| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $821M | $972M | — | -15.6% | — |
| Op. Income | $41M | $66M | — | -37.8% | — |
| Gross Margin | 33.3% | 29.1% | — | 4.2pp | — |
| Net Margin | 9.4% | 17.3% | — | -8.0pp | — |
| EPS (Diluted) | $0.13 | $0.31 | — | -58.1% | — |
| Free Cash Flow | $107M | $113M | — | -5.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $821M |
| Cost of Revenue | $548M |
| GROSS PROFIT | $273M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $221M |
| Other Expenses | $11M |
| Operating Expenses | $232M |
| Cost & Expenses | $780M |
| OPERATING INCOME | $41M |
| Interest Income | $49M |
| Interest Expense | $0 |
| Other Income/Expenses | $43M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $5M |
| EBIT | $52M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $821M |
| Cost of Revenue | $548M |
| GROSS PROFIT | $273M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $221M |
| Other Expenses | $11M |
| Operating Expenses | $232M |
| Cost & Expenses | $780M |
| OPERATING INCOME | $41M |
| Interest Income | $49M |
| Interest Expense | $0 |
| Other Income/Expenses | $43M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $5M |
| EBIT | $52M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $100.0K |
| Other Non-Cash Items | $60M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $111M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$985M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$980M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $107M |
| Net Change in Cash | -$868M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.8B |
| Short-Term Investments | $987M |
| Net Receivables | $55M |
| Inventory | $576M |
| Other Current Assets | $229M |
| TOTAL CURRENT ASSETS | $9.7B |
| PP&E (Net) | $270M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $574M |
| TOTAL NON-CURRENT ASSETS | $862M |
| TOTAL ASSETS | $10.6B |
| Account Payables | $380M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $181M |
| TOTAL CURRENT LIABILITIES | $932M |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $4.3B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | $77M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$72M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $10.6B |
| Total Debt | $4.4B |
| Net Debt | -$3.5B |
