| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $1.0B | 11.9% | 10.5% |
| Op. Income | $51M | $39M | $46M | 32.0% | 10.7% |
| Gross Margin | 24.2% | 24.2% | 24.3% | 0.0pp | -0.1pp |
| Net Margin | 1.9% | 1.9% | 2.3% | 0.0pp | -0.4pp |
| EPS (Diluted) | $0.50 | $0.44 | $0.55 | 13.6% | -9.1% |
| Free Cash Flow | $66M | -$20M | $65M | 433.4% | 1.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $866M |
| GROSS PROFIT | $277M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $225M |
| Other Expenses | $0 |
| Operating Expenses | $225M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $21M |
| EBIT | $43M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $866M |
| GROSS PROFIT | $277M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $225M |
| Other Expenses | $0 |
| Operating Expenses | $225M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $21M |
| EBIT | $43M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$750.0K |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$161.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $66M |
| Net Change in Cash | $56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $0 |
| Net Receivables | $392M |
| Inventory | $386M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $970M |
| PP&E (Net) | $572M |
| Goodwill | $363M |
| Intangible Assets | $137M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$14M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $276M |
| Short-Term Debt | $28M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $145M |
| TOTAL CURRENT LIABILITIES | $473M |
| Long-Term Debt | $922M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | -$196M |
| TOTAL NON-CURRENT LIABILITIES | $950M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $407.0K |
| Additional Paid-In Capital | $405M |
| Retained Earnings | $202M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $604M |
| Minority Interest | $0 |
| TOTAL EQUITY | $604M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
