| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $309M | — | $277M | — | 11.6% |
| Op. Income | $9M | — | $8M | — | 12.0% |
| Gross Margin | 9.4% | — | 9.1% | — | 0.3pp |
| Net Margin | 2.0% | — | 2.1% | — | -0.1pp |
| EPS (Diluted) | $0.07 | — | $0.07 | — | 3.8% |
| Free Cash Flow | $19M | — | $12M | — | 67.8% |
| Item | Amount |
|---|---|
| REVENUE | $309M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $300M |
| OPERATING INCOME | $9M |
| Interest Income | $214.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $6M |
| EBIT | $9M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $309M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $300M |
| OPERATING INCOME | $9M |
| Interest Income | $214.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $6M |
| EBIT | $9M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $340.0K |
| Other Non-Cash Items | -$143.0K |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $158.0K |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $590.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $156M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $217M |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $18M |
| Tax Assets | $1M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $130M |
| TOTAL ASSETS | $347M |
| Account Payables | $90M |
| Short-Term Debt | $59M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $171M |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $247.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $208M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $84M |
| Retained Earnings | $47M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $132M |
| Minority Interest | $7M |
| TOTAL EQUITY | $139M |
| TOTAL LIABILITIES & EQUITY | $347M |
| Total Debt | $95M |
| Net Debt | $57M |
