| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $258M | $248M | $238M | 4.2% | 8.5% |
| Op. Income | $47M | $22M | $27M | 117.3% | 77.8% |
| Gross Margin | 43.8% | 44.8% | 45.5% | -0.9pp | -1.6pp |
| Net Margin | 6.8% | 4.3% | 6.9% | 2.5pp | -0.2pp |
| EPS (Diluted) | $0.45 | $0.30 | $0.46 | 50.0% | -2.2% |
| Free Cash Flow | $5M | $4M | $59M | 21.9% | -91.3% |
| Item | Amount |
|---|---|
| REVENUE | $258M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $113M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | -$9M |
| Operating Expenses | $66M |
| Cost & Expenses | $211M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $17M |
| EBIT | $26M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $258M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $113M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | -$9M |
| Operating Expenses | $66M |
| Cost & Expenses | $211M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $17M |
| EBIT | $26M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $59.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$308M |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$895.6K |
| NET CASH FROM FINANCING | $288M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $292M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $381M |
| Short-Term Investments | $0 |
| Net Receivables | $185M |
| Inventory | $188M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $783M |
| PP&E (Net) | $160M |
| Goodwill | $647M |
| Intangible Assets | $181M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $95M |
| Short-Term Debt | $49M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $212M |
| Long-Term Debt | $251M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | -$30M |
| TOTAL NON-CURRENT LIABILITIES | $280M |
| TOTAL LIABILITIES | $493M |
| Common Stock | $424M |
| Additional Paid-In Capital | $572M |
| Retained Earnings | $321M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $342M |
| Net Debt | -$39M |
