| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $213M | $227M | $213M | -6.2% | -0.0% |
| Op. Income | $55M | $70M | $52M | -21.2% | 5.4% |
| Gross Margin | 79.1% | 48.7% | 47.6% | 30.4pp | 31.6pp |
| Net Margin | 11.7% | 16.4% | 17.1% | -4.7pp | -5.4pp |
| EPS (Diluted) | $0.24 | $0.35 | $0.32 | -31.4% | -25.0% |
| Free Cash Flow | $75M | $79M | $81M | -5.2% | -6.7% |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $169M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $66M |
| Operating Expenses | $113M |
| Cost & Expenses | $158M |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $53M |
| EBIT | $55M |
| EBITDA | $108M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $169M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $66M |
| Operating Expenses | $113M |
| Cost & Expenses | $158M |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $53M |
| EBIT | $55M |
| EBITDA | $108M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $109M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | $30.0K |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$67M |
| FREE CASH FLOW | $75M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $74M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $277M |
| PP&E (Net) | $2.0B |
| Goodwill | $99M |
| Intangible Assets | $87M |
| Long-Term Investments | $57M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $18M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $112M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $131M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $881M |
| Retained Earnings | -$419M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $406.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $463M |
| Minority Interest | $0 |
| TOTAL EQUITY | $463M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.8B |
| Net Debt | $1.7B |
