| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $697M | $743M | $700M | -6.3% | -0.5% |
| Op. Income | $55M | $68M | $71M | -19.6% | -23.2% |
| Gross Margin | 19.5% | 25.0% | 24.7% | -5.5pp | -5.2pp |
| Net Margin | 2.5% | 2.0% | 3.4% | 0.5pp | -0.9pp |
| EPS (Diluted) | $0.73 | $0.95 | $1.51 | -23.2% | -51.7% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $697M |
| Cost of Revenue | $561M |
| GROSS PROFIT | $136M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $0 |
| Operating Expenses | $81M |
| Cost & Expenses | $642M |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $6M |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $11M |
| EBIT | $55M |
| EBITDA | $66M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $697M |
| Cost of Revenue | $561M |
| GROSS PROFIT | $136M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $0 |
| Operating Expenses | $81M |
| Cost & Expenses | $642M |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $6M |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $11M |
| EBIT | $55M |
| EBITDA | $66M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $431M |
| Short-Term Investments | $770.0K |
| Net Receivables | $784M |
| Inventory | $26M |
| Other Current Assets | $738M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $194M |
| Goodwill | $0 |
| Intangible Assets | $957M |
| Long-Term Investments | $90M |
| Tax Assets | $27M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $285M |
| Short-Term Debt | $249M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $510M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $235M |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $460M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $778M |
| TOTAL STOCKHOLDERS' EQUITY | $778M |
| Minority Interest | $800M |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $639M |
| Net Debt | $207M |
