| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | — | $808M | — | 67.6% |
| Op. Income | -$3.5B | — | -$3.0B | — | -15.9% |
| Gross Margin | -92.8% | — | -114.3% | — | 21.5pp |
| Net Margin | -199.3% | — | -336.0% | — | 136.7pp |
| EPS (Diluted) | $-11.81 | — | $-12.50 | — | 5.5% |
| Free Cash Flow | -$3.8B | — | -$2.9B | — | -31.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | -$1.3B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $2.2B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | -$3.5B |
| Interest Income | $156M |
| Interest Expense | $95M |
| Other Income/Expenses | $801M |
| INCOME BEFORE TAX | -$2.7B |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.7B |
| D&A | $487M |
| EBIT | -$2.6B |
| EBITDA | -$2.1B |
| EPS | -$6 |
| EPS Diluted | -$12 |
| Item | Amount |
|---|---|
| Net Income | -$2.7B |
| Depreciation & Amortization | $487M |
| Stock-Based Compensation | $271M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $66M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | -$3.0B |
| Capital Expenditure | -$868M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$310M |
| Sales/Maturities of Investments | $2.7B |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $1.5B |
| Net Debt Issuance | $603M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | $915M |
| FREE CASH FLOW | -$3.8B |
| Net Change in Cash | -$529M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $998M |
| Short-Term Investments | $0 |
| Net Receivables | $177M |
| Inventory | $1.1B |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $4.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $512M |
| Tax Assets | $0 |
| Other Non-Current Assets | $355M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $8.4B |
| Account Payables | $488M |
| Short-Term Debt | $756M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $105M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.9B |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $7.7B |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $16.3B |
| Retained Earnings | -$15.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $717M |
| Minority Interest | $0 |
| TOTAL EQUITY | $717M |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $861M |
| Net Debt | -$137M |
