| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$143M | -$169M | -$190M | 15.7% | 24.8% |
| EPS (Diluted) | $-1.21 | $-1.64 | $-1.85 | 26.2% | 34.6% |
| Free Cash Flow | -$131M | -$146M | -$171M | 10.3% | 23.5% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $960.0K |
| GROSS PROFIT | -$960.0K |
| R&D Expenses | $122M |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | -$960.0K |
| Operating Expenses | $142M |
| Cost & Expenses | $143M |
| OPERATING INCOME | -$143M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$145M |
| Income Tax Expense | $351.0K |
| NET INCOME | -$146M |
| D&A | $3M |
| EBIT | -$145M |
| EBITDA | -$143M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$146M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$131M |
| Capital Expenditure | -$8.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$89M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$194.0K |
| NET CASH FROM FINANCING | $189M |
| FREE CASH FLOW | -$131M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $230M |
| Short-Term Investments | $89M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $368M |
| PP&E (Net) | $16M |
| Goodwill | $1M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $83M |
| TOTAL ASSETS | $451M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $104M |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $279M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $283M |
| TOTAL LIABILITIES | $399M |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $194M |
| TOTAL STOCKHOLDERS' EQUITY | $52M |
| Minority Interest | $0 |
| TOTAL EQUITY | $52M |
| TOTAL LIABILITIES & EQUITY | $451M |
| Total Debt | $279M |
| Net Debt | $49M |
