| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $647M | — | $377M | — | 71.9% |
| Op. Income | -$343M | — | $154M | — | -323.5% |
| Gross Margin | 37.9% | — | 30.2% | — | 7.7pp |
| Net Margin | -102.4% | — | 29.0% | — | -131.5pp |
| EPS (Diluted) | $-1.95 | — | $0.34 | — | -673.5% |
| Free Cash Flow | -$774M | — | -$1.5B | — | 49.1% |
| Item | Amount |
|---|---|
| REVENUE | $647M |
| Cost of Revenue | $402M |
| GROSS PROFIT | $246M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $299M |
| Other Expenses | $290M |
| Operating Expenses | $589M |
| Cost & Expenses | $991M |
| OPERATING INCOME | -$343M |
| Interest Income | $14M |
| Interest Expense | $24M |
| Other Income/Expenses | -$320M |
| INCOME BEFORE TAX | -$663M |
| Income Tax Expense | -$150.0K |
| Net Income from Continuing Ops | -$663M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$663M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$663M |
| D&A | $347M |
| EBIT | -$639M |
| EBITDA | -$292M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$663M |
| Depreciation & Amortization | $347M |
| Stock-Based Compensation | $126M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$376M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$573M |
| Capital Expenditure | -$201M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $106M |
| Other Investing Activities | $171M |
| NET CASH FROM INVESTING | $76M |
| Net Debt Issuance | $252M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $455M |
| FREE CASH FLOW | -$774M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $234M |
| Short-Term Investments | $0 |
| Net Receivables | $30M |
| Inventory | $0 |
| Other Current Assets | $185M |
| TOTAL CURRENT ASSETS | $449M |
| PP&E (Net) | $1.6B |
| Goodwill | $122M |
| Intangible Assets | $30M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $23M |
| Short-Term Debt | $260M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $186M |
| TOTAL CURRENT LIABILITIES | $470M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $589M |
| TOTAL NON-CURRENT LIABILITIES | $609M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $4.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $280M |
| Net Debt | $46M |
