| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.3B | -2.0% | -3.7% |
| Op. Income | $162M | $204M | $187M | -20.6% | -13.4% |
| Gross Margin | 27.7% | 33.0% | 34.1% | -5.3pp | -6.4pp |
| Net Margin | 4.8% | 8.5% | 10.5% | -3.8pp | -5.7pp |
| EPS (Diluted) | $0.28 | $0.51 | $0.62 | -45.1% | -54.8% |
| Free Cash Flow | $286M | $87M | $172M | 228.7% | 66.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $913M |
| GROSS PROFIT | $349M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $198M |
| Other Expenses | -$27M |
| Operating Expenses | $187M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $162M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $77M |
| EBIT | $162M |
| EBITDA | $240M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $913M |
| GROSS PROFIT | $349M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $198M |
| Other Expenses | -$27M |
| Operating Expenses | $187M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $162M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $77M |
| EBIT | $162M |
| EBITDA | $240M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $60M |
| Depreciation & Amortization | $77M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $188M |
| OPERATING CASH FLOW | $344M |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | -$42M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$90M |
| Net Debt Issuance | -$205M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$205M |
| FREE CASH FLOW | $286M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $657M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $756M |
| Other Current Assets | $130M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.8B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $1M |
| Tax Assets | $119M |
| Other Non-Current Assets | $311M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $577M |
| Short-Term Debt | $51M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $482M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $171M |
| Other Non-Current Liabilities | $325M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $255M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$383M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $47M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $3.4B |
| Net Debt | $2.7B |
