| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $934M | $1.1B | $1.0B | -15.9% | -7.8% |
| Op. Income | $28M | $106M | $34M | -73.3% | -16.0% |
| Gross Margin | 64.7% | 63.5% | 62.8% | 1.2pp | 1.9pp |
| Net Margin | -1.6% | 1.8% | -0.4% | -3.4pp | -1.2pp |
| EPS (Diluted) | $-0.08 | $0.11 | $-0.02 | -172.7% | -308.2% |
| Free Cash Flow | $162M | $52M | $108M | 213.3% | 50.4% |
| Item | Amount |
|---|---|
| REVENUE | $934M |
| Cost of Revenue | $330M |
| GROSS PROFIT | $604M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $211M |
| SG&A Expenses | $211M |
| Other Expenses | $345M |
| Operating Expenses | $576M |
| Cost & Expenses | $906M |
| OPERATING INCOME | $28M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $66M |
| EBIT | $37M |
| EBITDA | $102M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $178M |
| OPERATING CASH FLOW | $228M |
| Capital Expenditure | -$66M |
| Acquisitions (Net) | -$500.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | -$100.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $100.0K |
| NET CASH FROM FINANCING | $22M |
| FREE CASH FLOW | $162M |
| Net Change in Cash | $182M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $866M |
| Short-Term Investments | $0 |
| Net Receivables | $304M |
| Inventory | $569M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $3.5B |
| Goodwill | $620M |
| Intangible Assets | $1.2B |
| Long-Term Investments | $127M |
| Tax Assets | $0 |
| Other Non-Current Assets | $328M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $87M |
| Short-Term Debt | $305M |
| Deferred Revenue | $78M |
| Other Current Liabilities | $203M |
| TOTAL CURRENT LIABILITIES | $999M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$493M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $3.2B |
| Net Debt | $2.3B |
