| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $708M | $663M | $739M | 6.9% | -4.1% |
| Op. Income | $58M | $22M | $49M | 158.3% | 17.6% |
| Gross Margin | 24.1% | 22.3% | 24.0% | 1.9pp | 0.1pp |
| Net Margin | 4.6% | 1.0% | 3.2% | 3.6pp | 1.4pp |
| EPS (Diluted) | $0.15 | $-0.03 | $0.10 | 697.6% | 55.9% |
| Free Cash Flow | -$48M | $58M | $19M | -183.0% | -347.7% |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | $537M |
| GROSS PROFIT | $171M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $106M |
| Other Expenses | $7M |
| Operating Expenses | $113M |
| Cost & Expenses | $651M |
| OPERATING INCOME | $58M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $46M |
| EBIT | $62M |
| EBITDA | $108M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | $537M |
| GROSS PROFIT | $171M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $106M |
| Other Expenses | $7M |
| Operating Expenses | $113M |
| Cost & Expenses | $651M |
| OPERATING INCOME | $58M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $46M |
| EBIT | $62M |
| EBITDA | $108M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$104M |
| Acquisitions (Net) | -$300.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | -$62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $505M |
| Inventory | $0 |
| Other Current Assets | $81M |
| TOTAL CURRENT ASSETS | $665M |
| PP&E (Net) | $568M |
| Goodwill | $2.0B |
| Intangible Assets | $74M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $120M |
| Short-Term Debt | $0 |
| Deferred Revenue | $100M |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $509M |
| Long-Term Debt | $791M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $47M |
| Other Non-Current Liabilities | $168M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$41M |
| Treasury Stock | -$188M |
| Accum. Other Comp. Income | -$600.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $871M |
| Net Debt | $792M |
