| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $4.4B | — | -9.7% | — |
| Op. Income | -$186M | $79M | — | -335.9% | — |
| Gross Margin | 16.3% | 20.1% | — | -3.7pp | — |
| Net Margin | -2.3% | 3.6% | — | -5.9pp | — |
| EPS (Diluted) | $-0.09 | $0.15 | — | -160.8% | — |
| Free Cash Flow | -$1.1B | -$683M | — | -58.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $654M |
| R&D Expenses | $435M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $405M |
| Other Expenses | $0 |
| Operating Expenses | $840M |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | -$186M |
| Interest Income | $70M |
| Interest Expense | $5M |
| Other Income/Expenses | $78M |
| INCOME BEFORE TAX | -$108M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | -$91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$91M |
| D&A | $0 |
| EBIT | -$103M |
| EBITDA | -$103M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$91M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.0B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$1.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.2B |
| NET CASH FROM INVESTING | $1.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $87M |
| NET CASH FROM FINANCING | $87M |
| FREE CASH FLOW | -$1.1B |
| Net Change in Cash | $223M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.5B |
| Short-Term Investments | $7.0B |
| Net Receivables | $15M |
| Inventory | $1.2B |
| Other Current Assets | $839M |
| TOTAL CURRENT ASSETS | $16.5B |
| PP&E (Net) | $4.9B |
| Goodwill | $801.3K |
| Intangible Assets | $137M |
| Long-Term Investments | $122M |
| Tax Assets | $471M |
| Other Non-Current Assets | $280M |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $22.4B |
| Account Payables | $5.5B |
| Short-Term Debt | $923M |
| Deferred Revenue | $231M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9.1B |
| Long-Term Debt | $459M |
| Deferred Revenue NC | $91M |
| Deferred Tax Liabilities | $99M |
| Other Non-Current Liabilities | $896M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $11.7B |
| Common Stock | $10.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.6B |
| Minority Interest | $74M |
| TOTAL EQUITY | $10.7B |
| TOTAL LIABILITIES & EQUITY | $22.4B |
| Total Debt | $2.6B |
| Net Debt | -$4.9B |
