| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $313M | $299M | $274M | 4.8% | 14.1% |
| Op. Income | $39M | $38M | $22M | 1.9% | 76.1% |
| Gross Margin | 31.3% | 40.1% | 39.9% | -8.8pp | -8.6pp |
| Net Margin | 9.5% | 10.5% | 3.2% | -1.0pp | 6.3pp |
| EPS (Diluted) | $0.32 | $0.33 | $0.10 | -3.0% | 236.5% |
| Free Cash Flow | $10M | $42M | $20M | -76.4% | -51.3% |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $274M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$508.0K |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $16M |
| EBIT | $43M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $274M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$508.0K |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $16M |
| EBIT | $43M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $228.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $212M |
| Short-Term Investments | $0 |
| Net Receivables | $254M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $509M |
| PP&E (Net) | $149M |
| Goodwill | $220M |
| Intangible Assets | $153M |
| Long-Term Investments | $0 |
| Tax Assets | $12M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $542M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $45M |
| Short-Term Debt | $41M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $163M |
| Long-Term Debt | $220M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $288M |
| TOTAL LIABILITIES | $451M |
| Common Stock | $1M |
| Additional Paid-In Capital | $755M |
| Retained Earnings | $58M |
| Treasury Stock | -$189M |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $600M |
| Minority Interest | $0 |
| TOTAL EQUITY | $600M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $298M |
| Net Debt | $86M |
