| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $355M | $343M | $305M | 3.5% | 16.2% |
| Op. Income | $98M | $97M | $90M | 0.7% | 9.7% |
| Gross Margin | 38.0% | 36.3% | 53.3% | 1.7pp | -15.3pp |
| Net Margin | 24.6% | 22.7% | 25.4% | 2.0pp | -0.8pp |
| EPS (Diluted) | $0.88 | $0.77 | $0.80 | 14.3% | 10.0% |
| Free Cash Flow | -$86M | $79M | -$26M | -209.2% | -236.3% |
| Item | Amount |
|---|---|
| REVENUE | $355M |
| Cost of Revenue | $220M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $257M |
| OPERATING INCOME | $98M |
| Interest Income | $3M |
| Interest Expense | $15M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $805.4K |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $56M |
| EBIT | $104M |
| EBITDA | $160M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $355M |
| Cost of Revenue | $220M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $257M |
| OPERATING INCOME | $98M |
| Interest Income | $3M |
| Interest Expense | $15M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $805.4K |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $56M |
| EBIT | $104M |
| EBITDA | $160M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $56M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $133M |
| Capital Expenditure | -$219M |
| Acquisitions (Net) | $14M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$206M |
| Net Debt Issuance | $107M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$62M |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$86M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $163M |
| Short-Term Investments | $0 |
| Net Receivables | $238M |
| Inventory | $66M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $531M |
| PP&E (Net) | $2.8B |
| Goodwill | $2M |
| Intangible Assets | $4M |
| Long-Term Investments | $7M |
| Tax Assets | $299.3K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $41M |
| Short-Term Debt | $288M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $401M |
| Long-Term Debt | $713M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $199.6K |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $761M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $997.8K |
| Additional Paid-In Capital | $110M |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $302M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $1.0B |
| Net Debt | $848M |
