| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$29M | -$26M | -$36M | -10.2% | 18.4% |
| EPS (Diluted) | $1.42 | $-0.47 | $-0.54 | 402.1% | 363.0% |
| Free Cash Flow | -$40M | -$18M | -$29M | -115.5% | -37.4% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$29M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $111M |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $7M |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $235.0K |
| EBIT | -$29M |
| EBITDA | -$29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | -$2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$125M |
| Change in Working Capital | -$567.0K |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$167M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $112M |
| Net Debt Issuance | -$89M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$64M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $162M |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $97M |
| TOTAL NON-CURRENT ASSETS | $110M |
| TOTAL ASSETS | $326M |
| Account Payables | $5M |
| Short-Term Debt | $17M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $78M |
| Long-Term Debt | $209M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $153M |
| TOTAL NON-CURRENT LIABILITIES | $369M |
| TOTAL LIABILITIES | $447M |
| Common Stock | $716.0K |
| Additional Paid-In Capital | $792M |
| Retained Earnings | -$914M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$121M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$121M |
| TOTAL LIABILITIES & EQUITY | $326M |
| Total Debt | $239M |
| Net Debt | $229M |
