| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $274M | $240M | $251M | 14.0% | 9.1% |
| Op. Income | $32M | $25M | $27M | 26.4% | 17.5% |
| Gross Margin | 23.3% | 25.2% | 33.9% | -2.0pp | -10.6pp |
| Net Margin | 5.1% | 16.3% | 12.7% | -11.2pp | -7.6pp |
| EPS (Diluted) | $0.20 | $0.57 | $0.47 | -64.9% | -57.4% |
| Free Cash Flow | $43M | $37M | $29M | 18.6% | 50.8% |
| Item | Amount |
|---|---|
| REVENUE | $274M |
| Cost of Revenue | $210M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $242M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $654.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $15M |
| EBIT | $28M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $274M |
| Cost of Revenue | $210M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $242M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $654.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $15M |
| EBIT | $28M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $142M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$145M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $0 |
| Net Receivables | $238M |
| Inventory | $248M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $728M |
| PP&E (Net) | $211M |
| Goodwill | $100M |
| Intangible Assets | $116M |
| Long-Term Investments | $0 |
| Tax Assets | $102M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $540M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $61M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $68M |
| TOTAL CURRENT LIABILITIES | $148M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$38M |
| TOTAL NON-CURRENT LIABILITIES | $62M |
| TOTAL LIABILITIES | $211M |
| Common Stock | $691.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $285M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $768M |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $120M |
| Net Debt | -$83M |
