| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $274.0K | $120M | — | -99.8% | — |
| Op. Income | -$183M | -$410M | — | 55.5% | — |
| Gross Margin | 27348.9% | 57.3% | — | 27291.6pp | — |
| Net Margin | -28021.2% | -332.4% | — | -27688.8pp | — |
| EPS (Diluted) | $-1.07 | $-5.58 | — | 80.8% | — |
| Free Cash Flow | -$13M | $1M | — | -1023.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $274.0K |
| Cost of Revenue | -$75M |
| GROSS PROFIT | $75M |
| R&D Expenses | $3M |
| Selling & Marketing | $36M |
| General & Administrative | $21M |
| SG&A Expenses | $57M |
| Other Expenses | $198M |
| Operating Expenses | $257M |
| Cost & Expenses | $183M |
| OPERATING INCOME | -$183M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $73M |
| INCOME BEFORE TAX | -$110M |
| Income Tax Expense | -$33M |
| Net Income from Continuing Ops | -$77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $26M |
| EBIT | -$107M |
| EBITDA | -$81M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $77M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $417M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$418M |
| NET CASH FROM FINANCING | -$628.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $0 |
| Net Receivables | $82M |
| Inventory | $0 |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $162M |
| PP&E (Net) | $16M |
| Goodwill | $55M |
| Intangible Assets | $747M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $826M |
| TOTAL ASSETS | $987M |
| Account Payables | $20M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $114M |
| TOTAL CURRENT LIABILITIES | $143M |
| Long-Term Debt | $120M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $108M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $246M |
| TOTAL LIABILITIES | $389M |
| Common Stock | $72.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$629.0K |
| Accum. Other Comp. Income | $31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $598M |
| Minority Interest | $0 |
| TOTAL EQUITY | $598M |
| TOTAL LIABILITIES & EQUITY | $987M |
| Total Debt | $136M |
| Net Debt | $90M |
