| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $543M | $550M | $574M | -1.2% | -5.5% |
| Op. Income | $64M | $88M | $96M | -26.5% | -33.0% |
| Gross Margin | 24.2% | 26.5% | 56.6% | -2.3pp | -32.4pp |
| Net Margin | 4.9% | 8.1% | 8.3% | -3.2pp | -3.4pp |
| EPS (Diluted) | $0.14 | $0.23 | $0.23 | -39.1% | -39.1% |
| Free Cash Flow | $31M | $104M | $27M | -69.9% | 18.0% |
| Item | Amount |
|---|---|
| REVENUE | $543M |
| Cost of Revenue | $412M |
| GROSS PROFIT | $131M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $67M |
| SG&A Expenses | $67M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $479M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $45M |
| EBIT | $66M |
| EBITDA | $111M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $543M |
| Cost of Revenue | $412M |
| GROSS PROFIT | $131M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $67M |
| SG&A Expenses | $67M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $479M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $45M |
| EBIT | $66M |
| EBITDA | $111M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $69M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | $12M |
| Common Stock Repurchased | -$12.0K |
| Common Dividends Paid | -$27M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$110M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $301M |
| Short-Term Investments | $0 |
| Net Receivables | $117M |
| Inventory | $7M |
| Other Current Assets | $192M |
| TOTAL CURRENT ASSETS | $618M |
| PP&E (Net) | $955M |
| Goodwill | $774M |
| Intangible Assets | $1.2B |
| Long-Term Investments | $310M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $30M |
| Short-Term Debt | $30M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $213M |
| TOTAL CURRENT LIABILITIES | $351M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $288M |
| Other Non-Current Liabilities | $163M |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $47M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $435M |
| Treasury Stock | -$3.3B |
| Accum. Other Comp. Income | -$64M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $117M |
| Minority Interest | $0 |
| TOTAL EQUITY | $117M |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $4.1B |
| Net Debt | $3.8B |
