| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.3B | 1.3% | -5.9% |
| Op. Income | $21M | $50M | $27M | -58.0% | -22.2% |
| Gross Margin | 12.4% | 17.5% | 17.0% | -5.1pp | -4.5pp |
| Net Margin | -0.1% | 2.8% | -1.7% | -2.8pp | 1.7pp |
| EPS (Diluted) | $-0.02 | $0.71 | $-0.46 | -102.9% | 95.5% |
| Free Cash Flow | $43M | $55M | $537M | -21.8% | -92.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $155M |
| R&D Expenses | $16M |
| Selling & Marketing | $60M |
| General & Administrative | $58M |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $134M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $31M |
| EBIT | $21M |
| EBITDA | $52M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $48M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $580M |
| NET CASH FROM FINANCING | $511M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | $556M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $284M |
| Inventory | $0 |
| Other Current Assets | $521M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $47M |
| Goodwill | $461M |
| Intangible Assets | $153M |
| Long-Term Investments | $128M |
| Tax Assets | $0 |
| Other Non-Current Assets | $140M |
| TOTAL NON-CURRENT ASSETS | $929M |
| TOTAL ASSETS | $3.8B |
| Account Payables | $86M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.7B |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $932M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $55M |
| Other Non-Current Liabilities | $82M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $979M |
| Net Debt | -$1.0B |
