A reading of the quarterly filing shows a net loss of about $(113.5) million. A separate read of the same quarter shows positive net income near $621 million, flattered by a roughly $780.6 million one-time, non-cash gain from revaluing a ClickHouse stake — stripping that out leaves an adjusted loss near $(100.3) million. What the reported net-income line includes or excludes is a to-verify item for the next filing. Either way the shape is the same: core cloud adjusted-EBITDA-positive inside a group that still loses money once GPU-fleet depreciation is counted. Still the very early days.