| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$68M | -$54M | -$75M | -27.3% | 8.2% |
| EPS (Diluted) | $-0.47 | $-0.41 | $-0.84 | -14.6% | 44.0% |
| Free Cash Flow | -$56M | -$59M | -$43M | 4.7% | -30.4% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $68M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$68M |
| Interest Income | $4M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$67M |
| Income Tax Expense | -$522.0K |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$66M |
| D&A | -$680.0K |
| EBIT | -$87M |
| EBITDA | -$88M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$66M |
| Depreciation & Amortization | $241.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $233.0K |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | -$11.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$583M |
| Sales/Maturities of Investments | $440M |
| Other Investing Activities | -$75M |
| NET CASH FROM INVESTING | -$218M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $274M |
| NET CASH FROM FINANCING | $283M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $233M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $368M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $283M |
| Tax Assets | $25M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $320M |
| TOTAL ASSETS | $687M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $110M |
| TOTAL NON-CURRENT LIABILITIES | $118M |
| TOTAL LIABILITIES | $161M |
| Common Stock | $405.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $1.7B |
| TOTAL STOCKHOLDERS' EQUITY | $527M |
| Minority Interest | $0 |
| TOTAL EQUITY | $527M |
| TOTAL LIABILITIES & EQUITY | $687M |
| Total Debt | $8M |
| Net Debt | -$54M |
