| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $925M | $758M | $860M | 22.1% | 7.6% |
| Op. Income | $85M | $29M | $83M | 191.1% | 1.8% |
| Gross Margin | 43.2% | 45.1% | 47.8% | -1.8pp | -4.6pp |
| Net Margin | 6.9% | 1.5% | 7.2% | 5.4pp | -0.2pp |
| EPS (Diluted) | $1.81 | $0.32 | $1.71 | 465.6% | 5.8% |
| Free Cash Flow | $248M | -$144M | $271M | 271.8% | -8.6% |
| Item | Amount |
|---|---|
| REVENUE | $925M |
| Cost of Revenue | $525M |
| GROSS PROFIT | $400M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $320M |
| Other Expenses | -$4M |
| Operating Expenses | $315M |
| Cost & Expenses | $841M |
| OPERATING INCOME | $85M |
| Interest Income | $3M |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $15M |
| EBIT | $87M |
| EBITDA | $102M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $925M |
| Cost of Revenue | $525M |
| GROSS PROFIT | $400M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $320M |
| Other Expenses | -$4M |
| Operating Expenses | $315M |
| Cost & Expenses | $841M |
| OPERATING INCOME | $85M |
| Interest Income | $3M |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $15M |
| EBIT | $87M |
| EBITDA | $102M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $186M |
| OPERATING CASH FLOW | $259M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $63M |
| Common Stock Repurchased | $4M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $54M |
| FREE CASH FLOW | $248M |
| Net Change in Cash | $303M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $487M |
| Short-Term Investments | $0 |
| Net Receivables | $179M |
| Inventory | $545M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $778M |
| Goodwill | $209M |
| Intangible Assets | $289M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $236M |
| Short-Term Debt | $136M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $134M |
| TOTAL CURRENT LIABILITIES | $506M |
| Long-Term Debt | $567M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $39M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $364.0K |
| Additional Paid-In Capital | $20M |
| Retained Earnings | $929M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $925M |
| Minority Interest | $0 |
| TOTAL EQUITY | $925M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.2B |
| Net Debt | $725M |
