| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $286M | — | — | — | — |
| Op. Income | $34M | — | — | — | — |
| Gross Margin | -27.7% | — | — | — | — |
| Net Margin | 5.0% | — | — | — | — |
| EPS (Diluted) | $0.04 | — | — | — | — |
| Free Cash Flow | $46M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $286M |
| Cost of Revenue | $366M |
| GROSS PROFIT | -$79M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$114M |
| Operating Expenses | -$114M |
| Cost & Expenses | $252M |
| OPERATING INCOME | $34M |
| Interest Income | $4M |
| Interest Expense | $42M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $573.0K |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $127M |
| EBIT | $56M |
| EBITDA | $184M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $139M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$87M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $613M |
| NET CASH FROM INVESTING | $526M |
| Net Debt Issuance | -$586M |
| Common Stock Repurchased | -$379.0K |
| Common Dividends Paid | -$84M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$676M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $257M |
| Inventory | $0 |
| Other Current Assets | $144M |
| TOTAL CURRENT ASSETS | $606M |
| PP&E (Net) | $205M |
| Goodwill | $0 |
| Intangible Assets | $20M |
| Long-Term Investments | $456M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.9B |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $0 |
| Short-Term Debt | $120M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $226M |
| TOTAL CURRENT LIABILITIES | $346M |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $161M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $4M |
| Additional Paid-In Capital | $9.1B |
| Retained Earnings | $128M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | -$4.6B |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $60M |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $4.1B |
| Net Debt | $4.1B |
