| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.2B | 0.7% | 6.3% |
| Op. Income | $76M | $123M | $107M | -37.8% | -28.3% |
| Gross Margin | 75.1% | 75.0% | 77.8% | 0.1pp | -2.7pp |
| Net Margin | 6.7% | 3.4% | 14.7% | 3.3pp | -8.1pp |
| EPS (Diluted) | $0.81 | $0.42 | $1.74 | 92.9% | -53.4% |
| Free Cash Flow | $80M | $118M | $44M | -32.4% | 81.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $319M |
| GROSS PROFIT | $964M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $887M |
| Other Expenses | $0 |
| Operating Expenses | $887M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $76M |
| Interest Income | $2M |
| Interest Expense | $51M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | -$35M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | -$100.0K |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $29M |
| EBIT | $76M |
| EBITDA | $106M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $319M |
| GROSS PROFIT | $964M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $887M |
| Other Expenses | $0 |
| Operating Expenses | $887M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $76M |
| Interest Income | $2M |
| Interest Expense | $51M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | -$35M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | -$100.0K |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $29M |
| EBIT | $76M |
| EBITDA | $106M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $85M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$70M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$200.0K |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $254M |
| Common Stock Repurchased | $8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$295M |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $353M |
| Short-Term Investments | $0 |
| Net Receivables | $92M |
| Inventory | $512M |
| Other Current Assets | $188M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $616M |
| Goodwill | $101M |
| Intangible Assets | $315M |
| Long-Term Investments | $25M |
| Tax Assets | $464M |
| Other Non-Current Assets | $121M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $100M |
| Short-Term Debt | $56M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $836M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | -$20M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $316M |
| Retained Earnings | -$580M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$252M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$515M |
| Minority Interest | $6M |
| TOTAL EQUITY | -$509M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $2.3B |
| Net Debt | $2.0B |
