| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $312M | $0 | — | — | — |
| Op. Income | $180M | -$9M | — | 2150.1% | — |
| Gross Margin | 81.5% | — | — | — | — |
| Net Margin | -50.1% | — | — | — | — |
| EPS (Diluted) | $-1.64 | $-1.54 | — | -6.5% | — |
| Free Cash Flow | $167M | -$12M | — | 1466.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $255M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $48M |
| Operating Expenses | $74M |
| Cost & Expenses | $132M |
| OPERATING INCOME | $180M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$168M |
| D&A | $276.0K |
| EBIT | -$16M |
| EBITDA | -$16M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$157M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $142M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $213M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | $146M |
| FREE CASH FLOW | $167M |
| Net Change in Cash | $136M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $258M |
| Short-Term Investments | $0 |
| Net Receivables | $109M |
| Inventory | $0 |
| Other Current Assets | -$108M |
| TOTAL CURRENT ASSETS | $259M |
| PP&E (Net) | $41M |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $592M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.7B |
| TOTAL NON-CURRENT ASSETS | $64M |
| TOTAL ASSETS | $323M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $344M |
| TOTAL NON-CURRENT LIABILITIES | $358M |
| TOTAL LIABILITIES | $374M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $88M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $2M |
| TOTAL EQUITY | -$59M |
| TOTAL LIABILITIES & EQUITY | $323M |
| Total Debt | $15M |
| Net Debt | -$243M |
