| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $377M | $382M | — | -1.4% | — |
| Op. Income | $163M | $18M | — | 807.0% | — |
| Gross Margin | 53.0% | 66.1% | — | -13.1pp | — |
| Net Margin | 31.0% | 18.6% | — | 12.3pp | — |
| EPS (Diluted) | $0.67 | $0.40 | — | 67.5% | — |
| Free Cash Flow | $127M | $29M | — | 329.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $377M |
| Cost of Revenue | $177M |
| GROSS PROFIT | $200M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $214M |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $70M |
| EBIT | $191M |
| EBITDA | $261M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $377M |
| Cost of Revenue | $177M |
| GROSS PROFIT | $200M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $214M |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $70M |
| EBIT | $191M |
| EBITDA | $261M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $30M |
| Other Non-Cash Items | -$25M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $214M |
| Capital Expenditure | -$88M |
| Acquisitions (Net) | $78M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$150M |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | -$8.0K |
| NET CASH FROM FINANCING | -$202M |
| FREE CASH FLOW | $127M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $184M |
| Inventory | $0 |
| Other Current Assets | $119M |
| TOTAL CURRENT ASSETS | $304M |
| PP&E (Net) | $0 |
| Goodwill | $125M |
| Intangible Assets | $144M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.8B |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $67M |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $198M |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$2.3B |
| Treasury Stock | -$130M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.4B |
| Net Debt | $2.4B |
