| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | — | $1.6B | — | 6.2% |
| Op. Income | $99M | — | $147M | — | -32.7% |
| Gross Margin | 27.5% | — | 33.4% | — | -5.9pp |
| Net Margin | -4.3% | — | 4.4% | — | -8.7pp |
| EPS (Diluted) | $-0.06 | — | $0.06 | — | -194.3% |
| Free Cash Flow | $25M | — | $147M | — | -83.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $468M |
| R&D Expenses | $17M |
| Selling & Marketing | $286M |
| General & Administrative | $73M |
| SG&A Expenses | $359M |
| Other Expenses | -$7M |
| Operating Expenses | $369M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $99M |
| Interest Income | $48M |
| Interest Expense | $93M |
| Other Income/Expenses | -$160M |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73M |
| D&A | $157M |
| EBIT | $41M |
| EBITDA | $198M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$73M |
| Depreciation & Amortization | $157M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $132M |
| Change in Working Capital | $85M |
| OPERATING CASH FLOW | $301M |
| Capital Expenditure | -$276M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$87M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $910.8K |
| NET CASH FROM INVESTING | -$365M |
| Net Debt Issuance | $67M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$68M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | -$65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $291M |
| Short-Term Investments | $205M |
| Net Receivables | $1.6B |
| Inventory | $1.9B |
| Other Current Assets | $110M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $6.8B |
| Goodwill | $552M |
| Intangible Assets | $403M |
| Long-Term Investments | $64M |
| Tax Assets | $180M |
| Other Non-Current Assets | $265M |
| TOTAL NON-CURRENT ASSETS | $8.2B |
| TOTAL ASSETS | $12.4B |
| Account Payables | $1.2B |
| Short-Term Debt | $876M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $841M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $502M |
| Other Non-Current Liabilities | $657M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $214M |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $260M |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $12.4B |
| Total Debt | $2.8B |
| Net Debt | $2.5B |
