| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.8B | $9.3B | — | -4.7% | — |
| Op. Income | $8M | $162M | — | -95.1% | — |
| Gross Margin | 28.8% | 29.4% | — | -0.6pp | — |
| Net Margin | -0.3% | 1.0% | — | -1.3pp | — |
| EPS (Diluted) | $-0.01 | $0.05 | — | -128.4% | — |
| Free Cash Flow | -$303M | $448M | — | -167.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $8.8B |
| Cost of Revenue | $6.3B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.5B |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $8.8B |
| OPERATING INCOME | $8M |
| Interest Income | $47M |
| Interest Expense | $16M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | -$381M |
| EBIT | $38M |
| EBITDA | -$343M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $465M |
| Change in Working Capital | -$422M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$320M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | -$336M |
| Net Debt Issuance | -$353M |
| Common Stock Repurchased | -$156M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$507M |
| FREE CASH FLOW | -$303M |
| Net Change in Cash | -$912M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.3B |
| Short-Term Investments | $0 |
| Net Receivables | $363M |
| Inventory | $2.3B |
| Other Current Assets | $754M |
| TOTAL CURRENT ASSETS | $9.7B |
| PP&E (Net) | $7.0B |
| Goodwill | $0 |
| Intangible Assets | $190M |
| Long-Term Investments | $0 |
| Tax Assets | $596M |
| Other Non-Current Assets | $278M |
| TOTAL NON-CURRENT ASSETS | $8.1B |
| TOTAL ASSETS | $17.8B |
| Account Payables | $6.3B |
| Short-Term Debt | $960M |
| Deferred Revenue | $188M |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $9.4B |
| Long-Term Debt | $648M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $677M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $13.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.0B |
| Retained Earnings | -$4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$381M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $17.8B |
| Total Debt | $4.6B |
| Net Debt | -$1.7B |
