| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $319M | — | $511M | — | -37.5% |
| Op. Income | -$145M | — | -$19M | — | -653.8% |
| Gross Margin | 11.9% | — | 23.7% | — | -11.8pp |
| Net Margin | -90.5% | — | -257.5% | — | 167.0pp |
| EPS (Diluted) | $-0.88 | — | $-5.14 | — | 82.9% |
| Free Cash Flow | -$451M | — | -$52M | — | -765.7% |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $183M |
| Other Expenses | $0 |
| Operating Expenses | $183M |
| Cost & Expenses | $464M |
| OPERATING INCOME | -$145M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$143M |
| INCOME BEFORE TAX | -$288M |
| Income Tax Expense | $583.0K |
| NET INCOME | -$289M |
| D&A | $69M |
| EBIT | -$145M |
| EBITDA | -$76M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$289M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $98M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$125M |
| Change in Working Capital | $525M |
| OPERATING CASH FLOW | $278M |
| Capital Expenditure | -$729M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$741M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$60M |
| NET CASH FROM FINANCING | -$63M |
| FREE CASH FLOW | -$451M |
| Net Change in Cash | -$526M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $311M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $584M |
| TOTAL CURRENT ASSETS | $896M |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $126M |
| Short-Term Debt | $0 |
| Deferred Revenue | $128M |
| Other Current Liabilities | $528M |
| TOTAL CURRENT LIABILITIES | $781M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.2B |
| TOTAL STOCKHOLDERS' EQUITY | -$963M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$963M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | $749M |
