| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $508M | — | — | — | — |
| Op. Income | $6M | — | — | — | — |
| Gross Margin | 35.2% | — | — | — | — |
| Net Margin | -9.3% | — | — | — | — |
| EPS (Diluted) | $-0.30 | — | — | — | — |
| Free Cash Flow | $23M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $508M |
| Cost of Revenue | $329M |
| GROSS PROFIT | $179M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $248M |
| Other Expenses | -$75M |
| Operating Expenses | $173M |
| Cost & Expenses | $502M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | -$47M |
| Income Tax Expense | $129.0K |
| Net Income from Continuing Ops | -$47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | -$307.0K |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $51M |
| EBIT | $2M |
| EBITDA | $54M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $155M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | -$47M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $33M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$48M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $205M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $275M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $440M |
| Short-Term Investments | $0 |
| Net Receivables | $521M |
| Inventory | $0 |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $316M |
| Goodwill | $1.6B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $60M |
| Short-Term Debt | $59M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $195M |
| TOTAL CURRENT LIABILITIES | $319M |
| Long-Term Debt | $66M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $223M |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$194M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $125M |
| Net Debt | -$314M |
