| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $416M | $304M | — | 36.7% | — |
| Op. Income | -$3M | $57M | — | -105.4% | — |
| Gross Margin | 19.0% | 35.1% | — | -16.1pp | — |
| Net Margin | -3.6% | 2.1% | — | -5.7pp | — |
| EPS (Diluted) | $-0.03 | $0.01 | — | -330.8% | — |
| Free Cash Flow | $92M | -$24M | — | 476.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $337M |
| GROSS PROFIT | $79M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $419M |
| OPERATING INCOME | -$3M |
| Interest Income | $10M |
| Interest Expense | $48M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $67M |
| EBIT | -$3M |
| EBITDA | $64M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | $57M |
| OPERATING CASH FLOW | $152M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | -$580M |
| Purchases of Investments | -$94M |
| Sales/Maturities of Investments | $158M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$580M |
| Net Debt Issuance | $225M |
| Common Stock Repurchased | $212.7K |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $459M |
| FREE CASH FLOW | $92M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $383M |
| Short-Term Investments | $90M |
| Net Receivables | $299M |
| Inventory | $625M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $3.4B |
| Goodwill | $228M |
| Intangible Assets | $26M |
| Long-Term Investments | $29M |
| Tax Assets | $24M |
| Other Non-Current Assets | $83M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $227M |
| Short-Term Debt | $273M |
| Deferred Revenue | $22M |
| Other Current Liabilities | $442M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $729M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $222M |
| Additional Paid-In Capital | $876M |
| Retained Earnings | $510M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$373M |
| Other Equity | $429M |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $137M |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $1.9B |
| Net Debt | $1.6B |
