| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.2B | 2.2% | 5.6% |
| Op. Income | $198M | $192M | $190M | 3.2% | 4.0% |
| Gross Margin | 36.6% | 36.4% | 35.7% | 0.2pp | 0.9pp |
| Net Margin | 10.8% | 11.3% | 11.4% | -0.4pp | -0.5pp |
| EPS (Diluted) | $0.82 | $0.83 | $0.79 | -1.2% | 3.8% |
| Free Cash Flow | $269M | $292M | $183M | -7.9% | 47.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $837M |
| GROSS PROFIT | $482M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $277M |
| Other Expenses | $7M |
| Operating Expenses | $285M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $198M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $0 |
| EBIT | $201M |
| EBITDA | $201M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $837M |
| GROSS PROFIT | $482M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $277M |
| Other Expenses | $7M |
| Operating Expenses | $285M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $198M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $0 |
| EBIT | $201M |
| EBITDA | $201M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $143M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $58M |
| Change in Working Capital | $78M |
| OPERATING CASH FLOW | $287M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $1.0K |
| Purchases of Investments | -$350M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$372M |
| Net Debt Issuance | $336M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $209M |
| FREE CASH FLOW | $269M |
| Net Change in Cash | $113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $854M |
| Short-Term Investments | $350M |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $372M |
| Goodwill | $1.8B |
| Intangible Assets | $67M |
| Long-Term Investments | $0 |
| Tax Assets | $259M |
| Other Non-Current Assets | $708M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $28M |
| Short-Term Debt | $438M |
| Deferred Revenue | $203M |
| Other Current Liabilities | $474M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $47M |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $296M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$861M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $1.8B |
| Net Debt | $911M |
