| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $7M | — | -100.0% |
| Op. Income | -$97M | -$78M | -$64M | -23.8% | -51.7% |
| EPS (Diluted) | $-3.50 | $-3.36 | $-2.94 | -4.2% | -19.0% |
| Free Cash Flow | -$77M | -$65M | -$56M | -19.3% | -37.7% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $28.0K |
| GROSS PROFIT | -$28.0K |
| R&D Expenses | $78M |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | -$28.0K |
| Operating Expenses | $97M |
| Cost & Expenses | $97M |
| OPERATING INCOME | -$97M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$89M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$89M |
| D&A | $28.0K |
| EBIT | -$89M |
| EBITDA | -$89M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$89M |
| Depreciation & Amortization | $28.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$77M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$390M |
| Sales/Maturities of Investments | $62M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$328M |
| Net Debt Issuance | $933.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$819.0K |
| NET CASH FROM FINANCING | $613M |
| FREE CASH FLOW | -$77M |
| Net Change in Cash | $208M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $357M |
| Short-Term Investments | $242M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $611M |
| PP&E (Net) | $239.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $327M |
| TOTAL NON-CURRENT ASSETS | $327M |
| TOTAL ASSETS | $938M |
| Account Payables | $25M |
| Short-Term Debt | $110.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $60M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $60M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2.0B |
| TOTAL STOCKHOLDERS' EQUITY | $878M |
| Minority Interest | $0 |
| TOTAL EQUITY | $878M |
| TOTAL LIABILITIES & EQUITY | $938M |
| Total Debt | $110.0K |
| Net Debt | -$357M |
