| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.0B | -4.9% | 9.7% |
| Op. Income | -$35M | -$200.0K | $800.0K | -17400.0% | -4475.0% |
| Gross Margin | 15.4% | 17.2% | 18.8% | -1.8pp | -3.4pp |
| Net Margin | -3.4% | -1.3% | -0.4% | -2.2pp | -3.0pp |
| EPS (Diluted) | $-1.18 | $-0.46 | $-0.14 | -156.5% | -742.9% |
| Free Cash Flow | $92M | -$21M | $69M | 535.5% | 33.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $935M |
| GROSS PROFIT | $170M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $205M |
| Other Expenses | $0 |
| Operating Expenses | $205M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$35M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $21M |
| EBIT | -$35M |
| EBITDA | -$14M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $138M |
| OPERATING CASH FLOW | $113M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$37M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$50M |
| NET CASH FROM FINANCING | -$93M |
| FREE CASH FLOW | $92M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $477M |
| Inventory | $648M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $934M |
| Goodwill | $162M |
| Intangible Assets | $58M |
| Long-Term Investments | $0 |
| Tax Assets | $161M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $516M |
| Short-Term Debt | $41M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $668M |
| Long-Term Debt | $780M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $271M |
| Other Non-Current Liabilities | -$247M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $433M |
| Retained Earnings | $699M |
| Treasury Stock | -$237M |
| Accum. Other Comp. Income | -$142M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $753M |
| Minority Interest | $11M |
| TOTAL EQUITY | $764M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
