| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $936M | $884M | 13.1% | 19.8% |
| Op. Income | $172M | $149M | $137M | 15.3% | 25.6% |
| Gross Margin | 50.1% | 50.6% | 49.1% | -0.6pp | 1.0pp |
| Net Margin | 9.8% | 8.9% | 9.5% | 1.0pp | 0.4pp |
| EPS (Diluted) | $2.35 | $1.86 | $1.86 | 26.3% | 26.3% |
| Free Cash Flow | $171M | $124M | $186M | 38.0% | -7.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $529M |
| GROSS PROFIT | $530M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $66M |
| SG&A Expenses | $66M |
| Other Expenses | $292M |
| Operating Expenses | $358M |
| Cost & Expenses | $886M |
| OPERATING INCOME | $172M |
| Interest Income | $271.0K |
| Interest Expense | $35M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $104M |
| D&A | $186M |
| EBIT | $178M |
| EBITDA | $364M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $529M |
| GROSS PROFIT | $530M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $66M |
| SG&A Expenses | $66M |
| Other Expenses | $292M |
| Operating Expenses | $358M |
| Cost & Expenses | $886M |
| OPERATING INCOME | $172M |
| Interest Income | $271.0K |
| Interest Expense | $35M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $104M |
| D&A | $186M |
| EBIT | $178M |
| EBITDA | $364M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $104M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $174M |
| Change in Working Capital | -$71M |
| OPERATING CASH FLOW | $207M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$166M |
| NET CASH FROM INVESTING | -$166M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$49M |
| FREE CASH FLOW | $171M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $487M |
| Other Current Assets | $146M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $1.2B |
| Goodwill | $2.0B |
| Intangible Assets | $231M |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $213M |
| Short-Term Debt | $111M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $84M |
| TOTAL CURRENT LIABILITIES | $408M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $159M |
| Other Non-Current Liabilities | -$249M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $575.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $2.8B |
| Net Debt | $2.7B |
