| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $1.0B | -0.9% | -1.9% |
| Op. Income | $68M | $60M | $79M | 13.9% | -13.9% |
| Gross Margin | 29.4% | 28.7% | 29.1% | 0.6pp | 0.2pp |
| Net Margin | 3.8% | 2.9% | 4.6% | 0.9pp | -0.8pp |
| EPS (Diluted) | $0.87 | $0.67 | $1.06 | 29.9% | -17.9% |
| Free Cash Flow | $72M | $116M | $152M | -37.8% | -52.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $715M |
| GROSS PROFIT | $297M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $212M |
| Other Expenses | $17M |
| Operating Expenses | $229M |
| Cost & Expenses | $944M |
| OPERATING INCOME | $68M |
| Interest Income | $0 |
| Interest Expense | $85M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $32M |
| EBIT | $135M |
| EBITDA | $167M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $715M |
| GROSS PROFIT | $297M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $212M |
| Other Expenses | $17M |
| Operating Expenses | $229M |
| Cost & Expenses | $944M |
| OPERATING INCOME | $68M |
| Interest Income | $0 |
| Interest Expense | $85M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $32M |
| EBIT | $135M |
| EBITDA | $167M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $84M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$43M |
| Common Stock Repurchased | -$46M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $0 |
| Net Receivables | $710M |
| Inventory | $0 |
| Other Current Assets | $82M |
| TOTAL CURRENT ASSETS | $918M |
| PP&E (Net) | $83M |
| Goodwill | $2.1B |
| Intangible Assets | $471M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $86M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $38M |
| Short-Term Debt | $29M |
| Deferred Revenue | $30M |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $462M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $192M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $728M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
