| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $264M | $268M | $240M | -1.5% | 9.8% |
| Op. Income | $60M | $55M | $47M | 10.1% | 26.6% |
| Gross Margin | 35.6% | 35.7% | 36.0% | -0.1pp | -0.4pp |
| Net Margin | 14.9% | 15.1% | 14.0% | -0.2pp | 0.9pp |
| EPS (Diluted) | $1.21 | $1.24 | $1.03 | -2.4% | 17.5% |
| Free Cash Flow | $51M | $51M | $40M | 0.8% | 29.0% |
| Item | Amount |
|---|---|
| REVENUE | $264M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $94M |
| R&D Expenses | $5M |
| Selling & Marketing | $3M |
| General & Administrative | $1M |
| SG&A Expenses | $4M |
| Other Expenses | $25M |
| Operating Expenses | $34M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $11M |
| EBIT | $52M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $264M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $94M |
| R&D Expenses | $5M |
| Selling & Marketing | $3M |
| General & Administrative | $1M |
| SG&A Expenses | $4M |
| Other Expenses | $25M |
| Operating Expenses | $34M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $11M |
| EBIT | $52M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$124.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $144.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$44M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $36M |
| Common Stock Repurchased | -$54M |
| Common Dividends Paid | -$11.0K |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $144M |
| Inventory | $131M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $366M |
| PP&E (Net) | $323M |
| Goodwill | $816M |
| Intangible Assets | $163M |
| Long-Term Investments | $4M |
| Tax Assets | $21M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $60M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $175M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $75M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $274M |
| TOTAL LIABILITIES | $450M |
| Common Stock | $2M |
| Additional Paid-In Capital | $92M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $192M |
| Net Debt | $117M |
