| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.1B | -4.2% | 2.0% |
| Op. Income | $52M | $81M | $59M | -35.6% | -12.3% |
| Gross Margin | 38.5% | 38.3% | 43.5% | 0.1pp | -5.0pp |
| Net Margin | 3.5% | 4.9% | 4.3% | -1.4pp | -0.8pp |
| EPS (Diluted) | $0.36 | $0.53 | $0.44 | -32.1% | -18.2% |
| Free Cash Flow | $45M | $24M | $4M | 84.4% | 1051.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $695M |
| GROSS PROFIT | $434M |
| R&D Expenses | $0 |
| Selling & Marketing | $253M |
| General & Administrative | $202M |
| SG&A Expenses | $455M |
| Other Expenses | -$72M |
| Operating Expenses | $382M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $52M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$194.0K |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $57M |
| EBIT | $54M |
| EBITDA | $111M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $695M |
| GROSS PROFIT | $434M |
| R&D Expenses | $0 |
| Selling & Marketing | $253M |
| General & Administrative | $202M |
| SG&A Expenses | $455M |
| Other Expenses | -$72M |
| Operating Expenses | $382M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $52M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$194.0K |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $57M |
| EBIT | $54M |
| EBITDA | $111M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $124M |
| Capital Expenditure | -$79M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$79M |
| Net Debt Issuance | -$526.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$197.0K |
| NET CASH FROM FINANCING | -$331.0K |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $249M |
| Short-Term Investments | $0 |
| Net Receivables | $101M |
| Inventory | $1.1B |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $3.5B |
| Goodwill | $258M |
| Intangible Assets | $147M |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $684M |
| Short-Term Debt | $158M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $266M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $49M |
| Other Non-Current Liabilities | -$1.6B |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $108.0K |
| Additional Paid-In Capital | $578M |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $22.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $3.6B |
| Net Debt | $3.4B |
