| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | — | $1.0B | — | 6.0% |
| Op. Income | $417M | — | $341M | — | 22.3% |
| Gross Margin | 51.3% | — | 48.3% | — | 3.0pp |
| Net Margin | 9.6% | — | 12.0% | — | -2.4pp |
| EPS (Diluted) | $0.35 | — | $0.38 | — | -8.4% |
| Free Cash Flow | -$652M | — | -$165M | — | -296.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $520M |
| GROSS PROFIT | $549M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $652M |
| OPERATING INCOME | $417M |
| Interest Income | $0 |
| Interest Expense | $282M |
| Other Income/Expenses | -$271M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $94M |
| EBIT | $417M |
| EBITDA | $511M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $520M |
| GROSS PROFIT | $549M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $652M |
| OPERATING INCOME | $417M |
| Interest Income | $0 |
| Interest Expense | $282M |
| Other Income/Expenses | -$271M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $94M |
| EBIT | $417M |
| EBITDA | $511M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $362M |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | -$604M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | -$18M |
| Other Investing Activities | -$1 |
| NET CASH FROM INVESTING | -$146M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$121M |
| Common Dividends Paid | -$39M |
| Other Financing Activities | $786M |
| NET CASH FROM FINANCING | $624M |
| FREE CASH FLOW | -$652M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $374M |
| Short-Term Investments | $979M |
| Net Receivables | $11.7B |
| Inventory | $0 |
| Other Current Assets | $991.4K |
| TOTAL CURRENT ASSETS | $13.1B |
| PP&E (Net) | $511M |
| Goodwill | $46M |
| Intangible Assets | $593M |
| Long-Term Investments | $590M |
| Tax Assets | $18M |
| Other Non-Current Assets | $150M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $15.0B |
| Account Payables | $2.3B |
| Short-Term Debt | $7.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $305M |
| TOTAL CURRENT LIABILITIES | $9.6B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $361M |
| Other Non-Current Liabilities | $129M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $12.0B |
| Common Stock | $5.2K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.3B |
| Treasury Stock | -$268M |
| Accum. Other Comp. Income | $935M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $15.0B |
| Total Debt | $8.9B |
| Net Debt | $8.6B |
