| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $1M | 73.1% | 91.0% |
| Op. Income | -$222M | $446M | -$884.0K | -149.8% | -25031.5% |
| Gross Margin | 55.3% | -45.7% | 10.0% | 101.1pp | 45.3pp |
| Net Margin | -226955.7% | 26517.7% | -81.2% | -253473.5pp | -226874.6pp |
| EPS (Diluted) | $-15.98 | $1.60 | $-0.02 | -1098.8% | -96165.1% |
| Free Cash Flow | -$229M | -$7M | -$113.9K | -3385.8% | -200658.3% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $223M |
| SG&A Expenses | $223M |
| Other Expenses | $0 |
| Operating Expenses | $223M |
| Cost & Expenses | $224M |
| OPERATING INCOME | -$222M |
| Interest Income | $0 |
| Interest Expense | $200.0K |
| Other Income/Expenses | -$5.1B |
| INCOME BEFORE TAX | -$5.3B |
| Income Tax Expense | -$92M |
| Net Income from Continuing Ops | -$5.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5.2B |
| D&A | $124.0K |
| EBIT | -$222M |
| EBITDA | -$222M |
| EPS | -$16 |
| EPS Diluted | -$16 |
| Item | Amount |
|---|---|
| Net Income | -$5.2B |
| Depreciation & Amortization | $124.0K |
| Stock-Based Compensation | $677.0K |
| Deferred Income Tax | -$92M |
| Other Non-Cash Items | $5.2B |
| Change in Working Capital | -$89M |
| OPERATING CASH FLOW | -$228M |
| Capital Expenditure | -$376.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7.4B |
| NET CASH FROM INVESTING | -$7.4B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8.0B |
| FREE CASH FLOW | -$229M |
| Net Change in Cash | $376M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $888M |
| Short-Term Investments | $0 |
| Net Receivables | $231.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $889M |
| PP&E (Net) | $568.0K |
| Goodwill | $0 |
| Intangible Assets | $10.6B |
| Long-Term Investments | $36M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $10.6B |
| TOTAL ASSETS | $11.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $137M |
| TOTAL CURRENT LIABILITIES | $137M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $99M |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $236M |
| Common Stock | $41.0K |
| Additional Paid-In Capital | $16.1B |
| Retained Earnings | -$4.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.3B |
| TOTAL LIABILITIES & EQUITY | $11.5B |
| Total Debt | $0 |
| Net Debt | -$888M |
