| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $1.7B | 0.8% | 9.0% |
| Op. Income | $246M | $247M | $219M | -0.5% | 12.2% |
| Gross Margin | 38.2% | 39.6% | 40.0% | -1.4pp | -1.8pp |
| Net Margin | 7.2% | 7.5% | 10.2% | -0.3pp | -3.0pp |
| EPS (Diluted) | $1.84 | $1.64 | $2.05 | 12.2% | -10.2% |
| Free Cash Flow | $107M | $264M | $85M | -59.4% | 26.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $728M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $482M |
| SG&A Expenses | $482M |
| Other Expenses | $0 |
| Operating Expenses | $482M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $246M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $188M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $55M |
| EBIT | $246M |
| EBITDA | $301M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $728M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $482M |
| SG&A Expenses | $482M |
| Other Expenses | $0 |
| Operating Expenses | $482M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $246M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $188M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $55M |
| EBIT | $246M |
| EBITDA | $301M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $137M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $210M |
| Capital Expenditure | -$102M |
| Acquisitions (Net) | $209.0K |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $190M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $43M |
| Net Debt Issuance | $996M |
| Common Stock Repurchased | -$2.5B |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $107M |
| Net Change in Cash | -$1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $282M |
| Short-Term Investments | $0 |
| Net Receivables | $700M |
| Inventory | $336M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $1.7B |
| Goodwill | $166M |
| Intangible Assets | $772M |
| Long-Term Investments | $87M |
| Tax Assets | $319M |
| Other Non-Current Assets | $130M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $542M |
| Short-Term Debt | $125M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $272M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $94M |
| Deferred Tax Liabilities | $463M |
| Other Non-Current Liabilities | $799M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $67M |
| Additional Paid-In Capital | $24M |
| Retained Earnings | -$824M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$740M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$740M |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $3.0B |
| Net Debt | $2.7B |
