| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $454M | $356M | $440M | 27.6% | 3.3% |
| Op. Income | $61M | $6M | $50M | 906.1% | 20.9% |
| Gross Margin | 33.0% | 26.9% | 33.6% | 6.2pp | -0.6pp |
| Net Margin | 9.7% | 1.4% | 8.3% | 8.4pp | 1.5pp |
| EPS (Diluted) | $2.26 | $0.25 | $1.87 | 804.0% | 20.9% |
| Free Cash Flow | $28M | -$7M | $45M | 498.2% | -37.1% |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $79M |
| General & Administrative | $20M |
| SG&A Expenses | $99M |
| Other Expenses | -$9M |
| Operating Expenses | $89M |
| Cost & Expenses | $394M |
| OPERATING INCOME | $61M |
| Interest Income | $622.0K |
| Interest Expense | $441.0K |
| Other Income/Expenses | $181.0K |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $19M |
| EBIT | $61M |
| EBITDA | $80M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $79M |
| General & Administrative | $20M |
| SG&A Expenses | $99M |
| Other Expenses | -$9M |
| Operating Expenses | $89M |
| Cost & Expenses | $394M |
| OPERATING INCOME | $61M |
| Interest Income | $622.0K |
| Interest Expense | $441.0K |
| Other Income/Expenses | $181.0K |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $19M |
| EBIT | $61M |
| EBITDA | $80M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $71.0K |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$61.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $0 |
| Net Receivables | $206M |
| Inventory | $195M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $488M |
| PP&E (Net) | $562M |
| Goodwill | $185M |
| Intangible Assets | $107M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $72M |
| TOTAL NON-CURRENT ASSETS | $925M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $104M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $205M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $88M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $239M |
| TOTAL LIABILITIES | $444M |
| Common Stock | $139M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $844M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $970M |
| Minority Interest | $0 |
| TOTAL EQUITY | $970M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $167M |
| Net Debt | $90M |
