| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $2.7B | $1.5B | 11.5% | 101.8% |
| Op. Income | -$110M | -$137M | -$270M | 19.6% | 59.3% |
| Gross Margin | 20.1% | 17.3% | 15.3% | 2.8pp | 4.9pp |
| Net Margin | -1.9% | -2.6% | -17.9% | 0.7pp | 16.0pp |
| EPS (Diluted) | $-0.06 | $-0.07 | $-0.28 | 20.0% | 78.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $600M |
| R&D Expenses | $355M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $364M |
| Other Expenses | -$10M |
| Operating Expenses | $709M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | -$110M |
| Interest Income | $44M |
| Interest Expense | $15M |
| Other Income/Expenses | $53M |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$56M |
| D&A | $0 |
| EBIT | -$43M |
| EBITDA | -$43M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $2.5B |
| Net Receivables | $668M |
| Inventory | $1.4B |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $2.4B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $336M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $14.4B |
| Account Payables | $2.6B |
| Short-Term Debt | $3.3B |
| Deferred Revenue | $278M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.8B |
| Long-Term Debt | $938M |
| Deferred Revenue NC | $157M |
| Deferred Tax Liabilities | $46M |
| Other Non-Current Liabilities | $277M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $10.0B |
| Common Stock | $18.4K |
| Additional Paid-In Capital | $10.4B |
| Retained Earnings | -$6.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $299M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $14.4B |
| Total Debt | $5.1B |
| Net Debt | $2.5B |
