| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.1B | — | $9.3B | — | -2.3% |
| Op. Income | -$368M | — | -$684M | — | 46.2% |
| Gross Margin | 33.9% | — | 24.7% | — | 9.1pp |
| Net Margin | -6.6% | — | -8.6% | — | 1.9pp |
| EPS (Diluted) | $-1.66 | — | $-2.29 | — | 27.5% |
| Free Cash Flow | -$915M | — | -$1.4B | — | 32.4% |
| Item | Amount |
|---|---|
| REVENUE | $9.1B |
| Cost of Revenue | $6.0B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $304M |
| General & Administrative | $0 |
| SG&A Expenses | $304M |
| Other Expenses | $3.1B |
| Operating Expenses | $3.4B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | -$368M |
| Interest Income | $127M |
| Interest Expense | $580M |
| Other Income/Expenses | -$406M |
| INCOME BEFORE TAX | -$774M |
| Income Tax Expense | -$172M |
| Net Income from Continuing Ops | -$602M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$602M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$602M |
| D&A | $688M |
| EBIT | -$194M |
| EBITDA | $494M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$602M |
| Depreciation & Amortization | $688M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | -$183M |
| Other Non-Cash Items | -$101M |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | -$94M |
| Capital Expenditure | -$821M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$622M |
| Sales/Maturities of Investments | $2.0B |
| Other Investing Activities | $60M |
| NET CASH FROM INVESTING | $658M |
| Net Debt Issuance | -$461M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$417M |
| FREE CASH FLOW | -$915M |
| Net Change in Cash | $147M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $213M |
| Net Receivables | $372M |
| Inventory | $193M |
| Other Current Assets | $138M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $12.1B |
| Goodwill | $0 |
| Intangible Assets | $415M |
| Long-Term Investments | $676M |
| Tax Assets | $2.1B |
| Other Non-Current Assets | $182M |
| TOTAL NON-CURRENT ASSETS | $15.4B |
| TOTAL ASSETS | $18.6B |
| Account Payables | $655M |
| Short-Term Debt | $848M |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $550M |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $8.2B |
| Deferred Revenue NC | $704M |
| Deferred Tax Liabilities | $2.5B |
| Other Non-Current Liabilities | -$510M |
| TOTAL NON-CURRENT LIABILITIES | $12.1B |
| TOTAL LIABILITIES | $16.5B |
| Common Stock | $5M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $717M |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $18.6B |
| Total Debt | $10.3B |
| Net Debt | $8.2B |
