| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $665M | — | $1.0B | — | -35.3% |
| Op. Income | -$270M | — | -$564M | — | 52.1% |
| Gross Margin | -20.7% | — | -20.7% | — | -0.0pp |
| Net Margin | -25.6% | — | -33.5% | — | 7.9pp |
| EPS (Diluted) | $-2.55 | — | $-5.20 | — | 51.0% |
| Free Cash Flow | -$123M | — | -$795M | — | 84.5% |
| Item | Amount |
|---|---|
| REVENUE | $665M |
| Cost of Revenue | $803M |
| GROSS PROFIT | -$138M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $138M |
| Other Expenses | -$8M |
| Operating Expenses | $132M |
| Cost & Expenses | $936M |
| OPERATING INCOME | -$270M |
| Interest Income | $33M |
| Interest Expense | $0 |
| Other Income/Expenses | $33M |
| INCOME BEFORE TAX | -$237M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | -$216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$171M |
| D&A | $240M |
| EBIT | -$270M |
| EBITDA | -$30M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$171M |
| Depreciation & Amortization | $249M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $52M |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$179M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.6B |
| Sales/Maturities of Investments | $4.7B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$141M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$850.0K |
| NET CASH FROM FINANCING | -$850.0K |
| FREE CASH FLOW | -$123M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $980M |
| Short-Term Investments | $1.1B |
| Net Receivables | $136M |
| Inventory | $169M |
| Other Current Assets | $321M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $3.4B |
| Goodwill | $0 |
| Intangible Assets | $156M |
| Long-Term Investments | $63M |
| Tax Assets | $0 |
| Other Non-Current Assets | $135M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $130M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $368M |
| TOTAL CURRENT LIABILITIES | $498M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $529M |
| Common Stock | $4.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $1.5B |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $0 |
| Net Debt | -$980M |
