| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $468M | $494M | $444M | -5.1% | 5.5% |
| Op. Income | $35M | $47M | $29M | -24.5% | 21.4% |
| Gross Margin | 31.9% | 36.6% | 35.2% | -4.8pp | -3.3pp |
| Net Margin | 4.4% | 6.2% | 3.2% | -1.8pp | 1.2pp |
| EPS (Diluted) | $1.18 | $1.75 | $0.80 | -32.6% | 47.5% |
| Free Cash Flow | $34M | $54M | $41M | -36.7% | -16.2% |
| Item | Amount |
|---|---|
| REVENUE | $468M |
| Cost of Revenue | $319M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $114M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $433M |
| OPERATING INCOME | $35M |
| Interest Income | $603.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $24M |
| EBIT | $33M |
| EBITDA | $58M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $468M |
| Cost of Revenue | $319M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $114M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $433M |
| OPERATING INCOME | $35M |
| Interest Income | $603.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $24M |
| EBIT | $33M |
| EBITDA | $58M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $3.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $180M |
| Short-Term Investments | $0 |
| Net Receivables | $417M |
| Inventory | $266M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $921M |
| PP&E (Net) | $352M |
| Goodwill | $502M |
| Intangible Assets | $874M |
| Long-Term Investments | $107M |
| Tax Assets | $12M |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $199M |
| Short-Term Debt | $48M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $380M |
| Long-Term Debt | $858M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $141M |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $17M |
| Additional Paid-In Capital | $875M |
| Retained Earnings | $597M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$116M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $3M |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $929M |
| Net Debt | $749M |
