| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $894M | $1.0B | $964M | -13.6% | -7.3% |
| Op. Income | $205M | $280M | $375M | -26.8% | -45.3% |
| Gross Margin | 57.4% | 59.8% | 59.0% | -2.4pp | -1.6pp |
| Net Margin | 16.3% | 26.1% | 27.6% | -9.8pp | -11.3pp |
| EPS (Diluted) | $0.31 | $0.57 | $0.56 | -45.6% | -44.6% |
| Free Cash Flow | $102M | $272M | $205M | -62.5% | -50.2% |
| Item | Amount |
|---|---|
| REVENUE | $894M |
| Cost of Revenue | $381M |
| GROSS PROFIT | $513M |
| R&D Expenses | $0 |
| Selling & Marketing | $107M |
| General & Administrative | $193M |
| SG&A Expenses | $300M |
| Other Expenses | $8M |
| Operating Expenses | $308M |
| Cost & Expenses | $689M |
| OPERATING INCOME | $205M |
| Interest Income | $5M |
| Interest Expense | $27M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $183M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $21M |
| EBIT | $210M |
| EBITDA | $231M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $894M |
| Cost of Revenue | $381M |
| GROSS PROFIT | $513M |
| R&D Expenses | $0 |
| Selling & Marketing | $107M |
| General & Administrative | $193M |
| SG&A Expenses | $300M |
| Other Expenses | $8M |
| Operating Expenses | $308M |
| Cost & Expenses | $689M |
| OPERATING INCOME | $205M |
| Interest Income | $5M |
| Interest Expense | $27M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $183M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $21M |
| EBIT | $210M |
| EBITDA | $231M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $146M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $152M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$51M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $66M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$190M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$107M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$297M |
| FREE CASH FLOW | $102M |
| Net Change in Cash | -$157M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $444M |
| Short-Term Investments | $0 |
| Net Receivables | $830M |
| Inventory | $2.5B |
| Other Current Assets | $410M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.5B |
| Intangible Assets | $981M |
| Long-Term Investments | $3M |
| Tax Assets | $47M |
| Other Non-Current Assets | $260M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $243M |
| Short-Term Debt | $312M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $241M |
| Other Non-Current Liabilities | $351M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $72M |
| Additional Paid-In Capital | $36M |
| Retained Earnings | $4.7B |
| Treasury Stock | -$605M |
| Accum. Other Comp. Income | -$220M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $2.7B |
| Net Debt | $2.3B |
