| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $6.3B | $5.8B | -4.0% | 4.1% |
| Op. Income | $48M | $334M | $249M | -85.6% | -80.6% |
| Gross Margin | 32.1% | 37.4% | 35.9% | -5.3pp | -3.8pp |
| Net Margin | -10.1% | 3.6% | 2.3% | -13.8pp | -12.4pp |
| EPS (Diluted) | $-4.39 | $1.62 | $0.96 | -371.0% | -557.3% |
| Free Cash Flow | $261M | $240M | -$27M | 8.6% | 1075.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$878M |
| INCOME BEFORE TAX | -$830M |
| Income Tax Expense | -$220M |
| Net Income from Continuing Ops | -$609M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$609M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$609M |
| D&A | $172M |
| EBIT | -$790M |
| EBITDA | -$618M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$609M |
| Depreciation & Amortization | $172M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$257M |
| Other Non-Cash Items | $881M |
| Change in Working Capital | $194M |
| OPERATING CASH FLOW | $380M |
| Capital Expenditure | -$119M |
| Acquisitions (Net) | -$104M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$59.0K |
| NET CASH FROM INVESTING | -$224M |
| Net Debt Issuance | $31M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$143M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$116M |
| FREE CASH FLOW | $261M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $477M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $6.1B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $10.6B |
| PP&E (Net) | $4.3B |
| Goodwill | $3.2B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $930M |
| TOTAL NON-CURRENT ASSETS | $10.2B |
| TOTAL ASSETS | $20.8B |
| Account Payables | $6.1B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $9.8B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $386M |
| Other Non-Current Liabilities | -$796M |
| TOTAL NON-CURRENT LIABILITIES | $6.6B |
| TOTAL LIABILITIES | $16.4B |
| Common Stock | $138M |
| Additional Paid-In Capital | $228M |
| Retained Earnings | $4.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$512M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $17M |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $20.8B |
| Total Debt | $8.3B |
| Net Debt | $7.8B |
