| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | — | $1.1B | — | -2.5% |
| Op. Income | $85M | — | $114M | — | -25.8% |
| Gross Margin | 32.6% | — | 33.9% | — | -1.3pp |
| Net Margin | -127.8% | — | -3.9% | — | -123.9pp |
| EPS (Diluted) | $-10.23 | — | $-0.32 | — | -3096.9% |
| Free Cash Flow | $149M | — | $275M | — | -45.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $747M |
| GROSS PROFIT | $362M |
| R&D Expenses | $22M |
| Selling & Marketing | $70M |
| General & Administrative | -$319M |
| SG&A Expenses | -$249M |
| Other Expenses | $505M |
| Operating Expenses | $278M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $85M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$1.4B |
| INCOME BEFORE TAX | -$1.3B |
| Income Tax Expense | $83M |
| Net Income from Continuing Ops | -$1.4B |
| Net Income from Discontinued Ops | -$4M |
| Other Adjustments | $0 |
| NET INCOME | -$1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.4B |
| D&A | $56M |
| EBIT | -$1.3B |
| EBITDA | -$1.2B |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$1.4B |
| Depreciation & Amortization | $56M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$37M |
| Other Non-Cash Items | $1.4B |
| Change in Working Capital | $159M |
| OPERATING CASH FLOW | $175M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$40M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $149M |
| Net Change in Cash | $100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $532M |
| Short-Term Investments | $0 |
| Net Receivables | $613M |
| Inventory | $1.1B |
| Other Current Assets | $504M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $1.1B |
| Goodwill | $2.1B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $25M |
| Tax Assets | $3M |
| Other Non-Current Assets | $236M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $8.5B |
| Account Payables | $475M |
| Short-Term Debt | $62M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $343M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $169M |
| Other Non-Current Liabilities | $511M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $6.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | -$9M |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $8.5B |
| Total Debt | $4.0B |
| Net Debt | $3.4B |
