| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $6.7B | $6.1B | -3.3% | 6.8% |
| Op. Income | $152M | $197M | $91M | -23.1% | 65.9% |
| Gross Margin | 11.8% | 11.6% | 11.1% | 0.2pp | 0.7pp |
| Net Margin | 1.4% | 1.9% | 0.8% | -0.5pp | 0.6pp |
| EPS (Diluted) | $0.58 | $0.81 | $0.32 | -28.4% | 81.2% |
| Free Cash Flow | $19M | -$151M | $200M | 112.5% | -90.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $5.7B |
| GROSS PROFIT | $762M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $611M |
| Other Expenses | $0 |
| Operating Expenses | $611M |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $82M |
| EBIT | $143M |
| EBITDA | $224M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $5.7B |
| GROSS PROFIT | $762M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $611M |
| Other Expenses | $0 |
| Operating Expenses | $611M |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $82M |
| EBIT | $143M |
| EBITDA | $224M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $90M |
| Depreciation & Amortization | $77M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $106M |
| Change in Working Capital | -$150M |
| OPERATING CASH FLOW | $146M |
| Capital Expenditure | -$128M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $180.0K |
| NET CASH FROM INVESTING | -$113M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | -$99M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$49M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $247M |
| Short-Term Investments | $0 |
| Net Receivables | $189M |
| Inventory | $3.9B |
| Other Current Assets | $707M |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $4.3B |
| Goodwill | $141M |
| Intangible Assets | $0 |
| Long-Term Investments | $17.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $376M |
| TOTAL NON-CURRENT ASSETS | $22.3B |
| TOTAL ASSETS | $27.4B |
| Account Payables | $978M |
| Short-Term Debt | $487M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$15M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $18.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $155M |
| TOTAL NON-CURRENT LIABILITIES | $19.0B |
| TOTAL LIABILITIES | $21.2B |
| Common Stock | $77M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $4.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $27.4B |
| Total Debt | $19.4B |
| Net Debt | $19.2B |
