| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | — | $3.2B | — | -1.0% |
| Op. Income | $167M | — | $154M | — | 8.4% |
| Gross Margin | 14.9% | — | 25.1% | — | -10.2pp |
| Net Margin | 3.4% | — | 1.8% | — | 1.6pp |
| EPS (Diluted) | $0.59 | — | $0.31 | — | 90.3% |
| Free Cash Flow | $456M | — | $568M | — | -19.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $476M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $309M |
| Other Expenses | $0 |
| Operating Expenses | $309M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $167M |
| Interest Income | $46M |
| Interest Expense | $54M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $283M |
| EBIT | $225M |
| EBITDA | $508M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $476M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $309M |
| Other Expenses | $0 |
| Operating Expenses | $309M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $167M |
| Interest Income | $46M |
| Interest Expense | $54M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $283M |
| EBIT | $225M |
| EBITDA | $508M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $107M |
| Depreciation & Amortization | $283M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $43M |
| Other Non-Cash Items | $85M |
| Change in Working Capital | -$127M |
| OPERATING CASH FLOW | $414M |
| Capital Expenditure | $42M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$88M |
| NET CASH FROM INVESTING | -$143M |
| Net Debt Issuance | -$362M |
| Common Stock Repurchased | -$64M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$428M |
| FREE CASH FLOW | $456M |
| Net Change in Cash | -$157M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $2.9B |
| Inventory | $0 |
| Other Current Assets | $631M |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $1.8B |
| Goodwill | $530M |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $783M |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $7.9B |
| TOTAL ASSETS | $13.2B |
| Account Payables | $582M |
| Short-Term Debt | $765M |
| Deferred Revenue | $724M |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $571M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | -$2.9B |
| Treasury Stock | -$248M |
| Accum. Other Comp. Income | -$870M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $268M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $13.2B |
| Total Debt | $4.8B |
| Net Debt | $3.1B |
