| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $312M | $312M | $291M | -0.3% | 7.2% |
| Op. Income | $39M | $42M | $6M | -6.8% | 508.1% |
| Gross Margin | 31.2% | 31.4% | 21.4% | -0.2pp | 9.8pp |
| Net Margin | 9.6% | 9.4% | 3.4% | 0.2pp | 6.2pp |
| EPS (Diluted) | $0.47 | $0.46 | $0.16 | 2.2% | 193.7% |
| Free Cash Flow | -$96M | -$25M | -$12M | -285.3% | -731.4% |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $214M |
| GROSS PROFIT | $97M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $23M |
| Operating Expenses | $58M |
| Cost & Expenses | $273M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $23M |
| EBIT | $54M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $214M |
| GROSS PROFIT | $97M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $23M |
| Operating Expenses | $58M |
| Cost & Expenses | $273M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $23M |
| EBIT | $54M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | -$311.0K |
| Change in Working Capital | -$159M |
| OPERATING CASH FLOW | -$89M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $55M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$734.0K |
| NET CASH FROM FINANCING | $57M |
| FREE CASH FLOW | -$96M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $0 |
| Net Receivables | $87M |
| Inventory | $0 |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $217M |
| PP&E (Net) | $878M |
| Goodwill | $176M |
| Intangible Assets | $124M |
| Long-Term Investments | $121M |
| Tax Assets | $0 |
| Other Non-Current Assets | $156M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $66M |
| Short-Term Debt | $105M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $250M |
| Long-Term Debt | $655M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $849M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $627.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$568M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $560M |
| Minority Interest | $12M |
| TOTAL EQUITY | $572M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $868M |
| Net Debt | $786M |
