| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $679M | — | $677M | — | 0.4% |
| Op. Income | -$110M | — | -$96M | — | -14.9% |
| Gross Margin | 4.7% | — | 19.6% | — | -14.9pp |
| Net Margin | -19.7% | — | -13.4% | — | -6.4pp |
| EPS (Diluted) | $-1.14 | — | $-0.79 | — | -44.3% |
| Free Cash Flow | -$119M | — | -$49M | — | -144.2% |
| Item | Amount |
|---|---|
| REVENUE | $679M |
| Cost of Revenue | $647M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $143M |
| SG&A Expenses | $143M |
| Other Expenses | -$1M |
| Operating Expenses | $142M |
| Cost & Expenses | $789M |
| OPERATING INCOME | -$110M |
| Interest Income | $7M |
| Interest Expense | $19.0K |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | -$134M |
| Income Tax Expense | $46.0K |
| Net Income from Continuing Ops | -$134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$134M |
| D&A | $73M |
| EBIT | -$110M |
| EBITDA | -$37M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$134M |
| Depreciation & Amortization | $72M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$89.0K |
| Other Non-Cash Items | $49M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$106M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$259.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$119M |
| Net Change in Cash | -$124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $2M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $130M |
| PP&E (Net) | $611M |
| Goodwill | $28M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $658M |
| TOTAL ASSETS | $788M |
| Account Payables | $20M |
| Short-Term Debt | $42M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $119M |
| Long-Term Debt | $313M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $274.0K |
| Other Non-Current Liabilities | $149.0K |
| TOTAL NON-CURRENT LIABILITIES | $313M |
| TOTAL LIABILITIES | $432M |
| Common Stock | $118.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1.4B |
| TOTAL STOCKHOLDERS' EQUITY | $356M |
| Minority Interest | $0 |
| TOTAL EQUITY | $356M |
| TOTAL LIABILITIES & EQUITY | $788M |
| Total Debt | $354M |
| Net Debt | $265M |
