| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $272M | — | $302M | — | -10.0% |
| Op. Income | $121M | — | $53M | — | 129.6% |
| Gross Margin | 54.4% | — | 35.4% | — | 19.1pp |
| Net Margin | 25.4% | — | 3.8% | — | 21.7pp |
| EPS (Diluted) | $0.23 | — | $0.04 | — | 533.6% |
| Free Cash Flow | $120M | — | $88M | — | 35.5% |
| Item | Amount |
|---|---|
| REVENUE | $272M |
| Cost of Revenue | $124M |
| GROSS PROFIT | $148M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $121M |
| Interest Income | $4M |
| Interest Expense | $6M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $46M |
| EBIT | $120M |
| EBITDA | $166M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $272M |
| Cost of Revenue | $124M |
| GROSS PROFIT | $148M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $121M |
| Interest Income | $4M |
| Interest Expense | $6M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $46M |
| EBIT | $120M |
| EBITDA | $166M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $41M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $17.9K |
| Sales/Maturities of Investments | $38.6K |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | $76 |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $120M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $553M |
| Short-Term Investments | $7M |
| Net Receivables | $74M |
| Inventory | $122M |
| Other Current Assets | $123.8K |
| TOTAL CURRENT ASSETS | $763M |
| PP&E (Net) | $1.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $59M |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $78M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $256M |
| Long-Term Debt | $190M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $179M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $427M |
| TOTAL LIABILITIES | $683M |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $487M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $64M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $58M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $266M |
| Net Debt | -$286M |
