| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.0B | — | -5.0% | — |
| Op. Income | $185M | $159M | — | 16.4% | — |
| Gross Margin | 16.7% | 14.3% | — | 2.3pp | — |
| Net Margin | 9.1% | 6.4% | — | 2.7pp | — |
| EPS (Diluted) | $0.69 | $0.51 | — | 35.3% | — |
| Free Cash Flow | $212M | -$78M | — | 372.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $315M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $185M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $166M |
| EBIT | $202M |
| EBITDA | $368M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $315M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $185M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $166M |
| EBIT | $202M |
| EBITDA | $368M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $172M |
| Depreciation & Amortization | $166M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$37M |
| Change in Working Capital | $344M |
| OPERATING CASH FLOW | $644M |
| Capital Expenditure | -$432M |
| Acquisitions (Net) | $105M |
| Purchases of Investments | -$240M |
| Sales/Maturities of Investments | $245M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$331M |
| Net Debt Issuance | -$385M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$420M |
| FREE CASH FLOW | $212M |
| Net Change in Cash | -$117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $613M |
| Net Receivables | $1.4B |
| Inventory | $438M |
| Other Current Assets | $101M |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $4.0B |
| Goodwill | $18M |
| Intangible Assets | $0 |
| Long-Term Investments | $68M |
| Tax Assets | $0 |
| Other Non-Current Assets | $202M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $913M |
| Short-Term Debt | $186M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $614M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $538M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $294.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $2.6B |
| Treasury Stock | -$227M |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $35M |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $1.6B |
| Net Debt | $187M |
