| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $373M | $338M | $346M | 10.4% | 7.9% |
| Op. Income | $37M | $12M | $52M | 208.3% | -30.2% |
| Gross Margin | 58.5% | 49.2% | 57.3% | 9.3pp | 1.2pp |
| Net Margin | 4.5% | 0.8% | 9.8% | 3.6pp | -5.3pp |
| EPS (Diluted) | $0.54 | $0.09 | $1.08 | 486.3% | -50.0% |
| Free Cash Flow | $41M | $48M | $39M | -15.0% | 4.9% |
| Item | Amount |
|---|---|
| REVENUE | $373M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $218M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $182M |
| Cost & Expenses | $337M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $19M |
| EBIT | $37M |
| EBITDA | $55M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $373M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $218M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $182M |
| Cost & Expenses | $337M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $19M |
| EBIT | $37M |
| EBITDA | $55M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $812.0K |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $46M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $248M |
| Inventory | $0 |
| Other Current Assets | $384M |
| TOTAL CURRENT ASSETS | $673M |
| PP&E (Net) | $0 |
| Goodwill | $807M |
| Intangible Assets | $582M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $264M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $94M |
| Short-Term Debt | $712.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $221M |
| TOTAL CURRENT LIABILITIES | $315M |
| Long-Term Debt | $834M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $80M |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $978M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $313.0K |
| Additional Paid-In Capital | $503M |
| Retained Earnings | $589M |
| Treasury Stock | -$13M |
| Accum. Other Comp. Income | -$46M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $835M |
| Net Debt | $794M |
