| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $885M | — | $932M | — | -5.0% |
| Op. Income | -$158M | — | -$167M | — | 5.1% |
| Gross Margin | 8.3% | — | 14.4% | — | -6.1pp |
| Net Margin | -13.1% | — | -24.6% | — | 11.5pp |
| EPS (Diluted) | $-0.33 | — | $-0.65 | — | 50.0% |
| Free Cash Flow | -$92M | — | -$133M | — | 30.9% |
| Item | Amount |
|---|---|
| REVENUE | $885M |
| Cost of Revenue | $812M |
| GROSS PROFIT | $73M |
| R&D Expenses | $87M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $145M |
| Other Expenses | $0 |
| Operating Expenses | $231M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$158M |
| Interest Income | $5M |
| Interest Expense | $16M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$144M |
| Income Tax Expense | -$28M |
| Net Income from Continuing Ops | -$116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$116M |
| D&A | $112M |
| EBIT | -$158M |
| EBITDA | -$46M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$116M |
| Depreciation & Amortization | $112M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$81M |
| Acquisitions (Net) | $250M |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $187M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | -$92M |
| Net Change in Cash | $173M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $489M |
| Short-Term Investments | $68M |
| Net Receivables | $250M |
| Inventory | $34M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $892M |
| PP&E (Net) | $648M |
| Goodwill | $318M |
| Intangible Assets | $37M |
| Long-Term Investments | $62M |
| Tax Assets | $79M |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $76M |
| Short-Term Debt | $121M |
| Deferred Revenue | $126M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $430M |
| Long-Term Debt | $228M |
| Deferred Revenue NC | $180M |
| Deferred Tax Liabilities | $93M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $698M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $208M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$907M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $951M |
| Minority Interest | $0 |
| TOTAL EQUITY | $951M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $523M |
| Net Debt | $34M |
