| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $984M | $917M | — | 7.3% | — |
| Op. Income | $73M | $68M | — | 7.2% | — |
| Gross Margin | 7.4% | 7.4% | — | -0.0pp | — |
| Net Margin | -9.2% | -0.8% | — | -8.4pp | — |
| EPS (Diluted) | $-1.17 | $-0.09 | — | -1194.2% | — |
| Free Cash Flow | $159M | $119M | — | 33.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $984M |
| Cost of Revenue | $911M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $911M |
| OPERATING INCOME | $73M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | -$132M |
| INCOME BEFORE TAX | -$59M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | -$75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$90M |
| D&A | $129M |
| EBIT | $73M |
| EBITDA | $201M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$90M |
| Depreciation & Amortization | $129M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $69M |
| Change in Working Capital | $57M |
| OPERATING CASH FLOW | $174M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $216.9K |
| NET CASH FROM INVESTING | $476.0K |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$67M |
| NET CASH FROM FINANCING | -$162M |
| FREE CASH FLOW | $159M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $428M |
| Short-Term Investments | $0 |
| Net Receivables | $462M |
| Inventory | $494M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $5.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $545M |
| Tax Assets | $15M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $541M |
| Short-Term Debt | $154M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $720M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $323M |
| Other Non-Current Liabilities | $157M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $730M |
| Additional Paid-In Capital | $2M |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $283M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $3.5B |
| Net Debt | $3.1B |
