| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $607M | $624M | $644M | -2.7% | -5.7% |
| Op. Income | $30M | -$32M | -$63M | 191.4% | 146.8% |
| Gross Margin | 54.1% | 51.0% | 48.5% | 3.1pp | 5.6pp |
| Net Margin | 3.6% | -7.6% | -4.7% | 11.2pp | 8.3pp |
| EPS (Diluted) | $0.05 | $-0.12 | $-0.08 | 144.3% | 165.1% |
| Free Cash Flow | $112M | $95M | $26M | 18.8% | 332.3% |
| Item | Amount |
|---|---|
| REVENUE | $607M |
| Cost of Revenue | $279M |
| GROSS PROFIT | $328M |
| R&D Expenses | $56M |
| Selling & Marketing | $81M |
| General & Administrative | $125M |
| SG&A Expenses | $206M |
| Other Expenses | $37M |
| Operating Expenses | $299M |
| Cost & Expenses | $577M |
| OPERATING INCOME | $30M |
| Interest Income | $9M |
| Interest Expense | $32M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $100.0K |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $21M |
| EBIT | $55M |
| EBITDA | $75M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $607M |
| Cost of Revenue | $279M |
| GROSS PROFIT | $328M |
| R&D Expenses | $56M |
| Selling & Marketing | $81M |
| General & Administrative | $125M |
| SG&A Expenses | $206M |
| Other Expenses | $37M |
| Operating Expenses | $299M |
| Cost & Expenses | $577M |
| OPERATING INCOME | $30M |
| Interest Income | $9M |
| Interest Expense | $32M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $100.0K |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $21M |
| EBIT | $55M |
| EBITDA | $75M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $117M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$400.0K |
| FREE CASH FLOW | $112M |
| Net Change in Cash | $125M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $101M |
| Inventory | $206M |
| Other Current Assets | $91M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $578M |
| Goodwill | $41M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $688M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $67M |
| Short-Term Debt | $209M |
| Deferred Revenue | $151M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $804M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.2B |
| Retained Earnings | -$5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$414M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$414M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $2.0B |
| Net Debt | $937M |
