| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.4B | 0.9% | 1.6% |
| Op. Income | $246M | $250M | $276M | -1.3% | -10.9% |
| Gross Margin | 26.0% | 25.8% | 29.5% | 0.2pp | -3.5pp |
| Net Margin | 11.5% | 6.8% | 5.2% | 4.7pp | 6.2pp |
| EPS (Diluted) | $11.30 | $0.71 | $0.54 | 1491.5% | 1992.6% |
| Free Cash Flow | $0 | $123M | $254M | -100.0% | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $374M |
| R&D Expenses | $0 |
| Selling & Marketing | $101M |
| General & Administrative | $0 |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $246M |
| Interest Income | $0 |
| Interest Expense | $123M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $193M |
| EBIT | $246M |
| EBITDA | $440M |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $374M |
| R&D Expenses | $0 |
| Selling & Marketing | $101M |
| General & Administrative | $0 |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $246M |
| Interest Income | $0 |
| Interest Expense | $123M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $193M |
| EBIT | $246M |
| EBITDA | $440M |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| Net Income | $165M |
| Depreciation & Amortization | $193M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $346M |
| Capital Expenditure | -$346M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$61M |
| NET CASH FROM INVESTING | -$61M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$200M |
| NET CASH FROM FINANCING | -$200M |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$934M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $703M |
| Inventory | $174M |
| Other Current Assets | $79M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $3.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $0 |
| Short-Term Debt | $451M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.6B |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.7B |
| TOTAL LIABILITIES | $7.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$592M |
| TOTAL STOCKHOLDERS' EQUITY | -$592M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$592M |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $4.1B |
| Net Debt | $3.0B |
