| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.0B | $2.0B | -11.2% | -9.9% |
| Op. Income | $29M | $36M | $14M | -19.3% | 101.6% |
| Gross Margin | 34.2% | 5.5% | 4.6% | 28.7pp | 29.6pp |
| Net Margin | 0.1% | 0.7% | -0.1% | -0.6pp | 0.2pp |
| EPS (Diluted) | $0.00 | $0.10 | $-0.03 | -96.4% | 112.0% |
| Free Cash Flow | $15M | $25M | -$13M | -39.1% | 211.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $614M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $43M |
| SG&A Expenses | $43M |
| Other Expenses | $542M |
| Operating Expenses | $585M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $29M |
| Interest Income | $4M |
| Interest Expense | $23M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$204.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $410.0K |
| D&A | $33M |
| EBIT | $24M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $614M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $43M |
| SG&A Expenses | $43M |
| Other Expenses | $542M |
| Operating Expenses | $585M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $29M |
| Interest Income | $4M |
| Interest Expense | $23M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$204.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $410.0K |
| D&A | $33M |
| EBIT | $24M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | -$101M |
| Stock-Based Compensation | -$10M |
| Deferred Income Tax | $45.0K |
| Other Non-Cash Items | $146M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$99M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $305M |
| Short-Term Investments | $6M |
| Net Receivables | $87M |
| Inventory | $191M |
| Other Current Assets | $128M |
| TOTAL CURRENT ASSETS | $718M |
| PP&E (Net) | $2.2B |
| Goodwill | $300M |
| Intangible Assets | $160M |
| Long-Term Investments | $0 |
| Tax Assets | $63M |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $157M |
| Short-Term Debt | $128M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $148M |
| TOTAL CURRENT LIABILITIES | $433M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.1B |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $292M |
| Retained Earnings | $101M |
| Treasury Stock | -$134M |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $367M |
| Minority Interest | $0 |
| TOTAL EQUITY | $367M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $4.0B |
| Net Debt | $3.6B |
