| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $326M | $333M | $349M | -2.0% | -6.6% |
| Op. Income | $24M | $41M | $51M | -41.1% | -53.0% |
| Gross Margin | 26.5% | 28.5% | 25.7% | -1.9pp | 0.8pp |
| Net Margin | 1.8% | 6.6% | 6.3% | -4.8pp | -4.5pp |
| EPS (Diluted) | $0.30 | $1.15 | $1.13 | -73.9% | -73.5% |
| Free Cash Flow | $16M | $37M | -$153.0K | -57.5% | 10428.1% |
| Item | Amount |
|---|---|
| REVENUE | $326M |
| Cost of Revenue | $240M |
| GROSS PROFIT | $87M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $19M |
| SG&A Expenses | $33M |
| Other Expenses | $30M |
| Operating Expenses | $63M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $24M |
| Interest Income | $330.0K |
| Interest Expense | $19M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $15M |
| EBIT | $23M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $326M |
| Cost of Revenue | $240M |
| GROSS PROFIT | $87M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $19M |
| SG&A Expenses | $33M |
| Other Expenses | $30M |
| Operating Expenses | $63M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $24M |
| Interest Income | $330.0K |
| Interest Expense | $19M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $15M |
| EBIT | $23M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $672.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $3.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$75.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $90M |
| Inventory | $4M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $220M |
| PP&E (Net) | $1.8B |
| Goodwill | $136M |
| Intangible Assets | $115M |
| Long-Term Investments | $47M |
| Tax Assets | $41M |
| Other Non-Current Assets | $218M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $71M |
| Short-Term Debt | $29M |
| Deferred Revenue | $393.0K |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $431M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $125M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $830.0K |
| Additional Paid-In Capital | $542M |
| Retained Earnings | $1.8B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$938M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$938M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $3.1B |
| Net Debt | $3.1B |
