| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.8B | $4.4B | -5.1% | 3.3% |
| Op. Income | $204M | $493M | $307M | -58.6% | -33.4% |
| Gross Margin | 9.5% | 13.9% | 12.7% | -4.4pp | -3.2pp |
| Net Margin | 1.9% | 7.2% | 5.4% | -5.3pp | -3.4pp |
| EPS (Diluted) | $0.37 | $1.44 | $0.99 | -74.3% | -62.6% |
| Free Cash Flow | $21M | $276M | $190M | -92.3% | -88.8% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $429M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $215M |
| Other Expenses | $9M |
| Operating Expenses | $224M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $204M |
| Interest Income | $6M |
| Interest Expense | $39M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $122M |
| EBIT | $214M |
| EBITDA | $335M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $429M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $215M |
| Other Expenses | $9M |
| Operating Expenses | $224M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $204M |
| Interest Income | $6M |
| Interest Expense | $39M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $122M |
| EBIT | $214M |
| EBITDA | $335M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $88M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $44M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $291M |
| Capital Expenditure | -$270M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$269M |
| Net Debt Issuance | -$462.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$462.0K |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $640M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $2.0B |
| Other Current Assets | $284M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $3.8B |
| Goodwill | $1.3B |
| Intangible Assets | $832M |
| Long-Term Investments | $0 |
| Tax Assets | $31M |
| Other Non-Current Assets | $113M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $10.3B |
| Account Payables | $1.4B |
| Short-Term Debt | $924.0K |
| Deferred Revenue | $38M |
| Other Current Liabilities | $632M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $452M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $2.2B |
| Treasury Stock | -$545M |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $14M |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $10.3B |
| Total Debt | $3.4B |
| Net Debt | $2.7B |
