| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.4B | — | $17.3B | — | 29.7% |
| Op. Income | -$3.3B | — | $2.4B | — | -239.0% |
| Gross Margin | 33.2% | — | 37.9% | — | -4.7pp |
| Net Margin | -27.3% | — | 10.1% | — | -37.3pp |
| EPS (Diluted) | $-2.34 | — | $0.64 | — | -463.6% |
| Free Cash Flow | $8.9B | — | $10.7B | — | -17.0% |
| Item | Amount |
|---|---|
| REVENUE | $22.4B |
| Cost of Revenue | $15.0B |
| GROSS PROFIT | $7.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.8B |
| General & Administrative | $3.2B |
| SG&A Expenses | $5.1B |
| Other Expenses | $5.7B |
| Operating Expenses | $10.7B |
| Cost & Expenses | $25.7B |
| OPERATING INCOME | -$3.3B |
| Interest Income | $0 |
| Interest Expense | $922M |
| Other Income/Expenses | -$924M |
| INCOME BEFORE TAX | -$4.2B |
| Income Tax Expense | $1.6B |
| Net Income from Continuing Ops | -$5.8B |
| Net Income from Discontinued Ops | -$44M |
| Other Adjustments | $0 |
| NET INCOME | -$6.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6.1B |
| D&A | $4.6B |
| EBIT | $2.1B |
| EBITDA | $6.7B |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$6.1B |
| Depreciation & Amortization | $6.5B |
| Stock-Based Compensation | -$80M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9.4B |
| Change in Working Capital | $1.7B |
| OPERATING CASH FLOW | $11.4B |
| Capital Expenditure | -$2.5B |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5.2B |
| NET CASH FROM INVESTING | $2.7B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.2B |
| Common Dividends Paid | -$685M |
| Other Financing Activities | -$7.4B |
| NET CASH FROM FINANCING | -$9.3B |
| FREE CASH FLOW | $8.9B |
| Net Change in Cash | -$8.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.9B |
| Short-Term Investments | $9.4B |
| Net Receivables | $9.6B |
| Inventory | $779M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $34.6B |
| PP&E (Net) | $38.8B |
| Goodwill | $25.9B |
| Intangible Assets | $16.3B |
| Long-Term Investments | $20.4B |
| Tax Assets | $24.0B |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $127.8B |
| TOTAL ASSETS | $162.3B |
| Account Payables | $17.8B |
| Short-Term Debt | $8.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $28.7B |
| Long-Term Debt | $47.5B |
| Deferred Revenue NC | $1.0B |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $5.2B |
| TOTAL NON-CURRENT LIABILITIES | $65.5B |
| TOTAL LIABILITIES | $94.2B |
| Common Stock | $5.5B |
| Additional Paid-In Capital | $189.2B |
| Retained Earnings | -$156.0B |
| Treasury Stock | -$8.6B |
| Accum. Other Comp. Income | $34.9B |
| Other Equity | $1.5B |
| TOTAL STOCKHOLDERS' EQUITY | $66.6B |
| Minority Interest | $1.5B |
| TOTAL EQUITY | $68.1B |
| TOTAL LIABILITIES & EQUITY | $162.3B |
| Total Debt | $67.1B |
| Net Debt | $53.2B |
