| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $246M | — | $197M | — | 24.8% |
| Op. Income | -$18M | — | $56M | — | -132.0% |
| Gross Margin | 44.6% | — | 31.2% | — | 13.4pp |
| Net Margin | 31.2% | — | 22.6% | — | 8.6pp |
| EPS (Diluted) | $0.89 | — | $0.51 | — | 72.9% |
| Free Cash Flow | $56M | — | -$48M | — | 214.8% |
| Item | Amount |
|---|---|
| REVENUE | $246M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $110M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $121M |
| Operating Expenses | $128M |
| Cost & Expenses | $264M |
| OPERATING INCOME | -$18M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $124M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $13M |
| EBIT | $103M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $971.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $39M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $134M |
| Capital Expenditure | -$79M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$724.2K |
| NET CASH FROM INVESTING | -$80M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$307.8K |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $32M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $138M |
| PP&E (Net) | $516M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $601M |
| TOTAL ASSETS | $739M |
| Account Payables | $58M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $60M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $142M |
| TOTAL NON-CURRENT LIABILITIES | $143M |
| TOTAL LIABILITIES | $203M |
| Common Stock | $536M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $536M |
| Minority Interest | $0 |
| TOTAL EQUITY | $536M |
| TOTAL LIABILITIES & EQUITY | $739M |
| Total Debt | $1M |
| Net Debt | -$78M |
