| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $821M | $949M | $817M | -13.5% | 0.5% |
| Op. Income | $15M | $29M | -$19M | -49.0% | 177.1% |
| Gross Margin | 32.8% | 33.0% | 32.2% | -0.2pp | 0.6pp |
| Net Margin | 1.5% | 2.3% | -1.1% | -0.8pp | 2.7pp |
| EPS (Diluted) | $0.56 | $0.99 | $-0.41 | -43.4% | 236.6% |
| Free Cash Flow | -$14M | $60M | $8M | -122.7% | -266.0% |
| Item | Amount |
|---|---|
| REVENUE | $821M |
| Cost of Revenue | $552M |
| GROSS PROFIT | $269M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $46M |
| SG&A Expenses | $46M |
| Other Expenses | $208M |
| Operating Expenses | $254M |
| Cost & Expenses | $806M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $34M |
| EBIT | $15M |
| EBITDA | $49M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $821M |
| Cost of Revenue | $552M |
| GROSS PROFIT | $269M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $46M |
| SG&A Expenses | $46M |
| Other Expenses | $208M |
| Operating Expenses | $254M |
| Cost & Expenses | $806M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $34M |
| EBIT | $15M |
| EBITDA | $49M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | -$49.0K |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$532.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $169M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $277M |
| PP&E (Net) | $1.8B |
| Goodwill | $0 |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $121M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $302M |
| TOTAL CURRENT LIABILITIES | $423M |
| Long-Term Debt | $489M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $104M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $223.0K |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $450M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $469M |
| Minority Interest | $0 |
| TOTAL EQUITY | $469M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $1.1B |
| Net Debt | $1.1B |
