| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $464M | $91M | $103M | 411.8% | 349.6% |
| Op. Income | $34M | -$2M | $2M | 1942.2% | 2087.3% |
| Gross Margin | 26.5% | 11.2% | 11.5% | 15.4pp | 15.0pp |
| Net Margin | 1.1% | -15.6% | -108.4% | 16.7pp | 109.5pp |
| EPS (Diluted) | $0.12 | $-0.30 | $-40.63 | 140.0% | 100.3% |
| Item | Amount |
|---|---|
| REVENUE | $464M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $123M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $89M |
| Cost & Expenses | $430M |
| OPERATING INCOME | $34M |
| Interest Income | -$1M |
| Interest Expense | $16M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $33M |
| EBIT | $34M |
| EBITDA | $67M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $464M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $123M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $89M |
| Cost & Expenses | $430M |
| OPERATING INCOME | $34M |
| Interest Income | -$1M |
| Interest Expense | $16M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $33M |
| EBIT | $34M |
| EBITDA | $67M |
| EPS | $0 |
| EPS Diluted | $0 |
| 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 |
