| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | — | — | — | — |
| Op. Income | -$121M | — | — | — | — |
| Gross Margin | -103.2% | — | — | — | — |
| Net Margin | -315.1% | — | — | — | — |
| EPS (Diluted) | $-6.67 | — | — | — | — |
| Free Cash Flow | -$65M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $103M |
| GROSS PROFIT | -$52M |
| R&D Expenses | $0 |
| Selling & Marketing | $33M |
| General & Administrative | $19M |
| SG&A Expenses | $52M |
| Other Expenses | $16M |
| Operating Expenses | $69M |
| Cost & Expenses | $171M |
| OPERATING INCOME | -$121M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | -$161M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$160M |
| D&A | $8M |
| EBIT | -$138M |
| EBITDA | -$130M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$160M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | -$62M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$39M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $123M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $43M |
| NET CASH FROM FINANCING | $614M |
| FREE CASH FLOW | -$65M |
| Net Change in Cash | $510M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $487M |
| Short-Term Investments | $676M |
| Net Receivables | $264M |
| Inventory | $0 |
| Other Current Assets | $705M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $145M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $196M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $5M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $9M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $118.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.9B |
| Treasury Stock | -$568.0K |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $654M |
| Minority Interest | $0 |
| TOTAL EQUITY | $654M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.0B |
| Net Debt | $557M |
