| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $376M | $395M | $302M | -4.7% | 24.5% |
| Op. Income | $85M | $328M | -$110M | -74.1% | 177.4% |
| Gross Margin | 31.4% | 34.5% | 35.3% | -3.2pp | -4.0pp |
| Net Margin | 52.0% | 73.9% | -17.4% | -21.9pp | 69.4pp |
| EPS (Diluted) | $0.96 | $1.39 | $-0.25 | -30.9% | 484.0% |
| Free Cash Flow | $11M | $99M | $47M | -88.8% | -76.5% |
| Item | Amount |
|---|---|
| REVENUE | $376M |
| Cost of Revenue | $258M |
| GROSS PROFIT | $118M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $25M |
| SG&A Expenses | $28M |
| Other Expenses | $5M |
| Operating Expenses | $33M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $85M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $177M |
| INCOME BEFORE TAX | $261M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $196M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $196M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $24M |
| EBIT | $266M |
| EBITDA | $289M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $376M |
| Cost of Revenue | $258M |
| GROSS PROFIT | $118M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $25M |
| SG&A Expenses | $28M |
| Other Expenses | $5M |
| Operating Expenses | $33M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $85M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $177M |
| INCOME BEFORE TAX | $261M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $196M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $196M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $24M |
| EBIT | $266M |
| EBITDA | $289M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $196M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $32M |
| Other Non-Cash Items | -$126M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $104M |
| Capital Expenditure | -$93M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $528M |
| Short-Term Investments | $12M |
| Net Receivables | $137M |
| Inventory | $333M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $219M |
| Tax Assets | $12M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $369M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $446M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $367M |
| TOTAL NON-CURRENT LIABILITIES | $438M |
| TOTAL LIABILITIES | $884M |
| Common Stock | $726M |
| Additional Paid-In Capital | $31M |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$49M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $30M |
| Net Debt | -$498M |
