| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.6B | — | -4.9% | — |
| Op. Income | -$110M | $405M | — | -127.0% | — |
| Gross Margin | -28.7% | 52.4% | — | -81.2pp | — |
| Net Margin | 9.6% | 11.7% | — | -2.1pp | — |
| EPS (Diluted) | $0.59 | $0.74 | — | -20.3% | — |
| Free Cash Flow | $359M | $448M | — | -19.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | -$724M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$60M |
| Other Expenses | -$561M |
| Operating Expenses | -$614M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | -$110M |
| Interest Income | $36M |
| Interest Expense | $42M |
| Other Income/Expenses | $57M |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | -$294M |
| Net Income from Continuing Ops | $241M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $243M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $243M |
| D&A | $106M |
| EBIT | -$11M |
| EBITDA | $96M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $243M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$51M |
| Other Non-Cash Items | $125M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $454M |
| Capital Expenditure | -$95M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$87M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$168M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$209M |
| FREE CASH FLOW | $359M |
| Net Change in Cash | $155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $8M |
| Net Receivables | $2.7B |
| Inventory | $1.3B |
| Other Current Assets | $462M |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $3.1B |
| Goodwill | $0 |
| Intangible Assets | $426M |
| Long-Term Investments | $418M |
| Tax Assets | $253M |
| Other Non-Current Assets | $340M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $1.2B |
| Short-Term Debt | $212M |
| Deferred Revenue | $2.1B |
| Other Current Liabilities | $871M |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $101M |
| Other Non-Current Liabilities | -$107M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $401M |
| Additional Paid-In Capital | $8.1B |
| Retained Earnings | -$3.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $42M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $2.0B |
| Net Debt | $984M |
