| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $631M | $588M | $708M | 7.2% | -11.0% |
| Op. Income | $36M | $34M | $39M | 6.8% | -8.4% |
| Gross Margin | 18.6% | 19.5% | 19.2% | -0.9pp | -0.6pp |
| Net Margin | 1.8% | 1.7% | 0.7% | 0.0pp | 1.1pp |
| EPS (Diluted) | $0.22 | $0.21 | $0.09 | 4.8% | 139.7% |
| Free Cash Flow | $137M | -$21M | $147M | 766.0% | -6.9% |
| Item | Amount |
|---|---|
| REVENUE | $631M |
| Cost of Revenue | $513M |
| GROSS PROFIT | $117M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $81M |
| Other Expenses | $0 |
| Operating Expenses | $81M |
| Cost & Expenses | $595M |
| OPERATING INCOME | $36M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $19M |
| EBIT | $36M |
| EBITDA | $55M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $631M |
| Cost of Revenue | $513M |
| GROSS PROFIT | $117M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $81M |
| Other Expenses | $0 |
| Operating Expenses | $81M |
| Cost & Expenses | $595M |
| OPERATING INCOME | $36M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $19M |
| EBIT | $36M |
| EBITDA | $55M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$800.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $116M |
| OPERATING CASH FLOW | $146M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $24M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | -$101M |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$104M |
| FREE CASH FLOW | $137M |
| Net Change in Cash | $57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $295M |
| Inventory | $144M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $538M |
| PP&E (Net) | $530M |
| Goodwill | $108M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $715M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $342M |
| Short-Term Debt | $71M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $212M |
| TOTAL CURRENT LIABILITIES | $624M |
| Long-Term Debt | $323M |
| Deferred Revenue NC | $100.0K |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $123M |
| TOTAL NON-CURRENT LIABILITIES | $500M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $846M |
| Retained Earnings | -$623M |
| Treasury Stock | -$36M |
| Accum. Other Comp. Income | -$60M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $129M |
| Minority Interest | $0 |
| TOTAL EQUITY | $129M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $444M |
| Net Debt | $381M |
