| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.7B | — | -5.3% | — |
| Op. Income | $81M | -$4M | — | 2216.3% | — |
| Gross Margin | 9.1% | 6.3% | — | 2.8pp | — |
| Net Margin | 2.7% | 0.8% | — | 1.9pp | — |
| EPS (Diluted) | $1.97 | $0.59 | — | 233.9% | — |
| Free Cash Flow | -$77M | $167M | — | -146.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $231M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $150M |
| SG&A Expenses | $150M |
| Other Expenses | $0 |
| Operating Expenses | $150M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $81M |
| Interest Income | $700.0K |
| Interest Expense | $14M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $33M |
| EBIT | $81M |
| EBITDA | $114M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $231M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $150M |
| SG&A Expenses | $150M |
| Other Expenses | $0 |
| Operating Expenses | $150M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $81M |
| Interest Income | $700.0K |
| Interest Expense | $14M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $33M |
| EBIT | $81M |
| EBITDA | $114M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$116M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$71M |
| Acquisitions (Net) | $11M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | $98M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$134.0K |
| NET CASH FROM FINANCING | $91M |
| FREE CASH FLOW | -$77M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $0 |
| Net Receivables | $652M |
| Inventory | $1.4B |
| Other Current Assets | $261M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $1.0B |
| Goodwill | $128M |
| Intangible Assets | $64M |
| Long-Term Investments | $31M |
| Tax Assets | $31M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $919M |
| Short-Term Debt | $340M |
| Deferred Revenue | $195M |
| Other Current Liabilities | $232M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $624M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $736M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $144.0K |
| Additional Paid-In Capital | $208M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $45M |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.0B |
| Net Debt | $945M |
