| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $556M | $639M | $558M | -13.0% | -0.4% |
| Op. Income | $137M | $178M | $157M | -23.3% | -12.8% |
| Gross Margin | 28.9% | 31.3% | 31.9% | -2.3pp | -2.9pp |
| Net Margin | 18.5% | 21.5% | 21.4% | -3.0pp | -2.9pp |
| EPS (Diluted) | $3.22 | $4.23 | $3.56 | -23.9% | -9.6% |
| Free Cash Flow | $61M | $96M | $73M | -36.8% | -16.2% |
| Item | Amount |
|---|---|
| REVENUE | $556M |
| Cost of Revenue | $395M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $419M |
| OPERATING INCOME | $137M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $42M |
| EBIT | $143M |
| EBITDA | $185M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $556M |
| Cost of Revenue | $395M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $419M |
| OPERATING INCOME | $137M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $42M |
| EBIT | $143M |
| EBITDA | $185M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $171M |
| Capital Expenditure | -$110M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$110M |
| Net Debt Issuance | $483M |
| Common Stock Repurchased | -$143M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $323M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $384M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $419M |
| Short-Term Investments | $0 |
| Net Receivables | $217M |
| Inventory | $385M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $2.0B |
| Goodwill | $0 |
| Intangible Assets | $588M |
| Long-Term Investments | $155M |
| Tax Assets | $0 |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $124M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $242M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $261M |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $316.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.8B |
| Net Debt | $1.4B |
