| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $676M | $656M | $624M | 3.1% | 8.3% |
| Op. Income | $70M | $101M | $75M | -30.9% | -6.9% |
| Gross Margin | 40.9% | 42.2% | 41.0% | -1.3pp | -0.1pp |
| Net Margin | 0.9% | 6.0% | 8.8% | -5.1pp | -7.9pp |
| EPS (Diluted) | $0.03 | $0.16 | $0.23 | -84.3% | -89.0% |
| Free Cash Flow | $74M | $84M | $116M | -11.4% | -36.3% |
| Item | Amount |
|---|---|
| REVENUE | $676M |
| Cost of Revenue | $400M |
| GROSS PROFIT | $277M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $190M |
| Other Expenses | $0 |
| Operating Expenses | $207M |
| Cost & Expenses | $607M |
| OPERATING INCOME | $70M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$120M |
| INCOME BEFORE TAX | -$50M |
| Income Tax Expense | -$56M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $37M |
| EBIT | $70M |
| EBITDA | $107M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $85M |
| Change in Working Capital | -$100.0K |
| OPERATING CASH FLOW | $91M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $627M |
| Short-Term Investments | $0 |
| Net Receivables | $518M |
| Inventory | $295M |
| Other Current Assets | $144M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $320M |
| Goodwill | $2.2B |
| Intangible Assets | $657M |
| Long-Term Investments | $0 |
| Tax Assets | $176M |
| Other Non-Current Assets | $125M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $166M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $264M |
| TOTAL CURRENT LIABILITIES | $430M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $93M |
| Other Non-Current Liabilities | $263M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$905M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$309M |
| Other Equity | $3.9B |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $15M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $1.6B |
| Net Debt | $999M |
