| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $457M | $315M | $438M | 45.1% | 4.5% |
| Op. Income | $25M | -$4M | $11M | 774.6% | 136.0% |
| Gross Margin | 75.2% | 52.4% | 48.5% | 22.8pp | 26.7pp |
| Net Margin | -1.2% | -5.0% | 0.0% | 3.8pp | -1.2pp |
| EPS (Diluted) | $-0.10 | $-0.27 | $0.00 | 64.5% | -31528.6% |
| Item | Amount |
|---|---|
| REVENUE | $457M |
| Cost of Revenue | $113M |
| GROSS PROFIT | $344M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $301M |
| Other Expenses | $1M |
| Operating Expenses | $319M |
| Cost & Expenses | $432M |
| OPERATING INCOME | $25M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $0 |
| EBIT | $25M |
| EBITDA | $25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $153M |
| Short-Term Investments | $255M |
| Net Receivables | $319M |
| Inventory | $182M |
| Other Current Assets | $85M |
| TOTAL CURRENT ASSETS | $995M |
| PP&E (Net) | $206M |
| Goodwill | $40M |
| Intangible Assets | $47M |
| Long-Term Investments | $71M |
| Tax Assets | $42M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $422M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $68M |
| Short-Term Debt | $261M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $199M |
| TOTAL CURRENT LIABILITIES | $533M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $81M |
| TOTAL LIABILITIES | $614M |
| Common Stock | $14.8K |
| Additional Paid-In Capital | $678M |
| Retained Earnings | -$137M |
| Treasury Stock | -$13M |
| Accum. Other Comp. Income | $4M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $533M |
| Minority Interest | $270M |
| TOTAL EQUITY | $803M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $332M |
| Net Debt | $179M |
