| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$90M | -$80M | -$57M | -13.2% | -57.6% |
| EPS (Diluted) | $-0.95 | $-0.96 | $-0.78 | 1.0% | -21.8% |
| Free Cash Flow | -$80M | -$55M | -$51M | -45.4% | -56.9% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $33M |
| Operating Expenses | $90M |
| Cost & Expenses | $90M |
| OPERATING INCOME | -$90M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$87M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$87M |
| D&A | $573.0K |
| EBIT | -$90M |
| EBITDA | -$89M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$87M |
| Depreciation & Amortization | $873.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $459.0K |
| Change in Working Capital | -$417.0K |
| OPERATING CASH FLOW | -$77M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $105M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $65M |
| Net Debt Issuance | -$166.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$158.0K |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $306M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $413M |
| PP&E (Net) | $53M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $470M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $60M |
| Long-Term Debt | $47M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $941.0K |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $133M |
| Common Stock | $78.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $337M |
| Minority Interest | $0 |
| TOTAL EQUITY | $337M |
| TOTAL LIABILITIES & EQUITY | $470M |
| Total Debt | $76M |
| Net Debt | -$21M |
