| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $707M | — | 56.3% | — |
| Op. Income | $577M | $235M | — | 145.3% | — |
| Gross Margin | 53.9% | 38.6% | — | 15.3pp | — |
| Net Margin | 37.4% | 19.7% | — | 17.6pp | — |
| EPS (Diluted) | $0.71 | $0.24 | — | 195.8% | — |
| Free Cash Flow | $603M | $207M | — | 191.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $509M |
| GROSS PROFIT | $596M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $4M |
| Operating Expenses | $19M |
| Cost & Expenses | $528M |
| OPERATING INCOME | $577M |
| Interest Income | $2M |
| Interest Expense | $28M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $528M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $452M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $413M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $413M |
| D&A | $140M |
| EBIT | $577M |
| EBITDA | $716M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $509M |
| GROSS PROFIT | $596M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $4M |
| Operating Expenses | $19M |
| Cost & Expenses | $528M |
| OPERATING INCOME | $577M |
| Interest Income | $2M |
| Interest Expense | $28M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $528M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $452M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $413M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $413M |
| D&A | $140M |
| EBIT | $577M |
| EBITDA | $716M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $413M |
| Depreciation & Amortization | $140M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | $89M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $692M |
| Capital Expenditure | -$88M |
| Acquisitions (Net) | -$31M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$2M |
| Other Investing Activities | -$27M |
| NET CASH FROM INVESTING | -$151M |
| Net Debt Issuance | -$368M |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$428M |
| FREE CASH FLOW | $603M |
| Net Change in Cash | $107M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $421M |
| Short-Term Investments | $998.2K |
| Net Receivables | $61M |
| Inventory | $376M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $902M |
| PP&E (Net) | $4.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $90M |
| Tax Assets | $494M |
| Other Non-Current Assets | $694M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $329M |
| Short-Term Debt | $33M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $55M |
| TOTAL CURRENT LIABILITIES | $516M |
| Long-Term Debt | $727M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $547M |
| Other Non-Current Liabilities | $228M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $3.4B |
| Additional Paid-In Capital | -$27M |
| Retained Earnings | $871M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $54M |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $840M |
| Net Debt | $419M |
