| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $408M | $473M | $168M | -13.6% | 143.4% |
| Op. Income | -$21M | -$22M | -$3M | 5.1% | -575.2% |
| Gross Margin | 17.1% | 17.4% | 37.7% | -0.3pp | -20.6pp |
| Net Margin | -38.4% | -3.6% | -1.0% | -34.7pp | -37.3pp |
| EPS (Diluted) | $-3.15 | $-0.34 | $-0.06 | -826.5% | -5150.0% |
| Free Cash Flow | -$18M | -$22M | -$30M | 20.8% | 40.2% |
| Item | Amount |
|---|---|
| REVENUE | $408M |
| Cost of Revenue | $338M |
| GROSS PROFIT | $70M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $99M |
| Other Expenses | -$36M |
| Operating Expenses | $90M |
| Cost & Expenses | $429M |
| OPERATING INCOME | -$21M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | -$155M |
| INCOME BEFORE TAX | -$176M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | -$157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$157M |
| D&A | $55M |
| EBIT | -$21M |
| EBITDA | $34M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$157M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $164M |
| Change in Working Capital | -$71M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$6.0K |
| Purchases of Investments | -$71M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $290M |
| Short-Term Investments | $297M |
| Net Receivables | $773M |
| Inventory | $299M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $251M |
| Goodwill | $2.5B |
| Intangible Assets | $926M |
| Long-Term Investments | $62M |
| Tax Assets | $0 |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $110M |
| Short-Term Debt | $16M |
| Deferred Revenue | $68M |
| Other Current Liabilities | $116M |
| TOTAL CURRENT LIABILITIES | $309M |
| Long-Term Debt | $728M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $54M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $872M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $826M |
| Net Debt | $536M |
