| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.2B | — | 42.1% | — |
| Op. Income | $216M | $44M | — | 394.1% | — |
| Gross Margin | 56.8% | 58.5% | — | -1.6pp | — |
| Net Margin | 8.1% | 1.5% | — | 6.7pp | — |
| EPS (Diluted) | $0.25 | $0.03 | — | 671.6% | — |
| Free Cash Flow | -$60M | -$106M | — | 43.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $758M |
| GROSS PROFIT | $998M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $777M |
| Other Expenses | $6M |
| Operating Expenses | $782M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $216M |
| Interest Income | $2M |
| Interest Expense | $26M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $0 |
| EBIT | $223M |
| EBITDA | $223M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $758M |
| GROSS PROFIT | $998M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $777M |
| Other Expenses | $6M |
| Operating Expenses | $782M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $216M |
| Interest Income | $2M |
| Interest Expense | $26M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $0 |
| EBIT | $223M |
| EBITDA | $223M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $143M |
| Depreciation & Amortization | $119M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$257M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | -$41M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | $208M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$59M |
| NET CASH FROM FINANCING | $152M |
| FREE CASH FLOW | -$60M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $353M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $1.7B |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.3B |
| Intangible Assets | $2.8B |
| Long-Term Investments | $67M |
| Tax Assets | $81M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $565M |
| Short-Term Debt | $501M |
| Deferred Revenue | $197M |
| Other Current Liabilities | $592M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $792M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $519M |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $19M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$339M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.6B |
| Minority Interest | $20M |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $1.9B |
| Net Debt | $1.5B |
