| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.7B | 2.5% | -1.4% |
| Op. Income | $126M | -$649M | $638M | 119.5% | -80.2% |
| Gross Margin | 31.5% | 32.4% | 33.4% | -0.9pp | -1.9pp |
| Net Margin | 3.1% | -43.8% | 29.7% | 47.0pp | -26.5pp |
| EPS (Diluted) | $0.08 | $-1.04 | $0.73 | 107.4% | -89.4% |
| Free Cash Flow | $117M | $172M | $146M | -31.7% | -19.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $524M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $392M |
| Other Expenses | $5M |
| Operating Expenses | $398M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $126M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $28M |
| 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 | $103M |
| EBIT | $121M |
| EBITDA | $224M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $524M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $392M |
| Other Expenses | $5M |
| Operating Expenses | $398M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $126M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $28M |
| 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 | $103M |
| EBIT | $121M |
| EBITDA | $224M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $103M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $50M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$98M |
| OPERATING CASH FLOW | $153M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | $91M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $700.0K |
| FREE CASH FLOW | $117M |
| Net Change in Cash | $114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $365M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $818M |
| Other Current Assets | $193M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $767M |
| Goodwill | $5.0B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $396M |
| TOTAL NON-CURRENT ASSETS | $9.3B |
| TOTAL ASSETS | $11.8B |
| Account Payables | $742M |
| Short-Term Debt | $31M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $559M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $3.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $557M |
| Other Non-Current Liabilities | $378M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.7B |
| Treasury Stock | -$76M |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $11.8B |
| Total Debt | $3.9B |
| Net Debt | $3.6B |
