| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.1B | $2.1B | -4.7% | -3.7% |
| Op. Income | $1.7B | $137M | $136M | 1124.8% | 1133.8% |
| Gross Margin | 49.3% | 56.2% | 53.9% | -6.9pp | -4.6pp |
| Net Margin | 3.2% | 60.4% | 1.5% | -57.2pp | 1.7pp |
| EPS (Diluted) | $0.37 | $7.22 | $0.18 | -94.9% | 105.6% |
| Free Cash Flow | $32M | -$21M | $92M | 252.4% | -65.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $985M |
| R&D Expenses | $176M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $759M |
| Other Expenses | -$1.6B |
| Operating Expenses | -$693M |
| Cost & Expenses | $320M |
| OPERATING INCOME | $1.7B |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $380M |
| EBIT | $109M |
| EBITDA | $489M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $985M |
| R&D Expenses | $176M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $759M |
| Other Expenses | -$1.6B |
| Operating Expenses | -$693M |
| Cost & Expenses | $320M |
| OPERATING INCOME | $1.7B |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $380M |
| EBIT | $109M |
| EBITDA | $489M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $63M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $95M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$683M |
| NET CASH FROM INVESTING | -$746M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$115M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$764M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $878M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $1.1B |
| Other Current Assets | $881M |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $1.3B |
| Goodwill | $5.7B |
| Intangible Assets | $2.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $813M |
| TOTAL NON-CURRENT ASSETS | $10.4B |
| TOTAL ASSETS | $14.3B |
| Account Payables | $687M |
| Short-Term Debt | $0 |
| Deferred Revenue | $621M |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $164M |
| Other Non-Current Liabilities | $910M |
| TOTAL NON-CURRENT LIABILITIES | $6.1B |
| TOTAL LIABILITIES | $9.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$625M |
| Other Equity | $3.9B |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $14.3B |
| Total Debt | $5.0B |
| Net Debt | $4.2B |
