| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $772M | $699M | $729M | 10.5% | 5.9% |
| Op. Income | $112M | $82M | $132M | 36.5% | -15.5% |
| Gross Margin | 43.8% | 53.6% | 49.3% | -9.8pp | -5.5pp |
| Net Margin | 12.7% | 6.7% | 13.0% | 6.1pp | -0.3pp |
| EPS (Diluted) | $0.87 | $0.40 | $0.78 | 117.5% | 11.5% |
| Free Cash Flow | $163M | $120M | $150M | 35.8% | 8.9% |
| Item | Amount |
|---|---|
| REVENUE | $772M |
| Cost of Revenue | $434M |
| GROSS PROFIT | $338M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $168M |
| Other Expenses | $0 |
| Operating Expenses | $226M |
| Cost & Expenses | $660M |
| OPERATING INCOME | $112M |
| Interest Income | $6M |
| Interest Expense | $24M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $103M |
| EBIT | $115M |
| EBITDA | $218M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $772M |
| Cost of Revenue | $434M |
| GROSS PROFIT | $338M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $168M |
| Other Expenses | $0 |
| Operating Expenses | $226M |
| Cost & Expenses | $660M |
| OPERATING INCOME | $112M |
| Interest Income | $6M |
| Interest Expense | $24M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $103M |
| EBIT | $115M |
| EBITDA | $218M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $98M |
| Depreciation & Amortization | $103M |
| Stock-Based Compensation | -$4M |
| Deferred Income Tax | -$61M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $183M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$356.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $75.0K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$363.0K |
| Common Stock Repurchased | -$168M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$176M |
| FREE CASH FLOW | $163M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $920M |
| Short-Term Investments | $0 |
| Net Receivables | $745M |
| Inventory | $379M |
| Other Current Assets | $196M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $645M |
| Goodwill | $6.6B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $322M |
| TOTAL NON-CURRENT ASSETS | $9.9B |
| TOTAL ASSETS | $12.2B |
| Account Payables | $185M |
| Short-Term Debt | $589M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $557M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $659M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $7.3B |
| TOTAL STOCKHOLDERS' EQUITY | $7.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.3B |
| TOTAL LIABILITIES & EQUITY | $12.2B |
| Total Debt | $3.5B |
| Net Debt | $2.6B |
