| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $823M | — | $560M | — | 47.0% |
| Op. Income | $43M | — | $13M | — | 227.2% |
| Gross Margin | 89.7% | — | 43.4% | — | 46.4pp |
| Net Margin | 1.7% | — | 4.5% | — | -2.8pp |
| EPS (Diluted) | $0.03 | — | $0.05 | — | -40.0% |
| Free Cash Flow | $141M | — | $235M | — | -39.9% |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $739M |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $17M |
| SG&A Expenses | $48M |
| Other Expenses | $648M |
| Operating Expenses | $696M |
| Cost & Expenses | $780M |
| OPERATING INCOME | $43M |
| Interest Income | $13M |
| Interest Expense | $33M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $28M |
| EBIT | $58M |
| EBITDA | $86M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $739M |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $17M |
| SG&A Expenses | $48M |
| Other Expenses | $648M |
| Operating Expenses | $696M |
| Cost & Expenses | $780M |
| OPERATING INCOME | $43M |
| Interest Income | $13M |
| Interest Expense | $33M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $28M |
| EBIT | $58M |
| EBITDA | $86M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $96M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $159M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $59M |
| NET CASH FROM INVESTING | $59M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | -$68M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$142M |
| FREE CASH FLOW | $141M |
| Net Change in Cash | $74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $874M |
| Short-Term Investments | $0 |
| Net Receivables | $909M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $182M |
| Goodwill | $649M |
| Intangible Assets | $428M |
| Long-Term Investments | $165M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $0 |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $6M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$910M |
| Treasury Stock | -$615M |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $972M |
| Minority Interest | $173M |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $1.8B |
| Net Debt | $922M |
