| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $732M | — | $663M | — | 10.5% |
| Op. Income | $17M | — | -$40M | — | 141.9% |
| Gross Margin | 19.9% | — | 22.5% | — | -2.6pp |
| Net Margin | -3.2% | — | -4.7% | — | 1.5pp |
| EPS (Diluted) | $-0.37 | — | $-0.50 | — | 26.0% |
| Free Cash Flow | -$120M | — | -$69M | — | -72.7% |
| Item | Amount |
|---|---|
| REVENUE | $732M |
| Cost of Revenue | $587M |
| GROSS PROFIT | $146M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $129M |
| Other Expenses | $0 |
| Operating Expenses | $129M |
| Cost & Expenses | $716M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$831.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $76M |
| EBIT | $22M |
| EBITDA | $98M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $32M |
| Change in Working Capital | -$72M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$145M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$145M |
| NET CASH FROM INVESTING | -$145M |
| Net Debt Issuance | $117M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $119M |
| FREE CASH FLOW | -$120M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $159M |
| PP&E (Net) | $0 |
| Goodwill | $176M |
| Intangible Assets | $124M |
| Long-Term Investments | $117M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $43M |
| Short-Term Debt | $215M |
| Deferred Revenue | $110M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $377M |
| Long-Term Debt | $622M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $41M |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $700M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $103.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$609M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $1.1B |
| TOTAL STOCKHOLDERS' EQUITY | $526M |
| Minority Interest | $12M |
| TOTAL EQUITY | $538M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $837M |
| Net Debt | $726M |
