| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $58M | $551M | — | -89.4% | — |
| Op. Income | $239M | $239M | — | 0.1% | — |
| Gross Margin | -637.3% | 55.7% | — | -693.0pp | — |
| Net Margin | 212.5% | 28.2% | — | 184.3pp | — |
| EPS (Diluted) | $2.44 | $3.07 | — | -20.4% | — |
| Free Cash Flow | -$38M | $3M | — | -1571.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $429M |
| GROSS PROFIT | -$371M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.0B |
| SG&A Expenses | $1.0B |
| Other Expenses | -$1.7B |
| Operating Expenses | -$610M |
| Cost & Expenses | -$181M |
| OPERATING INCOME | $239M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $173M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $55M |
| EBIT | $173M |
| EBITDA | $228M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $124M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $269M |
| Change in Working Capital | -$152M |
| OPERATING CASH FLOW | $295M |
| Capital Expenditure | -$333M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $46M |
| NET CASH FROM INVESTING | -$288M |
| Net Debt Issuance | -$66M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $32M |
| Other Financing Activities | -$119M |
| NET CASH FROM FINANCING | -$152M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $601M |
| Short-Term Investments | $0 |
| Net Receivables | $201M |
| Inventory | $0 |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $875M |
| PP&E (Net) | $260M |
| Goodwill | $0 |
| Intangible Assets | $3.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $726M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $957M |
| TOTAL CURRENT LIABILITIES | $957M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $69M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $135M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $136M |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $2.7B |
| Net Debt | $2.1B |
