| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$165M | -$99M | -$46M | -67.1% | -256.3% |
| EPS (Diluted) | $-1.38 | $-0.81 | $-0.32 | -70.4% | -331.2% |
| Free Cash Flow | -$85M | -$94M | -$31M | 9.3% | -173.5% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $94.0K |
| GROSS PROFIT | -$94.0K |
| R&D Expenses | $153M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $165M |
| Cost & Expenses | $165M |
| OPERATING INCOME | -$165M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$158M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$158M |
| D&A | $94.0K |
| EBIT | -$165M |
| EBITDA | -$165M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$158M |
| Depreciation & Amortization | $94.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $65M |
| OPERATING CASH FLOW | -$85M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $76M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $74M |
| NET CASH FROM FINANCING | $75M |
| FREE CASH FLOW | -$85M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $166M |
| Short-Term Investments | $540M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $716M |
| PP&E (Net) | $85.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $46.0K |
| TOTAL NON-CURRENT ASSETS | $131.0K |
| TOTAL ASSETS | $716M |
| Account Payables | $53M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $77M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$848M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $378.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $639M |
| Minority Interest | $0 |
| TOTAL EQUITY | $639M |
| TOTAL LIABILITIES & EQUITY | $716M |
| Total Debt | $137.0K |
| Net Debt | -$166M |
