| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $571M | $547M | $614M | 4.4% | -6.9% |
| Op. Income | $105M | $89M | $101M | 18.3% | 3.9% |
| Gross Margin | 22.1% | 19.9% | 20.0% | 2.2pp | 2.1pp |
| Net Margin | 16.6% | 10.9% | 14.1% | 5.8pp | 2.6pp |
| EPS (Diluted) | $0.74 | $0.46 | $0.66 | 60.9% | 12.1% |
| Free Cash Flow | $145M | $85M | $99M | 71.4% | 46.7% |
| Item | Amount |
|---|---|
| REVENUE | $571M |
| Cost of Revenue | $445M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $105M |
| Interest Income | $682.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $78M |
| EBIT | $114M |
| EBITDA | $192M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $571M |
| Cost of Revenue | $445M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $105M |
| Interest Income | $682.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $78M |
| EBIT | $114M |
| EBITDA | $192M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $37M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $210M |
| Capital Expenditure | -$65M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$78M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$88M |
| FREE CASH FLOW | $145M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $94M |
| Short-Term Investments | $0 |
| Net Receivables | $172M |
| Inventory | $131M |
| Other Current Assets | $79M |
| TOTAL CURRENT ASSETS | $486M |
| PP&E (Net) | $2.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $135M |
| Tax Assets | $0 |
| Other Non-Current Assets | $106M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $104M |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $256M |
| Long-Term Debt | $433M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $346M |
| TOTAL NON-CURRENT LIABILITIES | $822M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $19M |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $472M |
| Net Debt | $377M |
