Reported December 31, 2025
| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | — | $3.1B | — | -3.3% |
| Op. Income | $135M | — | $413M | — | -67.3% |
| Gross Margin | 27.4% | — | 35.3% | — | -7.9pp |
| Net Margin | -3.4% | — | 4.0% | — | -7.4pp |
| EPS (Diluted) | $-0.90 | — | $1.10 | — | -181.8% |
| Free Cash Flow | $750M | — | $507M | — | 48.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $831M |
| R&D Expenses | $0 |
| Selling & Marketing | $144M |
| General & Administrative | $0 |
| SG&A Expenses | $144M |
| Other Expenses | $552M |
| Operating Expenses | $696M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $135M |
| Interest Income | $48M |
| Interest Expense | $315M |
| Other Income/Expenses | -$253M |
| INCOME BEFORE TAX | -$118M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | -$104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$104M |
| D&A | $657M |
| EBIT | $135M |
| EBITDA | $792M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$104M |
| Depreciation & Amortization | $657M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $197M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $750M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$89M |
| NET CASH FROM INVESTING | -$89M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$819M |
| NET CASH FROM FINANCING | -$819M |
| FREE CASH FLOW | $750M |
| Net Change in Cash | -$154M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $754M |
| Short-Term Investments | $20M |
| Net Receivables | $262M |
| Inventory | $17M |
| Other Current Assets | $278M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $3.5B |
| Goodwill | $0 |
| Intangible Assets | $38M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $726M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $192M |
| Short-Term Debt | $262M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $785M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $441M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $272M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $248M |
| Additional Paid-In Capital | $283M |
| Retained Earnings | -$109M |
| Treasury Stock | -$13M |
| Accum. Other Comp. Income | -$146M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $263M |
| Minority Interest | $0 |
| TOTAL EQUITY | $263M |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $3.9B |
| Net Debt | $3.1B |