| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $203M | — | — | — | — |
| Op. Income | $88M | — | — | — | — |
| Gross Margin | 195.9% | — | — | — | — |
| Net Margin | 17.1% | — | — | — | — |
| EPS (Diluted) | $0.97 | — | — | — | — |
| Free Cash Flow | $5M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | -$194M |
| GROSS PROFIT | $397M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $285M |
| Operating Expenses | $309M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $88M |
| Interest Income | $700.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $4M |
| EBIT | $60M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | -$194M |
| GROSS PROFIT | $397M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $285M |
| Operating Expenses | $309M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $88M |
| Interest Income | $700.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $4M |
| EBIT | $60M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $60M |
| NET CASH FROM INVESTING | $56M |
| Net Debt Issuance | -$79M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$400.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$79M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $0 |
| Net Receivables | $179M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $280M |
| PP&E (Net) | $48M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $51M |
| Tax Assets | $0 |
| Other Non-Current Assets | $299M |
| TOTAL NON-CURRENT ASSETS | $397M |
| TOTAL ASSETS | $677M |
| Account Payables | $168M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $168M |
| Long-Term Debt | $261M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $426M |
| TOTAL LIABILITIES | $593M |
| Common Stock | $61M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $61M |
| Minority Interest | $23M |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $677M |
| Total Debt | $323M |
| Net Debt | $222M |
