| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$27M | -$16M | -$18M | -70.9% | -50.0% |
| EPS (Diluted) | $-0.05 | $-0.17 | $-0.08 | 69.6% | 36.4% |
| Free Cash Flow | -$29M | -$56M | -$101M | 47.6% | 70.9% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $411.8K |
| GROSS PROFIT | -$411.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$27M |
| Interest Income | $5M |
| Interest Expense | $9M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | -$844.8K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $411.8K |
| EBIT | -$27M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $411.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$844.8K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$120.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$234M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$282M |
| Net Debt Issuance | -$182.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$134.2K |
| NET CASH FROM FINANCING | $674M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | $366M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $586M |
| Short-Term Investments | $234M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $838M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $118M |
| Tax Assets | $0 |
| Other Non-Current Assets | $844M |
| TOTAL NON-CURRENT ASSETS | $968M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $29M |
| Short-Term Debt | $429M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $460M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $468M |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$505M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $106M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $429M |
| Net Debt | -$157M |
