| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $377M | $386M | $377M | -2.3% | 0.0% |
| Op. Income | $32M | $51M | $32M | -36.9% | 0.3% |
| Gross Margin | 20.0% | 28.2% | 30.9% | -8.3pp | -10.9pp |
| Net Margin | 4.9% | 13.3% | 8.4% | -8.5pp | -3.5pp |
| EPS (Diluted) | $0.61 | $1.72 | $1.07 | -64.5% | -43.0% |
| Free Cash Flow | $48M | -$6M | -$32M | 872.0% | 246.6% |
| Item | Amount |
|---|---|
| REVENUE | $377M |
| Cost of Revenue | $302M |
| GROSS PROFIT | $75M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $43M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $345M |
| OPERATING INCOME | $32M |
| Interest Income | $3M |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $18M |
| EBIT | $32M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $377M |
| Cost of Revenue | $302M |
| GROSS PROFIT | $75M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $43M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $345M |
| OPERATING INCOME | $32M |
| Interest Income | $3M |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $18M |
| EBIT | $32M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $294M |
| Short-Term Investments | $0 |
| Net Receivables | $217M |
| Inventory | $133M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $694M |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $186M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $86M |
| Short-Term Debt | $105M |
| Deferred Revenue | $22M |
| Other Current Liabilities | $152M |
| TOTAL CURRENT LIABILITIES | $365M |
| Long-Term Debt | $644M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $47M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $886M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $325.0K |
| Additional Paid-In Capital | $763M |
| Retained Earnings | $442M |
| Treasury Stock | -$87M |
| Accum. Other Comp. Income | -$58M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | -$82.0K |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $913M |
| Net Debt | $619M |
