| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $537M | $627M | $518M | -14.3% | 3.8% |
| Op. Income | -$36M | $54M | $20M | -167.6% | -277.9% |
| Gross Margin | 38.8% | 42.8% | 41.1% | -4.0pp | -2.3pp |
| Net Margin | -5.7% | 4.6% | 1.7% | -10.3pp | -7.4pp |
| EPS (Diluted) | $-0.66 | $0.61 | $0.18 | -208.2% | -466.7% |
| Free Cash Flow | $47M | $99M | $48M | -53.2% | -2.7% |
| Item | Amount |
|---|---|
| REVENUE | $537M |
| Cost of Revenue | $329M |
| GROSS PROFIT | $209M |
| R&D Expenses | $16M |
| Selling & Marketing | $51M |
| General & Administrative | $112M |
| SG&A Expenses | $163M |
| Other Expenses | $67M |
| Operating Expenses | $245M |
| Cost & Expenses | $574M |
| OPERATING INCOME | -$36M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$53M |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $23M |
| EBIT | -$38M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $57M |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | -$100.0K |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$28M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $226M |
| Short-Term Investments | $0 |
| Net Receivables | $195M |
| Inventory | $485M |
| Other Current Assets | $90M |
| TOTAL CURRENT ASSETS | $996M |
| PP&E (Net) | $369M |
| Goodwill | $1.3B |
| Intangible Assets | $921M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $179M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $220M |
| Short-Term Debt | $45M |
| Deferred Revenue | $800.0K |
| Other Current Liabilities | $227M |
| TOTAL CURRENT LIABILITIES | $566M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $130M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$110M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.5B |
| Net Debt | $1.3B |
