| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | — | -2.1% | — |
| Op. Income | -$4M | -$28M | — | 85.5% | — |
| Gross Margin | 5.0% | 4.8% | — | 0.2pp | — |
| Net Margin | -0.8% | -3.1% | — | 2.3pp | — |
| EPS (Diluted) | $-0.02 | $-0.10 | — | 74.8% | — |
| Free Cash Flow | $259M | $71M | — | 263.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $58M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $62M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$4M |
| Interest Income | $2M |
| Interest Expense | $18M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | -$6M |
| 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 | $221M |
| EBIT | $3M |
| EBITDA | $223M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $221M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $191M |
| OPERATING CASH FLOW | $398M |
| Capital Expenditure | -$139M |
| Acquisitions (Net) | $11M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$130M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$212.0K |
| Common Dividends Paid | -$30M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $259M |
| Net Change in Cash | $234M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $421M |
| Short-Term Investments | $0 |
| Net Receivables | $776M |
| Inventory | $160M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $2.7B |
| Goodwill | $487M |
| Intangible Assets | $815M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $139M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $471M |
| Short-Term Debt | $0 |
| Deferred Revenue | $79M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $864M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $216M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $5M |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $6M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $1.3B |
| Net Debt | $860M |
