| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | $2.1B | 2.2% | -1.2% |
| Op. Income | $117M | $101M | $65M | 15.5% | 80.9% |
| Gross Margin | 23.4% | 21.7% | 21.2% | 1.7pp | 2.1pp |
| Net Margin | 2.5% | 2.5% | 1.8% | -0.0pp | 0.8pp |
| EPS (Diluted) | $1.67 | $1.62 | $0.99 | 3.1% | 68.7% |
| Free Cash Flow | $147M | $243M | $201M | -39.7% | -26.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $478M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $361M |
| Other Expenses | $0 |
| Operating Expenses | $361M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $117M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $29M |
| EBIT | $96M |
| EBITDA | $124M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $478M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $361M |
| Other Expenses | $0 |
| Operating Expenses | $361M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $117M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $29M |
| EBIT | $96M |
| EBITDA | $124M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $57M |
| OPERATING CASH FLOW | $154M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$285M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$292M |
| Net Debt Issuance | -$55M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $147M |
| Net Change in Cash | -$189M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $358M |
| Short-Term Investments | $0 |
| Net Receivables | $5.6B |
| Inventory | $161M |
| Other Current Assets | $261M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $188M |
| Goodwill | $1.2B |
| Intangible Assets | $426M |
| Long-Term Investments | $817M |
| Tax Assets | $0 |
| Other Non-Current Assets | $123M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $4.3B |
| Short-Term Debt | $225M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $615M |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $71M |
| Other Non-Current Liabilities | $902M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $7.4B |
| Common Stock | $310.0K |
| Additional Paid-In Capital | $165M |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $1.6B |
| Net Debt | $1.2B |
