| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $704M | $681M | $657M | 3.5% | 7.2% |
| Op. Income | $20M | $26M | $29M | -22.0% | -29.4% |
| Gross Margin | 10.5% | 9.9% | 10.3% | 0.6pp | 0.2pp |
| Net Margin | 0.8% | 2.1% | 2.8% | -1.2pp | -2.0pp |
| EPS (Diluted) | $0.17 | $0.39 | $0.50 | -56.4% | -66.0% |
| Free Cash Flow | $47M | $26M | $37M | 83.5% | 28.5% |
| Item | Amount |
|---|---|
| REVENUE | $704M |
| Cost of Revenue | $630M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $15M |
| Operating Expenses | $54M |
| Cost & Expenses | $684M |
| OPERATING INCOME | $20M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $12M |
| EBIT | $20M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $704M |
| Cost of Revenue | $630M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $15M |
| Operating Expenses | $54M |
| Cost & Expenses | $684M |
| OPERATING INCOME | $20M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $12M |
| EBIT | $20M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $39M |
| Common Stock Repurchased | $26M |
| Common Dividends Paid | $18M |
| Other Financing Activities | -$96M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $322M |
| Short-Term Investments | $0 |
| Net Receivables | $391M |
| Inventory | $483M |
| Other Current Assets | $252M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $326M |
| Goodwill | $297M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $624M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $403M |
| Short-Term Debt | $4M |
| Deferred Revenue | $116M |
| Other Current Liabilities | $113M |
| TOTAL CURRENT LIABILITIES | $636M |
| Long-Term Debt | $306M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$68M |
| TOTAL NON-CURRENT LIABILITIES | $336M |
| TOTAL LIABILITIES | $972M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1.1B |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $408M |
| Net Debt | $86M |
