| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $464M | $458M | $428M | 1.3% | 8.5% |
| Op. Income | $50M | -$42M | $19M | 219.3% | 161.6% |
| Gross Margin | 20.8% | 0.6% | 14.8% | 20.1pp | 5.9pp |
| Net Margin | 9.3% | -7.1% | 3.3% | 16.3pp | 6.0pp |
| EPS (Diluted) | $0.58 | $-0.44 | $0.19 | 231.8% | 205.3% |
| Free Cash Flow | $70M | $27M | $3M | 155.1% | 2301.5% |
| Item | Amount |
|---|---|
| REVENUE | $464M |
| Cost of Revenue | $368M |
| GROSS PROFIT | $96M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $415M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $813.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $4M |
| EBIT | $58M |
| EBITDA | $62M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $464M |
| Cost of Revenue | $368M |
| GROSS PROFIT | $96M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $415M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $813.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $4M |
| EBIT | $58M |
| EBITDA | $62M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $10.0K |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $70M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $124M |
| Short-Term Investments | $53M |
| Net Receivables | $329M |
| Inventory | $17M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $581M |
| PP&E (Net) | $27M |
| Goodwill | $80M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $22M |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $224M |
| TOTAL ASSETS | $804M |
| Account Payables | $82M |
| Short-Term Debt | $8M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $196M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $100M |
| TOTAL NON-CURRENT LIABILITIES | $113M |
| TOTAL LIABILITIES | $308M |
| Common Stock | $768.0K |
| Additional Paid-In Capital | $326M |
| Retained Earnings | $252M |
| Treasury Stock | -$82M |
| Accum. Other Comp. Income | -$729.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $496M |
| Minority Interest | $0 |
| TOTAL EQUITY | $496M |
| TOTAL LIABILITIES & EQUITY | $804M |
| Total Debt | $20M |
| Net Debt | -$104M |
