| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $312M | $0 | -99.5% | — |
| Op. Income | -$26M | $180M | -$1M | -114.5% | -1793.6% |
| Gross Margin | -47.4% | 81.5% | — | -128.8pp | — |
| Net Margin | -3055.7% | -50.1% | — | -3005.6pp | — |
| EPS (Diluted) | $-0.37 | $-1.64 | $0.04 | 77.4% | -1092.0% |
| Free Cash Flow | -$52M | $167M | -$639.1K | -131.1% | -8014.4% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$778.0K |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | -$295.0K |
| Operating Expenses | $25M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$26M |
| Interest Income | $3M |
| Interest Expense | $23.0K |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | -$160.0K |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $973.0K |
| EBIT | -$265M |
| EBITDA | -$264M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$126M |
| NET CASH FROM INVESTING | -$126M |
| Net Debt Issuance | $68.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $256M |
| FREE CASH FLOW | -$52M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $360M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $19M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $385M |
| PP&E (Net) | $87M |
| Goodwill | $135M |
| Intangible Assets | $69M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $310M |
| TOTAL ASSETS | $695M |
| Account Payables | $11M |
| Short-Term Debt | $2M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $128M |
| TOTAL NON-CURRENT LIABILITIES | $154M |
| TOTAL LIABILITIES | $201M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $880M |
| Retained Earnings | -$387M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $130.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $493M |
| Minority Interest | $2M |
| TOTAL EQUITY | $494M |
| TOTAL LIABILITIES & EQUITY | $699M |
| Total Debt | $12M |
| Net Debt | -$348M |
