| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $411M | — | $283M | — | 45.5% |
| Op. Income | $22M | — | -$7M | — | 424.8% |
| Gross Margin | 10.6% | — | 28.3% | — | -17.7pp |
| Net Margin | -5.3% | — | 8.3% | — | -13.6pp |
| EPS (Diluted) | $-0.43 | — | $0.65 | — | -166.2% |
| Free Cash Flow | -$145M | — | -$156M | — | 6.7% |
| Item | Amount |
|---|---|
| REVENUE | $411M |
| Cost of Revenue | $368M |
| GROSS PROFIT | $44M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $389M |
| OPERATING INCOME | $22M |
| Interest Income | $618.0K |
| Interest Expense | $17M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $97M |
| EBIT | -$5M |
| EBITDA | $92M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $97M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $118M |
| Capital Expenditure | -$264M |
| Acquisitions (Net) | $18.0K |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$335M |
| Net Debt Issuance | $132M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$101M |
| Other Financing Activities | -$455.0K |
| NET CASH FROM FINANCING | $219M |
| FREE CASH FLOW | -$145M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $95M |
| PP&E (Net) | $2.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.2B |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $126M |
| TOTAL CURRENT LIABILITIES | $154M |
| Long-Term Debt | $291M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $291M |
| TOTAL LIABILITIES | $445M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $910M |
| TOTAL STOCKHOLDERS' EQUITY | $910M |
| Minority Interest | $0 |
| TOTAL EQUITY | $910M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $291M |
| Net Debt | $282M |
