| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $418M | $431M | $386M | -3.0% | 8.3% |
| Op. Income | -$12M | -$146.0K | -$10M | -7826.0% | -11.2% |
| Gross Margin | 20.1% | 22.7% | 26.6% | -2.6pp | -6.5pp |
| Net Margin | -7.5% | -0.4% | -3.0% | -7.1pp | -4.5pp |
| EPS (Diluted) | $-1.06 | $-0.06 | $-0.40 | -1553.7% | -165.0% |
| Free Cash Flow | -$7M | -$23M | $854.0K | 67.9% | -977.5% |
| Item | Amount |
|---|---|
| REVENUE | $418M |
| Cost of Revenue | $334M |
| GROSS PROFIT | $84M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $95M |
| Other Expenses | $514.0K |
| Operating Expenses | $95M |
| Cost & Expenses | $430M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $7M |
| EBIT | -$12M |
| EBITDA | -$4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$196.0K |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $32.0K |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $300.0K |
| NET CASH FROM INVESTING | $30.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$124.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $241M |
| Inventory | $0 |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $298M |
| PP&E (Net) | $73M |
| Goodwill | $42M |
| Intangible Assets | $18M |
| Long-Term Investments | $155M |
| Tax Assets | $0 |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $341M |
| TOTAL ASSETS | $639M |
| Account Payables | $36M |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $90M |
| TOTAL CURRENT LIABILITIES | $139M |
| Long-Term Debt | $113M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $226M |
| TOTAL LIABILITIES | $364M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $296M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $275M |
| Minority Interest | $0 |
| TOTAL EQUITY | $275M |
| TOTAL LIABILITIES & EQUITY | $639M |
| Total Debt | $171M |
| Net Debt | $146M |
