| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $313M | $255M | — | 22.7% | — |
| Op. Income | $132M | $107M | — | 24.0% | — |
| Gross Margin | 51.1% | 47.4% | — | 3.7pp | — |
| Net Margin | 16.5% | 16.3% | — | 0.2pp | — |
| EPS (Diluted) | $0.25 | $0.21 | — | 19.0% | — |
| Free Cash Flow | $28M | $38M | — | -25.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $153M |
| GROSS PROFIT | $160M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $181M |
| OPERATING INCOME | $132M |
| Interest Income | $4M |
| Interest Expense | $10M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $99M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $19M |
| EBIT | $132M |
| EBITDA | $151M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $153M |
| GROSS PROFIT | $160M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $181M |
| OPERATING INCOME | $132M |
| Interest Income | $4M |
| Interest Expense | $10M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $99M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $19M |
| EBIT | $132M |
| EBITDA | $151M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$310.2K |
| Other Non-Cash Items | $36M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $115M |
| Capital Expenditure | -$86M |
| Acquisitions (Net) | -$9.4K |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$52M |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $391M |
| Short-Term Investments | $0 |
| Net Receivables | $77M |
| Inventory | $56M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $536M |
| PP&E (Net) | $1.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $14M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $114M |
| Short-Term Debt | $56M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $304M |
| Long-Term Debt | $465M |
| Deferred Revenue NC | $192M |
| Deferred Tax Liabilities | $68M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $769M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $416M |
| Retained Earnings | -$112M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $525M |
| Net Debt | $133M |
