| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $216M | — | $137M | — | 57.7% |
| Op. Income | -$72M | — | -$15M | — | -379.9% |
| Gross Margin | 10.5% | — | 21.9% | — | -11.4pp |
| Net Margin | -107.2% | — | -109.3% | — | 2.0pp |
| EPS (Diluted) | $-1.16 | — | $-1.31 | — | 11.5% |
| Free Cash Flow | -$797M | — | -$128M | — | -522.6% |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $95M |
| Other Expenses | $0 |
| Operating Expenses | $95M |
| Cost & Expenses | $288M |
| OPERATING INCOME | -$72M |
| Interest Income | $3M |
| Interest Expense | $18M |
| Other Income/Expenses | -$131M |
| INCOME BEFORE TAX | -$204M |
| Income Tax Expense | $102.0K |
| Net Income from Continuing Ops | -$204M |
| Net Income from Discontinued Ops | -$27M |
| Other Adjustments | $0 |
| NET INCOME | -$231M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$234M |
| D&A | $84M |
| EBIT | -$175M |
| EBITDA | -$92M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$231M |
| Depreciation & Amortization | $98M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $144M |
| Change in Working Capital | -$149M |
| OPERATING CASH FLOW | -$115M |
| Capital Expenditure | -$682M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $19M |
| NET CASH FROM INVESTING | -$668M |
| Net Debt Issuance | $694M |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$175M |
| NET CASH FROM FINANCING | $875M |
| FREE CASH FLOW | -$797M |
| Net Change in Cash | $89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $314M |
| TOTAL CURRENT ASSETS | $431M |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $138M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $248M |
| Short-Term Debt | $10M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $240M |
| TOTAL CURRENT LIABILITIES | $558M |
| Long-Term Debt | $678M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $678M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $230.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$481M |
| Treasury Stock | -$31M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $634M |
| Minority Interest | $0 |
| TOTAL EQUITY | $634M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $703M |
| Net Debt | $589M |
