| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$226M | -$181M | -$153M | -25.1% | -47.9% |
| EPS (Diluted) | $-1.22 | $-1.04 | $-1.10 | -17.3% | -10.9% |
| Free Cash Flow | -$102M | -$193M | -$167M | 47.3% | 39.0% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $5M |
| GROSS PROFIT | -$5M |
| R&D Expenses | $194M |
| Selling & Marketing | $0 |
| General & Administrative | $32M |
| SG&A Expenses | $32M |
| Other Expenses | -$5M |
| Operating Expenses | $221M |
| Cost & Expenses | $226M |
| OPERATING INCOME | -$226M |
| Interest Income | $31M |
| Interest Expense | $0 |
| Other Income/Expenses | $60M |
| INCOME BEFORE TAX | -$167M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$167M |
| D&A | $5M |
| EBIT | -$167M |
| EBITDA | -$162M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$167M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$30M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | -$121M |
| Capital Expenditure | $20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$349M |
| Sales/Maturities of Investments | $437M |
| Other Investing Activities | -$29M |
| NET CASH FROM INVESTING | $78M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$717.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$102M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $307M |
| Short-Term Investments | $1.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $328M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $97M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $154M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $234M |
| Common Stock | $133.0K |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $86M |
| Net Debt | -$221M |
