| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | — | $694M | — | 45.8% |
| Op. Income | $23M | — | $107M | — | -78.6% |
| Gross Margin | 10.7% | — | 26.6% | — | -16.0pp |
| Net Margin | -5.7% | — | 10.9% | — | -16.5pp |
| EPS (Diluted) | $-0.58 | — | $0.75 | — | -177.3% |
| Free Cash Flow | $143M | — | $63M | — | 127.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $904M |
| GROSS PROFIT | $108M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $989M |
| OPERATING INCOME | $23M |
| Interest Income | $3M |
| Interest Expense | $28M |
| Other Income/Expenses | -$85M |
| INCOME BEFORE TAX | -$62M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$58M |
| D&A | $189M |
| EBIT | -$34M |
| EBITDA | $155M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $189M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $67M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $207M |
| Capital Expenditure | -$64M |
| Acquisitions (Net) | $29M |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$127M |
| Common Stock Repurchased | $152.0K |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$169M |
| FREE CASH FLOW | $143M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $224M |
| Short-Term Investments | $21M |
| Net Receivables | $783M |
| Inventory | $324M |
| Other Current Assets | $113M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $4.4B |
| Goodwill | $183M |
| Intangible Assets | $486M |
| Long-Term Investments | $70M |
| Tax Assets | $0 |
| Other Non-Current Assets | $65M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $218M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $554M |
| TOTAL CURRENT LIABILITIES | $815M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $624M |
| Other Non-Current Liabilities | $130M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $11M |
| Additional Paid-In Capital | $513M |
| Retained Earnings | $2.6B |
| Treasury Stock | -$464M |
| Accum. Other Comp. Income | $45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $105M |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $2.3B |
| Net Debt | $2.1B |
