| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $588M | — | $482M | — | 22.2% |
| Op. Income | -$72M | — | -$137M | — | 47.9% |
| Gross Margin | 29.0% | — | 6.7% | — | 22.2pp |
| Net Margin | -26.4% | — | -19.2% | — | -7.2pp |
| EPS (Diluted) | $-1.88 | — | $-1.41 | — | -33.3% |
| Free Cash Flow | -$35M | — | -$12M | — | -206.0% |
| Item | Amount |
|---|---|
| REVENUE | $588M |
| Cost of Revenue | $418M |
| GROSS PROFIT | $170M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $131M |
| SG&A Expenses | $131M |
| Other Expenses | $111M |
| Operating Expenses | $242M |
| Cost & Expenses | $660M |
| OPERATING INCOME | -$72M |
| Interest Income | $541M |
| Interest Expense | $354M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$72M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | -$155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$155M |
| D&A | $0 |
| EBIT | -$72M |
| EBITDA | -$72M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$155M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $150M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.2B |
| NET CASH FROM INVESTING | $1.2B |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$433.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$586M |
| NET CASH FROM FINANCING | -$581M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | $609M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $2.4B |
| Net Receivables | $46M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $35M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $10.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$10.0B |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $11.9B |
| Account Payables | $0 |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.4B |
| TOTAL NON-CURRENT LIABILITIES | $11.0B |
| TOTAL LIABILITIES | $11.0B |
| Common Stock | $83.0K |
| Additional Paid-In Capital | $855M |
| Retained Earnings | -$30M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $556.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $913M |
| Minority Interest | $0 |
| TOTAL EQUITY | $913M |
| TOTAL LIABILITIES & EQUITY | $11.9B |
| Total Debt | $1.6B |
| Net Debt | -$21M |
