| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.0B | $3.5B | 28.7% | -25.9% |
| Op. Income | -$196M | -$419M | -$166M | 53.2% | -17.8% |
| Gross Margin | 2.9% | -2.5% | 11.1% | 5.5pp | -8.2pp |
| Net Margin | -4.9% | -9.5% | -0.4% | 4.7pp | -4.5pp |
| EPS (Diluted) | $-9.71 | $-14.95 | $-1.12 | 35.0% | -765.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $76M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $236M |
| Other Expenses | $0 |
| Operating Expenses | $272M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | -$196M |
| Interest Income | $21M |
| Interest Expense | $48M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | -$244M |
| Income Tax Expense | -$42M |
| Net Income from Continuing Ops | -$203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | -$127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$127M |
| D&A | $0 |
| EBIT | -$196M |
| EBITDA | -$196M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $825M |
| Net Receivables | $2.7B |
| Inventory | $2.0B |
| Other Current Assets | $886M |
| TOTAL CURRENT ASSETS | $10.0B |
| PP&E (Net) | $6.2B |
| Goodwill | $0 |
| Intangible Assets | $71M |
| Long-Term Investments | $466M |
| Tax Assets | $410M |
| Other Non-Current Assets | $637M |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $17.8B |
| Account Payables | $1.9B |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $626M |
| Other Current Liabilities | $2.2B |
| TOTAL CURRENT LIABILITIES | $7.7B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $843M |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $13.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2.5B |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $1.8B |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $17.8B |
| Total Debt | $7.4B |
| Net Debt | $3.8B |
