| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $216M | $213M | $197M | 1.5% | 9.4% |
| Op. Income | -$87M | $20M | $10M | -529.9% | -935.3% |
| Gross Margin | 27.7% | 26.6% | 23.5% | 1.1pp | 4.2pp |
| Net Margin | 3.4% | -30.3% | 3.4% | 33.8pp | 0.0pp |
| EPS (Diluted) | $0.51 | $-4.30 | $0.45 | 111.9% | 13.3% |
| Free Cash Flow | -$79M | $16M | $15M | -591.9% | -640.3% |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $60M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $109M |
| Operating Expenses | $147M |
| Cost & Expenses | $303M |
| OPERATING INCOME | -$87M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | $97M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $8M |
| EBIT | $32M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$91M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$75M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$3.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $73M |
| Common Stock Repurchased | -$105.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $73M |
| FREE CASH FLOW | -$79M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $0 |
| Net Receivables | $374M |
| Inventory | $183M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $626M |
| PP&E (Net) | $147M |
| Goodwill | $245M |
| Intangible Assets | $133M |
| Long-Term Investments | $0 |
| Tax Assets | $15M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $560M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $75M |
| Short-Term Debt | $5M |
| Deferred Revenue | $41M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $179M |
| Long-Term Debt | $299M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $345M |
| TOTAL LIABILITIES | $524M |
| Common Stock | $149.0K |
| Additional Paid-In Capital | $236M |
| Retained Earnings | $420M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $662M |
| Minority Interest | $0 |
| TOTAL EQUITY | $662M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $346M |
| Net Debt | $301M |
