| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $424M | $556M | $372M | -23.6% | 14.2% |
| Op. Income | $86M | $146M | $52M | -41.0% | 64.1% |
| Gross Margin | 53.4% | 53.6% | 51.8% | -0.2pp | 1.6pp |
| Net Margin | 16.8% | 20.9% | 12.1% | -4.1pp | 4.7pp |
| EPS (Diluted) | $1.31 | $2.11 | $0.81 | -37.9% | 61.7% |
| Free Cash Flow | $127M | $212M | $163M | -40.2% | -22.0% |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $198M |
| GROSS PROFIT | $227M |
| R&D Expenses | $103M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $141M |
| Cost & Expenses | $339M |
| OPERATING INCOME | $86M |
| Interest Income | $9M |
| Interest Expense | $218.0K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $13M |
| EBIT | $95M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $198M |
| GROSS PROFIT | $227M |
| R&D Expenses | $103M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $141M |
| Cost & Expenses | $339M |
| OPERATING INCOME | $86M |
| Interest Income | $9M |
| Interest Expense | $218.0K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $13M |
| EBIT | $95M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$32.0K |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $130M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$104M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$104M |
| FREE CASH FLOW | $127M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $540M |
| Short-Term Investments | $56M |
| Net Receivables | $216M |
| Inventory | $299M |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $287M |
| Goodwill | $436M |
| Intangible Assets | $27M |
| Long-Term Investments | $239M |
| Tax Assets | $48M |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $63M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $195M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $182M |
| TOTAL LIABILITIES | $378M |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $90M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $144M |
| Net Debt | -$396M |
