| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.9B | $3.0B | -1.3% | -3.3% |
| Op. Income | $251M | $288M | $301M | -12.9% | -16.7% |
| Gross Margin | 14.5% | 16.1% | 13.1% | -1.6pp | 1.4pp |
| Net Margin | 7.0% | 7.7% | 8.0% | -0.6pp | -0.9pp |
| EPS (Diluted) | $1.49 | $1.64 | $1.68 | -9.1% | -11.3% |
| Free Cash Flow | $270M | $190M | $240M | 42.1% | 12.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $413M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $150M |
| Operating Expenses | $162M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $251M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $14M |
| EBIT | $262M |
| EBITDA | $276M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $413M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $150M |
| Operating Expenses | $162M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $251M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $14M |
| EBIT | $262M |
| EBITDA | $276M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $201M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $283M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$47M |
| Common Dividends Paid | -$103M |
| Other Financing Activities | -$8.0K |
| NET CASH FROM FINANCING | -$147M |
| FREE CASH FLOW | $270M |
| Net Change in Cash | $124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $419M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $1.0B |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $102M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $111M |
| Deferred Revenue | $358M |
| Other Current Liabilities | $448M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $460M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$460M |
| TOTAL NON-CURRENT LIABILITIES | $460M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$184M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $2M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $1.0B |
| Net Debt | -$284M |
