| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $614M | $612M | $648M | 0.3% | -5.3% |
| Op. Income | -$126M | $101M | $89M | -224.6% | -241.0% |
| Gross Margin | 43.2% | 41.2% | 38.5% | 2.0pp | 4.8pp |
| Net Margin | -19.6% | 9.3% | 6.3% | -28.9pp | -25.9pp |
| EPS (Diluted) | $-2.56 | $1.21 | $0.84 | -311.6% | -404.8% |
| Free Cash Flow | $114M | $3M | $108M | 4153.8% | 5.9% |
| Item | Amount |
|---|---|
| REVENUE | $614M |
| Cost of Revenue | $348M |
| GROSS PROFIT | $265M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $146M |
| SG&A Expenses | $145M |
| Other Expenses | $246M |
| Operating Expenses | $391M |
| Cost & Expenses | $740M |
| OPERATING INCOME | -$126M |
| Interest Income | $145.0K |
| Interest Expense | $24M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | -$149M |
| Income Tax Expense | -$29M |
| Net Income from Continuing Ops | -$120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$120M |
| D&A | $16M |
| EBIT | -$125M |
| EBITDA | -$109M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$120M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $219M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $123M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $320.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$87M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$63.0K |
| NET CASH FROM FINANCING | -$136M |
| FREE CASH FLOW | $114M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $0 |
| Net Receivables | $272M |
| Inventory | $446M |
| Other Current Assets | $87M |
| TOTAL CURRENT ASSETS | $912M |
| PP&E (Net) | $455M |
| Goodwill | $193M |
| Intangible Assets | $494M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $131M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $338M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $100M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $21M |
| Additional Paid-In Capital | $682M |
| Retained Earnings | $444M |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$61M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64M |
| Minority Interest | $0 |
| TOTAL EQUITY | $64M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
