| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | — | $15M | — | 136.0% |
| Op. Income | -$373M | — | -$272M | — | -36.9% |
| Gross Margin | 10.4% | — | -39.0% | — | 49.4pp |
| Net Margin | -2094.2% | — | -1826.4% | — | -267.8pp |
| EPS (Diluted) | $-4.20 | — | $-1.37 | — | -206.6% |
| Free Cash Flow | -$313M | — | -$296M | — | -5.8% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $4M |
| R&D Expenses | $260M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $116M |
| Other Expenses | $0 |
| Operating Expenses | $376M |
| Cost & Expenses | $408M |
| OPERATING INCOME | -$373M |
| Interest Income | $20M |
| Interest Expense | $13M |
| Other Income/Expenses | -$372M |
| INCOME BEFORE TAX | -$745M |
| Income Tax Expense | $756.0K |
| NET INCOME | -$746M |
| D&A | $22M |
| EBIT | -$373M |
| EBITDA | -$351M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$746M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $427M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | -$268M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $33M |
| NET CASH FROM FINANCING | $1.7B |
| FREE CASH FLOW | -$313M |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $365M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $481.0K |
| Tax Assets | $21M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $388M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $25M |
| Short-Term Debt | $7M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $76M |
| Long-Term Debt | $180M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $233M |
| TOTAL LIABILITIES | $310M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $204M |
| Net Debt | -$1.5B |
