| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $224M | — | $151M | — | 48.0% |
| Op. Income | -$172M | — | -$44M | — | -293.0% |
| Gross Margin | -60.5% | — | 18.6% | — | -79.0pp |
| Net Margin | -367.2% | — | -29.5% | — | -337.7pp |
| EPS (Diluted) | $-2.15 | — | $-0.14 | — | -1435.7% |
| Free Cash Flow | -$696M | — | -$227M | — | -206.5% |
| Item | Amount |
|---|---|
| REVENUE | $224M |
| Cost of Revenue | $359M |
| GROSS PROFIT | -$135M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $36M |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $396M |
| OPERATING INCOME | -$172M |
| Interest Income | $19M |
| Interest Expense | $37M |
| Other Income/Expenses | -$654M |
| INCOME BEFORE TAX | -$823M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$822M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$822M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$822M |
| D&A | $201M |
| EBIT | -$172M |
| EBITDA | $29M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$822M |
| Depreciation & Amortization | $201M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $433M |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | -$208M |
| Capital Expenditure | -$488M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $151M |
| NET CASH FROM INVESTING | -$337M |
| Net Debt Issuance | $3.1B |
| Common Stock Repurchased | -$90M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3.2B |
| FREE CASH FLOW | -$696M |
| Net Change in Cash | $2.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $628M |
| Short-Term Investments | $0 |
| Net Receivables | $687.0K |
| Inventory | $0 |
| Other Current Assets | $2.0B |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $634M |
| Goodwill | $0 |
| Intangible Assets | $77M |
| Long-Term Investments | $327M |
| Tax Assets | $0 |
| Other Non-Current Assets | $601M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $40M |
| Short-Term Debt | $44M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $615M |
| TOTAL CURRENT LIABILITIES | $699M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $412.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$7.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $806M |
| Minority Interest | $30M |
| TOTAL EQUITY | $836M |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $55M |
| Net Debt | -$573M |
