| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $409M | — | $297M | — | 37.8% |
| Op. Income | $178M | — | $162M | — | 9.5% |
| Gross Margin | 54.3% | — | 54.0% | — | 0.2pp |
| Net Margin | 25.9% | — | 35.9% | — | -9.9pp |
| EPS (Diluted) | $0.70 | — | $0.73 | — | -3.8% |
| Free Cash Flow | $15M | — | $64M | — | -76.0% |
| Item | Amount |
|---|---|
| REVENUE | $409M |
| Cost of Revenue | $187M |
| GROSS PROFIT | $222M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $345 |
| Operating Expenses | $44M |
| Cost & Expenses | $231M |
| OPERATING INCOME | $178M |
| Interest Income | $8M |
| Interest Expense | $24M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $46M |
| EBIT | $178M |
| EBITDA | $223M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $409M |
| Cost of Revenue | $187M |
| GROSS PROFIT | $222M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $345 |
| Operating Expenses | $44M |
| Cost & Expenses | $231M |
| OPERATING INCOME | $178M |
| Interest Income | $8M |
| Interest Expense | $24M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $46M |
| EBIT | $178M |
| EBITDA | $223M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$80M |
| OPERATING CASH FLOW | $102M |
| Capital Expenditure | -$86M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$112M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$198M |
| Net Debt Issuance | $728M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$174.3K |
| NET CASH FROM FINANCING | $722M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $524M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $579M |
| Short-Term Investments | $723M |
| Net Receivables | $159M |
| Inventory | $141M |
| Other Current Assets | $1 |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $2.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $37.3K |
| Other Non-Current Assets | $6.8K |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $72M |
| Short-Term Debt | $153M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $322M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $99M |
| Deferred Tax Liabilities | $173M |
| Other Non-Current Liabilities | $1 |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $542.2K |
| Additional Paid-In Capital | $699M |
| Retained Earnings | $303M |
| Treasury Stock | -$52M |
| Accum. Other Comp. Income | $1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $2.0K |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $1.2B |
| Net Debt | $626M |