| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $202M | $208M | $192M | -3.3% | 4.8% |
| Op. Income | $15M | $16M | -$13M | -5.1% | 217.3% |
| Gross Margin | 31.5% | 31.0% | 32.1% | 0.5pp | -0.6pp |
| Net Margin | 2.3% | 4.1% | -0.3% | -1.8pp | 2.5pp |
| EPS (Diluted) | $0.25 | $0.48 | $-0.03 | -47.9% | 1029.4% |
| Free Cash Flow | $72M | $21M | $18M | 241.0% | 295.1% |
| Item | Amount |
|---|---|
| REVENUE | $202M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $64M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $187M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $100.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $5M |
| 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 | $15M |
| EBIT | $10M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $202M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $64M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $187M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $100.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $5M |
| 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 | $15M |
| EBIT | $10M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | -$40M |
| Stock-Based Compensation | -$9M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $90M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | $25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $200.0K |
| Sales/Maturities of Investments | -$1M |
| Other Investing Activities | -$28M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$53M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $197M |
| Short-Term Investments | $0 |
| Net Receivables | $163M |
| Inventory | $125M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $500M |
| PP&E (Net) | $392M |
| Goodwill | $303M |
| Intangible Assets | $99M |
| Long-Term Investments | $0 |
| Tax Assets | $67M |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $930M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $43M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $126M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $108M |
| TOTAL LIABILITIES | $234M |
| Common Stock | $18M |
| Additional Paid-In Capital | $106M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $22M |
| Net Debt | -$175M |
