| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $505M | $444M | $481M | 13.6% | 5.0% |
| Op. Income | $73M | $56M | $63M | 29.9% | 16.2% |
| Gross Margin | 33.3% | 33.8% | 32.1% | -0.5pp | 1.2pp |
| Net Margin | 10.4% | 9.3% | 9.3% | 1.2pp | 1.2pp |
| EPS (Diluted) | $3.03 | $2.40 | $2.55 | 26.2% | 18.8% |
| Free Cash Flow | -$10M | $73M | -$42M | -113.4% | 76.9% |
| Item | Amount |
|---|---|
| REVENUE | $505M |
| Cost of Revenue | $337M |
| GROSS PROFIT | $168M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $2M |
| Operating Expenses | $95M |
| Cost & Expenses | $432M |
| OPERATING INCOME | $73M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $11M |
| EBIT | $73M |
| EBITDA | $84M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $505M |
| Cost of Revenue | $337M |
| GROSS PROFIT | $168M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $2M |
| Operating Expenses | $95M |
| Cost & Expenses | $432M |
| OPERATING INCOME | $73M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $11M |
| EBIT | $73M |
| EBITDA | $84M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $562.0K |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$32.0K |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $0 |
| Net Receivables | $838M |
| Inventory | $407M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $127M |
| Goodwill | $387M |
| Intangible Assets | $183M |
| Long-Term Investments | $932.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $120M |
| TOTAL NON-CURRENT ASSETS | $818M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $281M |
| Short-Term Debt | $186M |
| Deferred Revenue | $146M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $697M |
| Long-Term Debt | $464M |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $87M |
| TOTAL NON-CURRENT LIABILITIES | $593M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $30M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $942M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $951M |
| Minority Interest | $0 |
| TOTAL EQUITY | $951M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $682M |
| Net Debt | $576M |
