| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $245M | $75M | — | 224.6% | — |
| Op. Income | -$23M | -$115M | — | 79.8% | — |
| Gross Margin | 3.9% | -108.3% | — | 112.2pp | — |
| Net Margin | -6.1% | -101.7% | — | 95.6pp | — |
| EPS (Diluted) | $-0.22 | $-1.15 | — | 80.9% | — |
| Free Cash Flow | $23M | -$97M | — | 123.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $245M |
| Cost of Revenue | $235M |
| GROSS PROFIT | $10M |
| R&D Expenses | $559.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $268M |
| OPERATING INCOME | -$23M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $61M |
| EBIT | -$12M |
| EBITDA | $49M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $47M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$797M |
| Sales/Maturities of Investments | $723M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15 |
| NET CASH FROM FINANCING | $15 |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $552M |
| Short-Term Investments | $431M |
| Net Receivables | $157M |
| Inventory | $121M |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $3.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $319M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $83M |
| Short-Term Debt | $0 |
| Deferred Revenue | $24M |
| Other Current Liabilities | $355M |
| TOTAL CURRENT LIABILITIES | $462M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $497M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $4.4B |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $1.5B |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $0 |
| Net Debt | -$552M |
