| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $868M | $821M | $894M | 5.7% | -2.9% |
| Op. Income | $4M | $15M | $22M | -73.2% | -82.1% |
| Gross Margin | 33.0% | 32.8% | 32.1% | 0.3pp | 0.9pp |
| Net Margin | 0.8% | 1.5% | 2.0% | -0.8pp | -1.2pp |
| EPS (Diluted) | $0.30 | $0.56 | $0.81 | -46.4% | -63.0% |
| Free Cash Flow | $57M | -$14M | $22M | 516.8% | 157.3% |
| Item | Amount |
|---|---|
| REVENUE | $868M |
| Cost of Revenue | $581M |
| GROSS PROFIT | $287M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $50M |
| SG&A Expenses | $50M |
| Other Expenses | $233M |
| Operating Expenses | $283M |
| Cost & Expenses | $864M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $35M |
| EBIT | $7M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $868M |
| Cost of Revenue | $581M |
| GROSS PROFIT | $287M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $50M |
| SG&A Expenses | $50M |
| Other Expenses | $233M |
| Operating Expenses | $283M |
| Cost & Expenses | $864M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $35M |
| EBIT | $7M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $38M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $102M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $116.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $39.0K |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$20.0K |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $181M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $313M |
| PP&E (Net) | $1.8B |
| Goodwill | $0 |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $263M |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $170M |
| Short-Term Debt | $200M |
| Deferred Revenue | $90M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $626M |
| Long-Term Debt | $335M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $312M |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $223.0K |
| Additional Paid-In Capital | $11M |
| Retained Earnings | $451M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $462M |
| Minority Interest | $0 |
| TOTAL EQUITY | $462M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
