| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $338M | $282M | — | 19.6% | — |
| Op. Income | $63M | $56M | — | 12.5% | — |
| Gross Margin | 34.3% | 36.5% | — | -2.3pp | — |
| Net Margin | 16.4% | 18.3% | — | -1.9pp | — |
| EPS (Diluted) | $0.19 | $0.17 | — | 11.8% | — |
| Free Cash Flow | $105M | $95M | — | 11.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $338M |
| Cost of Revenue | $222M |
| GROSS PROFIT | $116M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $275M |
| OPERATING INCOME | $63M |
| Interest Income | $7M |
| Interest Expense | $4M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $9M |
| EBIT | $63M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $338M |
| Cost of Revenue | $222M |
| GROSS PROFIT | $116M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $275M |
| OPERATING INCOME | $63M |
| Interest Income | $7M |
| Interest Expense | $4M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $9M |
| EBIT | $63M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $56M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $106M |
| Capital Expenditure | -$624.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$154M |
| Sales/Maturities of Investments | $138M |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $31.3K |
| Other Financing Activities | -$394.3K |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | $105M |
| Net Change in Cash | $121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $725M |
| Short-Term Investments | $99M |
| Net Receivables | $572M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $74M |
| Long-Term Investments | $32M |
| Tax Assets | $8M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $120M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $854M |
| Short-Term Debt | $88M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $966M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $972M |
| Common Stock | $590.0K |
| Additional Paid-In Capital | $7M |
| Retained Earnings | $535M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $569M |
| Minority Interest | $168.0K |
| TOTAL EQUITY | $569M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $90M |
| Net Debt | -$635M |
