| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $336M | $329M | $323M | 2.3% | 4.2% |
| Op. Income | $16M | $16M | $12M | -0.5% | 28.5% |
| Gross Margin | 29.5% | 29.9% | 29.6% | -0.4pp | -0.1pp |
| Net Margin | 3.5% | 3.5% | 2.8% | -0.0pp | 0.7pp |
| EPS (Diluted) | $0.51 | $0.50 | $0.39 | 2.0% | 30.8% |
| Free Cash Flow | $42M | -$4M | $18M | 1111.4% | 137.8% |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $237M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $76M |
| Operating Expenses | $84M |
| Cost & Expenses | $321M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $696.0K |
| Other Income/Expenses | -$696.0K |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $8M |
| EBIT | $16M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $237M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $76M |
| Operating Expenses | $84M |
| Cost & Expenses | $321M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $696.0K |
| Other Income/Expenses | -$696.0K |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $8M |
| EBIT | $16M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $860.0K |
| Deferred Income Tax | -$164.0K |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $49.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$35M |
| Common Stock Repurchased | $1M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $133M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $168M |
| PP&E (Net) | $485M |
| Goodwill | $5M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $502M |
| TOTAL ASSETS | $671M |
| Account Payables | $81M |
| Short-Term Debt | $41M |
| Deferred Revenue | $2M |
| Other Current Liabilities | -$28M |
| TOTAL CURRENT LIABILITIES | $159M |
| Long-Term Debt | $246M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | -$246M |
| TOTAL NON-CURRENT LIABILITIES | $299M |
| TOTAL LIABILITIES | $458M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $63M |
| Retained Earnings | $149M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $212M |
| Minority Interest | $0 |
| TOTAL EQUITY | $212M |
| TOTAL LIABILITIES & EQUITY | $671M |
| Total Debt | $332M |
| Net Debt | $315M |
