| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.4B | -8.2% | -15.6% |
| Op. Income | -$223M | -$186M | -$65M | -19.9% | -243.0% |
| Gross Margin | -9.1% | -9.5% | 28.0% | 0.4pp | -37.1pp |
| Net Margin | -64.5% | -15.6% | -4.4% | -48.9pp | -60.1pp |
| EPS (Diluted) | $-9.76 | $-2.56 | $-0.78 | -281.4% | -1151.7% |
| Free Cash Flow | -$317M | -$34M | $17M | -822.6% | -1966.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | -$108M |
| R&D Expenses | $0 |
| Selling & Marketing | $282M |
| General & Administrative | $107M |
| SG&A Expenses | $389M |
| Other Expenses | -$274M |
| Operating Expenses | $115M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$223M |
| Interest Income | $9M |
| Interest Expense | $6M |
| Other Income/Expenses | -$712M |
| INCOME BEFORE TAX | -$935M |
| Income Tax Expense | -$170M |
| Net Income from Continuing Ops | -$765M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$765M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$765M |
| D&A | $147M |
| EBIT | -$223M |
| EBITDA | -$76M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$765M |
| Depreciation & Amortization | $147M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$222M |
| Other Non-Cash Items | $772M |
| Change in Working Capital | -$108M |
| OPERATING CASH FLOW | -$177M |
| Capital Expenditure | -$141M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$136M |
| Net Debt Issuance | -$96.5K |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | -$317M |
| Net Change in Cash | -$345M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $0 |
| Net Receivables | $323M |
| Inventory | $829M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $3.6B |
| Goodwill | $1.5B |
| Intangible Assets | $591M |
| Long-Term Investments | $24M |
| Tax Assets | $6M |
| Other Non-Current Assets | $549M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $585M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $652M |
| Long-Term Debt | $301M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $398M |
| Other Non-Current Liabilities | $400M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $2.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$277M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $334M |
| Net Debt | $131M |
