| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $971M | $1.0B | $1.3B | -5.4% | -26.8% |
| Op. Income | -$100M | $31M | $254M | -424.6% | -139.6% |
| Gross Margin | 51.6% | 54.7% | 59.6% | -3.1pp | -7.9pp |
| Net Margin | -15.9% | -5.2% | 11.7% | -10.7pp | -27.6pp |
| EPS (Diluted) | $-0.29 | $-0.10 | $0.28 | -190.9% | -203.6% |
| Free Cash Flow | $192M | $253M | $390M | -24.3% | -50.8% |
| Item | Amount |
|---|---|
| REVENUE | $971M |
| Cost of Revenue | $469M |
| GROSS PROFIT | $501M |
| R&D Expenses | $255M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $152M |
| Other Expenses | $194M |
| Operating Expenses | $601M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$100M |
| Interest Income | $3M |
| Interest Expense | $68M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | -$168M |
| Income Tax Expense | -$14M |
| Net Income from Continuing Ops | -$155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$157M |
| D&A | $187M |
| EBIT | -$100M |
| EBITDA | $87M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$155M |
| Depreciation & Amortization | $187M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $152M |
| OPERATING CASH FLOW | $206M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$42M |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$245M |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | $36M |
| FREE CASH FLOW | $192M |
| Net Change in Cash | $186M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $772M |
| Short-Term Investments | $0 |
| Net Receivables | $690M |
| Inventory | $1.3B |
| Other Current Assets | $236M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $1.2B |
| Goodwill | $6.7B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $0 |
| Tax Assets | $1.7B |
| Other Non-Current Assets | $398M |
| TOTAL NON-CURRENT ASSETS | $12.4B |
| TOTAL ASSETS | $15.4B |
| Account Payables | $161M |
| Short-Term Debt | $0 |
| Deferred Revenue | $213M |
| Other Current Liabilities | $438M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $34M |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $8.3B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | $5.8B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.1B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $5.7B |
| Net Debt | $4.9B |
