| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $979M | $976M | — | 0.3% | — |
| Op. Income | $8M | -$18M | — | 144.8% | — |
| Gross Margin | 20.9% | 18.2% | — | 2.7pp | — |
| Net Margin | -0.0% | -3.7% | — | 3.7pp | — |
| EPS (Diluted) | $-0.00 | $-0.04 | — | 99.5% | — |
| Free Cash Flow | $3M | -$42M | — | 106.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $979M |
| Cost of Revenue | $775M |
| GROSS PROFIT | $204M |
| R&D Expenses | $60M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $136M |
| Other Expenses | $1 |
| Operating Expenses | $196M |
| Cost & Expenses | $971M |
| OPERATING INCOME | $8M |
| Interest Income | $12M |
| Interest Expense | $32M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$286.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $2 |
| NET INCOME | -$28.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28.5K |
| D&A | $10M |
| EBIT | $8M |
| EBITDA | $18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28.5K |
| Depreciation & Amortization | $1.9B |
| Stock-Based Compensation | -$46M |
| Deferred Income Tax | $392.7K |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$1.9B |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$71M |
| Sales/Maturities of Investments | $172M |
| Other Investing Activities | -$230M |
| NET CASH FROM INVESTING | -$137M |
| Net Debt Issuance | $183M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$111M |
| NET CASH FROM FINANCING | $72M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $640M |
| Short-Term Investments | $46M |
| Net Receivables | $401M |
| Inventory | $0 |
| Other Current Assets | $417M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $204M |
| Goodwill | $559M |
| Intangible Assets | $904M |
| Long-Term Investments | $284M |
| Tax Assets | $3M |
| Other Non-Current Assets | $3.4B |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $973M |
| Short-Term Debt | $698M |
| Deferred Revenue | $608M |
| Other Current Liabilities | $947M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $80M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $63.2K |
| Additional Paid-In Capital | $8.2B |
| Retained Earnings | -$6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $191M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | -$1M |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $2.3B |
| Net Debt | $1.6B |
