of key operating costs in the table below, reflecting the scale of Western Digital Corporation's operations:

The company carries significant fixed costs from global fabrication and assembly plants, which are necessary to maintain capacity and technological leadership in HDD manufacturing. While the exact fixed cost component isn't isolated in the summary data, the high Cost of Revenue relative to revenue, and the substantial total operating expenses of $1,358 million, underscore the fixed nature of these large-scale manufacturing assets.

Substantial Research and Development (R&D) expenditure is non-negotiable for staying competitive in data storage. Western Digital Corporation spent $994 million on R&D for fiscal year 2025. This level of spending reflects the continuous need to advance capacity, performance, and efficiency, especially as the HDD business supports mass storage in an AI-driven future.

Sales, General, and Administrative (SG&A) expenses were reported at $568 million for FY2025. This covers the costs of selling products, managing the global sales force, and general corporate overhead, separate from the direct costs of making the product (CoS) and developing new technology (R&D).

Costs associated with the planned separation of the Flash business are reflected in the financial statements following the completion of the spin-off on February 21, 2025. The historical results of the separated Flash segment, now Sandisk Corporation, are reclassified as discontinued operations starting in the third quarter of fiscal 2025. A major financial impact related to this event is the Loss on retained interest in Sandisk, which was a charge of ($772 million) in the fiscal year 2025 income statement. Additionally, the company recorded Business realignment charges of ($6 million) in the same period.

• The separation resulted in a total net loss for Western Digital Corporation of $1,889 million in FY2025, though net income from continuing operations was positive at $1,643 million.
• The company also incurred significant non-operating costs, including Interest expense of ($357 million) and a Loss on extinguishment of debt of ($100 million).
• The focus post-separation is on the core HDD business, which generated a positive Operating Income of $2,334 million from continuing operations in FY2025, a stark contrast to the operating loss of ($403 million) in FY2024.

Western Digital Corporation (WDC) - Canvas Business Model: Revenue Streams

You're looking at the revenue engine for Western Digital Corporation as of late 2025, and honestly, it's become a story of hyperscale dominance. The numbers from the fourth quarter of fiscal year 2025, which ended June 27, 2025, paint a very clear picture of where the money is coming from. Total revenue for that quarter hit $2.61 billion, marking a significant 30% increase year-over-year. For the full fiscal year 2025, the total revenue reached $9.52 billion, which was up a massive 51% compared to the prior fiscal year.

Here's the quick math on how that Q4 revenue broke down across the primary segments. It's heavily skewed toward the cloud, which is a major strategic shift you need to keep in mind.

Sales of high-capacity nearline HDDs to cloud customers are the clear driver. This Cloud segment generated $2.33 billion in Q4 FY2025 revenue, a 36% jump year-over-year. To give you a sense of scale, in the preceding third quarter of fiscal 2025, this segment brought in $2.0 billion, representing 87% of the total revenue. The company is shipping massive amounts of data capacity to these hyperscalers; they shipped 190 exabytes in total capacity in Q4, with 170 exabytes attributed to Nearline Applications.

The other segments are now much smaller parts of the overall revenue pie, but they still contribute. You can see the relative size of the Client and Consumer businesses in the table above, but let's look at the unit movements for context:

• Client compute units shipped were 2.1 million in Q4.
• Consumer shipped units were 1.5 million in Q4.
• Nearline drive units shipped reached 9.3 million in Q4, up from 7.9 million a year ago.

Sales of client HDDs and SSDs to PC and notebook OEMs, which you track as the Client segment, pulled in $140 million in Q4 FY2025, which was actually down 12% year-over-year. Similarly, sales of branded consumer products, like external drives under the SanDisk and WD brands, accounted for $136 million, seeing a 12% decline year-over-year.

Regarding revenue from enterprise storage platforms and systems, this is largely embedded within the Cloud segment's success, driven by the nearline HDD sales and enterprise SSD bit shipments to data center customers. For licensing and royalty income from intellectual property, while Western Digital Corporation certainly generates this, the specific dollar amount is not explicitly broken out in the high-level Q4 FY2025 summary data available.

Finance: draft 13-week cash view by Friday.