| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.0B | 2.6% | 17.1% |
| Op. Income | $181M | $140M | $157M | 29.2% | 15.0% |
| Gross Margin | 48.9% | 48.4% | 47.3% | 0.5pp | 1.5pp |
| Net Margin | 9.4% | 8.3% | 11.5% | 1.1pp | -2.1pp |
| EPS (Diluted) | $3.61 | $3.12 | $3.77 | 15.7% | -4.2% |
| Free Cash Flow | $178M | $192M | $151M | -7.6% | 17.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $618M |
| GROSS PROFIT | $591M |
| R&D Expenses | $0 |
| Selling & Marketing | $410M |
| General & Administrative | $0 |
| SG&A Expenses | $410M |
| Other Expenses | $0 |
| Operating Expenses | $410M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $181M |
| Interest Income | $3M |
| Interest Expense | $10M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $46M |
| EBIT | $145M |
| EBITDA | $191M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $618M |
| GROSS PROFIT | $591M |
| R&D Expenses | $0 |
| Selling & Marketing | $410M |
| General & Administrative | $0 |
| SG&A Expenses | $410M |
| Other Expenses | $0 |
| Operating Expenses | $410M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $181M |
| Interest Income | $3M |
| Interest Expense | $10M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $46M |
| EBIT | $145M |
| EBITDA | $191M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | $45M |
| OPERATING CASH FLOW | $203M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$600.0K |
| NET CASH FROM FINANCING | -$122M |
| FREE CASH FLOW | $178M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $423M |
| Short-Term Investments | $0 |
| Net Receivables | $594M |
| Inventory | $527M |
| Other Current Assets | $108M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $441M |
| Goodwill | $1.5B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $5M |
| Tax Assets | $23M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $455M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $318M |
| TOTAL CURRENT LIABILITIES | $846M |
| Long-Term Debt | $897M |
| Deferred Revenue NC | $38M |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $141M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $4.3B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$77M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $1.0B |
| Net Debt | $582M |
