| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $406M | $437M | — | -7.1% | — |
| Op. Income | $62M | $87M | — | -28.1% | — |
| Gross Margin | 25.5% | 29.2% | — | -3.8pp | — |
| Net Margin | 10.7% | 13.1% | — | -2.4pp | — |
| EPS (Diluted) | $0.24 | $0.31 | — | -22.6% | — |
| Free Cash Flow | $34M | $68M | — | -50.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $406M |
| Cost of Revenue | $302M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $343M |
| OPERATING INCOME | $62M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $29M |
| EBIT | $62M |
| EBITDA | $91M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $406M |
| Cost of Revenue | $302M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $343M |
| OPERATING INCOME | $62M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $29M |
| EBIT | $62M |
| EBITDA | $91M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $3.1K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$79.2K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $679.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $212M |
| Short-Term Investments | $0 |
| Net Receivables | $154M |
| Inventory | $226M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $610M |
| PP&E (Net) | $996M |
| Goodwill | $222M |
| Intangible Assets | $30M |
| Long-Term Investments | $28M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $145M |
| Short-Term Debt | $17M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $201M |
| Long-Term Debt | $390M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $116M |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $659M |
| TOTAL LIABILITIES | $860M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1.0B |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $462M |
| Net Debt | $251M |
