| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | — | — | — | — |
| Op. Income | $81M | — | — | — | — |
| Gross Margin | 99.7% | — | — | — | — |
| Net Margin | -46.8% | — | — | — | — |
| EPS (Diluted) | $-0.43 | — | — | — | — |
| Free Cash Flow | $254M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $368.0K |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $34M |
| Operating Expenses | $34M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $81M |
| Interest Income | $83M |
| Interest Expense | $77M |
| Other Income/Expenses | -$147M |
| INCOME BEFORE TAX | -$66M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | -$55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $184.0K |
| EBIT | $11M |
| EBITDA | $12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $184.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $320M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $254M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$106M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$246M |
| NET CASH FROM INVESTING | -$352M |
| Net Debt Issuance | -$77M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$54M |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$75M |
| FREE CASH FLOW | $254M |
| Net Change in Cash | -$173M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145M |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $157M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $0 |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $454M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | -$323M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $83M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $5.1B |
| Net Debt | $4.9B |
