| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $323M | — | $333M | — | -3.2% |
| Op. Income | -$51M | — | $28M | — | -284.7% |
| Gross Margin | 13.7% | — | 33.5% | — | -19.8pp |
| Net Margin | -10.9% | — | 7.6% | — | -18.5pp |
| EPS (Diluted) | $-4.03 | — | $2.88 | — | -239.9% |
| Free Cash Flow | $38M | — | $10M | — | 268.3% |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $279M |
| GROSS PROFIT | $44M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $30M |
| Operating Expenses | $95M |
| Cost & Expenses | $374M |
| OPERATING INCOME | -$51M |
| Interest Income | $320M |
| Interest Expense | $206M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $0 |
| EBIT | -$51M |
| EBITDA | -$51M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $42M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$46M |
| Common Stock Repurchased | -$521.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $45M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $779M |
| Net Receivables | $28M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $813M |
| PP&E (Net) | $68M |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $4.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.0B |
| TOTAL NON-CURRENT ASSETS | $73M |
| TOTAL ASSETS | $5.6B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $355M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.9B |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $187M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $193M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $360M |
| Minority Interest | $0 |
| TOTAL EQUITY | $360M |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $355M |
| Net Debt | $349M |
