| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.7B | $8.1B | $8.2B | -4.5% | -5.6% |
| Op. Income | -$78M | $15M | $2M | -620.0% | -4000.0% |
| Gross Margin | 13.4% | 13.4% | 13.7% | -0.0pp | -0.3pp |
| Net Margin | -1.1% | -0.1% | -0.5% | -1.0pp | -0.7pp |
| EPS (Diluted) | $-1.43 | $-0.12 | $-0.62 | -1091.7% | -130.6% |
| Free Cash Flow | $86M | $120M | $71M | -28.3% | 21.1% |
| Item | Amount |
|---|---|
| REVENUE | $7.7B |
| Cost of Revenue | $6.7B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.7B |
| General & Administrative | -$669M |
| SG&A Expenses | $1.0B |
| Other Expenses | $91M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $7.8B |
| OPERATING INCOME | -$78M |
| Interest Income | $1M |
| Interest Expense | $35M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | -$109M |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | -$86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$87M |
| D&A | $79M |
| EBIT | -$74M |
| EBITDA | $5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$87M |
| Depreciation & Amortization | $79M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$53M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $212M |
| OPERATING CASH FLOW | $160M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $24M |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$65M |
| Net Debt Issuance | -$101M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$103M |
| FREE CASH FLOW | $86M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $2.1B |
| Other Current Assets | $191M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $3.2B |
| Goodwill | $19M |
| Intangible Assets | $576M |
| Long-Term Investments | $7M |
| Tax Assets | $162M |
| Other Non-Current Assets | $185M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $1.9B |
| Short-Term Debt | $181M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $546M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $169M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $658M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$86M |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $3M |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $3.5B |
| Net Debt | $3.4B |
