| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $252M | $263M | $262M | -4.1% | -3.9% |
| Op. Income | $12M | $22M | $2M | -47.2% | 596.9% |
| Gross Margin | 27.2% | 27.5% | 26.9% | -0.3pp | 0.3pp |
| Net Margin | 0.6% | 5.6% | -1.0% | -5.0pp | 1.6pp |
| EPS (Diluted) | $0.03 | $0.24 | $-0.04 | -89.1% | 162.5% |
| Free Cash Flow | -$5M | $23M | -$3M | -123.6% | -101.0% |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $57M |
| Operating Expenses | $57M |
| Cost & Expenses | $240M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $10M |
| EBIT | $19M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $57M |
| Operating Expenses | $57M |
| Cost & Expenses | $240M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $10M |
| EBIT | $19M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$209.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $488.1K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $61M |
| Common Stock Repurchased | -$63M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $163.1K |
| Net Receivables | $285M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $380M |
| PP&E (Net) | $75M |
| Goodwill | $638M |
| Intangible Assets | $136M |
| Long-Term Investments | $7M |
| Tax Assets | $26M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $882M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $244M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $312M |
| TOTAL LIABILITIES | $476M |
| Common Stock | $2M |
| Additional Paid-In Capital | $29M |
| Retained Earnings | $776M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $786M |
| Minority Interest | $0 |
| TOTAL EQUITY | $786M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $307M |
| Net Debt | $227M |
