| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $930M | — | $1.1B | — | -14.7% |
| Op. Income | $117M | — | $164M | — | -28.8% |
| Gross Margin | 46.0% | — | 47.8% | — | -1.8pp |
| Net Margin | 6.5% | — | 7.7% | — | -1.2pp |
| EPS (Diluted) | $0.33 | — | $0.45 | — | -27.9% |
| Free Cash Flow | $90M | — | $127M | — | -28.7% |
| Item | Amount |
|---|---|
| REVENUE | $930M |
| Cost of Revenue | $502M |
| GROSS PROFIT | $428M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $225M |
| Other Expenses | $86M |
| Operating Expenses | $311M |
| Cost & Expenses | $812M |
| OPERATING INCOME | $117M |
| Interest Income | $5M |
| Interest Expense | $23M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $45M |
| EBIT | $114M |
| EBITDA | $159M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $930M |
| Cost of Revenue | $502M |
| GROSS PROFIT | $428M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $225M |
| Other Expenses | $86M |
| Operating Expenses | $311M |
| Cost & Expenses | $812M |
| OPERATING INCOME | $117M |
| Interest Income | $5M |
| Interest Expense | $23M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $45M |
| EBIT | $114M |
| EBITDA | $159M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $60M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | $50.9K |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$353.8K |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | $977.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $586M |
| Short-Term Investments | $11M |
| Net Receivables | $563M |
| Inventory | $505M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.7B |
| Goodwill | $168M |
| Intangible Assets | $267M |
| Long-Term Investments | $211M |
| Tax Assets | $171M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $426M |
| Short-Term Debt | $224M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $174M |
| TOTAL CURRENT LIABILITIES | $898M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $220M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $635M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$127M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $163M |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $1.5B |
| Net Debt | $908M |
