| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $5M | — | -100.0% |
| Op. Income | -$71M | -$53M | -$56M | -35.6% | -28.2% |
| EPS (Diluted) | $-5.17 | $-1.22 | $-1.26 | -323.8% | -310.3% |
| Free Cash Flow | -$52M | -$41M | -$39M | -27.5% | -35.7% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $10.0K |
| GROSS PROFIT | -$10.0K |
| R&D Expenses | $56M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $66M |
| OPERATING INCOME | -$71M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | -$169M |
| INCOME BEFORE TAX | -$240M |
| Income Tax Expense | $106.0K |
| Net Income from Continuing Ops | -$240M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$240M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$240M |
| D&A | $10.0K |
| EBIT | -$71M |
| EBITDA | -$71M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$240M |
| Depreciation & Amortization | -$29.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $172M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$133M |
| Sales/Maturities of Investments | $70M |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $141M |
| FREE CASH FLOW | -$52M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $233M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $351M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $17M |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $384M |
| Account Payables | $7M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $79M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $79M |
| TOTAL LIABILITIES | $141M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$765M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$64.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $242M |
| Minority Interest | $0 |
| TOTAL EQUITY | $242M |
| TOTAL LIABILITIES & EQUITY | $384M |
| Total Debt | $80M |
| Net Debt | -$31M |
