| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | $219M | $198M | 5.0% | 15.7% |
| Op. Income | $45M | $36M | $25M | 26.1% | 82.6% |
| Gross Margin | 59.6% | 59.9% | 60.2% | -0.2pp | -0.5pp |
| Net Margin | 69.0% | 16.9% | 16.6% | 52.0pp | 52.4pp |
| EPS (Diluted) | $1.51 | $0.39 | $0.32 | 287.2% | 371.9% |
| Free Cash Flow | $89M | $57M | $14M | 56.0% | 556.3% |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $137M |
| R&D Expenses | $38M |
| Selling & Marketing | $21M |
| General & Administrative | $33M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $92M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | -$68M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $158M |
| D&A | $35M |
| EBIT | $95M |
| EBITDA | $130M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $137M |
| R&D Expenses | $38M |
| Selling & Marketing | $21M |
| General & Administrative | $33M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $92M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | -$68M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $158M |
| D&A | $35M |
| EBIT | $95M |
| EBITDA | $130M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $158M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$73M |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $100M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $157.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$28M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | -$206M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$214M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | -$151M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $0 |
| Net Receivables | $84M |
| Inventory | $0 |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $368M |
| PP&E (Net) | $801M |
| Goodwill | $349M |
| Intangible Assets | $104M |
| Long-Term Investments | $0 |
| Tax Assets | $92M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $68M |
| Short-Term Debt | $10M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $325M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $720.0K |
| Retained Earnings | -$69M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$943.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$70M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$70M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
