| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $121M | $81M | -0.5% | 48.7% |
| Op. Income | $51M | $59M | $23M | -14.7% | 116.5% |
| Gross Margin | 51.2% | 70.6% | 37.4% | -19.4pp | 13.8pp |
| Net Margin | 39.3% | 45.9% | 26.5% | -6.6pp | 12.9pp |
| EPS (Diluted) | $1.11 | $1.30 | $0.50 | -14.6% | 122.0% |
| Free Cash Flow | $97M | $33M | $21M | 192.9% | 353.3% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $61M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $51M |
| Interest Income | $3M |
| Interest Expense | $7M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $18M |
| EBIT | $51M |
| EBITDA | $69M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $61M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $51M |
| Interest Income | $3M |
| Interest Expense | $7M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $18M |
| EBIT | $51M |
| EBITDA | $69M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $81M |
| Capital Expenditure | $16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $2.8K |
| Common Dividends Paid | -$28M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | $97M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $294M |
| Short-Term Investments | $0 |
| Net Receivables | $73M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $392M |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $29M |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $7M |
| Short-Term Debt | $98M |
| Deferred Revenue | $501.2K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $162M |
| Long-Term Debt | $528M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$111M |
| TOTAL NON-CURRENT LIABILITIES | $530M |
| TOTAL LIABILITIES | $692M |
| Common Stock | $546.1K |
| Additional Paid-In Capital | $876M |
| Retained Earnings | $349M |
| Treasury Stock | -$140M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $786M |
| Net Debt | $492M |
