| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $1.9B | 5.0% | -2.7% |
| Op. Income | $136M | $119M | $9M | 14.3% | 1411.1% |
| Gross Margin | 33.1% | 34.1% | 34.2% | -1.0pp | -1.1pp |
| Net Margin | -16.6% | 1.2% | -2.8% | -17.8pp | -13.8pp |
| EPS (Diluted) | $-0.75 | $0.05 | $-0.13 | -1612.1% | -476.9% |
| Free Cash Flow | $91M | $315M | $54M | -71.1% | 68.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $628M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $514M |
| Other Expenses | -$22M |
| Operating Expenses | $492M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $136M |
| Interest Income | $0 |
| Interest Expense | $84M |
| Other Income/Expenses | -$495M |
| INCOME BEFORE TAX | -$359M |
| Income Tax Expense | -$44M |
| Net Income from Continuing Ops | -$315M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$315M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$315M |
| D&A | $80M |
| EBIT | -$275M |
| EBITDA | -$195M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$315M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$82M |
| Other Non-Cash Items | $452M |
| Change in Working Capital | $106M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | -$70M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$107M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | -$160M |
| FREE CASH FLOW | $91M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $0 |
| Net Receivables | $987M |
| Inventory | $1.3B |
| Other Current Assets | $237M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.1B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $825M |
| Other Non-Current Assets | $785M |
| TOTAL NON-CURRENT ASSETS | $8.0B |
| TOTAL ASSETS | $10.7B |
| Account Payables | $931M |
| Short-Term Debt | $243M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $340M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $8.3B |
| Common Stock | $447M |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | -$3.2B |
| Treasury Stock | -$644M |
| Accum. Other Comp. Income | -$990M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $10.7B |
| Total Debt | $5.7B |
| Net Debt | $5.4B |
