| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $247M | $241M | — | 2.4% | — |
| Op. Income | $33M | $38M | — | -11.3% | — |
| Gross Margin | -12.0% | 39.2% | — | -51.2pp | — |
| Net Margin | 3.6% | 11.4% | — | -7.8pp | — |
| EPS (Diluted) | $0.10 | $0.34 | — | -70.6% | — |
| Free Cash Flow | $31M | $30M | — | 2.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $277M |
| GROSS PROFIT | -$30M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $47M |
| SG&A Expenses | $47M |
| Other Expenses | -$110M |
| Operating Expenses | -$63M |
| Cost & Expenses | $214M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $20M |
| EBIT | $42M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $66.0K |
| Change in Working Capital | $16.0K |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $38M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$48M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $31M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $107M |
| NET CASH FROM FINANCING | $132M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $0 |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $59M |
| Goodwill | $417M |
| Intangible Assets | $315M |
| Long-Term Investments | $18M |
| Tax Assets | $46M |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $884M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $20M |
| Short-Term Debt | $1M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $82.0K |
| Additional Paid-In Capital | $14M |
| Retained Earnings | -$91M |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | -$210.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$100M |
| Minority Interest | $8M |
| TOTAL EQUITY | -$92M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.0B |
| Net Debt | $969M |
