FY 2025 Earnings

Reported December 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.5B	—	13.7%
Op. Income	$168M	—	$137M	—	22.8%
Gross Margin	27.8%	—	24.8%	—	3.0pp
Net Margin	4.5%	—	4.4%	—	0.2pp
EPS (Diluted)	$1.87	—	$1.27	—	47.2%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$466M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$298M
Other Expenses	$0
Operating Expenses	$298M
Cost & Expenses	$1.5B
OPERATING INCOME	$168M
Interest Income	$6M
Interest Expense	$61M
Other Income/Expenses	-$55M
INCOME BEFORE TAX	$113M
Income Tax Expense	$37M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$126M
EBIT	$168M
EBITDA	$295M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$466M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$298M
Other Expenses	$0
Operating Expenses	$298M
Cost & Expenses	$1.5B
OPERATING INCOME	$168M
Interest Income	$6M
Interest Expense	$61M
Other Income/Expenses	-$55M
INCOME BEFORE TAX	$113M
Income Tax Expense	$37M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$126M
EBIT	$168M
EBITDA	$295M
EPS	$2
EPS Diluted	$2

Balance Sheet

Item	Amount
Cash & Equivalents	$297M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$244M
TOTAL CURRENT ASSETS	$541M
PP&E (Net)	$2.4B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$326M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$3.3B
Account Payables	$356M
Short-Term Debt	$219M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$574M
Long-Term Debt	$883M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$221M
Other Non-Current Liabilities	$270M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$1.9B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$1.3B
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$1.1B
Net Debt	$805M