| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.2B | $2.0B | 6.3% | 13.0% |
| Op. Income | $207M | $196M | $198M | 5.2% | 4.5% |
| Gross Margin | 9.0% | 9.1% | 9.7% | -0.1pp | -0.7pp |
| Net Margin | 6.9% | 5.2% | 6.6% | 1.7pp | 0.2pp |
| EPS (Diluted) | $7.14 | $5.00 | $5.98 | 42.8% | 19.4% |
| Free Cash Flow | $128M | $214M | $135M | -40.2% | -4.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $207M |
| R&D Expenses | $0 |
| Selling & Marketing | $457M |
| General & Administrative | $0 |
| SG&A Expenses | $457M |
| Other Expenses | -$457M |
| Operating Expenses | $0 |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $207M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $158M |
| D&A | $56M |
| EBIT | $207M |
| EBITDA | $263M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $207M |
| R&D Expenses | $0 |
| Selling & Marketing | $457M |
| General & Administrative | $0 |
| SG&A Expenses | $457M |
| Other Expenses | -$457M |
| Operating Expenses | $0 |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $207M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $158M |
| D&A | $56M |
| EBIT | $207M |
| EBITDA | $263M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $158M |
| Depreciation & Amortization | $56M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $897.0K |
| Change in Working Capital | -$55M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | -$54M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.0K |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | -$183M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$197M |
| FREE CASH FLOW | $128M |
| Net Change in Cash | -$118M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $268M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $556M |
| Goodwill | $5.0B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $184M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $382M |
| Short-Term Debt | $69M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $435M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $143M |
| Other Non-Current Liabilities | $171M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $4M |
| Additional Paid-In Capital | $652M |
| Retained Earnings | $4.9B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $3.3B |
| Net Debt | $3.2B |
