| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $515M | $644M | — | -20.1% | — |
| Op. Income | $16M | $41M | — | -60.5% | — |
| Gross Margin | 17.2% | 20.1% | — | -2.9pp | — |
| Net Margin | 1.3% | 3.9% | — | -2.6pp | — |
| EPS (Diluted) | $0.19 | $0.72 | — | -73.6% | — |
| Free Cash Flow | -$33M | $62M | — | -153.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $515M |
| Cost of Revenue | $426M |
| GROSS PROFIT | $89M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $499M |
| OPERATING INCOME | $16M |
| Interest Income | $13.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $7M |
| EBIT | $16M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $515M |
| Cost of Revenue | $426M |
| GROSS PROFIT | $89M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $499M |
| OPERATING INCOME | $16M |
| Interest Income | $13.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $7M |
| EBIT | $16M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$518.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $416M |
| Inventory | $329M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $826M |
| PP&E (Net) | $218M |
| Goodwill | $0 |
| Intangible Assets | $68M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $305M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $319M |
| Short-Term Debt | $74M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $187M |
| TOTAL CURRENT LIABILITIES | $580M |
| Long-Term Debt | $138M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $85.0K |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $261M |
| TOTAL LIABILITIES | $840M |
| Common Stock | $343.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$699M |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $290M |
| Minority Interest | $0 |
| TOTAL EQUITY | $290M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $316M |
| Net Debt | $306M |
