| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | -2.6% | -3.2% |
| Op. Income | $29M | $26M | $58M | 8.5% | -50.6% |
| Gross Margin | 13.2% | 13.2% | 19.6% | 0.1pp | -6.3pp |
| Net Margin | 2.0% | 1.6% | 3.8% | 0.4pp | -1.8pp |
| EPS (Diluted) | $0.70 | $0.56 | $1.31 | 25.0% | -46.6% |
| Free Cash Flow | $71M | $86M | $54M | -18.1% | 29.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $56M |
| SG&A Expenses | $56M |
| Other Expenses | $71M |
| Operating Expenses | $127M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $29M |
| Interest Income | $0 |
| Interest Expense | $240.0K |
| Other Income/Expenses | $759.0K |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $11M |
| EBIT | $30M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $56M |
| SG&A Expenses | $56M |
| Other Expenses | $71M |
| Operating Expenses | $127M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $29M |
| Interest Income | $0 |
| Interest Expense | $240.0K |
| Other Income/Expenses | $759.0K |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $11M |
| EBIT | $30M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $755.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $527.0K |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $621.0K |
| Common Stock Repurchased | -$37M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$50M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $397M |
| Short-Term Investments | $56M |
| Net Receivables | $723M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $261M |
| Goodwill | $34M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $124M |
| TOTAL NON-CURRENT ASSETS | $420M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $370M |
| Short-Term Debt | $28M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $298M |
| TOTAL CURRENT LIABILITIES | $696M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $111M |
| TOTAL NON-CURRENT LIABILITIES | $144M |
| TOTAL LIABILITIES | $840M |
| Common Stock | $686.0K |
| Additional Paid-In Capital | $261M |
| Retained Earnings | $2.9B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $796M |
| Minority Interest | $0 |
| TOTAL EQUITY | $796M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $28M |
| Net Debt | -$368M |
