| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $627M | — | $1.4B | — | -56.7% |
| Op. Income | -$528M | — | $171M | — | -408.0% |
| Gross Margin | 5.8% | — | 49.5% | — | -43.7pp |
| Net Margin | -63.4% | — | 10.6% | — | -74.0pp |
| EPS (Diluted) | $-2.95 | — | $1.21 | — | -343.8% |
| Free Cash Flow | $423M | — | $380M | — | 11.2% |
| Item | Amount |
|---|---|
| REVENUE | $627M |
| Cost of Revenue | $590M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $368M |
| SG&A Expenses | $368M |
| Other Expenses | $196M |
| Operating Expenses | $564M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$528M |
| Interest Income | $1.2B |
| Interest Expense | $525M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$528M |
| Income Tax Expense | -$130M |
| Net Income from Continuing Ops | -$398M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$398M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$398M |
| D&A | $53M |
| EBIT | -$528M |
| EBITDA | -$475M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$398M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$154M |
| Other Non-Cash Items | $843M |
| Change in Working Capital | $106M |
| OPERATING CASH FLOW | $461M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $30M |
| Purchases of Investments | -$609M |
| Sales/Maturities of Investments | $2.8B |
| Other Investing Activities | -$560M |
| NET CASH FROM INVESTING | $1.6B |
| Net Debt Issuance | -$505M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$115M |
| Other Financing Activities | -$1.7B |
| NET CASH FROM FINANCING | -$2.0B |
| FREE CASH FLOW | $423M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $380M |
| Short-Term Investments | $3.3B |
| Net Receivables | $104M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $561M |
| Goodwill | $1.3B |
| Intangible Assets | $84M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $24.5B |
| Account Payables | $0 |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.3B |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $620M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $287M |
| TOTAL NON-CURRENT LIABILITIES | $907M |
| TOTAL LIABILITIES | $21.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $864M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$293M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $24.5B |
| Total Debt | $641M |
| Net Debt | $261M |
