| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $995M | $915M | $854M | 8.7% | 16.5% |
| Op. Income | $151M | $120M | $101M | 25.6% | 49.0% |
| Gross Margin | 27.9% | 27.2% | 24.3% | 0.7pp | 3.6pp |
| Net Margin | 13.8% | 11.8% | 9.7% | 2.0pp | 4.1pp |
| EPS (Diluted) | $2.23 | $1.76 | $1.36 | 26.7% | 64.0% |
| Free Cash Flow | $181M | $99M | $118M | 82.6% | 53.8% |
| Item | Amount |
|---|---|
| REVENUE | $995M |
| Cost of Revenue | $718M |
| GROSS PROFIT | $277M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $127M |
| Cost & Expenses | $844M |
| OPERATING INCOME | $151M |
| Interest Income | $953.0K |
| Interest Expense | $10M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $29M |
| EBIT | $170M |
| EBITDA | $199M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $995M |
| Cost of Revenue | $718M |
| GROSS PROFIT | $277M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $127M |
| Cost & Expenses | $844M |
| OPERATING INCOME | $151M |
| Interest Income | $953.0K |
| Interest Expense | $10M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $29M |
| EBIT | $170M |
| EBITDA | $199M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $138M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$51M |
| Other Non-Cash Items | $739.0K |
| Change in Working Capital | $110M |
| OPERATING CASH FLOW | $233M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | -$40M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $8.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | -$231M |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$288M |
| FREE CASH FLOW | $181M |
| Net Change in Cash | -$146M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $327M |
| Short-Term Investments | $0 |
| Net Receivables | $831M |
| Inventory | $655M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $987M |
| Goodwill | $832M |
| Intangible Assets | $428M |
| Long-Term Investments | $74M |
| Tax Assets | $119M |
| Other Non-Current Assets | $306M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $289M |
| Short-Term Debt | $245M |
| Deferred Revenue | $49M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $907M |
| Long-Term Debt | $457M |
| Deferred Revenue NC | $431M |
| Deferred Tax Liabilities | $108M |
| Other Non-Current Liabilities | $140M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $482M |
| Retained Earnings | $3.6B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $2M |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $722M |
| Net Debt | $395M |
