| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $282M | — | — | — | — |
| Op. Income | $123M | — | — | — | — |
| Gross Margin | 51.8% | — | — | — | — |
| Net Margin | -32.2% | — | — | — | — |
| EPS (Diluted) | $-0.22 | — | — | — | — |
| Free Cash Flow | $5M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $282M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $146M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $112M |
| Other Expenses | -$89M |
| Operating Expenses | $23M |
| Cost & Expenses | $159M |
| OPERATING INCOME | $123M |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$202M |
| INCOME BEFORE TAX | -$78M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$91M |
| D&A | $17M |
| EBIT | $76M |
| EBITDA | $227M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$91M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $55M |
| Other Non-Cash Items | -$43M |
| Change in Working Capital | $81M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $602M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $604M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $612M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $0 |
| Net Receivables | $254M |
| Inventory | $0 |
| Other Current Assets | $667M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $208M |
| Goodwill | $1.5B |
| Intangible Assets | $415M |
| Long-Term Investments | $30M |
| Tax Assets | $58M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $114M |
| Short-Term Debt | $696M |
| Deferred Revenue | $188M |
| Other Current Liabilities | $288M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $42.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$58M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $553M |
| Minority Interest | $48M |
| TOTAL EQUITY | $601M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $2.0B |
| Net Debt | $1.9B |
