| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $475M | $458M | $453M | 3.8% | 5.0% |
| Op. Income | $39M | $50M | $42M | -22.0% | -6.7% |
| Gross Margin | 22.3% | 23.1% | 21.6% | -0.8pp | 0.8pp |
| Net Margin | 6.8% | 9.0% | 7.7% | -2.1pp | -0.8pp |
| EPS (Diluted) | $1.18 | $1.49 | $1.26 | -20.8% | -6.3% |
| Free Cash Flow | $74M | $74M | $19M | -0.8% | 298.8% |
| Item | Amount |
|---|---|
| REVENUE | $475M |
| Cost of Revenue | $369M |
| GROSS PROFIT | $106M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $5M |
| Operating Expenses | $67M |
| Cost & Expenses | $437M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $17M |
| EBIT | $44M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $475M |
| Cost of Revenue | $369M |
| GROSS PROFIT | $106M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $5M |
| Operating Expenses | $67M |
| Cost & Expenses | $437M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $17M |
| EBIT | $44M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$392.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$529.0K |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$112.0K |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $0 |
| Net Receivables | $99M |
| Inventory | $167M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $481M |
| PP&E (Net) | $530M |
| Goodwill | $208M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $759M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $105M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $167M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $37M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $260M |
| Common Stock | $157M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | -$785M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $980M |
| Minority Interest | $0 |
| TOTAL EQUITY | $980M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $42M |
| Net Debt | -$162M |
