| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$48M | -$46M | -$32M | -4.2% | -46.6% |
| EPS (Diluted) | $-0.50 | $-0.78 | $-0.41 | 35.9% | -22.0% |
| Free Cash Flow | -$42M | -$30M | -$25M | -41.7% | -65.2% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$48M |
| Interest Income | $3M |
| Interest Expense | $10M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$50M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$50M |
| D&A | -$6.8K |
| EBIT | -$41M |
| EBITDA | -$41M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $38M |
| Net Debt Issuance | -$259.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $515.9K |
| NET CASH FROM FINANCING | $247M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | $238M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $258M |
| Short-Term Investments | $154M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $419M |
| PP&E (Net) | $0 |
| Goodwill | $20M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $862.0K |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $440M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $108M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$583M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $914M |
| TOTAL STOCKHOLDERS' EQUITY | $332M |
| Minority Interest | $0 |
| TOTAL EQUITY | $332M |
| TOTAL LIABILITIES & EQUITY | $440M |
| Total Debt | $0 |
| Net Debt | -$258M |
