| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $187M | — | $171M | — | 9.2% |
| Op. Income | $56M | — | $52M | — | 7.3% |
| Gross Margin | 61.8% | — | 63.8% | — | -2.0pp |
| Net Margin | 18.9% | — | 17.7% | — | 1.3pp |
| EPS (Diluted) | $0.39 | — | $0.33 | — | 16.4% |
| Free Cash Flow | $28M | — | $49M | — | -41.7% |
| Item | Amount |
|---|---|
| REVENUE | $187M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $115M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $131M |
| OPERATING INCOME | $56M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $0 |
| EBIT | $56M |
| EBITDA | $56M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $187M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $115M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $131M |
| OPERATING INCOME | $56M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $0 |
| EBIT | $56M |
| EBITDA | $56M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $33M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$291.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $35M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $29M |
| Other Financing Activities | -$39M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $0 |
| Net Receivables | $152M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $391M |
| PP&E (Net) | $324M |
| Goodwill | $307M |
| Intangible Assets | $818M |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $25M |
| Short-Term Debt | $23M |
| Deferred Revenue | $32M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $178M |
| Long-Term Debt | $401M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $117M |
| TOTAL NON-CURRENT LIABILITIES | $721M |
| TOTAL LIABILITIES | $899M |
| Common Stock | $3.4K |
| Additional Paid-In Capital | $467M |
| Retained Earnings | $531M |
| Treasury Stock | -$62M |
| Accum. Other Comp. Income | $41M |
| Other Equity | $2 |
| TOTAL STOCKHOLDERS' EQUITY | $977M |
| Minority Interest | $8M |
| TOTAL EQUITY | $985M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $628M |
| Net Debt | $402M |
