| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | — | $1.4B | — | -15.0% |
| Op. Income | -$2.0B | — | $528M | — | -482.0% |
| Gross Margin | -215.1% | — | 74.4% | — | -289.5pp |
| Net Margin | -178.1% | — | 28.7% | — | -206.8pp |
| EPS (Diluted) | $0.00 | — | $0.00 | — | NaN% |
| Free Cash Flow | $160M | — | $277M | — | -42.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | -$1.1B |
| GROSS PROFIT | -$2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $100M |
| Other Expenses | $4.2B |
| Operating Expenses | $4.3B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | -$2.0B |
| Interest Income | $0 |
| Interest Expense | $162M |
| Other Income/Expenses | $34M |
| INCOME BEFORE TAX | -$2.0B |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | -$2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2.1B |
| D&A | $158M |
| EBIT | -$1.8B |
| EBITDA | -$1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$2.1B |
| Depreciation & Amortization | $158M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $101M |
| Other Non-Cash Items | $2.3B |
| Change in Working Capital | -$55M |
| OPERATING CASH FLOW | $402M |
| Capital Expenditure | -$242M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$231M |
| NET CASH FROM INVESTING | -$473M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$503M |
| NET CASH FROM FINANCING | -$503M |
| FREE CASH FLOW | $160M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $199M |
| Inventory | $0 |
| Other Current Assets | $4.3B |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $7.4B |
| Goodwill | $3.6B |
| Intangible Assets | $111M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $120M |
| TOTAL NON-CURRENT ASSETS | $11.3B |
| TOTAL ASSETS | $15.8B |
| Account Payables | $152M |
| Short-Term Debt | $0 |
| Deferred Revenue | $143M |
| Other Current Liabilities | $358M |
| TOTAL CURRENT LIABILITIES | $653M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.3B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $10.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $866M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.9B |
| TOTAL LIABILITIES & EQUITY | $15.8B |
| Total Debt | $1.7B |
| Net Debt | $1.6B |
