| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $877M | $449M | $865M | 95.3% | 1.4% |
| Op. Income | $120M | $68M | $132M | 75.8% | -9.7% |
| Gross Margin | 22.2% | 37.3% | 21.1% | -15.1pp | 1.1pp |
| Net Margin | 16.6% | -0.0% | 11.4% | 16.6pp | 5.1pp |
| EPS (Diluted) | $0.33 | $-0.00 | $0.23 | 150100.0% | 45.2% |
| Free Cash Flow | $399M | $46M | $340M | 764.3% | 17.4% |
| Item | Amount |
|---|---|
| REVENUE | $877M |
| Cost of Revenue | $682M |
| GROSS PROFIT | $195M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $757M |
| OPERATING INCOME | $120M |
| Interest Income | $5M |
| Interest Expense | $14M |
| Other Income/Expenses | $60M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $63M |
| EBIT | $120M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $877M |
| Cost of Revenue | $682M |
| GROSS PROFIT | $195M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $757M |
| OPERATING INCOME | $120M |
| Interest Income | $5M |
| Interest Expense | $14M |
| Other Income/Expenses | $60M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $63M |
| EBIT | $120M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $63M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $25M |
| Other Non-Cash Items | $97M |
| Change in Working Capital | $148M |
| OPERATING CASH FLOW | $479M |
| Capital Expenditure | -$80M |
| Acquisitions (Net) | $97.8K |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$152M |
| Net Debt Issuance | -$274.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$76M |
| Other Financing Activities | -$5.6K |
| NET CASH FROM FINANCING | -$76M |
| FREE CASH FLOW | $399M |
| Net Change in Cash | $253M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $814M |
| Short-Term Investments | $73M |
| Net Receivables | $272M |
| Inventory | $616M |
| Other Current Assets | $152M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $2.4B |
| Goodwill | $0 |
| Intangible Assets | $26M |
| Long-Term Investments | $2.2B |
| Tax Assets | $487M |
| Other Non-Current Assets | $464M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $7.5B |
| Account Payables | $636M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $131M |
| TOTAL CURRENT LIABILITIES | $781M |
| Long-Term Debt | $736M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $955M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $2.1B |
| Additional Paid-In Capital | $154M |
| Retained Earnings | $2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $106M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $11.0K |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $747M |
| Net Debt | -$67M |
