| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $938M | — | — | — | — |
| Op. Income | $1.4B | — | — | — | — |
| Gross Margin | 56.9% | — | — | — | — |
| Net Margin | -75.3% | — | — | — | — |
| EPS (Diluted) | $-3.93 | — | — | — | — |
| Free Cash Flow | -$351M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $938M |
| Cost of Revenue | $404M |
| GROSS PROFIT | $534M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $35M |
| SG&A Expenses | $35M |
| Other Expenses | -$939M |
| Operating Expenses | -$904M |
| Cost & Expenses | -$500M |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $436M |
| Other Income/Expenses | -$2.1B |
| INCOME BEFORE TAX | -$676M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$666M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$706M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$706M |
| D&A | $301M |
| EBIT | -$240M |
| EBITDA | $61M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$706M |
| Depreciation & Amortization | $301M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $504M |
| Change in Working Capital | -$100M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$350M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $404M |
| NET CASH FROM INVESTING | $54M |
| Net Debt Issuance | $1.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.3B |
| NET CASH FROM FINANCING | $59M |
| FREE CASH FLOW | -$351M |
| Net Change in Cash | $123M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $964M |
| Short-Term Investments | $0 |
| Net Receivables | $3.2B |
| Inventory | $44M |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $54.4B |
| Goodwill | $1.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $2.2B |
| Tax Assets | $245M |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $58.0B |
| TOTAL ASSETS | $63.4B |
| Account Payables | $463M |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.8B |
| TOTAL CURRENT LIABILITIES | $21.2B |
| Long-Term Debt | $17.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $10.1B |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $29.6B |
| TOTAL LIABILITIES | $50.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16.9B |
| Other Equity | $16.4B |
| TOTAL STOCKHOLDERS' EQUITY | -$557M |
| Minority Interest | $13.2B |
| TOTAL EQUITY | $12.7B |
| TOTAL LIABILITIES & EQUITY | $63.4B |
| Total Debt | $21.3B |
| Net Debt | $20.4B |
