| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.6B | $3.6B | -9.3% | -34.1% |
| Op. Income | -$205M | -$196M | $11M | -4.7% | -1959.7% |
| Gross Margin | 7.3% | 2.9% | 15.7% | 4.4pp | -8.4pp |
| Net Margin | -4.6% | -4.9% | 0.1% | 0.2pp | -4.7pp |
| EPS (Diluted) | $-8.37 | $-9.71 | $0.26 | 13.8% | -3354.5% |
| Free Cash Flow | $0 | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $173M |
| R&D Expenses | $37M |
| Selling & Marketing | $146M |
| General & Administrative | $113M |
| SG&A Expenses | $259M |
| Other Expenses | $81M |
| Operating Expenses | $378M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | -$205M |
| Interest Income | $18M |
| Interest Expense | $48M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | -$191M |
| Income Tax Expense | -$28M |
| Net Income from Continuing Ops | -$163M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$110M |
| D&A | $0 |
| EBIT | -$143M |
| EBITDA | -$143M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$110M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $110M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $0 |
| Net Receivables | $2.7B |
| Inventory | $2.2B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $10.2B |
| PP&E (Net) | $5.8B |
| Goodwill | $0 |
| Intangible Assets | $333M |
| Long-Term Investments | $285M |
| Tax Assets | $403M |
| Other Non-Current Assets | $568M |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $17.7B |
| Account Payables | $2.1B |
| Short-Term Debt | $2.7B |
| Deferred Revenue | $684M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.9B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $873M |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $13.3B |
| 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 | $1.9B |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $17.7B |
| Total Debt | $7.2B |
| Net Debt | $3.8B |
