| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $960M | $981M | 10.4% | 8.1% |
| Op. Income | $126M | $93M | $120M | 35.5% | 5.0% |
| Gross Margin | 24.8% | 23.1% | 24.0% | 1.7pp | 0.9pp |
| Net Margin | 9.6% | 7.5% | 9.1% | 2.1pp | 0.6pp |
| EPS (Diluted) | $0.38 | $0.27 | $0.33 | 40.7% | 15.2% |
| Free Cash Flow | $376M | $77M | $414M | 388.3% | -9.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $797M |
| GROSS PROFIT | $263M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $136M |
| SG&A Expenses | $136M |
| Other Expenses | $1M |
| Operating Expenses | $137M |
| Cost & Expenses | $934M |
| OPERATING INCOME | $126M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $24M |
| EBIT | $126M |
| EBITDA | $150M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $797M |
| GROSS PROFIT | $263M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $136M |
| SG&A Expenses | $136M |
| Other Expenses | $1M |
| Operating Expenses | $137M |
| Cost & Expenses | $934M |
| OPERATING INCOME | $126M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $24M |
| EBIT | $126M |
| EBITDA | $150M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $28M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $258M |
| OPERATING CASH FLOW | $425M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | $376M |
| Net Change in Cash | $338M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $647M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $352M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $619M |
| Goodwill | $1.2B |
| Intangible Assets | $112M |
| Long-Term Investments | $21M |
| Tax Assets | $216M |
| Other Non-Current Assets | $85M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $351M |
| Short-Term Debt | $54M |
| Deferred Revenue | $585M |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $226M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $134M |
| Other Non-Current Liabilities | $106M |
| TOTAL NON-CURRENT LIABILITIES | $656M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $470M |
| Net Debt | -$177M |
