| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.8B | $960M | -44.1% | 6.5% |
| Op. Income | $174M | $567M | $144M | -69.3% | 20.6% |
| Gross Margin | 56.7% | 60.3% | 56.2% | -3.6pp | 0.5pp |
| Net Margin | 14.8% | 25.0% | 13.3% | -10.2pp | 1.5pp |
| EPS (Diluted) | $0.99 | $3.00 | $0.82 | -67.0% | 20.7% |
| Free Cash Flow | -$89M | $1.1B | -$44M | -108.4% | -103.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $442M |
| GROSS PROFIT | $580M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $406M |
| Other Expenses | -$57M |
| Operating Expenses | $406M |
| Cost & Expenses | $848M |
| OPERATING INCOME | $174M |
| Interest Income | $20M |
| Interest Expense | $725.0K |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $18M |
| EBIT | $192M |
| EBITDA | $210M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $442M |
| GROSS PROFIT | $580M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $406M |
| Other Expenses | -$57M |
| Operating Expenses | $406M |
| Cost & Expenses | $848M |
| OPERATING INCOME | $174M |
| Interest Income | $20M |
| Interest Expense | $725.0K |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $18M |
| EBIT | $192M |
| EBITDA | $210M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $151M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $490.0K |
| Change in Working Capital | -$242M |
| OPERATING CASH FLOW | -$73M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$265M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$871.0K |
| NET CASH FROM FINANCING | -$265M |
| FREE CASH FLOW | -$89M |
| Net Change in Cash | -$352M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $391M |
| Inventory | $495M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $563M |
| Goodwill | $14M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $78M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $710M |
| TOTAL ASSETS | $3.6B |
| Account Payables | $418M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $770M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $287M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $253M |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $277M |
| Net Debt | -$1.6B |
