| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.4B | -3.8% | -5.8% |
| Op. Income | $22M | $14M | $64M | 65.2% | -65.2% |
| Gross Margin | 37.6% | 37.2% | 38.8% | 0.4pp | -1.2pp |
| Net Margin | 2.4% | 3.2% | 3.9% | -0.7pp | -1.5pp |
| EPS (Diluted) | $0.32 | $0.43 | $0.53 | -25.6% | -39.6% |
| Free Cash Flow | $171M | $64M | $141M | 168.7% | 21.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $813M |
| GROSS PROFIT | $490M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $467M |
| Other Expenses | $0 |
| Operating Expenses | $467M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $22M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $19M |
| EBIT | $22M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $813M |
| GROSS PROFIT | $490M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $467M |
| Other Expenses | $0 |
| Operating Expenses | $467M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $22M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $19M |
| EBIT | $22M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $123M |
| OPERATING CASH FLOW | $183M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$24.0K |
| Common Dividends Paid | -$59M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$59M |
| FREE CASH FLOW | $171M |
| Net Change in Cash | $99M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $464M |
| Short-Term Investments | $0 |
| Net Receivables | $748M |
| Inventory | $0 |
| Other Current Assets | $830M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $332M |
| Goodwill | $251M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $134M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $757M |
| TOTAL ASSETS | $2.9B |
| Account Payables | $137M |
| Short-Term Debt | $70M |
| Deferred Revenue | $22M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $176M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$156M |
| TOTAL NON-CURRENT LIABILITIES | $196M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $101.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $421M |
| Net Debt | -$43M |
