| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $705M | $731M | $696M | -3.6% | 1.3% |
| Op. Income | $228M | $242M | $235M | -5.7% | -2.8% |
| Gross Margin | 55.4% | 54.9% | 53.9% | 0.4pp | 1.4pp |
| Net Margin | 25.0% | 25.2% | 26.2% | -0.3pp | -1.2pp |
| EPS (Diluted) | $1.53 | $1.59 | $1.56 | -3.8% | -1.9% |
| Free Cash Flow | $175M | $186M | $121M | -5.7% | 44.9% |
| Item | Amount |
|---|---|
| REVENUE | $705M |
| Cost of Revenue | $315M |
| GROSS PROFIT | $390M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $88M |
| SG&A Expenses | $88M |
| Other Expenses | $74M |
| Operating Expenses | $162M |
| Cost & Expenses | $476M |
| OPERATING INCOME | $228M |
| Interest Income | $671M |
| Interest Expense | $264M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $0 |
| EBIT | $228M |
| EBITDA | $228M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $705M |
| Cost of Revenue | $315M |
| GROSS PROFIT | $390M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $88M |
| SG&A Expenses | $88M |
| Other Expenses | $74M |
| Operating Expenses | $162M |
| Cost & Expenses | $476M |
| OPERATING INCOME | $228M |
| Interest Income | $671M |
| Interest Expense | $264M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $0 |
| EBIT | $228M |
| EBITDA | $228M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $176M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $105M |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | $206M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | -$150.0K |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $162M |
| Other Investing Activities | $436M |
| NET CASH FROM INVESTING | $562M |
| Net Debt Issuance | -$300M |
| Common Stock Repurchased | -$94M |
| Common Dividends Paid | -$51M |
| Other Financing Activities | -$600M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $175M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $0 |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $922M |
| Goodwill | $661M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $40.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $464M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$464M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $34.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $4.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $40.8B |
| Total Debt | $464M |
| Net Debt | $464M |
