Origin Materials reported a full year 2025 net loss of $249.7 million, a substantial increase from $83.7 million in 2024. Fourth quarter 2025 net loss was $194.1 million, up from $13.5 million in the prior-year period. Full year 2025 revenue declined to $18.9 million from $31.3 million in 2024, primarily due to the planned reduction in the supply chain activation program. Operating expenses for Q4 2025 surged to $194.7 million, an increase of $178.4 million, largely driven by a $178.8 million non-cash impairment of assets expense related to ceasing investment in the furanics platform. Cash, cash equivalents, and marketable securities stood at $53.5 million as of December 31, 2025. The company estimates its existing cash and cash equivalents will only allow planned operations into the third quarter of 2026, absent near-term financing and operating expense reductions. Adjusted EBITDA loss for the full year 2025 improved slightly to $43.4 million from $48.4 million in 2024. The projection for achieving Adjusted EBITDA run-rate breakeven has been pushed back from 2027 to prior to 2028. Approximately thirty key prospects are currently evaluating the latest iteration of Origin PET caps, with customer qualification processes underway.