| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | — | $1.8B | — | 23.3% |
| Op. Income | $625M | — | $407M | — | 53.4% |
| Gross Margin | 40.1% | — | 25.9% | — | 14.1pp |
| Net Margin | 17.8% | — | 8.9% | — | 8.8pp |
| EPS (Diluted) | $0.62 | — | $0.25 | — | 144.5% |
| Free Cash Flow | $327M | — | $249M | — | 31.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $889M |
| R&D Expenses | $0 |
| Selling & Marketing | $23M |
| General & Administrative | $47M |
| SG&A Expenses | $70M |
| Other Expenses | $193M |
| Operating Expenses | $264M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $625M |
| Interest Income | $29M |
| Interest Expense | $0 |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $655M |
| Income Tax Expense | $256M |
| Net Income from Continuing Ops | $399M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $394M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $394M |
| D&A | $146M |
| EBIT | $675M |
| EBITDA | $821M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $889M |
| R&D Expenses | $0 |
| Selling & Marketing | $23M |
| General & Administrative | $47M |
| SG&A Expenses | $70M |
| Other Expenses | $193M |
| Operating Expenses | $264M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $625M |
| Interest Income | $29M |
| Interest Expense | $0 |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $655M |
| Income Tax Expense | $256M |
| Net Income from Continuing Ops | $399M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $394M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $394M |
| D&A | $146M |
| EBIT | $675M |
| EBITDA | $821M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $394M |
| Depreciation & Amortization | $146M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $206M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $752M |
| Capital Expenditure | -$425M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$422M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$88M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$100M |
| FREE CASH FLOW | $327M |
| Net Change in Cash | -$567M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $791M |
| Short-Term Investments | $0 |
| Net Receivables | $242M |
| Inventory | $231M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $2.9B |
| Goodwill | $0 |
| Intangible Assets | $362.1K |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $466M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $406M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $338M |
| TOTAL CURRENT LIABILITIES | $748M |
| Long-Term Debt | $114M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $871M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $2.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $880M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $17M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $135M |
| Net Debt | -$656M |
