| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $644M | $639M | $615M | 0.8% | 4.8% |
| Op. Income | $48M | $31M | $16M | 56.2% | 207.7% |
| Gross Margin | 71.4% | 71.8% | 71.0% | -0.4pp | 0.4pp |
| Net Margin | 3.6% | 2.7% | -1.2% | 0.8pp | 4.7pp |
| EPS (Diluted) | $0.26 | $0.19 | $-0.08 | 36.8% | 425.0% |
| Free Cash Flow | $190M | $144M | $112M | 32.0% | 69.8% |
| Item | Amount |
|---|---|
| REVENUE | $644M |
| Cost of Revenue | $184M |
| GROSS PROFIT | $460M |
| R&D Expenses | $78M |
| Selling & Marketing | $276M |
| General & Administrative | $58M |
| SG&A Expenses | $334M |
| Other Expenses | $0 |
| Operating Expenses | $412M |
| Cost & Expenses | $596M |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $56M |
| EBIT | $42M |
| EBITDA | $98M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $644M |
| Cost of Revenue | $184M |
| GROSS PROFIT | $460M |
| R&D Expenses | $78M |
| Selling & Marketing | $276M |
| General & Administrative | $58M |
| SG&A Expenses | $334M |
| Other Expenses | $0 |
| Operating Expenses | $412M |
| Cost & Expenses | $596M |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $56M |
| EBIT | $42M |
| EBITDA | $98M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $56M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $127M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | $34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | -$135M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$145M |
| FREE CASH FLOW | $190M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133M |
| Short-Term Investments | $0 |
| Net Receivables | $384M |
| Inventory | $0 |
| Other Current Assets | $248M |
| TOTAL CURRENT ASSETS | $765M |
| PP&E (Net) | $217M |
| Goodwill | $98M |
| Intangible Assets | $135M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $266M |
| TOTAL NON-CURRENT ASSETS | $716M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $28M |
| Short-Term Debt | $624M |
| Deferred Revenue | $269M |
| Other Current Liabilities | $298M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $843M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7M |
| TOTAL NON-CURRENT LIABILITIES | $851M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$588M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$588M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $1.5B |
| Net Debt | $1.3B |
