| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $910M | $872M | $753M | 4.3% | 20.8% |
| Op. Income | $89M | $79M | $73M | 12.9% | 21.5% |
| Gross Margin | 12.2% | 11.7% | 12.3% | 0.5pp | -0.0pp |
| Net Margin | 9.6% | 9.3% | 10.8% | 0.3pp | -1.2pp |
| EPS (Diluted) | $2.42 | $2.24 | $2.22 | 8.0% | 9.0% |
| Free Cash Flow | $4M | $45M | $70M | -90.2% | -93.7% |
| Item | Amount |
|---|---|
| REVENUE | $910M |
| Cost of Revenue | $798M |
| GROSS PROFIT | $111M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $69.0K |
| Operating Expenses | $22M |
| Cost & Expenses | $821M |
| OPERATING INCOME | $89M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $14M |
| EBIT | $93M |
| EBITDA | $107M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $910M |
| Cost of Revenue | $798M |
| GROSS PROFIT | $111M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $69.0K |
| Operating Expenses | $22M |
| Cost & Expenses | $821M |
| OPERATING INCOME | $89M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $14M |
| EBIT | $93M |
| EBITDA | $107M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $55.0K |
| Change in Working Capital | -$53M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$140M |
| Sales/Maturities of Investments | $157M |
| Other Investing Activities | -$88.0K |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$357.0K |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$480.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $306M |
| Short-Term Investments | $628M |
| Net Receivables | $759M |
| Inventory | $581M |
| Other Current Assets | $116M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $386M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $623.0K |
| TOTAL NON-CURRENT ASSETS | $403M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $637M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $810M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $850M |
| Common Stock | $396.0K |
| Additional Paid-In Capital | $238M |
| Retained Earnings | $2.1B |
| Treasury Stock | -$360M |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $9M |
| Net Debt | -$297M |
