| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.6B | $4.4B | 1.7% | 7.1% |
| Op. Income | $81M | $67M | $68M | 21.0% | 18.2% |
| Gross Margin | 16.3% | 16.8% | 17.2% | -0.5pp | -0.9pp |
| Net Margin | 0.6% | 0.4% | 0.5% | 0.3pp | 0.1pp |
| EPS (Diluted) | $0.64 | $0.38 | $0.47 | 68.4% | 36.2% |
| Free Cash Flow | $168M | $45M | $236M | 275.8% | -28.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $767M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $686M |
| Other Expenses | $0 |
| Operating Expenses | $686M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $81M |
| Interest Income | $6M |
| Interest Expense | $23M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $21M |
| EBIT | $88M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $767M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $686M |
| Other Expenses | $0 |
| Operating Expenses | $686M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $81M |
| Interest Income | $6M |
| Interest Expense | $23M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $21M |
| EBIT | $88M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $139M |
| OPERATING CASH FLOW | $179M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $400.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $460M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$33M |
| Other Financing Activities | -$200.0K |
| NET CASH FROM FINANCING | $426M |
| FREE CASH FLOW | $168M |
| Net Change in Cash | $596M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $871M |
| Short-Term Investments | $0 |
| Net Receivables | $4.8B |
| Inventory | $0 |
| Other Current Assets | $149M |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $516M |
| Goodwill | $1.5B |
| Intangible Assets | $430M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $879M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $2.7B |
| Short-Term Debt | $732M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $205M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | $3.7B |
| Treasury Stock | -$4.8B |
| Accum. Other Comp. Income | -$412M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $700.0K |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $2.4B |
| Net Debt | $1.5B |
