| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | — | $458M | — | 145.3% |
| Op. Income | $350M | — | -$373M | — | 193.9% |
| Gross Margin | 50.0% | — | -33.4% | — | 83.3pp |
| Net Margin | 16.8% | — | -67.1% | — | 83.8pp |
| EPS (Diluted) | $0.14 | — | $-0.00 | — | 60600.0% |
| Free Cash Flow | $827M | — | $813M | — | 1.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $563M |
| GROSS PROFIT | $562M |
| R&D Expenses | $2M |
| Selling & Marketing | $2M |
| General & Administrative | $42M |
| SG&A Expenses | $44M |
| Other Expenses | $166M |
| Operating Expenses | $212M |
| Cost & Expenses | $774M |
| OPERATING INCOME | $350M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$72M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $155M |
| EBIT | $408M |
| EBITDA | $563M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $563M |
| GROSS PROFIT | $562M |
| R&D Expenses | $2M |
| Selling & Marketing | $2M |
| General & Administrative | $42M |
| SG&A Expenses | $44M |
| Other Expenses | $166M |
| Operating Expenses | $212M |
| Cost & Expenses | $774M |
| OPERATING INCOME | $350M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$72M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $155M |
| EBIT | $408M |
| EBITDA | $563M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $189M |
| Depreciation & Amortization | $114M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $248M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $615M |
| Capital Expenditure | $213M |
| Acquisitions (Net) | -$378.1K |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $97.9K |
| Other Investing Activities | -$1 |
| NET CASH FROM INVESTING | -$295M |
| Net Debt Issuance | -$157M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$175M |
| FREE CASH FLOW | $827M |
| Net Change in Cash | $91M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $519.8K |
| Short-Term Investments | $873 |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $707M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $0 |
| Goodwill | $919M |
| Intangible Assets | $298M |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.4B |
| TOTAL NON-CURRENT ASSETS | $10.8B |
| TOTAL ASSETS | $13.1B |
| Account Payables | $1.4B |
| Short-Term Debt | $540M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $352M |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $17.0K |
| Deferred Tax Liabilities | $225.6K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | -$436M |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$410M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $379M |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $13.1B |
| Total Debt | $4.0B |
| Net Debt | $3M |
