| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $229M | — | $193M | — | 18.9% |
| Op. Income | -$150M | — | -$108M | — | -39.1% |
| Gross Margin | -8.2% | — | -16.8% | — | 8.5pp |
| Net Margin | -124.1% | — | -28.0% | — | -96.1pp |
| EPS (Diluted) | $-0.52 | — | $-0.13 | — | -300.0% |
| Free Cash Flow | -$327M | — | -$480M | — | 32.0% |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $248M |
| GROSS PROFIT | -$19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $78M |
| SG&A Expenses | $78M |
| Other Expenses | $52M |
| Operating Expenses | $131M |
| Cost & Expenses | $379M |
| OPERATING INCOME | -$150M |
| Interest Income | $6M |
| Interest Expense | $9M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | -$208M |
| Income Tax Expense | $101.0K |
| Net Income from Continuing Ops | -$209M |
| Net Income from Discontinued Ops | -$76M |
| Other Adjustments | $0 |
| NET INCOME | -$285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$285M |
| D&A | $0 |
| EBIT | -$150M |
| EBITDA | -$150M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$285M |
| Depreciation & Amortization | $123M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$81M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$227M |
| Capital Expenditure | -$100M |
| Acquisitions (Net) | -$48M |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | $252M |
| NET CASH FROM INVESTING | $104M |
| Net Debt Issuance | $665M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$69M |
| NET CASH FROM FINANCING | $694M |
| FREE CASH FLOW | -$327M |
| Net Change in Cash | $571M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $573M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $9M |
| Other Current Assets | $239M |
| TOTAL CURRENT ASSETS | $826M |
| PP&E (Net) | $372M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $470M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $16M |
| Short-Term Debt | $97M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $148M |
| Long-Term Debt | $572M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $65.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $588M |
| TOTAL LIABILITIES | $736M |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $108M |
| Retained Earnings | -$612M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $560M |
| Minority Interest | $0 |
| TOTAL EQUITY | $560M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $684M |
| Net Debt | $110M |
