| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $541M | $580M | — | -6.8% | — |
| Op. Income | $11M | $14M | — | -21.7% | — |
| Gross Margin | 8.7% | 10.5% | — | -1.8pp | — |
| Net Margin | 1.7% | 1.2% | — | 0.5pp | — |
| EPS (Diluted) | $0.07 | $0.05 | — | 31.7% | — |
| Free Cash Flow | $128M | $51M | — | 151.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $541M |
| Cost of Revenue | $494M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $6.4B |
| General & Administrative | $29.3B |
| SG&A Expenses | $35.7B |
| Other Expenses | -$35.7B |
| Operating Expenses | $36M |
| Cost & Expenses | $530M |
| OPERATING INCOME | $11M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $3M |
| EBIT | $13M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $541M |
| Cost of Revenue | $494M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $6.4B |
| General & Administrative | $29.3B |
| SG&A Expenses | $35.7B |
| Other Expenses | -$35.7B |
| Operating Expenses | $36M |
| Cost & Expenses | $530M |
| OPERATING INCOME | $11M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $3M |
| EBIT | $13M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $100M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$93M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$91M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $128M |
| Net Change in Cash | $38M |
