| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $784M | $706M | $598M | 11.0% | 31.2% |
| Op. Income | $146M | $118M | $109M | 24.3% | 33.9% |
| Gross Margin | 72.5% | 72.2% | 72.1% | 0.3pp | 0.4pp |
| Net Margin | 13.0% | 12.4% | 16.9% | 0.6pp | -3.9pp |
| EPS (Diluted) | $1.44 | $1.24 | $1.39 | 16.1% | 3.6% |
| Free Cash Flow | $48M | $105M | $92M | -54.0% | -47.4% |
| Item | Amount |
|---|---|
| REVENUE | $784M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $569M |
| R&D Expenses | $91M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $331M |
| Other Expenses | $0 |
| Operating Expenses | $422M |
| Cost & Expenses | $638M |
| OPERATING INCOME | $146M |
| Interest Income | $6M |
| Interest Expense | $20M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | -$200.0K |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $31M |
| EBIT | $146M |
| EBITDA | $177M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $784M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $569M |
| R&D Expenses | $91M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $331M |
| Other Expenses | $0 |
| Operating Expenses | $422M |
| Cost & Expenses | $638M |
| OPERATING INCOME | $146M |
| Interest Income | $6M |
| Interest Expense | $20M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | -$200.0K |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $31M |
| EBIT | $146M |
| EBITDA | $177M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $183M |
| Capital Expenditure | -$135M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$153M |
| Net Debt Issuance | -$81M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$800.0K |
| NET CASH FROM FINANCING | -$73M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $716M |
| Short-Term Investments | $0 |
| Net Receivables | $517M |
| Inventory | $453M |
| Other Current Assets | $203M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $863M |
| Goodwill | $52M |
| Intangible Assets | $117M |
| Long-Term Investments | $20M |
| Tax Assets | $82M |
| Other Non-Current Assets | $167M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $75M |
| Short-Term Debt | $22M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $360M |
| TOTAL CURRENT LIABILITIES | $680M |
| Long-Term Debt | $980M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$35M |
| TOTAL NON-CURRENT LIABILITIES | $995M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $287M |
| Treasury Stock | -$60M |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $1.1B |
| Net Debt | $335M |
