| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$274M | -$242M | -$162M | -13.2% | -69.1% |
| EPS (Diluted) | $-1.81 | $-1.56 | $-1.12 | -16.0% | -61.6% |
| Free Cash Flow | -$219M | -$155M | -$141M | -41.1% | -55.0% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | -$5M |
| GROSS PROFIT | $5M |
| R&D Expenses | $242M |
| Selling & Marketing | $0 |
| General & Administrative | $32M |
| SG&A Expenses | $32M |
| Other Expenses | $5M |
| Operating Expenses | $279M |
| Cost & Expenses | $274M |
| OPERATING INCOME | -$274M |
| Interest Income | $26M |
| Interest Expense | $0 |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | -$247M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$247M |
| D&A | $12M |
| EBIT | -$247M |
| EBITDA | -$235M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$247M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$28M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$225M |
| Capital Expenditure | $6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$293M |
| Sales/Maturities of Investments | $416M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | $115M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$219M |
| Net Change in Cash | -$107M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $174M |
| Short-Term Investments | $1.4B |
| Net Receivables | $47M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $492M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $883M |
| Tax Assets | $43M |
| Other Non-Current Assets | $508.0K |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $71M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $106M |
| TOTAL CURRENT LIABILITIES | $206M |
| Long-Term Debt | $111M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $43M |
| Other Non-Current Liabilities | -$111M |
| TOTAL NON-CURRENT LIABILITIES | $155M |
| TOTAL LIABILITIES | $360M |
| Common Stock | $134.0K |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $229M |
| Net Debt | $55M |
