| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.4B | 6.5% | -2.2% |
| Op. Income | $265M | $214M | $242M | 23.9% | 9.8% |
| Gross Margin | 63.6% | 62.7% | 63.0% | 1.0pp | 0.6pp |
| Net Margin | 2.2% | 7.4% | 18.2% | -5.2pp | -16.0pp |
| EPS (Diluted) | $0.11 | $0.35 | $0.91 | -68.6% | -87.9% |
| Free Cash Flow | $125M | $365M | $143M | -65.6% | -12.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $484M |
| GROSS PROFIT | $848M |
| R&D Expenses | $190M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $392M |
| Other Expenses | $0 |
| Operating Expenses | $582M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $265M |
| Interest Income | $11M |
| Interest Expense | $92M |
| Other Income/Expenses | -$254M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | -$18M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $163M |
| EBIT | $127M |
| EBITDA | $290M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $484M |
| GROSS PROFIT | $848M |
| R&D Expenses | $190M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $392M |
| Other Expenses | $0 |
| Operating Expenses | $582M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $265M |
| Interest Income | $11M |
| Interest Expense | $92M |
| Other Income/Expenses | -$254M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | -$18M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $163M |
| EBIT | $127M |
| EBITDA | $290M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $163M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$48M |
| Other Non-Cash Items | $102M |
| Change in Working Capital | -$87M |
| OPERATING CASH FLOW | $160M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $9.1K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $142.5K |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$211M |
| Common Dividends Paid | -$68M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$279M |
| FREE CASH FLOW | $125M |
| Net Change in Cash | -$119M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $846M |
| Inventory | $0 |
| Other Current Assets | $196M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $573M |
| Goodwill | $7.5B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $162M |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $263M |
| TOTAL NON-CURRENT ASSETS | $11.6B |
| TOTAL ASSETS | $13.8B |
| Account Payables | $136M |
| Short-Term Debt | $36M |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $283M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $6.3B |
| Deferred Revenue NC | $169M |
| Deferred Tax Liabilities | $142M |
| Other Non-Current Liabilities | $254M |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.9B |
| Treasury Stock | -$138M |
| Accum. Other Comp. Income | -$67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $2M |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $13.8B |
| Total Debt | $6.6B |
| Net Debt | $5.5B |
