| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $931M | -1.3% | 9.6% |
| Op. Income | $39M | $40M | $32M | -3.2% | 22.1% |
| Gross Margin | 24.2% | 24.6% | 24.1% | -0.4pp | 0.1pp |
| Net Margin | 1.9% | 2.1% | 1.5% | -0.2pp | 0.4pp |
| EPS (Diluted) | $0.44 | $0.49 | $0.34 | -10.2% | 29.4% |
| Free Cash Flow | -$20M | $5M | $12M | -536.4% | -266.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $774M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $208M |
| Other Expenses | $0 |
| Operating Expenses | $208M |
| Cost & Expenses | $982M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $20M |
| EBIT | $39M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $774M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $208M |
| Other Expenses | $0 |
| Operating Expenses | $208M |
| Cost & Expenses | $982M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $20M |
| EBIT | $39M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$855.0K |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $0 |
| Net Receivables | $348M |
| Inventory | $385M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $869M |
| PP&E (Net) | $538M |
| Goodwill | $357M |
| Intangible Assets | $144M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $228M |
| Short-Term Debt | $22M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $406M |
| Long-Term Debt | $712M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $934M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $407.0K |
| Additional Paid-In Capital | $399M |
| Retained Earnings | $180M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $577M |
| Minority Interest | $0 |
| TOTAL EQUITY | $577M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $954M |
| Net Debt | $889M |
