| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $843M | $884M | $812M | -4.7% | 3.7% |
| Op. Income | $97M | $105M | $90M | -7.8% | 7.2% |
| Gross Margin | 42.9% | 44.1% | 44.7% | -1.2pp | -1.8pp |
| Net Margin | 3.4% | 4.1% | 1.7% | -0.7pp | 1.7pp |
| EPS (Diluted) | $1.46 | $1.83 | $0.69 | -20.2% | 111.6% |
| Free Cash Flow | $52M | $83M | -$70M | -37.6% | 174.4% |
| Item | Amount |
|---|---|
| REVENUE | $843M |
| Cost of Revenue | $481M |
| GROSS PROFIT | $361M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $265M |
| Other Expenses | $0 |
| Operating Expenses | $265M |
| Cost & Expenses | $746M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $54M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $0 |
| EBIT | $97M |
| EBITDA | $97M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $843M |
| Cost of Revenue | $481M |
| GROSS PROFIT | $361M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $265M |
| Other Expenses | $0 |
| Operating Expenses | $265M |
| Cost & Expenses | $746M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $54M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $0 |
| EBIT | $97M |
| EBITDA | $97M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $26M |
| Other Non-Cash Items | $41M |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | $96M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$374.0K |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$56M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$57M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $121M |
| Inventory | $819M |
| Other Current Assets | $127M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $3.0B |
| Goodwill | $144M |
| Intangible Assets | $80M |
| Long-Term Investments | $120M |
| Tax Assets | $0 |
| Other Non-Current Assets | $430M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $198M |
| Short-Term Debt | $25M |
| Deferred Revenue | $339M |
| Other Current Liabilities | $200M |
| TOTAL CURRENT LIABILITIES | $931M |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $410M |
| Retained Earnings | -$386M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $61M |
| Minority Interest | $0 |
| TOTAL EQUITY | $61M |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $4.0B |
| Net Debt | $3.9B |
