| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.1B | $1.4B | 33.9% | 6.4% |
| Op. Income | $297M | $223M | $274M | 32.9% | 8.4% |
| Gross Margin | 39.7% | 40.1% | 39.2% | -0.4pp | 0.5pp |
| Net Margin | 11.8% | 12.1% | 11.7% | -0.3pp | 0.1pp |
| EPS (Diluted) | $5.35 | $4.08 | $4.89 | 31.1% | 9.4% |
| Free Cash Flow | $176M | $164M | $136M | 7.3% | 29.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $926M |
| GROSS PROFIT | $610M |
| R&D Expenses | $0 |
| Selling & Marketing | $172M |
| General & Administrative | $142M |
| SG&A Expenses | $314M |
| Other Expenses | -$145.0K |
| Operating Expenses | $314M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $297M |
| Interest Income | $3M |
| Interest Expense | $61M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $182M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $32M |
| EBIT | $291M |
| EBITDA | $324M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $926M |
| GROSS PROFIT | $610M |
| R&D Expenses | $0 |
| Selling & Marketing | $172M |
| General & Administrative | $142M |
| SG&A Expenses | $314M |
| Other Expenses | -$145.0K |
| Operating Expenses | $314M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $297M |
| Interest Income | $3M |
| Interest Expense | $61M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $182M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $32M |
| EBIT | $291M |
| EBITDA | $324M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $182M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $240M |
| Capital Expenditure | -$64M |
| Acquisitions (Net) | $100.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$336.0K |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | -$80M |
| Common Dividends Paid | -$117M |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | -$194M |
| FREE CASH FLOW | $176M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $434M |
| Short-Term Investments | $0 |
| Net Receivables | $334M |
| Inventory | $79M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $894M |
| PP&E (Net) | $544M |
| Goodwill | $11M |
| Intangible Assets | $159M |
| Long-Term Investments | $61M |
| Tax Assets | $107M |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $907M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $135M |
| Short-Term Debt | $54M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $295M |
| TOTAL CURRENT LIABILITIES | $542M |
| Long-Term Debt | $4.9B |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $85M |
| Other Non-Current Liabilities | -$115M |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $336.0K |
| Additional Paid-In Capital | $2M |
| Retained Earnings | -$3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3.9B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $5.2B |
| Net Debt | $4.8B |
