| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64.3B | $41.6B | — | 54.5% | — |
| Op. Income | -$33M | $19M | — | -269.2% | — |
| Gross Margin | 0.0% | 0.2% | — | -0.1pp | — |
| Net Margin | -0.8% | 0.0% | — | -0.9pp | — |
| EPS (Diluted) | $-3.62 | $0.13 | — | -2884.6% | — |
| Free Cash Flow | $0 | -$49M | — | 100.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $64.3B |
| Cost of Revenue | $64.3B |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $46M |
| SG&A Expenses | $46M |
| Other Expenses | $6M |
| Operating Expenses | $52M |
| Cost & Expenses | $64.4B |
| OPERATING INCOME | -$33M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$532M |
| INCOME BEFORE TAX | -$565M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$564M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$547M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$547M |
| D&A | $2M |
| EBIT | -$33M |
| EBITDA | $37M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$547M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $547M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $404M |
| Net Receivables | $446M |
| Inventory | $206M |
| Other Current Assets | $2.6B |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $28M |
| Goodwill | $63M |
| Intangible Assets | $31M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $152M |
| TOTAL ASSETS | $4.0B |
| Account Payables | $0 |
| Short-Term Debt | $50M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $74M |
| TOTAL CURRENT LIABILITIES | $130M |
| Long-Term Debt | $528M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18.0K |
| Other Non-Current Liabilities | -$17M |
| TOTAL NON-CURRENT LIABILITIES | $528M |
| TOTAL LIABILITIES | $658M |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $774M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $70M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $601M |
| Net Debt | $497M |
