| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | — | $2.8B | — | -1.9% |
| Op. Income | -$919M | — | -$2.0B | — | 53.1% |
| Gross Margin | 46.7% | — | 46.2% | — | 0.4pp |
| Net Margin | -41.5% | — | -73.7% | — | 32.3pp |
| EPS (Diluted) | $-16.69 | — | $-30.54 | — | 45.4% |
| Free Cash Flow | -$83M | — | -$112M | — | 26.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $186M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $746M |
| Other Expenses | $1.3B |
| Operating Expenses | $2.2B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | -$919M |
| Interest Income | $0 |
| Interest Expense | $178M |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | -$1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.1B |
| D&A | $442M |
| EBIT | -$930M |
| EBITDA | -$488M |
| EPS | -$17 |
| EPS Diluted | -$17 |
| Item | Amount |
|---|---|
| Net Income | -$1.1B |
| Depreciation & Amortization | $442M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $915M |
| Change in Working Capital | -$126M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$188M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$193M |
| Net Debt Issuance | $155M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $156M |
| FREE CASH FLOW | -$83M |
| Net Change in Cash | $71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $170M |
| Short-Term Investments | $32M |
| Net Receivables | $417M |
| Inventory | $578M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $1.5B |
| Goodwill | $0 |
| Intangible Assets | $2.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $244M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $279M |
| Short-Term Debt | $178M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $377M |
| TOTAL CURRENT LIABILITIES | $966M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $90M |
| Other Non-Current Liabilities | $166M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1.9B |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $2.8B |
| Net Debt | $2.6B |
