| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.8B | — | 19.6% | — |
| Op. Income | $224M | $216M | — | 3.7% | — |
| Gross Margin | 57.7% | 56.8% | — | 0.9pp | — |
| Net Margin | 6.3% | 8.1% | — | -1.9pp | — |
| EPS (Diluted) | $0.23 | $0.25 | — | -8.0% | — |
| Free Cash Flow | $548M | -$60M | — | 1019.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $889M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $988M |
| Other Expenses | $0 |
| Operating Expenses | $988M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $224M |
| Interest Income | $2M |
| Interest Expense | $20M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $132M |
| D&A | $106M |
| EBIT | $228M |
| EBITDA | $334M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $889M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $988M |
| Other Expenses | $0 |
| Operating Expenses | $988M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $224M |
| Interest Income | $2M |
| Interest Expense | $20M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $132M |
| D&A | $106M |
| EBIT | $228M |
| EBITDA | $334M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $132M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $43M |
| Change in Working Capital | $344M |
| OPERATING CASH FLOW | $625M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | -$207M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$43M |
| NET CASH FROM FINANCING | -$238M |
| FREE CASH FLOW | $548M |
| Net Change in Cash | $299M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $652M |
| Short-Term Investments | $0 |
| Net Receivables | $830M |
| Inventory | $1.6B |
| Other Current Assets | $200M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $1.5B |
| Goodwill | $2.3B |
| Intangible Assets | $2.8B |
| Long-Term Investments | $71M |
| Tax Assets | $84M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $770M |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $520M |
| Other Non-Current Liabilities | -$599M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $19M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$214M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.8B |
| Other Equity | -$43M |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $19M |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $2.4B |
| Net Debt | $1.8B |
