| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $778M | $813M | $746M | -4.3% | 4.2% |
| Op. Income | -$54M | $15M | $10M | -461.1% | -624.8% |
| Gross Margin | 27.4% | 26.6% | 26.8% | 0.8pp | 0.5pp |
| Net Margin | -14.7% | -5.3% | -6.8% | -9.5pp | -8.0pp |
| EPS (Diluted) | $-0.48 | $-0.18 | $-0.22 | -166.7% | -118.2% |
| Free Cash Flow | $35M | $29M | $11M | 20.1% | 204.1% |
| Item | Amount |
|---|---|
| REVENUE | $778M |
| Cost of Revenue | $565M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $54M |
| General & Administrative | $46M |
| SG&A Expenses | $100M |
| Other Expenses | $167M |
| Operating Expenses | $267M |
| Cost & Expenses | $832M |
| OPERATING INCOME | -$54M |
| Interest Income | $3M |
| Interest Expense | $120M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | -$115M |
| Income Tax Expense | $167.0K |
| Net Income from Continuing Ops | -$115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$115M |
| D&A | $95M |
| EBIT | $5M |
| EBITDA | $100M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$115M |
| Depreciation & Amortization | $99M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$316.0K |
| Other Non-Cash Items | $62M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$882.0K |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$32M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $253M |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $111M |
| TOTAL CURRENT ASSETS | $537M |
| PP&E (Net) | $5.4B |
| Goodwill | $27M |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $85M |
| Short-Term Debt | $104M |
| Deferred Revenue | $62M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $638M |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | -$4.3B |
| Treasury Stock | -$103M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$7M |
| Minority Interest | $1M |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $5.5B |
| Net Debt | $5.2B |
