| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $363M | $390M | $419M | -6.9% | -13.2% |
| Op. Income | -$252M | -$121M | $12M | -107.9% | -2195.2% |
| Gross Margin | 20.5% | 21.7% | 23.4% | -1.2pp | -2.9pp |
| Net Margin | -75.0% | -34.5% | -0.7% | -40.5pp | -74.3pp |
| EPS (Diluted) | $-3.06 | $-1.49 | $-0.03 | -105.4% | -10100.0% |
| Free Cash Flow | -$9M | -$2M | $31M | -289.8% | -128.9% |
| Item | Amount |
|---|---|
| REVENUE | $363M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $259M |
| Operating Expenses | $326M |
| Cost & Expenses | $615M |
| OPERATING INCOME | -$252M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$263M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | -$273M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$273M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$273M |
| D&A | $11M |
| EBIT | -$250M |
| EBITDA | -$239M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$273M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $249M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $197.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$33.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $154M |
| Inventory | $249M |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $530M |
| PP&E (Net) | $336M |
| Goodwill | $501M |
| Intangible Assets | $211M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $188M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $277M |
| Long-Term Debt | $697M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $851M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $47M |
| Treasury Stock | -$730M |
| Accum. Other Comp. Income | -$81M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $475M |
| Minority Interest | $0 |
| TOTAL EQUITY | $475M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $779M |
| Net Debt | $725M |
