| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | — | $3.8B | — | -1.4% |
| Op. Income | -$149M | — | $58M | — | -356.9% |
| Gross Margin | 35.5% | — | 51.3% | — | -15.8pp |
| Net Margin | -3.7% | — | 2.3% | — | -5.9pp |
| EPS (Diluted) | $-0.60 | — | $0.38 | — | -257.9% |
| Free Cash Flow | -$624M | — | -$158M | — | -294.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $159M |
| General & Administrative | $0 |
| SG&A Expenses | $159M |
| Other Expenses | $1.3B |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | -$149M |
| Interest Income | $26M |
| Interest Expense | $11M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | -$134M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$137M |
| D&A | $91M |
| EBIT | -$149M |
| EBITDA | -$58M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$137M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$186M |
| Change in Working Capital | -$202M |
| OPERATING CASH FLOW | -$525M |
| Capital Expenditure | -$99M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$99M |
| Net Debt Issuance | $112M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $437M |
| NET CASH FROM FINANCING | $555M |
| FREE CASH FLOW | -$624M |
| Net Change in Cash | -$69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $671M |
| Short-Term Investments | $0 |
| Net Receivables | $89M |
| Inventory | $0 |
| Other Current Assets | $198M |
| TOTAL CURRENT ASSETS | $958M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $6.3B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $130M |
| Short-Term Debt | $301M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $893M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $313M |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $199M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $437M |
| Retained Earnings | $59M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $491M |
| Minority Interest | $0 |
| TOTAL EQUITY | $491M |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $5.5B |
| Net Debt | $4.8B |
