| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $706M | $651M | — | 8.5% | — |
| Op. Income | $119M | $92M | — | 29.6% | — |
| Gross Margin | 37.0% | 35.1% | — | 1.9pp | — |
| Net Margin | 8.0% | 5.7% | — | 2.2pp | — |
| EPS (Diluted) | $0.34 | $0.23 | — | 47.8% | — |
| Free Cash Flow | $87M | $48M | — | 79.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $706M |
| Cost of Revenue | $445M |
| GROSS PROFIT | $261M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $56M |
| SG&A Expenses | $56M |
| Other Expenses | $86M |
| Operating Expenses | $142M |
| Cost & Expenses | $587M |
| OPERATING INCOME | $119M |
| Interest Income | $3M |
| Interest Expense | $48M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $17M |
| NET INCOME | $56M |
| D&A | $24M |
| EBIT | $121M |
| EBITDA | $145M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $706M |
| Cost of Revenue | $445M |
| GROSS PROFIT | $261M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $56M |
| SG&A Expenses | $56M |
| Other Expenses | $86M |
| Operating Expenses | $142M |
| Cost & Expenses | $587M |
| OPERATING INCOME | $119M |
| Interest Income | $3M |
| Interest Expense | $48M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $17M |
| NET INCOME | $56M |
| D&A | $24M |
| EBIT | $121M |
| EBITDA | $145M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $56M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $3M |
| Sales/Maturities of Investments | -$2M |
| Other Investing Activities | -$472.0K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$550M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | $567M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | -$291M |
| Short-Term Investments | $0 |
| Net Receivables | $627M |
| Inventory | $0 |
| Other Current Assets | $646M |
| TOTAL CURRENT ASSETS | $981M |
| PP&E (Net) | $0 |
| Goodwill | $3.0B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $42M |
| Tax Assets | $0 |
| Other Non-Current Assets | $561M |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $93M |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $326M |
| TOTAL CURRENT LIABILITIES | $430M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $591M |
| Other Non-Current Liabilities | $106M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $168M |
| Additional Paid-In Capital | $29M |
| Retained Earnings | $3.2B |
| Treasury Stock | -$112M |
| Accum. Other Comp. Income | -$102M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $2.6B |
| Net Debt | $2.9B |
