| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $321M | $319M | $305M | 0.7% | 5.3% |
| Op. Income | $19M | $25M | $21M | -25.3% | -10.2% |
| Gross Margin | 21.3% | 24.1% | 23.4% | -2.8pp | -2.2pp |
| Net Margin | 5.1% | 6.5% | 5.5% | -1.4pp | -0.4pp |
| EPS (Diluted) | $0.64 | $0.79 | $0.63 | -19.0% | 1.6% |
| Free Cash Flow | $71M | $34M | $50M | 107.3% | 40.7% |
| Item | Amount |
|---|---|
| REVENUE | $321M |
| Cost of Revenue | $253M |
| GROSS PROFIT | $68M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $2M |
| Operating Expenses | $50M |
| Cost & Expenses | $303M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $38.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $2M |
| EBIT | $21M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $321M |
| Cost of Revenue | $253M |
| GROSS PROFIT | $68M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $2M |
| Operating Expenses | $50M |
| Cost & Expenses | $303M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $38.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $2M |
| EBIT | $21M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $52M |
| OPERATING CASH FLOW | $76M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$621.0K |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $97M |
| Net Receivables | $252M |
| Inventory | $0 |
| Other Current Assets | $81M |
| TOTAL CURRENT ASSETS | $525M |
| PP&E (Net) | $90M |
| Goodwill | $48M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $74.0K |
| Other Non-Current Assets | $116M |
| TOTAL NON-CURRENT ASSETS | $254M |
| TOTAL ASSETS | $779M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $391M |
| TOTAL CURRENT LIABILITIES | $406M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $115M |
| TOTAL NON-CURRENT LIABILITIES | $132M |
| TOTAL LIABILITIES | $538M |
| Common Stock | $252.0K |
| Additional Paid-In Capital | $46M |
| Retained Earnings | $206M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $241M |
| Minority Interest | $0 |
| TOTAL EQUITY | $241M |
| TOTAL LIABILITIES & EQUITY | $806M |
| Total Debt | $24M |
| Net Debt | -$71M |
