| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$2.2B | $1.6B | — | -234.9% | — |
| Op. Income | -$623M | $314M | — | -298.4% | — |
| Gross Margin | 35.1% | 37.8% | — | -2.7pp | — |
| Net Margin | -61.8% | 6.7% | — | -68.5pp | — |
| EPS (Diluted) | $6.05 | $0.33 | — | 1733.3% | — |
| Free Cash Flow | $256M | $135M | — | 89.3% | — |
| Item | Amount |
|---|---|
| REVENUE | -$2.2B |
| Cost of Revenue | -$1.4B |
| GROSS PROFIT | -$772M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$139M |
| Other Expenses | -$23M |
| Operating Expenses | -$149M |
| Cost & Expenses | -$1.6B |
| OPERATING INCOME | -$623M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $502M |
| INCOME BEFORE TAX | -$121M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | -$102M |
| Net Income from Discontinued Ops | $1.5B |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $49M |
| EBIT | -$629M |
| EBITDA | -$579M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$1.4B |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $230M |
| OPERATING CASH FLOW | $281M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | $256M |
| Net Change in Cash | $218M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $754M |
| Short-Term Investments | $0 |
| Net Receivables | $350M |
| Inventory | $310M |
| Other Current Assets | $4.4B |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $59M |
| Goodwill | $765M |
| Intangible Assets | $839M |
| Long-Term Investments | $0 |
| Tax Assets | $1.8B |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $9.4B |
| Account Payables | $213M |
| Short-Term Debt | $0 |
| Deferred Revenue | $107M |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $67M |
| Other Non-Current Liabilities | $274M |
| TOTAL NON-CURRENT LIABILITIES | $7.6B |
| TOTAL LIABILITIES | $9.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$3.0B |
| Treasury Stock | -$335M |
| Accum. Other Comp. Income | -$119M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $275M |
| Minority Interest | $0 |
| TOTAL EQUITY | $275M |
| TOTAL LIABILITIES & EQUITY | $9.4B |
| Total Debt | $7.3B |
| Net Debt | $6.5B |
