| Metric | FY 2026 | Prior Q | FY 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | — | $1.8B | — | -15.0% |
| Op. Income | -$568M | — | -$215M | — | -163.8% |
| Gross Margin | -31.9% | — | -4.7% | — | -27.2pp |
| Net Margin | -47.2% | — | -9.1% | — | -38.2pp |
| EPS (Diluted) | $-6.62 | — | $-1.50 | — | -342.0% |
| Free Cash Flow | -$288M | — | -$330M | — | 12.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | -$486M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $81M |
| SG&A Expenses | $81M |
| Other Expenses | $876.9K |
| Operating Expenses | $82M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | -$568M |
| Interest Income | $5M |
| Interest Expense | $62M |
| Other Income/Expenses | -$383M |
| INCOME BEFORE TAX | -$951M |
| Income Tax Expense | -$231M |
| Net Income from Continuing Ops | -$720M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$720M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$720M |
| D&A | $260M |
| EBIT | -$888M |
| EBITDA | -$628M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$720M |
| Depreciation & Amortization | $260M |
| Stock-Based Compensation | -$14M |
| Deferred Income Tax | -$78M |
| Other Non-Cash Items | $449M |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | -$48M |
| Capital Expenditure | -$240M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$228M |
| Net Debt Issuance | $188M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | $147M |
| FREE CASH FLOW | -$288M |
| Net Change in Cash | -$138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $292M |
| Inventory | $416M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $791M |
| PP&E (Net) | $753M |
| Goodwill | $0 |
| Intangible Assets | $219.1K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $755M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $35M |
| Short-Term Debt | $135M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $363M |
| Long-Term Debt | $494M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $329M |
| TOTAL NON-CURRENT LIABILITIES | $824M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $713M |
| Additional Paid-In Capital | -$657.7K |
| Retained Earnings | -$656M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $303M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $359M |
| Minority Interest | $0 |
| TOTAL EQUITY | $359M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $630M |
| Net Debt | $573M |
