| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $537M | — | $666M | — | -19.5% |
| Op. Income | -$56M | — | $17M | — | -436.4% |
| Gross Margin | 2.5% | — | 20.0% | — | -17.5pp |
| Net Margin | -9.6% | — | 1.7% | — | -11.3pp |
| EPS (Diluted) | $-0.84 | — | $0.21 | — | -500.0% |
| Free Cash Flow | -$61M | — | $42M | — | -243.7% |
| Item | Amount |
|---|---|
| REVENUE | $537M |
| Cost of Revenue | $523M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $593M |
| OPERATING INCOME | -$56M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$62M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $68M |
| EBIT | -$54M |
| EBITDA | $14M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $68M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$21M |
| NET CASH FROM INVESTING | -$84M |
| Net Debt Issuance | $358M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $134M |
| NET CASH FROM FINANCING | $489M |
| FREE CASH FLOW | -$61M |
| Net Change in Cash | $407M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $440M |
| Short-Term Investments | $0 |
| Net Receivables | $54M |
| Inventory | $87M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $598M |
| PP&E (Net) | $528M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $543M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $42M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $44M |
| Other Non-Current Liabilities | $460M |
| TOTAL NON-CURRENT LIABILITIES | $548M |
| TOTAL LIABILITIES | $657M |
| Common Stock | $551.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$311.0K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $483M |
| TOTAL STOCKHOLDERS' EQUITY | $484M |
| Minority Interest | $0 |
| TOTAL EQUITY | $484M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $51M |
| Net Debt | -$390M |
