| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$99M | -$83M | -$74M | -19.4% | -34.9% |
| EPS (Diluted) | $-0.69 | $-0.71 | $-0.61 | 2.8% | -13.1% |
| Free Cash Flow | -$80M | -$64M | -$61M | -24.2% | -31.8% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $1M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $74M |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $98M |
| Cost & Expenses | $99M |
| OPERATING INCOME | -$99M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$102M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$115M |
| D&A | -$3M |
| EBIT | -$106M |
| EBITDA | -$109M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$102M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $132.0K |
| OPERATING CASH FLOW | -$79M |
| Capital Expenditure | -$811.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$395M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$323M |
| Net Debt Issuance | $168M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$49M |
| NET CASH FROM FINANCING | $589M |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | $187M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $312M |
| Short-Term Investments | $589M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $910M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $938M |
| Account Payables | $10M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $64M |
| Long-Term Debt | $237M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$14M |
| TOTAL NON-CURRENT LIABILITIES | $237M |
| TOTAL LIABILITIES | $301M |
| Common Stock | $161.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $355.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $636M |
| Minority Interest | $0 |
| TOTAL EQUITY | $636M |
| TOTAL LIABILITIES & EQUITY | $938M |
| Total Debt | $253M |
| Net Debt | -$59M |
