| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $813M | $705M | $746M | 15.3% | 8.9% |
| Op. Income | $27M | $22M | $22M | 19.9% | 22.5% |
| Gross Margin | 12.9% | 14.2% | 13.0% | -1.3pp | -0.1pp |
| Net Margin | 2.5% | 2.5% | 2.2% | -0.0pp | 0.3pp |
| EPS (Diluted) | $0.85 | $0.74 | $0.64 | 14.9% | 32.8% |
| Free Cash Flow | $5M | $65M | $53M | -92.1% | -90.4% |
| Item | Amount |
|---|---|
| REVENUE | $813M |
| Cost of Revenue | $708M |
| GROSS PROFIT | $105M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $72M |
| Other Expenses | $7M |
| Operating Expenses | $78M |
| Cost & Expenses | $786M |
| OPERATING INCOME | $27M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $711.0K |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $7M |
| EBIT | $30M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $813M |
| Cost of Revenue | $708M |
| GROSS PROFIT | $105M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $72M |
| Other Expenses | $7M |
| Operating Expenses | $78M |
| Cost & Expenses | $786M |
| OPERATING INCOME | $27M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $711.0K |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $7M |
| EBIT | $30M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$810.0K |
| Other Non-Cash Items | $619.0K |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$69.0K |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $0 |
| Net Receivables | $735M |
| Inventory | $484M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $31M |
| Goodwill | $231M |
| Intangible Assets | $63M |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $415M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $599M |
| Short-Term Debt | $8M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $683M |
| Long-Term Debt | $128M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $58M |
| TOTAL NON-CURRENT LIABILITIES | $196M |
| TOTAL LIABILITIES | $879M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$114M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $906M |
| Minority Interest | $0 |
| TOTAL EQUITY | $906M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $147M |
| Net Debt | $21M |
