| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $248M | $190M | $156M | 30.1% | 58.7% |
| Op. Income | $134M | $91M | $61M | 47.3% | 119.7% |
| Gross Margin | 58.2% | 54.6% | 46.2% | 3.6pp | 11.9pp |
| Net Margin | 2.3% | 4.3% | -7.6% | -2.0pp | 9.9pp |
| EPS (Diluted) | $0.07 | $0.11 | $-0.16 | -38.2% | 142.5% |
| Free Cash Flow | $54M | $30M | $5M | 82.8% | 1090.1% |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $144M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $134M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $18M |
| EBIT | $41M |
| EBITDA | $59M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $144M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $134M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $18M |
| EBIT | $41M |
| EBITDA | $59M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $101M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | $86M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $57.7K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$34M |
| Common Stock Repurchased | $3.6K |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $133M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | $108M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $150M |
| Short-Term Investments | $202M |
| Net Receivables | $37M |
| Inventory | $77M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $508M |
| PP&E (Net) | $783M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $36M |
| Other Non-Current Assets | $101M |
| TOTAL NON-CURRENT ASSETS | $921M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $76M |
| Short-Term Debt | $105M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $315M |
| Long-Term Debt | $340M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $409M |
| TOTAL NON-CURRENT LIABILITIES | $792M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $833M |
| Additional Paid-In Capital | $57M |
| Retained Earnings | -$566M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $322M |
| Minority Interest | $0 |
| TOTAL EQUITY | $322M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $456M |
| Net Debt | $306M |
