| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.2B | 2.6% | 21.0% |
| Op. Income | $143M | $157M | $73M | -9.1% | 95.2% |
| Gross Margin | 18.6% | 19.6% | 16.0% | -1.0pp | 2.5pp |
| Net Margin | 7.3% | 8.4% | 4.7% | -1.0pp | 2.6pp |
| EPS (Diluted) | $2.30 | $2.56 | $1.24 | -10.2% | 85.5% |
| Free Cash Flow | $106M | $132M | $84M | -19.9% | 27.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $59M |
| SG&A Expenses | $59M |
| Other Expenses | $70M |
| Operating Expenses | $129M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $58M |
| EBIT | $143M |
| EBITDA | $201M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $59M |
| SG&A Expenses | $59M |
| Other Expenses | $70M |
| Operating Expenses | $129M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $58M |
| EBIT | $143M |
| EBITDA | $201M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $107M |
| Depreciation & Amortization | $58M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $186M |
| Capital Expenditure | -$80M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $900.0K |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | -$103M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$107M |
| FREE CASH FLOW | $106M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $73M |
| Inventory | $90M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $207M |
| PP&E (Net) | $2.1B |
| Goodwill | $195M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $101M |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $169M |
| Short-Term Debt | $0 |
| Deferred Revenue | $57M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $676M |
| Long-Term Debt | $346M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $71M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $6M |
| Additional Paid-In Capital | $715M |
| Retained Earnings | $187M |
| Treasury Stock | -$530M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $371M |
| Minority Interest | $0 |
| TOTAL EQUITY | $371M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.7B |
| Net Debt | $1.7B |
