| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$94M | -$84M | -$49M | -12.2% | -92.6% |
| EPS (Diluted) | $-1.39 | $-1.26 | $-0.85 | -10.3% | -63.5% |
| Free Cash Flow | -$70M | -$62M | -$40M | -13.0% | -76.0% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | -$1M |
| GROSS PROFIT | $1M |
| R&D Expenses | $60M |
| Selling & Marketing | $0 |
| General & Administrative | $35M |
| SG&A Expenses | $35M |
| Other Expenses | $879.0K |
| Operating Expenses | $95M |
| Cost & Expenses | $94M |
| OPERATING INCOME | -$94M |
| Interest Income | $19M |
| Interest Expense | $6M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$91M |
| Income Tax Expense | -$1.0K |
| Net Income from Continuing Ops | -$91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$91M |
| D&A | $135.0K |
| EBIT | -$85M |
| EBITDA | -$85M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$91M |
| Depreciation & Amortization | $135.0K |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$359.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$70M |
| Capital Expenditure | -$102.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $105M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $81M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $286M |
| FREE CASH FLOW | -$70M |
| Net Change in Cash | $297M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $355M |
| Short-Term Investments | $360M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $729M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $735M |
| Account Payables | $22M |
| Short-Term Debt | $549.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $75M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $130M |
| Common Stock | $71.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$761M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $786.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $605M |
| Minority Interest | $0 |
| TOTAL EQUITY | $605M |
| TOTAL LIABILITIES & EQUITY | $735M |
| Total Debt | $77M |
| Net Debt | -$277M |
