| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | — | $2.7B | — | 16.7% |
| Op. Income | -$515M | — | -$765M | — | 32.8% |
| Gross Margin | 13.9% | — | 10.7% | — | 3.1pp |
| Net Margin | -16.8% | — | -27.5% | — | 10.7pp |
| EPS (Diluted) | $-0.22 | — | $-0.37 | — | 39.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $442M |
| R&D Expenses | $349M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $611M |
| Other Expenses | -$4M |
| Operating Expenses | $956M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | -$515M |
| Interest Income | $52M |
| Interest Expense | $33M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$500M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$509M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$535M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$535M |
| D&A | $0 |
| EBIT | -$468M |
| EBITDA | -$468M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $2.2B |
| Net Receivables | $2.1B |
| Inventory | $1.1B |
| Other Current Assets | $2.5B |
| TOTAL CURRENT ASSETS | $9.2B |
| PP&E (Net) | $5.7B |
| Goodwill | $0 |
| Intangible Assets | $33M |
| Long-Term Investments | $314M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $16.4B |
| Account Payables | $5.8B |
| Short-Term Debt | $864M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9.8B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $14.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $536M |
| TOTAL STOCKHOLDERS' EQUITY | $536M |
| Minority Interest | $1.2B |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $16.4B |
| Total Debt | $4.0B |
| Net Debt | $2.7B |
