| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $331M | $349M | $343M | -5.1% | -3.7% |
| Op. Income | $71M | $59M | $30M | 20.8% | 138.2% |
| Gross Margin | 58.4% | 57.4% | 55.0% | 1.0pp | 3.4pp |
| Net Margin | 17.5% | 10.8% | 5.9% | 6.8pp | 11.6pp |
| EPS (Diluted) | $1.17 | $0.74 | $0.40 | 58.1% | 192.5% |
| Free Cash Flow | $101M | $35M | $54M | 186.5% | 85.5% |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $193M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | -$9M |
| Operating Expenses | $122M |
| Cost & Expenses | $259M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $598.0K |
| Other Income/Expenses | -$598.0K |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $28M |
| EBIT | $71M |
| EBITDA | $100M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $193M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | -$9M |
| Operating Expenses | $122M |
| Cost & Expenses | $259M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $598.0K |
| Other Income/Expenses | -$598.0K |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $28M |
| EBIT | $71M |
| EBITDA | $100M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $117M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $46M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | -$702M |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$27.0K |
| NET CASH FROM FINANCING | -$151M |
| FREE CASH FLOW | $101M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $307M |
| Short-Term Investments | $0 |
| Net Receivables | $203M |
| Inventory | $365M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $935M |
| PP&E (Net) | $284M |
| Goodwill | $604M |
| Intangible Assets | $456M |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $164M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $67M |
| Short-Term Debt | $304M |
| Deferred Revenue | $43M |
| Other Current Liabilities | $105M |
| TOTAL CURRENT LIABILITIES | $578M |
| Long-Term Debt | $921M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $63M |
| Other Non-Current Liabilities | $68M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $482.0K |
| Additional Paid-In Capital | $523M |
| Retained Earnings | $352M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $821M |
| Minority Interest | $0 |
| TOTAL EQUITY | $821M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.2B |
| Net Debt | $918M |
