| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $410M | $454M | $427M | -9.7% | -3.9% |
| Op. Income | $11M | $61M | $40M | -81.1% | -71.2% |
| Gross Margin | 31.7% | 33.0% | 31.8% | -1.3pp | -0.0pp |
| Net Margin | 2.8% | 9.7% | 6.9% | -7.0pp | -4.2pp |
| EPS (Diluted) | $0.58 | $2.26 | $1.52 | -74.3% | -61.8% |
| Free Cash Flow | $45M | $28M | $29M | 57.3% | 53.9% |
| Item | Amount |
|---|---|
| REVENUE | $410M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $130M |
| R&D Expenses | $1M |
| Selling & Marketing | $75M |
| General & Administrative | $19M |
| SG&A Expenses | $94M |
| Other Expenses | $24M |
| Operating Expenses | $119M |
| Cost & Expenses | $399M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $755.0K |
| Other Income/Expenses | $493.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $579.0K |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $19M |
| EBIT | $13M |
| EBITDA | $32M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $410M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $130M |
| R&D Expenses | $1M |
| Selling & Marketing | $75M |
| General & Administrative | $19M |
| SG&A Expenses | $94M |
| Other Expenses | $24M |
| Operating Expenses | $119M |
| Cost & Expenses | $399M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $755.0K |
| Other Income/Expenses | $493.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $579.0K |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $19M |
| EBIT | $13M |
| EBITDA | $32M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $66M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12.0K |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$56.0K |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $0 |
| Net Receivables | $184M |
| Inventory | $175M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $478M |
| PP&E (Net) | $1.2B |
| Goodwill | $185M |
| Intangible Assets | $106M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$549M |
| TOTAL NON-CURRENT ASSETS | $903M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $82M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $92M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $239M |
| TOTAL LIABILITIES | $415M |
| Common Stock | $139M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $840M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $967M |
| Minority Interest | $0 |
| TOTAL EQUITY | $967M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $164M |
| Net Debt | $58M |
