| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $1.1B | -2.6% | -4.9% |
| Op. Income | $197M | $202M | $178M | -2.6% | 10.4% |
| Gross Margin | 27.5% | 37.7% | 37.5% | -10.2pp | -10.0pp |
| Net Margin | 11.4% | 13.5% | 36.4% | -2.1pp | -25.1pp |
| EPS (Diluted) | $0.36 | $0.43 | $1.13 | -16.3% | -68.1% |
| Free Cash Flow | $106M | $171M | $95M | -37.7% | 11.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $729M |
| GROSS PROFIT | $277M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $178M |
| Other Expenses | -$98M |
| Operating Expenses | $80M |
| Cost & Expenses | $809M |
| OPERATING INCOME | $197M |
| Interest Income | $2M |
| Interest Expense | $102M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $42M |
| EBIT | $188M |
| EBITDA | $230M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $729M |
| GROSS PROFIT | $277M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $178M |
| Other Expenses | -$98M |
| Operating Expenses | $80M |
| Cost & Expenses | $809M |
| OPERATING INCOME | $197M |
| Interest Income | $2M |
| Interest Expense | $102M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $42M |
| EBIT | $188M |
| EBITDA | $230M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $35M |
| Other Non-Cash Items | -$240M |
| Change in Working Capital | $184M |
| OPERATING CASH FLOW | $135M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $400M |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | -$74M |
| Other Financing Activities | -$145M |
| NET CASH FROM FINANCING | $154M |
| FREE CASH FLOW | $106M |
| Net Change in Cash | $262M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $95M |
| Goodwill | $2.1B |
| Intangible Assets | $356M |
| Long-Term Investments | $0 |
| Tax Assets | $226M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $75M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $153M |
| Other Non-Current Liabilities | $7.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$151M |
| Other Equity | $1.1B |
| TOTAL STOCKHOLDERS' EQUITY | $958M |
| Minority Interest | $0 |
| TOTAL EQUITY | $958M |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $0 |
| Net Debt | -$1.2B |
