| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $972M | $953M | $1.0B | 1.9% | -3.3% |
| Op. Income | $62M | $206M | $84M | -69.9% | -26.1% |
| Gross Margin | 38.4% | 38.0% | 40.9% | 0.4pp | -2.5pp |
| Net Margin | 4.5% | 14.9% | 5.5% | -10.4pp | -1.0pp |
| EPS (Diluted) | $0.10 | $0.33 | $0.13 | -69.9% | -23.6% |
| Free Cash Flow | $56M | $185M | $44M | -69.7% | 28.9% |
| Item | Amount |
|---|---|
| REVENUE | $972M |
| Cost of Revenue | $599M |
| GROSS PROFIT | $373M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $152M |
| Other Expenses | $147M |
| Operating Expenses | $311M |
| Cost & Expenses | $909M |
| OPERATING INCOME | $62M |
| Interest Income | $8M |
| Interest Expense | $11M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $59M |
| EBIT | $35M |
| EBITDA | $94M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $972M |
| Cost of Revenue | $599M |
| GROSS PROFIT | $373M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $152M |
| Other Expenses | $147M |
| Operating Expenses | $311M |
| Cost & Expenses | $909M |
| OPERATING INCOME | $62M |
| Interest Income | $8M |
| Interest Expense | $11M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $59M |
| EBIT | $35M |
| EBITDA | $94M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | $119M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $145M |
| Capital Expenditure | -$89M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$94M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $563M |
| Short-Term Investments | $0 |
| Net Receivables | $329M |
| Inventory | $347M |
| Other Current Assets | $363M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $2.2B |
| Goodwill | $194M |
| Intangible Assets | $146M |
| Long-Term Investments | $0 |
| Tax Assets | $885M |
| Other Non-Current Assets | $65M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $233M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $182M |
| TOTAL CURRENT LIABILITIES | $810M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $121M |
| Other Non-Current Liabilities | $963M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $222M |
| Additional Paid-In Capital | $272M |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$58M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $1.2B |
| Net Debt | $642M |
