| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $962M | $907M | $921M | 6.0% | 4.4% |
| Op. Income | $33M | $37M | $47M | -10.8% | -28.7% |
| Gross Margin | 78.4% | 78.2% | 43.4% | 0.2pp | 35.0pp |
| Net Margin | 3.0% | 3.5% | 4.5% | -0.5pp | -1.5pp |
| EPS (Diluted) | $0.60 | $0.66 | $0.84 | -9.1% | -28.6% |
| Free Cash Flow | $50M | $54M | $54M | -6.4% | -7.1% |
| Item | Amount |
|---|---|
| REVENUE | $962M |
| Cost of Revenue | $207M |
| GROSS PROFIT | $754M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $67M |
| SG&A Expenses | $67M |
| Other Expenses | $654M |
| Operating Expenses | $721M |
| Cost & Expenses | $928M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $29M |
| EBIT | $34M |
| EBITDA | $62M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $962M |
| Cost of Revenue | $207M |
| GROSS PROFIT | $754M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $67M |
| SG&A Expenses | $67M |
| Other Expenses | $654M |
| Operating Expenses | $721M |
| Cost & Expenses | $928M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $29M |
| EBIT | $34M |
| EBITDA | $62M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$150.0K |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$175M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $175M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $216M |
| Short-Term Investments | $0 |
| Net Receivables | $148M |
| Inventory | $54M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $455M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $252M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $63M |
| Short-Term Debt | $236M |
| Deferred Revenue | $213M |
| Other Current Liabilities | $181M |
| TOTAL CURRENT LIABILITIES | $777M |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $1.4B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $436M |
| Minority Interest | $0 |
| TOTAL EQUITY | $436M |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $3.5B |
| Net Debt | $3.2B |
