| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.2B | $1.2B | 15.2% | 16.1% |
| Op. Income | $66M | $9M | -$39M | 596.9% | 268.6% |
| Gross Margin | 43.5% | 43.4% | 42.7% | 0.1pp | 0.8pp |
| Net Margin | 5.8% | 2.0% | -3.0% | 3.7pp | 8.7pp |
| EPS (Diluted) | $0.53 | $0.16 | $-0.24 | 231.3% | 320.8% |
| Free Cash Flow | $222M | $126M | $77M | 75.2% | 188.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $788M |
| GROSS PROFIT | $607M |
| R&D Expenses | $185M |
| Selling & Marketing | $255M |
| General & Administrative | $101M |
| SG&A Expenses | $356M |
| Other Expenses | $0 |
| Operating Expenses | $541M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $66M |
| Interest Income | $0 |
| Interest Expense | $558.0K |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $17M |
| EBIT | $66M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $788M |
| GROSS PROFIT | $607M |
| R&D Expenses | $185M |
| Selling & Marketing | $255M |
| General & Administrative | $101M |
| SG&A Expenses | $356M |
| Other Expenses | $0 |
| Operating Expenses | $541M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $66M |
| Interest Income | $0 |
| Interest Expense | $558.0K |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $17M |
| EBIT | $66M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $285M |
| Change in Working Capital | -$160M |
| OPERATING CASH FLOW | $223M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $40M |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$165M |
| NET CASH FROM FINANCING | -$248M |
| FREE CASH FLOW | $222M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $730M |
| Net Receivables | $880M |
| Inventory | $115M |
| Other Current Assets | $90M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $434M |
| Goodwill | $309M |
| Intangible Assets | $50M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $238M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $159M |
| Short-Term Debt | $0 |
| Deferred Revenue | $121M |
| Other Current Liabilities | $958M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $436M |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$363M |
| TOTAL NON-CURRENT LIABILITIES | $538M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $872M |
| Net Debt | -$715M |
