| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $554M | $590M | $526M | -6.2% | 5.4% |
| Op. Income | $854.0K | $22M | $8M | -96.1% | -88.9% |
| Gross Margin | 9.3% | 12.0% | 10.8% | -2.7pp | -1.5pp |
| Net Margin | 0.9% | 1.8% | 0.6% | -0.9pp | 0.3pp |
| EPS (Diluted) | $0.22 | $0.47 | $0.15 | -53.2% | 46.7% |
| Free Cash Flow | -$31M | $40M | $32M | -177.4% | -196.9% |
| Item | Amount |
|---|---|
| REVENUE | $554M |
| Cost of Revenue | $502M |
| GROSS PROFIT | $52M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | -$2M |
| Operating Expenses | $51M |
| Cost & Expenses | $553M |
| OPERATING INCOME | $854.0K |
| Interest Income | $242.0K |
| Interest Expense | $3M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | -$65.0K |
| 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 | $33M |
| EBIT | $8M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $554M |
| Cost of Revenue | $502M |
| GROSS PROFIT | $52M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | -$2M |
| Operating Expenses | $51M |
| Cost & Expenses | $553M |
| OPERATING INCOME | $854.0K |
| Interest Income | $242.0K |
| Interest Expense | $3M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | -$65.0K |
| 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 | $33M |
| EBIT | $8M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | $27M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $56M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $3.0K |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133M |
| Short-Term Investments | $0 |
| Net Receivables | $388M |
| Inventory | $299M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $859M |
| PP&E (Net) | $1.3B |
| Goodwill | $93M |
| Intangible Assets | $40M |
| Long-Term Investments | $21M |
| Tax Assets | $44M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $262M |
| Short-Term Debt | $301M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $666M |
| Long-Term Debt | $341M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $447M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $27M |
| Additional Paid-In Capital | $260M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$190M |
| Accum. Other Comp. Income | -$139M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $691M |
| Net Debt | $558M |
