| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | $2.8B | -0.7% | 4.9% |
| Op. Income | $446M | $498M | $416M | -10.6% | 7.2% |
| Gross Margin | 23.4% | 24.5% | 24.8% | -1.1pp | -1.3pp |
| Net Margin | 11.1% | 12.7% | 11.7% | -1.6pp | -0.6pp |
| EPS (Diluted) | $0.25 | $0.29 | $0.24 | -13.8% | 4.2% |
| Free Cash Flow | $228M | $406M | $354M | -43.8% | -35.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $699M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $160M |
| SG&A Expenses | $160M |
| Other Expenses | $93M |
| Operating Expenses | $253M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $446M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $434M |
| Income Tax Expense | $103M |
| Net Income from Continuing Ops | $331M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $331M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $331M |
| D&A | $93M |
| EBIT | $446M |
| EBITDA | $538M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $699M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $160M |
| SG&A Expenses | $160M |
| Other Expenses | $93M |
| Operating Expenses | $253M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $446M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $434M |
| Income Tax Expense | $103M |
| Net Income from Continuing Ops | $331M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $331M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $331M |
| D&A | $93M |
| EBIT | $446M |
| EBITDA | $538M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $331M |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $426M |
| Capital Expenditure | -$197M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $182M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$743M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$742M |
| FREE CASH FLOW | $228M |
| Net Change in Cash | -$348M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $351M |
| Short-Term Investments | $699M |
| Net Receivables | $248M |
| Inventory | $50M |
| Other Current Assets | $120M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $7.1B |
| Goodwill | $22M |
| Intangible Assets | $0 |
| Long-Term Investments | $232M |
| Tax Assets | $0 |
| Other Non-Current Assets | $131M |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $213M |
| Short-Term Debt | $302M |
| Deferred Revenue | $240M |
| Other Current Liabilities | $182M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $126M |
| Other Non-Current Liabilities | -$4.7B |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $13M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $620M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $9.8B |
| Net Debt | $9.5B |
