| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $1.6B | $2.8B | 70.9% | -2.3% |
| Op. Income | $599M | $161M | $678M | 272.0% | -11.7% |
| Gross Margin | 45.7% | 41.3% | 46.7% | 4.4pp | -1.0pp |
| Net Margin | 14.8% | 4.8% | 16.3% | 10.0pp | -1.5pp |
| EPS (Diluted) | $1.90 | $0.36 | $2.09 | 427.8% | -9.1% |
| Free Cash Flow | $814M | -$1M | $895M | 81500.0% | -9.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $645M |
| Other Expenses | $0 |
| Operating Expenses | $645M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $599M |
| Interest Income | $0 |
| Interest Expense | $69M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | $538M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $403M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $403M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $403M |
| D&A | $63M |
| EBIT | $599M |
| EBITDA | $662M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $645M |
| Other Expenses | $0 |
| Operating Expenses | $645M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $599M |
| Interest Income | $0 |
| Interest Expense | $69M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | $538M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $403M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $403M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $403M |
| D&A | $63M |
| EBIT | $599M |
| EBITDA | $662M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $403M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $64M |
| Other Non-Cash Items | $69M |
| Change in Working Capital | $341M |
| OPERATING CASH FLOW | $877M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$57M |
| Common Dividends Paid | -$41M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$102M |
| FREE CASH FLOW | $814M |
| Net Change in Cash | $717M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $953M |
| Short-Term Investments | $0 |
| Net Receivables | $180M |
| Inventory | $699M |
| Other Current Assets | $187M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $2.1B |
| Goodwill | $628M |
| Intangible Assets | $165M |
| Long-Term Investments | $38M |
| Tax Assets | $112M |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $465M |
| Short-Term Debt | $475M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $579M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $65M |
| Other Non-Current Liabilities | $213M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $6.3B |
| Common Stock | $108M |
| Additional Paid-In Capital | $794M |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$822M |
| Accum. Other Comp. Income | $74M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.3B |
| Minority Interest | $2M |
| TOTAL EQUITY | -$1.3B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $5.0B |
| Net Debt | $4.0B |
