| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $639M | $625M | $640M | 2.3% | -0.1% |
| Op. Income | $101M | $75M | $114M | 34.7% | -11.6% |
| Gross Margin | 32.2% | 28.9% | 36.6% | 3.3pp | -4.4pp |
| Net Margin | 12.0% | 10.3% | 14.1% | 1.7pp | -2.1pp |
| EPS (Diluted) | $5.48 | $4.46 | $6.02 | 22.9% | -9.0% |
| Free Cash Flow | $117M | $66M | $152M | 77.5% | -23.0% |
| Item | Amount |
|---|---|
| REVENUE | $639M |
| Cost of Revenue | $433M |
| GROSS PROFIT | $206M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $106M |
| Other Expenses | $0 |
| Operating Expenses | $106M |
| Cost & Expenses | $539M |
| OPERATING INCOME | $101M |
| Interest Income | $2M |
| Interest Expense | $521.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $16M |
| EBIT | $106M |
| EBITDA | $122M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $639M |
| Cost of Revenue | $433M |
| GROSS PROFIT | $206M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $106M |
| Other Expenses | $0 |
| Operating Expenses | $106M |
| Cost & Expenses | $539M |
| OPERATING INCOME | $101M |
| Interest Income | $2M |
| Interest Expense | $521.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $16M |
| EBIT | $106M |
| EBITDA | $122M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $134M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $397.0K |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | -$175M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$124.0K |
| NET CASH FROM FINANCING | -$173M |
| FREE CASH FLOW | $117M |
| Net Change in Cash | -$55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $183M |
| Inventory | $8M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $303M |
| PP&E (Net) | $337M |
| Goodwill | $667M |
| Intangible Assets | $83M |
| Long-Term Investments | $140M |
| Tax Assets | $102M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $53M |
| Short-Term Debt | $52M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $121M |
| TOTAL CURRENT LIABILITIES | $287M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $136M |
| Deferred Tax Liabilities | $121M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $373M |
| TOTAL LIABILITIES | $661M |
| Common Stock | $38M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $3.0B |
| Treasury Stock | -$3.6B |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $979M |
| Minority Interest | $0 |
| TOTAL EQUITY | $979M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $155M |
| Net Debt | $80M |
